Nidhogg Resources (NIDHOG) Q1 2026 earnings summary

Executive summary

• No revenue generated in Q1 2026; focus remained on exploration, permitting, and project development activities.

• Loss after tax for the quarter was SEK -0.4 million, a slight improvement year-over-year.

• Key operational milestones included progress in environmental permitting and legal appeals, as well as preparations for geophysical surveys.

• Liquidity was strengthened through two directed share issues at a premium, reducing reliance on external financing.

Financial highlights

• Group revenue was SEK 0 thousand, unchanged from Q1 2025.

• Group profit after tax was SEK -0.4 million, compared to SEK -0.4 million in Q1 2025.

• Earnings per share improved to SEK -0.04 from SEK -0.05 year-over-year.

• Cash and cash equivalents at quarter-end were SEK 0.9 million, down from SEK 2.6 million a year earlier.

• Equity ratio stood at 62%, and cash liquidity at 115%.

Outlook and guidance

• Operations for the next twelve months are expected to be secured through a mix of cash, bridge loans, new share issues, and project financing.

• The company continues to evaluate new opportunities in Sweden and internationally, aligned with its growth strategy.

• No dividend is proposed for the financial year 2024/2025.