Purecycle Technologies, Inc. · NASDAQ:PCT
Purecycle Technologies — Q4 2025 Earnings Presentation
14 slides from Purecycle Technologies's earnings presentation, Feb 26, 2026
Slide 1: Fourth Quarter and Fiscal Year 2025 Corporate Update
Fourth Quarter and Fiscal Year 2025 Corporate Update February 26, 2026 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 11
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, including statements about the continued execution of PureCycle’s business plan, the expected results of tests and trials, the expected timing of commercial sales, and planned future updates. In addition, any statement
Slide 3: Changes to PureCycle Leadership team
Changes to PureCycle Leadership team DONALD DR. SIRI VALERIE MARS CARPENTER JIRAPONGPHAN Chief Financial Officer Director Director Carpenter served as VP of Finance Dr. Jirapongphan serves as Ms. Mars retired as Senior Vice from March 2022 through December independent director and Chairman President
Slide 4: PCT Highlights
PCT Highlights • Continued quarterly growth; produced record 7.5MM pounds of PureFive® in Q4 • Added 3rd shift to Denver; ramped production to 14MM lbs. of feedstock in Q4 (35% increase over prior high) Operations • Ironton CP2 compounding & 3rd Party Compounding online; Ironton product compounding
Slide 5: Production Improvements Continue in Denver and Ironton
Production Improvements Continue in Denver and Ironton Record Quarterly Growth in Denver & Ironton rPP Production (MM lbs.) 7.5 Denver 7.2 • Added 3rd shift and successfully increased throughput; Denver processed 44% more feed in Q4 vs. Q3 • Actively buying from 15+ feedstock suppliers each month, i
Slide 6: 2025 Produced Mixed Results; Poised for Strong 2026
2025 Produced Mixed Results; Poised for Strong 2026 Customers Faced Chaotic ‘25; Shifting to Growth in ‘26 2025 Wins 2025 Headwinds 2026 Outlook Internal Internal Emerging Theme • Tech successes in high-value applications • First-of-its-kind products require • Brands redirecting R&D to growth and •
Slide 7: Customer Validation Driving Revenue Inflection
Customer Validation Driving Revenue Inflection • Short-term revenue targets have been delayed, but the long-term prospects have strengthened • Eleven customers are actively pulling through and ramping; roughly half are branded and half are unbranded • 40-50MM lbs. at full ramp are still on track for
Slide 8: Continue to Improve Pipeline & Approach to Market
Continue to Improve Pipeline & Approach to Market • Continue to see flexible film and thermoform as key segments for PureCycle success • Broadly improved use of market intelligence and quality of the commercial team • Increased focus on application categories that are growing, gaining market share,
Slide 9: EPR & PCR Mandates Increasing Demand for rPP
EPR & PCR Mandates Increasing Demand for rPP EU PPWR (S) California Oregon (I) (10% source California SB54 Maine (I) Maryland (S) Washington (I) reduction) (20% source EPR Minnesota (S) Washington (S) Colorado (I) Thailand (I) Minnesota (I) reduction) 2024 2025 2026 2027 2028 2029 2030 2032 PCR New
Slide 10: Thailand on Track for 2027 Mechanical Completion
Thailand on Track for 2027 Mechanical Completion • Developing strong relationships with all key parties; suppliers, customers, banking, and government. • Feedstock is in abundance; closed LOIs for >1 plant capacity; more feedstock LOIs pending; visited numerous facilities • Local customers want our
Slide 11: Initial Gen-2 Design Work Encouraging
Initial Gen-2 Design Work Encouraging • Completed initial Gen-2 design work in early 2026 • No apparent tech constraint on up to 500MM lb. per year capacity plant • CAPEX/lb. continues to reduce; approaching $1.0 to $1.5/lb. depending on greenfield or brownfield sites • Operating efficiencies should
Slide 12: Financial Overview
Financial Overview Revenue & Operations Warrant Activity Capital & Investment Revenue Goals Series A Warrants Debt Repayment • Monthly revenue goal: get to • Extended to March 17, 2027 at • Repaid $20.3MM high-cost Ironton breakeven, then corporate reduced redemption of equipment debt in Q4 per sche
Slide 13: Q4 2025 Capital Usage & Liquidity
Q4 2025 Capital Usage & Liquidity Q3 Total Cash $247.3) Notes • Ongoing ops spend of $24.5M for Q4, in line with prior guidance Operations Cost (incl. Denver & (~$8-9MM/month) Feedstock) (14.2) • Debt Service includes $20.3MM equipment lease payoff + Corporate Expenses (10.3) $9.8MM bond principal p
Slide 14: Fourth Quarter 2025 Corporate Update
Fourth Quarter 2025 Corporate Update February 26, 2026 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 14 14
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