First Majestic Silver Corp. Income Statement 2025-2011 | AG

Brief overview of revenue and earnings at First Majestic Silver Corp.

This overview is based on financial performance over the past five years. Revenue at First Majestic Silver Corp. moved from $364 million in 2020 to $1.3 billion in 2025. The cumulative result was +245.5%, corresponding to roughly 28.1% per year. The annual growth rate indicates an exceptionally strong top-line trend.

Gross profit changed from 170 million dollars to 713 million dollars (+320.8%). Direct costs grew more slowly than revenue and improved the economics of sales. The gross margin was 46.6% at the start and 56.8% at the end. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA changed from 40.4 million dollars to 397 million dollars (+883.9%). Additional revenue translated efficiently into EBITDA. EBITDA margin was 11.1% at the start and 31.6% at the end. Higher profitability strengthens the quality of operating growth.

Over the period, net income shifted from $23.1 million to $211 million (+813.8%). The latest figure was the best within the selected horizon.

Market capitalization changed from 3.9 billion dollars to 10.5 billion dollars (+170.9%). Investors responded cautiously to the improvement in the business.

Summary assessment

The results point to consistent and sustainable progress. The financial profile benefits from positive operating leverage, improving net profitability and improving gross profitability. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.