)
Visual
test
Nordic Mining
Nordic Mining (NOM) investor relations material
Nordic Mining Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Feb, 2026
Executive summary
Ramp-up at Engebø progressed slower than expected due to execution, technical reliability, and process issues, but Q4 2025 marked record garnet output and first quality rutile batch.
New operational management and technical support from Systemex were implemented to address challenges and accelerate ramp-up.
NOK 200 million equity raise in January 2026 improved liquidity and supports ramp-up, working capital, and equipment upgrades.
Five-year offtake agreements for rutile and garnet secure future revenue visibility, with some contract terms under renegotiation.
Strategic positioning as a key European supplier of rutile and garnet, with strong political support and long-term growth opportunities.
Financial highlights
Q4 2025 revenue was NOK 1.1 million, with negative EBITDA of -NOK 111.5 million and operating loss of NOK -143 million due to ramp-up phase and limited sales.
Q4 2025 net loss was NOK -233.5 million; full year net loss NOK -437.9 million.
Pro-forma cash position post-capital raise is NOK 519.4 million; cash and cash equivalents at year-end 2025 were NOK 329.4 million.
Cash flow in Q4 was +NOK 56 million, aided by a $22.5 million tap issue; negative free cash flow of NOK 175–200 million expected in 2026.
One-off NOK 20 million adjustment and $2 million provision for potential garnet delivery shortfall penalty.
Outlook and guidance
Targeting stable production at design capacity for rutile and garnet by year-end 2026, with annual revenues just under NOK 1 billion and EBITDA just under NOK 500 million at full production.
Free cash flow expected to turn positive in 2027 as ramp-up completes; fully funded to reach cash-positive operations.
No additional CapEx expected beyond already budgeted upgrades for the dry plant; commercial longstop date for royalty agreement extended to March 2027.
Next operational update scheduled for March, with Q1 production update in April and full Q1 report in May.
Operating cash flow projected to improve as production and sales volumes increase through 2026.
Repercussions of Orion longstop extension
Offtake agreement renegotiation outlook
Dry processing plant throughput strategy
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRINet loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
- 6 FebCRINet loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
- 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRIRevenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects.
- 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position.
Next Nordic Mining earnings date
Q1 202612 May, 2026
Nordic Mining
Next Nordic Mining earnings date
Q1 202612 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Nordic Mining ASA is a Norway-based company engaged in the exploration, extraction, and production of minerals and metals. Its primary focus is on developing high-grade rutile (titanium dioxide) and garnet deposits at its Engebø project on the west coast of Norway. The company also holds stakes in Keliber Oy, a Finnish company advancing a lithium project aimed at producing battery-grade lithium hydroxide. In addition to these core projects, Nordic Mining explores opportunities in other mineral sectors, including seabed resources and patented technology for alumina production. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage