First Majestic Silver Corp. Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Mar'26

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Net Sales

653.85

646.87

392.57

365.89

350.02

241.00

199.26

Other Operating Income

0.00

Total Operating income

653.85

646.87

392.57

365.89

350.02

241.00

199.26

Raw Material Cost

292.51

319.65

260.41

301.85

262.91

177.43

164.15

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

136.53

116.07

103.94

109.19

95.57

56.92

70.79

Power Cost

0.00

Manufacturing Expenses

8.19

5.83

4.92

4.86

5.07

5.03

5.12

Selling and Distribution Expenses

37.65

34.04

26.29

29.52

32.76

26.75

24.75

Other Expenses

-14.47

-12.19

-10.89

-11.40

-10.06

-6.19

-7.59

Total Expenditure (Excl Depreciation)

330.16

353.70

286.71

331.37

295.68

204.17

188.90

Operating Profit (PBDIT) excl Other Income

323.7

293.2

105.9

34.5

54.3

36.800000000000004

10.4

Other Income

8.29

19.53

6.75

19.22

4.97

-4.95

-6.61

Operating Profit (PBDIT)

413.23

418.05

192.46

160.15

153.31

84.25

51.01

Interest

8.19

5.83

4.92

4.86

5.07

5.03

5.12

Exceptional Items

6.77

57.95

-16.36

3.76

-12.55

1.33

-1.61

Gross Profit (PBDT)

361.34

327.22

132.15

64.04

87.10

63.58

35.11

Depreciation

81.24

105.35

79.84

106.41

94.01

52.37

47.27

Profit Before Tax

330.57

364.82

91.33

52.65

41.68

28.18

-2.98

Tax

128.26

218.14

32.16

-25.70

32.73

47.03

33.29

Provisions and contingencies

0.00

Profit After Tax

175.71

115.92

37.15

72.77

3.25

-18.85

-36.27

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

175.71

115.92

37.15

72.77

3.25

-18.85

-36.27

Share in Profit of Associates

0.00

Minority Interest

26.59

30.76

22.01

5.58

5.71

0.00

Other related items

0.00

Consolidated Net Profit

202.31

146.68

59.16

78.35

8.95

-18.85

-36.27

Equity Capital

0.00

Face Value

0.0

Reserves

4,040.60

3,784.65

3,617.00

3,407.16

3,486.81

1,943.11

1,860.68

Earnings per share (EPS)

0.35

0.24

0.08

0.15

0.01

-0.06

-0.12

Diluted Earnings per share

0.35

0.24

0.08

0.15

0.01

-0.06

-0.12

Operating Profit Margin (Excl OI)

49.51%

45.32%

26.97%

9.43%

15.52%

15.28%

5.2%

Gross Profit Margin

62.98%

72.68%

43.6%

43.47%

38.77%

33.42%

22.23%

PAT Margin

26.87%

17.92%

9.46%

19.89%

0.93%

-7.82%

-18.2%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Mar 2026 is 1.07% vs 64.77% in Dec 2025

Consolidate Net Profit

QoQ Growth in quarter ended Mar 2026 is 37.90% vs 147.80% in Dec 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Mar 2026 is 1.61% vs 114.59% in Dec 2025

Interest

QoQ Growth in quarter ended Mar 2026 is 41.38% vs 18.37% in Dec 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

Compare Quarterly Results Of First Majestic Silver Corp. With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(CAD)

Change(%)

Net Sales

653.85

730.34

-76.49

-10.47%

Other Operating Income

0.00

Total Operating income

653.85

730.34

-76.49

-10.47%

Raw Material Cost

292.51

354.14

-61.63

-17.40%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

136.53

0.00

136.53

Power Cost

0.00

Manufacturing Expenses

8.19

9.34

-1.15

-12.31%

Selling and Distribution Expenses

37.65

19.64

18.01

91.70%

Other Expenses

-14.47

-0.93

-13.54

-1,455.91%

Total Expenditure (Excl Depreciation)

330.16

373.78

-43.62

-11.67%

Operating Profit (PBDIT) excl Other Income

323.69

356.56

-32.87

-9.22%

Other Income

8.29

38.07

-29.78

-78.22%

Operating Profit (PBDIT)

413.23

471.35

-58.12

-12.33%

Interest

8.19

9.34

-1.15

-12.31%

Exceptional Items

6.77

-46.64

53.41

114.52%

Gross Profit (PBDT)

361.34

376.20

-14.86

-3.95%

Depreciation

81.24

76.73

4.51

5.88%

Profit Before Tax

330.57

338.65

-8.08

-2.39%

Tax

128.26

152.27

-24.01

-15.77%

Provisions and contingencies

0.00

Profit After Tax

175.71

187.07

-11.36

-6.07%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

175.71

187.07

-11.36

-6.07%

Share in Profit of Associates

0.00

Minority Interest

26.59

-0.88

27.47

3,121.59%

Other related items

0.00

Consolidated Net Profit

202.31

186.19

16.12

8.66%

Equity Capital

0.00

Face Value

0.00

Reserves

4,040.60

6,026.49

-1,985.89

-32.95%

Earnings per share (EPS)

0.35

0.93

-0.58

-62.37%

Diluted Earnings per share

0.35

0.93

-0.58

-62.37%

Operating Profit Margin (Excl OI)

49.51%

48.82%

0.00

0.69%

Gross Profit Margin

62.98%

56.87%

0.00

6.11%

PAT Margin

26.87%

25.61%

0.00

1.26%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 65.38 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 1.07% vs 64.77% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 86.80% vs 144.76% in Mar 2025

Quarterly - Consolidate Net Profit

Consolidate Net Profit 20.23 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 37.90% vs 147.80% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 2,147.78% vs 149.18% in Mar 2025

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 40.49 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 1.61% vs 114.59% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 173.03% vs 1,801.28% in Mar 2025

Quarterly - Interest

Interest 0.82 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 41.38% vs 18.37% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 60.78% vs -5.56% in Mar 2025

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 49.51%

in Mar 2026

Figures in %

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

YoY Growth in quarter ended Mar 2026 has improved from Mar 2025