Arctic Minerals (ARCT) H2 2025 earnings summary

Executive summary

• 2025 marked a transformative year with significant exploration progress, especially at the flagship Hennes Bay copper-silver project, and organizational changes including new CEO, CFO, and board appointments.

• Acquisition of Rare Earth Energy Metals in 2024 led to a strategic shift, strengthening the project portfolio and operational focus.

Financial highlights

• Full-year 2025 result after tax was MSEK -19.3, compared to MSEK -5.8 in 2024.

• Earnings per share for 2025 were SEK -0.45 (adjusted for 1:10 reverse split), down from SEK -0.28 in 2024.

• Cash and bank position at year-end was MSEK 18.8, up from MSEK 13.0 at the end of 2024.

• Shareholders' equity at year-end was MSEK 111.9, up from MSEK 102.7.

• No revenues were reported; expenses mainly related to exploration activities.

Capital allocation and financing

• Directed share issue in June 2025 raised SEK 17.5m, with proceeds partly received in July.

• Exercise of warrants in October 2025 brought in SEK 10.3m (99% uptake).

• Directed set-off issue in October 2025 reduced debt by SEK 2.2m.

• Cash flow from financing activities for 2025 was MSEK 26.7, up from MSEK 13.9 in 2024.