Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 58-1954497 (IRS Employer Identification Number) 8302 Dunwoody Place, Suite 250, Atlanta, GA Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________to_________________ Commission File No. 001-11596 PERMA-FIX ...

Financial Data and Key Metrics Changes - The total revenue from continuing operations for Q2 2025 was $14.6 million, an increase of $600,000 or 4.3% compared to Q2 2024 [13] - Revenue in the Treatment Segment increased by $3.1 million or 36.6% year-over-year, driven by increased waste volumes and average prices [13] - Gross profit improved to $1.5 million from a loss of $1.3 million in the previous year, reflecting a positive impact from revenue increases and lower variable costs [14] - The net loss for the quarter was $2.7 million, an improvement from a net loss of $4.0 million in the prior year [17] - EBITDA from continuing operations was a negative $2.3 million, compared to negative EBITDA of $4.6 million last year [17] Business Line Data and Key Metrics Changes - The Treatment Segment saw a revenue increase of approximately 37% year-over-year, with waste receipts more than doubling to approximately $14 million [6][13] - The Services Segment experienced a revenue decrease of $2.5 million due to project delays and completion of large projects in the prior year [14] - The waste backlog at the end of June was approximately $13.2 million, up from $7.9 million at the end of the previous year [18] Market Data and Key Metrics Changes - Internationally, the company received over $7 million in waste receipts over the past two quarters, with strong interest from customers in Canada, Germany, Mexico, and Italy [10] - The company has a EUR50 million contract with the European Union in Italy, progressing through the permitting phase, with treatment operations expected to start in 2026 [10] Company Strategy and Development Direction - The company is focused on expanding treatment and PFAS backlogs, driving performance improvements, and converting large services and federal bid opportunities [48] - The operational investments made earlier in the year, combined with progress in the PFAS program and DOE segments, position the company for strong results in the coming quarters [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver stronger financial performance in the second half of the year, supported by progress achieved [49] - The company remains optimistic about the long-term outlook for the DF Law facility, which is expected to provide substantial recurring revenue once operational [7][12] Other Important Information - The Department of Energy announced a delay in the DF Law facility startup from August 1 to as late as October 15, but management remains confident in the timeline [7][24] - The company is pursuing several large-scale federal and commercial procurement opportunities, representing over $200 million in potential contract value [11] Q&A Session Summary Question: Challenges and improvements in the treatment segment - Management discussed technical challenges that limited production capacity early in the quarter but noted that these issues have been resolved through automation and process improvements [20] Question: Timeline for DF Law facility startup - Management indicated confidence that the facility would enter operational phase before the end of the calendar year, following a hot commissioning period [24] Question: Expectations for the services segment and West Valley project - Management acknowledged delays in the services segment due to federal procurement timing but expects improvement in the upcoming quarters [30] Question: Revenue expectations from DF Law ramp-up - Management estimated potential revenue of $2 million to $3 million per month once operations begin, with a ramp-up to 70-80% capacity over the next 18 months [38] Question: Details on the Navy contract - Management provided insights into the $240 million RadMAC III IDIQ contract, emphasizing the competitive nature of task orders and the company's core competencies in radiological remediation [43]

ATLANTA, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced the expansion of its proprietary PFAS (per- and polyfluoroalkyl substances) treatment technology to address a broader range of contaminated waste streams beyond AFFF (aqueous film-forming foam) materials including PFAS concentrate collected from leachate and waste water. This milestone follows successful trials and marks a significant step in the Company’s mission to provide compr ...

Company Overview - Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a nuclear service and waste management company based in Atlanta, Georgia, specializing in the treatment, processing, and disposal of nuclear and low-level radioactive waste [1] Business Segments - The company operates in two main segments: Treatment and Services, catering to a diverse customer base [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-11596 PERMA-FIX ENVIRONMENTAL SERVICES, INC. (Exact name of registrant as specified in its charter) Delaware 58-1954497 (State or other jurisdic ...

Financial Data and Key Metrics Changes - Total revenue for the first quarter was $13.9 million, a slight increase of 2.2% from $13.6 million in the prior year [16] - Gross profit for the quarter was $657,000, compared to a gross loss of $620,000 in Q1 of the previous year [17] - Net loss for the quarter remained consistent at $3.6 million, with a loss per share of $0.19 compared to $0.26 in the prior year [17][18] Business Segment Data and Key Metrics Changes - Treatment Segment revenue increased by $477,000 or 5.5% year over year, driven by higher waste volumes received and processed [16] - Services Segment revenue decreased by $175,000 due to delays in federal procurement activity [16][8] - Gross profit in the Treatment Segment improved due to higher revenue and lower variable costs, while the Services Segment saw a significant improvement in gross margins [17][8] Market Data and Key Metrics Changes - Waste backlog grew to over $10 million, up approximately 30% from the previous year [6][19] - International waste receipts improved, with approximately $7 million worth of waste received from Canada, Mexico, and Germany [11] Company Strategy and Development Direction - The company is focusing on expanding its PFAS program, which is seen as a long-term growth driver due to increasing state regulations [9] - Strategic partnerships are being developed to enhance international presence and diversify revenue streams [13] - The company anticipates stronger performance in the second half of 2025, supported by key growth drivers including waste treatment backlog and federal procurement visibility [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the federal budget, indicating no significant cuts to the Hanford project and potential increases in funding for waste remediation [23][24] - The company is seeing a significant increase in waste receipts from Hanford, with expectations of continued treatment for several years [26][28] - Management remains confident in the upcoming DF Law program and its potential to generate high-margin recurring revenue [10] Other Important Information - The company is making targeted investments to support new waste receipts, including staffing and facility readiness [7] - The new EPA Administrator's focus on PFAS remediation is viewed positively, potentially driving demand for the company's technology [10][42] Q&A Session Summary Question: Impact of the 2026 federal budget on 2025 and 2026 - Management noted that the proposed budget is favorable, with no reduction in Hanford funding and a significant increase in the NNSA side, which could lead to more remediation projects [23][24] Question: Current waste receipts from Hanford - Management confirmed receiving $2 million to $3 million a month from Hanford, significantly higher than in the past [26] Question: Margins from Hanford contracts - Management refrained from discussing specific margins but emphasized traditional margins and cost management efforts [27] Question: Update on grouting and near-term priorities - Management indicated that DOE is expected to provide clarity on their strategy by December 2025, with optimism about the company's role in the grouting program [35][36] Question: Contribution from the second-generation PFAS unit - Management expects the new system to generate approximately $1 million a month initially, with long-term goals of $20 million a year [39][40] Question: Status of services and RFPs - Management reported an increase in project opportunities and a clearer path forward for the West Valley project, with expectations for more clarity in the coming months [44][47] Question: CapEx priorities for the year - Management anticipates CapEx in the range of $5 million to $6 million, focusing on sustaining operations and the second-generation reactor [48] Question: Commentary on competition and market dynamics - Management acknowledged competition but expressed confidence in securing a significant portion of the waste due to local operations and community ties [84]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $13.9 million, a slight increase of 2.2% from $13.6 million in Q1 2024 [16] - Gross profit for the quarter was $657,000, compared to a gross loss of $620,000 in Q1 2024 [17] - Net loss for the quarter remained consistent at $3.6 million, with a loss per share of $0.19 compared to $0.26 in the prior year [17] - EBITDA from continuing operations was a negative $3.3 million, an improvement from a negative $4.0 million last year [18] Business Segment Data and Key Metrics Changes - Treatment Segment revenue increased by $477,000 or 5.5% year over year, driven by higher waste volumes received and processed [16] - Services Segment revenue decreased by $175,000 due to delays in federal procurement activity [17] - Gross profit in the Treatment Segment increased by $302,000, while gross profit in the Services Segment increased by $975,000 due to lower variable costs [17] Market Data and Key Metrics Changes - Waste backlog grew to over $10 million by quarter end, up approximately 30% from 2024 [6] - International waste receipts improved, with approximately $7 million worth of waste received from Canada, Mexico, and Germany [11] Company Strategy and Development Direction - The company is focusing on expanding its PFAS program, with significant advancements and commercial shipments from the federal government [9] - Strategic partnerships are being developed to enhance capabilities in PFAS destruction technology [9] - The company aims to diversify revenue through international expansion and strategic partnerships, particularly in Europe and Latin America [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stronger performance in the second half of 2025, supported by key growth drivers including waste treatment backlog and federal procurement visibility [14] - The company is encouraged by the proposed federal budget, which is expected to favorably impact revenue from the DOE [22][23] - Management noted that the operational readiness for the DF Law program at Hanford is on track for an August 1 start, which could lead to significant high-margin recurring revenue [10] Other Important Information - The company is making targeted investments to support new waste receipt capabilities, including staffing and facility readiness [6] - The new EPA Administrator's focus on PFAS remediation is seen as a positive development for the company's future prospects [10] Q&A Session Summary Question: Impact of the 2026 federal budget on 2025 and 2026 - Management indicated that the proposed budget is favorable, with no reduction in Hanford funding and a significant increase in the NNSA side, which could lead to more remediation projects [22][23] Question: Current waste receipts from Hanford - Management confirmed receiving $2 million to $3 million a month from Hanford, significantly higher than in the past [25] Question: Margins from Hanford contracts - Management did not disclose specific margins but emphasized a focus on cost management and operational efficiency [26] Question: Update on grouting and near-term priorities - Management stated that DOE is expected to inform the state of their strategy by December 2025, with optimism about the company's role in the grouting program [34] Question: Contribution from the second-generation PFAS unit - Management expects initial revenue from the new unit to be around $1 million a month, with long-term goals of $20 million a year [39] Question: Update on services and project opportunities - Management noted an increase in project opportunities, particularly in the $20 million to $40 million range, and a positive outlook for upcoming bids [43] Question: CapEx priorities for the next quarters - Management anticipates CapEx in the range of $5 million to $6 million, focusing on sustaining operations and the second-generation reactor [47] Question: Commentary on competition and market dynamics - Management acknowledged competition but expressed confidence in securing a significant portion of the waste due to local operations and community ties [86]

Improved gross margins and rising backlog driven by increased waste receipts Strategic investments expected to position the Company for stronger performance in the second half of 2025 ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the first quarter ended March 31, 2025. "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President ...

Contacts: David K. Waldman-US Investor Relations Crescendo Communications, LLC (212) 671-1021 The 11th Annual Waste & Environmental Services Symposium draws companies with a focus on the themes of waste, water treatment, and the environment. This timely conference will feature presentations by senior management of leading companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. To register to attend the symposium, please follow this link. About Perma-Fix Environmental Se ...

Contacts: David K. Waldman-US Investor Relations Crescendo Communications, LLC (212) 671-1021 Herbert Strauss-European Investor Relations herbert@eu-ir.com +43 316 296 31 The 11 Annual Waste & Environmental Services Symposium draws companies with a focus on the themes of waste, water treatment, and the environment. This timely conference will feature presentations by senior management of leading companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. About Perma-Fix Env ...