Pyrum Innovations (PYRUM) Q1 2026 earnings summary

Executive summary

• Revenue doubled year-over-year to €1.03 million, driven by higher consulting and engineering services and expanded plant operations.

• Net loss widened to €3.74 million from €0.88 million year-over-year, mainly due to lower investment grants and higher operating costs.

• Major milestones include the start of regular operations at the new milling and pelletizing plant and Continental's approval for rCB deliveries.

Financial highlights

• Revenue: €1.03 million (Q1 2026) vs. €0.51 million (Q1 2025).

• EBITDA: €-2.42 million (Q1 2026) vs. €0.02 million (Q1 2025); EBIT: €-3.38 million (Q1 2026) vs. €-0.53 million (Q1 2025).

• Net income: €-3.74 million (Q1 2026) vs. €-0.88 million (Q1 2025).

• Cash and cash equivalents: €11.08 million as of March 31, 2026, down from €17.01 million at year-end 2025.

• Equity ratio: 39.2% as of March 31, 2026, down from 41.6% at year-end 2025.

Outlook and guidance

• 2026 revenue forecast: €6.5–9.5 million; total output: €12–18 million.

• EBIT expected between €-8.0 million and €-10.5 million for the group.

• Balanced EBITDA targeted for 2027.

• Growth depends on securing additional financing and successful ramp-up of new facilities.