Filing Flows › Southern Copper (SCCO) › Q4 2025
Southern Copper (SCCO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Southern Copper (SCCO) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +39% from a year earlier and +15% from the quarter before. Operating margin was 54.5%, net earnings $1.3B (33.9% of revenue).
Southern Copper, Q4 2025: revenue $3.9B (+39% year over year), operating margin 54.5%, net earnings $1.3B, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +15% | +39% |
| Operating profit | $2.1B | +19% | +61% |
| Net earnings | $1.3B | +18% | +65% |
| Operating cash flow | $1.5B | -4% | +10% |
| Free cash flow | $1.1B | -11% | -5% |
What changed
Revenue was $3.9B in Q4 2025, up 39% year over year and up 15% from the previous quarter.
Operating profit was $2.1B, a 54.5% margin (up 7.6 points year over year). Of the extra revenue versus a year earlier, 74% reached operating profit, above the 47% margin then. Total costs grew 19% against revenue growth of 39%. The fastest-growing cost line was Cost of revenue (+21%). Net earnings were $1.3B, up 65% year over year. The effective tax rate was 36.1%.
Operating cash flow was $1.5B (up 10% year over year), 114% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization. Capital expenditures of $0.42B left free cash flow of $1.1B.
Questions
What was Southern Copper's revenue in the fourth quarter 2025?
Southern Copper (SCCO) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +39% from a year earlier and +15% from the quarter before.
Was Southern Copper profitable in the fourth quarter 2025?
Operating profit was $2.1B (54.5% of revenue) and net earnings $1.3B.
Source: Southern Copper 10-K on SEC EDGAR.