Buenaventura disclosed its fourth‑quarter and full‑year 2025 results, delivering a record $1.7316 billion in revenue, a 50% increase from the previous year, and a 94% rise in net income to $782.1 million.
Revenue growth was driven by a 108% jump in Q4 revenue to $623.4 million, the largest quarterly increase on record, fueled by higher gold, silver, and copper prices. The company also benefited from disciplined cost management, which helped offset the impact of higher input costs.
Operating income climbed to $633.2 million, a 42% year‑over‑year gain, while EBITDA from direct operations surged to $811.9 million, an 88% increase. The expansion of operating margins reflects both the favorable commodity mix and effective spending controls, allowing the company to convert a larger share of revenue into profit.
Net income rose to $782.1 million, a 94% increase, and earnings per share reached $3.08, up 94% from $1.59 in 2024. The EPS beat was largely attributable to the combination of higher commodity prices, improved operating leverage, and the absence of significant one‑time charges.
Management guided for 2026 production levels that exceed prior expectations and proposed a dividend of $0.9904 per share, signaling confidence in cash generation and a commitment to returning value to shareholders.
The company also highlighted progress on the San Gabriel processing plant, which is slated to enter commercial production in Q1 2026, positioning Buenaventura for continued growth in its core mining operations.
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