GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2025.

Rhea-AI Summary

Grupo Simec (NYSE: SIM) reported audited results for the twelve months ended December 31, 2025. Net sales fell 10% to Ps. 30,291 million; cost of sales fell 12% to Ps. 22,783 million; net income declined 86% to Ps. 1,496 million. The change reflects a Ps. 3,607 million exchange loss in 2025 versus a Ps. 5,556 million exchange gain in 2024.

Shipments totaled 1,933 thousand tons (down 6%); EBITDA was Ps. 6,287 million (down 1%); gross margin rose to 25% in 2025 from 23% in 2024.

Positive

• Cost of sales decreased by 12% to Ps. 22,783 million
• Gross margin improved to 25% in 2025 from 23% in 2024
• EBITDA of Ps. 6,287 million remained near prior-year levels (down 1%)

Negative

• Net sales declined 10% to Ps. 30,291 million year-over-year
• Net income controlling interest dropped 86% to Ps. 1,496 million
• Sales outside Mexico fell 14% to Ps. 13,234 million
• Shipments of finished steel decreased 6% to 1,933 thousand tons
• Net foreign exchange swung to a loss of Ps. 3,607 million in 2025 from a Ps. 5,556 million gain in 2024

Market Context

This announcement details audited full-year 2025 and Q4 results, with net sales down 10% and net inc...

Analysis

This announcement details audited full-year 2025 and Q4 results, with net sales down 10% and net income dropping 86%, mainly from a shift to FX losses, while EBITDA held near prior-year levels at Ps. 6,287 million. Q4 EBITDA improved to Ps. 1,694 million, showing sequential recovery. Investors may track future currency effects, steel demand volumes, and cost-per-ton trends, along with any changes in the company’s minimal medium-term note debt profile.

Key Figures

Net sales 2025: Ps. 30,291 million Net income 2025: Ps. 1,496 million EBITDA 2025: Ps. 6,287 million +5 more

8 metrics

Net sales 2025 Ps. 30,291 million Twelve months ended Dec 31, 2025; down 10% vs 2024

Net income 2025 Ps. 1,496 million Controlling interest; down 86% vs 2024

EBITDA 2025 Ps. 6,287 million Twelve months ended Dec 31, 2025; 1% below 2024

Shipments 2025 1,933 thousand tons Total sales volume; 6% below 2024

Cost per ton 2025 Ps. 11,786 Average cost per ton; 7% lower than 2024

Q4 2025 EBITDA Ps. 1,694 million Fourth quarter 2025; up vs Ps. 1,428m in Q3 and Ps. 1,178m in Q4 2024

Q4 2025 net income Ps. 733 million Controlling interest; up vs Ps. 459m in Q3 2025, below Ps. 1,901m in Q4 2024

Medium-term notes Ps. 5.4 million Total consolidated debt in MTN’s as of Dec 31, 2025

Historical Context

1 past event · Latest: Feb 19 (Negative)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 19	Full-year results	Negative	+4.8%	Reported 2025 revenue and earnings declines with currency-driven net income drop.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Limited data: a prior 2025 results release saw a positive reaction despite weaker earnings, contrasting with today’s decline.

Recent Company History

Over the last six months, SIM’s main disclosed catalyst was full-year 2025 results on Feb 19, 2026, showing a 10% sales decline and an 85% drop in net income but resilient gross profit and slightly higher EBITDA. The stock rose 4.77% then, suggesting markets initially focused on margin stability. Today’s audited 2025 figures reiterate weaker earnings but now coincide with a sharp price drop, indicating a more cautious market stance.

Key Terms

ebitda, medium-term notes

2 terms

ebitda financial

"The EBITDA of the Company decreased 1% from Ps. 6,367 million..."

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

medium-term notes financial

"Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes"

Medium-term notes are debt securities issued by companies, banks or governments that promise to pay interest and return principal at a set date a few years out—typically longer than short-term bills but shorter than long-term bonds. For investors they act like staggered IOUs that provide predictable income and help diversify holdings, but they carry credit and interest-rate risk and can affect a portfolio’s cash flow and stability depending on the issuer’s creditworthiness and the note’s term.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUADALAJARA, Mexico, April 30, 2026 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2025 Audited.

Twelve-Month Period Ended December 31, 2025 compared to Twelve-Month Period Ended December 31, 2024, Audited.

Net Sales
Net sales decreased 10% because of the combination of 6% less shipments of finished steel products and a 4% lower average sales prices compared to the same period of 2024, the sales decreased from Ps. 33,658 million in the twelve-month period ended December 31, 2024 to Ps. 30,291 million in the same period of 2025. Shipments of finished steel products decreased to 1 million 933 thousand tons in the twelve-month period ended December 31, 2025 compared to 2 million 56 thousand tons in the same period of 2024. Total sales outside of Mexico on the twelve-month period ended December 31, 2025 decreased 14% to Ps. 13,234 million compared with Ps. 15,388 million in the same period of 2024. Total sales in Mexico decreased 7% from Ps. 18,270 million in the twelve-month period ended December 31, 2024 to Ps. 17,057 million in the same period of 2025.

Cost of Sales
Cost of sales decreased 12% from Ps. 26,033 million in the twelve-month period ended December 31, 2024 to Ps. 22,783 million in the same period of 2025. Cost of sales as a percentage of net sales represented 75% and 77%, respectively, for the periods 2025 and 2024. The average cost of finished steel produced in the twelve-month period ended December 31, 2025 compared to the same period of 2024 decreased 7% mainly due to lower scrap costs.

Gross Profit
Gross profit of the Company in the twelve-month period ended December 31, 2025 was of Ps. 7,508 million compared to Ps. 7,625 million in the same period of 2024. Gross profit as a percentage of net sales represented 25% and 23% respectively, for the periods 2025 and 2024.

Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 9% from Ps. 2,603 million in the twelve-month period ended December 31, 2024 to Ps. 2,829 million in the same period of 2025. Selling, general and administrative expenses as a percentage of net sales represented 8% during the twelve-month period ended December 31, 2024 and 9% in the same period of 2025.

Other Expenses (Income) net 
The company recorded other net income of Ps. 279 million in the twelve-month period ended December 31, 2024 compared to other net income of Ps. 526 million in the same period of 2025.

Operating Profit
Operating income decreased 2% from Ps. 5,301 million for the twelve-month period ended December 31, 2024 to Ps. 5,205 million in the same period of 2025. Operating profit as a percentage of net sales represented 17% and 16% for the 2025 and 2024 periods respectively.

EBITDA
The EBITDA of the Company decreased 1% from Ps. 6,367 million in the twelve-month prior ended December 31, of 2024, (result of net income of Ps. 10,488, less minority stake of Ps. 7 million, plus income taxes of Ps. 2,060 million, less comprehensive financial income of Ps. 7,240 million, plus depreciation of Ps. 1,066 million), to an EBITDA of Ps. 6,287 million in the same period of 2025 (result of net income of Ps. 1,496 less minority stake of Ps. 1 million, plus income taxes of Ps. 1,212 million, plus comprehensive financial cost of Ps. 2,498 million, plus depreciation of 1,082 million).

Consolidated
Million		Twelve-month period ended December 31,
		2025				2024
Net income (loss) controlling interest			1,496				10,488
Income (loss) attributable to noncontrolling interests			(1)				(7)
Net income (loss)			1,495				10,481
Depreciation and amortization			1,082				1,066
Income taxes			1,212				2,060
Financial results (income) loss			2,498				(7,240)
EBITDA			6,287				6,367

Comprehensive Financial Income (Cost)
Comprehensive financial cost in the twelve-month period ended December 31, 2025 represented a net expense of Ps. 2,498 million compared with a net income of Ps. 7,240 million in the same period of 2024. The net interest was an income of Ps. 1,060 million in 2025 compared with a net interest income of Ps. 1,616 million in the twelve-month period ended December 31, 2024. We registered a net exchange loss of Ps. 3,607 million in the twelve-month period ended December 31, 2025 compared with an exchange net profit of Ps. 5,556 million in the same period of 2024, net other financial income was recorded for Ps. 49 million for the period 2025 compared to the Ps. 68 million of other financial income for the period 2024.

Income Taxes
The Company recorded an expense net tax of Ps. 1,212 million in the twelve-month period ended December 31, 2025 (including the income of deferred tax of Ps. 53 million) compared with a net expense tax of Ps. 2,060 million in the same period of 2024 (including the income of deferred tax of Ps. 293 million).

Net Income (loss)
As a result of the foregoing, net income decreased by 86% from Ps. 10,488 million in the twelve-month period ended December 31, 2024 to Ps. 1,496 million in the same period of 2025. mainly because the net exchange profit of Ps. 5,556 million recorded in the twelve-month period ended December 31, 2024 became a net exchange loss of Ps. 3,607 million in the twelve-month period ended December 31, 2025.

Liquidity and Capital Resources
As of December 31, 2025, Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes ("MTN's") due 1998, Ps. 5.4 million (accrued interest on December 31, 2025 was U.S. $870,134 or Ps. 15.6 million).  As of December 31, 2024, Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes ("MTN's") due 1998, Ps. 6.2 million (accrued interest on December 31, 2024 was U.S. $841,577, or Ps. 17.3 million).

Comparative fourth quarter 2025 vs third quarter 2025

Net Sales 
Net sales increased from Ps. 7,485 million in the third quarter of 2025 to Ps. 7,972 million for the fourth quarter of 2025. Sales in tons increased 7% from 499 thousand ton in the third quarter of 2025 to 532 thousand tons in the fourth quarter of the same year. Total sales outside of Mexico for the fourth quarter of 2025 increased 10% from Ps. 3,178 million in the third quarter to Ps. 3,484 million in the four quarter of 2025. Sales in Mexico increased 4% to Ps. 4,488 million in the fourth quarter of 2025 compared Ps. 4,307 million in the third quarter of 2025. Prices of finished products sold in the fourth quarter of 2025 remained similar compared with the third quarter of the same period.

Cost of Sales
Cost of sales increased to Ps. 5,890 million in the fourth quarter of 2025 compared to Ps. 5,726 million for the third quarter of 2025. With respect to sales, in the fourth quarter of 2025, the cost of sales represented 74%, compared to 77% in the third quarter of the same period. The average cost of sales by ton decreased by 4% in the fourth quarter of 2025 versus the third quarter of 2025.

Gross Profit
Gross profit of the Company for the fourth quarter of 2025 increased 18% to Ps. 2,082 million compared to Ps. 1,759 million in the third quarter of 2025. The gross profit as a percentage of net sales for the third and fourth quarter of 2025 was of 23% and 26% respectively.

Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 9% to Ps. 794 million in the fourth quarter of 2025 compared to Ps. 728 million for the third quarter of 2025. Selling, general and administrative expenses as a percentage of net sales represented 10% for both periods of 2025.

Other Expenses (Income) net 
The company recorded other net income of Ps. 134 million in the fourth quarter of 2025 compared to other net income of Ps. 128 million for the third quarter of 2025.

Operating Profit
Operating income was of Ps. 1,422 million in the fourth quarter of 2025 compared to an operating profit of Ps. 1,159 million in the third quarter of 2025. The operating profit as a percentage of net sales represented 18% and 15% for the fourth quarter and third quarter of 2025 respectively.

EBITDA
The EBITDA was Ps. 1,428 million in the third quarter of 2025 (result of net income of Ps. 459 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 317 million, plus comprehensive financial cost of Ps. 384 million, plus depreciation of Ps. 269 million), compared to an EBITDA of Ps. 1,694 million for the fourth quarter of 2025, (result of net income of Ps. 733 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 419 million, plus comprehensive financial cost of Ps. 269 million, plus depreciation of Ps. 272 million).           

Consolidated
Million		Fourth quarter 2025 vs Third quarter 2025
		4Q 2025				3Q 2025
Net income (loss) controlling interest			733				459
Income (loss) attributable to noncontrolling interests			1				(1)
Net income (loss)			734				458
Depreciation and Amortization			272				269
Income taxes			419				317
Financial results (income) loss			269				384
EBITDA			1,694				1,428

Comprehensive Financial Income (Cost)
Comprehensive financial cost for the fourth quarter for 2025 was a net expense of Ps. 269 million compared with a net expense of Ps. 384 million for the third quarter of 2025. The net interest income for the fourth quarter was Ps. 238 million compared with a net interest income of Ps. 334 million in the third quarter of 2025. At the same time, we registered an exchange net loss of Ps. 718 million in the third quarter of 2025 compared with an exchange net loss of Ps. 556 million in the fourth quarter of 2025. Net other financial income was recorded for Ps. 49 million in the fourth quarter of 2025.

Income Taxes
Income Taxes for the third quarter of 2025 was a net expense of Ps. 317 million (including an income of deferred tax for Ps. 22 million) compared to an expense of Ps. 419 million for the fourth quarter of 2025, (including the income of deferred tax of Ps. 123 million).

Net Income (loss) 
As a result of the foregoing, the Company recorded a net income of Ps. 733 million in the fourth quarter of 2025 compared to Ps. 459 million of net income in the third quarter of 2025.

Comparative fourth quarter 2025 vs fourth quarter 2024

Net Sales
Net sales decreased 10% from Ps. 8,830 million for the fourth quarter of 2024 to Ps. 7,972 million for the fourth quarter of 2025. Sales in tons of finished steel in the fourth quarter of 2024 were 520 thousand tons versus to 532 thousand tons in the fourth quarter of 2025. Total sales outside of Mexico decreased 21% from Ps. 4,410 million for the fourth quarter of 2024 to Ps. 3,484 million in the fourth quarter of 2025. Sales in Mexico increased 2% from Ps. 4,420 million in the fourth quarter of 2024 to Ps. 4,488 million in the fourth quarter of 2025. The average sales prices of finished products sold in the fourth quarter of 2025 decreased 12%, compared to the same period of 2024.

Cost of Sales
Cost of sales decreased 20% from Ps. 7,408 million in the fourth quarter of 2024 to Ps. 5,890 million for the fourth quarter of 2025. With respect to sales, the cost of sales represented 74% during the fourth quarter of 2025 and 84% during the fourth quarter of 2024. The average cost of steel products decreased 22% in the fourth quarter of 2025 versus the fourth quarter of 2024.

Gross Profit
Gross profit for the fourth quarter of 2025 increased 46% from Ps. 1,422 million in the fourth quarter of 2024 to Ps. 2,082 million in the fourth quarter of 2025. The gross profit as a percentage of net sales represented 16% in the fourth quarter of 2024 compared to 26% in the fourth quarter of 2025.

Selling, General and Administrative Expenses
Selling, general and administrative expenses increased 3% from Ps. 768 million in the fourth quarter of 2024 to Ps. 794 million in the fourth quarter of 2025. Selling, general and administrative expenses as a percentage of net sales for the fourth quarter of 2024 was of 9% compared to 10% in the fourth quarter 2025.

Other Expenses (Income) net 
The company recorded other income net of Ps. 207 million in the fourth quarter of 2024 compared with other income net of Ps. 134 million in the fourth quarter of 2025.

Operating Profit
Operating income was of Ps. 1,422 million in the fourth quarter of 2025 compared to an operating profit of Ps. 861 million in the fourth quarter of 2024. The operating profit as a percentage of net sales in the fourth quarter of 2025 was 18%, compared to 10% in the fourth quarter of 2024.

EBITDA
The EBITDA was Ps. 1,178 million in the fourth quarter of 2024 (result of net income of Ps. 1,901 million, less minority stake of Ps. 5 million, plus income taxes of Ps. 1,298 million, less comprehensive financial income of Ps. 2,333 million, plus depreciation of Ps. 317 million), compared to an EBITDA of Ps 1,694 million in the fourth quarter of 2025 (result of net income of Ps. 733 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 419 million, plus comprehensive financial cost of Ps. 269 million, plus depreciation of Ps. 272 million).

Consolidated
Million		Fourth quarter 2025 vs Fourth quarter 2024
		4Q 2025				4Q 2024
Net income (loss) controlling interest			733				1,901
Income (loss) attributable to noncontrolling interests			1				(5)
Net income (loss)			734				1,896
Depreciation and Amortization			272				317
Income taxes			419				1,298
Financial results (income) loss			269				(2,333)
EBITDA			1,694				1,178

Comprehensive Financial Income (Cost)
Comprehensive financial cost for the fourth quarter of 2025 was a net expense of Ps. 269 million compared with a net income of Ps 2,333 million in the fourth quarter of 2024. Net interest income was of Ps. 238 million in the fourth quarter of 2025 compared with a net interest income of Ps. 550 million in the fourth quarter of 2024. At the same time, we registered a net exchange loss of Ps. 556 million in the fourth quarter of 2025 compared with an exchange profit of Ps. 1,757 million in the fourth quarter of 2024. Net other financial income was recorded for Ps. 49 million in the fourth quarter of 2025, compared to the Ps. 26 million for the same period of 2024.

Income Taxes
The Company recorded a net taxes expense for the fourth quarter of 2025 of Ps. 419 million (including an income of deferred tax of Ps. 123 million), compared to a net tax expense of Ps. 1,298 million for the fourth quarter of 2024, (including a tax deferred income of Ps. 205 million).

Net Income (loss)
As a result of the foregoing, the Company recorded a net profit of Ps. 733 million in the fourth quarter of 2025 compared to Ps. 1,901 million of net profit in the fourth quarter of 2024; mainly explained because the net exchange profit of Ps. 1,757 million recorded in the fourth quarter of 2024 became a net exchange loss of Ps. 556 million in the fourth quarter of 2025.

Twelve-Month
(million of pesos)	Jan - Dec '25		Jan - Dec '24				Year 25 vs  '24
Sales	30,291		33,658				(10 %)
Cost of Sales	22,783		26,033				(12 %)
Gross Profit	7,508		7,625				(2 %)
Selling, General and Administrative Expense	2,829		2,603				9 %
Other Income (Expenses), net	526		279				89 %
Operating Profit	5,205		5,301				(2 %)
EBITDA	6,287		6,367				(1 %)
Net income Controlling interest	1,496		10,488				(86 %)
Sales Outside Mexico	13,234		15,388				(14 %)
Sales in Mexico	17,057		18,270				(7 %)
Total Sales (Tons Thousands)	1,933		2,056				(6 %)
Cost per ton (Pesos)	11,786		12,662				(7 %)

 

Quarter
(million of pesos)	4Q'25	3Q '25	4Q '24	4Q´25vs 3Q´25	4Q´25 vs 4Q '24
Sales	7,972	7,485	8,830	7 %	(10 %)
Cost of Sales	5,890	5,726	7,408	3 %	(20 %)
Gross Profit	2,082	1,759	1,422	18 %	46 %
Selling, General and Adm. Expenses	794	728	768	9 %	3 %
Other Income (Expenses), net	134	128	207	5 %	(35 %)
Operating Profit	1,422	1,159	861	23 %	65 %
EBITDA	1,694	1,428	1,178	19 %	44 %
Net Income Controlling interest	733	459	1,901	60 %	(61 %)
Sales Outside Mexico	3,484	3,178	4,410	10 %	(21 %)
Sales in Mexico	4,488	4,307	4,420	4 %	2 %
Total Sales (Tons Thousands)	532	499	520	7 %	2 %
Cost per Ton (pesos)	11,071	11,475	14,246	(4 %)	(22 %)

 

Product	Thousands of Tons Jan-Dec 2025	Millions of Pesos Jan-Dec 2025	Average Price per Ton Jan-Dec 2025	Thousands of Tons Jan – Dec 2024	Millions of Pesos Jan- Dec 2024	Average Price per Ton  Jan-Dec 2024
Special Bar Quality SBQ	500	10,041	20,082	520	10,133	19,487
Commercial Long Steel	1,433	20,250	14,131	1,536	23,525	15,316
Total	1,933	30,291	15,670	2,056	33,658	16,371

 

Product	Thousands of Tons Oct-Dec 2025	Millions of Pesos Oct-Dec 2025	Average Price per Ton Oct-Dec 2025	Thousands of Tons Jul-Sep 2025	Millions of Pesos Jul-Sep 2025	Average Price per Ton Jul-Sep 2025	Thousands of Tons Oct-Dec 2024	Millions of Pesos Oct-Dec 2024	Average Price per Ton Oct-Dec 2024
Special Bar Quality SBQ	122	2,317	18,992	118	2,392	20,271	117	2,480	21,197
Commercial Long Steel	410	5,655	13,793	381	5,093	13,367	403	6,350	15,757
Total	532	7,972	14,985	499	7,485	15,000	520	8,830	16,981

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.

FAQ

What drove Grupo Simec (SIM) net income down in 2025?

Net income fell by 86% to Ps. 1,496 million mainly due to foreign-exchange results. According to the company, a Ps. 3,607 million exchange loss in 2025 replaced a Ps. 5,556 million exchange gain in 2024, materially reducing reported profit.

How did Grupo Simec (SIM) sales perform for the twelve months ended December 31, 2025?

Net sales decreased 10% to Ps. 30,291 million year-over-year. According to the company, the decline reflected 6% lower shipments and a 4% reduction in average sales prices versus 2024.

What was Grupo Simec (SIM) EBITDA and what does it indicate for 2025?

EBITDA was Ps. 6,287 million, down 1% versus 2024. According to the company, operating performance and lower cost per ton helped sustain EBITDA despite weaker top-line sales and adverse exchange effects.

How did Grupo Simec (SIM) perform in international markets in 2025?

Sales outside Mexico fell 14% to Ps. 13,234 million for 2025. According to the company, lower international volumes and prices contributed to the decline compared with the prior year.

Did Grupo Simec (SIM) improve margins in 2025 despite lower sales?

Yes; gross margin rose to 25% in 2025 from 23% in 2024. According to the company, lower scrap and reduced cost per ton helped improve gross profit as a percentage of sales.