Ferreycorp (FERREYC1) investor relations material

Executive summary

• Consolidated sales in Q2 2026 reached US$592 million (S/2.04 billion), up 18% in USD and 11% in soles year-over-year, driven by strong demand for Caterpillar machinery and aftermarket services.

• Net profit for Q2 2026 was S/166 million, a 36% increase year-over-year; adjusted net profit rose 46% to S/143 million, excluding non-recurring events.

• Operational efficiency initiatives led to a 6.6% reduction in SG&A expenses, improving the SGA to sales ratio to 14.2%.

• A one-time recovery of a provisioned account receivable at Trex Chile contributed S/25 million to net profit.

• Dividend payments for FY2025 totaled S/288.3 million, fulfilling the policy's upper limit of 60% of annual net income.

Financial highlights

• Operating profit increased 53% to S/228 million; adjusted operating profit up 41% to S/234 million.

• EBITDA for Q2 2026 rose 33% to S/300 million, with an EBITDA margin of 14.7%.

• Gross margin declined to 22.1% from 24.7% due to a sales mix shift toward lower-margin machinery.

• Net financial expenses rose 9% to S/25 million, reflecting higher average debt but lower interest rates.

• SG&A expenses decreased 6.6% year-over-year, now representing 14.2% of sales.

Outlook and guidance

• Full-year revenue guidance revised upward to low double-digit growth, from previous low single-digit expectations.

• Net income expected to remain stable year-over-year, with a shift in sales mix toward large equipment impacting gross margin but supporting long-term service revenue.

• Inventory buildup includes mining trucks committed for future delivery, supporting expected revenue growth.

• Positive outlook supported by political stability, macroeconomic momentum, and favorable metal prices.