)
)
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.
Rana Gruber
Rana Gruber (RANA) investor relations material
Rana Gruber has been delisted
Rana Gruber Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Full-year production reached 1.81 million tonnes, with Q4 output of 428,000–413,000 tonnes impacted by temporary disruptions and quality improvements.
Underground mine output grew 19% year-over-year, and Stensundtjern open pit was commissioned in January 2026.
Champion Iron launched a voluntary offer for all shares, valuing the company at NOK 2.93 billion, unanimously recommended by the board.
Product quality improved, transitioning to 65% Fe grade, with magnetite volumes set to rise as Stensundtjern comes online.
Net profit for Q4 was NOK 25.5 million (adjusted NOK 44 million); full-year net profit was NOK 301.9 million, down from NOK 370.8 million in 2024.
Financial highlights
Q4 2025 revenue was NOK 413 million, down 6.8–7% year-over-year; full-year revenue was NOK 1,565.8 million, down 6%.
Q4 EBITDA was NOK 128.1 million (31% margin), down 12.9% year-over-year; full-year EBITDA was NOK 573.4 million (37% margin).
Q4 net profit was NOK 25.5 million, down 55% year-over-year; adjusted Q4 net profit was NOK 44 million.
Adjusted Q4 EPS was NOK 1.19; reported Q4 EPS was NOK 0.69.
Q4 cash cost per tonne was NOK 647, up due to lower volumes, higher energy prices, and non-recurring transaction costs.
Outlook and guidance
Magnetite sales are expected to increase with Stensundtjern open pit, targeting chemical and high-grade steel markets.
Focus remains on operational stability, cost discipline, and product quality, with recovery improvements underway.
Committed to a long-term cash cost target of USD 50–55 per ton.
No dividend proposed for Q4 due to the pending Champion Iron offer.
Some upward cost pressure anticipated from increased transport distances and energy costs in Q1 2026.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Rana Gruber
- NOK 2.93B all-cash deal expands high-grade iron ore output and green steel market reach.RANA
M&A announcement - NOK 2.93B (US$290M) acquisition creates a global high-grade iron ore leader, closing Q2 2026.RANAM&A announcement
- Q3 2025 saw revenue and net profit surge, with major investment in high-grade production approved.RANAQ3 & CMD 2025
- Production up, revenue and profit down; cost control, investments, and dividends continue.RANAQ2 2025
- Record magnetite output, cost discipline, and high-grade focus drive strong results and growth.RANAQ3 & CMD 2024
- Record sales and robust earnings support continued dividends amid rising costs.RANAQ2 2024
- Revenue and EBITDA surged, with stable production and disciplined dividend payout.RANAQ1 2025
- Record production and cost control offset lower prices; Q4 dividend set at NOK 1.80/share.RANAQ4 2024
Rana Gruber
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Rana Gruber is a Norwegian iron ore producer established in 1964, with operations based on more than 200 years of mining experience. The company's products are based on natural mineral resources, which are processed and exported to customers worldwide. Key customers include steel producers and participants in the chemical industry. The company has about 300 employees and a production capacity of 1.8 million metric tons of iron ore concentrates.