"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 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. The information was submitted for publication, through the agency of Director Investor Relations, at 07:45 CET on February 3, 2025.