The earnings call presented a mixed outlook with strong backlog and significant project completions and advancements, particularly in the fumed silica reactor and Tata Steel project. However, this is counterbalanced by a notable decline in revenue and gross margin, along with specific challenges in torch sales and titanium metal powders.

Company Guidance

During the PyroGenesis Third Quarter 2025 Business Update Conference Call, the company provided various financial metrics and insights into its performance and strategic direction. The company reported revenues of $3.25 million for Q3 2025, marking an 18.7% decrease year-over-year. The gross margin for the quarter was 24%, compared to 42% the previous year, although the nine-month margin improved to 35% from 31% in 2024. The company's backlog stood at $51.6 million, indicating a strong future revenue outlook. In terms of industry-specific margins, aluminum sector margins were at 10.4%, aerospace and defense at 11.6%, iron and steel at 25%, and both metal mining and industrial machinery at 38%. PyroGenesis highlighted its focus on innovation across its three business verticals: energy transition, materials production, and waste processing, with notable contracts in plasma torch technology and fumed silica production. The call also addressed the company's strategic efforts and responses to investor queries, emphasizing its ongoing commitment to leveraging its expertise in ultra-high temperature processes to drive growth.

Strong Backlog

PyroGenesis' backlog stands at $51.6 million, indicating a strong order book with future revenues expected to be recognized over the next three years.

Contract with Constellium

Signed a contract for plasma torch technology with Constellium, marking the launch of the Phase 2 industrial implementation portion of their collaboration agreement.

Fumed Silica Reactor Progress

Significant progress in the fumed silica reactor pilot plant with improved quality, purity, and consistency of the material, bringing it closer to commercialization.

Completion of Tata Steel Project

Completed a $9.3 million coke oven gas valorization and hydrogen production project for Tata Steel, now in continuous operation.

Decrease in Operating Expenses

SG&A expenses decreased significantly, with major reductions in employee compensation and professional fees.

PyroGenesis Canada (TSE:PYR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:PYR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 27, 2026	2025 (Q4)	- / -	0.001	―	―	―
Nov 12, 2025	2025 (Q3)	- / -0.01	-0.021	42.86% (<+0.01)	―	―
Aug 07, 2025	2025 (Q2)	- / -0.02	0.008	-300.00% (-0.02)	―	―
May 14, 2025	2025 (Q1)	- / -	-0.025	―	―	―
Apr 01, 2025	2024 (Q4)	- / -0.02	-0.025	12.00% (<+0.01)	―	―
Nov 07, 2024	2024 (Q3)	- / -0.02	-0.035	40.00% (+0.01)	―	―
Aug 07, 2024	2024 (Q2)	- / <0.01	-0.036	122.22% (+0.04)	―	―
May 14, 2024	2024 (Q1)	- / -	-0.035	―	―	―
Apr 02, 2024	2023 (Q4)	- / -0.03	-0.035	28.57% (+0.01)	―	―
Nov 10, 2023	2023 (Q3)	- / -0.04	-0.024	-45.83% (-0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:PYR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2025	C$0.20	C$0.21	+5.00%
Aug 07, 2025	C$0.40	C$0.36	-10.00%
May 14, 2025	C$0.48	C$0.48	0.00%
Apr 01, 2025	C$0.50	C$0.51	+2.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does PyroGenesis Canada Inc (TSE:PYR) report earnings?

PyroGenesis Canada Inc (TSE:PYR) is schdueled to report earning on Mar 27, 2026, TBA (Confirmed).

What is PyroGenesis Canada Inc (TSE:PYR) earnings time?

PyroGenesis Canada Inc (TSE:PYR) earnings time is at Mar 27, 2026, TBA (Confirmed).

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