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Nordic Iron Ore (NIO) investor relations material
Nordic Iron Ore Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
No sales were recorded in Q2 2025, with continued focus on project development and exploration activities.
Net loss for Q2 2025 was SEK -5.9 million, reflecting increased workforce and intensified feasibility studies.
Strategic review led to conversion of the Blötberget mine's Definitive Feasibility Study into a Pre-Feasibility Study to integrate operational and environmental improvements.
Exploration expanded, with promising magnetite and hematite discoveries, aiming to increase mineral resources.
Financial highlights
Q2 2025 net loss: SEK -5.9 million (Q2 2024: SEK -4.0 million); H1 2025 net loss: SEK -11.9 million (H1 2024: SEK -7.0 million).
Investments in H1 2025 totaled SEK 26.7 million, mainly for exploration and feasibility work.
Cash and cash equivalents at June 30, 2025: SEK 77.8 million (June 30, 2024: SEK 118.5 million).
No revenue was generated in Q2 or H1 2025.
Outlook and guidance
Pre-Feasibility Study for Blötberget expected to complete before year-end, subject to exploration results.
Ongoing efforts to improve project economics and environmental impact are prerequisites for future financing.
Market conditions for iron ore remain challenging, with a slight downward trend in prices and continued pressure on the European steel industry.
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