Revenue Growth and Margin Improvement
Perma-Fix reported sequential and year-over-year revenue growth in the second quarter, with a significant improvement in gross margin. The Treatment segment saw a 37% increase, and waste receipts doubled to $14 million in Q2 2025.
Significant Contracts and Opportunities
Perma-Fix was awarded a position on the Navy's $240 million RADMAC III IDIQ contract. The company is also part of the BWXT-led team for the West Valley project and is pursuing opportunities with the U.S. Army Corps of Engineers and DOE National Laboratories, which could amount to over $200 million.
International Expansion
The company received over $7 million in waste receipts internationally and has a EUR 50 million contract with the European Union in Italy. Treatment operations are set to begin in 2026.
PFAS Technology Progress
Strong progress in PFAS technology with expanded demonstration activities and $500,000 in sales. Construction of a Gen 2 system in Oak Ridge is underway, designed to handle 3,000 gallons per day.