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7MN:FRA
Minesto AB
€0.100
-11.23%
(-0.013) 1D
Sep 2, 8:01:58 AM GMT+2  ·   EUR
All symbols
SymbolPriceChange% Change
Generating top insights for 7MN...
Open
€0.10
High
€0.10
Low
€0.10
Mkt. cap
376.67M
Avg. vol.
1.57K
Volume
0.00
52-wk high
€0.28
52-wk low
€0.03
No. of employees
31
Open
€0.10
High
€0.10
Low
€0.10
Mkt. cap
376.67M
Avg. vol.
1.57K
Volume
0.00
52-wk high
€0.28
52-wk low
€0.03
No. of employees
31
Profile
Minesto AB is a Swedish developer of electricity producing tidal kite turbines, based in Gothenburg. As of 2025 the company is focused on developing projects in the Faroe Islands. They also had a manufacturing base in Holyhead, North Wales, although this closed in 2025, and a test facility at Portaferry, Northern Ireland. The company has tested devices and developed plans to install arrays off the coast of Anglesey, North Wales and in the Faroe Islands. They are also collaborating with National Taiwan Ocean University and TCC Green Energy, a subsidiary of Taiwan Cement, to develop projects in Taiwan. Minesto was formed in 2007 from the wind department of the Swedish aerospace and defense company Saab Group. The Minesto devices somewhat resembles a plane, with a wing and control surfaces to steer the device through the water in a figure-of-eight shape. It is tethered to the seabed by a cable that also carries power and communication signals. By "flying" through the water using hydrodynamic lift, the device can travel several time faster than the current speed, allowing it to be used in areas of lower tidal currents than conventional turbines. Wikipedia
About Minesto AB
CEOMartin Edlund
Employees31
Founded2007
Headquarters-
Sectorcapital good
Previous reportsAll values in SEK
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in SEK
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
17.05M
-17.05M
5.62M
-5.62M
Cost of goods sold
34.04M
-22.63M
12.68M
-4.12M
Cost of revenue
34.04M
-22.63M
12.68M
-4.12M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
-21.44M
38.91M
-
18.03M
Operating expense
-9.34M
12.09M
-
6.87M
Total operating expenses
24.70M
-10.54M
12.68M
2.76M
Operating income
-7.65M
-6.50M
-7.06M
-8.38M
Other non operating income
-1.00K
-
-
-
EBT including unusual items
-8.37M
-6.50M
-6.89M
-8.13M
EBT excluding unusual items
-8.37M
-6.50M
-6.89M
-8.13M
Income tax expense
-
1.00K
-
-
Effective tax rate
-
-0.02%
-
-
Other operating expenses
12.23M
-27.08M
-
-11.27M
Net income
-8.37M
-6.50M
-6.89M
-8.13M
Net profit margin
-49.10%
38.11%
-122.55%
144.62%
Earnings per share
-
-
-
-
Interest and investment income
-
279.00K
179.00K
262.00K
Interest expense
-714.00K
-273.00K
-
-13.00K
Net interest expenses
-714.00K
6.00K
179.00K
249.00K
Depreciation and amortization charges
-137.00K
252.00K
-
110.00K
EBITDA
-7.59M
-6.44M
-7.00M
-8.32M
Gain or loss from assets sale
-
-
-
-
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