Strategic progress
Strong momentum in strategic growth areas
Good momentum was noted during 2025, and Sandvik delivered strong organic order intake growth across equipment and aftermarket businesses. We made significant progress in our strategic priorities in electrification, automation and digitalization, and advanced our position as a productivity partner for both underground and surface mining.
Solid progress on surface
Growing within surface drilling is a strategic focus area for Sandvik, where we have made important progress in recent years. This transformation is driven by rising global demand for surface products and an expanding world-class product portfolio within Sandvik. During 2025, we took additional steps to strengthen our offering and capabilities with the inauguration of a new surface drilling production line at the site in Tampere (Finland). The initiative followed the establishment of a dedicated surface test area in Tampere that brought clear advantages in the development of new equipment as well as for showcasing new solutions to our customers. We also introduced our AutoMine® Surface Fleet, a new automation feature that enables operators to manage a larger number of Sandvik surface i-series drill rigs from any connected site location. These initiatives support the strategic focus to grow within surface drilling and they reinforce our position as a technology leader and productivity partner for the mining industry.
During the year, Sandvik started to deliver on a major surface equipment contract to Vale Base Metals’ copper operations in Brazil, worth over SEK 500 million. We were also selected to supply surface rotary blasthole drills for ArcelorMittal Mining’s operations in Quebec (Canada), and surface drill rigs to Barrick’s Porgera gold mine (Papua New Guinea).
Advanced aftermarket position
On the back of strong demand for Sandvik equipment, we continued to expand the installed fleet, both underground and on the surface, and aftermarket order intake grew by 5 percent, organically. Sandvik also continued to leverage its local presence globally, with continued focus on training and upskilling technicians, penetrating advanced services, and investing in innovation for industry-leading capabilities. These developments strengthened our aftermarket position, a business with higher margins and resilience. In 2025, aftermarket sales accounted for 68 percent of total revenues.
Progress in digital and electrification
During the year, we strengthened our digital range by launching new electrified and intelligent equipment and we advanced our automation and software portfolio. 2025 was also a successful year in terms of customer adoption, and we made good progress in further expanding our intelligent fleet. Among the year’s highlights were the implementation of autonomous AutoMine® solutions in customer mines, such as Adriatic Metals at the Vareš silver project (Bosnia), and in one of Asia Cement’s surface operations. In addition, mining customer Glencore expanded its use of Sandvik automation and digital technologies with, for example, additional trucks equipped with the autonomous platform AutoMine® and investments in Newtrax collision-avoidance technology. These examples signify the important steps we are taking in our shared commitment to more productive and safer mining operations.
Our Digital Mining Technologies division grew organic revenues by double digits, thereby continuing its strong trajectory. Sandvik also received its largest battery-electric vehicle order ever, valued at SEK 750 million in total, from mining company South32 for its greenfield project in Arizona (US).