GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST SIX MONTHS OF 2025
Grupo Simec (NYSE: SIM) reported challenging financial results for H1 2025, with significant declines across key metrics. Net sales decreased 9% to Ps. 14,835 million, driven by an 11% reduction in steel shipments despite a 3% higher average sales price. The company's net income saw a dramatic 94% decrease to Ps. 304 million from Ps. 5,435 million in H1 2024.
Operating profit declined 10% to Ps. 2,624 million, while EBITDA decreased 7% to Ps. 3,165 million. Both domestic and international sales showed weakness, with Mexico sales down 8% and external sales declining 10%. The company maintained a gross profit margin of 25%, though selling, general and administrative expenses increased 11%.
Grupo Simec (NYSE: SIM) ha riportato risultati finanziari difficili per il primo semestre 2025, con cali significativi nei principali indicatori. Le vendite nette sono diminuite del 9% a Ps. 14.835 milioni, a causa di una riduzione dell'11% nelle spedizioni di acciaio nonostante un aumento del 3% nel prezzo medio di vendita. L'utile netto dell'azienda ha subito un drastico calo del 94% a Ps. 304 milioni rispetto a Ps. 5.435 milioni nel primo semestre 2024.
Il profitto operativo 猫 sceso del 10% a Ps. 2.624 milioni, mentre l'EBITDA 猫 diminuito del 7% a Ps. 3.165 milioni. Sia le vendite nazionali che quelle internazionali hanno mostrato debolezza, con un calo dell'8% in Messico e una diminuzione del 10% nelle vendite estere. L'azienda ha mantenuto un margine lordo del 25%, anche se le spese di vendita, generali e amministrative sono aumentate dell'11%.
Grupo Simec (NYSE: SIM) report贸 resultados financieros desafiantes para el primer semestre de 2025, con descensos significativos en m茅tricas clave. Las ventas netas disminuyeron un 9% hasta Ps. 14,835 millones, impulsadas por una reducci贸n del 11% en los env铆os de acero a pesar de un aumento del 3% en el precio promedio de venta. La utilidad neta de la compa帽铆a sufri贸 una dram谩tica ca铆da del 94% a Ps. 304 millones desde Ps. 5,435 millones en el primer semestre de 2024.
La utilidad operativa disminuy贸 un 10% a Ps. 2,624 millones, mientras que el EBITDA baj贸 un 7% a Ps. 3,165 millones. Tanto las ventas nacionales como internacionales mostraron debilidad, con ventas en M茅xico cayendo un 8% y ventas externas disminuyendo un 10%. La compa帽铆a mantuvo un margen bruto del 25%, aunque los gastos de venta, generales y administrativos aumentaron un 11%.
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鞓侅梾鞚挫澋鞚赌 10% 臧愳唽頃� 26鞏� 2,400毵� 韼橃唽, EBITDA電� 7% 欷勳柎霌� 31鞏� 6,500毵� 韼橃唽毳� 旮半頄堨姷雼堧嫟. 甑偞鞕� 毵れ稖 氇憪 攵�歆勴枅鞙茧┌, 氅曥嫓旖� 毵れ稖鞚� 8%, 頃挫櫢 毵れ稖鞚� 10% 臧愳唽頄堨姷雼堧嫟. 須岇偓電� 25%鞚� 齑濎澊鞚惦鞚� 鞙犾頄堨溂雮� 韺愲Г牍勳檧 鞚茧皹甏�毽箘電� 11% 歃濌皜頄堨姷雼堧嫟.
Grupo Simec (NYSE: SIM) a annonc茅 des r茅sultats financiers difficiles pour le premier semestre 2025, avec des baisses significatives sur les indicateurs cl茅s. Les ventes nettes ont diminu茅 de 9 % pour atteindre 14 835 millions de pesos, en raison d'une r茅duction de 11 % des exp茅ditions d'acier malgr茅 une hausse de 3 % du prix moyen de vente. Le b茅n茅fice net de la soci茅t茅 a chut茅 de mani猫re spectaculaire de 94 % 脿 304 millions de pesos contre 5 435 millions de pesos au premier semestre 2024.
Le r茅sultat op茅rationnel a baiss茅 de 10 % 脿 2 624 millions de pesos, tandis que l'EBITDA a diminu茅 de 7 % 脿 3 165 millions de pesos. Les ventes nationales et internationales ont toutes deux montr茅 des signes de faiblesse, avec une baisse de 8 % des ventes au Mexique et une diminution de 10 % des ventes 脿 l'export. La soci茅t茅 a maintenu une marge brute de 25 %, bien que les frais de vente, g茅n茅raux et administratifs aient augment茅 de 11 %.
Grupo Simec (NYSE: SIM) meldete f眉r das erste Halbjahr 2025 herausfordernde Finanzergebnisse mit deutlichen R眉ckg盲ngen bei wichtigen Kennzahlen. Der Nettoumsatz sank um 9 % auf 14.835 Millionen Pesos, bedingt durch eine 11%ige Reduzierung der Stahllieferungen trotz eines um 3 % h枚heren durchschnittlichen Verkaufspreises. Der Nettogewinn des Unternehmens fiel dramatisch um 94 % auf 304 Millionen Pesos von 5.435 Millionen Pesos im ersten Halbjahr 2024.
Das Betriebsergebnis ging um 10 % auf 2.624 Millionen Pesos zur眉ck, w盲hrend das EBITDA um 7 % auf 3.165 Millionen Pesos sank. Sowohl inl盲ndische als auch internationale Verk盲ufe zeigten Schw盲che, mit einem R眉ckgang der Verk盲ufe in Mexiko um 8 % und einem R眉ckgang der Auslandsverk盲ufe um 10 %. Das Unternehmen hielt eine Bruttogewinnmarge von 25 %, obwohl die Vertriebs-, Verwaltungs- und allgemeinen Kosten um 11 % stiegen.
- Maintained stable gross profit margin at 25% despite market challenges
- Average sales price increased by 3% year-over-year
- Recorded other income of Ps. 263 million, up from Ps. 45 million in 2024
- Strong liquidity position with minimal debt
- Net income plummeted 94% to Ps. 304 million from Ps. 5,435 million
- Steel shipments declined 11% to 901 thousand tons
- Net sales decreased 9% to Ps. 14,835 million
- Selling, general and administrative expenses increased 11%
- Both domestic (-8%) and international (-10%) sales declined
- Operating profit fell 10% to Ps. 2,624 million
Insights
Grupo Simec's H1 2025 shows declining performance with 94% net income drop despite only 9% sales decrease, primarily due to FX losses.
Grupo Simec's first half 2025 results reveal a concerning financial performance with net income plummeting 94% to
The company's operational metrics show moderate deterioration. Shipments decreased
The Q2 2025 results are particularly troubling, with a
EBITDA declined
Comparative first six months of 2025 vs. first six months of 2024
Net Sales
Net sales decreased
Cost of Sales
Cost of sales decreased
Gross Profit
Gross profit of the Company in the first half of 2025 was of Ps. 3,668 million compared to Ps. 4,047 million in the first half of 2024. Gross profit as percentage of net sales represented
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased
Other Income (Expenses,) net
The Company recorded other income net for Ps. 263 million in the first half of 2025 million compared to other income net Ps. 45 million in the same period of 2024.
Operating Profit
Operating profit decreased
听Ebitda
The Ebitda of the Company decreased
First six months of 2025 vs first six months of 2024, | ||||||||
Consolidated Million | 2025 | 2024 | ||||||
Net income (loss) | 304 | 5,435 | ||||||
Loss attributable to noncontrolling interests | (1) | (1) | ||||||
Net income (loss) | 303 | 5,434 | ||||||
Depreciation and amortization | 541 | 497 | ||||||
Income taxes | 476 | 291 | ||||||
Financial results (income) loss | 1,845 | (2,809) | ||||||
EBITDA | 3,165 | 3,413 | ||||||
Comprehensive Financial Cost
Comprehensive financial Cost for the first half of 2025 represented an expense of Ps. 1,845 million compared with a net income of Ps. 2,809 million for the first half of 2024. The comprehensive financial cost is comprised by the exchange loss of Ps. 2,332 million in the first half of 2025 compared with an exchange income of Ps. 2,030 million in the first half of 2024. Likewise, the Company recorded a net interest income of Ps. 487 million for the first half of 2025 compared with a net interest income of Ps. 737 million in 2024, in the first half of 2024 there is a record of net other financial income for Ps. 42 million.
Income Taxes
The Company recorded a net tax expense of Ps. 476 million during the first half of 2025, (comprised for a current tax expense of Ps. 383 million and expense for deferred tax of Ps. 93 million) compared with net tax expense of Ps. 291 million to the first half of 2024 (comprised for a current tax expense of Ps. 412 million and income for deferred tax of Ps. 121 million).
听Net Income
听As a result of the foregoing, the Company recorded a decrease in net income of
Comparative second quarter of 2025 vs. first quarter of 2025
Net Sales
Net sales of the Company decreased
Cost of Sales
Cost of sales decreased
Gross Profit
Gross profit of the Company for the second quarter of 2025 decreased
Selling, General and Administrative Expense
Selling, general and administrative expense increased
Other (Expenses) Income, net
The Company recorded other income net for Ps. 201 million during the second quarter of 2025 compared to other income net for Ps. 62 million in the first quarter of 2025.
Operating Income
Operating income decreased
Ebitda
The Ebitda was 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), compared to Ebitda of Ps 1,473 million in the second quarter of 2025 (result of net loss of Ps. 1,000 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 297 million, plus comprehensive financial cost of Ps. 1,902 million, plus depreciation of Ps. 275 million).
听Second quarter of 2025 vs first quarter of 2025, | ||||||||
Consolidated Million | Second quarter | First quarter | ||||||
Net income (loss) | (1,000) | 1,305 | ||||||
Loss attributable to noncontrolling interests | (1) | (1) | ||||||
Net income (loss) | (1,001) | 1,304 | ||||||
Depreciation and amortization | 275 | 266 | ||||||
Income taxes | 297 | 179 | ||||||
Financial results (income) loss | 1,902 | (57) | ||||||
EBITDA | 1,473 | 1,692 | ||||||
Comprehensive Financial Cost
Comprehensive financial cost of the Company in the second quarter of 2025 represented an expense of Ps. 1,902 million compared with a net income of Ps. 57 million for the first quarter of 2025. The comprehensive financial cost is comprised of net interest income of Ps. 274 million in the second quarter of 2025, while in the first quarter was a net income of Ps. 213 million. Likewise, we recorded a net exchange loss of Ps. 2,176 million in the second quarter of 2025 compared a net exchange loss Ps. 156 million in the first quarter of the same year.
Income Taxes
The Company recorded an expense of Ps. 297 million of income tax during the second quarter of 2025, (comprised for an expense of current tax of Ps. 197 million and an expense for deferred tax of Ps. 100 million) compared with the Ps. 179 million of expense for the first quarter of the same year, (comprised of an expense of current tax of Ps. 186 million and an income for deferred tax of Ps. 7 million).
Net Income
As a result of the foregoing, the Company recorded a decrease in net income from Ps. 1,305 million in the first quarter of 2025 compared to a net loss of Ps. 1,000 million for the second quarter of 2025.
Liquidity and Capital Resources
As of June 30th, 2025, Simec's total consolidated debt consisted of
Comparative second quarter of 2025 vs. second quarter of 2024
Net Sales
Net sales of the Company decreased
Cost of Sales
Cost of sales decreased
Gross (Loss) Profit
Gross profit of the Company for the second quarter of 2025 was to Ps. 1,671 million compared to Ps. 2,038 million in the second quarter of 2024, this represented a decrease of
Selling, General and Administrative Expense
The selling, general and administrative expenses increased
Other Income (Expenses), net
The company recorded other income net of Ps. 201 million in the second quarter of 2025 compared with other income net of Ps. 40 million for the second quarter of 2024.
Operating (Loss) Income
Operating income was to Ps. 1,198 million in the second quarter 2025 compared to Ps. 1,498 million in the second quarter of 2024. The operating income as a percentage of net sales was
Ebitda
The Ebitda was Ps. 1,747 million in the second quarter of 2024 (result of net income of Ps. 3,979 million, plus income taxes of Ps. 181 million, less comprehensive financial income of Ps. 2,662 million, plus depreciation of Ps. 249 million), compared to Ebitda of 听Ps 1,473 million in the second quarter of 2025 (result of net loss of Ps. 1,000 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 297 million, plus comprehensive financial cost of Ps. 1,902 million, plus depreciation of Ps. 275 million).
Second quarter of 2025 vs second quarter of 2024, | ||||||||
Consolidated Million | 2025 | 2024 | ||||||
Net income (loss) | (1,000) | 3,979 | ||||||
Loss attributable to noncontrolling interests | (1) | |||||||
Net income (loss) | (1,001) | 3,979 | ||||||
Depreciation and amortization | 275 | 249 | ||||||
Income taxes | 297 | 181 | ||||||
Financial results (income) loss | 1,902 | (2,662) | ||||||
EBITDA | 1,473 | 1,747 | ||||||
Comprehensive Financial Cost
Comprehensive financial cost for the second quarter of 2025 represented a net expense of Ps. 1,902 million compared with a net income of Ps. 2,662 million for the second quarter of 2024. The comprehensive financial cost is comprised of net interest income of Ps. 274 million in the second quarter of 2025, compared to a net interest income of Ps. 487 million for the same period of 2024. Also, we recorded an exchange loss of Ps. 2,176 million in the second quarter of 2025 and an exchange income of Ps. 2,133 million in the second quarter of 2024. In the second quarter of 2024 there was a record of net other financial income for Ps. 42 million.
Income Taxes
The company recorded a net taxes expense for the second quarter of 2025 of Ps. 297 million (including an expense of deferred tax of Ps. 100 million) compared to a net tax expense of Ps. 181 million for the second quarter of 2024, (including a deferred tax income of Ps. 113 million).
Net Income (Loss)
As a result of the foregoing, the Company recorded a net loss of Ps. 1.000 million in the second quarter of 2025 compared to Ps. 3,979 million of net profit in the second quarter of 2024.听
First Semester听
(millions of pesos) | 1H '25 | 1H '24 | Year听25听VS'听24 | |||||||||
Sales | 14,835 | 16,279 | (9听%) | |||||||||
Cost of Sales | 11,167 | 12,232 | (9听%) | |||||||||
Gross Profit | 3,668 | 4,047 | (9听%) | |||||||||
Selling, General and Administrative Expense | 1,307 | 1,176 | 11听% | |||||||||
Other Income (Expenses), net | 263 | 45 | 484听% | |||||||||
Operating Profit | 2,624 | 2,916 | (10听%) | |||||||||
EBITDA | 3,165 | 3,413 | (7听%) | |||||||||
Net income | 304 | 5,435 | (94听%) | |||||||||
Sales Outside Mexico | 6,573 | 7,287 | (10听%) | |||||||||
Sales in | 8,262 | 8,992 | (8听%) | |||||||||
Total Sales (Tons Thousands) | 901 | 1,015 | (11听%) | |||||||||
听
Quarter | ||||||||||||||||||||||||||||
(millions of pesos) | 2Q'25 | 1Q '25 | 2Q '24 | 2Q麓25 vs | 2Q麓25 vs 2Q 麓24 | |||||||||||||||||||||||
Sales | 7,052 | 7,783 | 8,394 | (9听%) | (16听%) | |||||||||||||||||||||||
Cost of Sales | 5,381 | 5,786 | 6,356 | (7听%) | (15听%) | |||||||||||||||||||||||
Gross Profit | 1,671 | 1,997 | 2,038 | (16听%) | (18听%) | |||||||||||||||||||||||
Selling, General and Adm. Expenses | 674 | 633 | 580 | 6听% | 16听%) | |||||||||||||||||||||||
Other Income (Expenses), net | 201 | 62 | 40 | 224听% | 403听% | |||||||||||||||||||||||
Operating Profit | 1,198 | 1,426 | 1,498 | (16听%) | (20听%) | |||||||||||||||||||||||
EBITDA | 1,473 | 1,692 | 1,747 | (13听%) | (16听%) | |||||||||||||||||||||||
Net Income | (1,000) | 1,305 | 3,979 | N/C | N/C | |||||||||||||||||||||||
Sales Outside Mexico | 3,104 | 3,469 | 3,593 | (11听%) | (14听%) | |||||||||||||||||||||||
Sales in | 3,948 | 4,314 | 4,801 | (8听%) | (18听%) | |||||||||||||||||||||||
Total Sales (Tons Thousands) | 425 | 476 | 536 | (11听%) | (21听%) | |||||||||||||||||||||||
听
Product | Thousands of Tons Jan-Jun 2025 | Millions of | Average Price per Ton Jan-Jun 2025 | Thousands of Tons Jan 鈥� Jun 2024 | Millions of | Average Price per Ton Jan-Jun 2024 | ||||||||||||||||||
Commercial Long Steel | 642 | 9,503 | 14,802 | 744 | 11,191 | 15,042 | ||||||||||||||||||
Special Bar Quality SBQ | 259 | 5,332 | 20,587 | 271 | 5,088 | 18,775 | ||||||||||||||||||
Total | 901 | 14,835 | 16,465 | 1,015 | 16,279 | 16,038 | ||||||||||||||||||
听
Product | Thousands of Tons Apr-Jun 2025 | Millions of Pesos | Average Price per Ton Apr-Jun 2025 | Thousands of Tons Jan 鈥� Mar 2025 | Millions of Pesos Jan- Mar 2025 | Average Price per Ton Jan-Mar 2025 | Thousands of Tons Apr-Jun 2024 | Millions of Pesos | Average Price per Ton Apr-Jun 2024 | |||||||||||||||||||||||||||
Commercial Long Steel | 319 | 4,855 | 15,219 | 360 | 5,374 | 14,928 | 392 | 5,756 | 14,684 | |||||||||||||||||||||||||||
Special Bar Quality SBQ | 106 | 2,197 | 20,726 | 116 | 2,409 | 20,767 | 144 | 2,638 | 18,319 | |||||||||||||||||||||||||||
Total | 425 | 7,052 | 16,593 | 476 | 7,783 | 16,351 | 536 | 8,394 | 15,660 | |||||||||||||||||||||||||||
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: Jos茅 Luis Tinajero
Mario Moreno Cortez
Grupo Simec, S.A.B. de C.V.
Calzada L谩zaro C谩rdenas 601
44440
52 55 1165 1028
52 33 3770 6734
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SOURCE Grupo Simec, S.A.B. de C.V.
FAQ
What were Grupo Simec's (SIM) key financial results for H1 2025?
How did Grupo Simec's steel shipments perform in H1 2025 vs H1 2024?
What caused the significant decline in Grupo Simec's net income for H1 2025?
How did Grupo Simec's domestic vs international sales perform in H1 2025?
What was Grupo Simec's EBITDA for H1 2025?
