Filing Flows › First Majestic Silver (AG) › Q2 2025
First Majestic Silver (AG) Q2 2025 earnings results (second quarter 2025)
6-K filed Aug 14, 2025
First Majestic Silver (AG) reported revenue of $264M for the second quarter 2025 (Q2 2025), +94% from a year earlier. Operating margin was 21.4%, net earnings $52.5M (19.9% of revenue).
First Majestic Silver, Q2 2025: revenue $264M (+94% year over year), operating margin 21.4%, net earnings $52.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $264M | — | +94% |
| Operating profit | $56.6M | — | — |
| Net earnings | $52.5M | — | — |
What changed
Revenue was $264.2M in Q2 2025, up 94% year over year. Silver was the largest line at 54% of revenue. Silver added $88.6M year over year (up 160%), 69% of the total change.
Operating profit was $56.6M, a 21.4% margin (up 56.8 points year over year). Total costs grew 13% against revenue growth of 94%. The fastest-growing cost line was Cost of revenue (+58%). Net earnings were $52.5M. The effective tax rate was 0.0%.
Questions
What was First Majestic Silver's revenue in the second quarter 2025?
First Majestic Silver (AG) reported revenue of $264M for the second quarter 2025 (Q2 2025), +94% from a year earlier.
Was First Majestic Silver profitable in the second quarter 2025?
Operating profit was $56.6M (21.4% of revenue) and net earnings $52.5M.