Minesto AB is a Sweden-based company engaged in the development of tidal energy devices. The Company's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The Company has offices in Sweden, North Ireland and the United Kingdom. The Company is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.

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Independent Power Producers

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06:21pm	Minesto Announces Dragon 4 Power Plant Upgrade and Sets Electricity Production Record	CI
12:04pm	Minesto's Dragon 4 hits record-high power output in the Faroe Islands	FW

Market Cap	19Cr 2.02Cr 1.75Cr 1.64Cr 1.5Cr 2.82Cr 192.92Cr 2.86Cr 7.53Cr 97Cr 7.6Cr 7.43Cr 321.45Cr	P/E 2023	-46.2x	P/E 2024	-12.2x
Enterprise Value	16Cr 1.66Cr 1.44Cr 1.34Cr 1.23Cr 2.31Cr 158.36Cr 2.35Cr 6.18Cr 79Cr 6.23Cr 6.1Cr 263.85Cr	EV / Sales 2023	30.7x	EV / Sales 2024	16.5x
Free-Float	86.67%	Yield 2023 *	-	Yield 2024	-

06:21pm	Minesto Announces Dragon 4 Power Plant Upgrade and Sets Electricity Production Record	CI
12:04pm	Minesto's Dragon 4 hits record-high power output in the Faroe Islands	FW
29/06	Philippe Kavafyan joins Minesto's board	FW
23/06	Minesto AB Approves Election of Philippe Kavafyan as Director	CI
18/06	Calendar Monday June 22 - Friday June 26	FW
19/05	Minesto - Q1 2026	FW
04/05	Minesto Q1 operating loss SEK 7.1 mln	RE
04/05	Minesto narrows operating loss	FW
04/05	Minesto AB Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
27/04	Certain Ordinary Shares of Minesto AB are subject to a Lock-Up Agreement Ending on 27-APR-2026.	CI
17/03	Minesto Installs and Produces Electricity with Dragon 4 Powerplant in Faroe Islands	CI
17/03	Minesto Launches New Power Plant, Recovers Tidal Energy Kite in Faroe Islands	MT
17/03	Minesto provides project update on Faroe Islands	FW

22/12	Stockholm Bullets - Viscaria Soars on Buy Recommendation	FW
16/25/16	Di warns of risk of new share issue in Minesto	FW
17/24/17	Dagens industri warns of liquidity crisis in twelve popular environmental technology companies	FW

11:58am	Dragon Power unleashed: Minesto's Tidal Energy Power Plant sets electricity production record over summer	AQ
07/07	Global exposure for Minesto's Tidal Dragons following Cannes Lions Grand Prix win	AQ
29/06	Minesto strengthens global expansion capabilities with the appointment of energy industry executive Philippe Kavafyan to its Board	AQ
24/06	CEO speech to the Annual General Meeting 2026 of Minesto AB	AQ
23/06	Report from the Annual General Meeting 2026 of Minesto AB	AQ

Minesto AB Share Price Nasdaq Stockholm

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End-of-day quote Nasdaq Stockholm Other stock markets
- ^SEK	-

Manager	Title	Age	Since
Martin Johan Edlund CEO	Chief Executive Officer	57	03/02/2016
Alexander Jancke DFI	Director of Finance/CFO	-	01/10/2025
Johannes Hüffmeier COO	Chief Operating Officer	-	07/06/2023

Director	Title	Age	Since
Göran Harald Linder BRD	Director/Board Member	64	13/07/2009
Martin Johan Edlund CHM	Chairman	57	01/01/2008
Jonas Millqvist CHM	Chairman	65	-

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Average	-0.51%	-1.74%	+38.73%	+71.32%	1.63TCr
Weighted average by Cap.	-0.20%	-1.56%	+29.52%	+63.50%

	2023	2024
Net sales	4.18Cr 44.04L 38.12L 35.63L 32.57L 61.37L 42Cr 62.33L 1.64Cr 21Cr 1.65Cr 1.62Cr 70Cr	2.57Cr 27.1L 23.46L 21.93L 20.04L 37.76L 26Cr 38.35L 1.01Cr 13Cr 1.02Cr 99.53L 43Cr
Net income	-2.71Cr -28.58L -24.75L -23.13L -21.14L -39.84L -27Cr -40.46L -1.06Cr -14Cr -1.07Cr -1.05Cr -45Cr	-3.61Cr -38.05L -32.94L -30.79L -28.14L -53.03L -36Cr -53.86L -1.42Cr -18Cr -1.43Cr -1.4Cr -60Cr
Net Debt	-1.47Cr -15.45L -13.37L -12.5L -11.43L -21.53L -15Cr -21.87L -57.52L -7.37Cr -58.01L -56.75L -25Cr	-3.44Cr -36.24L -31.38L -29.33L -26.8L -50.51L -35Cr -51.3L -1.35Cr -17Cr -1.36Cr -1.33Cr -58Cr