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7MN:FRA
Minesto AB
€0.16
-2.17%
(-0.0036) 1D
Jul 14, 10:00:00 PM GMT+2  ·   EUR
All symbols
SymbolPriceChange% Change
Generating top insights for 7MN...
Open
€0.16
High
€0.16
Low
€0.16
Mkt. cap
560.54M
Avg. vol.
18.42K
Volume
0.00
52-wk high
€0.36
52-wk low
€0.03
No. of employees
36
Open
€0.16
High
€0.16
Low
€0.16
Mkt. cap
560.54M
Avg. vol.
18.42K
Volume
0.00
52-wk high
€0.36
52-wk low
€0.03
No. of employees
36
News stories
From sources across the web
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
Employees36
Founded2007
Headquarters-
Sectorcapital good
Websiteminesto.com
Previous reportsAll values in SEK
Loading Previous Earnings...
Income statement
Revenue
Net income
All values in SEK
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Revenue
5.94M
4.81M
5.92M
5.62M
Cost of goods sold
-5.84M
34.04M
-22.63M
12.68M
Cost of revenue
-5.84M
34.04M
-22.63M
12.68M
Research and development expenses
-
-
-
-
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
21.44M
-21.44M
38.91M
-
Operating expense
21.58M
-21.58M
35.06M
-
Total operating expenses
15.74M
12.47M
12.42M
12.68M
Operating income
-9.81M
-7.65M
-6.50M
-7.06M
Other non operating income
1.00K
-1.00K
-
-
EBT including unusual items
-10.93M
-8.37M
-6.50M
-6.89M
EBT excluding unusual items
-10.93M
-8.37M
-6.50M
-6.89M
Income tax expense
-
-
1.00K
-
Effective tax rate
-
-
-0.02%
-
Other operating expenses
-1.00K
1.00K
-4.11M
-
Net income
-10.93M
-8.37M
-6.50M
-6.89M
Net profit margin
-184.09%
-173.88%
-109.69%
-122.55%
Earnings per share
-
-
-
-
Interest and investment income
13.00K
-
279.00K
179.00K
Interest expense
-1.13M
-714.00K
-273.00K
-
Net interest expenses
-1.12M
-714.00K
6.00K
179.00K
Depreciation and amortization charges
137.00K
-137.00K
252.00K
-
EBITDA
-9.74M
-7.59M
-6.44M
-7.00M
Gain or loss from assets sale
-
-
-
-
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