PureCycle Tech - Unit | 8-K: FY2025 Q2 Revenue: USD 1.7 M

Revenue: As of FY2025 Q2, the actual value is USD 1.7 M.

Revenue

• PureCycle Technologies recognized revenue of approximately $1.7 million during the second quarter of 2025.

Cash Flow

• Unrestricted cash increased from $22.5 million on March 31, 2025, to $284.1 million on June 30, 2025, marking a change of $261.6 million.
• Restricted cash decreased from $15.0 million to $13.9 million, a change of -$1.1 million.
• Total cash increased from $37.5 million to $298.0 million, a change of $260.5 million.

Bonds and Capital Raise

• PureCycle sold $11.9 million of Southern Ohio Port Authority Exempt Facility Revenue Bonds, with gross proceeds of approximately $10.5 million.
• Raised approximately $300 million from the issuance of Series B Convertible Perpetual Preferred Stock.

Operations

• PureCycle produced 3.4 million pounds of resin in the second quarter of 2025.
• The Ironton facility achieved 87% onstream time in April and May and completed a rate test at 14,000 lbs/hr on August 1, 2025, nearing nameplate capacity.

Unique Metrics

• Engaged in 17 post-trial negotiations representing approximately 80 million pounds of potential cumulative annual production volume.
• Initiated a project to add approximately 100 million pounds of annual compounding capacity to the Ironton facility.

Outlook / Guidance

• PureCycle plans to expand its facilities in Thailand and Belgium, with future facilities expected to house a Gen 2 Purification design with a planned capacity of more than 300 million pounds per year, aiming for an installed capacity of one billion pounds by 2030.
• The company anticipates a 40% reduction in unit costs in Thailand and a 50% reduction for Gen 2 designs.
• PureCycle continues to advance through the qualification process with Procter & Gamble, with products planned to be in production by the end of 2025 and in stores in early 2026.