Recent Updates — SIM

Grupo Simec reported a 428% increase in net income attributable to controlling interests, rising from Ps. 763 million in the prior-year period to Ps. 4,028 million for the first nine months of 2026. The surge was primarily driven by a reversal of foreign exchange losses into a Ps. 280 million gain, compared to a Ps. 3,050 million loss in 2025. Net sales grew 10% to Ps. 24,569 million, supported by a 14% increase in finished steel shipments to 1.597 million tons, partially offset by a 4% decline in average selling prices. Gross profit increased 9% to Ps. 5,933 million, while EBITDA rose 3% to Ps. 4,724 million. The company operates in the steel manufacturing industry.

Grupo Simec reported net income of Ps. 2,317 million for the first six months ended June 30, 2026, a 662% increase from Ps. 304 million in the prior year period. Net sales rose 9% to Ps. 16,186 million, driven by a 16% volume increase in finished steel shipments to 1.046 million tons, partially offset by a 6% decline in average selling prices. Operating profit grew 5% to Ps. 2,763 million, while EBITDA increased 6% to Ps. 3,354 million. The significant earnings improvement was primarily attributable to a reduction in net foreign exchange losses from Ps. 2,332 million in 2025 to Ps. 365 million in 2026. The company operates in the steel manufacturing industry.