Balance Sheet Grangex AB

Equities

METVs

SE0018014243

Iron & Steel

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 23/01/2026 GMT			5-day change	1st Jan Change
59.50 ^SEK	+15.76%		+14.20%	+21.18%

01-23	Grangex Advances Restart of Mining at Sydvaranger Iron Ore Mine in Norway	MT
01-23	Grangex Subsidiary Signs Mining Services Agreement for Sydvaranger Mine	FW

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Published financial data: GRANGEX AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	16.44M	15.64M	23.14M	35.37M	17.52M
Other Revenues, Total	5.05M	747K	948K	1.62M	11.21M
Total Revenues	21.49M	16.38M	24.09M	37M	28.72M
Cost of Goods Sold, Total	9.62M	9.97M	14M	19.64M	10.04M
Gross Profit	11.87M	6.42M	10.09M	17.36M	18.69M
Selling General & Admin Expenses, Total	9.59M	16.57M	21.77M	36.51M	78.77M
Depreciation & Amortization - (IS)	1.3M	649K	890K	1.42M	18.14M
Other Operating Expenses, Total	10.88M	17.22M	22.66M	37.94M	96.91M
Operating Income	992K	-10.8M	-12.57M	-20.58M	-78.22M
Interest Expense, Total	-4.23M	-417K	-388K	-14.28M	-92.46M
Interest And Investment Income	35K	1K	-	86K	131K
Net Interest Expenses	-4.2M	-416K	-388K	-14.19M	-92.33M
Currency Exchange Gains (Loss)	1K	97K	-	6.94M	675K
Other Non Operating Income (Expenses)	-3.26M	1.35M	0	-	-
EBT, Excl. Unusual Items	-6.46M	-9.77M	-12.96M	-27.83M	-170M
EBT, Incl. Unusual Items	-6.46M	-9.77M	-12.96M	-27.83M	-170M
Income Tax Expense	153K	-115K	-	8K	123K
Earnings From Continuing Operations	-6.62M	-9.66M	-12.96M	-27.84M	-170M
Net Income to Company	-6.62M	-9.66M	-12.96M	-27.84M	-170M
Net Income - (IS)	-6.62M	-9.66M	-12.96M	-27.84M	-170M
Net Income to Common Incl Extra Items	-6.62M	-9.66M	-12.96M	-27.84M	-170M
Net Income to Common Excl. Extra Items	-6.62M	-9.66M	-12.96M	-27.84M	-170M
Per Share Items
Net EPS - Basic	-1.76	-1.26	-1.51	-3.2	-13.34
Basic EPS - Continuing Operations	-1.76	-1.26	-1.51	-3.2	-13.34
Basic Weighted Average Shares Outstanding	3.76M	7.66M	8.56M	8.69M	12.75M
Net EPS - Diluted	-1.76	-1.5	-1.51	-3.2	-13.34
Diluted EPS - Continuing Operations	-1.76	-1.5	-1.51	-3.2	-13.34
Diluted Weighted Average Shares Outstanding	3.76M	7.66M	8.56M	8.69M	12.75M
Normalized Basic EPS	-1.07	-0.8	-0.95	-2	-8.33
Normalized Diluted EPS	-1.07	-0.8	-0.95	-2	-8.33
Supplemental Items
EBITDA	2.29M	-10.16M	-12M	-19.86M	-76.24M
EBITA	1.05M	-10.66M	-12.43M	-20.43M	-77.53M
EBIT	992K	-10.8M	-12.57M	-20.58M	-78.22M
EBITDAR	-	-	-11.66M	-19.11M	-68.89M
Total Revenues (As Reported)	21.49M	16.38M	24.09M	37M	28.72M
Effective Tax Rate - (Ratio)	-2.37	1.18	-	-0.03	-0.07
Total Current Taxes	-	-	3K	5K	113M
Total Deferred Taxes	-	-	-3K	-2K	-113M
Normalized Net Income	-4.04M	-6.11M	-8.1M	-17.39M	-106M
Interest on Long-Term Debt	-	-	28K	55K	17.6M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	339K	749K	7.35M
Imputed Operating Lease Interest Expense	-	-	336K	1.48M	10.39M
Imputed Operating Lease Depreciation	-	-	2.55K	-730K	-3.04M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	429K	28.08M	12.71M	34.49M	81.14M
Total Cash And Short Term Investments	429K	28.08M	12.71M	34.49M	81.14M
Accounts Receivable, Total	96K	1.72M	1.27M	3.03M	1.93M
Other Receivables	816K	2.46M	3.93M	6.08M	4.71M
Total Receivables	912K	4.17M	5.2M	9.12M	6.64M
Inventory	834K	1.34M	2.7M	2.43M	2.04M
Prepaid Expenses	512K	324K	381K	446K	6.46M
Other Current Assets, Total	51.91M	-	-	10.76M	-1K
Total Current Assets	54.6M	33.92M	21M	57.24M	96.28M
Gross Property Plant And Equipment	60.74M	61.73M	62.63M	96.74M	573M
Accumulated Depreciation	-28.02M	-28.53M	-28.67M	-29.22M	-38.39M
Net Property Plant And Equipment	32.71M	33.2M	33.95M	67.51M	535M
Other Intangibles, Total	37.75M	56.6M	93.09M	136M	349M
Other Long-Term Assets, Total	110K	1.92M	224K	113K	6.54M
Total Assets	125M	126M	148M	261M	986M
Liabilities
Accounts Payable, Total	2.58M	4.84M	6.46M	17M	16.39M
Accrued Expenses, Total	15.66M	1.24M	1.09M	2.12M	10.83M
Current Portion of Long-Term Debt	6.12M	-	280K	1.03M	282M
Current Portion of Leases	-	-	265K	913K	15.65M
Current Income Taxes Payable	85K	175K	273K	176K	90K
Other Current Liabilities	4.86M	3.68M	6.34M	25.09M	4.13M
Total Current Liabilities	29.3M	9.94M	14.7M	46.33M	329M
Long-Term Debt	8.7M	6M	975K	109M	568M
Long-Term Leases	-	-	184K	1.3M	68.2M
Deferred Tax Liability Non Current	488K	-	-	-	-
Other Non Current Liabilities	-	118K	-	119K	24.74M
Total Liabilities	38.49M	16.05M	15.86M	157M	990M
Common Stock, Total	18.8M	38.28M	43.47M	43.47M	70.08M
Additional Paid In Capital	-	-	208M	208M	239M
Retained Earnings	30.79M	71.32M	-119M	-147M	-313M
Comprehensive Income and Other	37.1M	-	-	-	-
Total Common Equity	86.68M	110M	132M	105M	-3.95M
Total Equity	86.68M	110M	132M	105M	-3.95M
Total Liabilities And Equity	125M	126M	148M	261M	986M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.35M	8.69M	8.69M	14.02M	14.02M
ECS Total Common Shares Outstanding	3.76M	7.66M	8.69M	8.69M	14.02M
Book Value / Share	23.06	14.32	15.23	12.03	-0.28
Tangible Book Value	48.93M	53M	39.32M	-31.75M	-353M
Tangible Book Value Per Share	13.02	6.92	4.52	-3.65	-25.16
Total Debt	14.82M	6M	1.7M	112M	934M
Net Debt	14.39M	-22.09M	-11.01M	77.62M	853M
Debt Equivalent Oper. Leases	-	-	2.71M	5.99M	58.78M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	-	-	-	-	2.04M
Inventories - Others	834K	1.34M	2.7M	-	-
Buildings, Total	33.59M	33.87M	33.91M	34.16M	95.91M
Machinery, Total	27.14M	27.86M	28.03M	59.87M	404M
Full Time Employees	10	11	12	12	43

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-6.62M	-9.66M	-12.96M	-27.84M	-170M
Depreciation & Amortization - CF	1.24M	509K	750K	1.28M	17.45M
Amortization of Goodwill and Intangible Assets - (CF)	60K	140K	141K	141K	691K
Depreciation & Amortization, Total	1.3M	649K	891K	1.42M	18.14M
Other Operating Activities, Total	-9.24M	-115K	93K	5.08M	102M
Change In Accounts Receivable	2.58M	-3.31M	560K	-14.49M	7.22M
Change In Inventories	140K	-510K	-1.36M	272K	387K
Change in Other Net Operating Assets	11.64M	-2.06M	2.38M	32.19M	745K
Cash from Operations	-209K	-15.01M	-10.4M	-3.36M	-41.12M
Capital Expenditure	-1.94M	-998K	-704K	-32.46M	-42.97M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-149M
Sale (Purchase) of Intangible assets	-	-19M	-36.62M	-43.38M	-96.55M
Other Investing Activities, Total	-1.33M	-1.7M	-	110K	-
Cash from Investing	-3.26M	-21.7M	-37.33M	-75.73M	-288M
Long-Term Debt Issued, Total	-	-	-	103M	335M
Total Debt Issued	-	-	-	103M	335M
Long-Term Debt Repaid, Total	-8.49M	-5.23M	-3.43M	-2.62M	-19.64M
Total Debt Repaid	-8.49M	-5.23M	-3.43M	-2.62M	-19.64M
Issuance of Common Stock	11.22M	86.52M	40.74M	14K	57.61M
Other Financing Activities, Total	0	-16.93M	-4.96M	-	-
Cash from Financing	2.74M	64.36M	32.36M	101M	373M
Foreign Exchange Rate Adjustments	-	-	-	-	3.24M
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	-
Net Change in Cash	-735K	27.66M	-15.37M	21.78M	46.65M
Supplemental Items
Cash Interest Paid	7.49M	417K	387K	8.91M	1.42M
Cash Income Tax Paid (Refund)	-	30K	-98K	98K	59K
Levered Free Cash Flow	-46.34M	7.27M	-43.15M	-78.45M	-233M
Unlevered Free Cash Flow	-43.69M	7.53M	-42.91M	-69.52M	-176M
Change In Net Working Capital	43.67M	-33.64M	-1.38M	-17.76M	5.35M
Net Debt Issued / Repaid	-8.49M	-5.23M	-3.43M	101M	315M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.89	-5.38	-5.73	-6.28	-7.84
Return on Total Capital	1.35	-6.26	-6.33	-7.29	-8.53
Return On Equity %	-20.61	-9.84	-10.71	-23.49	-337.85
Return on Common Equity	-20.61	-9.84	-10.71	-23.49	-337.85
Margin Analysis
Gross Profit Margin %	55.24	39.17	41.89	46.92	65.07
SG&A Margin	44.6	101.16	90.39	98.7	274.23
EBITDA Margin %	10.64	-61.99	-49.81	-53.68	-265.4
EBITA Margin %	4.89	-65.1	-51.62	-55.23	-269.9
EBIT Margin %	4.62	-65.95	-52.2	-55.61	-272.31
Income From Continuing Operations Margin %	-30.79	-58.95	-53.81	-75.25	-591.81
Net Income Margin %	-30.79	-58.95	-53.81	-75.25	-591.81
Net Avail. For Common Margin %	-30.79	-58.95	-53.81	-75.25	-591.81
Normalized Net Income Margin	-18.8	-37.28	-33.63	-47.02	-369.61
Levered Free Cash Flow Margin	-215.59	44.4	-179.16	-212.04	-812.56
Unlevered Free Cash Flow Margin	-203.29	45.99	-178.16	-187.92	-611.38
Asset Turnover
Asset Turnover	0.31	0.13	0.18	0.18	0.05
Fixed Assets Turnover	1.1	0.5	0.71	0.73	0.1
Receivables Turnover (Average Receivables)	46.24	17.24	15.48	16.43	7.06
Inventory Turnover (Average Inventory)	10.64	9.15	6.92	7.65	4.48
Short Term Liquidity
Current Ratio	1.86	3.41	1.43	1.24	0.29
Quick Ratio	0.05	3.25	1.22	0.94	0.27
Operating Cash Flow to Current Liabilities	-0.01	-1.51	-0.71	-0.07	-0.12
Days Sales Outstanding (Average Receivables)	7.91	21.17	23.58	22.22	51.85
Days Outstanding Inventory (Average Inventory)	34.39	39.88	52.77	47.72	81.61
Average Days Payable Outstanding	139.95	129.26	134.24	221.08	633.27
Cash Conversion Cycle (Average Days)	-97.64	-68.21	-57.89	-151.15	-499.82
Long Term Solvency
Total Debt/Equity	17.09	5.47	1.29	107.2	-23.66K
Total Debt / Total Capital	14.6	5.19	1.27	51.74	100.42
LT Debt/Equity	10.03	5.47	0.88	105.34	-16.12K
Long-Term Debt / Total Capital	8.57	5.19	0.86	50.84	68.42
Total Liabilities / Total Assets	30.75	12.77	10.7	59.96	100.4
EBIT / Interest Expense	0.23	-25.91	-32.4	-1.44	-0.85
EBITDA / Interest Expense	0.54	-24.35	-30.11	-1.34	-0.65
(EBITDA - Capex) / Interest Expense	0.08	-26.75	-31.92	-3.61	-1.11
Total Debt / EBITDA	6.48	-0.59	-0.15	-5.85	-15.54
Net Debt / EBITDA	6.29	2.17	0.94	-4.05	-14.19
Total Debt / (EBITDA - Capex)	42.09	-0.54	-0.14	-2.17	-9.06
Net Debt / (EBITDA - Capex)	40.88	1.98	0.89	-1.5	-8.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-43.31	-23.78	47.02	53.6	-22.36
Gross Profit, 1 Yr. Growth %	-10.9	-45.96	57.22	72.07	7.66
EBITDA, 1 Yr. Growth %	-136.3	-543.88	18.31	65.52	283.93
EBITA, 1 Yr. Growth %	-113.03	-1.11K	16.75	64.37	279.43
EBIT, 1 Yr. Growth %	-111.89	-1.19K	16.54	63.64	280.19
Earnings From Cont. Operations, 1 Yr. Growth %	-46.68	45.92	34.12	114.78	510.67
Net Income, 1 Yr. Growth %	-46.68	45.92	34.12	114.78	510.67
Normalized Net Income, 1 Yr. Growth %	-48.61	51.15	32.54	114.72	510.4
Diluted EPS Before Extra, 1 Yr. Growth %	-95.6	-14.8	3.9	111.53	316.51
Accounts Receivable, 1 Yr. Growth %	-84.39	1.69K	-25.96	138.52	-36.42
Inventory, 1 Yr. Growth %	-14.37	61.15	101.12	-10.06	-15.92
Net Property, Plant and Equip., 1 Yr. Growth %	409.52	1.49	0.7	98.84	691.83
Total Assets, 1 Yr. Growth %	781.09	0.39	17.57	76.17	277.54
Tangible Book Value, 1 Yr. Growth %	-315.88	8.3	-25.8	-180.75	1.01K
Common Equity, 1 Yr. Growth %	-485.92	26.44	20.81	-21.01	-103.77
Cash From Operations, 1 Yr. Growth %	-61.08	7.08K	-30.73	-67.64	1.12K
Capital Expenditures, 1 Yr. Growth %	-	-48.42	-29.46	4.51K	32.38
Levered Free Cash Flow, 1 Yr. Growth %	-	-116.21	-649.18	73.75	197.54
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-117.84	-627.63	54.82	152.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-34.26	5.86	50.27	9.21
Gross Profit, 2 Yr. CAGR %	-	-30.61	-7.82	64.48	36.11
EBITDA, 2 Yr. CAGR %	-	26.96	128.99	39.94	152.08
EBITA, 2 Yr. CAGR %	-	14.95	243.6	38.53	149.72
EBIT, 2 Yr. CAGR %	-	13.78	255.83	38.1	149.42
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-11.79	39.94	69.72	262.16
Net Income, 2 Yr. CAGR %	-	-11.79	39.94	69.72	262.16
Normalized Net Income, 2 Yr. CAGR %	-	-11.86	41.59	68.7	262.03
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-80.64	-7.28	48.25	196.83
Accounts Receivable, 2 Yr. CAGR %	-	67.14	264.01	32.89	23.15
Inventory, 2 Yr. CAGR %	-	17.47	80.03	34.49	-13.04
Net Property, Plant and Equip., 2 Yr. CAGR %	-	127.41	1.88	41.51	296.8
Total Assets, 2 Yr. CAGR %	-	197.41	8.84	43.92	157.9
Tangible Book Value, 2 Yr. CAGR %	-	52.91	-10.36	-22.6	199.49
Common Equity, 2 Yr. CAGR %	-	120.9	23.59	-2.31	-82.73
Cash From Operations, 2 Yr. CAGR %	-	428.67	605.31	-52.65	98.86
Capital Expenditures, 2 Yr. CAGR %	-	-	-39.68	470.3	681.25
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-1.95	215.96	127.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	0.79	192.37	97.76
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-14.03	19.84	20.58
Gross Profit, 3 Yr. CAGR %	-	-	-8.86	13.5	42.81
EBITDA, 3 Yr. CAGR %	-	-	23.94	105.51	95.9
EBITA, 3 Yr. CAGR %	-	-	15.49	168.73	93.82
EBIT, 3 Yr. CAGR %	-	-	14.64	174.66	93.54
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	1.45	61.42	160.07
Net Income, 3 Yr. CAGR %	-	-	1.45	61.42	160.07
Normalized Net Income, 3 Yr. CAGR %	-	-	1	62.67	158.99
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-66.43	22.06	109.19
Accounts Receivable, 3 Yr. CAGR %	-	-	27.41	216.17	3.94
Inventory, 3 Yr. CAGR %	-	-	40.53	42.85	15
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	74.23	27.32	151.22
Total Assets, 3 Yr. CAGR %	-	-	118.54	27.79	98.49
Tangible Book Value, 3 Yr. CAGR %	-	-	20.15	-13.43	88.1
Common Equity, 3 Yr. CAGR %	-	-	80.65	6.46	-66.97
Cash From Operations, 3 Yr. CAGR %	-	-	168.52	152.51	39.93
Capital Expenditures, 3 Yr. CAGR %	-	-	-	155.99	250.49
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	20.45	209.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	18.07	178.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	-5.4
Gross Profit, 5 Yr. CAGR %	-	-	-	-	7
EBITDA, 5 Yr. CAGR %	-	-	-	-	64.65
EBITA, 5 Yr. CAGR %	-	-	-	-	57.22
EBIT, 5 Yr. CAGR %	-	-	-	-	56.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	68.78
Net Income, 5 Yr. CAGR %	-	-	-	-	68.78
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	68.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-19.72
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	25.69
Inventory, 5 Yr. CAGR %	-	-	-	-	15.98
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	142.16
Total Assets, 5 Yr. CAGR %	-	-	-	-	133.5
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	73.14
Common Equity, 5 Yr. CAGR %	-	-	-	-	-29.37
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	138.13