Grupo Simec Reports 10% Drop in Net Sales for First Nine Months of 2025
Grupo Simec SAB de CV reported a 10% drop in net sales for the first nine months of 2025, totaling Ps. 22,320 million, down from Ps. 24,828 million in 2024. This decline was due to a 9% reduction in finished steel shipments and a 1% decrease in average sales price. However, net sales for Q3 2025 increased by 6% to Ps. 7,485 million. The company faced a net loss of Ps. 2,229 million in comprehensive financial costs, contrasting with a net income of Ps. 4,907 million in the same period of 2024, primarily due to a shift from net exchange income to loss.
Grupo Simec SAB de CV reported net sales of Ps. 22,320 million for the first nine months of 2025, a decrease of 10% compared to Ps. 24,828 million in the same period of 2024. This decline was attributed to a 9% reduction in shipments of finished steel products and a 1% lower average sales price. Shipments totaled 1.4 million tons for the first nine months of 2025, down from 1.536 million tons a year earlier. For the third quarter of 2025, net sales increased by 6% to Ps. 7,485 million from Ps. 7,052 million in the second quarter. EBITDA for the third quarter of 2025 was Ps. 1,428 million, compared to Ps. 1,020 million in the previous quarter. Comprehensive financial cost for the first nine months of 2025 amounted to a net loss of Ps. 2,229 million, compared with net income of Ps. 4,907 million in the same period of 2024. This was mainly due to a shift from a net exchange income of Ps. 3,799 million in the first nine months of 2024 to a net exchange loss of Ps. 3,050 million in 2025. As of September 30, 2025, total consolidated debt stood at US$302,000 in medium-term notes, equivalent to Ps. 5.5 million, with accrued interest of US$863,000, or Ps. 15.8 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grupo Simec SAB de CV published the original content used to generate this news brief via PR Newswire (Ref. ID: MX08485) on October 27, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
