By Anthony Harrup

MEXICO CITY--Mexican building materials company Cemex posted double-digit growth in sales and operating profit for the fourth quarter, while reporting a net loss on impairments.

Sales in the October-December quarter rose 11% from the year-earlier period to $4.18 billion, supported by higher prices and increased volume for cement and aggregates, while ready-mix concrete volumes fell.

Earnings before interest, taxes, depreciation and amortization increased 16% to $781 million, which reflected cost efficiencies and an improvement in Mexican operations in the second half of the year, Cemex said. Operating profit rose 22% to $457 million.

Net loss for the quarter was $356 million, compared with a $48 million profit in the fourth quarter of 2024, the result of a goodwill impairment and asset writedown.

Cemex said its board of directors has proposed to increase dividend payments this year by about 40% to $180 million, and that the company intends to spend up to $500 million on share buybacks over the next three years.

For 2026, the Monterrey, Mexico-based company expects Ebitda growth in the high single digits. Expected capital expenditures for this year include $900 million for maintenance, $300 million for growth and $210 million investment in intangible assets.

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

February 05, 2026 07:27 ET (12:27 GMT)

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