Pryme (PRYME) Q4 2025 earnings summary

Executive summary

• Q4 2025 was marked by significant operational challenges, with reactor issues limiting production to short periods and requiring extensive repairs and stabilization work.

• Production was halted multiple times due to technical failures, resulting in only 22 metric tons of pyrolysis oil produced and no sales in the quarter.

• Safety performance remained strong, with no Lost Time Injuries, despite incidents requiring first aid and a controlled shutdown.

• Strategic priorities for 2026 include restoring reactor reliability, executing cost reductions, and accelerating new site development.

• A €5.0 million private placement in December and a €0.5 million subsequent offering in January strengthened liquidity.

Financial highlights

• Q4 2025 revenues were €0, down from €781k in Q3 2025 and €41k in Q4 2024; full-year 2025 revenues reached €1.07 million.

• Q4 2025 net loss was €2.85 million, compared to a net loss of €3.53 million in Q4 2024.

• EBITDA for Q4 2025 was negative €3.42 million; EBIT was negative €3.24 million.

• Cash balance at year-end 2025 was €6.6 million, with a quarterly cash burn rate of approximately €3.0 million.

• An impairment charge of up to €13 million may be recognized, pending audit review.

Outlook and guidance

• 2026 is expected to be a pivotal year, focusing on improving production, reducing costs, and accelerating site development.

• No full-year production forecast is issued due to ongoing strategic reviews and operational uncertainties.

• A quarterly outlook will be provided once production stability and strategic direction are established.