January – March 2026

• Net sales amounted to SEK 0 million (0) and profit after tax was SEK -28.3 million (-17.9).
• Earnings per share before and after dilution amounted to SEK -0.12 (-0.15).
• Capitalised expenses related to exploration and appraisal assets amounted to SEK 83.1 million (84.2).
• The Group’s cash flow for the period was SEK -405 million (151).
• Cash and cash equivalents amounted to SEK 1,002 million on 31 March, 2026 (1,407 on 31 Dec, 2025).
• Equity amounted to SEK 3,067 million on 31 March, 2026 (3,095 on 31 Dec, 2025).

Geology

• Step-out drilling in the D Zone intersected copper-iron mineralisation approximately 800 metres from the current Mineral Resource, demonstrating significant potential for resource expansion and highlighting the broader scale of the mineralised system.
• Extensive high-grade copper mineralisation has been confirmed in the B Zone, demonstrating geological and grade continuity beyond the existing Mineral Resource. Drill hole VDD25013D intersected multiple stacked lenses, including 14.0 metres at 1.01% Cu, 6.5 metres at 1.14% Cu, 8.6 metres at 1.07% Cu and 11.4 metres at 1.17% Cu.
• Exploration drilling continues to focus on near-mine targets, aimed at delivering additional Mineral Resource growth with potential for future incorporation into the mine plan, ahead of a planned resource update in connection with the Q4 2026 report presentation.

Viscaria Capital Markets Day
Viscara hosts a Capital Markets Day in Kiruna today, 7 May 2026, with highlights including:

• Estimated annual EBIT during steady state (2029–2036) increased to approximately SEK 1.6 billion (previously SEK 1.4 billion).
• Debt financing increased to approximately SEK 4.8 billion (previously SEK 3.9 billion), with completion targeted for Q3 2026.
• Outstanding estimated equity financing approximately SEK 1.6 billion.

Significant events during the period January – March 2026

• A Long Lead Item agreement was signed with Metso for two mills for the processing plant.
• An agreement was signed with Strawberry and MG Link for the construction and operation of the temporary contractor housing Viscaria Village.
• An agreement was signed with the steel and construction company Nordec for the construction of the building that will house the processing.
• Charlotte Odenberger was appointed Chief Operating Officer (COO).

Significant events after the end of the period

• An agreement was signed with Renta Equipment Rental regarding the establishment of a machinery and service depot.
• Staffan Sandström was appointed as Senior Adviser.

Presentation of the report
A live presentation of this report will be held today, Thursday 7 May, at 08.30 CEST. The report will be presented by CEO Jörgen Olsson and CFO Frida Keskitalo, followed by a Q&A session.
The live webcast can be accessed via the link: https://www.youtube.com/live/aPni19d6qQw