Southern Copper (SCCO) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Southern Copper Corporation capped 2025 with a notably strong fourth quarter, posting earnings per share of $1.56 against a consensus estimate of $1.53, a beat of 2.25%, while revenue of $3.87 billion topped expectations by 3.07% and surged 39.0% yea… Read more Southern Copper Corporation capped 2025 with a notably strong fourth quarter, posting earnings per share of $1.56 against a consensus estimate of $1.53, a beat of 2.25%, while revenue of $3.87 billion topped expectations by 3.07% and surged 39.0% year-over-year. The primary engine behind those results was a powerful combination of higher sales volumes across all major products, including copper up 2.8%, zinc up 20.7%, and silver up 11.3%, alongside broadly improved commodity pricing, with silver particularly notable at a 41.6% gain on the year. Cost discipline amplified the impact, as the company's operating cash cost per pound of copper fell 45.8% in Q4 to just $0.52, driven by elevated by-product revenue credits. Net income attributable to Southern Copper climbed 64.7% in the quarter to $1.31 billion, with adjusted EBITDA margins reaching 59.7%. While some analysts view the stock as trading at a premium to fair value, the company's long-term growth thesis remains anchored by a capital investment pipeline exceeding $20.50 billion this decade, targeting copper production of 1.6 million tons by 2033.