Ternium SA reported a net loss of $270 million for the third quarter of 2025. This result included a $405 million income tax charge related to the write-down of deferred tax assets at Usiminas and a $32 million loss from the quarterly update of a provision for ongoing litigation related to the acquisition of a participation in Usiminas. Net financial results for the quarter were a loss of $35 million, which included a $34 million loss in net foreign exchange results, primarily due to the depreciation of the Argentine Peso against the U.S. dollar and the appreciation of the Mexican Peso against the U.S. dollar. At the end of September 2025, Ternium's net cash position was $715 million, down by $303 million from June 2025, mainly reflecting cash demands from the ongoing expansion of industrial facilities. The company continued to improve its Adjusted EBITDA margin in the third quarter, as steel production costs declined primarily due to lower raw material and purchased slab costs and efficiency gains.