STOCKHOLM, April 23, 2025 —

“We are proud to be establishing ourselves as a leading European base metal company.” 
– Mikael Staffas, President and CEO.

Financial Results

• Revenue: SEK 21,121 m (18,481)
• Operating Income: SEK 3,062 m (1,615)
• Operating Income excl. PIR*: SEK 2,599 m (1,212)
• Free cash flow: SEK -1,869 m (-1,508)
• Earnings per share: SEK 7.99 (4.16)

*Process Inventory Revaluation

Key Highlights

• Operating profit, excluding the revaluation of process inventory, amounted to SEK 2,599 m (1,212)
• Strikes in Finland had an estimated impact of SEK -100 m (-400) on operating profit.
• Free cash flow was SEK -1,869 m (-1,508), negatively affected by an increase in working capital but positively affected by SEK 350 m in insurance compensation.
• Increased metal prices and a stronger USD had a positive effect compared to the first quarter of 2024.
• Reduced milled volume and recoveries in Aitik
• The Tara mine’s ramp-up is progressing successfully.
• Odda has commenced the commissioning phase of its expansion project.
• Lower treatment and refining charges
• Boliden secured SEK 3.75 billion through a directed share offering.

The Interim Report will be presented via webcast/conference call on Tuesday, April 23 at 09:30 (CEST). Information is available at .

For further information, please contact:
Olof Grenmark
Director Investor Relations
+46 70 291 57 80
 

This information is information that Boliden AB is obliged to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the Director Investor Relations, at 07:45 CEST on April 23, 2025.

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SOURCE Boliden

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