A surge in precious metal values propelled Apex Mining Co. to a remarkable financial year, culminating in a 77% leap in net income to P7.66 billion. The company’s 2025 performance dramatically exceeded the previous year’s P4.32 billion, signaling a period of significant growth and profitability.
Revenue followed suit, climbing 41% to reach P21.34 billion, a substantial increase from the P15.1 billion recorded in 2024. This impressive growth wasn’t simply about selling more; it was about capitalizing on a favorable market.
Despite a slight 4% dip in gold sales volume – totaling 100,425 ounces – the company expertly navigated the changing landscape. A staggering 45% increase in the average realized gold price, soaring to $3,531 per ounce from $2,436, more than compensated for the reduced quantity sold.
Silver also shone brightly for Apex Mining. Sales volume experienced a healthy 4% increase, reaching 365,007 ounces, up from 350,151 ounces the prior year. The average price realized for silver mirrored gold’s success, jumping 50% to $43.04 per ounce, a significant rise from $28.63.
The company’s strengthened financial position allowed for a generous increase in shareholder returns. Apex Mining doubled its cash dividend payout rate to 20% of consolidated net income, a clear demonstration of its commitment to those who invested in its success.
Luis R. Sarmiento, President and Chief Executive Officer, emphasized a long-term strategy focused on stability and reinvestment. Years of diligent work strengthening the balance sheet and strategically allocating earnings to mining operations, exploration, and equipment upgrades have clearly paid off.
Despite ongoing global economic uncertainties, Apex Mining remains steadfast in its expansion plans. The company is prioritizing prudent financial management, carefully protecting and bolstering its cash flow to ensure continued progress.
Investor confidence in Apex Mining’s future was evident in Tuesday’s trading, with shares rising 2.7% to close at P15.20. This positive market reaction underscores the company’s strong performance and promising outlook.
