Mahvie Minerals (MAHVIE) Q2 2025 earnings summary

Executive summary

• No revenue generated in Q2 or H1 2025; focus remains on exploration and project development.

• Net loss after tax improved to -1,639 TSEK in Q2 2025 from -1,994 TSEK year-over-year; H1 net loss was -2,845 TSEK versus -3,274 TSEK prior year.

• Strategic shift to prioritize gold projects, especially Haveri, following strong drilling results.

• Successful rights issue raised approximately 15 MSEK, over-subscribed at 116.1%.

Financial highlights

• Q2 2025 revenue: 0 TSEK (unchanged year-over-year).

• Q2 2025 net loss after tax: -1,639 TSEK (improved from -1,994 TSEK year-over-year).

• H1 2025 net loss after tax: -2,845 TSEK (improved from -3,274 TSEK year-over-year).

• Earnings per share Q2: -0.03 SEK (vs. -0.05 SEK); H1: -0.06 SEK (vs. -0.08 SEK).

• Equity at June 30, 2025: 31,472 TSEK; cash position: 527 TSEK.

Outlook and guidance

• Continued focus on gold projects, especially Haveri, with further drilling and resource assessment planned.

• Seeking partners or buyers for the Mofjell base metals project.

• Positive market outlook for gold and silver prices supports long-term project economics.