Ternium Announces Third Quarter and First Nine Months of 2026 Results
Nine-month operating cash flow fell to $1,086 million from $1,786 million despite higher earnings.
Sentiment and the balance of points
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Rhea-AI Summary
Ternium (NYSE:TX) reported third-quarter 2026 adjusted EBITDA of $785 million, up 10% sequentially on higher steel volumes and margins. Net sales reached $4,644 million, versus $4,340 million in the prior quarter. Net income was $368 million, down from $465 million sequentially but reversing a $270 million year-earlier loss, after $116 million in deferred tax losses.
Operating cash flow was $613 million and capital spending totaled $398 million. September ended with $22 million in net cash, versus $112 million in net debt at June-end. The board approved an interim dividend of $0.90 per ADS, payable November 17, 2026, to holders of record November 16. Nine-month net income reached $1,205 million versus $132 million a year earlier. Ternium expects fourth-quarter adjusted EBITDA broadly in line with the third quarter, with slightly higher margin per ton offsetting a modest seasonal shipment decline.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThird-quarter adjusted EBITDA rose 10% sequentially to $785 million on higher steel volumes and margins.
- Moderate pointThird-quarter net sales reached $4,644 million, versus $4,340 million sequentially and $3,955 million a year earlier.
- Moderate pointThird-quarter operating income rose to $578 million from $528 million sequentially and $215 million a year earlier.
- Moderate pointThird-quarter net income was $368 million, versus $465 million sequentially and a $270 million year-earlier loss.
- Moderate pointNine-month net sales increased to $12,919 million from $11,834 million a year earlier.
- Moderate pointNine-month operating income rose to $1,396 million from $546 million a year earlier.
- Moderate pointNine-month net income rose to $1,205 million from $132 million a year earlier.
- Moderate pointThird-quarter operating cash flow reached $613 million, versus $256 million sequentially and $535 million a year earlier.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Interim dividend of $0.90 per ADS totals $177 million, payable November 17, 2026. 1.7% of market cap
- Moderate pointSteel segment cash operating income increased $104 million sequentially and $363 million year over year.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter margin per ton is expected to rise slightly; Ternium expects broadly unchanged adjusted EBITDA sequentially.
11 minor points
- Minor pointParent shareholders' third-quarter income was $279 million, or $1.42 per ADS, versus $344 million sequentially and $21 million a year earlier.
- Minor pointNine-month parent shareholders' income increased to $836 million from $303 million a year earlier.
- Minor pointNet cash of $22 million at September-end replaced $112 million in net debt at June-end.
- Minor pointMexico steel shipments increased sequentially and year over year across commercial and industrial customers.
- Minor pointBrazil and Southern Region steel shipments increased sequentially and remained relatively stable year over year.
- Minor pointPesquería slab mill construction continued according to plan, with third-quarter capital spending totaling $398 million.
- Minor pointCapital spending declined from $431 million sequentially and $711 million a year earlier.
- Minor pointNine-month capital spending declined to $1,235 million from $2,038 million a year earlier.
- Minor pointThird-quarter net financial results were a $6 million gain, including $12 million in foreign-exchange gains.
- Minor pointMining cash operating income rose slightly year over year, but declined sequentially on lower volumes and prices.
- Minor point. Forward-looking: it has not happened yet and may not happen.Mexico fourth-quarter revenue per ton is expected to increase; Ternium expects data-center and pipeline investments to add demand.
Negative
- Moderate pointDeferred tax losses of $116 million mainly reflected Mexican peso depreciation in the third quarter. 1.1% of market cap
- Moderate pointNine-month operating cash flow fell to $1,086 million from $1,786 million a year earlier.
- Moderate pointWorking capital absorbed $148 million in the third quarter and $798 million over nine months.
- Moderate pointSteel cost per ton increased, mainly reflecting higher raw-material and purchased-slab prices.
- Minor pointArgentine securities recorded a $74 million fair-value decline during the third quarter.
11 minor points
- Minor pointNon-current borrowings increased to $2,306 million at September-end from $1,815 million at December 31, 2025.
- Minor pointCurrent borrowings increased to $787 million at September-end from $604 million at December 31, 2025.
- Minor pointMining net sales declined 18% sequentially and slightly year over year in the third quarter.
- Minor pointMUSA operations were partly suspended temporarily following deterioration in iron ore export profitability.
- Minor pointOther Markets steel shipments decreased slightly year over year while remaining broadly stable sequentially.
- Minor point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter steel shipments are expected to decline modestly for seasonal reasons.
- Minor point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter cost per ton is expected to rise with raw-material and slab costs.
- Minor point. Forward-looking: it has not happened yet and may not happen.Brazil fourth-quarter outlook includes lower shipments, a less favorable sales mix and lower revenue per ton.
- Minor point. Forward-looking: it has not happened yet and may not happen.Brazil fourth-quarter costs per ton are expected to remain elevated, mainly reflecting raw-material and energy costs.
- Minor point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter iron ore sales volumes are expected to decline as MUSA operations remain partly idled.
- Minor pointArgentina demand remains weak for home appliances and automotive; construction has yet to recover.
News Explained
At
Key Figures
- Adjusted EBITDA
- $785 million; up 10%
- Third quarter of 2026; sequential increase
- Net income
- $368 million
- Third quarter of 2026
- Equity holders' net income
- $279 million; $1.42 per ADS
- Third quarter of 2026
- Interim dividend
- $0.90 per ADS ($0.09 per share); $177 million total
- Approved by the board
- Dividend dates
- November 17, 2026 payment; November 16, 2026 record date
- Interim dividend
- Cash from operating activities
- $613 million
- Third quarter of 2026
- Capital expenditures
- $398 million
- Third quarter of 2026
- Net cash
- $22 million
- At September 2026 quarter-end; compared with net debt of $112 million at June quarter-end
Historical Context
-
Q2 Adjusted EBITDA was $717 million, and Ternium expected higher EBITDA in Q3.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ias 34 technical
ifrs technical
deferred tax financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LUXEMBOURG, LU / ACCESS Newswire / November 3, 2026 / Ternium S.A. (NYSE:TX) today announced its results for the third quarter and first nine months ended September 30, 2026.
The financial information contained in this press release is based on Ternium S.A.'s consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS). Interim financial figures are unaudited. The financial and operational information is presented in U.S. dollars ($) and metric tons, except otherwise indicated. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Free Cash Flow, Net Debt and Net Cash. The reconciliation of these figures to the most directly comparable IFRS measures is included in Exhibit I.
Third Quarter of 2026 Highlights
Summary of Third Quarter of 2026
Third Quarter of 2026 Highlights
Ternium reported solid earnings in the third quarter of 2026, with adjusted EBITDA increasing sequentially by
In Mexico, shipments to the commercial market continued their upward trend in the third quarter, accompanied by higher sales volumes to industrial customers. Steel shipments also increased sequentially in Brazil and the Southern Region, while remaining relatively stable in Other Markets.
The company's net income in the third quarter of 2026 reached
U.S. dollar on Ternium's Mexican subsidiaries.
Capital expenditures amounted to
Interim Dividend Payment
Ternium's board of directors approved the payment of an interim dividend of
The interim dividend payment date will be November 17, 2026, with record date on November 16, 2026.
Outlook
Ternium anticipates Adjusted EBITDA in the fourth quarter of 2026 to remain broadly in line with the third quarter, as a modest seasonal decrease in steel shipments should be offset by a slightly higher margin per ton. Consolidated revenue per ton is expected to increase, more than offsetting higher cost per ton driven by raw material and slab costs.
In Mexico, revenue per ton should continue to increase, in line with steel price trends in North America. Ternium is gaining market share by replacing imported steel in both the commercial and industrial markets. In addition, investments in data centers and gas pipeline infrastructure are expected to add to steel demand.
In Brazil, Ternium expects a decline in shipments and a less favorable sales mix, leading to lower revenue per ton, while cost per ton should remain elevated, mainly reflecting raw material and energy costs. Iron ore sales volumes are also anticipated to decrease, reflecting the temporary idling of part of the mining operations of Mineração Usiminas (MUSA) in response to current international prices and freight rates.
In the Southern Region, shipments are expected to remain relatively stable. Market conditions in Argentina are broadly unchanged from the previous quarter: oil and gas, mining and agriculture continue to be dynamic, while home appliances and automotive are still affected by weak domestic demand and unfairly traded imports, and construction has yet to recover.
Analysis of Third Quarter of 2026 Results
Consolidated Net Sales
Adjusted EBITDA
Adjusted EBITDA in the third quarter of 2026 equals Net Income adjusted to exclude:
- Depreciation and amortization;
- Income tax results;
- Net financial results;
- Equity in earnings of non-consolidated companies; and
- Provision for ongoing litigation related to the acquisition of a participation in Usiminas.
And adjusted to include the proportional EBITDA in Unigal (
Adjusted EBITDA margin equals Adjusted EBITDA divided by net sales.
For more information see Exhibit I - Alternative performance measures - "Adjusted EBITDA".
Steel Segment Third Quarter of 2026 Results
The Steel Segment's net sales increased both sequentially and year over year in the third quarter of 2026, driven by higher shipments and revenue per ton. Compared with the previous quarter, sales volumes increased in Mexico, Brazil and the Southern Region, while realized steel prices rose primarily in Mexico and Other Markets. Compared to the same period in 2025, shipment volumes grew mainly in Mexico, while realized steel prices increased across most regions.
In the third quarter of 2026, Ternium continued gaining market share in Mexico. Commercial market shipments maintained their upward trend during the period, posting significant year-over-year growth. In addition, sales volumes to industrial customers increased both sequentially and year over year.
In Brazil and the Southern Region, sales volumes increased sequentially in the third quarter, but remained relatively stable on a year-over-year basis.
In Other Markets, shipments in the third quarter of 2026 were broadly stable sequentially, while decreasing slightly on a year-over-year basis.
In the third quarter of 2026, the Steel Segment's Cash Operating Income rose by
The increase in cost per ton was mainly the result of higher raw material and purchased slab prices, partially offset by the company's ongoing initiatives to improve efficiency.
Mining Segment Third Quarter of 2026 Results
Net sales in the Mining Segment decreased by
The Mining Segment's Cash Operating Income decreased sequentially in the third quarter of 2026, primarily driven by a decline in sales volumes and lower realized iron ore prices. On a year-over-year basis, Cash Operating Income rose slightly reflecting higher realized iron ore prices, which were largely offset by lower shipments and increased costs.
Net Financial Results
Net financial results were a gain of
Income Tax Results
Ternium's subsidiaries use the U.S. dollar as their functional currency; as a result, fluctuations between their local currencies and the U.S. dollar lead to the recognition of deferred tax results. In the third quarter of 2026, the company recorded a deferred tax loss of
Net Income
In the third quarter of 2026, Ternium's net income amounted to
Equity Holder's Net Income was
Cash Flow and Liquidity
In the third quarter of 2026, cash from operations amounted to
Capital expenditures totaled
Ternium recorded a Net Cash position of
Ternium's Net Cash position as of the end of September included Ternium Argentina's consolidated position of cash and cash equivalents and other investments of
Conference Call and Webcast
Ternium will host a conference call on November 4, 2026, at 8:00am ET in which management will discuss third quarter of 2026 results. A webcast link will be available in the Investor Center section of the company's website at www.ternium.com.
Forward Looking Statements
Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products, and other factors beyond Ternium's control.
About Ternium
Ternium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.
Income Statement
| $ MILLION | 3Q26 | 2Q26 | 3Q25 | 9M26 | 9M25 | |||||||||||||||
Net sales | 4,644 | 4,340 | 3,955 | 12,919 | 11,834 | |||||||||||||||
Cost of sales | (3,608 | ) | (3,399 | ) | (3,346 | ) | (10,254 | ) | (10,085 | ) | ||||||||||
Gross profit | 1,037 | 941 | 608 | 2,664 | 1,749 | |||||||||||||||
Selling, general and administrative expenses | (448 | ) | (428 | ) | (396 | ) | (1,266 | ) | (1,195 | ) | ||||||||||
Other operating income (expense), net | (11 | ) | 15 | 3 | (2 | ) | (8 | ) | ||||||||||||
Operating income | 578 | 528 | 215 | 1,396 | 546 | |||||||||||||||
Financial expense | (53 | ) | (50 | ) | (53 | ) | (153 | ) | (164 | ) | ||||||||||
Financial income | 45 | 45 | 56 | 154 | 182 | |||||||||||||||
Other financial income (expense), net | 14 | (34 | ) | (37 | ) | (12 | ) | (19 | ) | |||||||||||
Equity in earnings of non-consolidated companies | 19 | 22 | 25 | 56 | 65 | |||||||||||||||
Provision for ongoing litigation related to the acquisition of a participation in Usiminas | (20 | ) | (24 | ) | (32 | ) | (92 | ) | (117 | ) | ||||||||||
Profit before income tax result | 583 | 487 | 174 | 1,350 | 494 | |||||||||||||||
Income tax | (215 | ) | (23 | ) | (444 | ) | (145 | ) | (362 | ) | ||||||||||
Profit (loss) for the period | 368 | 465 | (270 | ) | 1,205 | 132 | ||||||||||||||
Attributable to: | ||||||||||||||||||||
Owners of the parent | 279 | 344 | 21 | 836 | 303 | |||||||||||||||
Non-controlling interest | 88 | 121 | (290 | ) | 369 | (171 | ) | |||||||||||||
Profit (loss) for the period | 368 | 465 | (270 | ) | 1,205 | 132 | ||||||||||||||
Statement of Financial Position
$ MILLION | SEPTEMBER 30, 2026 | DECEMBER 31, 2025 | ||||||
Property, plant and equipment, net | 11,194 | 10,406 | ||||||
Intangible assets, net | 1,049 | 1,002 | ||||||
Investments in non-consolidated companies | 626 | 563 | ||||||
Other investments | 0 | 0 | ||||||
Deferred tax assets | 1,215 | 1,039 | ||||||
Receivables, net | 721 | 804 | ||||||
Trade receivables, net | 5 | 4 | ||||||
Total non-current assets | 14,812 | 13,819 | ||||||
Receivables, net | 710 | 985 | ||||||
Derivative financial instruments | 7 | 43 | ||||||
Inventories, net | 4,483 | 4,094 | ||||||
Trade receivables, net | 2,107 | 1,536 | ||||||
Other investments | 1,760 | 1,600 | ||||||
Cash and cash equivalents | 1,355 | 1,531 | ||||||
Total current assets | 10,423 | 9,788 | ||||||
Non-current assets classified as held for sale | 8 | 8 | ||||||
Total assets | 25,243 | 23,615 | ||||||
Statement of Financial Position (cont.)
$ MILLION | SEPTEMBER 30, 2026 | DECEMBER 31, 2025 | ||||||
Capital and reserves attributable to the owners of the parent | 12,541 | 11,944 | ||||||
Non-controlling interest | 4,517 | 4,203 | ||||||
Total equity | 17,058 | 16,148 | ||||||
Provisions | 594 | 586 | ||||||
Deferred tax liabilities | 31 | 24 | ||||||
Non current tax liabilities | 6 | 13 | ||||||
Other liabilities | 989 | 956 | ||||||
Trade payables | 1 | 1 | ||||||
Lease liabilities | 176 | 138 | ||||||
Borrowings | 2,306 | 1,815 | ||||||
Total non-current liabilities | 4,104 | 3,533 | ||||||
Provision for ongoing litigation related to the acquisition of a participation in Usiminas | 619 | 528 | ||||||
Current income tax liabilities | 126 | 39 | ||||||
Other liabilities | 486 | 640 | ||||||
Trade payables | 2,013 | 2,073 | ||||||
Derivative financial instruments | 0 | 1 | ||||||
Lease liabilities | 49 | 49 | ||||||
Borrowings | 787 | 604 | ||||||
Total current liabilities | 4,081 | 3,934 | ||||||
Total liabilities | 8,185 | 7,467 | ||||||
Total equity and liabilities | 25,243 | 23,615 | ||||||
Statement of Cash Flows
| $ MILLION | 3Q26 | 2Q26 | 3Q25 | 9M26 | 9M25 | |||||||||||||||
Result for the period | 368 | 465 | (270 | ) | 1,205 | 132 | ||||||||||||||
Adjustments for: | ||||||||||||||||||||
Depreciation and amortization | 198 | 194 | 197 | 572 | 578 | |||||||||||||||
Income tax accruals less payments | 169 | 3 | 394 | 42 | 142 | |||||||||||||||
Equity in earnings of non-consolidated companies | (19 | ) | (22 | ) | (25 | ) | (56 | ) | (65 | ) | ||||||||||
Provision for ongoing litigation related to the acquisition of a participation in Usiminas | 20 | 24 | 32 | 92 | 117 | |||||||||||||||
Interest accruals less payments / receipts, net | (17 | ) | (4 | ) | (6 | ) | (27 | ) | (6 | ) | ||||||||||
Changes in provisions | 4 | (10 | ) | 1 | (5 | ) | 5 | |||||||||||||
Changes in working capital | (148 | ) | (418 | ) | 174 | (798 | ) | 901 | ||||||||||||
Net foreign exchange results and others | 38 | 24 | 38 | 62 | (17 | ) | ||||||||||||||
Net cash provided by operating activities | 613 | 256 | 535 | 1,086 | 1,786 | |||||||||||||||
Capital expenditures and advances to suppliers for PP&E | (398 | ) | (431 | ) | (711 | ) | (1,235 | ) | (2,038 | ) | ||||||||||
(Increase) decrease in other investments | (529 | ) | 288 | (24 | ) | (153 | ) | 538 | ||||||||||||
Proceeds from the sale of property, plant & equipment | 1 | 0 | 3 | 2 | 4 | |||||||||||||||
Dividends received from non-consolidated companies | 1 | 1 | 2 | 3 | 4 | |||||||||||||||
Recovery of loans from non-consolidated companies | - | - | - | 150 | - | |||||||||||||||
Acquisition of additional participation in Usiminas | - | - | - | (315 | ) | - | ||||||||||||||
Acquisition of business - purchase consideration | - | - | - | (24 | ) | - | ||||||||||||||
Acquisition of business - cash acquired | - | - | - | 4 | - | |||||||||||||||
Repayment of additional paid in capital | - | - | - | - | (5 | ) | ||||||||||||||
Net cash used in investing activities | (925 | ) | (142 | ) | (729 | ) | (1,568 | ) | (1,497 | ) | ||||||||||
Dividends paid in cash to company's shareholders | - | (255 | ) | - | (255 | ) | (353 | ) | ||||||||||||
Dividends paid in cash to non-controlling interest | - | (36 | ) | - | (43 | ) | (2 | ) | ||||||||||||
Finance lease payments | (15 | ) | (18 | ) | (15 | ) | (48 | ) | (50 | ) | ||||||||||
Proceeds from borrowings | 334 | 29 | 71 | 768 | 653 | |||||||||||||||
Repayments of borrowings | (77 | ) | (19 | ) | (387 | ) | (135 | ) | (934 | ) | ||||||||||
Net cash provided by (used in) financing activities | 242 | (300 | ) | (330 | ) | 288 | (686 | ) | ||||||||||||
Decrease in cash and cash equivalents | (70 | ) | (186 | ) | (524 | ) | (195 | ) | (397 | ) | ||||||||||
Exhibit I - Alternative Performance Measures
These non-IFRS measures should not be considered in isolation of, or as a substitute for, measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have a standardized meaning under IFRS and, therefore, may not correspond to similar non-IFRS financial measures reported by other companies.
Adjusted EBITDA
$ MILLION | 3Q26 | 2Q26 | 3Q25 | 9M26 | 9M25 | |||||||||||||||
Net income | 368 | 465 | (270 | ) | 1,205 | 132 | ||||||||||||||
Adjusted to exclude: | ||||||||||||||||||||
Depreciation and amortization | 198 | 194 | 197 | 572 | 578 | |||||||||||||||
Income tax results | 215 | 23 | 444 | 145 | 362 | |||||||||||||||
Net financial results | (6 | ) | 39 | 35 | 11 | 2 | ||||||||||||||
Equity in earnings of non-consolidated companies | (19 | ) | (22 | ) | (25 | ) | (56 | ) | (65 | ) | ||||||||||
Provision for ongoing litigation related to the acquisition of a participation in Usiminas | 20 | 24 | 32 | 92 | 117 | |||||||||||||||
Reversal of contingencies (Usiminas) | - | (12 | ) | - | (12 | ) | - | |||||||||||||
Adjusted to include: | ||||||||||||||||||||
Proportional EBITDA in Unigal ( | 9 | 7 | 8 | 24 | 21 | |||||||||||||||
Adjusted EBITDA | 785 | 717 | 420 | 1,981 | 1,146 | |||||||||||||||
Divided by: net sales | 4,644 | 4,340 | 3,955 | 12,919 | 11,834 | |||||||||||||||
Adjusted EBITDA Margin (%) | 17 | % | 17 | % | 11 | % | 15 | % | 10 | % | ||||||||||
Exhibit I - Alternative Performance Measures (cont.)
Cash Operating Income - Steel Segment
| $ MILLION | 3Q26 | 2Q26 | 3Q25 | 9M26 | 9M25 | |||||||||||||||
Operating Income - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates) | 504 | 410 | 333 | 1,185 | 766 | |||||||||||||||
Plus/minus differences in cost of sales (IFRS) | 77 | 88 | (96 | ) | 148 | (202 | ) | |||||||||||||
Excluding depreciation and amortization | 163 | 158 | 146 | 469 | 432 | |||||||||||||||
Excluding reversal of contingencies (Usiminas) | - | (12 | ) | - | (12 | ) | - | |||||||||||||
Including proportional EBITDA in Unigal ( | 9 | 7 | 8 | 24 | 21 | |||||||||||||||
Cash Operating Income | 754 | 650 | 391 | 1,814 | 1,018 | |||||||||||||||
Divided by: steel shipments (thousand tons) | 4,044 | 3,858 | 3,757 | 11,610 | 11,333 | |||||||||||||||
Cash Operating Income per Ton - Steel | 186 | 169 | 104 | 156 | 90 | |||||||||||||||
Divided by: steel net sales | 4,529 | 4,192 | 3,804 | 12,535 | 11,417 | |||||||||||||||
Cash Operating Income Margin - Steel (%) | 17 | % | 16 | % | 10 | % | 14 | % | 9 | % | ||||||||||
Cash Operating Income - Mining Segment
| $ MILLION | 3Q26 | 2Q26 | 3Q25 | 9M26 | 9M25 | |||||||||||||||
Operating Result - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates) | (54 | ) | (33 | ) | (35 | ) | (112 | ) | (75 | ) | ||||||||||
Plus/minus differences in cost of sales (IFRS) | 59 | 55 | 23 | 168 | 77 | |||||||||||||||
Excluding depreciation and amortization | 35 | 36 | 51 | 104 | 146 | |||||||||||||||
Cash Operating Income | 40 | 58 | 38 | 160 | 148 | |||||||||||||||
Divided by: mining shipments (thousand tons) | 2,832 | 3,347 | 3,207 | 9,005 | 9,589 | |||||||||||||||
Cash Operating Income per Ton - Mining | 14 | 17 | 12 | 18 | 15 | |||||||||||||||
Divided by: mining net sales | 259 | 316 | 268 | 859 | 829 | |||||||||||||||
Cash Operating Income Margin - Mining (%) | 16 | % | 18 | % | 14 | % | 19 | % | 18 | % | ||||||||||
Exhibit I - Alternative Performance Measures (cont.)
Free Cash Flow
| $ MILLION | 3Q26 | 2Q26 | 3Q25 | 9M26 | 9M25 | |||||||||||||||
Net cash provided by operating activities | 613 | 256 | 535 | 1,086 | 1,786 | |||||||||||||||
Less: capital expenditures and advances to suppliers for PP&E | (398 | ) | (431 | ) | (711 | ) | (1,235 | ) | (2,038 | ) | ||||||||||
Free Cash Flow | 215 | (175 | ) | (175 | ) | (149 | ) | (252 | ) | |||||||||||
Net (Cash) Debt
| $ MILLION | SEPTEMBER 30, 2026 | JUNE 30, 2026 | SEPTEMBER 30, 2025 | |||||||||
Borrowings (current and non-current) | 3,094 | 2,844 | 2,046 | |||||||||
Less: Cash and cash equivalents | (1,355 | ) | (1,431 | ) | (1,323 | ) | ||||||
Less: Other investments (current and non-current) | (1,760 | ) | (1,301 | ) | (1,438 | ) | ||||||
Net (Cash) Debt | (22 | ) | 112 | (715 | ) | |||||||
Note: Ternium Argentina's consolidated position of cash and cash equivalents and other investments amounted to
Sebastián Martí
Ternium -Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com
SOURCE: Ternium S.A.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Ternium's third-quarter 2026 earnings?
Ternium reported $368 million in net income and $785 million in adjusted EBITDA for the third quarter of 2026. Income attributable to parent shareholders was $279 million, or $1.42 per ADS. Adjusted EBITDA increased 10% sequentially.
When will Ternium pay its 2026 interim dividend and how much is it?
Ternium will pay $0.90 per ADS, equivalent to $0.09 per share, on November 17, 2026, with a November 16, 2026 record date. The approved payment totals $177 million based on outstanding common shares, excluding treasury shares.
What Argentine cash and investments were included in Ternium's September 2026 net cash position?
Ternium's September-end net cash position included $725 million in consolidated cash, cash equivalents and other investments at Ternium Argentina. During the third quarter, Ternium recognized a $74 million decline in the fair value of Argentine securities.