Revenue amounted to SEK 7.0 million (7.0).
Operating profit was SEK -16.1 million (-12.9).
Profit after tax amounted to SEK 10.3 million (-24.8). Earnings per share amounted to SEK 0.85 (-2.76).
Cash and cash equivalents amounted to SEK 31.4 million (45.1).
"The results from the updated PEA study of the Sydvaranger mine show significantly improved profitability, reduced investment needs, and higher product quality. At the same time, intensive preparations are underway for the final feasibility study, and our focus on circular initiatives and robust partnerships strengthens our position as a future supplier of strategic raw materials for Europe's green transition," said CEO Christer Lindqvist in a comment.
He states that Grangex aims to secure financing before the end of the year. He highlights the strategic importance of the partnership with Anglo American, which provides access to technical expertise as well as a long-term off-take agreement worth $6.5 billion.
"Finally, it is gratifying to note that the conditions for the electricity supply to Dannemora
are now looking brighter. My hope is that we will be able to reach a long-term solution to this
key issue," says Lindqvist.
| Grangex, SEK million | Q1-2025 | Q1-2024 | Change |
| Net sales | 7 | 7 | 0 |
| Operating | -16.1 | -12.9 | |
| Net profit | 10.3 | -24.8 | |
| Earnings per share, SEK | 0.85 | ||
| Cash | 31 | 45.1 | -30.4 |
