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 (excluding FX and one-time items) up 46%.

• Operational efficiency initiatives led to a 6.6% reduction in operating expenses year-over-year, improving the SGA to sales ratio to 14.2%.

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

• A one-time recovery at Trex Chile contributed S/25 million to net profit.

Financial highlights

• Operating profit rose 30% year-over-year to S/194 million; adjusted operating profit up 20% to S/200 million.

• EBITDA reached S/266 million, up 18% year-over-year; adjusted EBITDA at S/272 million, up 12%.

• Gross margin for Q2 2026 was 23.4% (down from 24.7% last year) due to a higher share of prime product sales; adjusted gross margin was 23.7%.

• Net profit for Q2 was S/141 million, a 16% increase year-over-year; adjusted net profit (excluding FX) at S/119 million, up 21%.

• SG&A expenses decreased 6.6% year-over-year, now representing 14.2% of sales versus 16.8% last year.

Outlook and guidance

• Annual 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 strong top line but lower gross margin due to sales mix.

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

• Optimism for continued demand, supported by political stability and favorable metal prices.

• Tangible benefits from a focus on private investment and macroeconomic stability are already being observed.