Research analysts covering GRUPO SIMEC, S.A.B. de C.V..
Recent press releases and 8-K filings for SIM.
Grupo Simec Announces Q3 and Nine-Month 2025 Results
SIM
Earnings
Demand Weakening
- Grupo Simec's net sales decreased by 10% to Ps. 22,320 million for the first nine months of 2025 compared to the same period in 2024, primarily due to 9% less shipments of finished steel products and a 1% lower average sales price.
- Net income for the first nine months of 2025 plummeted by 91% to Ps. 763 million from Ps. 8,587 million in the prior year, largely due to a significant shift from net exchange income to a net exchange loss.
- For the third quarter of 2025, the company returned to profitability with a net income of Ps. 459 million, a notable improvement from the net loss of Ps. 1,000 million recorded in the second quarter of 2025.
- Operating profit decreased by 15% to Ps. 3,784 million for the first nine months of 2025 compared to the same period in 2024.
Oct 28, 2025, 3:10 PM
Grupo Simec Announces First Nine Months and Third Quarter 2025 Financial Results
SIM
Earnings
Demand Weakening
Profit Warning
- Grupo Simec reported a 91% decrease in net income to Ps. 763 million for the first nine months of 2025, down from Ps. 8,587 million in the same period of 2024, primarily due to a shift from a net exchange income to a net exchange loss.
- Net sales decreased 10% to Ps. 22,320 million for the first nine months of 2025 compared to Ps. 24,828 million in the first nine months of 2024, driven by 9% less shipments of finished steel products and a 1% lower average sales price.
- For the third quarter of 2025, net income was Ps. 459 million, representing an 85% decrease compared to Ps. 3,152 million in the third quarter of 2024, also influenced by a net exchange loss.
- EBITDA decreased 11% to Ps. 4,594 million for the first nine months of 2025 compared to Ps. 5,189 million in the same period of 2024.
Oct 27, 2025, 11:59 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more