1. Sweden Stocks

  2. •

    Utilities

  3. •

    Alternative power generation
Minesto AB

Minesto AB

0.09
EUR
-0.06
(-40.63%)
-0.01EPS
37.09MMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.32
-0.27
-0.24
-0.2
-0.1
-0.11
-0.8
-0.1
-0.1
-0.59
-0.17
-0.19
-0.17
-0.13
Free Cash Flow per Basic Share
-1.14
-0.74
-0.74
-0.54
-0.99
-0.97
-1.13
0.19
-0.66
-0.81
-0.74
-0.34
-0.31
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.85
1.04
3.05
2.85
3.25
2.91
3.2
3.07
3.74
3.15
3.2
2.93
2.42
2.37
Tangible Book Value per Share
0.11
0.06
1.3
0.99
0.97
0.57
1.77
1.29
1.56
0.42
0.18
0.12
0.22
0.1
Basic Weighted Avg Shares
34
34
65
65
77
105
125
134
144
144
157
186
210
232
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
-91,506.67
-7,748.37
-46,210.58
- -
- -
- -
- -
- -
- -
- -
-7,335.04
-32,064
- -
- -
Depreciation Expense
1
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-11
-9
-16
-13
-8
-11
-100
-13
-15
-84
-27
-36
-37
-30
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-72,966.67
-7,039.66
-41,713.89
- -
- -
- -
- -
- -
- -
- -
-6,936.83
-48,138.67
- -
- -
Working Capital
-2
-8
67
43
52
34
166
115
162
60
29
23
56
27
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
- -
Total Equity
66
81
198
185
251
304
399
412
538
453
523
569
630
615
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-12.57
-11.13
-6.74
-3.6
-3.96
-28.44
-3.28
-3.14
-17.04
-5.56
-6.62
-6.11
-5.07

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
1
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
260
260
260
Market Capitalization
164
175
411

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
78
62
48
Cash, Cash Equivalents & STI
68
- -
38
Accounts Receivable, Net
10
- -
9
Inventories
- -
- -
- -
Total Current Liabilities
22
- -
21
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.43%
9.97%
10.85%
Free Cash Flow
-44.89%
-98.63%
5.01%
Net Income, GAAP
115.05%
88.9%
1.47%
Sales/Revenue/Turnover
- -
- -
-100%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.07
-0.06
-0.05
-0.02
-0.19
2025
-0.06
-0.05
-0.04
-0.03
-0.17
2026
-0.03
-0.03
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Martin Johan Edlund
Full Time Employees
31
Sector
Utilities
Industry
Alternative power generation
Address
J A Wettergrens gata 14 Västra Frölunda Sweden 421 30
IPO Date
Nov 9, 2015
Website
minesto.com
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Business
Minesto AB (publ) develops and commercializes innovative marine energy technology for generating electricity from tidal streams and ocean currents using patented subsea kite systems. The company offers its flagship Deep Green and Dragon class products, including the Dragon 12 (1.2 MW rated power, 12-meter wing span, 28 tonnes) and Dragon 4 (100 kW rated power, 4.9-meter wing span, 2.7 tonnes), which operate by flying underwater kites tethered to the seabed to achieve high relative flow speeds for efficient power generation in low-velocity waters; it also provides site development, operations, maintenance services, and microgrid solutions integrating tidal power for baseload renewable energy. Minesto AB (publ) targets utility companies, off-grid industries, and renewable energy markets in regions with suitable tidal resources, with key operations in Sweden, the Faroe Islands, Taiwan, and previously Wales and Northern Ireland. Founded in 2007 as a spin-off from Saab, the company maintains headquarters in Gothenburg, Sweden, at J A Wettergrens gata 14, and employs approximately 50 professionals with expertise in hydrodynamics, control systems, and subsea engineering. Main shareholders include BGA Invest and Corespring New Technology, with shares listed on Nasdaq First North Growth Market (MINEST.ST). Recent developments include a SEK 99 million rights issue completed in October 2025 to fund commercial rollout; a SEK 22 million loan from Fenja Capital in June 2025 for working capital; a 25 MSEK grant from the Swedish Energy Agency in June 2025 to lead a consortium with Capture Energy, Sev, and IVL for a tidal microgrid in Vestmanna, Faroe Islands, launched in September 2025 with local end-user applications; completion of a cost-reducing reorganization in July 2025 with 35% lower fixed costs and geographic relocations; appointment of Alexander Jancke as CFO in August 2025; achievement of a 25% power increase via longer tether on the Dragon 12 (Luna) in June 2025; and accelerated site maturation at Hestfjord for the world's first commercial-scale Dragon Farm array, alongside partnership explorations in Indonesia, Canada, Ireland, Japan, the Philippines, and Taiwan.