Igrene (ABI) Q4 25/26 earnings summary

Executive summary

• Strategic focus shifted toward enabling large-scale Siljan gas production, with political and regulatory engagement aimed at securing a legal route to extraction. Source

• Existing wells are assessed as capable of supporting future industrial gas deliveries, conditional on permits and technical and commercial readiness.

Financial highlights

• FY 2025/26 revenue was SEK 4K vs SEK 0K; operating loss was SEK 8.281M vs SEK 8.534M, and loss after financial items was SEK 8.246M vs SEK 8.396M.

• FY net loss was SEK 8.246M vs SEK 8.442M; Q4 loss after financial items was SEK 1.816M vs SEK 1.357M.

• Cash and bank rose to SEK 17.140M from SEK 1.912M; equity was SEK 37.950M vs SEK 23.002M.

Outlook and guidance

• Regulatory progress and heightened energy-security priorities are viewed as improving longer-term prospects for permits or legislative change, but extraction still depends on law changes and subsequent permit reviews.

• Standard LNG equipment could be used to recover gas once required permits and technical and commercial conditions are met.

• ColdSpark development is expected to take years and require substantial capital; further Seid investment is paused pending reassessment.