Pryme (PRYME) Q2 2026 earnings summary

Executive summary

• Permanently shut down main plant (Pryme One) in March 2026 due to reactor reliability issues and lack of funding, initiating an orderly wind-down of operations.

• Explored financing and strategic alternatives, but no additional funding secured; focus shifted to asset sales and value preservation.

• Significant reduction in workforce and operational footprint; R&D center in Ghent closed and pilot plant sold.

Financial highlights

• No revenue generated in H1 2026; operating loss (EBIT) of €5.15 million, net loss of €5.76 million, improved from €7.81 million net loss in H1 2025.

• Cash burn rate in Q2 2026 was €5.4 million; cash and cash equivalents at period end were €1.71 million, down from €6.63 million at year-end 2025.

• Equity decreased to -€8.38 million as of June 30, 2026, from -€3.31 million at year-end 2025.

• Personnel expenses reduced to €2.48 million (H1 2025: €2.73 million) due to staff reductions.

Outlook and guidance

• Focus for remainder of 2026 is on orderly wind-down and asset sales; survival depends on securing funding or strategic alternatives.

• Without new funding or successful asset sales, insolvency is expected after Q3 2026.