Announcement • Jun 03
MYCELX Technologies Corporation Announces Board and Committee Changes MYCELX Technologies Corporation announced the appointment of Torben Henrik Ployart Wetche, aged 69 as an independent Non-Executive Director and Chair of the Audit Committee, and as a member of the Compensation and Nomination & Governance Committees, effective July 1, 2026. Torben Wetche brought over three decades of financial leadership experience across global manufacturing, industrial, and distribution sectors. He had extensive experience as an operational Chief Financial Officer and board director, with a strong track record of delivering sustainable value creation, improving performance and leading international growth and strategic transformation across complex, global organisations. Over the course of his career, Torben Wetche led finance functions for businesses ranging from mid-market to over $1.0 billion in revenue, with operational footprints spanning the Americas, Europe, and Asia. He served in various CFO roles at organizations including STO Corp., SP Fiber Technologies, General Cable Corporation, Exal Corporation, Schweitzer-Mauduit International Inc., Performance Fibers, and CP Kelco U.S. Inc., operating across both private equity-backed and publicly listed environments. He also brought extensive board experience, most recently serving as Chair of Skyrise Prefab Solutions Inc., a Canadian prefabricated construction solutions company, where he led strategy development and national expansion. The company also announced that André Schnabl, who had served as a Non-Executive Director, Senior Independent Director and as Audit Committee Chair since January 2019, was stepping down from the Board with effect June 30, 2026. The company confirmed that arrangements had been made to ensure an orderly handover of responsibilities. The company also confirmed the appointment of Tom Lamb, Non-Executive Director, as Senior Independent Director with effect July 1, 2026. Current directorships and/or partnerships: Value Enhancement Partners LLC. Former directorships and/or partnerships (within the last five years): Skyrise Prefab Solutions Inc. Reported Earnings • May 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$0.014 (up from US$0.12 loss in FY 2024). Revenue: US$11.7m (up 140% from FY 2024). Net income: US$334.0k (up US$3.06m from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. 
