Quarterly ResultJul 29, 2026, 06:07 AM
Grupo Simec H1 Net Income Soars 662% to Ps. 2,317M
AI Summary
Grupo Simec reported a substantial increase in net income for the first six months of 2026, soaring 662% to Ps. 2,317 million, primarily due to a significant reduction in net exchange loss. Net sales for the period grew 9% to Ps. 16,186 million, driven by a 16% increase in finished steel product shipments. For the second quarter of 2026, the company turned a profit of Ps. 611 million, a strong recovery from a Ps. 1,000 million net loss in the same period last year, with Q2 net sales up 16% year-over-year.
Key Highlights
- H1 2026 Net Income Ps. 2,317 million, a 662% increase from H1 2025.
- H1 2026 Net Sales increased 9% to Ps. 16,186 million.
- H1 2026 finished steel product shipments rose 16% to 1,046 thousand tons.
- Q2 2026 Net Income was Ps. 611 million, compared to a Ps. 1,000 million loss in Q2 2025.
- Q2 2026 Net Sales increased 16% to Ps. 8,154 million compared to Q2 2025.
- Q2 2026 finished steel product shipments increased 21% to 516 thousand tons YoY.
- H1 2026 EBITDA grew 6% to Ps. 3,354 million.
- Net exchange loss significantly reduced from Ps. 2,332 million in H1 2025 to Ps. 365 million in H1 2026.
Price Impact
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