Akobo Minerals AB: Akobo Minerals announces preliminary fourth quarter results 2025
OSLO, 10 March 2026: Akobo Minerals AB (publ) (Euronext Growth Oslo and Frankfurt: AKOBO), the Scandinavian-based Ethiopian gold producer and explorer, today announced its results for the fourth quarter of 2025.
The fourth quarter marked Akobo Minerals' strongest operational quarter to date, with revenues of SEK 29.8 million (USD 3.2 million) and EBITDA of SEK 12.9 million (USD 1.4 million), representing the Company's second consecutive EBITDA-positive quarter. Cash at the end of the quarter amounted to SEK 33.1 million (USD 3.6 million). The Company expects to remain EBITDA-positive in the first quarter of 2026.
IMPORTANT EVENTS IN THE FOURTH QUARTER 2025
- Gold production of approx. 21.5 kg at an average grade of 22.2 g/t
- Second consecutive EBITDA positive quarter of approx. USD 1.4m
- Revenue of approx. USD 3.2m
- Cumulative production reached approx. 73.0 kg since start-up
- Headgear fabrication complete and in transit to site
- Decision taken to extend the vertical shaft to final planned depth in one continuous phase
- Civil works commenced for the vertical shaft headgear foundation
- All remaining convertible bonds converted into equity, simplifying the capital structure
- Approx. 600 tonnes of blended material available for processing at quarter end
POST-PERIOD DEVELOPMENTS
- Gold production of approx. 8.0 kg in January and 7.5 kg in February, totalling 15.5 kg at an average grade of 25.0 g/t
- Cumulative production reached approx. 80.5 kg since start-up
- Cash and unsold gold amounted to approx. USD 6.0m at the end of February
- Civil works for the vertical shaft headgear foundation were completed
- Temporary winch and headgear installation completed
- Shaft sinking activities recommenced
FINANCIAL REVIEW
All figures in SEK million
|
| Q4 2025 | YTD 2025 |
| Revenue | 29.8 | 66.7 |
| EBITDA | 12.9 | 6.8 |
| Cash Flow | 1.9 | 4.2 |
| Cash at end of period | 33.1 |
|
| Total Equity | -183.0 |
|
| Long-term Debt | 383.5 |
|
*Q4 2025 report not reconciled with the 2024 annual accounts exchange rate adjustments
Akobo Minerals will host a live webcast in English today at 10:00 CET, including a presentation of the results followed by a Q&A session.
Webcast link: Akobo Minerals Q4 2025 presentation
For more information, contact:
Jørgen Evjen, CEO, Akobo Minerals
Mob: (+47) 92 80 40 14
Mail: jorgen@akobominerals.com
LinkedIn: www.linkedin.com/company/akobominerals
About Akobo Minerals
Akobo Minerals is a Scandinavian-based gold producer and explorer with over 15 years of active operations in Ethiopia. The Company holds an exploration licence covering 182 km² and a mining licence covering 16 km² in the Gambela region and Dima Woreda.
The Segele mine hosts an Indicated and Inferred Mineral Resource of approx. 69,000 ounces at a high average grade of 22.7 g/t gold. The mineralised system remains open at depth, supporting further resource growth and mine life extension. In addition, the Company's exploration licence hosts multiple high-quality targets with significant resource-building potential.
Akobo Minerals places ESG principles at the core of its operations, maintaining strong relationships with local communities and government authorities. The Company is committed to sound ethics, transparency and responsible mining practices.
Akobo Minerals is headquartered in Oslo and is listed on Euronext Growth Oslo and the Frankfurt Stock Exchange under the ticker AKOBO. In the United States, the Company's shares trade on the OTC Pink Market under the symbol AKOBF.
The Company fully complies with the JORC Code (2012) and places strong emphasis on meeting recognised industry standards.