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PureCycle Technologies (PCT) investor relations material
PureCycle Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record production at Ironton with 7.2 million pounds in Q3 2025 and 3.3 million pounds in September, with Denver operations expanding to a second shift and a third planned.
Commercial momentum increased as major brands and QSRs moved from trials to purchasing resin, with initial shipments to Procter & Gamble and a top five global QSR expected in Q4 2025.
Added Dr. Siri Jirapongpon to the board, bringing polymer expertise and supporting technical and financing teams.
Expanded FDA food contact clearances and achieved REACH certification, enabling broader market applications and shipments to Europe.
Announced new facility construction in Thailand and Belgium, and a multi-line purification facility in Georgia.
Financial highlights
Ended Q3 2025 with $234.4 million in unrestricted cash and $12.9 million in restricted cash, with $87 million in revenue bonds available for future sale.
Q3 2025 revenue was $2.4 million, with a net loss of $28.4 million, improved from $90.6 million in Q3 2024.
Operational and corporate spend was $37 million, slightly down from $39 million in the previous quarter.
Major cash uses included $16.5 million for operations, $9.3 million for corporate expenses, $7.5 million for projects, $12.9 million for debt service, and $6.0 million for capital raise fees.
Raised $300 million through a private placement of Series B Convertible Perpetual Preferred Stock.
Outlook and guidance
Ironton compounding operations expected to be completed by year-end 2025, enabling 100 million pounds annual single-pellet production.
Thailand project targets mechanical completion in 2027, with annual capacity projected between 300 million and 500 million pounds.
Anticipate final grant approval of up to EUR 40 million from the EU Innovation Fund by end of Q1 2026.
Management projects sufficient liquidity for at least the next twelve months, supported by the recent capital raise.
Plans to bring an additional one billion pounds of installed polypropylene recycling capacity online before 2030.
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