Lappland Guldprospektering (LGOLD) Q2 2025 earnings summary

Executive summary

• Advanced Stortjärnhobben project with ongoing 3,000m drilling, aiming for first mineral resource estimate by year-end.

• Secured access to Stortjärnhobben after favorable court ruling, a key step toward future mining.

• Recruited experienced chief geologist and expanded exploration activities in other high-potential areas.

Financial highlights

• Q2 2025 revenue was 0 TSEK, down from 2,300 TSEK in Q2 2024, due to absence of one-time gains.

• Net result after tax for Q2 2025 was -1,431 TSEK (Q2 2024: 1,871 TSEK); H1 2025: -2,245 TSEK (H1 2024: 1,677 TSEK).

• Cash and cash equivalents at June 30, 2025: 15,388 TSEK (June 30, 2024: 13,279 TSEK).

• Total assets at June 30, 2025: 21,140 TSEK (June 30, 2024: 14,779 TSEK).

• Equity at June 30, 2025: 20,791 TSEK (June 30, 2024: 14,426 TSEK).

Outlook and guidance

• Drilling at Stortjärnhobben expected to complete by September 2025, with results and resource estimate by year-end.

• Application for trial mining at Stortjärnhobben planned for autumn 2025.

• Further exploration at Löparen and geophysical surveys at Ytterberg and Graninge scheduled for H2 2025.