Business Segments Boliden AB

Equities

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 15/05/2026 BST			5-day change	1st Jan Change
515.20 ^SEK	-5.57%		+0.47%	-

05-15	Boliden faces public short seller	FW
05-13	AlphaValue/Baader Europe: Boliden's Recent Sell-off Creates 'Attractive' Entry Point; Price Target Up	MT

Breakdown by Business Segment (SEK)

Fiscal Period: December	2021	2022	2023	2024	2025
Smelting and Refining of Diversified Metals
Smelters	67.29B	84.79B	77.2B	85.63B	87.35B
Total Assets	37.55B	45.33B	49.28B	57.63B	60.78B
CAPEX	-2.09B	-3.87B	-6.8B	-7.09B	-6.08B
Gross Profit	11.31B	15.7B	-	-	14.42B
D&A	1.3B	1.47B	1.72B	1.69B	1.88B
Operating Income	3.67B	6.14B	4.96B	8.81B	6.16B
Diversified Metal Ores
Mines	22.04B	24.76B	18.68B	21.2B	30.76B
Total Assets	37.76B	41.39B	48.36B	53.9B	76.23B
CAPEX	-3.91B	-6.26B	-8.74B	-8.27B	-9.48B
D&A	4.3B	4.68B	4.51B	5.08B	6.87B
Operating Income	8.76B	9.32B	3.11B	5.24B	7.98B
Others	488M	401M	259M	254M	301M
Total Assets	-827M	522M	827M	-385M	23M
CAPEX	-8M	-1M	-	-14M	-
D&A	23M	12M	10M	17M	33M
Operating Income	-1.34B	438M	214M	-363M	-945M
Eliminations	-21.19B	-23.51B	-17.58B	-17.88B	-24.9B
Total Assets	-2.37B	-3.16B	-1.66B	-2.25B	-4.02B
Total Assets	-	-	-	-	-

Geographical breakdown of sales (SEK)

Fiscal Period: December	2021	2022	2023	2024	2025
Europe, Other	20.62B	26.67B	31B	39.91B	45.28B
Germany	15B	18.97B	15.26B	16.95B	17.36B
Total Assets	-	-	-	-	9.23B
CAPEX	-	-	-	-	-602M
United Kingdom	14.52B	18.52B	14.62B	14.67B	15.14B
Finland	-	8.19B	8.04B	9.09B	8.35B
Total Assets	16.36B	18.38B	18.63B	19.59B	18.61B
CAPEX	-2.01B	-2.22B	-2.46B	-1.72B	-1.63B
Total Assets	2.1B	4.58B	9.04B	14.03B	16.17B
CAPEX	-401M	-2.41B	-4.94B	-5.23B	-3.35B
Other Countries	1.27B	2.18B	2.12B	4.36B	3.33B
Total Assets	38M	29M	28M	33M	32M
CAPEX	-	-1M	-	-	-
Total Assets	2.82B	3.27B	3.04B	3.1B	2.72B
CAPEX	-466M	-607M	-240M	-43M	-187M
Sweden	9.42B	10.91B	6.91B	3.59B	3.07B
Total Assets	50.8B	57.82B	66.05B	72.15B	86.26B
CAPEX	-3.13B	-4.89B	-7.9B	-8.39B	-9.8B
Nordic Region, Other	7.76B	730M	530M	496M	491M
North America	27M	254M	78M	127M	490M