Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Akobo Minerals AB ( (DE:643) ) has provided an announcement.
Akobo Minerals AB reported its first positive EBITDA of SEK 6.9 million in Q3 2025, with revenues of SEK 22.9 million, marking a significant milestone in its financial performance. The company advanced its vertical shaft project, secured a USD 3 million investment from Ethiopian Investment Holdings, and restructured a loan to improve financial conditions. Post-quarter, Akobo maintained stable production and a strong cash position, benefiting from high gold prices, which bolstered its future revenue potential.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold producer and explorer with operations in Ethiopia. The company holds exploration and mining licenses in the Gambela region and Dima Woreda, Ethiopia, and has been active in the Ethiopian mining industry for over 15 years. Akobo Minerals’ Segele mine boasts a high-grade gold resource, and the company is committed to ESG principles, maintaining strong community and government relationships. It is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange.
Average Trading Volume: 409,030
Current Market Cap: NOK502.6M
See more data about 643 stock on TipRanks’ Stock Analysis page.