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Eurobattery Minerals
Eurobattery Minerals (BAT) investor relations material
Eurobattery Minerals Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary20 Feb, 2026
Executive summary
Advanced two key mining projects in Spain and Finland, securing a 30-year mining licence extension for San Juan and progressing environmental and strategic applications for Hautalampi.
Submitted applications for EU Strategic Project status under the Critical Raw Materials Act for both projects, reinforcing alignment with European supply chain goals.
Strengthened ESG commitments, with FinnCobalt Oy completing a Towards Sustainable Mining audit and preparing a standalone sustainability report.
Transitioned from exploration to near-term revenue generation with investment in San Juan and commencement of pilot plant construction.
Financial highlights
Net sales remained at SEK 0 for both Q4 and full year 2025, unchanged from 2024.
Operating loss after financial items improved to SEK -5,834 thousand in Q4 (Q4 2024: SEK -7,999 thousand) and SEK -21,559 thousand for the year (FY 2024: SEK -24,954 thousand).
EBITDA for Q4 was SEK -5,362 thousand (Q4 2024: SEK -4,628 thousand); full year EBITDA was SEK -16,648 thousand (FY 2024: SEK -22,045 thousand).
Cash and cash equivalents at year-end were SEK 2,151 thousand (2024: SEK 796 thousand); equity increased to SEK 130,383 thousand (2024: SEK 119,170 thousand).
Cash flow from operating activities for the year was SEK -24,316 thousand (FY 2024: SEK -24,097 thousand); financing activities provided SEK 30,492 thousand.
Outlook and guidance
Focus remains on advancing permitting and construction at San Juan and Hautalampi, with production at San Juan targeted for H2 2026.
Awaiting updates on the Environmental Permit Application for Hautalampi in 2026.
Strategic Project status under CRMA could unlock further support and funding.
Hautalampi CRMA reapplication EIA improvements?
San Juan pilot plant design status and H2 2026 cash flow?
Current cash runway given burn rate and project funding?
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Next Eurobattery Minerals earnings date
Q1 202620 May, 2026
Eurobattery Minerals
Next Eurobattery Minerals earnings date
Q1 202620 May, 2026
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Frequently asked questions
Eurobattery Minerals AB is a Sweden-based mining company focused on the exploration and development of battery mineral resources. The company’s projects target sustainable extraction of key materials, such as nickel, cobalt, and copper, which are essential for the production of electric vehicle batteries and renewable energy storage systems. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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