Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
5,056.79
3,861.78
3,126.01
1,945.90
2,047.03
1,795.75
1,792.32
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
5,056.79
3,861.78
3,126.01
1,945.90
2,047.03
1,795.75
1,792.32
Raw Material Cost
3,152.28
3,167.08
2,791.29
1,926.13
1,608.98
1,334.82
1,516.72
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
873.31
808.28
761.63
463.73
448.67
430.14
388.07
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
81.04
73.16
77.20
9.92
10.94
15.89
25.71
Selling and Distribution Expenses
162.09
95.62
82.87
37.72
43.70
48.79
42.13
Other Expenses
-95.43
-88.14
-83.88
-47.36
-45.96
-44.60
-41.38
Total Expenditure (Excl Depreciation)
3,314.37
3,262.70
2,874.16
1,963.86
1,652.68
1,383.61
1,558.85
Operating Profit (PBDIT) excl Other Income
1742.4
599.0999999999999
251.9
-18
394.4
412.1
233.5
Other Income
30.74
229.74
53.45
7.57
37.73
71.81
108.16
Operating Profit (PBDIT)
2,393.56
1,537.10
854.49
348.99
781.43
786.21
659.38
Interest
81.04
73.16
77.20
9.92
10.94
15.89
25.71
Exceptional Items
40.52
-46.44
-156.43
-358.73
-79.59
-80.16
-44.39
Gross Profit (PBDT)
1,904.50
694.71
334.72
19.77
438.05
460.93
275.60
Depreciation
730.78
826.09
699.68
430.75
389.19
353.97
349.45
Profit Before Tax
1,622.25
591.41
-78.82
-450.41
301.70
336.19
239.83
Tax
360.50
437.02
62.22
50.93
183.58
101.34
94.57
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
1,366.55
152.75
-139.96
-444.91
122.15
238.59
146.94
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
1,366.55
152.75
-139.96
-444.91
122.15
238.59
146.94
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
2.79
1.64
-1.62
2.19
1.42
-1.91
0.67
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
1,369.34
154.39
-141.58
-442.71
123.57
236.68
147.61
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
9,591.14
6,764.57
6,277.46
2,974.76
3,324.05
3,315.61
3,194.02
Earnings per share (EPS)
3.58
0.42
-0.43
-2.11
0.58
1.13
0.73
Diluted Earnings per share
3.58
0.42
-0.43
-2.11
0.58
1.13
0.73
Operating Profit Margin (Excl OI)
32.27%
12.46%
3.24%
-4.59%
17.32%
20.07%
11.26%
Gross Profit Margin
46.53%
36.71%
19.86%
-1.01%
33.75%
38.43%
32.88%
PAT Margin
27.02%
3.96%
-4.48%
-22.86%
5.97%
13.29%
8.2%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 30.94% vs 23.54% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 786.85% vs 209.04% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 80.73% vs 63.22% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is 10.66% vs -5.18% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Pan American Silver Corp. With
Figures in Million
Consolidate Annual Results
Change(CAD)
Change(%)
Net Sales
5,056.79
9,852.42
-4,795.63
-48.67%
Other Operating Income
0.00
0.00
0.00
Total Operating income
5,056.79
9,852.42
-4,795.63
-48.67%
Raw Material Cost
3,152.28
5,177.37
-2,025.09
-39.11%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
873.31
1,205.86
-332.55
-27.58%
Power Cost
0
0
0.00
Manufacturing Expenses
81.04
114.30
-33.26
-29.10%
Selling and Distribution Expenses
162.09
288.54
-126.45
-43.82%
Other Expenses
-95.43
-132.02
36.59
27.72%
Total Expenditure (Excl Depreciation)
3,314.37
5,465.91
-2,151.54
-39.36%
Operating Profit (PBDIT) excl Other Income
1,742.42
4,386.51
-2,644.09
-60.28%
Other Income
30.74
67.63
-36.89
-54.55%
Operating Profit (PBDIT)
2,393.56
5,936.10
-3,542.54
-59.68%
Interest
81.04
114.30
-33.26
-29.10%
Exceptional Items
40.52
255.28
-214.76
-84.13%
Gross Profit (PBDT)
1,904.50
4,675.05
-2,770.55
-59.26%
Depreciation
730.78
1,613.17
-882.39
-54.70%
Profit Before Tax
1,622.25
4,463.92
-2,841.67
-63.66%
Tax
360.50
1,012.62
-652.12
-64.40%
Provisions and contingencies
0
0
0.00
Profit After Tax
1,366.55
3,339.66
-1,973.11
-59.08%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
1,366.55
3,339.66
-1,973.11
-59.08%
Share in Profit of Associates
0
0
0.00
Minority Interest
2.79
111.64
-108.85
-97.50%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
1,369.34
3,451.30
-2,081.96
-60.32%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
9,591.14
11,755.55
-2,164.41
-18.41%
Earnings per share (EPS)
3.58
2.73
0.85
31.14%
Diluted Earnings per share
3.58
2.73
0.85
31.14%
Operating Profit Margin (Excl OI)
32.27%
43.19%
0.00
-10.92%
Gross Profit Margin
46.53%
61.68%
0.00
-15.15%
PAT Margin
27.02%
33.90%
0.00
-6.88%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 505.68 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 30.94% vs 23.54% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 136.93 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 786.85% vs 209.04% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 236.28 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 80.73% vs 63.22% in Dec 2024
Annual - Interest
Interest 8.10 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 10.66% vs -5.18% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 32.27%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






