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Nordic Iron Ore (NIO) investor relations material
Nordic Iron Ore Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on developing ultra high-grade iron ore concentrate with low carbon footprint, targeting green steelmaking and by-product apatite concentrate for the green transition.
Expanded pre-feasibility study to include Södra Väsmanfältet and apatite concentrate, aiming to increase production potential and profitability.
Completed the most extensive drilling program at Blötberget, with promising intersections and increased mineral resource potential.
Financial highlights
Sales for Q1 2026 were SEK 0 million, unchanged from the previous year.
Net loss after tax was SEK -4.3 million, an improvement from SEK -6.1 million in Q1 2025.
Investments totaled SEK 8.2 million, mainly in exploration and examination for Blötberget.
Cash and cash equivalents at quarter-end were SEK 22.2 million, down from SEK 103.2 million a year earlier.
Outlook and guidance
Expanded pre-feasibility study results, including updated mineral resource estimates, expected in Q3 2026.
Continued focus on developing Blötberget and Södra Väsmanfältet to enhance long-term value and production.
- Q4 loss narrowed as exploration advanced, targeting a 50% production increase and new by-product.NIO
Q4 202526 Feb 2026 - No revenue yet; expanded exploration, net loss, and key infrastructure support granted.NIO
Q3 202518 Nov 2025 - No revenue, increased net loss, and strategic project review mark Q2 2025, with focus on Blötberget.NIO
Q2 202521 Aug 2025 - Debt-free, well-funded, and advancing toward green steel production at Blötberget.NIO
Q3 202413 Jun 2025 - SEK 163 million capital raise completed; mine planning and exploration accelerated at Blötberget.NIO
Q2 202413 Jun 2025 - Q1 2025 saw a widened loss, paused financing, and strong cash as exploration advanced.NIO
Q1 20256 Jun 2025 - No revenue, strengthened liquidity, and key permits set the stage for Blötberget's restart.NIO
Q4 20245 Jun 2025
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