Pyrum Innovations saw its shares climb 15% to $0.24 after releasing its first‑half 2026 results. The stock remains well below its 52‑week high of $0.68 but above the low of $0.17. Analyst price targets from InvestingPro range between $35 and $65.
Revenue grew 37.6% year‑over‑year to EUR 1.7 million, driven by EUR 1.3 million from the recycling plant and EUR 350,000 from consulting services. Adjusted EBITDA was roughly flat, while EBIT fell 5.8%. Headcount expanded to 100 employees, up from 39, and personnel expenses rose 10.6%.
Full‑year 2026 guidance was revised lower, with revenue now expected between EUR 4.2 million and EUR 5.3 million. Total output is projected at EUR 11 million‑14 million, and EBIT is forecast as a loss of EUR 10 million‑12.5 million.
At the Dillingen plant, changes to reactor insulation lifted oil yield from 25% to 40% per tire. A two‑month test of a three‑shift schedule increased weekly production hours by 50%, targeting roughly 20 tons of recovered carbon black per day. A shaft failure caused a loss of about 1,000 tons of output, and annual maintenance was extended from two to four weeks after the incident. The replacement shaft cost EUR 120,000, and the plant built rubber‑granulate reserves equal to 20 production days. By mid‑September the plant held 1.6% of the German market, down from a 2% European footprint previously.
Internationally, Pyrum signed a contract and began foundation work on its first plant sale in the Czech Republic. Talks are ongoing for a project in Greece, and a second dosing system for the mill and pelletizer is expected in late November or early December.
CEO Pascal Langen emphasized the company’s shift from pure recycling to supplying critical raw materials, citing European resource independence as a strategic focus. He also highlighted the Czech plant sale as a validation of Pyrum’s technology and business model.
