Published: 7/17/2026 8:34:12 AM
This is a news from the Finwire news agency Disclaimer
Energy company Igrene reports a slightly smaller loss for the first nine months of the broken financial year, while the company shifts its focus back to large-scale gas extraction in the Siljan Ring. Operating profit amounted to SEK -6.5 million (-7.0). Profit after financial items amounted to SEK -6.4 million (-7.0). Earnings per share amounted to SEK -0.02 (-0.02). Cash and cash equivalents amounted at the end of the period to SEK 19.2 million (6.3), after the company carried out a rights issue during the period that raised approximately SEK 20.6 million before issue costs. The company states that the geopolitical situation and the political process surrounding Sweden's energy supply have strengthened the conditions for obtaining permits for traditional gas extraction in Mora. Against this background, Igrene has once again focused primarily on industrialization and commercialization of Siljansgasen, while the investment in the technology company Seid remains a strategic asset. After the end of the reporting period, Henrik Badin was elected new Chairman of the Board and Ragnar Krefting new Board member. The Board has also decided to terminate the agreement with CEO Annette Blyhammar's consulting company, which means that the CEO assignment ends on August 31. "In light of this shift toward accelerated industrial scaling, changes have been made, after the end of the reporting period, in the Board and company management to ensure that the organization is optimally equipped to execute on the company's core business," the report states. Key figures, SEK million9 months 2025/269 months 2024/25Year-over-year changeOperating profit-6.5-7.0–Profit after financial items-6.4-7.0–Cash and cash equivalents19.26.3+204.7%Earnings per share, SEK-0.02-0.02–
Read more about AB Igrene