Mahvie Minerals (MAHVIE) Q3 2025 earnings summary

Executive summary

• No revenue generated in Q3 2025 or the first nine months; focus remains on exploration and project development.

• Net loss after tax for Q3 2025 was -1,982 TSEK, and for the first nine months -4,827 TSEK.

• Key operational progress at Haveri with strong drill results and completion of a successful rights issue.

• Acquisition of Swedish Copper Norrland AB and the Åkerberg gold project strengthens the gold-focused portfolio.

Financial highlights

• Q3 2025 revenue: 0 TSEK (unchanged year-over-year).

• Q3 2025 net loss: -1,982 TSEK (vs. -767 TSEK in Q3 2024).

• Nine-month net loss: -4,827 TSEK (vs. -4,041 TSEK in 2024).

• Earnings per share Q3: -0.01 SEK (vs. -0.02 SEK); nine months: -0.07 SEK (vs. -0.10 SEK).

• Cash and cash equivalents at period end: 8,671 TSEK (vs. 1,147 TSEK in 2024).

• Equity at period end: 43,406 TSEK; equity ratio 85.1%.

• Total assets: 51,031 TSEK (vs. 38,702 TSEK in 2024).

Outlook and guidance

• Focus on updated mineral resource estimate (MRE) and preparatory studies for mining at Haveri.

• Continued strategic emphasis on gold and base metal projects.

• Ongoing development in subsidiaries with intent to demonstrate commercial assets.