Nidhogg Resources (NIDHOG) Q5 2025 summary

Executive summary

• Exploration projects in Sweden advanced, with geophysical surveys confirming strong magnetic anomalies and resource potential in Dalarna.

• Gold project in Egypt delayed due to partner changes, but due diligence confirmed high-grade gold structures.

• Financial flexibility strengthened by securing a SEK 1 million bridge loan and board-approved incentive program.

Financial highlights

• Revenue for the quarter was SEK 0 thousand, unchanged from the same period last year.

• Group profit after tax for the quarter was SEK -742 thousand, a slight improvement from SEK -772 thousand year-over-year.

• For the fifteen-month period, group revenue was SEK 88 thousand, with a net loss of SEK -3,870 thousand.

• Cash and cash equivalents at quarter-end were SEK 400 thousand, down from SEK 1,210 thousand at the previous year-end.

• Equity at quarter-end stood at SEK 1,971 thousand.

Outlook and guidance

• Operations for the next twelve months are expected to be secured through available cash, the bridge loan, and anticipated revenues from the Egyptian gold project.

• The company is evaluating additional project financing and potential new share issues to support its growth strategy.