Minesto

Minesto reports a reduced operating loss of 15.4 million SEK in the first half of 2026 (previous year: 20.5 million SEK) and an 18% cut in operating expenses. Cash outflow from operating activities improved to 15.2 million SEK; liquid funds stood at 38.4 million SEK, which the company says is sufficient through the end of 2026. Technically, the modernized Dragon-4 system delivered record-consistent performance; Dragon-12 is considered commercially ready, while commercialization and further financing steps remain uncertain. » More on de.investing.com

Minesto has elected Philippe Kavafyan to its board of directors; the energy expert brings more than 30 years of experience, including leadership roles at MHI Vestas, General Electric and Aker, as well as an extensive international network. Kavafyan joins as Minesto expands its deployment activities in the Faroe Islands. The share price is up 84% year-to-date; the company remains unprofitable on USD 2.4 million in revenue over the last twelve months, but according to analysis holds more liquid assets than debt. » More on de.investing.com

Minesto announced a strategic realignment toward commercialization in its Q4 call, even though the flagship Dragon 12 system has not yet generated revenues. The company strengthened liquidity through a rights issue that raised net SEK 82.8 million, reported positive cash flow (SEK 33.0 million for the year) and a cash balance of SEK 67.5 million. Management plans market expansion to more than 20 countries, is exploring microgrids integration and license-based models, but continues to rely on operational and technological progress in tidal energy. Risks remain operational delays, the perception of tidal energy as high-risk and the short-term absence of revenues; the stock reacted with a slight decline of 1.02%. » More on de.investing.com