GUADALAJARA, Mexico, July 28, 2026 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) (BMV: SIMEC-B) ("Simec") announced today its results of operations for the first sixth-month period ended June 30th, 2026.
First sixth-month period ended June 30th, 2026 compared to first sixth-month period ended June 30th, 2025.
Net Sales
Net sales increased 9% because of the combination of 16% increase shipments of finished steel products and a 6% lower average sales price compared to the same period of 2025, the sales increased from Ps. 14,835 million in the first sixth-month period ended June 30th, 2025 to Ps. 16,186 million in the same period of 2026. Shipments of finished steel products increased to 1 million 46 thousand tons in the first sixth-month period ended June 30th, 2026 compared to 901 thousand tons in the same period of 2025. Total sales outside of Mexico on the first sixth-month period ended June 30th, 2026 increased 2% to Ps. 6,725 million compared with Ps. 6,573 million in the same period of 2025. Total sales in Mexico increased 15% from Ps. 8,262 million in the First sixth-month period ended June 30th, 2025 to Ps. 9,461 million in the same period of 2026.
Cost of Sales
Cost of sales increased 8% from Ps. 11,167 million in the first sixth-month period ended June 30th, 2025 to Ps. 12,014 million in the same period of 2026. Cost of sales as a percentage of net sales represented 74% and 75%, respectively, for the periods 2026 and 2025. The cost of sales increased, due to a higher volume of products shipped.
Gross Profit
Gross profit of the Company in the first sixth-month period ended June 30th, 2026 was of Ps. 4,172 million compared to Ps. 3,668 million in the same period of 2025. Gross profit as a percentage of net sales represented 26% and 25% respectively, for the periods 2026 and 2025.
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 11% from Ps. 1,307 million in the first sixth-month period ended June 30th, 2025 to Ps. 1,445 million in the same period of 2026. Selling, general and administrative expenses as a percentage of net sales represented 9% in both periods.
Other Expenses (Income) net
The company recorded other net income of Ps. 263 million in the first sixth-month period ended June 30th, 2025 compared to other net income of Ps. 36 million in the same period of 2026.
Operating Profit
Operating income increased 5% from Ps. 2,624 million for the first sixth-month period ended June 30th, 2025 to Ps. 2,763 million in the same period of 2026. Operating profit as a percentage of net sales represented 17% and 18% for the 2026 and 2025 periods respectively.
EBITDA
The EBITDA of the Company increased 6% from Ps. 3,165 million in the sixth-month period ended June 30, of 2025, (result of net income of Ps. 304, less minority stake of Ps. 1 million, plus income taxes of Ps. 476 million, plus comprehensive financial cost of Ps. 1,845 million, plus depreciation of Ps. 541 million), to an EBITDA of Ps. 3,354 million in the same period of 2026 (result of net income of Ps. 2,317 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 499 million, less comprehensive financial income of Ps. 53 million, plus depreciation of 592 million).
Consolidated
Million First sixth-month period ended June 30th,
--------------------------------------------
2026 2025
---------------------- --------------------
Net income (loss)
controlling interest 2,317 304
--------------------- --------------------
Income (loss)
attributable to
noncontrolling
interests (1) (1)
--------------------- --------------------
Net income (loss) 2,316 303
--------------------- --------------------
Depreciation and
amortization 592 541
Income taxes 499 476
Financial results
(income) loss (53) 1,845
--------------------- --------------------
EBITDA 3,354 3,165
Comprehensive Financial Income (Cost)
Comprehensive financial income in the first sixth-month period ended June 30th, 2026 represented a net income of Ps. 53 million compared with a net expense of Ps. 1,845 million in the same period of 2025. The net interest was an income of Ps. 397 million in 2026 compared with a net interest income of Ps. 487 million in the first sixth-month period ended June 30th, 2025. We registered a net exchange loss of Ps. 365 million in the first sixth-month period ended June 30th, 2026 compared with an exchange net loss of Ps. 2,332 million in the same period of 2025, net other financial income was recorded for Ps. 21 million for the period 2026.
Income Taxes
The Company recorded a net tax expense of Ps. 499 million in the first sixth-month period ended June 30th, 2026 (including the income of deferred tax of Ps. 14 million) compared with a net tax expense of Ps. 476 million in the same period of 2025 (including a deferred tax expense of Ps. 93 million).
Net Income (loss)
As a result of the foregoing, net income increased by 662% from Ps. 304 million in the first sixth-month period ended June 30th, 2025 to Ps. 2,317 million in the same period of 2026. mainly because of the net exchange loss of Ps. 2,332 million recorded in the first sixth-month period ended June 30th, 2025 became a net exchange loss of Ps. 365 million in the first sixth-month period ended June 30th, 2026.
Liquidity and Capital Resources
As of June 30, 2026, Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes ("MTN's") due 1998, Ps. 5.3 million (accrued interest on June 30, 2026 was U.S. $ 884 thousand dollars or Ps. 15.5 million). As of June 30, 2025, Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes ("MTN's") due 1998, Ps. 5.7 million (accrued interest on June 30, 2025 was U.S. $ 856 thousand dollars or Ps. 16.1 million).
Second quarter 2026 vs first quarter 2026
Net Sales
Net sales increased from Ps. 8,032 million in the first quarter of 2026 to Ps. 8,154 million for the second quarter of 2026. Sales in tons decreased 3% from 530 thousand ton in the first quarter of 2026 to 516 thousand tons in the second quarter of the same year. Total sales outside of Mexico for the second quarter of 2026 decreased 1% from Ps. 3,385 million in the first quarter to Ps. 3,340 million in the second quarter of 2026. Sales in Mexico increased 4% to Ps. 4,814 million in the second quarter of 2026 compared Ps. 4,647 million in the first quarter of 2026. Prices of finished products sold in the second quarter of 2026 increased 4% compared with the first quarter of the same year.
Cost of Sales
Cost of sales increased to Ps. 6,117 million in the second quarter of 2026 compared to Ps. 5,897 million for the first quarter of 2026. With respect to sales, in the second quarter of 2026, the cost of sales represented 75%, compared to 73% in the first quarter of the same period. The average cost of sales by ton increased by 7% in the second quarter of 2026 versus the first quarter of 2026.
Gross Profit
Gross profit of the Company for the second quarter of 2026 decreased 5% to Ps. 2,037 million compared to Ps. 2,135 million in the first quarter of 2026. The gross profit as a percentage of net sales for the first and second quarter of 2026 was of 27% and 25% respectively.
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 4% to Ps. 736 million in the second quarter of 2026 compared to Ps. 709 million for the first quarter of 2026. Selling, general and administrative expenses as a percentage of net sales represented 9% in both periods of 2026.
Other Expenses (Income) net
The company recorded other net expenses of Ps. 3 million in the second quarter of 2026 compared to other net income of Ps. 39 million for the first quarter of 2026.
Operating Profit
Operating income was of Ps. 1,298 million in the second quarter of 2026 compared to an operating profit of Ps. 1,465 million in the first quarter of 2026. The operating profit as a percentage of net sales represented 16% and 18% for the second quarter and first quarter of 2026 respectively.
EBITDA
EBITDA was Ps. 1,754 million in the first quarter of 2026 (result of net income of Ps. 1,706 million, plus income taxes of Ps. 71 million, less comprehensive financial income of Ps. 312 million, plus depreciation of Ps. 289 million), compared to an EBITDA of Ps. 1,600 million for the second quarter of 2026, (result of net income of Ps. 611 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 428 million, plus comprehensive financial cost of Ps. 259 million, plus depreciation of Ps. 303 million).
Consolidated
Million Second quarter 2026 vs First quarter 2026
------------------------------------------
2Q 2026 1Q 2026
----------------------- -----------------
Net income (loss)
controlling interest 611 1,706
---------------------- -----------------
Income (loss)
attributable to
noncontrolling
interests (1) 0
---------------------- -----------------
Net income (loss) 610 1,706
---------------------- -----------------
Depreciation and
Amortization 303 289
Income taxes 428 71
Financial results
(income) loss 259 (312)
---------------------- -----------------
EBITDA 1,600 1,754
Comprehensive Financial Income (Cost)
Comprehensive financial income for the second quarter for 2026 was a net expense of Ps. 259 million compared with a net income of Ps. 312 million for the first quarter of 2026. The net interest income for the second quarter was Ps. 299 million compared with a net interest income of Ps. 99 million in the first quarter of 2026. At the same time, we registered an exchange net income of Ps. 213 million in the first quarter of 2026 compared with an exchange net loss of Ps. 579 million in the second quarter of 2026. Net other financial income was recorded for Ps. 21 million in the second quarter of 2026.
Income Taxes
Income Taxes for the first quarter of 2026 was a net expense of Ps. 71 million (including an income of deferred tax for Ps. 7 million) compared to an expense of Ps. 428 million for the second quarter of 2026, (including the income of deferred tax of Ps. 7 million).
Net Income (loss)
As a result of the foregoing, the Company recorded a net income of Ps. 611 million in the second quarter of 2026 compared to Ps. 1,706 million of net income in the first quarter of 2026.
Second quarter 2026 vs second quarter 2025
Net Sales
Net sales increased 16% from Ps. 7,052 million for the second quarter of 2025 to Ps. 8,154 million for the second quarter of 2026. Sales in tons of finished steel products in the second quarter of 2025 were 425 thousand tons versus to 516 thousand tons in the second quarter of 2026. Total sales outside of Mexico increased 8% from Ps. 3,104 million for the second quarter of 2025 to Ps. 3,340 million in the second quarter of 2026. Sales in Mexico increased 22% from Ps. 3,948 million in the second quarter of 2025 to Ps. 4,814 million in the second quarter of 2026. This increase is explained by a 21% higher volume of steel products shipped and a 5% decrease in the average sales price.
Cost of Sales
Cost of sales increased 14% from Ps. 5,381 million in the second quarter of 2025 to Ps. 6,117 million in the second quarter of 2026. With respect to sales, the cost of sales represented 75% during the second quarter of 2026 and 76% during the second quarter of 2025. The average cost of steel products decreased 6% in the second quarter of 2026 versus the second quarter of 2025.
Gross Profit
Gross profit for the second quarter of 2026 increased 22% from Ps. 1,671 million in the second quarter of 2025 to Ps. 2,037 million in the second quarter of 2026. The gross profit as a percentage of net sales represented 24% in the second quarter of 2025 compared to 25% in the second quarter of 2026.
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 9% from Ps. 674 million in the second quarter of 2025 to Ps. 736 million in the second quarter of 2026. Selling, general and administrative expenses as a percentage of net sales for the second quarter of 2025 was of 10% compared to 9% in the second quarter 2026.
Other Expenses (Income) net
The company recorded other income net of Ps. 201 million in the second quarter of 2025 compared with other expenses net of Ps. 3 million in the second quarter of 2026.
Operating Profit
Operating income was of Ps. 1,298 million in the second quarter of 2026 compared to an operating profit of Ps. 1,198 million in the second quarter of 2025. The operating profit as a percentage of net sales in the second quarter of 2026 was 16%, compared to 17% in the second quarter of 2025.
EBITDA
EBITDA was Ps. 1,473 million in the second quarter of 2025 (result of net loss of Ps. 1,000 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 297 million, plus comprehensive financial cost of Ps. 1,902 million, plus depreciation of Ps. 275 million), compared to an EBITDA of Ps 1,600 million in the second quarter of 2026 (result of net income of Ps. 611 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 428 million, plus comprehensive financial cost of Ps. 259 million, plus depreciation of Ps. 303 million).
Consolidated
Million Second quarter 2026 vs Second quarter 2025
--------------------------------------------
2Q 2026 2Q 2025
--------------------- ---------------------
Net income (loss)
controlling interest 611 (1,000)
-------------------- ---------------------
Income (loss)
attributable to
noncontrolling
interests (1) (1)
-------------------- ---------------------
Net income (loss) 610 (1,001)
-------------------- ---------------------
Depreciation and
Amortization 303 275
Income taxes 428 297
Financial results
(income) loss 259 1,902
-------------------- ---------------------
EBITDA 1,600 1,473
Comprehensive Financial Income (Cost)
Comprehensive financial income for the second quarter of 2026 was a net expense of Ps. 259 million compared with a net loss of Ps 1,902 million in the second quarter of 2025. Net interest income was of Ps. 299 million in the second quarter of 2026 compared with a net interest income of Ps. 274 million in the second quarter of 2025. At the same time, we registered a net exchange loss of Ps. 579 million in the second quarter of 2026 compared with an exchange loss of Ps. 2,176 million in the second quarter of 2025. Net other financial income was recorded for Ps. 21 million in the second quarter of 2026.
Income Taxes
The Company recorded a net tax expense in the second quarter of 2026 of Ps. 428 million (including an income of deferred tax of Ps. 7 million), compared to a net tax expense of Ps. 297 million for the second quarter of 2025, (including a tax deferred expense of Ps. 100 million).
Net Income (loss)
As a result of the foregoing, the Company recorded a net profit of Ps. 611 million in the second quarter of 2026 compared to Ps. 1,000 million of net loss in the second quarter of 2025; mainly explained because the net exchange loss of Ps. 2,176 million recorded in the second quarter of 2025 became a net exchange loss of Ps. 579 million in the second quarter of 2026.
Six-Month
----------------------------------------------------------------------
Year 26 vs
(million of pesos) Jan - Jun '26 Jan - Jun '25 '25
--------------------------- ------------- ------------- -----------
Sales 16,186 14,835 9 %
--------------------------- ------------- ------------- -----------
Cost of Sales 12,014 11,167 8 %
--------------------------- ------------- ------------- -----------
Gross Profit 4,172 3,668 14 %
--------------------------- ------------- ------------- -----------
Selling, General and
Administrative Expense 1,445 1,307 11 %
--------------------------- ------------- ------------- -----------
Other Income (Expenses),
net 36 263 (86 %)
--------------------------- ------------- ------------- -----------
Operating Profit 2,763 2,624 5 %
--------------------------- ------------- ------------- -----------
EBITDA 3,354 3,165 6 %
--------------------------- ------------- ------------- -----------
Net income Controlling
interest 2,317 304 662 %
--------------------------- ------------- ------------- -----------
Sales Outside Mexico 6,725 6,573 2 %
--------------------------- ------------- ------------- -----------
Sales in Mexico 9,461 8,262 15 %
--------------------------- ------------- ------------- -----------
Total Sales (Tons
Thousands) 1,046 901 16 %
--------------------------- ------------- ------------- -----------
Cost per ton (Pesos) 11,486 12,394 (7 %)
--------------------------- ------------- ------------- -----------
Quarter
---------------------------------- ------ ------ ------- ------- --------
2Q'26vs 2Q'26 vs
(million of pesos) 2Q'26 1Q '26 2Q '25 1Q'26 2Q '25
---------------------------------- ------ ------ ------- ------- --------
Sales 8,154 8,032 7,052 2 % 16 %
---------------------------------- ------ ------ ------- ------- --------
Cost of Sales 6,117 5,897 5,381 4 % 14 %
---------------------------------- ------ ------ ------- ------- --------
Gross Profit 2,037 2,135 1,671 (5 %) 22 %
---------------------------------- ------ ------ ------- ------- --------
Selling, General and Adm. Expenses 736 709 674 4 % 9 %
---------------------------------- ------ ------ ------- ------- --------
Other Income (Expenses), net (3) 39 201 N/C N/C
---------------------------------- ------ ------ ------- ------- --------
Operating Profit 1,298 1,465 1,198 (11 %) 8 %
---------------------------------- ------ ------ ------- ------- --------
EBITDA 1,600 1,754 1,473 (9 %) 9 %
---------------------------------- ------ ------ ------- ------- --------
Net Income Controlling interest 611 1,706 (1,000) (64 %) N/C
---------------------------------- ------ ------ ------- ------- --------
Sales Outside Mexico 3,340 3,385 3,104 (1 %) 8 %
---------------------------------- ------ ------ ------- ------- --------
Sales in Mexico 4,814 4,647 3,948 4 % 22 %
---------------------------------- ------ ------ ------- ------- --------
Total Sales (Tons Thousands) 516 530 425 (3 %) 21 %
---------------------------------- ------ ------ ------- ------- --------
Cost per Ton (pesos) 11,855 11,126 12,661 7 % (6 %)
---------------------------------- ------ ------ ------- ------- --------
Average Average
Thousands Millions Price per Thousands Millions Price per
of Tons of Pesos Ton of Tons of Pesos Ton
Jan-Jun Jan-Jun Jan-Jun Jan--Jun Jan-Jun Jan-Jun
Product 2026 2026 2026 2025 2025 2025
----------- --------- --------- --------- --------- ---------- ---------
Special Bar
Quality
SBQ 257 4,774 18,576 259 5,332 20,587
----------- --------- --------- --------- --------- ---------- ---------
Commercial
Long
Steel 789 11,412 14,464 642 9,503 14,802
----------- --------- --------- --------- --------- ---------- ---------
Total 1,046 16,186 15,474 901 14,835 16,465
----------- --------- --------- --------- --------- ---------- ---------
Average Average Average
Thousands Millions Price per Thousands Millions Price Thousands Millions Price
of Tons of Pesos Ton of Tons of Pesos per Ton of Tons of Pesos per Ton
Apr-Jun Apr-Jun Apr-Jun Jan-Mar Jan-Mar Jan-Mar Apr-Jun Apr-Jun Apr-Jun
Product 2026 2026 2026 2026 2026 2026 2025 2025 2025
----------- --------- -------- --------- --------- -------- ------- --------- -------- -------
Special Bar
Quality
SBQ 132 2,459 18,629 126 2,315 18,373 106 2,197 20,726
----------- --------- -------- --------- --------- -------- ------- --------- -------- -------
Commercial
Long
Steel 384 5,695 14,831 404 5,717 14,151 319 4,855 15,219
----------- --------- -------- --------- --------- -------- ------- --------- -------- -------
Total 516 8,154 15,802 530 8,032 15,155 425 7,052 16,593
----------- --------- -------- --------- --------- -------- ------- --------- -------- -------
Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information contained herein.
Contact: José Luis Tinajero Mario Moreno Cortez Grupo Simec, S.A.B. de C.V. Calzada Lázaro Cárdenas 601 44440 Guadalajara, Jalisco, México 52 55 1165 1028 52 33 3770 6734
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SOURCE Grupo Simec, S.A.B. de C.V.