Mahvie Minerals (MAHVIE) Q2 2026 earnings summary

Executive summary

• No revenue generated in Q2 2026 or the first half; focus remains on exploration and project development.

• Net loss after tax widened to -4,074 TSEK in Q2 2026 from -1,639 TSEK year-over-year; H1 net loss was -6,237 TSEK.

• Strengthened financial position with 12.9 MSEK raised via options and directed share issue.

• Key technical milestones: completed mineral resource report for Haveri and advanced exploration at Åkerberg.

Financial highlights

• Q2 2026 net loss after tax: -4,074 TSEK (vs. -1,639 TSEK Q2 2025); H1 2026 net loss: -6,237 TSEK (vs. -2,845 TSEK H1 2025).

• Earnings per share Q2: -0.02 SEK (vs. -0.03 SEK); H1: -0.04 SEK (vs. -0.06 SEK).

• Equity at June 30, 2026: 62,135 TSEK (vs. 31,472 TSEK); cash and equivalents: 25,110 TSEK (vs. 527 TSEK).

• Solidarity ratio improved to 87.1% (vs. 74.5%).

• Total cash flow in Q2: 8,136 TSEK (vs. -1,528 TSEK Q2 2025).

Outlook and guidance

• Continued focus on advancing Haveri and Åkerberg gold projects through exploration and technical studies.

• Ongoing environmental studies and permitting for Haveri; further drilling and analysis at Åkerberg.

• Seeking partners for Mofjell base metal project in Norway.