Filing Flows › Southern Copper (SCCO) › Q1 2025
Southern Copper (SCCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Southern Copper (SCCO) reported revenue of $3.1B for the first quarter 2025 (Q1 2025), +20% from a year earlier and +12% from the quarter before. Operating margin was 49.2%, net earnings $946M (30.3% of revenue).
Southern Copper, Q1 2025: revenue $3.1B (+20% year over year), operating margin 49.2%, net earnings $946M, operating cash flow $721M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +12% | +20% |
| Operating profit | $1.5B | +17% | +29% |
| Net earnings | $946M | +19% | +29% |
| Operating cash flow | $721M | -47% | +9% |
| Free cash flow | $404M | -64% | -9% |
What changed
Revenue was $3.1B in Q1 2025, up 20% year over year and up 12% from the previous quarter. Copper was the largest line at 78% of revenue. Copper added $0.39B year over year (up 19%), 74% of the total change.
Operating profit was $1.5B, a 49.2% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 46% margin then. Total costs grew 13% against revenue growth of 20%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $0.95B, up 29% year over year. The effective tax rate was 36.0%.
Operating cash flow was $0.72B (up 9% year over year), 76% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization. Working capital and other items used $0.45B. Capital expenditures of $0.32B left free cash flow of $0.40B.
Questions
What was Southern Copper's revenue in the first quarter 2025?
Southern Copper (SCCO) reported revenue of $3.1B for the first quarter 2025 (Q1 2025), +20% from a year earlier and +12% from the quarter before.
Was Southern Copper profitable in the first quarter 2025?
Operating profit was $1.5B (49.2% of revenue) and net earnings $946M.
Source: Southern Copper 10-Q on SEC EDGAR.