NASDAQ : SCZM
Santacruz Silver Mining Ltd. — Financial statements
Materials · Other Precious Metals · Canada
Last price 6.62 USD (Oct 30, 2026, 2:52 PM EDT) · Market cap 613.55M
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Financial statements
Santacruz Silver Mining Ltd. (SCZM) reported revenue of 423.76M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 423.76M | 326.38M | 282.99M | 251.26M | 278.59M | 53.33M |
| Cost of Revenue | 250.93M | 199.49M | 206.06M | 199.43M | 241.07M | 40.67M |
| Gross Profit | 172.83M | 126.89M | 76.93M | 51.82M | 37.52M | 12.66M |
| Selling, General & Admin | 26.79M | 22.30M | 24.31M | 26.29M | 21.55M | 11.93M |
| Other Operating Expenses | 2.96M | 2.15M | 1.90M | 1.04M | 1.24M | 1.33M |
| Operating Expenses | 56.02M | 46.00M | 46.01M | 61.11M | 38.70M | 20.76M |
| Operating Income | 116.81M | 80.89M | 30.92M | -9.28M | -1.18M | -8.10M |
| Interest Expense | -3.92M | -2.73M | -2.22M | -2.76M | -4.26M | -3.29M |
| Interest & Investment Income | 4.40M | 1.51M | 480.00K | 584.00K | 947.00K | 274.00K |
| Currency Exchange Gain (Loss) | 7.49M | 2.02M | 44.20M | 6.73M | 620.00K | 126.00K |
| Other Non Operating Income (Expenses) | -4.85M | 6.46M | 457.00K | 712.00K | 3.36M | -247.00K |
| EBT Excluding Unusual Items | 119.93M | 88.14M | 73.83M | -4.02M | -510.00K | -11.23M |
| Merger & Restructuring Charges | -3.60M | |||||
| Impairment of Goodwill | -6.47M | |||||
| Gain (Loss) on Sale of Investments | -2.05M | -1.54M | 2.08M | |||
| Gain (Loss) on Sale of Assets | 14.65M | 911.00K | ||||
| Asset Writedown | 2.02M | 2.02M | -8.57M | -4.54M | ||
| Other Unusual Items | -15.46M | -15.46M | 118.20M | -1.45M | -3.80M | |
| Pretax Income | 106.48M | 74.70M | 192.04M | -7.91M | -13.99M | -8.24M |
| Income Tax Expense | 64.21M | 32.48M | 27.55M | 3.10M | 4.51M | 3.32M |
| Earnings From Continuing Operations | 42.27M | 42.22M | 164.48M | -11.01M | -18.51M | -11.56M |
| Net Income | 42.27M | 42.22M | 164.48M | -11.01M | -18.51M | -11.56M |
| Net Income to Common | 42.27M | 42.22M | 164.48M | -11.01M | -18.51M | -11.56M |
| Shares Outstanding (Basic) | 91.58M | 89.85M | 88.44M | 87.49M | 84.78M | 77.00M |
| Shares Outstanding (Diluted) | 92.38M | 92.20M | 89.06M | 88.07M | 84.78M | 77.00M |
| EPS (Basic) | 0.46 | 0.47 | 1.86 | -0.13 | -0.22 | -0.15 |
| EPS (Diluted) | 0.45 | 0.46 | 1.85 | -0.13 | -0.22 | -0.15 |
| Free Cash Flow | 29.18M | 48.49M | 31.81M | 7.46M | 13.60M | -5.07M |
| Free Cash Flow Per Share | 0.32 | 0.53 | 0.36 | 0.09 | 0.16 | -0.07 |
| Gross Margin | 40.78% | 38.88% | 27.19% | 20.63% | 13.47% | 23.74% |
| Operating Margin | 27.57% | 24.78% | 10.93% | -3.69% | -0.42% | -15.19% |
| Profit Margin | 9.98% | 12.94% | 58.12% | -4.38% | -6.64% | -21.68% |
| Free Cash Flow Margin | 6.89% | 14.86% | 11.24% | 2.97% | 4.88% | -9.51% |
| EBITDA | 144.03M | 102.03M | 51.84M | 23.91M | 13.30M | -3.96M |
| EBITDA Margin | 33.99% | 31.26% | 18.32% | 9.52% | 4.77% | -7.43% |
| D&A For EBITDA | 27.22M | 21.14M | 20.92M | 33.19M | 14.47M | 4.14M |
| EBIT | 116.81M | 80.89M | 30.92M | -9.28M | -1.18M | -8.10M |
| EBIT Margin | 27.57% | 24.78% | 10.93% | -3.69% | -0.42% | -15.19% |
| Effective Tax Rate | 60.30% | 43.48% | 14.35% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 50.40M | 44.27M | 35.72M | 4.95M | 4.61M | 938.00K |
| Short-Term Investments | 16.62M | 16.66M | ||||
| Trading Asset Securities | 60.00K | 2.77M | 4.10M | |||
| Cash & Short-Term Investments | 67.02M | 60.93M | 35.72M | 5.01M | 7.38M | 5.04M |
| Accounts Receivable | 100.26M | 88.40M | 99.85M | 66.75M | 99.03M | 5.28M |
| Other Receivables | 7.98M | |||||
| Receivables | 100.26M | 88.40M | 99.85M | 66.75M | 99.03M | 13.26M |
| Inventory | 71.88M | 57.52M | 32.44M | 33.29M | 29.45M | 1.27M |
| Prepaid Expenses | 17.13M | 14.05M | 5.66M | 5.54M | 5.80M | 2.50M |
| Other Current Assets | 3.84M | |||||
| Total Current Assets | 256.29M | 220.90M | 173.67M | 110.58M | 145.50M | 22.07M |
| Property, Plant & Equipment | 157.09M | 160.56M | 144.73M | 141.76M | 154.37M | 38.79M |
| Long-Term Investments | 5.80M | 5.80M | ||||
| Goodwill | 15.47M | 15.47M | 15.47M | 15.47M | 13.92M | |
| Long-Term Accounts Receivable | 47.15M | 36.25M | 30.56M | 41.81M | 31.81M | |
| Long-Term Deferred Tax Assets | 8.39M | 6.80M | 9.60M | 7.15M | 2.71M | |
| Other Long-Term Assets | 53.00K | |||||
| Total Assets | 490.18M | 445.77M | 374.02M | 316.77M | 348.32M | 60.91M |
| Accounts Payable | 23.80M | 34.54M | 29.78M | 40.78M | 66.02M | 25.73M |
| Accrued Expenses | 16.28M | 12.86M | 9.00M | 7.89M | 3.89M | |
| Short-Term Debt | 44.87M | 49.02M | 14.79M | 11.33M | ||
| Current Portion of Long-Term Debt | 94.00K | 1.62M | 1.64M | 5.70M | 17.96M | 4.83M |
| Current Portion of Leases | 175.00K | |||||
| Current Income Taxes Payable | 64.31M | 49.47M | 45.45M | 21.44M | 20.27M | 7.27M |
| Other Current Liabilities | 8.38M | 9.70M | 26.71M | 72.62M | 121.27M | |
| Total Current Liabilities | 170.17M | 157.21M | 127.37M | 159.75M | 225.52M | 41.90M |
| Long-Term Debt | 200.00K | 1.34M | 3.14M | 748.00K | 4.26M | 7.17M |
| Long-Term Leases | 33.00K | 867.00K | 650.00K | 2.00M | 639.00K | 167.00K |
| Long-Term Deferred Tax Liabilities | 29.05M | 25.01M | 21.23M | 19.21M | 17.03M | 2.23M |
| Other Long-Term Liabilities | 77.64M | 82.28M | 90.29M | 168.84M | 110.15M | 6.71M |
| Total Liabilities | 277.09M | 266.71M | 242.68M | 350.55M | 357.60M | 58.18M |
| Common Stock | 148.83M | 146.17M | 139.08M | 138.01M | 136.12M | 129.53M |
| Retained Earnings | 56.69M | 26.21M | -16.01M | -180.49M | -156.45M | -137.94M |
| Comprehensive Income & Other | 7.57M | 6.68M | 8.27M | 8.70M | 11.05M | 11.15M |
| Shareholders' Equity | 213.09M | 179.06M | 131.35M | -33.78M | -9.28M | 2.74M |
| Total Liabilities & Equity | 490.18M | 445.77M | 374.02M | 316.77M | 348.32M | 60.91M |
| Total Debt | 45.20M | 52.85M | 20.22M | 19.77M | 22.85M | 12.34M |
| Net Cash (Debt) | 27.62M | 13.88M | 15.50M | -14.77M | -15.48M | -7.30M |
| Net Cash Per Share | 0.30 | 0.15 | 0.17 | -0.17 | -0.18 | -0.09 |
| Filing Date Shares Outstanding | 92.99M | 92.40M | 88.96M | 87.75M | 87.75M | 84.43M |
| Total Common Shares Outstanding | 92.99M | 91.96M | 88.96M | 87.75M | 86.62M | 82.56M |
| Working Capital | 86.12M | 63.69M | 46.30M | -49.17M | -80.02M | -19.82M |
| Book Value Per Share | 2.29 | 1.95 | 1.48 | -0.38 | -0.11 | 0.03 |
| Tangible Book Value | 197.62M | 163.59M | 115.88M | -49.24M | -23.20M | 2.74M |
| Tangible Book Value Per Share | 2.13 | 1.78 | 1.30 | -0.56 | -0.27 | 0.03 |
| Machinery | 141.96M | 135.47M | 115.81M | 111.10M | 123.36M | 33.86M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 42.27M | 42.22M | 164.48M | -11.01M | -18.51M | -11.56M |
| Depreciation & Amortization | 27.54M | 21.65M | 21.60M | 33.55M | 14.65M | 4.14M |
| Loss (Gain) From Sale of Assets | -14.65M | -911.00K | ||||
| Asset Writedown & Restructuring Costs | -2.02M | -2.02M | 15.04M | 4.54M | ||
| Loss (Gain) From Sale of Investments | 2.05M | 1.54M | -2.08M | |||
| Stock-Based Compensation | 1.68M | 2.04M | 105.00K | 229.00K | 1.26M | 3.36M |
| Other Operating Activities | 113.11M | 66.02M | -90.44M | 5.25M | 13.04M | 2.47M |
| Change in Accounts Receivable | -67.39M | 3.89M | -20.74M | 11.39M | -7.68M | -5.61M |
| Change in Inventory | -34.15M | -25.08M | 851.00K | -3.55M | 59.80M | 154.00K |
| Change in Accounts Payable | 7.46M | 10.16M | -7.92M | -15.29M | -5.86M | 10.00M |
| Change in Income Taxes | -25.01M | -21.88M | -3.97M | -5.66M | ||
| Change in Other Net Operating Assets | -11.84M | -17.91M | -9.54M | 12.22M | -33.40M | -1.43M |
| Operating Cash Flow | 64.09M | 79.11M | 54.43M | 29.59M | 29.37M | -1.47M |
| Capital Expenditures | -34.91M | -30.62M | -22.62M | -22.14M | -15.77M | -3.60M |
| Sale of Property, Plant & Equipment | 81.00K | 311.00K | 1.70M | 1.75M | 1.50M | |
| Cash Acquisitions | -22.50M | -40.00M | 11.67M | -20.00M | ||
| Investment in Securities | -4.69M | -22.13M | 280.00K | |||
| Other Investing Activities | -1.74M | 1.00M | ||||
| Investing Cash Flow | -62.02M | -92.44M | -20.92M | -23.60M | -2.34M | -21.10M |
| Long-Term Debt Issued | 72.96M | 59.22M | 32.06M | 32.57M | 17.90M | |
| Total Debt Issued | 83.87M | 72.96M | 59.22M | 32.06M | 32.57M | 17.90M |
| Long-Term Debt Repaid | -54.94M | -62.41M | -38.93M | -59.76M | -7.73M | |
| Lease Payments | -2.64M | -3.37M | -2.95M | -1.06M | -576.00K | -165.00K |
| Total Debt Repaid | -80.38M | -54.94M | -62.41M | -38.93M | -59.76M | -7.73M |
| Net Debt Issued (Repaid) | 3.49M | 18.02M | -3.19M | -6.87M | -27.19M | 10.17M |
| Issuance of Common Stock | 4.82M | 3.72M | 641.00K | 1.21M | 3.85M | 13.30M |
| Other Financing Activities | -572.00K | |||||
| Financing Cash Flow | 8.31M | 21.74M | -2.55M | -5.66M | -23.34M | 22.90M |
| Foreign Exchange Rate Adjustments | 15.00K | 138.00K | -190.00K | 2.00K | -6.00K | 178.00K |
| Miscellaneous Cash Flow Adjustments | -15.00K | |||||
| Net Cash Flow | 10.40M | 8.55M | 30.77M | 338.00K | 3.67M | 508.00K |
| Free Cash Flow | 29.18M | 48.49M | 31.81M | 7.46M | 13.60M | -5.07M |
| Free Cash Flow Margin | 6.89% | 14.86% | 11.24% | 2.97% | 4.88% | -9.51% |
| Free Cash Flow Per Share | 0.32 | 0.53 | 0.36 | 0.09 | 0.16 | -0.07 |
| Levered Free Cash Flow | 31.58M | 15.53M | -47.14M | -28.17M | 47.32M | 146.50K |
| Unlevered Free Cash Flow | 34.03M | 17.24M | -45.75M | -26.44M | 49.98M | 2.20M |
| Free Cash Flow After Leases | 26.54M | 45.12M | 28.87M | 6.39M | 13.02M | -5.24M |
| Cash Interest Paid | 3.05M | 1.03M | 1.38M | 1.28M | 1.52M | 976.00K |
| Cash Income Tax Paid | 53.39M | 33.09M | 23.36M | 6.13M | 5.08M | |
| Change in Working Capital | -118.50M | -50.81M | -41.32M | -879.00K | 12.85M | 3.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 661.42M | 887.35M | 68.01M | 65.12M | 103.68M | 80.89M |
| Enterprise Value | 633.31M | 865.54M | 68.25M | 79.97M | 118.84M | 88.68M |
| Last Close Price | 6.77 | 9.66 | 0.78 | 0.74 | 1.20 | 0.96 |
| PE Ratio | 15.60 | 21.02 | 0.41 | |||
| PS Ratio | 1.48 | 2.72 | 0.24 | 0.26 | 0.37 | 1.52 |
| PB Ratio | 2.94 | 4.96 | 0.52 | -1.93 | -11.17 | 29.55 |
| P/TBV Ratio | 3.17 | 5.42 | 0.59 | 29.55 | ||
| P/FCF Ratio | 21.49 | 18.30 | 2.14 | 8.73 | 7.62 | |
| P/OCF Ratio | 9.79 | 11.22 | 1.25 | 2.20 | 3.53 | |
| EV/Sales Ratio | 1.41 | 2.65 | 0.24 | 0.32 | 0.43 | 1.66 |
| EV/EBITDA Ratio | 4.16 | 8.48 | 1.32 | 3.35 | 8.94 | |
| EV/EBIT Ratio | 5.13 | 10.70 | 2.21 | |||
| EV/FCF Ratio | 20.53 | 17.85 | 2.15 | 10.73 | 8.74 | |
| Debt / Equity Ratio | 0.21 | 0.29 | 0.15 | -0.58 | -2.46 | 4.51 |
| Debt / EBITDA Ratio | 0.31 | 0.52 | 0.38 | 0.81 | 1.70 | |
| Debt / FCF Ratio | 1.55 | 1.09 | 0.64 | 2.65 | 1.68 | |
| Net Debt / Equity Ratio | -0.13 | -0.08 | -0.12 | -0.44 | -1.67 | 2.67 |
| Net Debt / EBITDA Ratio | -0.19 | -0.14 | -0.30 | 0.62 | 1.16 | -1.84 |
| Net Debt / FCF Ratio | -0.95 | -0.29 | -0.49 | 1.98 | 1.14 | -1.44 |
| Asset Turnover | 0.98 | 0.80 | 0.82 | 0.76 | 1.36 | 1.14 |
| Inventory Turnover | 4.58 | 4.43 | 6.27 | 6.36 | 15.69 | 30.17 |
| Quick Ratio | 0.98 | 0.95 | 1.06 | 0.45 | 0.47 | 0.44 |
| Current Ratio | 1.51 | 1.41 | 1.36 | 0.69 | 0.65 | 0.53 |
| Return on Equity (ROE) | 22.48% | 27.20% | 337.16% | |||
| Return on Assets (ROA) | 16.98% | 12.33% | 5.59% | -1.75% | -0.36% | -10.80% |
| Return on Invested Capital (ROIC) | 23.76% | 31.88% | 19.41% | -6.64% | -1.77% | -411.64% |
| Return on Capital Employed (ROCE) | 36.50% | 28.00% | 12.50% | -5.90% | -1.00% | -42.60% |
| Earnings Yield | 6.41% | 4.76% | 241.84% | -16.91% | -17.85% | -14.30% |
| FCF Yield | 4.65% | 5.46% | 46.77% | 11.45% | 13.12% | -6.27% |
| Buyback Yield / Dilution | -0.69% | -3.52% | -1.12% | -3.89% | -10.09% | -39.27% |