PureCycle Tech - CW26 | 8-K: FY2025 Q2 Revenue: USD 1.7 M

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

Segment Revenue

• PureCycle recognized revenue of approximately $1.7 million during the second quarter of 2025.
• Commercial agreement with Emerald Carpets for approximately 5 million pounds of fiber sales.

Operational Metrics

• PureCycle produced 3.4 million pounds of resin in the second quarter of 2025.
• Ironton produced 3.4 million lbs. of resin in Q2 and achieved 87% onstream time in April/May.
• Successfully completed a rate test at 14,000 pounds per hour on August 1, nearly nameplate capacity.

Cash Flow

• PureCycle raised $300 million from the issuance of Series B convertible perpetual preferred stock in June 2025.
• PureCycle sold $11.9 million of Southern Ohio Port Authority Exempt Facility Revenue Bonds, with gross proceeds of approximately $10.5 million.
• Unrestricted cash increased from $22.5 million on March 31, 2025, to $284.1 million on June 30, 2025, a change of $261.6 million.
• Restricted cash decreased from $15.0 million to $13.9 million, a change of -$1.1 million.

Unique Metrics

• PureCycle is developing a portfolio of PureFive Choice™ resin grades, including one-pellet solutions for food-grade film, injection molded, and thermoformed applications.
• The company is in post-trial negotiations for more than 15 applications with various converters or brand owners.
• PureCycle plans to recycle used trade show carpets into purified fiber-grade PureFive Choice™ resin.
• Earned GreenCircle Certified’s Recycled Content Certification for nearly 30 grades of PureFive™ resin.

Outlook / Guidance

• PureCycle plans to implement growth strategies following a successful $300 million capital raise, with expansion steps in Thailand and Belgium, and future facilities expected to house a Gen 2 Purification design with a planned capacity of more than 300 million pounds per year.
• The company anticipates increased sales in the second half of 2025, positioning it well for 2026.
• PureCycle aims to bring an additional one billion pounds of installed polypropylene recycling capability online before 2030.
• PureCycle aims to unlock a path to 1 billion pounds of installed capacity and $600 million EBITDA per year by 2030.
• The company intends to optimize its growth plan with Thailand operational by Q3 2027 and Antwerp by Q3 2028.
• PureCycle is engaging with global banks for potential project financing to support future growth initiatives.