Archelon Natural Resources (ALONNR) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 reached 168 TSEK, up from 0 TSEK in 2023, reflecting initial revenue generation.

• Operating loss narrowed to -4,033 TSEK from -6,934 TSEK year-over-year.

• Net loss after tax improved to -2,736 TSEK from -6,913 TSEK year-over-year.

• Strategic focus on rare earth elements and gold, with key project advances in Sweden and Norway.

Financial highlights

• Q4 2024 net sales were 165 TSEK (Q4 2023: 0 TSEK); full year 2024 net sales 168 TSEK (2023: 0 TSEK).

• Q4 2024 operating loss was -899 TSEK (Q4 2023: -1,078 TSEK); full year -4,033 TSEK (2023: -6,934 TSEK).

• Q4 2024 net loss after tax was -499 TSEK (Q4 2023: -3,855 TSEK); full year -2,736 TSEK (2023: -6,913 TSEK).

• Earnings per share for 2024 were -0.202 SEK (2023: -0.012 SEK).

• Cash and cash equivalents at year-end were 318 TSEK, down from 4,001 TSEK.

Outlook and guidance

• Ongoing development of rare earth and gold projects, with plans to expand mineral resources and exploration.

• AREE/Metamorphic transaction expected to close in H1 2025, with AREE planned for listing and partial share distribution to shareholders.

• No dividend proposed for 2024; focus remains on reinvestment and project development.