CEMEX (CEMEXCPO) investor relations material

Financial performance and operational highlights

• Achieved double-digit EBITDA growth and margin expansion in 3Q25, with strong free cash flow from operations and a 41% FCF conversion rate on a trailing twelve-month basis.

• Project Cutting Edge delivered approximately $90 million in EBITDA savings in 3Q25, with further incremental savings expected in 2026.

• Portfolio rebalancing included the sale of Panama assets and acquisition of a majority stake in Couch Aggregates in the southeastern U.S., offsetting EBITDA loss from divestment.

• Net debt reduced by $164 million quarter-over-quarter and $245 million year-to-date, with total debt at $6.8 billion and an average life of 3.7 years.

• 3Q25 results surpassed recovery expectations, with net sales up 2%, EBITDA up 19%, and controlling interest net income up 48% year-over-year.

Regional performance

• Mexico saw 11% EBITDA growth and margin reaching 33.1%, the highest since 2021, driven by cost efficiencies and pricing momentum despite lower volumes.

• U.S. achieved record 3Q EBITDA margin at 20.6%, with infrastructure demand offsetting residential softness; AGGs business investments expected to boost capacity by ~10% in 2026.

• EMEA posted 17% EBITDA growth and margin expansion, with strong infrastructure and residential demand, and achieved the European Cement Association's 2030 net CO2 target.

• SCAC region delivered 54% EBITDA growth and 6.8pp margin expansion, driven by operational improvements in Jamaica and Colombia.

Strategic framework and business segments

• Focus on operational excellence, disciplined capital allocation, and robust shareholder return platform, with growth strategy centered on small to mid-size M&A in the U.S.

• Core businesses include cement, ready-mix concrete, aggregates, and urbanization solutions, with a purpose to address construction challenges sustainably.

• Urbanization Solutions segment experienced a 14% sales decline and 11% EBITDA decline year-to-date, but margin improved by 0.8pp to 15.6%.

• Four urbanization business lines: performance materials, industrialized construction, circularity, and related services, focusing on high-growth, high-margin opportunities.