The Monarch Cement Company (MCEM) investor relations material

Executive summary

• Net sales for 2025 were $248.3 million, down $19.8 million year-over-year, with gross profit at $92.5 million and net income at $64.6 million, reflecting a resilient performance amid challenging market conditions.

• Cement Business sales rose by $9.3 million, while Ready-Mixed Concrete sales fell by $29.1 million due to a 33.4% drop in volume, partially offset by price increases.

• Gross profit margin improved to 37.3% from 36.7% year-over-year, with a decrease in selling, general, and administrative expenses by $0.6 million.

• The company maintained strong liquidity, with working capital increasing to $158.6 million and a quick ratio of 5.79 at year-end.

• Major capital projects, including a new blending silo and a 20 MW solar project, are advancing to enhance operational efficiency and sustainability.

Financial highlights

• Net sales: $248.3 million (down $19.8 million year-over-year).

• Net income: $64.6 million (down $1.4 million year-over-year).

• Basic EPS: $17.24 (down from $18.02 in 2024).

• Gross profit margin: 37.3% (up from 36.7% in 2024).

• Cash dividends declared per share: $9.09 (up from $4.75 in 2024).

• Total assets: $493.1 million (up from $458.3 million in 2024).

Outlook and guidance

• The blending silo project is on track for completion in Fall 2026, expected to improve product quality and operational reliability.

• Planned capital expenditures for 2026 total $35.2 million, focused on production facilities and equipment.

• Management remains confident in the company’s strategic direction, emphasizing innovation, sustainability, and operational efficiency.