PureCycle Technologies Inc (PCT) Q3 2025 Earnings Call Highlights: Record Production and ...

This article first appeared on GuruFocus.

Release Date: November 06, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

PureCycle Technologies Inc (NASDAQ:PCT) has made significant operational progress, with record production levels at both the Ironton and Denver facilities. The company is expanding its board with the addition of Dr. Siri Jirapongpan, who brings extensive expertise in polymers and a strong network in Southeast Asia. PCT has secured a proposal acceptance from the EU Innovation Fund, potentially receiving up to 40 million, which will support their Antwerp project. The company is making strides in commercializing its products, with plans to ship to major brands like Procter & Gamble and quick service restaurants (QSRs) in the near future. PCT is successfully developing high-value applications, such as white thermoform coffee lids, which have garnered interest from top QSRs and snack brands.

Negative Points

There have been delays in the rollout of some projects due to regulatory dynamics and mergers among large global converters. The company faces challenges in the fragmented fiber market, which has a long brand adoption cycle. PCT's automotive applications, while promising, are not expected to ramp up quickly in the next 1-2 years. The company is still in the process of securing financing for its Thailand project, which could impact timelines. There is uncertainty around the exact timing of ramping up production and sales, which could affect financial projections.

Q & A Highlights

Warning! GuruFocus has detected 5 Warning Signs with PCT. Is PCT fairly valued? Test your thesis with our free DCF calculator.

Q: Can you provide details on the interest from QSRs and why they are so interested in PureCycle's products? A: Dustin Olsson, CEO: The interest from QSRs is driven by their focus on sustainability and brand value. Our Denver facility processes a significant amount of QSR material, and when these companies see their products being recycled into new items like coffee lids, it resonates with them. The excitement grew once we demonstrated the effectiveness of our white thermoform and film brands.

Q: What is the plan for the co-product from the purification process? Will it be sold or used internally? A: Dustin Olsson, CEO: We plan to do both. We will compound the co-product into a pellet form for easier customer use, primarily at Ironton. This approach will lead to higher revenue from co-product sales and lower net feedstock costs.

Q: Can you explain the significance of the EIF grant for your European growth projects? A: Dustin Olsson, CEO: The EIF grant shows confidence in our technology and reduces the overall CapEx for the project, enhancing its value to shareholders. It reflects Europe's interest in sustainability and supports our efforts to scale our technology.

Story Continues

Q: How do you view the potential for co-product monetization in new markets? A: Dustin Olsson, CEO: The concept of purification co-products is applicable globally. Our co-products, like the waxy type product, have growing application opportunities. The ecosystem we're building will create value chain options and reduce yield loss, enhancing overall value creation.

Q: What is the expected financial impact of your shipments in Q4, and how quickly do you expect to ramp up production levels? A: Dustin Olsson, CEO: While pinpointing exact timing is challenging, we are focused on shipping and growing with customers in Q4 and Q1. We aim for an 8 million target per month by the end of Q1 and into Q2. The sales funnel is strong, with major global brands engaged, ensuring long-term customer relationships.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

View Comments