Logotype for CEMEX S.A.B. de C.V.

CEMEX (CEMEXCPO) investor relations material

CEMEX Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for CEMEX S.A.B. de C.V.
Q2 2025 earnings summary24 Jul, 2025

Executive summary

  • Strategic transformation advanced with a streamlined structure, regional empowerment, and portfolio review focused on operational excellence and shareholder returns.

  • Project Cutting Edge expanded, targeting $200M EBITDA savings in 2025 and $400M by 2027, mainly from headcount reduction and operational efficiencies.

  • 2Q25 results aligned with guidance; net sales down 4–5% and EBITDA down 9–11% year-over-year, but margins remained resilient in key regions.

  • Free cash flow from operations in Q2 2025 was $206M, down 25% year-over-year, but expected to accelerate in H2 due to improved profitability and working capital reversal.

  • Controlling interest net income rose 38% year-over-year to $318M in Q2 2025, driven by non-operating items and discontinued operations.

Financial highlights

  • Net sales for Q2 2025 were $4.1B, down 4–5% year-over-year; EBITDA was $823M, down 9–11%; EBITDA margin at 20.0%, down 1.1pp.

  • Controlling interest net income: $230M–$318M, up 38% year-over-year, mainly from discontinued operations and non-operating gains.

  • Free cash flow from operations: $206M in Q2 2025, down 25% year-over-year; 1H25 FCF from operations: -$65M.

  • Total debt decreased 8% year-over-year to $6.9B; net debt at $5.8B at quarter-end, down 19% year-over-year; leverage ratio: 2.05x.

  • Cash and cash equivalents increased to $1.17B, up 174% year-over-year.

Outlook and guidance

  • 2025 EBITDA expected to be flat with potential upside if FX rates remain stable; energy cost per ton of cement to decrease high single digits.

  • Free cash flow generation anticipated to improve in H2 due to higher profitability and seasonal working capital reversal.

  • Mexico and US volumes expected to decline mid-to-high single digits in 2025, but Mexico volumes may improve in H2 as comps ease and infrastructure spending ramps up.

  • EMEA region expected to maintain strong performance, with further volume growth, pricing support, and decarbonization initiatives.

  • Maintenance capex: $800M; growth capex: $600M; cash taxes expected at $450M; net interest paid to decrease by $125M.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next CEMEX earnings date

Logotype for CEMEX S.A.B. de C.V.
Q3 202527 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next CEMEX earnings date

Logotype for CEMEX S.A.B. de C.V.
Q3 202527 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

CEMEX S.A.B. de C.V. is a global building materials company producing, distributing, and marketing cement, ready-mix concrete, and aggregates. It serves residential, commercial, and infrastructure construction sectors worldwide. The company is headquartered in Monterrey, Mexico, and its shares are listed on the BMV.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage