Nordic Iron Ore
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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.
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Q4 2025 earnings summary26 Feb, 2026

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.

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