Boliden

Financials

·         Revenues: SEK 21,121 m (18,481)

·         Operating profit: SEK 3,062 m (1,615)

·         Operating profit excl. PIR*: SEK 2,599 m (1,212)

·         Free cash flow: SEK -1,869 m (-1,508)

·         Earnings per share: SEK 7.99 (4.16)

*Process Inventory Revaluation

Highlights

·      Operating profit excluding revaluation of process inventory totaled SEK 2,599 m (1,212)

·      Strikes in Finland had an estimated SEK -100 m (-400) effect on operating profit

·      Free cash flow was SEK -1,869 m (-1,508) negatively impacted by an increase in working capital but positively impacted by SEK 350 m insurance proceeds

·      Higher metal prices and a stronger USD contributed positively versus the first quarter of 2024

·      Lower milled volume and recoveries in Aitik

·      The ramp-up of Tara is progressing well

·      Odda has started the commissioning of its expansion project

·      Lower treatment charges and premiums

·      Boliden raised SEK 3.75 billion from a directed share issue

The Interim Report will be presented via webcast/conference call on Tuesday, April 23 at 09:30 (CEST). 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 CEST on April 23, 2025.