GUADALAJARA, Mexico, Feb. 19, 2026 /PRNewswire/ — Grupo Simec, S.A.B. de C.V. (NYSE:SIM) (“Simec”) announced today its results of operations for the twelve-month period ended December 31, 2025.
Twelve-Month Period Ended December 31, 2025 compared to Twelve-Month Period Ended December 31, 2024, Audited.
Net Sales
Net sales decreased 10% because of the combination of 6% less shipments of finished steel products and a 4% lower average sales price compared to the same period of 2024, the sales decreased from Ps. 33,658 million in the twelve-month period ended December 31, 2024 to Ps. 30,291 million in the same period of 2025. Shipments of finished steel products decreased to 1 million 933 thousand tons in the twelve-month period ended December 31, 2025 compared to 2 million 56 thousand tons in the same period of 2024. Total sales outside of Mexico on the twelve-month period ended December 31, 2025 decreased 14% to Ps. 13,234 million compared with Ps. 15,388 million in the same period of 2024. Total sales in Mexico decreased 7% from Ps. 18,270 million in the twelve-month period ended December 31, 2024 to Ps. 17,057 million in the same period of 2025.
Cost of Sales
Cost of sales decreased 13% from Ps. 26,033 million in the twelve-month period ended December 31, 2024 to Ps. 22,657 million in the same period of 2025. Cost of sales as a percentage of net sales represented 75% and 77%, respectively, for the periods 2025 and 2024. The average cost of finished steel produced in the twelve-month period ended December 31, 2025 compared to the same period of 2024 decreased 7% mainly due to lower scrap cost.
Gross Profit
Gross profit of the Company in the twelve-month period ended December 31, 2025 was of Ps. 7,634 million compared to Ps. 7,625 million in the same period of 2024. Gross profit as a percentage of net sales represented 25% and 23% respectively, for the periods 2025 and 2024.
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 8% from Ps. 2,603 million in the twelve-month period ended December 31, 2024 to Ps. 2,800 million in the same period of 2025. Selling, general and administrative expenses as a percentage of net sales represented 8% during the twelve-month period ended December 31, 2024 and 9% in the same period of 2025.
Other Expenses (Income) net
The company recorded other net income of Ps. 279 million in the twelve-month period ended December 31, 2024 compared to other net income of Ps. 531 million in the same period of 2025.
Operating Profit
Operating income increased 1% from Ps. 5,301 million for the twelve-month period ended December 31, 2024 to Ps. 5,365 million in the same period of 2025. Operating profit as a percentage of net sales represented 18% and 16% for the 2025 and 2024 periods respectively.
EBITDA
The EBITDA of the Company increased 1% from Ps. 6,367 million in the twelve-month prior ended December 31, of 2024, (result of net income of Ps. 10,488, less minority stake of Ps. 7 million, plus income taxes of Ps. 2,060 million, less comprehensive financial income of Ps. 7,240 million, plus depreciation of Ps. 1,066 million), to an EBITDA of Ps. 6,446 million in the same period of 2025 (result of net income of Ps. 1,533 less minority stake of Ps. 1 million, plus income taxes of Ps. 1,339 million, plus comprehensive financial cost of Ps. 2,494 million, plus depreciation of 1,081 million).
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Consolidated |
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Million |
Twelve-month period ended December 31, |
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2025 |
2024 |
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Net income (loss) controlling interest |
1,533 |
10,488 |
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Loss attributable to noncontrolling interests |
(1) |
(7) |
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Net income (loss) |
1,532 |
10,481 |
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Depreciation and amortization |
1,081 |
1,066 |
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Income taxes |
1,339 |
2,060 |
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Financial results (income) loss |
2,494 |
(7,240) |
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EBITDA |
6,446 |
6,367 |
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Comprehensive Financial Income (Cost)
Comprehensive financial cost in the twelve-month period ended December 31, 2025 represented a net expense of Ps. 2,494 million compared with a net income of Ps. 7,240 million in the same period of 2024. The net interest was an income of Ps. 1,059 million in 2025 compared with a net interest income of Ps. 1,616 million in the twelve-month period ended December 31, 2024. We registered a net exchange loss of Ps. 3,602 million in the twelve-month period ended December 31, 2025 compared with an exchange net profit of Ps. 5,556 million in the same period of 2024, net other financial income was recorded for Ps. 49 million for the period 2025 compared to the Ps. 68 million of other financial income for the period 2024.
Income Taxes
The Company recorded an expense net tax of Ps. 1,339 million in the twelve-month period ended December 31, 2025 (including the income of deferred tax of Ps. 50 million) compared with a net expense tax of Ps. 2,060 million in the same period of 2024 (including the income of deferred tax of Ps. 293 million).
Net Income (loss)
As a result of the foregoing, net income decreased by 85% from Ps. 10,488 million in the twelve-month period ended December 31, 2024 to Ps. 1,533 million in the same period of 2025. mainly because the net exchange profit of Ps. 5,556 million recorded in the twelve-month period ended December 31, 2024 became a net exchange loss of Ps. 3,602 million in the twelve-month period ended December 31, 2025.
Liquidity and Capital Resources
As of December 31, 2025, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, Ps. 5.4 million (accrued interest on December 31, 2025 was U.S. $870,134 or Ps. 15.6 million). As of December 31, 2024, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, Ps. 6.2 million (accrued interest on December 31, 2024 was U.S. $841,577, or Ps. 17.3 million).
Comparative fourth quarter 2025 vs third quarter 2025
Net Sales
Net sales increased from Ps. 7,485 million in the third quarter of 2025 to Ps. 7,972 million for the fourth quarter of 2025. Sales in tons increased 7% from 499 thousand ton in the third quarter of 2025 to 532 thousand ton in the fourth quarter of the same year. Total sales outside of Mexico for the fourth quarter of 2025 increased 10% from Ps. 3,178 million in the third quarter to Ps. 3,484 million in the four quarter of 2025. Sales in Mexico increased 4% to Ps. 4,488 million in the fourth quarter of 2025 compared Ps. 4,307 million in the third quarter of 2025. Prices of finished products sold in the fourth quarter of 2025 remained equal compared with the third quarter of the same period.
Cost of Sales
Cost of sales increased to Ps. 5,764 million in the fourth quarter of 2025 compared to Ps. 5,726 million for the third quarter of 2025. With respect to sales, in the fourth quarter of 2025, the cost of sales represented 72%, compared to 77% in the third quarter of the same period. The average cost of sales by ton decreases of 6% in the fourth quarter of 2025 versus the third quarter of 2025.
Gross Profit
Gross profit of the Company for the fourth quarter of 2025 increased 26% to Ps. 2,208 million compared to Ps. 1,759 million in the third quarter of 2025. The gross profit as a percentage of net sales for the third and fourth quarter of 2025 was of 23% and 28% respectively.
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 5% to Ps. 764 million in the fourth quarter of 2025 compared to Ps. 728 million for the third quarter of 2025. Selling, general and administrative expenses as a percentage of net sales represented 10% for both periods of 2025.
Other Expenses (Income) net
The company recorded other net income of Ps. 138 million in the fourth quarter of 2025 compared to other net income of Ps. 128 million for the third quarter of 2025.
Operating Profit
Operating income was of Ps. 1,582 million in the fourth quarter of 2025 compared to an operating profit of Ps. 1,159 million in the third quarter of 2025. The operating profit as a percentage of net sales represented 20% y 15% for the fourth quarter and third quarter of 2025 respectively.
EBITDA
The EBITDA was Ps. 1,428 million in the third quarter of 2025 (result of net income of Ps. 459 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 317 million, plus comprehensive financial cost of Ps. 384 million, plus depreciation of Ps. …