Nidhogg Resources (NIDHOG) Q6 2025 summary

Executive summary

• Revenue for the 18-month period was SEK 88 thousand, mainly from consultancy fees for due diligence on a gold project in Africa.

• Net loss after tax was SEK -4.4 million, compared to SEK -4.0 million in the previous period.

• Cash and cash equivalents at year-end were SEK 1.0 million.

• No dividend proposed for the year.

• The financial year was extended to 18 months to align with a new calendar year reporting structure.

Financial highlights

• Operating expenses totaled SEK -4.5 million for the period.

• Earnings per share were SEK -0.48, down from SEK -0.002 in the previous period.

• Equity at year-end was SEK 1.4 million, up from SEK 0.9 million at the previous year-end.

• Cash liquidity ratio was 69%, and equity ratio was 42%.

Outlook and guidance

• Operations expected to be secured over the next twelve months through cash, bridge loans, share issues, and project financing.

• Focus remains on advancing Swedish iron ore projects and selectively adding new projects for growth.