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Nordic Iron Ore (NIO) investor relations material
Nordic Iron Ore Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on developing ultra high-grade iron ore concentrate with low CO₂ footprint and by-product apatite concentrate for green transition.
Expanded pre-feasibility study to include Southern Väsman field, aiming to increase production and profitability.
Ongoing exploration and technical studies indicate potential for significant resource and production increases.
Financial highlights
Q4 sales were SEK 0 million (0); full-year sales also SEK 0 million (0).
Q4 earnings after tax: SEK -4.2 million (-6.5); full-year: SEK -19.5 million (-15.2).
Investments: SEK 18.9 million in Q4 (2.7); SEK 58.9 million for the year (3.7), all in exploration and feasibility.
Cash and cash equivalents at year-end: SEK 41.9 million (111.7).
Outlook and guidance
Pre-feasibility study extended to Q3 2026, incorporating new exploration and technical data.
Targeting a 50% increase in ultra high-grade iron ore concentrate production, from 16 to 24 million tonnes.
By-product apatite concentrate expected to enhance profitability and strategic value.
Demand for high-grade iron ore expected to remain strong in target markets.
- No revenue yet; expanded exploration, net loss, and key infrastructure support granted.NIO
Q3 202518 Nov 2025 - No revenue, increased net loss, and strategic project review mark Q2 2025, with focus on Blötberget.NIO
Q2 202521 Aug 2025 - Debt-free, well-funded, and advancing toward green steel production at Blötberget.NIO
Q3 202413 Jun 2025 - SEK 163 million capital raise completed; mine planning and exploration accelerated at Blötberget.NIO
Q2 202413 Jun 2025 - Q1 2025 saw a widened loss, paused financing, and strong cash as exploration advanced.NIO
Q1 20256 Jun 2025 - No revenue, strengthened liquidity, and key permits set the stage for Blötberget's restart.NIO
Q4 20245 Jun 2025
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