Boliden Q4 Interim Report and year-end report for 2025: Strong metal prices

03 Feb 2026 07:45 CET

"During the quarter our production in general has been relatively stable and
there are several positive takeaways which we will bring with us into 2026. I
believe that the tailwinds we now are experiencing are partly due to external
factors but also due to years of dedicated efforts from many people in our
organization." - Mikael Staffas, President and CEO

Financials

.         Revenues: SEK 28,131 m (25,785)

.         Operating profit: SEK 5,798 m (4,098)

.         Operating profit excl. PIR*: SEK 4,061 m (3,814)

.         Free cash flow: SEK 2,689 m (4,264)

.         Earnings per share: SEK 15.31 (10.95)

*Process Inventory Revaluation

Highlights

.      Operating profit excluding revaluation of process inventory totaled SEK
4,061 m (3,814)

.      Free cash flow was SEK 2,689 m (4,264)

.      Earnings per share for the full year was 33.39 SEK (36.65)

.      Stronger metal prices, primarily for precious metals

.      Operating profit of SEK 3,174 m (1,152) in Mines, a new quarterly record

.      Lower grades in Mines overall, both versus the previous quarter and the
fourth quarter of 2024

.      Continued strong mine production in Aitik

.      Stable production in Smelters

.      Record high production of copper cathodes in Harjavalta

.      The Board of Directors proposes an ordinary dividend of SEK 11.00 (-) per
share

The Interim Report will be presented via webcast/conference call on Tuesday,
February 3 at 09:30 (CET). Information is available at www.boliden.com.

For further information, please contact:

Olof Grenmark

Director Investor Relations

+46 70291 57 80

olof.grenmark@boliden.com

This information is information that Boliden AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of Director Investor Relations, at 07:45 CET on
February 3, 2025.

Metals for generations to come

Boliden's vision is to be the most climate-friendly and respected metal provider
in the world. We are Europe's producer of sustainable metals and, guided by our
values care, courage and responsibility, we operate within exploration, mines,
smelters and recycling. We are around 8,000 employees and have annual revenues
of approximately SEK 90 billion. The share is listed in the Large Cap segment of
NASDAQ Stockholm.

www.boliden.com

More information:
Access the news on Oslo Bors NewsWeb site

664699_Press_release.pdf
664699_Report.pdf