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Boliden AB
(BOL)
Boliden AB (BOL) vs. iShares MSCI Sweden ETF (EWD)
Boliden AB Business Overview & Revenue Model
Boliden AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 93.51B | 89.21B | 78.55B | 86.44B | 68.64B |
| Gross Profit | 15.79B | 12.90B | 10.74B | 18.15B | 12.93B |
| EBITDA | 22.15B | 20.58B | 14.99B | 22.07B | 16.70B |
| Net Income | 9.40B | 10.02B | 6.07B | 12.41B | 8.70B |
Balance Sheet | |||||
| Total Assets | 143.40B | 116.19B | 101.96B | 96.38B | 80.55B |
| Cash, Cash Equivalents and Short-Term Investments | 9.24B | 7.05B | 4.98B | 12.16B | 8.25B |
| Total Debt | 23.80B | 16.51B | 14.58B | 11.19B | 6.16B |
| Total Liabilities | 66.86B | 51.18B | 45.54B | 38.05B | 29.67B |
| Stockholders Equity | 76.51B | 64.99B | 56.40B | 58.31B | 50.87B |
Cash Flow | |||||
| Free Cash Flow | 5.24B | 2.67B | -3.35B | 6.37B | 7.16B |
| Operating Cash Flow | 20.69B | 17.66B | 12.18B | 16.40B | 13.14B |
| Investing Cash Flow | -29.94B | -15.00B | -15.54B | -10.07B | -6.00B |
| Financing Cash Flow | 11.44B | -590.00M | -3.83B | -2.42B | -3.96B |
Boliden AB Technical Analysis
Boliden AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr575.35M | 11.75 | ― | ― | ― | ― | |
71 Outperform | kr196.29B | 20.69 | 11.99% | ― | 8.30% | -8.62% | |
56 Neutral | kr373.87M | -17.60 | -15.76% | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr4.45B | -23.52 | -5.53% | ― | ― | -91.81% | |
43 Neutral | kr277.77M | -14.26 | -8.06% | ― | ― | -9.05% |
Boliden AB Corporate Events
Boliden AB has invited investors, analysts and financial media to a virtual Capital Markets Update to be held on March 18, 2026, from 09:30 to 11:30 CET. The event, led by President and CEO Mikael Staffas and members of Group Management, will be webcast live on the company’s website, followed by a Q&A session and an on‑demand recording, offering stakeholders broader access to the company’s strategic and financial communication.
By opting for a virtual format with open access and no pre‑registration, Boliden is signaling an effort to enhance transparency and engagement with the capital market. The session is likely to provide investors and analysts with deeper insight into Boliden’s operational performance and strategic direction in the metals sector, which could inform market expectations and support the company’s positioning as a leading sustainable metals producer.
The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK595.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
Boliden has secured a new syndicated revolving credit facilities agreement totalling EUR 1 billion with a group of 12 banks, split into a five-year EUR 500 million tranche and a three-year EUR 500 million tranche, each with two one-year extension options. The package replaces existing EUR 850 million facilities and is designed to provide stronger liquidity, better terms and greater financial flexibility, particularly in light of the company’s expanded scale following its 2025 acquisitions of Somincor and Zinkgruvan.
Management describes the agreement as a key element of Boliden’s robust financing structure tailored to the cyclical metals and mining sector, signalling reinforced balance-sheet support for ongoing operations and future investments. The participation of major Nordic and international banks as coordinating bookrunners and mandated lead arrangers underlines continued lender confidence in Boliden’s credit profile and its strategic trajectory as a leading European metals producer.
The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK595.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
Boliden has reported updated mineral resources as of 31 December 2025 across its main mining areas, including Aitik, the Boliden area, Garpenberg, Kevitsa, Tara, Somincor, Zinkgruvan, Laver and Rockliden. The disclosure shows substantial copper, zinc, gold and polymetallic resources in both measured/indicated and inferred categories, and incorporates newly acquired operations Somincor and Zinkgruvan, whose figures for 2024 were previously reported by Lundin Mining. The company clarifies that it reports mineral reserves exclusive of mineral resources to avoid double counting, and notes specific commercial and technical conditions such as the silver streaming agreement at Somincor and the current non-payability of molybdenum at Aitik, underscoring how the enlarged resource base and reporting practices frame Boliden’s long‑term production potential and future project planning.
The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK640.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
Boliden reported a strong fourth quarter of 2025, driven by higher metal prices—particularly for precious metals—and stable production across its mining and smelting operations. Operating profit excluding inventory revaluation rose to SEK 4,061 million from SEK 3,814 million, revenues increased to SEK 28,131 million, and mines delivered a record quarterly operating profit of SEK 3,174 million despite generally lower grades, supported by strong output at the Aitik mine and record copper cathode production at the Harjavalta smelter. For the full year, earnings per share declined to SEK 33.39 from SEK 36.65 and free cash flow turned negative due to high investment levels, while net debt increased and returns on capital and equity moderated; nevertheless, management highlighted improved operational stability, successful near-mine exploration at Garpenberg under a newly revised environmental permit, and the growing importance of precious metals, which account for about a third of group gross profit. Reflecting confidence in its financial position and long-term outlook, the board proposed an ordinary dividend of SEK 11.00 per share, underscoring Boliden’s message that the company enters 2026 in its strongest shape to date, with tailwinds from both market conditions and years of internal efficiency and productivity efforts.
The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK640.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
Boliden has applied to the European Commission to have its Nautanen copper deposit in central Norrbotten designated as a strategic project under the EU’s Critical Raw Materials Act, aiming to strengthen the bloc’s secure supply of copper. The company envisions Nautanen as an underground satellite mine to its existing Aitik copper mine, leveraging existing milling and tailings infrastructure to limit environmental impact and targeting annual extraction of 2–3 million tonnes over an estimated 20‑year mine life, with production potentially starting in the early 2030s pending feasibility results and permitting, underscoring copper’s strategic importance for Europe’s green transition and Boliden’s positioning in sustainable metals supply.
The most recent analyst rating on (SE:BOL) stock is a Buy with a SEK661.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
Boliden AB has scheduled the release of its interim report for the fourth quarter of 2025 for 3 February at 07:45 CET, followed by a press and analyst conference at 09:30 CET in Stockholm, which will also be accessible via webcast and telephone. The report will be presented by President and CEO Mikael Staffas together with CFO Håkan Gabrielsson, and the associated presentation materials and a recorded webcast will be made available on the company’s website, underscoring Boliden’s efforts to maintain transparent communication with investors and analysts around its financial performance.
The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK348.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.
Boliden AB has announced its 2026 production guidance, highlighting increased confidence due to higher grades in open pit mines and the commissioning of key projects. The company plans to reduce capital expenditure to SEK 15 billion, with significant investments in waste rock mining and processing. Despite some cost increases and project delays, Boliden anticipates improved throughput and grades in several mining areas, which could positively impact long-term value creation.
The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK480.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.