PureCycle Tech - Unit | 8-K: FY2025 Q3 Revenue: USD 2.4 M

LB filings
2025.11.06 21:37
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Revenue: As of FY2025 Q3, the actual value is USD 2.4 M.

Segment Revenue

During the third quarter of 2025, PureCycle Technologies, Inc. grew recognized revenue to approximately $2.4 million. The Ironton Facility produced a record 7.2 million pounds of pellets in the third quarter, nearly equal to the amount produced in the first half of 2025. September production reached 3.3 million pounds, setting a new monthly record.

Operational Metrics

Unrestricted Cash Use Highlights (in MM): Operations (incl. Feedstock & Denver): - $16.5 million; Corporate Expenses: - $9.3 million; Projects & Other Capital Market Activities: - $7.5 million. Debt Service (in MM): Debt Service (incl. $1.9M non-recurring debt service from CSC Payoff): - $12.9 million; June capital raise fees: - $6.0 million. Summary of Cash Changes (in MM): June 30, 2025: $284.1 million; September 30, 2025: $234.4 million; Change: - $49.7 million. Restricted Cash: June 30, 2025: $13.9 million; September 30, 2025: $12.9 million; Change: - $1.0 million. Total Cash: June 30, 2025: $298.0 million; September 30, 2025: $247.3 million; Change: - $50.7 million.

Unique Metrics

PureCycle finalized the development of the PureFive™ product portfolio for the commercialization of the Ironton Facility, providing drop-in solutions for various applications such as food-grade flexible film, thermoforming, injection molding, and textile applications. The company expects to begin shipping PureFive™ resin for a top five global quick service restaurant in the fourth quarter of 2025. PureCycle earned APR Recycled Content Certification and received REACH Certification, allowing PureFive™ sales into Europe and enabling EU customer qualifications.

Outlook / Guidance

PureCycle expects to complete the installation of the Ironton compounding operations by the end of the year, enabling the production of approximately 100 million annual pounds of single-pellet solutions for customers. The final engineering of the Company’s first Gen-2 purification design is expected to be finished in the first half of 2026, with annual capacity expected to fall between 300 million and 500 million pounds. PureCycle’s application for a €40 million grant from the Innovation Fund has been accepted, and construction in Europe is expected to begin shortly after permits are approved. PureCycle expects to start commercial sales for the first P&G application in Q4 2025, and white thermoformed coffee lids made with PureFive™ resin are expected to ship for a top 5 global QSR in Q4 2025.

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