Announcement • Jan 23
Pryme N.V. has completed a Follow-on Equity Offering in the amount of NOK 6.002832 million. Pryme N.V. has completed a Follow-on Equity Offering in the amount of NOK 6.002832 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,500,708
Price\Range: NOK 4
Transaction Features: Regulation S; Rights Offering Announcement • Jan 01
Pryme N.V. has filed a Follow-on Equity Offering in the amount of NOK 9.803288 million. Pryme N.V. has filed a Follow-on Equity Offering in the amount of NOK 9.803288 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,450,822
Price\Range: NOK 4 Announcement • Dec 04
Pryme N.V. has filed a Follow-on Equity Offering in the amount of €5 million. Pryme N.V. has filed a Follow-on Equity Offering in the amount of €5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 14,714,538
Price\Range: €0.3398
Transaction Features: Subsequent Direct Listing Announcement • Nov 29
Pryme N.V. Provides Production Status Update Pryme N.V. announced that during November 2025, the Company did not produce any pyrolysis oil on account of the production stop as communicated in the previous Pryme production status updates on 3 and 5 November 2025. The Company has evaluated the root cause of the failure of the reactor sleeve’s securing mechanism and it has decided to restore and secure the sleeve with an improved technical design. The implementation involves the delivery of customized components with lead times that will go beyond November 2025. The Company estimates to restart production not before the second half of December. Pryme will inform the market when production has been resumed for the continuation of its testing, debottlenecking and optimization program. The production forecast for Fourth Quarter 2025 of 600 mT of pyrolysis oil is no longer valid given the limited remaining time until the end of the year. Reported Earnings • Nov 06
Third quarter 2025 earnings released: €0.24 loss per share (vs €0.99 loss in 3Q 2024) Third quarter 2025 results: €0.24 loss per share (improved from €0.99 loss in 3Q 2024). Net loss: €3.48m (loss narrowed 27% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year whereas the company’s share price has fallen by 49% per year. Announcement • Sep 03
Pryme N.V. Appoints Gerardus Lemmers as Managing Director Pryme N.V. in its annual general meeting held on September 2, 2025 approved to appoint Mr. Gerardus Lemmers as managing director for the period starting September 3, 2025 and expiring at the end of annual general meeting of shareholders to be held in 2029. Announcement • Jun 20
Pryme Restarts Production Following the shutdown of the production at Pryme One, Pryme N.V.’s first plant, on April 29, 2025 due to a leak in the discharge valve, production was restarted on June 18th, 2025. Until the morning of June 19, 25 metric tons of pyrolysis oil was produced marking a successful restart of the production. New Risk • Feb 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€21m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (€61k revenue, or US$63k). Market cap is less than US$10m (kr107.0m market cap, or US$9.55m). New Risk • Nov 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr91.1m (US$8.24m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€31m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 65% per year over the past 5 years. Revenue is less than US$1m (€61k revenue, or US$64k). Market cap is less than US$10m (kr91.1m market cap, or US$8.24m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Sep 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€8.0m free cash flow). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (€32k revenue, or US$35k). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (kr366.0m market cap, or US$33.8m). Announcement • Jun 25
Pryme N.V., Annual General Meeting, Jun 10, 2025 Pryme N.V., Annual General Meeting, Jun 10, 2025. Announcement • Jun 23
Pryme N.V. to Report Fiscal Year 2024 Results on May 07, 2025 Pryme N.V. announced that they will report fiscal year 2024 results on May 07, 2025 New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€19m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€19m free cash flow). Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (kr514.5m market cap, or US$47.3m). Recent Insider Transactions • Mar 31
CEO & Chair of Management Board recently bought kr53k worth of stock On the 26th of March, Christopher Herve bought around 5k shares on-market at roughly kr10.60 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Announcement • Mar 27
Pryme N.V. has filed a Follow-on Equity Offering in the amount of NOK 139.402263 million. Pryme N.V. has filed a Follow-on Equity Offering in the amount of NOK 139.402263 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,672,933
Price\Range: NOK 11
Transaction Features: Subsequent Direct Listing New Risk • Feb 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€10m free cash flow). Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€20m net loss in 2 years). Shareholders have been diluted in the past year (47% increase in shares outstanding). Market cap is less than US$100m (kr430.6m market cap, or US$40.8m). Announcement • Feb 23
Pryme N.V. Completes Phase One of Its Production Ramp-Up of Pryme One Following the successful first oil production on January 19th, Pryme achieved a significant milestone by completing the first complete full process cycle i.e. producing pyrolysis oil by utilizing the complete plant process where plastic waste is supplied to an extruder which feeds the reactor before the gases produced in the reactor are condensed to pyrolysis oil. In more detail from the achievement, one of the extruders was automatically fed post-consumer plastic waste in the form of pellets from the storage bunker. The extrusion process converted the solid waste into melted plastic which was fed into the reactor through a pressurised melt pipe. Observed pressures in the extruder and the melt pipe were well within the designed operating range of the equipment. The extruder operated for more than four hours, supplying the reactor at 25% of its estimated 5-metric tons per hour capacity. During this process, the reactor maintained an internal edge temperature of above 600 and a core temperature of above 475 degrees Celsius, thereby demonstrating the capability of Pryme's electrically heated reactor to maintain accurate and adequate temperatures for the pyrolysis process. Throughout the cycle, the condensation unit received a steady flow of gas which was condensed into pyrolysis oil. This ultimately allowed for a desired overflow in condensation column leading to oil being transferred into the storage unit for the first time. The process concluded with a planned stop in production to perform an ash purge, marking the end of the first integrated process cycle. As stated in Pryme's January 19th, 2024 announcement, the gradual ramp-up of the plant will take place through three phases. Phase 1, which is now completed was finalized slightly before the original schedule. During the second phase, which started today, the company will focus on feeding the reactor with melted plastic through the two extruders via a melt pipe, the front-end of the production. The integration of the front- and back-end (reactor and condensation) processes is required in order to achieve high throughput production. The second phase is expected to continue into the third quarter with steadily increasing volumes. In the third phase, commencing after the completion of phase two, Pryme expects to perform production runs approaching the nameplate capacity of 40,000 metric tons of waste plastic input annually with aproduction output of 30,000 metric tons of pyrolysis oil. With the limited production output of phase two expect to commence commercial oil deliveries in the second quarter of 2024. Announcement • Jan 23
Pryme N.V. Initiates Production at its First Manufacturing Facility with Production of First Oil Pryme successfully initiated production at its first manufacturing facility with production of "first oil" on January 19, 2024. This marks the start of production and the first phase of development of the company's Rotterdam based plant, Pryme One. During the first phase, which is expected to run through January and February, Pryme will focus on the direct feeding of non-melted plastic waste into the reactor from varied specifications and sources, both post-industrial and post-consumer plastic waste. The operational objective of the first phase is to calibrate the oil condensation process, to efficiently manage non-condensable gases and to collect real-time production data in order to optimize the overall plant performance. Phase one will have very limited production volumes. Once the first phase is completed, the company will focus on feeding the reactor with melted plastic through the two extruders via a melt pipe, the front-end of the production. The integration of the front- and back-end (reactor and condensation) processes is required in order to achieve high throughput production. The second phase is expected to continue into the third quarter at which time phase three will commence. During phase three, Pryme expects to perform production runs approaching the nameplate capacity of 40,000 metric tons of waste plastic input annually with a production output of 30,000 metric tons of liquefied plastic waste. New Risk • Nov 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€10m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€13m net loss in 3 years). Shareholders have been diluted in the past year (47% increase in shares outstanding). Market cap is less than US$100m (kr476.6m market cap, or US$43.7m). New Risk • Aug 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€22m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€13m net loss in 3 years). Shareholders have been diluted in the past year (47% increase in shares outstanding). Market cap is less than US$100m (kr667.7m market cap, or US$62.3m). Major Estimate Revision • Aug 20
Consensus revenue estimates increase by 133% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from €3.09m to €7.19m. Forecast losses expected to reduce from -€0.152 to -€0.15 per share. Commercial Services industry in Norway expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at kr27.59. Share price fell 16% to kr14.22 over the past week. Announcement • Jun 14
Pryme N.V. Appoints Ferdinand Lupescu as CFO Pryme N.V. announced that Mr. Ferdinand Lupescu appointed as CFO. Ferdinand (Ferry) Lupescu (55), a Dutch citizen, is an experienced CFO who has served in various managerial and executive finance functions including divisional CFO for Vopak from 1999 until 2018. Since then, he was a divisional CFO for Mammoet, a company belonging to the SHV Group. He started his career as audit manager with KPMG followed by a corporate finance role for Louwman, one of the largest automotive dealership- and import-organizations in Europe. Ferry is a chartered accountant and holds university degrees in accounting and controlling from the Free University of Amsterdam and Nyenrode University in the Netherlands. The supervisory board has nominated Mr. Lupescu for appointment as managing director of Pryme N.V. by the AGM on 27 June 2023. Ferry assumed his responsibilities as CFO on June 1st, 2023. Major Estimate Revision • May 30
Consensus revenue estimates fall by 50% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €10.3m to €5.18m. Forecast losses increased from -€0.099 to -€0.124 per share. Commercial Services industry in Norway expected to see average net income growth of 19% next year. Consensus price target down from kr32.35 to kr31.15. Share price rose 12% to kr14.60 over the past week. Announcement • May 10
Pryme N.V. announced that it has received NOK 169.037484 million in funding from Infinity Recycling B.V., Invest-NL, LyondellBasell Industries N.V. On May 9, 2023, Pryme N.V. closed the transaction. The transaction included participation from new investors, Infinity Recycling B.V., Invest-NL, LyondellBasell Industries N.V. Announcement • Feb 16
Pryme Appoints Dominique Gemoets as Technology & Engineering Director Pryme appoints Mr. Dominique Gemoets as Technology & Engineering Director. Mr. Dominique Gemoets, a Belgian citizen, is an experienced process engineer holding over 20 years industry experience in PTA (purified terephthalic acid) technology & production with major global petrochemical companies. Dominique joined on February 13th bringing the right mix of operational & engineering experience to help mature Pryme’s unique advanced recycling technology. He holds a degree in Industrial Engineering from KU Leuven (De Nayer) Faculty of Engineering Technology. Announcement • Feb 11
Pryme N.V. Receives Final Approval for Advance Payment of Grant in the Amount of EUR 2.3 Million Under the Eu Horizon 2021 Program for its Participation in the Research and Innovation Project Electro Pryme previously announced its application for a grant under the EU Horizon 2021 program established by the European Commission to finance research and innovation activities. The Company is one of 12 consortium partners in Project ELECTRO including Ghent University in Belgium as the project coordinator. The EU granted the consortium an amount of EUR 14.2 million for the project that spans a EUR 21.4 million research and innovation program until September 2026. Pryme's share in the grant, as the largest consortium partner, is EUR 4.8 million, supporting its budgeted EUR 8 million project costs until September 2026 as part of its overall planned R&D research and innovation costs. Project activities have commenced. As all approval conditions have been met, Pryme expects to receive EUR 2.3 million within the next 14 days as a project pre-payment from the EU, through Ghent University, the project coordinator, to fund its research and innovation activities costs related to Project ELECTRO. Project ELECTRO targets demonstration of innovative technology concepts that link the waste and petrochemical industry and provide sustainable, low greenhouse gas footprint and scalable circular solutions for olefin and polyolefin production. Both Pryme's R&D center and Pryme's first production site in Rotterdam participate in the execution of the project activities. Announcement • Jan 26
Pryme N.V. Appoints Frans Vollering as Interim CFO Pryme has appointed Mr. Frans Vollering as interim CFO. The search for a permanent CFO is ongoing. Mr. Vollerg (57), a Dutctch citizen, is an experienced CFO in manufacturing, construction, project development and trading operations in B2B settings. Frans started his career with one of the Big 4 organizations and has an extensive background in audit and consultancy. He holds a degree in economics from Erasmus University in Rotterdam, the Netherlands, where he also earned his CPA certification. Announcement • Dec 24
Pryme N.V. to Report Q4, 2022 Results on Mar 31, 2023 Pryme N.V. announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Mar 31, 2023 Breakeven Date Change • Dec 02
Forecast breakeven date moved forward to 2022 The 2 analysts covering Pryme previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €214.2k in 2022. Earnings growth of 107% is required to achieve expected profit on schedule. Recent Insider Transactions • Jun 18
Key Executive recently bought kr12m worth of stock On the 16th of June, Boudewijn van Vliet bought around 1m shares on-market at roughly kr10.00 per share. This was the largest purchase by an insider in the last 3 months. This was Boudewijn's only on-market trade for the last 12 months. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Director Boudewijn van Vliet was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 