Grupo Simec (SIM) Q1 2025 earnings summary

Executive summary

• Q1’25 net sales were Ps. 7,783 million, down 1% YoY; operating income was nearly flat at Ps. 1,426 million, while net income fell to Ps. 1,305 million from Ps. 1,456 million.

• QoQ, lower input costs lifted gross profit 40% and operating income 66%; EBITDA rose 44% to Ps. 1,692 million.

Financial highlights

• Net sales declined from Ps. 7,885 million to Ps. 7,783 million YoY; finished-steel shipments decreased 1% to 476 thousand tons and average selling price per ton fell 1%.

• Cost of sales decreased 2% YoY to Ps. 5,786 million; gross profit declined 1% to Ps. 1,997 million.

• General, selling and administrative expenses increased 6% YoY to Ps. 633 million; other net income was Ps. 62 million vs. Ps. 5 million.

• Net income was Ps. 1,304 million; income tax expense rose to Ps. 179 million from Ps. 110 million, while comprehensive financial income fell to Ps. 57 million from Ps. 147 million.

• Basic EPS was Ps. 2.62 vs. Ps. 2.93 YoY; revenue for the last 12 months was Ps. 33,657 million vs. Ps. 36,381 million.

Outlook and guidance

• Forward-looking information is subject to risks, uncertainties and assumptions that could cause actual results to vary materially from expectations.