- Revenue surged 14.3% year-over-year to SEK 21,121 million
- Operating profit soared 89.6% to SEK 3,062 million
- Earnings per share nearly doubled to SEK 7.99 from SEK 4.16
Boliden (BDNNY, Financial) reported robust financial results for the first quarter of 2025, showcasing a significant increase in revenues and profitability. The company's revenues reached SEK 21,121 million, marking a 14.3% rise compared to the same period last year when revenues stood at SEK 18,481 million.
Operating profit dramatically increased by 89.6%, reaching SEK 3,062 million, up from SEK 1,615 million year-over-year. This rise is attributed to higher metal prices and a stronger U.S. dollar, although partially offset by a SEK -100 million impact due to strikes in Finland.
The earnings per share (EPS) also saw a near doubling, reaching SEK 7.99, compared to SEK 4.16 in the same quarter of the previous year. Despite these positive metrics, Boliden reported a negative free cash flow of SEK -1,869 million, influenced by increased working capital requirements, but partially offset by SEK 350 million from insurance proceeds.
During the quarter, Boliden successfully raised SEK 3.75 billion through a directed share issue. On the operational side, Aitik experienced lower milled volume and recoveries, while Tara's ramp-up continued positively, and Odda initiated the commissioning of its expansion project.
