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Grupo Simec SAB de CV, Industrias CH SAB de CV

GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2025.

GUADALAJARA, Mexico , April 30, 2026 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2025 Audited.

Twelve-Month Period Ended December 31, 2025 compared to Twelve-Month Period Ended December 31, 2024, Audited.

Net Sales
Net sales decreased 10% because of the combination of 6% less shipments of finished steel products and a 4% lower average sales prices compared to the same period of 2024, the sales decreased from Ps. 33,658 million in the twelve-month period ended December 31, 2024 to Ps. 30,291 million in the same period of 2025. Shipments of finished steel products decreased to 1 million 933 thousand tons in the twelve-month period ended December 31, 2025 compared to 2 million 56 thousand tons in the same period of 2024. Total sales outside of Mexico on the twelve-month period ended December 31, 2025 decreased 14% to Ps. 13,234 million compared with Ps. 15,388 million in the same period of 2024. Total sales in Mexico decreased 7% from Ps. 18,270 million in the twelve-month period ended December 31, 2024 to Ps. 17,057 million in the same period of 2025.

Cost of Sales
Cost of sales decreased 12% from Ps. 26,033 million in the twelve-month period ended December 31, 2024 to Ps. 22,783 million in the same period of 2025. Cost of sales as a percentage of net sales represented 75% and 77%, respectively, for the periods 2025 and 2024. The average cost of finished steel produced in the twelve-month period ended December 31, 2025 compared to the same period of 2024 decreased 7% mainly due to lower scrap costs.

Gross Profit
Gross profit of the Company in the twelve-month period ended December 31, 2025 was of Ps. 7,508 million compared to Ps. 7,625 million in the same period of 2024. Gross profit as a percentage of net sales represented 25% and 23% respectively, for the periods 2025 and 2024.

Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 9% from Ps. 2,603 million in the twelve-month period ended December 31, 2024 to Ps. 2,829 million in the same period of 2025. Selling, general and administrative expenses as a percentage of net sales represented 8% during the twelve-month period ended December 31, 2024 and 9% in the same period of 2025.

Other Expenses (Income) net 
The company recorded other net income of Ps. 279 million in the twelve-month period ended December 31, 2024 compared to other net income of Ps. 526 million in the same period of 2025.

Operating Profit
Operating income decreased 2% from Ps. 5,301 million for the twelve-month period ended December 31, 2024 to Ps. 5,205 million in the same period of 2025. Operating profit as a percentage of net sales represented 17% and 16% for the 2025 and 2024 periods respectively.

EBITDA
The EBITDA of the Company decreased 1% from Ps. 6,367 million in the twelve-month prior ended December 31, of 2024, (result of net income of Ps. 10,488, less minority stake of Ps. 7 million, plus income taxes of Ps. 2,060 million, less comprehensive financial income of Ps. 7,240 million, plus depreciation of Ps. 1,066 million), to an EBITDA of Ps. 6,287 million in the same period of 2025 (result of net income of Ps. 1,496 less minority stake of Ps. 1 million, plus income taxes of Ps. 1,212 million, plus comprehensive financial cost of Ps. 2,498 million, plus depreciation of 1,082 million).

Consolidated



Million


Twelve-month period ended December 31,



2025



2024

Net income (loss) controlling interest



1,496




10,488

Income (loss) attributable to noncontrolling interests



(1)




(7)

Net income (loss)



1,495




10,481

Depreciation and amortization



1,082




1,066

Income taxes



1,212




2,060

Financial results (income) loss



2,498




(7,240)

EBITDA



6,287




6,367









Comprehensive Financial Income (Cost)
Comprehensive financial cost in the twelve-month period ended December 31, 2025 represented a net expense of Ps. 2,498 million compared with a net income of Ps. 7,240 million in the same period of 2024. The net interest was an income of Ps. 1,060 million in 2025 compared with a net interest income of Ps. 1,616 million in the twelve-month period ended December 31, 2024. We registered a net exchange loss of Ps. 3,607 million in the twelve-month period ended December 31, 2025 compared with an exchange net profit of Ps. 5,556 million in the same period of 2024, net other financial income was recorded for Ps. 49 million for the period 2025 compared to the Ps. 68 million of other financial income for the period 2024.

Income Taxes
The Company recorded an expense net tax of Ps. 1,212 million in the twelve-month period ended December 31, 2025 (including the income of deferred tax of Ps. 53 million) compared with a net expense tax of Ps. 2,060 million in the same period of 2024 (including the income of deferred tax of Ps. 293 million).

Net Income (loss)
As a result of the foregoing, net income decreased by 86% from Ps. 10,488 million in the twelve-month period ended December 31, 2024 to Ps. 1,496 million in the same period of 2025. mainly because the net exchange profit of Ps. 5,556 million recorded in the twelve-month period ended December 31, 2024 became a net exchange loss of Ps. 3,607 million in the twelve-month period ended December 31, 2025.

Liquidity and Capital Resources
As of December 31, 2025, Simec's total consolidated debt consisted of U.S.$302,000 of 8 7/8% medium-term notes ("MTN's") due 1998, Ps. 5.4 million (accrued interest on December 31, 2025 was U.S.$870,134 or Ps. 15.6 million).  As of December 31, 2024, Simec's total consolidated debt consisted of U.S.$302,000 of 8 7/8% medium-term notes ("MTN's") due 1998, Ps. 6.2 million (accrued interest on December 31, 2024 was U.S.$841,577, or Ps. 17.3 million).

Comparative fourth quarter 2025 vs third quarter 2025

Net Sales 
Net sales increased from Ps. 7,485 million in the third quarter of 2025 to Ps. 7,972 million for the fourth quarter of 2025. Sales in tons increased 7% from 499 thousand ton in the third quarter of 2025 to 532 thousand tons in the fourth quarter of the same year. Total sales outside of Mexico for the fourth quarter of 2025 increased 10% from Ps. 3,178 million in the third quarter to Ps. 3,484 million in the four quarter of 2025. Sales in Mexico increased 4% to Ps. 4,488 million in the fourth quarter of 2025 compared Ps. 4,307 million in the third quarter of 2025. Prices of finished products sold in the fourth quarter of 2025 remained similar compared with the third quarter of the same period.

Cost of Sales
Cost of sales increased to Ps. 5,890 million in the fourth quarter of 2025 compared to Ps. 5,726 million for the third quarter of 2025. With respect to sales, in the fourth quarter of 2025, the cost of sales represented 74%, compared to 77% in the third quarter of the same period. The average cost of sales by ton decreased by 4% in the fourth quarter of 2025 versus the third quarter of 2025.

Gross Profit
Gross profit of the Company for the fourth quarter of 2025 increased 18% to Ps. 2,082 million compared to Ps. 1,759 million in the third quarter of 2025. The gross profit as a percentage of net sales for the third and fourth quarter of 2025 was of 23% and 26% respectively.

Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 9% to Ps. 794 million in the fourth quarter of 2025 compared to Ps. 728 million for the third quarter of 2025. Selling, general and administrative expenses as a percentage of net sales represented 10% for both periods of 2025.

Other Expenses (Income) net 
The company recorded other net income of Ps. 134 million in the fourth quarter of 2025 compared to other net income of Ps. 128 million for the third quarter of 2025.

Operating Profit
Operating income was of Ps. 1,422 million in the fourth quarter of 2025 compared to an operating profit of Ps. 1,159 million in the third quarter of 2025. The operating profit as a percentage of net sales represented 18% and 15% for the fourth quarter and third quarter of 2025 respectively.

EBITDA
The EBITDA was Ps. 1,428 million in the third quarter of 2025 (result of net income of Ps. 459 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 317 million, plus comprehensive financial cost of Ps. 384 million, plus depreciation of Ps. 269 million), compared to an EBITDA of Ps. 1,694 million for the fourth quarter of 2025, (result of net income of Ps. 733 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 419 million, plus comprehensive financial cost of Ps. 269 million, plus depreciation of Ps. 272 million).           

Consolidated



Million


Fourth quarter 2025 vs Third quarter 2025



4Q 2025



3Q 2025

Net income (loss) controlling interest



733




459

Income (loss) attributable to noncontrolling interests



1




(1)

Net income (loss)



734




458

Depreciation and

Amortization



272




269

Income taxes



419




317

Financial results (income) loss



269




384

EBITDA



1,694




1,428

Comprehensive Financial Income (Cost)
Comprehensive financial cost for the fourth quarter for 2025 was a net expense of Ps. 269 million compared with a net expense of Ps. 384 million for the third quarter of 2025. The net interest income for the fourth quarter was Ps. 238 million compared with a net interest income of Ps. 334 million in the third quarter of 2025. At the same time, we registered an exchange net loss of Ps. 718 million in the third quarter of 2025 compared with an exchange net loss of Ps. 556 million in the fourth quarter of 2025. Net other financial income was recorded for Ps. 49 million in the fourth quarter of 2025.

Income Taxes
Income Taxes for the third quarter of 2025 was a net expense of Ps. 317 million (including an income of deferred tax for Ps. 22 million) compared to an expense of Ps. 419 million for the fourth quarter of 2025, (including the income of deferred tax of Ps. 123 million).

Net Income (loss) 
As a result of the foregoing, the Company recorded a net income of Ps. 733 million in the fourth quarter of 2025 compared to Ps. 459 million of net income in the third quarter of 2025.

Comparative fourth quarter 2025 vs fourth quarter 2024

Net Sales
Net sales decreased 10% from Ps. 8,830 million for the fourth quarter of 2024 to Ps. 7,972 million for the fourth quarter of 2025. Sales in tons of finished steel in the fourth quarter of 2024 were 520 thousand tons versus to 532 thousand tons in the fourth quarter of 2025. Total sales outside of Mexico decreased 21% from Ps. 4,410 million for the fourth quarter of 2024 to Ps. 3,484 million in the fourth quarter of 2025. Sales in Mexico increased 2% from Ps. 4,420 million in the fourth quarter of 2024 to Ps. 4,488 million in the fourth quarter of 2025. The average sales prices of finished products sold in the fourth quarter of 2025 decreased 12%, compared to the same period of 2024.

Cost of Sales
Cost of sales decreased 20% from Ps. 7,408 million in the fourth quarter of 2024 to Ps. 5,890 million for the fourth quarter of 2025. With respect to sales, the cost of sales represented 74% during the fourth quarter of 2025 and 84% during the fourth quarter of 2024. The average cost of steel products decreased 22% in the fourth quarter of 2025 versus the fourth quarter of 2024.

Gross Profit
Gross profit for the fourth quarter of 2025 increased 46% from Ps. 1,422 million in the fourth quarter of 2024 to Ps. 2,082 million in the fourth quarter of 2025. The gross profit as a percentage of net sales represented 16% in the fourth quarter of 2024 compared to 26% in the fourth quarter of 2025.

Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 3% from Ps. 768 million in the fourth quarter of 2024 to Ps. 794 million in the fourth quarter of 2025. Selling, general and administrative expenses as a percentage of net sales for the fourth quarter of 2024 was of 9% compared to 10% in the fourth quarter 2025.

Other Expenses (Income) net 
The company recorded other income net of Ps. 207 million in the fourth quarter of 2024 compared with other income net of Ps. 134 million in the fourth quarter of 2025.

Operating Profit
Operating income was of Ps. 1,422 million in the fourth quarter of 2025 compared to an operating profit of Ps. 861 million in the fourth quarter of 2024. The operating profit as a percentage of net sales in the fourth quarter of 2025 was 18%, compared to 10% in the fourth quarter of 2024.

EBITDA
The EBITDA was Ps. 1,178 million in the fourth quarter of 2024 (result of net income of Ps. 1,901 million, less minority stake of Ps. 5 million, plus income taxes of Ps. 1,298 million, less comprehensive financial income of Ps. 2,333 million, plus depreciation of Ps. 317 million), compared to an EBITDA of Ps 1,694 million in the fourth quarter of 2025 (result of net income of Ps. 733 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 419 million, plus comprehensive financial cost of Ps. 269 million, plus depreciation of Ps. 272 million).

Consolidated



Million


Fourth quarter 2025 vs Fourth quarter 2024



4Q 2025



4Q 2024

Net income (loss) controlling interest



733




1,901

Income (loss) attributable to noncontrolling interests



1




(5)

Net income (loss)



734




1,896

Depreciation and

Amortization



272




317

Income taxes



419




1,298

Financial results (income) loss



269




(2,333)

EBITDA



1,694




1,178









Comprehensive Financial Income (Cost)
Comprehensive financial cost for the fourth quarter of 2025 was a net expense of Ps. 269 million compared with a net income of Ps 2,333 million in the fourth quarter of 2024. Net interest income was of Ps. 238 million in the fourth quarter of 2025 compared with a net interest income of Ps. 550 million in the fourth quarter of 2024. At the same time, we registered a net exchange loss of Ps. 556 million in the fourth quarter of 2025 compared with an exchange profit of Ps. 1,757 million in the fourth quarter of 2024. Net other financial income was recorded for Ps. 49 million in the fourth quarter of 2025, compared to the Ps. 26 million for the same period of 2024.

Income Taxes
The Company recorded a net taxes expense for the fourth quarter of 2025 of Ps. 419 million (including an income of deferred tax of Ps. 123 million), compared to a net tax expense of Ps. 1,298 million for the fourth quarter of 2024, (including a tax deferred income of Ps. 205 million).

Net Income (loss)
As a result of the foregoing, the Company recorded a net profit of Ps. 733 million in the fourth quarter of 2025 compared to Ps. 1,901 million of net profit in the fourth quarter of 2024; mainly explained because the net exchange profit of Ps. 1,757 million recorded in the fourth quarter of 2024 became a net exchange loss of Ps. 556 million in the fourth quarter of 2025.

    Twelve-Month






(million of pesos)

Jan - Dec '25


Jan - Dec '24


Year 25 vs
 '24

Sales

30,291


33,658


(10 %)

Cost of Sales

22,783


26,033


(12 %)

Gross Profit

7,508


7,625


(2 %)

Selling, General and Administrative Expense

2,829


2,603


9 %

Other Income (Expenses), net

526


279


89 %

Operating Profit

5,205


5,301


(2 %)

EBITDA

6,287


6,367


(1 %)

Net income Controlling interest

1,496


10,488


(86 %)

Sales Outside Mexico

13,234


15,388


(14 %)

Sales in Mexico

17,057


18,270


(7 %)

Total Sales (Tons Thousands)

1,933


2,056


(6 %)

Cost per ton (Pesos)

11,786


12,662


(7 %)









 

Quarter






(million of pesos)

4Q'25

3Q '25

4Q '24

4Q´25vs
3Q´25

4Q´25 vs
4Q '24

Sales

7,972

7,485

8,830

7 %

(10 %)

Cost of Sales

5,890

5,726

7,408

3 %

(20 %)

Gross Profit

2,082

1,759

1,422

18 %

46 %

Selling, General and Adm. Expenses

794

728

768

9 %

3 %

Other Income (Expenses), net

134

128

207

5 %

(35 %)

Operating Profit

1,422

1,159

861

23 %

65 %

EBITDA

1,694

1,428

1,178

19 %

44 %

Net Income Controlling interest

733

459

1,901

60 %

(61 %)

Sales Outside Mexico

3,484

3,178

4,410

10 %

(21 %)

Sales in Mexico

4,488

4,307

4,420

4 %

2 %

Total Sales (Tons Thousands)

532

499

520

7 %

2 %

Cost per Ton (pesos)

11,071

11,475

14,246

(4 %)

(22 %)

 

Product

Thousands of Tons

Jan-Dec

2025

Millions of Pesos

Jan-Dec

2025

Average Price per Ton

Jan-Dec

2025

Thousands of Tons

Jan – Dec

2024

Millions of Pesos

Jan- Dec

2024

Average Price per Ton

 Jan-Dec

2024

Special Bar Quality SBQ

500

10,041

20,082

520

10,133

19,487

Commercial Long Steel

1,433

20,250

14,131

1,536

23,525

15,316

Total

1,933

30,291

15,670

2,056

33,658

16,371

 

Product

Thousands of Tons

Oct-Dec

2025

Millions of Pesos

Oct-Dec

2025

Average Price per Ton

Oct-Dec

2025

Thousands of Tons

Jul-Sep

2025

Millions of Pesos

Jul-Sep

2025

Average Price per Ton

Jul-Sep

2025

Thousands of Tons

Oct-Dec

2024

Millions of Pesos

Oct-Dec

2024

Average Price per Ton

Oct-Dec

2024

Special Bar Quality SBQ

122

2,317

18,992

118

2,392

20,271

117

2,480

21,197

Commercial Long Steel

410

5,655

13,793

381

5,093

13,367

403

6,350

15,757

Total

532

7,972

14,985

499

7,485

15,000

520

8,830

16,981

Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information contained herein.

Contact: 
José Luis Tinajero
Mario Moreno Cortez
Grupo Simec, S.A.B. de C.V.
Calzada Lázaro Cárdenas 601
44440 Guadalajara, Jalisco, México
52 55 1165 1028
52 33 3770 6734

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SOURCE Grupo Simec, S.A.B. de C.V.