Southern Copper Corp (LTS:0L8B)

Q4 2025 Southern Copper Corp Earnings Call Transcript

Jan 28, 2026 / 03:00PM GMT

Release Date Price: $191.64 (+1.83%)

Transcript 8-K

Key Points

Positve

Southern Copper Corp (SCCO) achieved record sales of $13.4 billion in 2025, a 17% increase from 2024.
The company reported a record high adjusted EBITDA of $7.8 billion, reflecting a 22% increase over 2024.
Net income for 2025 reached a record $4.3 billion, 28% higher than the previous year.
Mined zinc production increased by 36% year-on-year, driven by additional output from the Buenavista zinc concentrator.
Southern Copper Corp (SCCO) has committed to a capital investment program exceeding $20.5 billion, focusing on projects in Peru and Mexico.

Negative

Copper production decreased by 1.8% in 2025, falling short of the company's plan by 1%.
For 2026, Southern Copper Corp (SCCO) expects a further decrease in copper production by 4.7% due to lower ore grades.
Operating costs and expenses increased by $282 million, or 19%, compared to the fourth quarter of 2024.
The company faces challenges with illegal miners at the Los Chancas project area, hindering progress.
Southern Copper Corp (SCCO) anticipates a copper market deficit of about 320,000 tons for 2026, which could impact supply dynamics.

Operator

Good morning, and welcome to Southern Copper Corporation's fourth-quarter and year 2025. With us this morning, we have Southern Copper Corporation, Mr. Raul Jacob, Vice President, Finance, Treasurer and CFO, who will discuss the results of the company for the fourth quarter and year 2025 as well as answer any questions that you might have.

The information discussed on today's call may include forward-looking statements regarding the company's results and prospects, which are subject to risks and uncertainties. Actual results may differ materially, and the company cautions to not place undue reliance on these forward-looking statements. Southern Copper Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All results are expressed in full US GAAP.

Now I will pass the call on to Mr. Raul Jacob.

Raul Jacob Ruisanchez

Southern Copper Corp - Chief Financial Officer, Vice President - Finance, Treasurer

Thank you very much, Gigi. Good

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