Sweden's Nordic Iron Ore Q4 net loss narrows

Nordic Iron Ore AB

26/02/2026 07:39

Overview

Sweden mining company reported no Q4 sales, net loss narrowed from last year

Company invested SEK 18.9 mln in Q4, up from SEK 2.7 mln last year

Received conditional SEK 40 mln support for railway connection from Swedish Transport Administration

Outlook

Nordic Iron expects pre-feasibility study results in Q3 2026

Company aims to increase mineral resources by 35 mln tonnes

Nordic Iron plans to include Southern Väsman field in study

Result Drivers

EXPLORATION INVESTMENT - Co increased investments to SEK 18.9 mln in Q4, focusing on exploration and development at Blötberget

RAILWAY SUPPORT - Co received conditional SEK 40 mln support for railway connection, contingent on feasibility study results

RESOURCE EXPANSION - Co submitted application for additional exploration permit, aiming to expand mineral resources

Company press release: ID:nMFN1bLg10

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 0
Q4 Adjusted EPS
-SEK 0.06
Q4 Net Income
-SEK 4.20 mln
Q4 Investments
SEK 18.90 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)