Assets

The Company's Long term assets, comprising of tangible and intangible assets, appear to be well-positioned for future growth, with a significant increase in tangible fixed assets, likely driven by investments in mining equipment and infrastructure. However, the Company's Short term assets, including cash and cash equivalents, have shown a notable increase, suggesting a potential shift towards liquidity management and risk mitigation. Overall, the Company's Total assets and investments appear to be aligned with its strategic objectives, with a focus on maintaining a balance between long-term growth and short-term liquidity.

Inventory

The realised value of Q2 2026 is 28.9 million Euros, while the predicted value of Q2 2027 (e) is 38.7 million Euros. The expected change in inventory is 9.8 million Euros, which represents a 34.2% increase from the realised value in Q2 2026. The inventory is expected to increase by 20.8 million Euros from 2025 to 2026, which is a 130.4% change. From 2026 to 2027, the inventory is expected to increase by 4.1 million Euros, which is a 11.3% change. The year-end values for Inventory are 16.1 million Euros in 2025, 36.9 million Euros in 2026, and 40.0 million Euros in 2027.

Account Receivables

The Accounts receivable value for Q2 2026 is 76.6 million Euros, and for Q2 2027 (e) it is 82.9 million Euros. The expected change in one year is an increase of 6.3 million Euros, which translates to a percentage increase of approximately 8.2%. The Accounts receivable is expected to increase by 25.2 million Euros from 2025 to 2026, which is a 40% change. From 2026 to 2027, the Accounts receivable is expected to decrease by 2.1 million Euros, which is a 2.4% change. The year-end values for Accounts receivable are 63.1 million Euros in 2025, 88.3 million Euros in 2026, and 86.2 million Euros in 2027.

The realised value for Q2 2026 is 140.5 million Euros, while the predicted value for Q2 2027 (e) is 401.6 million Euros. The predicted value is expected to increase by 286.1 million Euros, which represents a 204.3% change from the realised value. The change in Cash from 2025 to 2026 is 274.7 million Euros, representing a 2013% increase. From 2026 to 2027, the Cash is expected to increase by 223 million Euros, which is a 77% rise. The year-end values for Cash are 13.7 million Euros in 2025, 288.4 million Euros in 2026, and 511.4 million Euros in 2027.

Shareholders Equity

The Company's Shareholders Equity has demonstrated a significant increase, primarily driven by the positive net result and other comprehensive income, which have collectively contributed to a substantial enhancement in retained earnings. This upward trend is also influenced by the Company's ability to manage its liquidity effectively, as evidenced by its improved cash position and reduced reliance on short-term liabilities. Furthermore, the Company's equity ratio has shown a notable improvement, indicating a strengthening of its financial position and a reduced risk profile.

The value of Sotkamo Silver Equity at the end of Q2 2026 is 422.7 million Euros. The predicted value of Sotkamo Silver Equity at the end of Q2 2027 (e) is 614.6 million Euros. The expected change in one year is 191.9 million Euros, which is an increase of 45.5% from the Q2 2026 value. The equity is expected to increase from 243.5 million Euros in 2025 to 530.2 million Euros in 2026, which is a change of 286.7 million Euros, or a 118% increase. From 2026 to 2027, the equity is expected to increase by 191.9 million Euros, or a 36% increase. The year-end values for Equity are 243.5 million Euros in 2025, 530.2 million Euros in 2026, and 722.3 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's long-term debt has been effectively managed, with a significant reduction in the outstanding convertible loan balance, indicating a proactive approach to debt restructuring. However, the reliance on short-term debt, particularly in the form of current borrowings, poses a risk to the company's liquidity and may limit its flexibility in responding to future market conditions. The gearing ratio, while elevated, is somewhat mitigated by the company's strong equity position, which provides a cushion against potential debt-related risks.

Account Payables

The realised Accounts payables for Q2 2026 is 139.0 million Euros, while the predicted Accounts payables for Q2 2027 (e) is 62.7 million Euros. The expected change in one year is a decrease of 76.3 million Euros, which represents a 54.7% reduction. The Accounts payables for Sotkamo Silver are expected to decrease by 24.8 million Euros from 2025 to 2026, which is a 25.5% decrease. From 2026 to 2027, the Accounts payables are expected to decrease by 19.1 million Euros, which is a 26.2% decrease. The year-end values for Accounts payables are 97 million Euros in 2025, 73 million Euros in 2026, and 54 million Euros in 2027.

Net Debt

The Net Debt in Q2 2026 is -3.8 million Euros. The predicted Net Debt in Q2 2027 (e) is -264.9 million Euros, indicating a significant increase of 265.1 million Euros in one year. This represents a change of 7000% from the Q2 2026 value. The Net Debt is expected to decrease by 351.6 million Euros from 2025 to 2026, representing a 177.1% change. From 2026 to 2027, the Net Debt is predicted to decrease by 122.9 million Euros, representing a 80.8% change. The year-end Net Debt values for 2025, 2026, and 2027 are 199.9, -151.7, and -374.7 million Euros, respectively.