The Group

2024-07-01 - 2025-12-31 (financial year, 18 months*)

• Revenue for the period amounted to SEK 88 thousand (SEK 77 thousand)
• Profit after tax for the period amounted to SEK -4.4 million (SEK -4.0 million)
• Earnings per share for the period amounted to SEK -0.48 (SEK -0.002)
• Cash and cash equivalents at the end of the financial year amounted to SEK 1.0 million (SEK 1.2 million)
• Number of shares: 8,961,324

The parent company.

2024-07-01 - 2025-12-31 (financial year, 18 months*)

• Revenue for the period amounted to SEK 88 thousand (151 thousand)
• Profit after tax for the period amounted to SEK -4.3 million (SEK -11.5 million)
• Earnings per share for the period amounted to SEK -0.48 (SEK -0.003)
• Cash and cash equivalents at the end of the financial year amounted to SEK 0.3 million (SEK 1.1 million)

*= The Company has decided to change its financial year from 1 July-30 June to a calendar year. As a result, the current financial year covers an 18-month period, 1 July 2024-31 December 2025. The change has been implemented to align the Company's reporting with its operational structure. Because the period is longer than in previous years, the figures are not directly comparable, and normalized key performance indicators are presented where relevant.

A word from the CEO

Dear shareholders, partners and stakeholders: 2025 has been a year where we have taken steps forward in the development of our Swedish iron ore projects, while spending time diversifying our business with the evaluation of several different projects that follow our dynamic growth strategy and our strict investment criteria.

Within our iron ore assets, where the Vintjärn and Kölen projects in particular constitute central parts of the portfolio, work during the year has focused on updating and quality assurance of historical drilling and resource data, additional fieldwork with identification of prospective resources, technical updates and strategic analysis. We have reviewed historical geological reports, production data and studies in order to create a more robust basis for future development decisions for both test mining and tailinngs processing. Nature conservation inventories have been carried out in both the Tuna Hästberg and Vintjärn areas, which are included in the environmental impact assessments. Through these measures, we have strengthened our understanding of the technical and economic potential of the projects and identified clear next steps for value-adding activities.

During the year, we evaluated the possibility of investing in a producing gold project in Egypt. After careful analysis, we chose not to proceed as the risk profile and structural conditions did not fully meet our requirements. The decision reflects our operational discipline and our ambition to only implement projects with the right balance between risk and return.

At the same time, the process has been strategically valuable. We have established a strong network in the region, including local partners, advisors and contacts at government level. This network gives us a significantly better platform for future project opportunities in the region for international expansion.

Our focus going forward is to take the next step in the development of our iron, manganese and silica ore projects through structured project planning, targeted capital raising and a continued constructive dialogue with authorities and potential industrial partners.

The projects are located in an internationally recognized and attractive jurisdiction with well-developed infrastructure, high transparency and a clear regulatory structure. In a context where geopolitical uncertainty and security of supply are high on the global agenda, our existing assets are strategically well positioned to meet increased demand for domestically produced natural resource materials.

In parallel, we intend to realize our dynamic growth strategy by selectively incorporating additional projects that strengthen the portfolio and create economies of scale.

Thank you for your trust and support.

Best regards,

Niclas Biörnstad

CEO, Nidhogg Resources Holding AB (publ).

Contact

If you have any questions, please contact CEO Niclas Biörnstad

E-mail: niclas@nidhoggresources.com 

About Nidhogg Resources Holding AB (publ).

Nidhogg Resources Holding AB is a Swedish public limited liability company with a focus on commodities. Nidhogg Resources was founded by individuals with a total of over 60 years of experience in the raw materials market, with a background from exploration to exploitation and sales, and with a passion for extracting raw materials by applying innovative technology together with existing infrastructure.