AG FY 2025 Earnings Report — First Majestic Silver Corp. Revenue & Financial Results | Market Cap Arena

First Majestic Silver Corp.AG

FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.3B	—	$561M	—	128.2%
Op. Income	$356M	—	-$4M	—	9582.2%
Gross Margin	34.8%	—	34.3%	—	0.5pp
Net Margin	13.1%	—	-18.2%	—	31.3pp
EPS (Diluted)	$0.35	—	$-0.34	—	202.9%
Free Cash Flow	$352M	—	$37M	—	854.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$834M
GROSS PROFIT	$445M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$89M
Other Expenses	$0
Operating Expenses	$89M
Cost & Expenses	$923M
OPERATING INCOME	$356M
Interest Income	$15M
Interest Expense	$15M
Other Income/Expenses	$46M
INCOME BEFORE TAX	$402M
Income Tax Expense	$187M
Net Income from Continuing Ops	$215M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$281M
EBIT	$356M
EBITDA	$637M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$834M
GROSS PROFIT	$445M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$89M
Other Expenses	$0
Operating Expenses	$89M
Cost & Expenses	$923M
OPERATING INCOME	$356M
Interest Income	$15M
Interest Expense	$15M
Other Income/Expenses	$46M
INCOME BEFORE TAX	$402M
Income Tax Expense	$187M
Net Income from Continuing Ops	$215M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$281M
EBIT	$356M
EBITDA	$637M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$168M
Depreciation & Amortization	$281M
Stock-Based Compensation	$0
Deferred Income Tax	-$91M
Other Non-Cash Items	$233M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$566M
Capital Expenditure	-$214M
Acquisitions (Net)	$157M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$38M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$128M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$10M
Other Financing Activities	-$60M
NET CASH FROM FINANCING	$98M
FREE CASH FLOW	$352M
Net Change in Cash	$590M

Balance Sheet

Item	Amount
Cash & Equivalents	$792M
Short-Term Investments	$180M
Net Receivables	$122M
Inventory	$85M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$3.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$149M
Tax Assets	$80M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.7B
Account Payables	$58M
Short-Term Debt	$11M
Deferred Revenue	$590.9K
Other Current Liabilities	$94M
TOTAL CURRENT LIABILITIES	$458M
Long-Term Debt	$297M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$570M
Other Non-Current Liabilities	$189M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.5B
Common Stock	$3.1B
Additional Paid-In Capital	$0
Retained Earnings	-$561M
Treasury Stock	$0
Accum. Other Comp. Income	$243M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$411M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$314M
Net Debt	-$478M