PureCycle Technologies Third Quarter 2025 Corporate Update

Core Insights - PureCycle Technologies, Inc. reported continued growth in Q3 2025, with a record production of 7.2 million pounds of pellets at the Ironton Facility, matching the first half of 2025's output [2][3] - The company is experiencing increased momentum with brand owners and converters moving from trials to purchasing PureFive™ resin, leading to a comprehensive product portfolio [2][5] Operations Update - A record amount of PureFive™ resin was produced in Q3, including a monthly record of 3.3 million pounds in September [3] - PureCycle plans to enhance feedstock processing and production at the Ironton Facility through the end of the year [3][4] Expansion Plans - The installation of Ironton compounding operations is expected to be completed by year-end, enabling production of approximately 100 million pounds of single-pellet solutions annually [4] - The Thailand project is progressing, with Letters of Intent signed for over 100 million pounds annually, aiming for mechanical completion in 2027 [8] Commercial Developments - PureCycle has finalized the PureFive™ product portfolio for commercialization, providing solutions for various applications including food-grade flexible film and injection molding [5] - The company is building a sales pipeline with top converters and brand owners, including Fortune 100 companies, and anticipates shipping PureFive™ resin to a top global quick service restaurant in Q4 2025 [6] Financial Performance - PureCycle's recognized revenue grew to approximately $2.4 million in Q3 2025 [9] - The company has received acceptance for a €40 million grant application from the EU's Innovation Fund, moving to the negotiation phase [9]