GRUPO SIMEC, S.A.B. de C.V.

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.

Grupo Simec announced it was unable to timely file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025. This delay stems from ongoing additional procedures and analyses related to disclosure, internal process controls, and financial statement finalization. As a result, the company is currently not in compliance with SEC reporting requirements and NYSE listing standards. Grupo Simec is actively communicating with the NYSE and diligently working to expedite the filing.

GRUPO SIMEC announced it will not be able to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, within the extended deadline provided by Rule 12b-25. The delay is attributed to the finalization of administrative steps required for submission. The company expects to file the Form 20-F in the near term and directed stakeholders to previously filed Form 6-K reports for 2025 and Q1 2026 results.