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PAN American Silver (PAAS) net income by quarter

PAN American Silver's net income was $452M in Q4 2025 (fourth quarter 2025), +138% from Q2 2025. Over the last 4 quarters it ranged from $108M (Q4 2024) to $452M (Q4 2025).

PAN American Silver net income by quarterPAN American Silver net income by quarter$108MQ4 2024$169MQ1 2025$190MQ2 2025$452MQ4 2025
QuarterNet incomeQ/QY/Y
Q4 2025$452M+138%+319%
Q2 2025$190M+12%—
Q1 2025$169M+57%—
Q4 2024$108M——

Q4 2025 at a glance

PAN American Silver, Q4 2025: revenue $1.2B (+45% year over year), operating margin 43.4%, net earnings $452M, operating cash flow $554M. The chart follows the revenue to costs, profit and cash.

Questions

What is PAN American Silver's net income?

PAN American Silver's net income was $452M in Q4 2025 (fourth quarter 2025), +138% from Q2 2025.

How has PAN American Silver's net income changed?

Over the last 4 quarters it ranged from $108M (Q4 2024) to $452M (Q4 2025).

Q4 2025 results → · How PAN American Silver makes money →