Maha Capital AB (publ)

Maha Capital AB (publ)

MAHA-A.ST
Maha Capital AB (publ)SE flagStockholm Stock Exchange
8.92
SEK
- -
- -
1.57BMarket Cap
Maha Capital AB (publ)
MAHA-A.ST
(Stockholm Stock Exchange)

Recent

price

8.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.04
0.01
- -
0.17
0.39
0.56
0.38
0.05
0.1
0.03
- -
- -
0.01
Revenue per Share
-0.06
-0.09
-0.03
-0.03
0.26
0.2
-0.1
0.19
0.19
-0.21
-0.18
-0.14
-0.18
Basic EPS, GAAP
-0.33
-0.09
-0.07
-0.05
0.03
0.29
0.15
0.27
0.45
-0.08
-0.07
-0.02
-0.05
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.73
0.46
-0.16
-0.13
0.14
0.34
0.23
0.4
0.56
0.21
0.01
-0.13
-0.14
Book Value per Share
0.78
0.5
0.57
0.56
0.71
0.88
0.55
0.81
1.17
0.94
0.67
0.56
0.65
Tangible Book Value per Share
32
43
54
87
98
99
101
113
121
165
177
176
172
Basic Weighted Avg Shares
1
1
- -
15
38
56
39
6
12
5
- -
- -
1
Sales/Revenue/Turnover
-132.54
-279.8
- -
8.47
48.81
52.67
28.98
-78.82
-16.2
-110.45
- -
- -
-782.97
Operating Margin (%)
- -
- -
- -
2
4
6
6
9
13
2
5
12
11
Depreciation Expense
-2
-4
-2
-3
26
20
-10
22
23
-34
-33
-25
-32
Net Income, GAAP
- -
- -
- -
- -
- -
20.45
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-133.81
-614.91
- -
-19.51
67.25
35.36
-26.29
376.61
186.04
-649.69
- -
- -
-2,202.09
Profit Margin (%)
8
4
7
18
19
23
-46
6
126
97
99
113
117
Working Capital
- -
- -
- -
33
31
31
3
47
27
12
- -
16
16
LT Debt
25
22
31
48
69
88
56
91
141
155
120
99
113
Total Equity
- -
- -
- -
- -
- -
21.04
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
42.56
- -
- -
- -
- -
- -
- -
-103.56
Return on Capital (%)
- -
-17.9
- -
- -
- -
82.02
-35.79
62.87
40.5
-66.39
-181.9
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
13
- -
- -
LT Borrowings
15
16
16
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
176
176
176
Market Capitalization
172
133
269

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
113
114
118
Cash, Cash Equivalents & STI
84
51
50
Accounts Receivable, Net
1
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
13
1
- -
Payables & Accruals
- -
- -
- -
ST Debt
13
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.99%
17.68%
-17.48%
Free Cash Flow
70.7%
-0.56%
-66.66%
Net Income, GAAP
-175.61%
-116.07%
-24.01%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
2
- -
- -
- -
2025
- -
1
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
-0.14
-0.15
0.06
-0.18
2025
0.03
-0.12
-0.03
-0.03
-0.14
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Maha Capital AB (publ) operates as a listed international company primarily in the oil and gas sector, focused on acquiring, developing, and managing energy and mineral assets. The company produces and sells oil and gas products, with a portfolio that includes significant stakes in onshore and offshore oil fields in regions such as South America and the United States. Maha Capital also invests in and manages assets in related industries, aiming to build a diversified portfolio with strong cash flow potential. Founded in 2007 and headquartered in Stockholm, Sweden, Maha Capital has expanded its operating footprint to include assets in the Americas, particularly Brazil and Venezuela. In 2025, Maha Energy AB rebranded to Maha Capital AB to reflect a strategic shift from a pure oil and gas focus toward becoming a diversified investment platform. This transformation involves broadening its investment scope beyond traditional energy and minerals into sectors including fintech, exemplified by a strategic alliance and acquisition of KEO World Inc., signaling a move to an equity-driven, diversified asset allocation approach. Maha Capital continues to actively develop its energy assets with production increases at its Brava asset and efforts to acquire and operationalize new assets such as PetroUrdaneta in Venezuela. The company has also undertaken financial restructuring actions, including refinancing debt facilities to improve financial efficiency. Maha Capital’s core products and services include exploration, production, and sale of crude oil and natural gas; asset acquisition and development in the energy sector; and management of diversified investments in energy, minerals, and new sectors such as fintech. The company serves global markets with a particular focus on high-potential cash-generating assets that align with its strategic goal of building a balanced portfolio combining stable revenue streams and growth opportunities. Its operational strategy emphasizes value creation through both organic growth in production and strategic acquisitions. Overall, Maha Capital AB represents a company evolving from an oil and gas producer into a broader investment and asset management platform with diversified interests in energy, minerals, and other growth sectors, backed by an active investment strategy and significant recent corporate restructuring and rebranding efforts in 2024-2025. The company is listed on Nasdaq Stockholm under the ticker MAHA-A and maintains headquarters in Stockholm, Sweden.