Filing Flows › Southern Copper (SCCO) › Q2 2025
Southern Copper (SCCO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Southern Copper (SCCO) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), -2% from a year earlier and -2% from the quarter before. Operating margin was 52.0%, net earnings $973M (31.9% of revenue).
Southern Copper, Q2 2025: revenue $3.1B (-2% year over year), operating margin 52.0%, net earnings $973M, operating cash flow $977M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -2% | -2% |
| Operating profit | $1.6B | +3% | -1% |
| Net earnings | $973M | +3% | +2% |
| Operating cash flow | $977M | +35% | +2% |
| Free cash flow | $741M | +84% | +18% |
What changed
Revenue was $3.1B in Q2 2025, down 2% year over year and down 2% from the previous quarter. Copper was the largest line at 74% of revenue. Copper lost $0.11B year over year (down 5%), 159% of the total change.
Operating profit was $1.6B, a 52.0% margin (up 0.5 points year over year). Total costs fell 3% while revenue fell 2%. Net earnings were $1.0B, up 2% year over year. The effective tax rate was 37.1%.
Operating cash flow was $1.0B (up 2% year over year), 100% of net earnings. Non-cash charges added back $0.21B of depreciation and amortization. Working capital and other items used $0.21B. Capital expenditures of $0.24B left free cash flow of $0.74B.
Questions
What was Southern Copper's revenue in the second quarter 2025?
Southern Copper (SCCO) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), -2% from a year earlier and -2% from the quarter before.
Was Southern Copper profitable in the second quarter 2025?
Operating profit was $1.6B (52.0% of revenue) and net earnings $973M.
Source: Southern Copper 10-Q on SEC EDGAR.