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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.
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Q3 2025 earnings summary6 Nov, 2025

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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Frequently asked questions

PureCycle Technologies, Inc., develops, produces, markets and sells recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. Founded in 2015 and headquartered in Orlando, Florida, PureCycle Technologies, Inc., has since been on a mission to enable the recycling and conservation of valuable plastic debris into renewable resources.

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