PCTTU Overview

• Strong Business Momentum: CEO Dustin Olson stated that the business momentum entering 2026 is the strongest ever, with brand customer conversions accelerating and the P&G ramp underway, indicating significant growth potential in market demand.
• Production and Cost Control: The Ironton facility produced 8.4 million pounds of PureFive and processed approximately 10 million pounds of feedstock in Q1, with the planned turnaround completed ahead of schedule and 15% under budget, enhancing the company's production efficiency and profitability.
• Financial Performance: The company booked $4.1 million in revenue for Q1, marking its fifth consecutive quarter of growth, although it reported a net loss of $33.4 million compared to a net income of $8.8 million in the same quarter last year, reflecting the challenges and opportunities during the transformation process.
• Global Expansion Plans: The Thailand facility is on track for mechanical completion by the end of 2027 and operational commissioning in Q1 2028, with a total investment expected to be around $250 million, while the Belgium construction plan is also progressing, demonstrating the company's commitment to international market expansion.

• Conference Call Announcement: PureCycle Technologies will host a conference call on May 7, 2025, at 5:00 p.m. EDT to discuss recent corporate developments and first-quarter activities, with a live Q&A session for participants.

• About PureCycle Technologies: The company specializes in innovative plastic recycling technology that transforms polypropylene waste into a renewable resource, aiming to change the relationship with plastic through its patented process.

• Partnership for Recycling: PureCycle Technologies has partnered with Landbell Group to improve polypropylene plastic recycling in Europe, utilizing PureCycle's dissolution recycling process from its Ohio plant.

• European Plant Development: The collaboration will focus on recycling PP waste in Europe, with Landbell supplying household waste for PureCycle's new plant in Antwerp, Belgium, which is expected to have an annual capacity of 59,000 tonnes.

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