Minesto AB is a Sweden-based company engaged in the development of tidal energy devices. The Company's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The Company has offices in Sweden, North Ireland and the United Kingdom. The Company is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.

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Independent Power Producers

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06-18	Calendar Monday June 22 - Friday June 26	FW
05-19	Minesto - Q1 2026	FW

Market Cap	192M 20.04M 17.47M 16.18M 15.15M 28.41M 1.89B 28.58M 74.39M 931M 75.21M 73.6M 3.23B	P/E 2023	-46.2x	P/E 2024	-12.2x
Enterprise Value	158M 16.45M 14.34M 13.28M 12.43M 23.32M 1.55B 23.46M 61.06M 764M 61.73M 60.41M 2.65B	EV / Sales 2023	30.7x	EV / Sales 2024	16.5x
Free-Float	86.67%	Yield 2023 *	-	Yield 2024	-

06-18	Calendar Monday June 22 - Friday June 26	FW
05-19	Minesto - Q1 2026	FW
05-04	Minesto Q1 operating loss SEK 7.1 mln	RE
05-04	Minesto narrows operating loss	FW
05-04	Minesto AB Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
04-27	Certain Ordinary Shares of Minesto AB are subject to a Lock-Up Agreement Ending on 27-APR-2026.	CI
03-17	Minesto Installs and Produces Electricity with Dragon 4 Powerplant in Faroe Islands	CI
03-17	Minesto Launches New Power Plant, Recovers Tidal Energy Kite in Faroe Islands	MT
03-17	Minesto provides project update on Faroe Islands	FW
02-26	Minesto H2 operating loss SEK 14.8 mln	RE
02-26	Minesto - Year-End Report 2025	FW
02-26	Minesto Reports Unchanged Operating Loss	FW
02-26	Minesto AB Reports Earnings Results for the Full Year Ended December 31, 2025	CI

12-22	Stockholm Bullets - Viscaria Soars on Buy Recommendation	FW
16/06/25	Di warns of risk of new share issue in Minesto	FW
17/12/24	Dagens industri warns of liquidity crisis in twelve popular environmental technology companies	FW

05-21	Notice to attend the Annual General Meeting in Minesto AB	AQ
05-13	Invitation to Minesto's webinar: Q1 update by CEO	AQ
05-04	Interim Management Statement 1 January - 31 March 2026	AQ
03-17	Project Update on Minesto Dragons in the Faroe Islands: Microgrid-scale powerplant Dragon 4 in electricity production	AQ
03-12	Minesto publishes the Annual Report for 2025	AQ

Minesto AB Stock Nasdaq Stockholm

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Financials

Company Profile

End-of-day quote Nasdaq Stockholm Other stock markets
- ^SEK	-

Manager	Title	Age	Since
Martin Johan Edlund CEO	Chief Executive Officer	57	03/02/2016
Alexander Jancke DFI	Director of Finance/CFO	-	01/10/2025
Johannes Hüffmeier COO	Chief Operating Officer	-	07/06/2023

Director	Title	Age	Since
Göran Harald Linder BRD	Director/Board Member	64	13/07/2009
Martin Johan Edlund CHM	Chairman	57	01/01/2008
Jonas Millqvist CHM	Chairman	65	-

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Average	+0.56%	-3.94%	+61.80%	+76.40%	15.42B
Weighted average by Cap.	-0.84%	-4.25%	+55.21%	+66.98%

	2023	2024
Net sales	41.78M 4.36M 3.8M 3.52M 3.3M 6.18M 412M 6.22M 16.19M 203M 16.37M 16.02M 703M	25.71M 2.68M 2.34M 2.17M 2.03M 3.81M 253M 3.83M 9.96M 125M 10.07M 9.86M 433M
Net income	-27.12M -2.83M -2.47M -2.29M -2.14M -4.01M -267M -4.04M -10.51M -131M -10.63M -10.4M -457M	-36.1M -3.77M -3.29M -3.04M -2.85M -5.34M -356M -5.38M -13.99M -175M -14.15M -13.84M -608M
Net Debt	-14.66M -1.53M -1.33M -1.24M -1.16M -2.17M -144M -2.18M -5.68M -71.07M -5.74M -5.62M -247M	-34.39M -3.59M -3.13M -2.9M -2.71M -5.09M -339M -5.12M -13.33M -167M -13.48M -13.19M -579M