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Cementos Argos (CEMARGOS) investor relations material
Cementos Argos Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Achieved strong operating results with 7.5% YoY cement volume growth, 18% YoY consolidated EBITDA growth, and margin expansion to 27.4% for the quarter and 24% year-to-date, on track to exceed the 25% margin target ahead of plan.
Initiated commercial operations in the U.S. aggregates market, secured two additional port positions, and launched Argos Materials, targeting $200 million incremental EBITDA by 2030.
Completed a $230 million share buyback at COP 13,659 per share, funded by Summit Materials divestment, representing 5% of shares outstanding and less than 10% of cash reserves.
Total shareholder return since SPRINT launch reached 554% in USD, with a 25% total return delivered in 2025 through dividends, Grupo SURA share spin-off, and buybacks.
Net income for the quarter reached COP 278 billion (20% margin), and year-to-date net income totaled COP 659 billion.
Financial highlights
Quarterly revenues reached COP 1.37 trillion (+2.3% YoY), EBITDA COP 374 billion (+18.2% YoY, 27.4% margin), and net profit COP 278 billion (20% margin).
Year-to-date revenues totaled COP 3.9 trillion, EBITDA COP 928 billion (24% margin), and net profit COP 659 billion (17% margin), nearly tripling YoY.
Cement volumes rose 7.5% YoY to 2.47 million MT; ready-mix volumes declined 7.9% YoY.
Gross margin improved to 27.5% YTD; operating margin at 14.9% YTD.
Net debt-to-EBITDA at -6.7x, reflecting a strong cash position post-Summit transaction; total debt at $819 million.
Outlook and guidance
On track to exceed 25% EBITDA margin guidance one year ahead of plan, with sustainable margins expected between 25%-30% going forward.
Targeting $200 million incremental EBITDA by 2030 through organic growth in the U.S. aggregates platform, with CapEx under $500 million.
Positive outlook for Colombia, with continued demand growth expected into 2026 and beyond, supported by infrastructure and residential projects.
2025 guidance targets EBITDA margin above 25% and ROCE of 14–15% within two years.
Mid-term CAPEX guidance of $70–90 million; YTD CAPEX at $49.3 million.
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Next Cementos Argos earnings date
Q4 202524 Feb, 2026
Next Cementos Argos earnings date
Q4 202524 Feb, 2026
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Frequently asked questions
Cementos Argos S.A. is a building materials company engaged in the production, distribution, and sale of cement, ready-mix concrete, and aggregates. The company serves the construction industry across residential, commercial, infrastructure, and industrial sectors. Cementos Argos operates manufacturing plants and distribution centers in multiple countries, with a strong presence in Latin America, the Caribbean, and the United States. The company is headquartered in Medellín, Colombia, and its shares are listed on the BVC.
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