Ferreycorp (FERREYC1) investor relations material

Executive summary

• Consolidated sales reached $578 million (S/1.98 billion), up 8.3% year-over-year, driven by strong demand for Caterpillar machinery in mining, construction, and allied brands.

• Net profit declined 63% year-over-year to S/53 million; adjusted net profit fell 17% to S/110 million.

• Disciplined operational efficiency led to a 10.4% reduction in SG&A/operating expenses compared to 1Q'25.

• Exchange rate volatility caused a S/67 million FX loss versus a S/35 million gain last year, significantly impacting profits.

• Dividend payout of S/288.3 million approved, representing 60% of 2025 free disposal profits.

Financial highlights

• Revenues increased 8.3% in USD terms and 0.3% in local currency year-over-year.

• Gross margin declined to 22.1% (adjusted: 23.0%) from 25.4% (adjusted: 26.3%) due to a higher share of lower-margin machinery sales.

• Operating profit decreased 14% to S/170 million; adjusted operating profit down 13% to S/188 million.

• EBITDA fell 8% to S/247 million; adjusted EBITDA also down 8% to S/265 million.

• Net financial expenses increased 7% to S/25 million, reflecting higher debt levels but lower average interest rates.

Outlook and guidance

• Operations remain agile and focused on supporting critical customer needs and driving shareholder value amid Peru's political transition.

• Management highlights ongoing expense optimization and plans to maintain medium-term debt discipline to support Capex.

• The company expects continued volatility in exchange rates and is focused on inventory management and customer demand fulfillment.