I believe this is a Red-belted conk/Fomitopsis pinicola/klibbticka, although I'm not entirely certain. I am, however, quite sure about the cause of the droplets. This phenomenon is called guttation, and it's a sign that the fungus is actively growing. As pressure builds inside the fungus, excess water and dissolved substances are released as droplets, helping to regulate moisture within the fruiting body. Fridenborgshöjden nature reserve in Värmland, Sweden (2 July 2026).


















