- Report reviews the Group's 2025 development and external factors affecting results.
- Weakened market conditions - notably exchange-rate shifts and lower pellet premiums - negatively impacted results.
- The company is strengthening internal processes to stabilise production and delivery performance.
- Printed Swedish report available at the Annual General Meeting on 23 April 2026; full English version available 23 April 2026 and printed English version in mid-May 2026.
Scope of report
The Annual and Sustainability Report covers the Group's development during 2025, outlining events and external factors that affected performance and describing the long‑term strategic direction.
Market conditions
Geopolitical tensions and global turbulence altered trade flows in 2025; weakened market conditions—notably exchange‑rate shifts and lower pellet premiums—had a direct negative impact on results and affected markets and supply chains.
Operational response
Management focused on strengthening internal processes to improve stability in production and delivery performance amid the uncertain global environment.
Social and environmental work
The report presents work on environmental and social impacts, including efforts related to the ongoing community developments in Gällivare and Kiruna.
Report availability
The report is available online; the printed Swedish version will be available at the Annual General Meeting on 23 April 2026 and can be ordered via the company website; a summary in English is published online, the full English report will be available 23 April 2026, and the printed English version in mid‑May.
