Filing Flows › Hecla Mining (HL) › Q1 2025
Hecla Mining (HL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Hecla Mining (HL) reported revenue of $261M for the first quarter 2025 (Q1 2025), +38% from a year earlier and +5% from the quarter before. Operating margin was 20.0%, net earnings $28.9M (11.0% of revenue).
Hecla Mining, Q1 2025: revenue $261M (+38% year over year), operating margin 20.0%, net earnings $28.9M, operating cash flow $35.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $261M | +5% | +38% |
| Gross profit | $74.0M | +8% | +286% |
| Operating profit | $52.4M | +37% | +934% |
| Net earnings | $28.9M | +142% | — |
| Operating cash flow | $35.7M | -47% | +109% |
What changed
Revenue was $261.3M in Q1 2025, up 38% year over year and up 5% from the previous quarter.
Gross margin was 28.3%, up 18.2 points from a year earlier. Operating profit was $52.4M, a 20.0% margin (up 17.4 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 3% margin then. Operating expenses grew 54% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+235%). Net earnings were $28.9M. The effective tax rate was 35.1%.
Operating cash flow was $35.7M (up 109% year over year), 124% of net earnings. Non-cash charges added back $39.2M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $34.2M. Capital expenditures of $54.1M exceeded it, leaving free cash flow of −$18.4M.
Questions
What was Hecla Mining's revenue in the first quarter 2025?
Hecla Mining (HL) reported revenue of $261M for the first quarter 2025 (Q1 2025), +38% from a year earlier and +5% from the quarter before.
Was Hecla Mining profitable in the first quarter 2025?
Operating profit was $52.4M (20.0% of revenue) and net earnings $28.9M.
Source: Hecla Mining 10-Q on SEC EDGAR.