Kaunis Holding publishes Annual and Sustainability Report

Net sales for the year amounted to SEK 1,769 million, compared with SEK 1,805 million in the previous year. The result for the full year amounted to SEK -639 million. The result was significantly impacted by an impairment related to previous investments in waste rock mining amounting to SEK 536 million, corresponding to SEK 426 million after tax. Excluding this item, the result for the year amounted to SEK -213 million.

Cash flow was positive for the full year, and total production amounted to 1,900 kton.
“The uncertain global environment has had a negative impact on operations during the year. The combination of a weaker US dollar, continued market uncertainty, and lower production has affected both revenue and earnings. At the same time, implemented efficiency measures have contributed to lower operating costs and positive cash flow,” says Linus Styrman, CFO of Kaunis Iron.

In February 2026, following the end of the financial year, the company’s environmental permit gained legal force. This marks an important milestone for the business and creates the conditions for long-term mining operations in Tornedalen.
“The legally binding environmental permit provides a stable foundation for the long-term development of the business and our continued strategic efforts going forward,” says Klas Dagertun, CEO of Kaunis Iron.

The Annual Report is available on Kaunis Iron’s website.