Finland · Delayed Price · Currency is EUR Endomines Finland Oyj Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 results with 77% revenue growth and 390% net result increase, driven by higher gold production and prices. Strategic milestones include EU project applications, U.S. asset divestments, and a major exploration campaign, positioning for long-term growth.
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Production is set to grow 10%-20% in 2026, with a long-term target of 70,000–100,000 oz gold and significant tungsten/molybdenum output by 2030. Record exploration drilling, operational improvements, and a regenerative sustainability model support ambitious resource and production growth, while financial stability and community engagement remain priorities.
Fiscal Year 2025
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Record 2025 results featured 59% revenue growth, 182% EBITDA increase, and strong gold production, with 2026 guidance for 10%-20% further output growth. Major exploration and development projects are underway, supported by robust gold prices and expanded focus on critical minerals.
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Three Idaho assets were sold for AUD 18.5 million cash and a 9.95% equity stake, enabling a strategic focus on Finnish gold projects. Remaining U.S. assets, especially in Montana, are being assessed for value enhancement amid strong gold and silver markets.
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Record H1 2025 results with revenue up 64% and gold production up 25.8% year-over-year, driven by strong execution and high gold prices. Strategic acquisition, expanded exploration, and ambitious long-term targets position the company for significant growth.
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The updated strategy targets 1.5–2 million ounces of gold resources and 70,000–100,000 ounces annual production by 2030, with a strong focus on the Karelian Gold Line and integration of critical minerals. Sustainability, financial stability, and flexible financing underpin growth plans.
Fiscal Year 2024
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2024 marked a major turnaround with revenue up 46% and net profit of EUR 1.3 million, driven by strong gold prices and increased production. Pampalo remains the core segment, while exploration and critical minerals offer future growth. Guidance for 2025 targets 16,000–22,000 ounces.