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Pryme (PRYME) investor relations material
Pryme Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Achieved 468 tons of pyrolysis oil production in Q3 2025, with record output in July before a reactor sealing issue halted operations in late August, leading to extended downtime and repairs continuing into Q4.
Sales of 548 tons of pyrolysis oil were completed at an average price of €1,425 per ton, with renegotiated main sales contract terms improving pricing and quality specifications.
New CEO Guus Lemmers appointed in September 2025, with organizational changes and HR additions to support 5-shift production.
Financial highlights
Q3 2025 revenue was €781k, up from €288k in Q2 2025 and €29k in Q3 2024; year-to-date revenue reached €1.07 million.
Net loss for Q3 2025 was €3.53 million, an improvement from a €4.02 million loss in Q2 2025 and €4.74 million in Q3 2024.
Cash balance at quarter-end was €4.7 million, with a Q3 cash burn of €4.6 million; additional funding of €5–6 million is required by end of Q1 2026.
EU Horizon subsidies contributed €2.0 million in the first nine months of 2025, offsetting costs across several expense categories.
Outlook and guidance
Q4 2025 production forecast is 600 tons of pyrolysis oil, with ongoing optimization tests to debottleneck the reactor and improve process performance.
Focus remains on enhancing reliability, oil quality, and feedstock flexibility, with new feedstock types to be tested and preventive maintenance programs implemented.
Pryme Two site selection and basic engineering to proceed in Q1 2026, contingent on sufficient production data from Pryme One.
Q4 optimization tests: expected output impact
Funding strategy for €5-6M by Q1 2026
Pryme Two design updates from Pryme One data
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Frequently asked questions
Pryme is a cleantech company focused on converting plastic waste into valuable resources through an industrial-scale chemical recycling process known as pyrolysis. The company aims to contribute to a circular plastic economy by developing cost-effective and scalable solutions to tackle the growing global issue of plastic waste. Pryme's technology involves breaking down plastic into useful outputs, which can then be used by petrochemical industries to create new materials. Pryme is headquartered in Rotterdam, Netherlands, and its shares are listed on the Oslo Stock Exchange.
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