Boliden Q2 2025: New mines are successfully on board

Rhea-AI Summary

Boliden (BDNNY) released its Q2 2025 earnings report, showing mixed results amid challenging market conditions. The company reported revenues of SEK 22,285 million, down from SEK 22,748 million, while operating profit decreased to SEK 1,094 million from SEK 4,814 million year-over-year.

Key highlights include record mine production at Aitik and successful consolidation of Somincor and Zinkgruvan mines. The company maintained a relatively low net debt/equity ratio of 29% despite significant acquisitions totaling SEK 14,389 million. Free cash flow excluding acquisitions was SEK 2,035 million, though including acquisitions it was negative at SEK -12,354 million.

Operating challenges included negative impacts from a weaker USD (SEK -600 million), lower treatment charges, and planned maintenance in Smelters affecting operating profit by SEK -400 million.

Positive

• Record mine production achieved at Aitik facility
• Strong underlying cash flow despite market challenges
• Successful consolidation of Somincor and Zinkgruvan mines
• Maintained low net debt/equity ratio of 29% post-acquisition
• Positive free cash flow of SEK 2,035M excluding acquisitions

Negative

• Operating profit declined 77% to SEK 1,094M from SEK 4,814M YoY
• Revenue decreased to SEK 22,285M from SEK 22,748M
• Negative free cash flow of SEK -12,354M including acquisitions
• Negative SEK 600M impact from weaker USD
• Higher maintenance costs affecting operating profit (SEK -400M)
• Lower treatment charges impacting profitability

STOCKHOLM, July 18, 2025 /PRNewswire/ --

"Our underlying cash flow is strong and our production all-in-all is stable, despite challenging market conditions and extensive planned maintenance during the quarter" - Mikael Staffas, President and CEO.

Financials

• Revenues: SEK 22,285 m (22,748)
• Operating profit: SEK 1,094 m (4,814)
• Operating profit excl. PIR*: SEK 1,281 m (4,000)
• Free cash flow: SEK -12,354 m (401)
• Earnings per share: SEK 2.02 (13.20)

*Process Inventory Revaluation

Highlights

• Operating profit excluding revaluation of process inventory totaled SEK 1,281 m, including items affecting comparability of SEK -126 m (SEK 4,000 m, including SEK 2,042 m items affecting comparability)
• Free cash flow excluding the acquisition was SEK 2,035 m
• Free cash flow was SEK -12,354 m (401) including the consideration for acquisitions of
  SEK -14,389 m (0)
• Net debt/equity ratio at low 29% (24), despite the significant acquisition
• A weaker USD contributed negatively with around SEK -600 m versus both the previous quarter and the second quarter of 2024
• Lower treatment charges contributed negatively versus both the previous quarter and the second quarter of 2024
• Well executed, more extensive, planned maintenance in Smelters with a SEK -400 m (-350) impact on operating profit
• Somincor and Zinkgruvan were consolidated into Boliden per April 16
• Record mine production (waste rock and ore) at Aitik

The Interim Report will be presented via webcast/conference call on Friday, July 18 at 09:30 (CEST). Information is available at www.boliden.com.

For further information, please contact:

Olof Grenmark
Director Investor Relations
+46-70 291 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:45 CEST on July 18, 2025.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/boliden-q2-2025--new-mines-are-successfully-on-board,c4208489

The following files are available for download:

https://mb.cision.com/Main/997/4208489/3584678.pdf	Boliden - Interim report Q2 2025
https://mb.cision.com/Public/997/4208489/aed05ee229f61a5a.pdf	Press release

 

View original content:https://www.prnewswire.com/news-releases/boliden-q2-2025-new-mines-are-successfully-on-board-302508522.html

SOURCE Boliden

FAQ

What were Boliden's (BDNNY) Q2 2025 earnings results?

Boliden reported Q2 2025 revenues of SEK 22,285 million and operating profit of SEK 1,094 million, down from SEK 22,748 million and SEK 4,814 million respectively year-over-year.

How much did Boliden spend on acquisitions in Q2 2025?

Boliden spent SEK 14,389 million on acquisitions in Q2 2025, which significantly impacted their free cash flow.

What was Boliden's free cash flow in Q2 2025?

Boliden's free cash flow was SEK -12,354 million including acquisitions, but excluding acquisitions it was positive at SEK 2,035 million.

What were the main challenges faced by Boliden in Q2 2025?

Main challenges included a weaker USD (SEK -600M impact), lower treatment charges, and planned maintenance in Smelters (SEK -400M impact).

What was Boliden's debt position after Q2 2025 acquisitions?

Despite significant acquisitions, Boliden maintained a relatively low net debt/equity ratio of 29%, up slightly from 24% previously.

What operational achievements did Boliden report in Q2 2025?

Boliden achieved record mine production at Aitik and successfully consolidated Somincor and Zinkgruvan mines into their operations.