Boliden Q3 2026: Solid mine and smelter performance
- Revenues SEK 30,442 m; operating profit SEK 5,416 m (operating profit excl. PIR SEK 4,894 m).
- Free cash flow SEK 1,121 m and earnings per share SEK 13.69.
- Production stable: Somincor strong, Kevitsa set a new milled-volume record, Garpenberg ramping up, Harjavalta set a new nickel-feed record and Odda roaster availability rose late in the quarter.
- Agreement to acquire 64.68% of Nexa Resources and, after closing, a voluntary cash tender offer for remaining shares.
Financial results
Revenues amounted to SEK 30,442 m and operating profit to SEK 5,416 m. Operating profit excluding Process Inventory Revaluation (PIR) was SEK 4,894 m. Free cash flow was SEK 1,121 m and earnings per share SEK 13.69.
Operations and production
Production remained stable across Mines and Smelters. Somincor integrated well and delivered strong production, Kevitsa set a new record for milled volume, and Garpenberg improved according to plan. Harjavalta set a new record for nickel feed, and the availability of the new roaster at Odda increased significantly towards the end of the quarter. Guidance was adjusted with a lowered grade outlook but an increased milled-volume guidance for Aitik in 2026.
Investments and projects
Major investment projects progressed as planned, with improved availability at the Odda roaster and the Rönnskär tankhouse reported as close to ramp-up.
Corporate actions and investor information
Boliden agreed to acquire 64.68% of the shares in Nexa Resources and, following closing, will launch a voluntary cash tender offer for any remaining Nexa shares. The interim report will be presented via webcast/conference call on Thursday, October 29 at 15:00 (CET).
Source: Boliden