Recyclus Achieves First Positive Cash Flow and Accelerates Growth in UK Lithium-Ion Battery Recycling

Sep 9, 2025 | Company Announcements

We are pleased to share recent operational milestones and growth highlights.

  • First Positive Cash Flow: July 2025 marked Recyclus’s first month of positive cash flow, a key step towards long-term operational sustainability.
  • Revenue Growth: Substantial year-on-year revenue increase in 2024/2025, reflecting the ramp-up at our Wolverhampton lithium-ion (Li-ion) recycling facility and an expanding client base across sectors.
  • Black Mass Production: Between March and July 2025, Recyclus delivered 202 tonnes of black mass to Glencore plc under its offtake agreement. Current throughput exceeds 35 tonnes per month, above the minimum 20 tonnes agreed, with plans under evaluation to enhance value recovery through additional plant installation.
  • Project COMET: Recyclus, via LiBatt Recycling Ltd, is collaborating with Mint Innovation, JLR, and WMG, University of Warwick, on a three-year initiative to develop UK-based black mass separation capability. The £8.1m project is jointly funded by the Department for Business and Trade and industry partners.
  • Funding Support: A £1.1m facility from Close Brothers Group plc provides additional backing for growth and operational expansion.
  • Expanding Client Base: Recyclus now serves leading retailers, global automotive OEMs, and industrial groups, reinforcing the strength of our cradle-to-cradle Li-ion battery recycling solution.

Alex Stanbury, CEO and Co-Founder of Recyclus Group, said:

“Recyclus is well-positioned to build on its excellent progress in increasing production and generating revenues from the sale of black mass, which enabled the company to reach its first monthly cash flow positive position in July 2025. The recently secured loan arrangement with Close Brothers strengthens the financial stability of the company. With a strong pipeline of opportunities, Recyclus is continuing to reinforce its leadership position in the rapidly evolving industry for lithium-ion battery recycling.”

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