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PyroGenesis reports 2025 revenue drop, advances plasma tech, and secures key contracts for industrial and defense sectors.

Company Fundamentals
30 Mar 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

PyroGenesis Inc. announced its 2025 financial results showing a 19.6% revenue decline to $12.57 million and a net loss of $14.8 million amid volatile market conditions. Despite financial setbacks, the company made significant technological progress in plasma torch efficiency, achieving energy savings up to 80% in industrial trials, and expanded into new sectors like radioactive waste and lithium battery recycling. It secured major contracts with global leaders in aluminum and cement industries and signed a defense agreement for chemical weapons destruction technology. Looking ahead, PyroGenesis focuses on converting technological advances into improved financial performance while navigating macroeconomic uncertainties and pursuing diverse industrial applications.

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