SOUTHERN COPPER CORP/
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SCCO Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 4,251.4 | 3,121.9 | +36.2% |
Show Product Lines breakouts |
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| Copper | 2,982.6 | 2,432 | +22.6% |
| Copper · Corporate & Elimination | -26.1 | -18.1 | -44.2% |
| Copper · Mexican IMMSA Unit | 42.4 | 21.3 | +99.1% |
| Copper · Mexican Open-Pit | 1,752.7 | 1,379.2 | +27.1% |
| Copper · Operating Segments | 3,008.7 | 2,450.1 | +22.8% |
| Copper · Peruvian Operations | 1,213.6 | 1,049.6 | +15.6% |
| Molybdenum | 445.5 | 300.5 | +48.3% |
| Molybdenum · Mexican Open-Pit | 230.1 | 164.4 | +40.0% |
| Molybdenum · Operating Segments | 445.5 | 300.5 | +48.3% |
| Molybdenum · Peruvian Operations | 215.4 | 136.1 | +58.3% |
| Other | 146.8 | 101.4 | +44.8% |
| Other · Corporate & Elimination | -1.6 | -0.7 | -128.6% |
| Other · Mexican IMMSA Unit | 24.2 | 17.2 | +40.7% |
| Other · Mexican Open-Pit | 74.6 | 53.9 | +38.4% |
| Other · Operating Segments | 148.4 | 102 | +45.5% |
| Other · Peruvian Operations | 49.6 | 30.9 | +60.5% |
| Silver | 531.5 | 176.6 | +201.0% |
| Silver · Corporate & Elimination | -57.3 | -22.6 | -153.5% |
| Silver · Mexican IMMSA Unit | 164.7 | 49.5 | +232.7% |
| Silver · Mexican Open-Pit | 321.4 | 100.3 | +220.4% |
| Silver · Operating Segments | 588.8 | 199.3 | +195.4% |
| Silver · Peruvian Operations | 102.7 | 49.4 | +107.9% |
| Zinc | 145 | 111.4 | +30.2% |
| Zinc · Corporate & Elimination | -7 | -7.5 | +6.7% |
| Zinc · Mexican IMMSA Unit | 87.3 | 67.4 | +29.5% |
| Zinc · Mexican Open-Pit | 64.7 | 51.5 | +25.6% |
| Zinc · Operating Segments | 152 | 118.9 | +27.8% |
Show Business Segments breakouts |
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| Mexican IMMSA Unit · BR | 9.5 | 7.3 | +30.1% |
| Mexican IMMSA Unit · CH | 42.1 | 5.6 | +651.8% |
| Mexican IMMSA Unit · IT | 5.8 | 5.3 | +9.4% |
| Mexican IMMSA Unit · MX | 238.5 | 135.9 | +75.5% |
| Mexican IMMSA Unit · Operating Segments | 318.5 | 155.5 | +104.8% |
| Mexican IMMSA Unit · Operating Segments | 81.4 | 48.9 | +66.5% |
| Mexican IMMSA Unit · Operating Segments | 237.2 | 106.5 | +122.7% |
| Mexican IMMSA Unit · Other European countries | 18.5 | 0.2 | +9150.0% |
| Mexican IMMSA Unit · US | 4.1 | — | — |
| Mexican Open-Pit · CH | 252 | 219.7 | +14.7% |
| Mexican Open-Pit · CN | 309.4 | 279.7 | +10.6% |
| Mexican Open-Pit · ES | 163.8 | 108.7 | +50.7% |
| Mexican Open-Pit · JP | 116.1 | 81.7 | +42.1% |
| Mexican Open-Pit · MX | 934.7 | 725.2 | +28.9% |
| Mexican Open-Pit · Operating Segments | 2,443.5 | 1,749.4 | +39.7% |
| Mexican Open-Pit · Operating Segments | 2,432.9 | 1,749.4 | +39.1% |
| Mexican Open-Pit · Operating Segments | 10.6 | — | — |
| Mexican Open-Pit · Other American countries | 15.7 | 11.6 | +35.3% |
| Mexican Open-Pit · Other Asian countries | 42.4 | 14.7 | +188.4% |
| Mexican Open-Pit · Other European countries | 287.3 | 3 | +9476.7% |
| Mexican Open-Pit · SG | 30.8 | 19.2 | +60.4% |
| Mexican Open-Pit · US | 291.3 | 286 | +1.9% |
| Peruvian Operations · BR | 212.4 | 130.1 | +63.3% |
| Peruvian Operations · CH | 178.1 | 168.4 | +5.8% |
| Peruvian Operations · CL | 181.3 | 109.6 | +65.4% |
| Peruvian Operations · CN | 21.2 | 3.9 | +443.6% |
| Peruvian Operations · ES | 40.8 | 50.9 | -19.8% |
| Peruvian Operations · IT | 122.7 | 100.1 | +22.6% |
| Peruvian Operations · JP | 102.2 | 133.8 | -23.6% |
| Peruvian Operations · Operating Segments | 1,581.3 | 1,266 | +24.9% |
| Peruvian Operations · Operating Segments | 1,581.3 | 1,266 | +24.9% |
| Peruvian Operations · Other American countries | 5.1 | 2 | +155.0% |
| Peruvian Operations · Other Asian countries | 8.9 | 8.8 | +1.1% |
| Peruvian Operations · Other European countries | 124.8 | 186.9 | -33.2% |
| Peruvian Operations · PE | 292.5 | 224.3 | +30.4% |
| Peruvian Operations · SG | 2.1 | 23.8 | -91.2% |
| Peruvian Operations · US | 289.2 | 123.1 | +134.9% |
Show Geography breakouts |
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| BR | 221.9 | 137.3 | +61.6% |
| BR · Operating Segments | 221.9 | 137.3 | +61.6% |
| CH | 472.2 | 393.7 | +19.9% |
| CH · Operating Segments | 472.2 | 393.7 | +19.9% |
| CL | 181.3 | 109.6 | +65.4% |
| CL · Operating Segments | 181.3 | 109.6 | +65.4% |
| CN | 330.7 | 283.6 | +16.6% |
| CN · Operating Segments | 330.7 | 283.6 | +16.6% |
| ES | 204.6 | 159.6 | +28.2% |
| ES · Operating Segments | 204.6 | 159.6 | +28.2% |
| IT | 128.6 | 105.4 | +22.0% |
| IT · Operating Segments | 128.6 | 105.4 | +22.0% |
| JP | 218.3 | 215.5 | +1.3% |
| JP · Operating Segments | 218.3 | 215.5 | +1.3% |
| MX | 1,081.2 | 813.1 | +33.0% |
| MX · Corporate & Elimination | -92 | -48.2 | -90.9% |
| MX · Operating Segments | 1,173.2 | 861.3 | +36.2% |
| Other American countries | 20.9 | 13.5 | +54.8% |
| Other American countries · Operating Segments | 20.9 | 13.5 | +54.8% |
| Other Asian countries | 51.2 | 23.5 | +117.9% |
| Other Asian countries · Operating Segments | 51.2 | 23.5 | +117.9% |
| Other European countries | 430.5 | 190 | +126.6% |
| Other European countries · Operating Segments | 430.5 | 190 | +126.6% |
| PE | 292.5 | 224.8 | +30.1% |
| PE · Operating Segments | 292.5 | 225.5 | +29.7% |
| SG | 32.8 | 43 | -23.7% |
| SG · Operating Segments | 32.8 | 43 | -23.7% |
| US | 584.7 | 409.1 | +42.9% |
| US · Operating Segments | 584.7 | 409.1 | +42.9% |
Show Consolidation Items breakouts |
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| Corporate & Elimination | -92 | -48.9 | -88.1% |
| Corporate & Elimination · Intersubsegment Eliminations | -92 | -48.9 | -88.1% |
| Operating Segments | 4,343.4 | 3,170.8 | +37.0% |
| Operating Segments · Intersubsegment Eliminations | 92 | 48.9 | +88.1% |
| Operating Segments · Reportable Subsegments | 4,251.4 | 3,121.9 | +36.2% |
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| Reportable Subsegments | 4,251.4 | 3,121.9 | +36.2% |
| Cost of Revenue | 1,498.8 | 1,319.2 | +13.6% |
Show Business Segments breakouts |
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| Mexican IMMSA Unit · Operating Segments | 149.8 | 112 | +33.8% |
| Mexican Open-Pit · Operating Segments | 888.1 | 668 | +32.9% |
| Peruvian Operations · Operating Segments | 557.8 | 597.1 | -6.6% |
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| Corporate & Elimination | -96.9 | -58 | -67.1% |
| Operating Segments | 1,595.7 | 1,377.2 | +15.9% |
| Selling, General & Administrative | 35.8 | 31.7 | +12.9% |
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| Mexican IMMSA Unit · Operating Segments | 5.6 | 2.7 | +107.4% |
| Mexican Open-Pit · Operating Segments | 16.9 | 16.9 | 0.0% |
| Peruvian Operations · Operating Segments | 10.4 | 9 | +15.6% |
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| Corporate & Elimination | 2.9 | 3 | -3.3% |
| Operating Segments | 32.9 | 28.7 | +14.6% |
| Depreciation & Amortization | 225.7 | 223.8 | +0.8% |
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| Mexican IMMSA Unit · Operating Segments | 20.5 | 19.8 | +3.5% |
| Mexican Open-Pit · Operating Segments | 109.6 | 97.7 | +12.2% |
| Peruvian Operations · Operating Segments | 85.9 | 94.5 | -9.1% |
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| Corporate & Elimination | 9.7 | 11.7 | -17.1% |
| Operating Segments | 216 | 212 | +1.9% |
| Exploration Expense | 10.8 | 11.7 | -7.7% |
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| Mexican IMMSA Unit · Operating Segments | 1.9 | 2.4 | -20.8% |
| Mexican Open-Pit · Operating Segments | 1.3 | 1.3 | 0.0% |
| Peruvian Operations · Operating Segments | 3.5 | 3.8 | -7.9% |
Show Consolidation Items breakouts |
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| Corporate & Elimination | 4.1 | 4.2 | -2.4% |
| Operating Segments | 6.7 | 7.5 | -10.7% |
| Total Costs & Expenses | 1,771 | 1,586.4 | +11.6% |
| Operating Income | 2,480.4 | 1,535.5 | +61.5% |
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| Mexican IMMSA Unit · Operating Segments | 140.8 | 18.4 | +665.2% |
| Mexican Open-Pit · Operating Segments | 1,427.5 | 965.5 | +47.9% |
| Peruvian Operations · Operating Segments | 923.7 | 561.5 | +64.5% |
Show Consolidation Items breakouts |
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| Corporate & Elimination | -11.7 | -9.9 | -18.2% |
| Operating Segments | 2,492.1 | 1,545.5 | +61.2% |
| Interest Costs Incurred | -104.5 | -102.3 | -2.2% |
| Interest Costs Capitalized Adjustment | 14.7 | 10.4 | +41.3% |
| Interest Income | 46.8 | 48.7 | -3.9% |
| Other Non-Operating Income (Expense) | 6.7 | -13.7 | +148.9% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 2,444.1 | 1,478.5 | +65.3% |
| Current And Royalty Taxes | 891 | 532.8 | +67.2% |
| Income Loss From Continuing Operations After Income Taxes And Before Income Loss From Equity Method Investments | 1,553.2 | 945.8 | +64.2% |
| Income Loss From Equity Method Investments | 28.7 | 3.3 | +769.7% |
| Net Income | 1,581.9 | 949.1 | +66.7% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 5 | 3.2 | +56.2% |
| Retained Earnings | 1,576.9 | 945.9 | +66.7% |
| Net Income Loss Attributable To Noncontrolling Interest | 5 | 3.2 | +56.2% |
| Net Income Loss Available To Common Stockholders Basic | 1,576.9 | 945.9 | +66.7% |
| EPS (Basic) | 1.92 | 1.15 | +67.0% |
| EPS (Diluted) | 1.92 | 1.15 | +67.0% |
| Wtd Avg Shares (Basic) | 821.7 | 821.6 | 0.0% |
| Wtd Avg Shares (Diluted) | 821.7 | 821.6 | 0.0% |
| Revenue (Q) | — | — | — |
Show Counterparty Name breakouts |
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| Asarco LLC ("Asarco") · Affiliated Entity | 13 | 13 | 0.0% |
| Empresarios Industriales de Mexico, S.A. de C.V · Affiliated Entity | 0.2 | 0.1 | +100.0% |
| Grupo Mexico and affiliates · Affiliated Entity | 19.8 | 31.4 | -36.9% |
| Mexico Transportes Aereos S.A. de C.V. ("Mextransport") · Affiliated Entity | 0.6 | 0.7 | -14.3% |
| MGE · Affiliated Entity | 6.8 | 18.4 | -63.0% |
Show Related Party Transactions By Related Party breakouts |
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| Affiliated Entity | 0.9 | 0.8 | +12.5% |
| Income Tax Expense (Benefit) | 891 | 532.8 | +67.2% |
| Comprehensive Income | 1,576.9 | 945.9 | +66.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 4,915.4 | 4,116.3 | +19.4% |
| Short-Term Investments | 434.1 | 218.2 | +98.9% |
| Accounts Receivable | 2,016.3 | 1,548.1 | +30.2% |
Show Business Segments breakouts |
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| Mexican IMMSA Unit · Operating Segments | 115.8 | 54.2 | +113.7% |
| Mexican Open-Pit · Operating Segments | 1,182.4 | 930.7 | +27.0% |
| Peruvian Operations · Operating Segments | 718.1 | 563.2 | +27.5% |
Show Consolidation Items breakouts |
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| Operating Segments | 2,016.3 | 1,548.1 | +30.2% |
| Accounts Receivable Other | 63.4 | — | — |
| Inventory | 959.2 | 966.1 | -0.7% |
| Prepaid Taxes | 296 | 279 | +6.1% |
| Other Assets Current | 32.6 | 35.3 | -7.6% |
| Total Current Assets | 8,717 | 7,220 | +20.7% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 10,468.1 | 9,934.6 | +5.4% |
Show Business Segments breakouts |
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| Mexican IMMSA Unit · Operating Segments | 816 | 794.9 | +2.7% |
| Mexican Open-Pit · Operating Segments | 5,177.9 | 4,951.1 | +4.6% |
| Peruvian Operations · Operating Segments | 4,060.1 | 3,816.9 | +6.4% |
Show Consolidation Items breakouts |
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| Corporate & Elimination | 414 | 371.7 | +11.4% |
| Operating Segments | 10,054.1 | 9,562.9 | +5.1% |
| Operating Lease Right-of-Use Assets | 674 | 720.7 | -6.5% |
| Deferred Tax Assets | 352.5 | 288.7 | +22.1% |
| Other Non-Current Assets | 329.1 | 246.3 | +33.6% |
| Total Assets | 21,929.9 | 19,791.2 | +10.8% |
Show Business Segments breakouts |
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| Mexican IMMSA Unit · Operating Segments | 1,517.3 | 1,214.5 | +24.9% |
| Mexican Open-Pit · Operating Segments | 9,798.4 | 9,185.2 | +6.7% |
| Peruvian Operations · Operating Segments | 5,575.1 | 5,295.6 | +5.3% |
Show Consolidation Items breakouts |
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| Corporate & Elimination | 5,039.2 | 4,096 | +23.0% |
| Operating Segments | 16,890.7 | 15,695.3 | +7.6% |
| Other Assets | |||
| Inventory Ore Stockpiles On Leach Pads | 1,116 | 1,143.3 | -2.4% |
| Intangible Assets Net Including Goodwill | 122.6 | 122.6 | 0.0% |
| Equity Method Investments | 150.7 | 115 | +31.0% |
| Current Liabilities | |||
| Accounts Payable | 906 | 684.4 | +32.4% |
| Accrued Income Taxes Current | 460.5 | 260.2 | +77.0% |
| Accrued Workers Participation | 352.2 | 224.1 | +57.2% |
| Interest Payable Current | 126.1 | 134.6 | -6.3% |
| Operating Lease Liability Current | 88.5 | 83.1 | +6.5% |
| Other Accrued Liabilities Current | 59.2 | 58.1 | +1.9% |
| Total Current Liabilities | 1,992.4 | 1,944.4 | +2.5% |
| Non-Current Liabilities | |||
| Long-Term Debt | 6,751.9 | 6,747 | +0.1% |
| Operating Lease Liabilities | 561.3 | 637.6 | -12.0% |
| Deferred Tax Liabilities | 110.4 | 130.8 | -15.6% |
| Liability For Uncertain Tax Positions Noncurrent | 103 | 92.9 | +10.9% |
| Other Non-Current Liabilities | 66.6 | 68.9 | -3.3% |
| Asset Retirement Obligations Noncurrent | 485 | 532.9 | -9.0% |
| Liabilities Noncurrent | 8,078.2 | 8,210.1 | -1.6% |
| Stockholders' Equity | |||
| Common Stock | 8.8 | 8.8 | 0.0% |
| Additional Paid In Capital Common Stock | 8,348.2 | 5,433 | +53.7% |
| Retained Earnings | 5,292.7 | 6,682.8 | -20.8% |
| Accumulated Other Comprehensive Income | 8.3 | -2.2 | +477.3% |
| Treasury Stock Value | -1,870.5 | -2,554.1 | +26.8% |
| Total Stockholders' Equity | 11,787.6 | 9,568.3 | +23.2% |
| Minority Interest | 71.8 | 68.4 | +5.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 11,859.3 | 9,636.7 | +23.1% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 8.3 | -2.2 | +477.3% |
| Additional Paid In Capital | 8,348.2 | 5,433 | +53.7% |
| Noncontrolling Interest | 71.8 | 68.4 | +5.0% |
| Parent | 11,787.6 | 9,568.3 | +23.2% |
| Retained Earnings | 5,292.7 | 6,682.8 | -20.8% |
| Treasury Stock Common | -1,870.5 | -2,554.1 | +26.8% |
| Treasury Stock Common · Parent Company | -1,452.5 | -2,194.1 | +33.8% |
| Treasury Stock Common · Parent Company (Grupo Mexico) | -418 | -360.1 | -16.1% |
| Total Liabilities & Equity | 21,929.9 | 19,791.2 | +10.8% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | -16.2 | -3.1 | -422.6% |
| Foreign Currency Transaction Gain Loss Unrealized | -17.6 | 14 | -225.7% |
| Deferred Income Taxes | -34.8 | 28.2 | -223.4% |
| Other Non-Cash Items | 11.7 | 14.3 | -18.2% |
| Increase Decrease In Accounts And Other Receivables | -65.1 | -358.6 | +81.8% |
| Change in Inventory | 97.4 | 85.3 | +14.2% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -109.9 | -273.7 | +59.8% |
| Increase Decrease In Other Operating Capital Net | 21.5 | 42 | -48.8% |
| Net Cash from Operations | 1,694.5 | 721.4 | +134.9% |
| Investing Activities | |||
| Capital Expenditures | -441.9 | -317.8 | -39.0% |
| Payments For Proceeds From Short Term Investments | 170.5 | 27.1 | +529.2% |
| Net Cash from Investing | -271.3 | -290.7 | +6.7% |
| Financing Activities | |||
| Payments Of Dividends Common Stock | -819.2 | -553.3 | -48.1% |
| Proceeds From Payments For Other Financing Activities | 0.1 | -1.2 | +108.3% |
| Net Cash from Financing | -819.1 | 432.9 | -289.2% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 6.7 | -5.4 | +224.1% |
| Net Change in Cash | 610.8 | 858.2 | -28.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 4,915.4 | 4,116.3 | +19.4% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.