Summary
Southern Copper Corporation (SCCO) reported its financial results for the quarter and six months ended June 30, 2025. The company demonstrated resilience with net sales for the first six months of 2025 increasing by 8.0% year-over-year to $6.17 billion, driven by higher sales volumes across key metals like zinc, copper, molybdenum, and silver, alongside favorable price movements for copper, silver, and zinc. Net income attributable to SCC saw a significant increase of 13.8% for the first six months of 2025, reaching $1.92 billion, supported by revenue growth and a substantial 89.2% surge in interest income. The company's operational efficiency is highlighted by a decrease in operating cash costs per pound of copper produced, both before and net of by-product revenues, reflecting effective cost management and strong by-product contributions. Significant capital investments continue, with $553.5 million deployed in the first half of 2025, primarily in Mexican and Peruvian operations, aimed at enhancing production, reducing costs, and addressing environmental commitments.
Financial Highlights
50 data points| Revenue | $3.05B |
| Cost of Revenue | $1.21B |
| Gross Profit | $1.84B |
| SG&A Expenses | $32.50M |
| Operating Expenses | $1.46B |
| Operating Income | $1.59B |
| Net Income | $973.40M |
| EPS (Basic) | $1.21 |
| EPS (Diluted) | $1.21 |
| Shares Outstanding (Basic) | 807.80M |
| Shares Outstanding (Diluted) | 807.80M |
Key Highlights
- 1Net sales for the first six months of 2025 increased by 8.0% to $6.17 billion, driven by higher volumes and improved prices for key metals.
- 2Net income attributable to SCC grew by 13.8% for the first six months of 2025, reaching $1.92 billion.
- 3Operating cash cost per pound of copper, net of by-product revenues, decreased by 23.6% in the first six months of 2025 compared to the prior year, reaching $0.70.
- 4The company made capital investments totaling $553.5 million in the first half of 2025, focusing on its Mexican and Peruvian operations.
- 5Interest income saw a significant increase of 89.2% in the first six months of 2025, contributing to improved profitability.
- 6Strong performance in zinc production and sales, with a 52.9% increase in the first six months of 2025, driven by full capacity at the Buenavista Zinc concentrator.
- 7The company declared a quarterly cash dividend of $0.80 per share and a stock dividend of 0.0101 shares per common stock for the upcoming quarter.