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Grangex AB

Grangex AB

GRANGX.ST
Grangex ABSE flagStockholm Stock Exchange
41.10
SEK
+1.35
- -
578.42MMarket Cap
Grangex AB
GRANGX.ST
(Stockholm Stock Exchange)

Recent

price

41.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4,893.27
- -
148.82
38,319.53
1,404.72
1,024.56
1,397.93
714.79
139.72
109.14
3.39
2.12
2.43
3.66
1.37
1.59
1.42
Revenue per Share
522.42
- -
-79.79
-14,869.58
-926.86
-13.55
-293.74
-465.34
-38.52
-35.94
-1.36
-1.31
-1.36
-2.88
-13.34
-5.9
-10.33
Basic EPS, GAAP
-2,075.94
- -
-2.96
-5,863.58
-20.93
-284.79
-329.12
-274.82
4.02
-1.55
-0.44
-4.74
-5.01
-8.19
-14.17
-10.95
-10.45
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2,135.22
- -
5.81
-14,100.15
-157.66
88.25
-99.93
-314.8
0.24
8.99
18.25
-9.14
-7.9
-10.66
-19.03
-22.48
-27.02
Book Value per Share
3,603.12
- -
8.05
-10,147.11
-350.8
-143.96
-77.71
-264.43
-105.54
-65.63
10.09
7.18
4.13
-3.28
-27.03
-37.64
-45.76
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
7
10
10
13
14
14
Basic Weighted Avg Shares
29
- -
56
32
28
23
94
48
36
38
16
16
23
35
18
22
20
Sales/Revenue/Turnover
15.42
- -
-39.25
-44.21
-45.59
4.14
-17.99
-23.87
-21.5
-22.14
6.03
-69
-54.34
-58.17
-446.51
-222.17
-303.88
Operating Margin (%)
3
- -
18
8
4
3
3
9
3
2
1
1
1
1
18
- -
- -
Depreciation Expense
3
- -
-30
-12
-18
- -
-20
-31
-10
-12
-7
-10
-13
-28
-170
-83
-145
Net Income, GAAP
25.18
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
Effective Tax Rate (%)
10.68
- -
-53.61
-38.8
-65.98
-1.32
-21.01
-65.1
-27.57
-32.93
-40.26
-61.81
-56.02
-78.7
-970.41
-370.9
-726.91
Profit Margin (%)
4
-12
-18
-23
-20
-9
-10
-5
-14
-12
25
23
6
11
-233
-875
-949
Working Capital
8
15
9
7
6
8
17
19
18
13
9
4
1
110
636
134
89
LT Debt
21
24
6
-6
-5
-2
-4
-17
-27
-22
87
110
132
105
-4
-74
-139
Total Equity
10.51
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
12.81
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-312.06
Return on Capital (%)
31.39
- -
- -
- -
- -
- -
- -
- -
- -
-783.53
-14.45
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
2
2
LT Borrowings
- -
51
- -
LT Finance Leases
86
83
89
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
655
689
934

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
36
27
37
Cash, Cash Equivalents & STI
23
18
21
Accounts Receivable, Net
3
3
3
Inventories
3
1
2
Total Current Liabilities
299
902
986
Payables & Accruals
- -
- -
- -
ST Debt
1
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
168.35%
341.23%
1,783.66%
Free Cash Flow
201.7%
349.62%
-14.94%
Net Income, GAAP
695.55%
130.86%
-51.28%
Sales/Revenue/Turnover
25.22%
14.6%
27.48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7
5
3
3
18
2025
7
7
4
5
22
2026
5
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.56
-2.3
-2.94
-5.69
-13.34
2025
0.73
0.92
-2.74
-4.75
-5.9
2026
-3.74
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Grangex AB (publ) (GRANGX.ST) is a Sweden-based mineral development company that identifies, acquires, evaluates, and develops mineral projects primarily in Scandinavia for responsible extraction and recycling to support Europe's green steel transition and critical raw materials supply. The company focuses on high-grade iron ore, phosphate-bearing apatite containing rare earth elements, and lead products; its core projects include the Sydvaranger iron ore mine in Kirkenes, Norway, producing direct reduction-grade magnetite pellet feed; the Dannemora iron ore mine in Östhammar, Sweden, targeting carbon dioxide-free production; the Grängesberg apatite project in Sweden, processing mine tailings for EU-critical phosphate minerals; and Sala Bly in Sala, Sweden, specializing in custom recycled lead products for defense and medical technology applications. Operations target industrial customers in the European steel sector and beyond, with exploration and development activities centered in Sweden and Norway. Founded in 2006 and headquartered at Sandhamnsgatan 48A in Stockholm, Sweden, Grangex employs approximately 41 people and operates without noted subsidiaries or parent entities. In recent developments, Grangex completed the acquisition of Sydvaranger Mining AS from Orion Resource Partners in May 2024, positioning it as a leading developer of direct reduction iron ore projects in Europe; secured multiple royalty financings from Anglo American totaling US$27 million since the acquisition, including an additional US$9.5 million in June 2025 for a 2% lifetime revenue royalty to fund feasibility studies and project financing with zero shareholder dilution; and published a Preliminary Economic Assessment in late 2024 confirming reduced capital expenditures for Sydvaranger's planned restart in 2027, alongside an ongoing Definitive Feasibility Study expected in Q3 2025. The company, formerly known as Grängesberg Exploration Holding AB, shifted strategically toward high-grade DR-pellet feed production and fossil-free operations.