Ferreycorp (FERREYC1) Q1 2026 earnings summary

Executive 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, particularly for Caterpillar machinery.

• Operating expenses (SG&A) fell 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 was S/110 million, down 17%.

• Dividend payout of S/288.3 million (S/0.09487 per share) approved, representing 60% of 2025 profits, to be paid in May 2026.

• Recognized in S&P Sustainability Yearbook for the fourth consecutive year and ranked among Peru's top 5 ESG companies.

Financial highlights

• Revenues increased 8.3% in USD and 0.3% in local currency year-over-year; consolidated sales: S/1.98 billion ($578 million).

• EBITDA was S/247 million (down 8% YoY); adjusted EBITDA S/265 million (down 8% YoY).

• Gross margin declined to 22.1% (adjusted: 23.0%); operating margin at 8.6% (adjusted: 13.2%); net margin at 2.7% (adjusted: 5.6%).

• FX loss of S/67.2 million, compared to a S/35.2 million gain last year.

• Net financial debt/EBITDA ratio increased to 2.70; total debt reached $755 million (S/2,638 million), up 15.7% YoY.

Outlook and guidance

• Expectation of continued strong demand in mining and infrastructure, with prime product sales mix remaining elevated.

• Margins anticipated to stabilize around 23% for the remainder of the year, with ongoing cost adjustments and inventory normalization as mining trucks are delivered.

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

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