Sweden · Delayed Price · Currency is SEK Minesto AB Earnings Call Transcripts
Fiscal Year 2025
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Raised SEK 82.8 million net in Q4 2025, ending the year with SEK 67.5 million cash and a positive outlook for 2026. Commercial focus intensified, with Dragon 12 demonstrating robust performance and global deal flow expanding. Major branding efforts and renewed PPA support growth.
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Secured SEK 99 million in new funding and reduced costs by 35%, enabling a stronger financial base. Commercial focus intensifies with global sales expansion, microgrid deployment in Vestmanna, and ongoing risk mitigation for large-scale tidal arrays. Key milestones expected in 2026.
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Dragon 12 achieved a 25% production boost, supporting commercial rollout and investor confidence. SEK 25 million grant and organizational restructuring enhance efficiency and market reach, while strong brand exposure and new partnerships drive growth.
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Operations and technology are ready for commercial scale-up, with strong market interest and a unique commercial setup in the Faroe Islands. Sales are expected soon, and manufacturing is streamlined for rapid expansion, while risks are mainly tied to funding and project timing.
Fiscal Year 2024
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2024 saw the successful launch and validation of the Dragon 12, with reduced costs and strengthened cash position. Focus shifts to commercialization in the Faroe Islands, supported by new local entities and ongoing funding initiatives.
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Minesto is advancing a 10 MW tidal energy project in the Faroe Islands, leveraging proven technology and a robust investment structure to address global renewable energy needs. The company is focused on market validation, technology optimization, and strategic partnerships to scale its impact.