Mahvie Minerals (MAHVIE) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was 0 TSEK, unchanged from Q1 2024; net loss after tax improved to -1,206 TSEK from -1,281 TSEK year-over-year.

• EPS for Q1 2025 was -0.02 SEK, compared to -0.03 SEK in Q1 2024.

• Key operational progress included approval and execution of two directed share issues and commencement of drilling at the Haveri gold project in Finland.

• Positive initial drilling results at Haveri were reported after the period's end.

Financial highlights

• Net loss after tax for Q1 2025 was -1,206 TSEK, an improvement from -1,281 TSEK in Q1 2024.

• Equity at March 31, 2025, was 33,176 TSEK, down from 34,406 TSEK a year earlier.

• Cash and cash equivalents at period end were 2,055 TSEK, compared to 4,342 TSEK at Q1 2024 end.

• Cash flow from operating activities was -929 TSEK; total cash flow for the quarter was 380 TSEK.

• Investments in Q1 2025 totaled -1,079 TSEK, up from -796 TSEK in Q1 2024.

Outlook and guidance

• Ongoing focus on developing commercial mineral assets, with continued strategic emphasis on gold and base metal projects.

• Next steps at Haveri include completing drilling and analysis, followed by a mineral resource estimate and pre-feasibility study.