Quarterly ResultNov 5, 2026, 05:27 PM
Silvercorp Metals Reports Q3 Net Income of $5.3M vs. Loss Last Year
AI Summary
Silvercorp Metals Inc. reported its financial results for the three and six months ended September 30, 2026. Revenue for the third quarter decreased by 13% year-over-year to $72.1 million. However, the company swung to a net income of $5.3 million ($0.02 per share) from a net loss in the prior year's quarter. For the six-month period, net income surged to $64.7 million ($0.29 per share) from $6.6 million ($0.03 per share) in the prior year. Total assets and liabilities saw increases, while cash and cash equivalents decreased.
Key Highlights
- Revenue for the three months ended September 30, 2026 was $72.1 million, a decrease of 13% from $83.3 million in the prior year.
- Net income attributable to equity holders for the three months ended September 30, 2026 was $5.3 million, or $0.02 per share, compared to a net loss of $11.5 million, or ($0.05) per share, in the prior year.
- For the six months ended September 30, 2026, net income attributable to equity holders was $64.7 million, or $0.29 per share, compared to $6.6 million, or $0.03 per share, in the prior year.
- Total assets increased to $1.61 billion as of September 30, 2026, from $1.46 billion as of March 31, 2026.
- Total liabilities increased to $415.7 million as of September 30, 2026, from $358.6 million as of March 31, 2026.
- Cash and cash equivalents decreased to $383.5 million as of September 30, 2026, from $422.0 million as of March 31, 2026.
Price Impact
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