In the second quarter, the company recorded a net profit of SEK 1.52 billion ($159.05 million), compared with a net profit of SEK 2.84 billion in the second quarter of 2024, while sales revenue decreased by 20.6% year-on-year to SEK 7.82 billion ($818.26 million). against the background of declining iron ore prices. In addition, LKAB's operating profit was SEK 1.07 billion ($111.96 million), compared with SEK 2.67 billion in the corresponding quarter of the previous year.
In the quarter, the company's iron ore production amounted to 5.8 million tons, an increase of 9.4%, while iron ore shipments fell by 20.3% to 5.1 million tons, year-on-year.
Meanwhile, in the first half of the year, LKAB's net profit was SEK 4.30 billion ($449.89 million), falling from a net profit of SEK 4.59 billion recorded in the first half of the previous year, while sales revenue increased by 13.8 percent year-on-year to SEK 17.44 billion ($1.82 billion). The company's operating profit for the first six months of the year was SEK 4.71 billion ($492.80 million), compared with an operating profit of SEK 4.04 billion for the same period in 2024.
In this period, LKAB iron ore production amounted to 12.5 million tons, an increase of 4.2
