Nidhogg Resources (NIDHOG) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024/2025 was 0 TSEK, unchanged from the same quarter last year; net loss after tax was -772 TSEK, an improvement from -1 TSEK year-over-year.

• Cash and cash equivalents at period end were 335 TSEK, down from 1,210 TSEK at the end of June 2024.

• The company is transitioning to a natural resources focus, targeting income generation in 2025, and completed the acquisition of the closed Vintjärn mine.

• No revenue was generated in the quarter; costs mainly related to the reverse acquisition and winding down of Eurocine Vaccines.

Financial highlights

• Net loss for the group was -772 TSEK for Q1 2024/2025, compared to -1 TSEK in Q1 2023/2024.

• Earnings per share for the period were -0.0004 SEK, compared to -0.002 SEK year-over-year.

• Group equity at period end was 138 TSEK, down from 909 TSEK at June 30, 2024.

• Cash flow from operations was -875 TSEK for the quarter.

• No operating income or revenue was reported.

Outlook and guidance

• Strategy aims for positive cash flow from trial mining at Tuna-Hästberg and Vintjärn-Kölen by late 2025.

• Additional exploration and permitting activities are planned, with the goal of starting trial mining in Q3 2025.

• The company is evaluating new projects aligned with energy transition and sustainable solutions.