Nordic Mining ASA

Nordic Mining ASA

0.72
NOK
+0.13
(+21.21%)
-6.58EPS
915.57MMarket Cap
Nov 03Next 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
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.04
0.06
Basic EPS, GAAP
-9.28
-5.38
-4.02
-4.29
-4.53
-7.85
0.12
-2.09
0.3
17.51
-0.51
-1.06
-4.04
-6.58
Free Cash Flow per Basic Share
-5.72
-3.75
-3.25
-4.8
-5.07
-7.35
-6.57
-2.68
-3.43
-24.52
-10.3
-11.15
-4.51
-4.2
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.5
6.03
7.32
11.8
8.32
8.26
10.55
10.3
13.25
24.21
14.1
13.03
9.07
6.36
Tangible Book Value per Share
6.17
4.71
7.32
11.8
8.32
8.26
10.55
10.3
13.25
24.21
14.1
13.03
8.87
6.18
Basic Weighted Avg Shares
3
4
5
6
8
9
12
16
18
12
90
108
108
115
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
6
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-11,653.31
-12,008.71
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
108
- -
Net Income, GAAP
-32
-23
-19
-27
-36
-72
1
-33
5
202
-46
-115
-438
-759
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-9,171.64
-11,875.39
Working Capital
13
14
29
62
20
43
27
37
27
167
1,568
304
255
45
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
903
1,044
1,496
1,486
Total Equity
36
31
43
97
70
90
144
164
246
454
1,529
1,413
983
795
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
-29.37
-5.41
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
1.26
- -
2.63
26.26
- -
- -
- -
- -
Return on Common Equity (%)
-88.82
-69.55
-51.57
-38.33
-42.47
-90.57
1.19
-21.38
2.62
57.82
-4.65
-7.82
-36.56
-70.54

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
- -
- -
LT Borrowings
1,492
1,450
1,486
LT Finance Leases
4
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
108
125
125
Market Capitalization
1,977
1,476
916

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
443
480
292
Cash, Cash Equivalents & STI
306
360
150
Accounts Receivable, Net
3
26
24
Inventories
62
73
98
Total Current Liabilities
188
260
247
Payables & Accruals
- -
- -
- -
ST Debt
2
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
53.24%
66.58%
-30.43%
Free Cash Flow
76.67%
120.28%
-59.56%
Net Income, GAAP
146.66%
771.93%
280.68%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
3
1
1
5
2026
4
- -
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.38
0.09
0.09
-0.87
-1.06
2025
0.2
-0.75
-1.34
-2.15
-4.04
2026
-1.32
-1.78
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

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

Company Description

CEO
Otto Søberg
Full Time Employees
102
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Oslo Norway
IPO Date
Nov 6, 2006
Business
Nordic Mining ASA is a Norway-based resource company engaged in the exploration, development, and commercial production of high-grade critical minerals and industrial metals. Founded in 2006 and headquartered in Oslo, Norway, the company operates primarily through its wholly-owned subsidiaries, including Engebø Rutile and Garnet AS, Nordic Quartz AS, and Nordic Titanium AS. Nordic Mining's flagship asset is the Engebø Rutile and Garnet Project located in Sunnfjord on the western coast of Norway, developed from an eclogite deposit known for high-purity titanium dioxide and garnet mineralization. The company's core product portfolio includes natural rutile concentrate, utilized as a high-grade titanium dioxide (TiO2) feedstock for the manufacture of white pigments, titanium metal, welding rod coatings, and aerospace-grade components; industrial almandine garnet abrasives, distributed under the Barton HPA brand for high-pressure waterjet cutting, abrasive blasting, surface preparation, and industrial water filtration; and high-purity hydrothermal quartz, developed via the Kvinnherad deposit for advanced applications in solar photovoltaics, semiconductor crucibles, optical glass, and microelectronics. Nordic Mining distributes its mineral products to industrial manufacturers and commercial clients across Europe, North America, and the Asia-Pacific region. In recent major developments, the company completed construction and commissioned the Engebø processing plant in late 2024, achieving first mineral concentrate production and transitioning into an active commercial production ramp-up phase through 2025 and 2026. In early 2026, Nordic Mining launched a comprehensive operational improvement program, enlisting specialized engineering and mineral processing consultancies to eliminate dry-plant bottlenecks and accelerate operations toward nameplate capacity. In strategic commercial developments, the company finalized an exclusive global distribution agreement with Barton International in 2025 for worldwide garnet sales, complementing long-term rutile offtake agreements and equity investments established with Japan's Iwatani Corporation. To bolster liquidity during the production ramp-up, the company completed equity capital raises and negotiated financing support and covenant waiver agreements with bondholders in 2026.