Viscaria Q2 2026 EN
Interim Report April - June 2026
2026-08-13 07:30:00
”Significant Mineral Resource growth potential, strong operational progress and an oversubscribed share issue have further strengthened our position on the path to production.” - Jörgen Olsson, CEO of Gruvaktiebolaget Viscaria
April – June 2026
- Net sales amounted to SEK 0 million (0) and profit after tax was SEK -41.4 million (-21.7).
- Earnings per share before and after dilution amounted to SEK -0.17 (-0.18).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 127 million (65.0).
- The Group’s cash flow for the period was SEK 346 million (-42.0).
- Cash and cash equivalents amounted to SEK 1,348 million on June 30, 2026 (1,407 on 31 Dec, 2025).
- Equity amounted to SEK 3,765 million on June 30, 2026 (3,095 on 31 Dec, 2025).
January – June 2026
- Net sales amounted to SEK 0 million (0) and profit after tax was SEK -69.7 million (-39.5).
- Earnings per share before and after dilution amounted to SEK -0.29 (-0.33).
- Capitalised expenses related to exploration and appraisal assets amounted to SEK 210 million (149).
- The Group’s cash flow for the period was SEK -59.0 million (109).
Geology
- Exceptional drilling results include VDD25013E, which intersected 10 metres at 2.2% Cu approximately 800 metres beyond the current Mineral Resource, demonstrating the considerable scale of the mineralised system and its potential to host significantly higher-grade mineralisation.
Significant events during the period April – June 2026
- An agreement was signed with Renta Equipment Rental regarding the establishment of a machinery and service depot.
- Staffan Sandström was appointed as Senior Adviser.
- On 7 May Viscaria held a well-attended Capital Markets Day in Kiruna.
- An oversubscribed directed share issue of approximately 144 million shares was announced, raising cash proceeds of approximately SEK 1.7 billion across two tranches. As a result of the share issue, infrastructure fund InfraVia became the company’s second-largest shareholder.
- Viscaria’s logistics hub Leväjärvi was connected to Malmbanan.
Significant events after the end of the period
- An extraordinary general meeting approved Tranche 2 of the directed share issue. In connection with the share issue, all outstanding shareholder loans totaling SEK 681 million were fully set off and converted into equity. As a result, the total transaction value amounted to approximately SEK 2.4 billion.
- A strategic supply and service agreement was entered into with Sandvik covering the underground production fleet for the mine.
Presentation of the report
A live presentation of this report will be held today, Thursday 13 August, at 09.30 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://youtube.com/live/jIYKzsicIcM?feature=share