Gerard Fort

Gerard Fort sought clarification on why Pacasmayo recognized PEN 77-80 million in expenses related to the Holcim transaction, considering Holcim is acquiring ASPI's stake and the deal is still pending approval, asking what obligations necessitated these costs.

Answer

CEO Humberto Nadal reiterated that the decision was made by the board, stemming from pre-existing change-of-control contracts. He emphasized that the transaction, including the subsequent OPA, is expected to benefit all shareholders.

Gerard Fort from AFP Integra followed up by requesting guidance on expected revenue growth and EBITDA margins for 2026.

Answer

CEO Humberto Nadal expressed optimism for stronger volumes in 2026 compared to 2025, which was a record EBITDA year. He anticipates competitive pricing will maintain good margins, with EBITDA margins remaining stable and potentially increasing in the second half of 2026 due to efficiency improvements, particularly in energy.