GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER, OF 2025, ENDED MARCH 31, 2025
Grupo Simec reported its Q1 2025 financial results, showing mixed performance. Net sales decreased to Ps. 7,783 million, down from Ps. 7,885 million in Q1 2024, primarily due to lower sales prices and reduced shipments. Steel shipments declined 1% to 476 thousand tons.
The company's Mexican sales increased 3% to Ps. 4,314 million, while international sales decreased 6% to Ps. 3,469 million. Despite lower revenues, gross profit margin improved slightly to 26% from 25%. EBITDA increased to Ps. 1,692 million in Q1 2025 from Ps. 1,668 million in Q1 2024.
Net income decreased to Ps. 1,305 million from Ps. 1,456 million year-over-year. The company maintained strong operational efficiency with cost of sales representing 74% of net sales, an improvement from 75% in the previous year. Operating income remained stable at 18% of net sales.
Grupo Simec ha riportato i risultati finanziari del primo trimestre 2025, mostrando una performance mista. Le vendite nette sono diminuite a Ps. 7.783 milioni, rispetto a Ps. 7.885 milioni nel primo trimestre 2024, principalmente a causa di prezzi di vendita pi霉 bassi e ridotte spedizioni. Le spedizioni di acciaio sono calate dell'1% a 476 mila tonnellate.
Le vendite in Messico sono aumentate del 3% raggiungendo Ps. 4.314 milioni, mentre le vendite internazionali sono diminuite del 6% a Ps. 3.469 milioni. Nonostante i ricavi inferiori, il margine lordo 猫 leggermente migliorato, passando dal 25% al 26%. L'EBITDA 猫 cresciuto a Ps. 1.692 milioni nel primo trimestre 2025, rispetto a Ps. 1.668 milioni nello stesso periodo del 2024.
L'utile netto 猫 sceso a Ps. 1.305 milioni da Ps. 1.456 milioni anno su anno. L'azienda ha mantenuto un'elevata efficienza operativa, con il costo delle vendite che rappresenta il 74% delle vendite nette, un miglioramento rispetto al 75% dell'anno precedente. Il reddito operativo 猫 rimasto stabile al 18% delle vendite nette.
Grupo Simec present贸 sus resultados financieros del primer trimestre de 2025, mostrando un desempe帽o mixto. Las ventas netas disminuyeron a Ps. 7,783 millones, desde Ps. 7,885 millones en el primer trimestre de 2024, principalmente debido a precios de venta m谩s bajos y menores env铆os. Los env铆os de acero bajaron un 1% a 476 mil toneladas.
Las ventas en M茅xico aumentaron un 3% a Ps. 4,314 millones, mientras que las ventas internacionales disminuyeron un 6% a Ps. 3,469 millones. A pesar de los ingresos menores, el margen bruto mejor贸 ligeramente del 25% al 26%. El EBITDA aument贸 a Ps. 1,692 millones en el primer trimestre de 2025 desde Ps. 1,668 millones en el mismo periodo de 2024.
La utilidad neta disminuy贸 a Ps. 1,305 millones desde Ps. 1,456 millones a帽o con a帽o. La compa帽铆a mantuvo una fuerte eficiencia operativa, con el costo de ventas representando el 74% de las ventas netas, mejorando respecto al 75% del a帽o anterior. El ingreso operativo se mantuvo estable en el 18% de las ventas netas.
Grupo Simec電� 2025雲� 1攵勱赴 鞛 鞁れ爜鞚� 氚滍憸頃橂┌ 順检灛霅� 靹标臣毳� 氤挫榾鞀惦媹雼�. 靾滊Г於滌潃 2024雲� 1攵勱赴 Ps. 7,885氚彪鞐愳劀 Ps. 7,783氚彪鞙茧 臧愳唽頄堨溂氅�, 鞚措姅 欤茧 韺愲Г 臧�瓴� 頃橂澖瓿� 於滍晿霟� 臧愳唽 霑岆鞛呺媹雼�. 觳犼皶 於滍晿霟夓潃 1% 臧愳唽頃� 476觳� 韱れ潉 旮半頄堨姷雼堧嫟.
须岇偓鞚� 氅曥嫓旖� 韺愲Г電� 3% 歃濌皜頃橃棳 Ps. 4,314氚彪鞚� 旮半頃� 氚橂┐, 甑牅 韺愲Г電� 6% 臧愳唽頃橃棳 Ps. 3,469氚彪鞐� 攴胳长鞀惦媹雼�. 毵れ稖鞚� 欷勳棃鞚岇棎霃� 攵堦惮頃橁碃, 齑濎澊鞚惦鞚� 25%鞐愳劀 26%搿� 靻岉彮 臧滌劆霅橃棃鞀惦媹雼�. EBITDA電� 2024雲� 1攵勱赴 Ps. 1,668氚彪鞐愳劀 2025雲� 1攵勱赴 Ps. 1,692氚彪鞙茧 歃濌皜頄堨姷雼堧嫟.
靾滌澊鞚奠潃 鞝勲厔 霃欔赴 雽�牍� Ps. 1,456氚彪鞐愳劀 Ps. 1,305氚彪鞙茧 臧愳唽頄堨姷雼堧嫟. 須岇偓電� 毵れ稖鞗愱皜臧� 靾滊Г於滌潣 74%毳� 彀頃橂┌, 鞝勲厔霃勳潣 75% 雽�牍� 臧滌劆霅橃柎 臧曤牓頃� 鞖挫榿 須湪靹膘潉 鞙犾頄堨姷雼堧嫟. 鞓侅梾鞚挫澋毳犾潃 靾滊Г於滌潣 18%搿� 鞎堨爼鞝侅溂搿� 鞙犾霅橃棃鞀惦媹雼�.
Grupo Simec a publi茅 ses r茅sultats financiers du premier trimestre 2025, montrant une performance mitig茅e. Le chiffre d'affaires net a diminu茅 脿 7 783 millions de Ps, contre 7 885 millions de Ps au premier trimestre 2024, principalement en raison de prix de vente plus bas et de livraisons r茅duites. Les exp茅ditions d'acier ont baiss茅 de 1 % 脿 476 000 tonnes.
Les ventes au Mexique ont augment茅 de 3 % pour atteindre 4 314 millions de Ps, tandis que les ventes internationales ont diminu茅 de 6 % 脿 3 469 millions de Ps. Malgr茅 des revenus en baisse, la marge brute s'est l茅g猫rement am茅lior茅e, passant de 25 % 脿 26 %. L'EBITDA a augment茅 脿 1 692 millions de Ps au premier trimestre 2025, contre 1 668 millions de Ps au premier trimestre 2024.
Le b茅n茅fice net a diminu茅 脿 1 305 millions de Ps, contre 1 456 millions de Ps d'une ann茅e sur l'autre. L'entreprise a maintenu une forte efficacit茅 op茅rationnelle, le co没t des ventes repr茅sentant 74 % du chiffre d'affaires net, contre 75 % l'ann茅e pr茅c茅dente. Le r茅sultat d'exploitation est rest茅 stable 脿 18 % du chiffre d'affaires net.
Grupo Simec meldete seine Finanzergebnisse f眉r das erste Quartal 2025 mit gemischter Performance. Der Nettoumsatz sank auf Ps. 7.783 Millionen, gegen眉ber Ps. 7.885 Millionen im ersten Quartal 2024, haupts盲chlich aufgrund niedrigerer Verkaufspreise und geringerer Liefermengen. Die Stahllieferungen gingen um 1 % auf 476.000 Tonnen zur眉ck.
Die Verk盲ufe in Mexiko stiegen um 3 % auf Ps. 4.314 Millionen, w盲hrend die internationalen Verk盲ufe um 6 % auf Ps. 3.469 Millionen zur眉ckgingen. Trotz geringerer Ums盲tze verbesserte sich die Bruttogewinnmarge leicht von 25 % auf 26 %. Das EBITDA stieg im ersten Quartal 2025 auf Ps. 1.692 Millionen, nach Ps. 1.668 Millionen im ersten Quartal 2024.
Der Nettogewinn sank von Ps. 1.456 Millionen auf Ps. 1.305 Millionen im Jahresvergleich. Das Unternehmen behielt eine starke operative Effizienz bei, wobei die Kosten der verkauften Waren 74 % des Nettoumsatzes ausmachten, eine Verbesserung gegen眉ber 75 % im Vorjahr. Das Betriebsergebnis blieb stabil bei 18 % des Nettoumsatzes.
- Operating income margin remained stable at 18% year-over-year
- EBITDA increased slightly to Ps. 1,692M in Q1 2025 from Ps. 1,668M in Q1 2024
- Mexican sales grew 3% to Ps. 4,314M in Q1 2025
- Cost of sales as percentage of revenue improved to 74% from 75% year-over-year
- Operating income increased 66% quarter-over-quarter to Ps. 1,426M
- Net sales decreased to Ps. 7,783M from Ps. 7,885M year-over-year
- Steel shipments declined 1% to 476k tons from 479k tons year-over-year
- International sales dropped 6% to Ps. 3,469M year-over-year
- General, selling and administrative expenses increased 6% year-over-year
- Net income decreased 10% to Ps. 1,305M from Ps. 1,456M year-over-year
- Total sales volume decreased 8% quarter-over-quarter from 520k tons
Insights
Grupo Simec showed mixed Q1 2025 results: flat YoY performance but significant QoQ margin expansion despite volume drops; operational improvements offset by weakening product mix.
Grupo Simec's Q1 2025 financial results present contrasting narratives between year-over-year stability and substantial sequential improvements in profitability metrics. Revenue declined marginally by
The most impressive aspect is the dramatic sequential profitability improvement despite volume declines. While sales dropped
This margin expansion translated to substantial improvements in key operating metrics:
- Operating income jumped
66% quarter-over-quarter to1,426 million pesos - EBITDA increased
44% to1,692 million pesos
However, net income declined
The product mix shows a concerning shift away from higher-margin products. Special Bar Quality (SBQ) shipments decreased
Geographic distribution reveals domestic resilience with Mexican sales increasing
Comparative first quarter of 2025 vs. first quarter of 2024
Net Sales
The net sales of the company decreased derived from a lower sales price. Sales decreased from Ps. 7,885 million in the first quarter of 2024 to Ps. 7,783 million in the same period of 2025. Shipments of steel finished goods decreased
Cost of Sales
The cost of sales decreased from Ps. 5,876 million in the first quarter of 2024 to Ps. 5,786 million in the same period of 2025. Cost of sales as a percentage of net sales in the first quarter of 2025 and 2024 represented
Gross Profit
The gross profit of the company decreased
听General, Sales and administrative Expenses
General, selling, and administrative expenses increased
Other Expenses (Income) net
The company recorded other income net of Ps. 62 million in the first quarter of 2025 compared to other income net of Ps. 5 million in the same period of 2024.
Operating Income
The operating income was Ps. 1,419 million in the first quarter of 2024 compared to Ps. 1,426 million in the same period of 2025. Operating income as a percentage of net sales was
EBITDA
The EBITDA of the Company was in Ps. 1,668 million in the first quarter of 2024, (result of a net income of Ps. 1,456 million, plus income taxes of Ps. 110 million, less comprehensive financial income of Ps. 147 million, plus depreciation of Ps. 249 million). Compared to an Ebitda of Ps 1,692 million in the same period of 2025 (result of a net income of Ps. 1,305 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 179 million, less comprehensive financial income of Ps. 57 million, plus depreciation of Ps. 266 million).
Consolidated | |||||||
Million | Comparative first quarter of 2025 vs first quarter of 2024, | ||||||
2025 | 2024 | ||||||
Net income (loss) Controlling interest | 1,305 | 1,456 | |||||
Loss attributable to noncontrolling interests | (1) | 0 | |||||
Net income (loss) | 1,304 | 1,456 | |||||
Depreciation and amortization | 266 | 249 | |||||
Income taxes | 179 | 110 | |||||
Financial results (income) loss | (57) | (147) | |||||
EBITDA | 1,692 | 1,668 | |||||
听
Comprehensive Financial Cost听
The Comprehensive financial income in the first quarter of 2025 represented a net income of Ps. 57 million compared with a net income of Ps. 147 million in the same period of 2024. Net interest was an income of Ps. 213 million in the first quarter of 2025 compared with a net income of Ps. 250 million in the same period of 2024. At the same time, Simec registered an exchange loss of Ps. 156 million in the first quarter of 2025 compared with an exchange loss of Ps.103 million in the same period of 2024.
Income Taxes
Income Taxes recorded an expense of Ps. 179 million in the first quarter of 2025 (including the benefits of Ps. 7 million of deferred income taxes), compared to an expense of Ps.110 million in the same period of 2024 (including the benefits of Ps. 8 million of deferred income taxes).
Net Income (loss)
As a result of the foregoing, net income decreased to Ps. 1,305 million in the first quarter of 2025 from Ps. 1,456 million in the same period of previous year.
Financial Situation, Liquidity and Capital Resources
As of March 31, 2025, Simec's total consolidated debt consisted of
Comparative first quarter of 2025 vs. fourth quarter of 2024
Net Sales
The net sales of the company decreased
Cost of Sales
Cost of sales decreased
Gross Profit
Gross profit of the company for the first quarter of 2025 increased to Ps. 1,997 million in 2025 from Ps. 1,422 million in the last quarter of 2024. Gross profit as a percentage of net sales in the first quarter of 2025 was
General, Sales and administrative Expenses
General selling, and administrative expenses decreased to Ps. 633 million in the first quarter of 2025 compared to Ps. 768 million in the fourth quarter of 2024, representing
Other Expenses (Income) net
The company recorded other net income of Ps. 62 million in the first quarter of 2025 compared to other net income of Ps. 207 million in the fourth quarter of 2024.
Operating Income
Operating income increased
EBITDA
The EBITDA of the Company was of 1,178 million in the fourth quarter of 2024, (result of a 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. 1,692 million in the first quarter of 2025 (result of net income of Ps. 1,305 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 179 million, less comprehensive financial income of Ps. 57 million, plus depreciation of Ps. 266 million).
Consolidated | |||||||
Million | Comparative first quarter of 2025 vs fourth quarter of 2024, | ||||||
2025 | 2024 | ||||||
Net income (loss) Controlling interest | 1,305 | 1,901 | |||||
Loss attributable to noncontrolling interests | (1) | (5) | |||||
Net income (loss) | 1,304 | 1,896 | |||||
Depreciation and amortization | 266 | 317 | |||||
Income taxes | 179 | 1,298 | |||||
Financial results (income) loss | (57) | (2,333) | |||||
Adjusted EBITDA | 1,692 | 1,178 | |||||
听
Comprehensive Financial Cost听
Comprehensive financial income in the first quarter of 2025 represented a net income of Ps. 57 million compared with a net income of Ps. 2,333 million in the fourth quarter of 2024. Net interest income of the first quarter of 2025 was of Ps. 213 million compared with an interest net income of Ps. 550 million in the last quarter of 2024. Likewise, an exchange loss of 156 million was recorded in the first quarter of 2025 against an exchange profit of Ps. 1,757 million in the last quarter of 2024. In the fourth quarter of 2024, other net financial income was recorded for Ps. 26 million.
Income Taxes
Income Taxes recorded a expense of Ps. 179 million in the first quarter of 2025 (including an income of deferred tax of Ps. 7 million). compared a net tax expense of Ps. 1,298 million in the fourth quarter of 2024 (including an income of deferred tax of Ps. 205 million).
Net Income (loss)
As a result of the foregoing, the net income of the first quarter of 2025 is of听Ps. 1,305 million compared to a net income of Ps. 1,901 million in of the fourth quarter 2024.
Quarter | |||||
(millions of pesos) | 1Q'25 | 4Q '24 | 1Q 24 | 1Q麓25 vs | 1Q麓25 vs |
Sales | 7,783 | 8,830 | 7,885 | (12听%) | (1听%) |
Cost of Sales | 5,786 | 7,408 | 5,876 | (22听%) | (2听%) |
Gross Profit | 1,997 | 1,422 | 2,009 | 40听% | (1听%) |
Selling, General and Adm. Expenses | 633 | 768 | 595 | (18听%) | 6听% |
Other Income (Expenses), net | 62 | 207 | 5 | (70听%) | 1140听% |
Operating Profit | 1,426 | 861 | 1,419 | 66听% | 0听% |
EBITDA | 1,692 | 1,178 | 1,668 | 44听% | 1听% |
Net Income Controlling interest | 1,305 | 1,901 | 1,456 | (31听%) | (10听%) |
Sales Outside Mexico | 3,469 | 4,410 | 3,694 | (21听%) | (6听%) |
Sales in | 4,314 | 4,420 | 4,191 | (2听%) | 3听% |
Total Sales (Tons thousands) | 476 | 520 | 479 | (8听%) | (1听%) |
Cost per Ton (Pesos) | 12,155 | 14,246 | 12,267 | (15听%) | (1听%) |
听
Product | Thousands of Tons Jan-Mar 2025 | Millions of Pesos Jan-Mar 2025 | Average Price per Ton Jan-Mar 2025 | Thousands of Tons Oct-Dec 2024 | Millions of Pesos Oct-Dec 2024 | Average Price per Ton Oct-Dec 2024 | Thousands of Tons Jan-Mar听 2024 | Millions of Pesos Jan-Mar 2024 | Average Price per Ton Jan-Mar听 2024 |
Commercial Long Steel | 360 | 5,374 | 14,928 | 403 | 6,350 | 15,757 | 352 | 5,435 | 15,440 |
Special Bar Quality SBQ | 116 | 2,409 | 20,767 | 117 | 2,480 | 21,197 | 127 | 2,450 | 19,291 |
Total | 476 | 7,783 | 16,351 | 520 | 8,830 | 16,981 | 479 | 7,885 | 16,461 |
听
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.
PRESS RELEASE | Contact: Jos茅 Luis Tinajero |
听Mario Moreno Cortez | |
听Grupo Simec, S.A.B. de C.V. | |
听Calzada L谩zaro C谩rdenas 601 | |
听44440 | |
52 55 1165 1025 | |
52 33 3770 6734 |
听
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SOURCE Grupo Simec, S.A.B. de C.V.
FAQ
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