SOUTHERN COPPER CORPSCCOEarnings & Financial Report
Southern Copper Corporation, organized in Delaware and headquartered in Phoenix, Arizona, owns copper mines, smelters, and refineries in Peru and Mexico, including the Cuajone mine, the Toquepala mine, and the Tia Maria mine in Peru and the Buenavista mine and the La Caridad Mine in Mexico. In 2024, the company mined 2.1 billion pounds of copper, 21 million ounces of silver, 64 million pounds of molybdenum, and 286 million pounds of zinc.
Revenue
$3.1B
Gross Profit
$1.9B
Operating Profit
$1.6B
Net Profit
$953.8M
Gross Margin
59.9%
Operating Margin
51.5%
Net Margin
30.6%
YoY Growth
35.5%
EPS
$1.22
SOUTHERN COPPER CORP Q2 FY2024 Financial Summary
SOUTHERN COPPER CORP reported revenue of $3.1B (up 35.5% YoY) for Q2 FY2024, with a net profit of $953.8M (up 73.5% YoY) (30.6% margin). Cost of goods sold was $1.2B, operating expenses totaled $262.1M.
Key Financial Metrics
| Total Revenue | $3.1B |
|---|---|
| Net Profit | $953.8M |
| Gross Margin | 59.9% |
| Operating Margin | 51.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
SOUTHERN COPPER CORP Q2 FY2024 revenue of $3.1B breaks down across 11 segments, led by Other at $805.3M (25.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $805.3M | 25.8% |
| MX | $743.8M | 23.9% |
| Mexican Open Pit | $654.7M | 21.0% |
| PE | $167.9M | 5.4% |
| Other European Countries | $165.6M | 5.3% |
| ES | $157.1M | 5.0% |
| BR | $141.0M | 4.5% |
| CL | $131.9M | 4.2% |
| Mexican IMMSA Unit | $121.0M | 3.9% |
| Other American Countries | $20.7M | 0.7% |
| Peruvian Operations | $9.3M | 0.3% |
SOUTHERN COPPER CORP Revenue by Segment — Quarterly Trend
SOUTHERN COPPER CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and MX) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | $1.3B | $782.4M | $709.3M | $901.4M |
| MX | $726.4M | $907.7M | $804.7M | $813.1M |
| PE | $218.8M | $207.8M | $212.9M | $224.8M |
| Other European Countries | — | $176.5M | $81.7M | $190.0M |
SOUTHERN COPPER CORP Annual Revenue by Year
SOUTHERN COPPER CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $13.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $13.4B |
| 2024 | $11.4B |
| 2023 | $9.9B |
| 2022 | $10.0B |
SOUTHERN COPPER CORP Quarterly Revenue & Net Profit History
SOUTHERN COPPER CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $3.9B | +39.0% | $1.3B | 33.9% |
| Q3 FY2025 | $3.4B | +15.2% | $1.1B | 32.9% |
| Q2 FY2025 | $3.1B | -2.2% | $976.7M | 32.0% |
| Q1 FY2025 | $3.1B | +20.1% | $949.1M | 30.4% |
| Q4 FY2024 | $2.8B | +21.3% | $796.2M | 28.6% |
| Q3 FY2024 | $2.9B | +17.0% | $899.8M | 30.7% |
| Q2 FY2024 | $3.1B | +35.5% | $953.8M | 30.6% |
| Q1 FY2024 | $2.6B | -6.9% | $738.8M | 28.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.60B | $3.12B | $2.93B | $2.78B | $3.12B | $3.05B | $3.38B | $3.87B |
| YoY Growth | -6.9% | 35.5% | 17.0% | 21.3% | 20.1% | -2.2% | 15.2% | 39.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $16.79B | $17.78B | $18.42B | $18.71B | $19.79B | $19.55B | $20.33B | $21.38B |
| Liabilities | $9.25B | $9.29B | $9.49B | $9.54B | $10.22B | $9.57B | $9.88B | $10.34B |
| Equity | $7.54B | $8.49B | $8.92B | $9.17B | $9.57B | $9.98B | $10.45B | $11.04B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $659.7M | $962.1M | $1.44B | $1.36B | $721.4M | $976.8M | $1.56B | $1.49B |