Silvercorp Metals Reports 46.6% Revenue Growth; Net Income Turns to Loss
Silvercorp Metals Inc. reported a significant increase in revenue for the year ended March 31, 2026, reaching $438.14 million, up from $298.90 million in the previous year. However, net income attributable to equity holders saw a substantial decrease, resulting in a loss of $9.94 million ($0.05 loss per share) compared to a profit of $58.19 million ($0.29 earnings per share) in the prior year. This shift was largely influenced by a significant increase in the loss on derivative liabilities, which rose to $178.54 million. The company also completed the acquisition of Chaarat ZAAV CJSC for $91.7 million, expanding its asset base and geographical presence. Despite the net income decrease, cash and cash equivalents increased, and total assets grew substantially.
Key Highlights
- Revenue increased by 46.6% to $438.14 million for the year ended March 31, 2026, compared to $298.90 million in the prior year.
- Net income attributable to equity holders decreased to a loss of $9.94 million ($0.05 loss per share) for the year ended March 31, 2026, from $58.19 million ($0.29 earnings per share) in the prior year.
- Total comprehensive income attributable to equity holders decreased to $14.54 million for the year ended March 31, 2026, from $55.58 million in the prior year.
- The company acquired Chaarat ZAAV CJSC for $91.7 million, which holds licenses for the Tulkubash and Kyzyltash gold projects.
- Loss on derivative liabilities significantly increased to $178.54 million for the year ended March 31, 2026, compared to $9.01 million in the prior year.
- Cash and cash equivalents increased to $421.99 million as of March 31, 2026, from $363.98 million as of March 31, 2025.
- Total assets grew to $1.46 billion as of March 31, 2026, from $1.14 billion as of March 31, 2025.
Price Impact
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