PCYO News & Events

Pure Cycle Corporation announced that a new independent director, Daniel Roller, was appointed to its Board of Directors, effective January 14, expanding the Board from 7 to 8 directors. This appointment, made in cooperation with Maran Capital Management, which beneficially owns approximately 14.7% of Pure Cycle's common shares, further strengthens the Board and adds new skillsets and capabilities. In connection with this appointment, the Board will form a Strategy and Capital Allocation Committee, to be chaired by Mr. Roller. Pursuant to a cooperation agreement, Maran has agreed to a customary standstill, voting and other provisions. Roller is the Founder, President and CIO of Maran Capital Management.

Reports Q1 revenue $9.14M vs. $5.75M last year. "We are pleased to welcome two new national home builders to our portfolio of customers Pulte Group and Oakwood who together with our other builders including Lennar, DR Horton, KB, Taylor Morrison, and Challenger are producing some of the finest entry level homes in the Denver metropolitan area. Sky Ranch continues to rank as one of the most affordable master planned communities in Denver. This year also brings the start of construction for our Charter High School, scheduled to open in the fall of 2026, which will bring a full K-12 school campus to Sky Ranch. We are grateful for our continued partnership with National Heritage Academy as our Charter operator at Sky Ranch and having a walkable school campus for our community," commented Mark Harding, CEO of Pure Cycle. "We look forward to investing in improvements in 2026 such as beginning construction of a new interchange at I-70 which will allow continued expansion of the remaining residential phases as well as our valuable commercial opportunities at Sky Ranch," continued Harding.

Reports Q2 revenue $4M vs. $3.2M last year. "Second quarter is a seasonally slow quarter due to our Colorado winters making field construction challenging. That said we have a record number of lots under construction and have made substantial progress through the winter months towards delivering these lots," commented Mark Harding, CEO of Pure Cycle. "Our entry level market segmentation and our developing finished lots for our homebuilder customers continues to differentiate us in the market and bolster our value proposition to our homebuilder customers," continued Harding.