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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Minesto
Minesto (MINEST) investor relations material
Minesto Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M 2026 operating costs fell and operating and net losses narrowed; commercial priorities include first arrays in Ireland and the Faroe Islands, plus microgrid opportunities.
Euro Dragon Farm was selected for EUR 20.2m in EU Innovation Fund support for a planned 10 MW Irish array; a proposed SEK 130m rights issue would fund commercial rollout.
Financial highlights
9M total operating income was SEK 16.311m versus SEK 17.046m; net sales were nil in both periods.
Operating costs were SEK 39.6m versus SEK 45.2m, down ~12%; operating loss narrowed to SEK 23.326m from SEK 28.158m.
Period loss improved to SEK 22.811m from SEK 30.138m; financial items were positive SEK 0.5m versus negative SEK 2.0m.
Cash and cash equivalents were SEK 29.937m at period-end versus SEK 26.422m a year earlier; period cash flow was negative SEK 37.803m.
Outlook and guidance
First significant commercial revenues are expected this winter; microgrid sales, leases or collaborative projects could generate revenue, with hardware, technology and services as the primary model.
Hestfjord financial close depends on partner discussions; 2027 array deployment is aggressive, though a single-unit installation is considered feasible.
Customized array hardware lead time is estimated at 12–18 months from design freeze to offshore integration; parallel Ireland and Hestfjord work could shorten timing.
Rights-issue proceeds are intended to advance Hestfjord and Euro Dragon Farm, support microgrid market entry and technology scale-up, and provide working capital.
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Latest events from Minesto
- Ocean energy technology advances with key permits, partnerships, and proven performance.MINEST
Aktiedagen 2026 - Record production and improved financials drive global expansion and commercial momentum.MINESTQ2 2026
- Improved cash flow, reduced losses, and new partnerships drive growth in renewables.MINESTQ1 2026
- Strong cash and equity, narrowed loss, and global commercial momentum drive future growth.MINESTQ4 2025
- Secured SEK 99 million, cut costs by 35%, and advanced global commercial rollout.MINESTQ3 2025
- 25% output boost and SEK 25M grant drive commercial and microgrid project expansion.MINESTQ2 2025
- A 10 MW tidal project in the Faroes marks a key step in scaling innovative ocean energy solutions.MINESTCMD 2024
- Operating loss narrowed, technology ready for scale-up, and capital raised for expansion.MINESTQ1 2025
- Dragon 12 launch and new funding drive commercial expansion in the Faroe Islands.MINESTQ4 2024
Next Minesto earnings date
Q4 202625 Feb, 2027
Minesto
Next Minesto earnings date
Q4 202625 Feb, 2027
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Frequently asked questions
Minesto engages in designing and constructing marine renewable energy systems to generate electricity from low temperature differences. Its product is Deep Green, a submerged kite that contains power electronics, sensors, and control systems; captures kinetic energy by flying in loops powered by the tidal stream at site-specific locations; and generates electricity by running through a generator. Minesto AB was founded in 2007 and is headquartered in Gothenburg, Sweden.