Boliden (BDNNY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 28, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

2.89

Last Year’s EPS

1.66

Same Quarter Last Year

Analyst Consensus

Hold

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 03, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a broadly positive operational and financial picture: strong metal price environment (especially precious metals) drove substantial earnings upside (EPS +40%), solid cash generation (SEK 2.7 billion FCF), balance-sheet improvement (net debt/equity ~20%), and a robust R&R update that materially extends mine lives. Challenges include lower grades at some sites, ramp-up shortfalls (Tara, Aitik diorite issues), pressure on zinc smelters, high ongoing CapEx, tax cash catch-up and near-term working capital tie-ups, and an appealed environmental permit at Garpenberg. Overall the positive drivers (market tailwinds, cash flow, R&R gains, strong site performances and project ramp-up progress) materially outweigh the operational and timing headwinds.

Company Guidance

Management reiterated there is no change to the 2026 outlook (same guidance as December) while giving timing and metric detail: Odda commissioning is ongoing with small deliveries and management expects full production by end‑Q1 (management's prior annual EBITDA uplift estimate of EUR 150m is called conservative and ~75% of that could be captured in 2026 if ramp‑up proceeds); Rönnskär tankhouse is set to ramp in H2; Boliden Area tailings and Garpenberg paste project are on track (Garpenberg permit appealed with an appeal decision possibly within ~1 year) and Garpenberg throughput is targeted to reach 4.5 Mt by ~2030 via ~+200 ktpa steps; CapEx remains high and in line with guidance (Q&A referenced SEK 15bn for 2026), exploration spend was just under SEK 1bn in 2025, and sustaining/through‑cycle CapEx was discussed around a SEK 7bn baseline plus additions for new mines; working‑capital seasonality expects a Q1 tie of ~SEK 1.5bn (with Rönnskär ramp possibly tying a further SEK 1–1.5bn) and typical Q4 release; Q4 items included a SEK 300m MAMA positive, free cash flow SEK 2.7bn, net debt/equity down to ~20%, insurance cash of ~SEK 334m received in January, and a proposed dividend of SEK 11/share (~one‑third of net profit); R&R metrics: Aitik reserves to 2048, Boliden Area to 2036, Garpenberg ~25 years, Kevitsa EoL ~2034, Somincor 2036, Tara 2032, Zinkgruvan 2035, Nautanen >50 Mt indicated+inferred and total group resources approaching ~150 Mt.

Strong Quarterly and Sequential Earnings

Operating profit excluding process inventory of SEK 4.1 billion in Q4; operating profit including process inventories SEK 5.8 billion (substantial increase vs prior year). Quarterly profit described as 'a little bit more than SEK 4 billion' and one of the top quarterly results in company history.

Earnings Per Share Growth

Earnings per share of SEK 15.31 in Q4, a 40% increase compared to last year.

Healthy Cash Generation

Free cash flow of SEK 2.7 billion in the quarter despite record-level investments; third consecutive quarter of working capital release.

Balance Sheet Strengthening

Net debt-to-equity reduced to around 20%, providing robust financing headroom for projects and dividends.

Dividend Alignment with Policy

Board recommended dividend of SEK 11 per share, in line with payout policy of one-third of net profit.

Precious Metal Price Tailwind

Stronger metal prices—notably silver and gold—drove a material positive impact (metal prices alone contributed ~SEK 2.5 billion vs prior year before offsets), benefiting both mines and smelters.

Operational Highlights at Site Level

Aitik: continued strong mine production and improving grades; Garpenberg: second-best quarter for throughput and strong annual EBIT of SEK 4.4 billion; Boliden Area delivered ~SEK 2 billion EBIT; Harjavalta delivered record copper cathode production and >SEK 1.5 billion annual result; Ronnskar produced SEK 1 billion annual result despite tankhouse rebuild.

Odda Commissioning Progress

Odda leach commissioning progressing well with initial deliveries made; company expects ramp-up toward full production during the current quarter and believes prior EUR 150 million annual uplift estimate is conservative given higher silver prices.

Ronnskar One-off Positive Cash Effect

Recognized a one-off positive recovery/adjustment of approximately SEK 410 million linked to handling metals after the Ronnskar fire; management confirmed this has been converted to cash by end-Q4.

Strong R&R (Reserves & Resources) Update

Significant R&R improvements: Boliden Area reserves extended from 2033 to 2036 (+3 years); Garpenberg reserves/resources very strong (approaching ~25 years life of mine); Nautanen and Aitik resources increased (Nautanen + Aitik >50 million tonnes indicated+inferred); Garpenberg resources increased by ~25–30 million tonnes; total resources approaching ~150 million tonnes — management calls the R&R update 'very strong'.

Safety and ESG Progress

Lost-time injury frequency ended the year at 3.6 (best year in company history); greenhouse gas emissions trending in the right direction; sick leave improving toward pre-COVID levels.

Boliden (BDNNY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BDNNY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 28, 2026	2026 (Q1)	2.89 / -	1.66	―	―	―
Feb 03, 2026	2025 (Q4)	2.31 / 3.44	2.007	71.55% (+1.44)
Oct 22, 2025	2025 (Q3)	1.35 / 1.72	1.582	8.60% (+0.14)
Jul 18, 2025	2025 (Q2)	0.61 / 0.42	2.474	-83.10% (-2.06)
Apr 23, 2025	2025 (Q1)	1.35 / 1.66	0.768	116.15% (+0.89)
Feb 06, 2025	2024 (Q4)	1.78 / 2.01	1.154	73.92% (+0.85)
Oct 22, 2024	2024 (Q3)	1.18 / 1.58	0.903	75.19% (+0.68)
Jul 19, 2024	2024 (Q2)	2.11 / 2.47	0.368	572.28% (+2.11)
Apr 23, 2024	2024 (Q1)	0.73 / 0.77	1.747	-56.04% (-0.98)
Feb 08, 2024	2023 (Q4)	0.94 / 1.15	1.76	-34.43% (-0.61)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BDNNY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 03, 2026	$139.99	$148.56	+6.12%
Oct 22, 2025	$86.88	$87.65	+0.89%
Jul 18, 2025	$62.08	$61.88	-0.31%
Apr 23, 2025	$60.57	$60.85	+0.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Boliden (BDNNY) report earnings?

Boliden (BDNNY) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).

What is Boliden (BDNNY) earnings time?

Boliden (BDNNY) earnings time is at Apr 28, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BDNNY EPS forecast?

BDNNY EPS forecast for the fiscal quarter 2026 (Q1) is 2.89.