Sotkamo Silver AB Reports Record Q1 2026 Results
Sotkamo Silver AB, a materials‑sector exploration and development company listed on the Frankfurt Stock Exchange, announced its interim results for the first quarter of 2026 on 29 April 2026. The company, which focuses on silver, gold, and zinc projects in Sweden and Finland, highlighted the following key performance indicators:
| Item | 2026 Q1 | 2025 Q4 |
|---|---|---|
| Net sales | 186 MSEK | 69 MSEK |
| Revenue growth | 170 % | – |
| EBITDA | 99 MSEK | –8 MSEK |
| Operating profit | –24 MSEK | –89 MSEK |
| Silver production | ~201 000 oz | – |
Revenue and Profitability
Sotkamo Silver recorded a 170 % increase in net sales compared with the previous quarter, reaching 186 million Swedish krona (MSEK). The growth is attributed primarily to the high value of silver, with the company producing approximately 201 000 ounces during the three‑month period. EBITDA rose to 99 MSEK, a turnaround from an EBITDA loss of 8 MSEK in the same period last year. Operating profit improved to ‑24 MSEK from a loss of ‑89 MSEK in 2025 Q4, reflecting stronger cost management and higher commodity prices.
Production Highlights
The company’s main project, the Silver Mine concession covering 530 hectares in the municipality of Sotkamo, Finland, contributed the bulk of the production increase. The 201 000 ounces of silver sold during Q1 represent the highest output to date for the company, underpinning the record revenue figures.
Market Reaction
The announcement was followed by a modest market response. As of 27 April 2026, Sotkamo Silver’s share price traded at 0.36 EUR on the Frankfurt Stock Exchange. The 52‑week range for the stock is 0.737 EUR (high) to 0.0507 EUR (low). Analyst coverage from the Swedish brokerage Inderes adjusted its target price to 3.70 kronor (≈ 0.37 EUR), signalling an expectation of continued upside potential based on the recent earnings rebound.
Outlook
While the company has not provided a detailed guidance update, the interim report indicates a positive trajectory in both production and profitability. The successful first quarter sets a strong foundation for the remainder of 2026, as Sotkamo Silver continues to develop its Nordic mining assets and explores opportunities in related metals markets.
