PyroGenesis Inc (OTCPK:PYRGF)

Q4 2025 PyroGenesis Inc Earnings Call Transcript

Mar 31, 2026 / 04:00PM GMT

Release Date Price: $0.3989 (+2.41%)

Transcript

Key Points

Positve

PyroGenesis Inc (PYRGF) reported a strong backlog of $47.8 million, indicating a robust pipeline of future projects.
The company secured a $1.3 million contract with a European cement industry customer for a plasma torch system, showcasing its expansion in the energy transition vertical.
PyroGenesis Inc (PYRGF) achieved significant technological advancements, including plasma torches with up to 45% energy savings compared to diesel burners.
The company made inroads into new industries such as radioactive waste processing and lithium battery recycling, diversifying its market presence.
PyroGenesis Inc (PYRGF) saw progress in its titanium metal powders business, with several orders and the creation of a new market for off-cut powder.

Negative

Revenue for Q4 2025 decreased by 21% year over year to $3.3 million, reflecting challenges in achieving sales targets.
Gross margin for the fourth quarter dropped significantly to 17% from 41% a year earlier, indicating increased material costs and project cost adjustments.
The company reported a comprehensive loss of $4.9 million for Q4 2025, compared to a $0.1 million income in Q4 2024.
Sales for the full year 2025 decreased by 19.6% year over year to $12.57 million, highlighting ongoing revenue challenges.
Operating expenses remained high, with selling, general, and administrative expenses totaling $5.8 million in Q4 2025, impacting profitability.

Operator

Good day, everyone, and welcome to PyroGenesis fourth quarter and fiscal year 2025 financial results and business update conference call. (Operator Instructions).

Now it's my pleasure to turn the call to the Vice President of Corporate Affairs, Steve McCormick. Please proceed.

Steve McCormick

PyroGenesis Inc - Vice President of Corporate Affairs

Thank you, Herman, and good morning to everyone. I'm Steve McCormick, Vice President of Corporate Affairs for PyroGenesis. Thank you for joining PyroGenesis 2025 fourth quarter and full year financial results and business update conference call. On the call with me today is Mr. Andre Mainella, the company's Chief Financial Officer; and Mr. Peter Pascali, the President and CEO of PyroGenesis.

The company issued a press release on Monday, March 30, 2026, containing the financial results and a business update for the fourth quarter and full year ended December 31, 2025, which can be viewed on the company's website at pyrogenesis.com. If you have any questions after the call or would like any additional

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