Administration report

Epiroc's organization

Epiroc AB is a public company headquartered in Nacka, Sweden, with corporate identity number 556041-2149. Epiroc has sales in around 150 countries and customer centers in around 65 countries. The Group is organized in eight separate and focused but still integrated divisions, which in turn are organized in two Business Areas: Equipment & Service and Tools & Attachments. Common group functions, including Group Management, Financial Solutions, and support functions serve the entire Group. At the end of 2025, Epiroc had 53 (56) production facilities in 11 (11) countries. Equipment & Service had 22 (24) facilities and Tools & Attachments had 32 (33), with one facility serving both segments.

Our offering and reporting structure

Highlights 2025

Large and/or strategic orders

• 2025-03-13 - Epiroc secured an MSEK 100 order from Hudbay Minerals for an underground fleet at its Lalor gold and copper mine in Manitoba, Canada. The contract includes battery-electric versions of Boomer M20 SG drill, Scooptram ST18 and ST14 loaders, and Minetruck MT42 hauler, all designed to reduce emissions, improve operator conditions, and cut ventilation costs. 
• 2025-04-15 - Epiroc won a MSEK 280 order from Hindustan Zinc in India for underground equipment, including MT42 S and MT65 S mine trucks, Simba E70 S production rigs, and Boomer M2D face drills, supported by a 6–8-year service agreement. Half of the machines will be produced in Nashik to support "Make in India" efforts, with deliveries through 2025. 
• 2025-04-16 – Epiroc won its largest ever contract, valued at MAUD 350 (SEK 2.2 billion), to supply Fortescue with a fleet of cable-electric Pit Viper 271 E and battery-electric SmartROC D65 BE rigs. These drill rigs, to be operated autonomously from an operations center in Perth, Australia, are expected to cut diesel use by 35 million liters and CO₂e emissions by 90,000 tonnes annually. 
• 2025-07-08 - Epiroc secured a significant order, MSEK 235, from Pucobre in Chile for Minetruck MT65 S haulers and advanced digital solutions, including Fleet+ and Asset Health services. These technologies will help optimize productivity and safety while reducing fuel consumption. The order reflects strong demand for integrated equipment and digital solutions in Latin America.
• 2025-08-29 - Epiroc partnered with Hindustan Zinc to implement an OEM-agnostic collision avoidance system across multiple underground mines in India. The solution enhances safety by providing real-time proximity alerts for vehicles and personnel. This collaboration demonstrates Epiroc’s focus on digital technologies that improve operational safety and efficiency.
• 2025-10-08 - Epiroc received a major order from Asante Gold for underground mining equipment and digital solutions at the Chirano mine in Ghana of MSEK 115. The order includes trucks, loaders, and drill rigs, supported by real-time monitoring technology. It highlights Epiroc’s growing presence in West Africa and its role in enabling safer, more productive mining.

Management changes

• 2025-09-01 - To strengthen focus and efficiency, Epiroc implemented two Business Areas effective September 1, 2025: Equipment & Service, led by Jess Kindler, and Tools & Attachments, led by José Manuel Sánchez. The divisions in the Business Areas remain operationally responsible and will report to the respective Business Area President instead of the CEO. This change supports Epiroc’s ambition of 8% annual revenue growth and industry-best operating margin.

Other relevant information

• 2025-04-02 - Epiroc announced it has acquired the remaining share of Radlink, taking full ownership. Radlink, based in Perth with around 415 employees and 2024 revenues of MSEK 1 330, strengthens Epiroc’s portfolio in wireless connectivity essential for mine automation and digital transformation. 
• 2025-04-09 - Epiroc has expanded its manufacturing footprint in India with the inauguration of a new rock drilling tools facility in Hyderabad. The 5 280 m² addition will produce rock reinforcement products and rotary/DTH drilling tools, supporting the growing mining and infrastructure markets. The expansion, aligned with the “Make in India” initiative, creates about 35 new jobs and strengthens Epiroc’s commitment to sustainable productivity and regional supply capabilities.
• 2025-04-24 - Epiroc established sponsored Level 1 American Depositary Receipt (ADR) programs in the United States, replacing previous unsponsored ADRs that represented 3–5 % of its outstanding shares. These new ADRs, trading over-the-counter under the tickers EPOAY (A shares) and EPOBY (B shares), are supported by Deutsche Bank as the depositary provider. The initiative aims to reduce costs and make it easier for U.S. and global investors to invest in Epiroc. 
• 2025-05-21 - Epiroc will consolidate rotary and raiseboring drilling tools production from Langley, Canada, to its Matehuala facility in Mexico, beginning Q3 2025 and completing by Q1 2027. Around 65 employees are affected, with estimated restructuring costs of MSEK 70. 
• 2025-08-26 - Epiroc broke ground on a major facility in Nashik, India, which will include production lines, an R&D lab, and a test track. The site will strengthen innovation and regional supply capabilities, with operations expected to start in 2026. This investment underlines Epiroc’s commitment to the growing Indian market and sustainable development.
• 2025-09-02 - Epiroc earned a Gold Medal from EcoVadis, ranking among the top 5% of companies assessed globally for sustainability performance. The recognition reflects strong progress in environmental, ethical, and supply chain practices. It reinforces Epiroc’s commitment to its climate targets and transparent reporting.
• 2025-09-18 - Epiroc began construction of a new automated global distribution center in Örebro, Sweden. The facility will streamline logistics, improve delivery times, and incorporate sustainable features such as solar power. This investment will enhance customer service and operational efficiency worldwide.
• 2025-10-22 - Epiroc celebrated 25 years of its Pit Viper drill rig series, including a decade of autonomous operations. The technology has delivered significant productivity gains, fuel savings, and CO₂e reductions across global mining sites. The Pit Viper series remains a cornerstone of Epiroc’s automation strategy and innovation leadership.
• 2025-10-24 - Epiroc and Hancock Iron Ore reached a milestone as Roy Hill, Australia, became the world’s largest fully agnostic autonomous mine. The achievement includes converting an entire haul truck fleet to autonomous operation using Epiroc’s LinkOA platform. This breakthrough sets a new benchmark for interoperability and mining automation globally.

Highlights after the period end

Other relevant information

• 2026-03-09 - Epiroc agreed to acquire Eventspec Proprietary Limited, a South African mining aftermarket solutions provider. The company manufactures parts for drill rigs, mine trucks and loaders, and provides related rebuilds, repairs and services, has around 120 employees and had revenues in 2025 of around MSEK 160. The acquisition is subject to customary regulatory filings and is expected to be completed in the early part of the third quarter 2026.