Swedish iron ore producer LKAB reported financial results for the fourth quarter and full year 2025.
The company recorded a net profit of SEK 526 million ($59.39 million) in the quarter, compared with a net profit of SEK 2.07 billion in the fourth quarter of 2024, while sales revenue declined by 12.1 percent year on year to 8.31 billion Swedish kronor ($938.27 million), mainly due to the strengthening of the Swedish krona against the US dollar. In addition, LKAB recorded an operating profit of SEK 986 million ($111.33 million) in the same quarter, compared to an operating profit of SEK 2.62 billion in the corresponding quarter of 2024.
In the fourth quarter, the company's iron ore production was 6.5 million tons, an increase of 14.0% year-on-year. in 2025, while iron ore shipments rose 4.5% year-on-year to 7 million tonnes.
Meanwhile, the company posted a net profit of SEK 2.98 billion ($336.48 million) in 2025, down from a net profit of SEK 8.77 billion recorded in 2024. while sales revenue increased 0.5 percent year-on-year to SEK 33.33 billion ($3.76 billion), with higher supply volumes partially offset by lower iron ore prices and a stronger Swedish krona against the US dollar. In addition, LKAB recorded an operating profit of SEK 3.27 billion ($369.11 million) in 2025, compared to an operating profit of SEK 8.72 billion in the previous year.
Full-year iron ore
