Ferreycorp (FERREYC1) Q1 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2026 earnings summary
26 Aug, 2026Executive summary
Consolidated sales reached $578 million (S/1.98 billion), up 8.3% year-over-year in USD, driven by strong demand in mining, construction, and infrastructure sectors, especially for Caterpillar machinery.
Local currency sales remained flat due to a 5% appreciation of the PEN, but underlying demand was robust.
Operating expenses (SG&A) were reduced by 10.4% year-over-year, reflecting disciplined cost control and operational efficiency.
Net profit dropped 63% year-over-year to S/53 million, mainly due to significant FX losses and lower EBITDA; adjusted net profit fell 17% to S/110 million.
Dividend payout of S/288.3 million (S/0.09487 per share) approved, with payment scheduled for May 8, 2026.
Financial highlights
Revenues increased 8.3% in USD and 0.3% in PEN year-over-year; consolidated sales in PEN were S/1.98 billion.
Operating profit was S/170 million, down 14% year-over-year; adjusted operating profit was S/188 million, down 13%.
EBITDA was S/247 million (adjusted S/265 million), both down 8% year-over-year.
Gross margin declined to 22.1% (adjusted: 23.0%) from 25.4% (adjusted: 26.3%) year-over-year; operating margin was 8.6% vs. 10%; net margin was 2.7% vs. 7.3%.
FX loss of S/67.2 million compared to a S/35.2 million gain in Q1 2025.
Outlook and guidance
Expectation of continued strong demand in mining and infrastructure, with prime product sales to large mining projected around $200 million for the year.
Sales mix for the remainder of the year anticipated to remain similar, with higher prime product share and stable aftermarket demand.
Margins expected to stabilize around 23% for the rest of the year, with ongoing cost adjustments and inventory control.
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.
Latest events from Ferreycorp
- Sales and profits surged in Q2 2026, driven by strong demand and operational efficiency.FERREYC1
Q2 2026 - 2025 sales rose 3% to S/7.8B, with S/200M dividends and margin pressure from FX.FERREYC1
Q4 2025 - Net income surged 149% in Q3 2024 on strong sales, FX gains, and robust segment growth.FERREYC1
Q3 2024 - Record sales and profit growth led by mining, despite FX losses in the quarter.FERREYC1
Q4 2024 - Net sales up 8% and net profit up 24.6%, with margins pressured by FX volatility.FERREYC1
Q1 2025 - Net profit rose on exchange gains, but core margins and EBITDA declined year-over-year.FERREYC1
Q2 2025 - Sales up 13.3% in dollars and 7% in soles, but profit declined on margin and FX impacts.FERREYC1
Q3 2025