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Akobo Minerals AB ( (DE:643) ) has issued an update.
Akobo Minerals reported its strongest operational quarter to date in Q4 2025, generating revenue of SEK 29.8 million and EBITDA of SEK 12.9 million, marking a second consecutive EBITDA-positive period as cash reached SEK 33.1 million. Gold production for the quarter totalled about 21.5 kg at a high average grade, bringing cumulative output to roughly 73 kg since start-up and underpinning the company’s expectation of remaining EBITDA-positive into early 2026.
Operationally, the company advanced key mine development initiatives, completing fabrication of headgear, starting and then completing civil works for the vertical shaft foundation, and deciding to sink the shaft to its final depth in one continuous phase. Post-period, Akobo lifted total production to about 80.5 kg, restarted shaft sinking with temporary winch and headgear in place, converted all remaining convertible bonds into equity to simplify its capital structure, and reported cash and unsold gold of about USD 6 million, signalling strengthening liquidity despite a still negative equity position and significant long-term debt.
These developments position Akobo to transition from early-stage producer to more stable operator, with improved operational efficiency and underground access expected from the shaft project. The combination of consistent high-grade output, positive EBITDA momentum and a cleaner balance sheet is likely to reassure investors and stakeholders about the company’s ability to advance its Ethiopian gold project while managing financial constraints.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold producer and explorer with more than 15 years of operations in Ethiopia, focused on the Gambela region and Dima Woreda. The company holds an exploration licence over 182 km² and a mining licence over 16 km², centred on the high-grade Segele deposit, and is listed in Oslo, Frankfurt and on the U.S. OTC Pink market.
The Segele mine contains an Indicated and Inferred Mineral Resource of about 69,000 ounces at an average grade of 22.7 g/t, with the mineralised system remaining open at depth, supporting potential resource growth and mine life extension. Akobo emphasises ESG principles, maintaining relationships with local communities and authorities while adhering to the JORC Code and recognised industry standards for responsible mining.
The company’s exploration licence hosts multiple high-quality targets with significant resource-building potential beyond Segele. Headquartered in Oslo, Akobo Minerals aims to advance its Ethiopian gold operations while simplifying its capital structure and maintaining transparency and sound ethics in its business practices.
Average Trading Volume: 481,458
Current Market Cap: NOK500.3M
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