Silver X Mining (AGX) Q2 2025 earnings summary

Executive summary

• Achieved sustained pre-tax profitability for the six months ended June 30, 2025, with significant improvements in operating income and reduced net losses year-over-year.

• CEO highlights steady operational progress and anticipates accelerated growth with additional capital and ongoing development activities.

Financial highlights

• Operating income for 1H25 increased nearly 200% year-over-year; 2Q25 operating income rose 55% to $847k compared to 2Q24.

• Pre-tax income for 1H25 was $166k, up from a $539k loss in 1H24; 2Q25 pre-tax profit was $145k, down 62% from 2Q24.

• Net loss for 1H25 decreased by 71% to $410k; 2Q25 net loss reduced by 52% to $79k compared to 2Q24.

• EBITDA remained positive but declined 74% in 2Q25 and 59.5% in 1H25 year-over-year.

• Operating revenue (net) for 2Q25 was $5.4M, down 14% from 2Q24, mainly due to a 24% decrease in AgEq metal sold.

Outlook and guidance

• Management expects continued operational improvements and meaningful gains in upcoming quarters as development and drilling advance.

• A modest capital infusion is anticipated to unlock further growth potential.