Akobo Minerals Ab · OSL:AKOBO
Akobo Minerals Ab — Q1 2026 Earnings Presentation
15 slides from Akobo Minerals Ab's earnings presentation, Jun 30, 2026
Slide 1: First quarter 2026
First quarter 2026 - 01.01.26 – 31.03.26 AKOBO MINERALS AB (publ) 30th June 2026 Euronext – AKOBO www.akobominerals.com
Slide 2: Disclaimer
Disclaimer This document has been used during an oral presentation. Therefore, this document is incomplete without the oral explanations, comments and supporting instruments that were submitted during the referred presentation. To the extent permitted by law, no representation or warranty is given,
Slide 3: Akobo Minerals – Segele high-grade operations
Akobo Minerals – Segele high-grade operations HIGH-GRADE DEPOSIT • Indicated: 41 koz @ 40.6 g/t • Total: 69 koz @ 22.7 g/t • Significantly above underground industry averages • High grades underpin low unit costs and strong margins PRODUCTION PROFILE • Steady production: 7–8 kg/month from current wi
Slide 4: Production and financial update
Production and financial update 131 Q1 – STRONGEST QUARTER TO DATE 96 • 23 kg gold produced 73 • ~96 kg doré produced year-to-date (end March) 52 31 35 21 21 22 23 6 10 Q2 – EXPECTED RECORD QUARTER (estimate) Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 est. • ~35 kg gold production, including 8 kg estimate
Slide 5: Current operations update
Current operations update OPERATIONAL HIGHLIGHTS • Stable mining operations from winzes with continued access to ore • Strong processing performance with consistent high grades, recovery and purity DEVELOPMENT HIGHLIGHTS • Shaft development ~50% complete (120 m planned), ~65 m remaining • ~7–10 m to
Slide 6: Shaft development timeline
Shaft development timeline PHASE 1 – SHAFT DEVELOPMENT June–Aug 2026 • Continued shaft sinking • Progress dependent on ground conditions • Additional stabilization where required PHASE 2 – LATERAL 1 ACCESS Sept–Oct 2026 • Development into lateral drive 1 • Headgear and main winch installation • Comm
Slide 7: Established operating model with clear path to scale
Established operating model with clear path to scale ESTABLISHED OPERATIONS • Consistent production over 1.5 years • Stable grades, recovery and purity • Demonstrated ability to convert gold production into USD cash flow DESIGNED CAPACITY • 4,000 t/month plant and hoisting capacity SHORT-TERM SHAFT
Slide 8: Financial performance and operational leverage
Financial performance and operational leverage All figures in mSEK – unaudited quarterly figures P&L DEVELOPMENT EQUITY & DEBT DEVELOPMENT 32,1 396,1 401,9 414,1 29,8 349,8 22,8 12,9 14,0 9,6 6,9 Q2-25 Q3-25 Q4-25 Q1-26 - 3,1 Q2-25 Q3-25 Q4-25 Q1-26 - 12,7 - 15,9 - 16,9 - 18,1 - 192,4 - 182,3 -219,7
Slide 9: Corporate structure and ownership
Corporate structure and ownership Corporate structure and listing Transparent corporate structure Top shareholders ▪ Listed on Euronext Growth Oslo (AKOBO) Rank Shares % Name 1 20 190 224 8,80 % Bernhd. Brekke A/S 2 19 915 435 8,68 % ATOLI AS ▪ ~3,000 shareholders with strong Norwegian investor base
Slide 10: Looking ahead – building value step-by-step
Looking ahead – building value step-by-step 1. SCALE PRODUCTION AND CASH FLOW • Production ramp-up from shaft • Increasing cash flow from Segele operations • Reinvestment into growth and development 2. REINVEST TO GROW SEGELE • Lateral development enabling access to expanded mineralisation and incre
Slide 11: Financial update
Financial update " &) AKOBOMINERALS
Slide 12: Income statement – Group
Income statement – Group Comments to figures • SEK 32.1 million in gold-related revenue (doré production) • SEK 3.7 million in other expenses mainly relate to consulting services such as accounting, auditing and legal both in Norway and Sweden • SEK 9.2 million in other expenses mainly relate to min
Slide 13: Balance sheet – Group
Balance sheet – Group Comments to figures • Fixed assets primarily consist of capitalised exploration costs and mining equipment at the Segele operation in Ethiopia • Long-term debt consists of a 9,698 ounces gold loan from Monetary Metals, which is linked to gold price movements • Cash decreased du
Slide 14: Cash flow – Group
Cash flow – Group Cash flow statement not included for Q1 Cash development is reflected in balance sheet 14
Slide 15: Q&A
Q&A 15 15