Southern Copper | 8-K: FY2025 Q2 Revenue Misses Estimate at USD 3.051 B

Revenue: As of FY2025 Q2, the actual value is USD 3.051 B, missing the estimate of USD 3.057 B.

EPS: As of FY2025 Q2, the actual value is USD 1.22, beating the estimate of USD 1.0913.

EBIT: As of FY2025 Q2, the actual value is USD 1.544 B, beating the estimate of USD 1.498 B.

Financial Results Summary

Southern Copper Corporation announced its financial results for the second quarter ended June 30, 2025. The Board of Directors authorized a quarterly cash dividend of $0.80 per share of common stock and a stock dividend of 0.0101 shares of common stock per share, payable on September 4, 2025, to shareholders of record on August 15, 2025. In lieu of fractional shares, cash will be distributed based on a share price of $99.47, the average of the high and low share price on July 24, 2025.

Segment Revenue

• Net Sales: 2Q25 net sales were $3,051.0 million, a decrease of 2.2% compared to 2Q24, primarily due to lower sales volumes and price variances in copper, molybdenum, and zinc, partially offset by increased sales volumes and higher prices for zinc, molybdenum, and silver.

Operational Metrics

• Net Income: 2Q25 net income was $973.4 million, a 2.4% increase from $950.2 million in 2Q24, with a net income margin of 31.9% compared to 30.5% in 2Q24.
• Adjusted EBITDA: 2Q25 adjusted EBITDA was $1,790.9 million, a slight decrease of 0.3% from $1,797.0 million in 2Q24, with an adjusted EBITDA margin of 58.7% compared to 57.6% in 2Q24.
• Operating Income: 2Q25 operating income was $1,587.0 million, a decrease of 1.3% from $1,607.3 million in 2Q24.

Cash Flow

• Cash Flow from Operating Activities: For the first six months of 2025, cash flow from operating activities was $1,698.2 million, an increase of 4.7% from $1,621.8 million in the same period of 2024.

Unique Metrics

• Operating Cash Cost: The operating cash cost per pound of copper, net of by-product revenue credits, was $0.63 in 2Q25, a decrease of 17% from $0.76 in 2Q24.

Outlook / Guidance

• Southern Copper Corporation anticipates navigating market volatility and uncertainty by closely monitoring U.S. trade policy developments. The company remains confident in its strong operational and financial performance to manage potential challenges.