NYSE$SVM

Silvercorp Metals Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Silvercorp reported a net loss for Q4 2025 despite strong revenue growth, due to a large non-cash charge.

Revenue grew significantly in Q4 2025 due to higher metal production and improved prices, but a $20.6 million charge on derivative liabilities led to a net loss.

  • Revenue rose to $75.1M in Q4 2025 driven by higher production and selling prices across all metals.
  • Reported net loss of $7.6M due to a $20.6M non-cash charge on derivative liabilities.
  • Adjusted EPS was positive at $0.07, reflecting underlying operational strength.
  • Operating cash flow grew 200% YoY to $30.7M.

Headline financials

Total Revenue

$75.1M

Previous: $42.7M+76.0%
EPS (adj)

$0.07

Previous: $0.02+250.0%
AISC per oz silver (net of by-products)

$14.31

No prior period
Ore processed (tonnes)

346.0K

No prior period
Silver production (oz)

1.6M

No prior period
Gold production (oz)

3.1K

No prior period
Lead production (lbs)

16.3M

No prior period
Zinc production (lbs)

4.4M

No prior period
Cash cost per oz silver (net of by-products)

$2.49

No prior period
Capital Expenditures

-$15.1M

No prior period
Net Income

-$7.59M

No prior period
Operating Income

$26.1M

No prior period
Gross Profit

$25.7M

No prior period

Revenue & EPS history

Silvercorp · Revenue · Quarterly

$75.1M

Q4 2025+76%vs Q4 2024
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Forward guidance

Silvercorp did not provide specific quantitative forward guidance but indicated strong financial flexibility and project readiness.

Tailwinds

  • Cash position strengthened to $369.1M, up 100% YoY.
  • Available stream financing credit of $175M for the El Domo project.
  • Higher realized prices for all key metals.
  • Strong growth in operating cash flow.
  • Capex and development projects well-funded.

Headwinds

  • Significant non-cash charge on derivative liabilities affected profitability.
  • Net loss reported in Q4 despite operational improvements.
  • Higher cash cost per oz of silver YoY.
  • Lead and zinc production from GC Mine declined YoY.
  • Continued exposure to fluctuations in derivative fair values.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.3%

Avg return

30 days after

49%

31 / 63 earnings

Positive

+16.1%

Q2 2014

Best reaction

-22.4%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026+1.9%+14.4%+28.2%
Q2 2026-6.4%-5.2%+2.1%
Q4 2025-4.1%+1.6%+5.2%
Q3 2025+7.8%+12.4%+26.7%
Q2 2025-7.0%-11.0%-29.3%
Q1 2025+6.9%+13.1%+16.6%
Q4 2024+6.2%+9.3%-9.8%
Q3 2024+4.8%+0.0%+19.8%
Q2 2024-0.5%+6.0%+23.7%
Q1 2024-0.4%-3.8%-9.4%
Q4 2023-11.0%-14.6%-17.9%
Q3 2023+0.9%+0.6%-7.6%
Q2 2023+14.5%+17.1%+27.8%
Q1 2023+0.0%-1.1%-11.8%
Q4 2022+6.2%-1.1%-0.7%
Q3 2022-0.6%+3.5%+22.6%
Q2 2022+4.3%+8.3%-12.1%
Q1 2022-1.5%-9.1%-3.8%
Q4 2021+1.2%+5.3%-4.5%
Q3 2021-3.4%-4.0%-20.9%
Q2 2021+15.8%+8.3%-13.6%
Q1 2021-4.2%-5.2%+5.7%
Q4 2020-5.1%-8.7%+7.4%
Q3 2020-22.4%-18.7%-32.8%
Q2 2020+0.0%+9.0%+22.1%
Q1 2020+11.0%+13.4%+24.6%
Q4 2019+2.4%-1.9%+23.6%
Q3 2019+6.7%+12.5%+16.1%
Q2 2019-2.7%-4.0%-10.3%
Q1 2019-1.8%-4.7%-6.1%
Q4 2018-1.7%-3.4%-5.7%
Q3 2018-4.4%+5.2%+2.4%
Q2 2018+0.4%-2.8%-12.6%
Q1 2018+0.4%-2.5%+12.5%
Q4 2017+3.4%-3.0%+3.7%
Q3 2017+7.7%
Q2 2017+0.0%
Q1 2017-1.8%
Q4 2016-9.1%
Q3 2016+10.3%
Q2 2016+1.0%
Q1 2016-3.1%
Q4 2015-1.6%
Q3 2015+7.8%
Q2 2014+16.1%
Q4 2013-10.6%
Q1 2014-10.6%
Q3 2013-5.9%
Q2 2013-4.5%
Q4 2012+0.4%
Q1 2013+0.4%
Q3 2012+0.4%
Q2 2012-3.6%
Q4 2011+4.0%
Q1 2012+4.0%
Q3 2011-2.2%
Q2 2011+4.1%
Q3 2010-8.6%
Q1 2011-8.6%
Q4 2010-8.6%
Q1 2010+2.4%
Q2 2010+0.4%
Q4 2009+2.9%

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