Grupo Simec (NYSE: SIM) swings to Ps. 2.3B profit on FX relief

Rhea-AI Filing Summary

Grupo Simec reported a sharp improvement in profitability for the first six months of 2026. Net sales rose 9% to Ps. 16,186 million, driven by a 16% increase in finished steel shipments to 1,046 thousand tons, partly offset by a 6% lower average sales price. Sales in Mexico grew 15% to Ps. 9,461 million, while sales outside Mexico increased 2% to Ps. 6,725 million. Gross profit climbed to Ps. 4,172 million with margin improving to 26%, and EBITDA increased 6% to Ps. 3,354 million. Net income attributable to controlling interest jumped to Ps. 2,317 million, up 662%, mainly because net exchange loss shrank to Ps. 365 million from Ps. 2,332 million, turning comprehensive financial cost into a modest income.

Quarterly, second‑quarter 2026 sales edged up to Ps. 8,154 million from Ps. 8,032 million in the first quarter, but EBITDA fell to Ps. 1,600 million and net income to Ps. 611 million, reflecting higher exchange losses and income taxes. Versus second quarter 2025, sales grew 16% and results swung from a Ps. 1,000 million loss to a profit of Ps. 611 million. The balance sheet remains very strong, with cash and cash equivalents of 27,437,293 thousand pesos and only Ps. 5.3 million of medium‑term notes outstanding; total liabilities equal 11,845,794 thousand pesos against total assets of 73,022,720 thousand pesos, comfortably meeting all debt covenants.

Positive

• Net income attributable to controlling interest surged 662% to Ps. 2,317 million in the first half of 2026, driven by much smaller foreign‑exchange losses and a higher gross margin.
• The company ended June 30, 2026 with a large cash balance of 27,437,293 thousand pesos and only Ps. 5.3 million of medium‑term notes outstanding, resulting in a low liabilities‑to‑assets ratio of 0.16 and ample covenant headroom.

Negative

• Despite strong earnings, operating activities used 305,056 thousand pesos of cash in the first half of 2026, as trade receivables and inventories increased and other liabilities declined.
• Profitability softened sequentially: second‑quarter 2026 EBITDA fell 9% versus the first quarter to Ps. 1,600 million, and net income declined to Ps. 611 million due to higher exchange losses and income tax expense.

Filing Explained

At June 30, cash was 27,437,293 thousand pesos after a 1,113,595 thousand-peso decline, with no capital-stock increase reported.

The company’s Form 6-K, dated July 28, 2026, furnishes interim information for the six months ended June 30, 2026; it reports no capital-stock increase or new financing in the period.

Form 6-K is an interim report for a foreign private issuer. For existing common holders, this filing documents liquidity movement without a reported increase in the share base that would create dilution.

At June 30, 2026, cash and equivalents were 27,437,293 thousand pesos, after a reported net decrease of 1,113,595 thousand pesos during the period.

Operating activities used 305,056 thousand pesos, investing activities used 720,949 thousand pesos, and investment in property, plant and equipment was 1,171,995 thousand pesos.

The filing reports 17,764 thousand pesos of share-repurchase cash flow and 37,463,000 repurchased shares, while outstanding shares were reported at 497,709,214.

The June 30, 2026 cash-flow statement is the main liquidity watch item: it reports negative operating cash flow alongside capital spending, without providing a future cash-flow forecast.

Key Figures

Net sales first half 2026: Ps. 16,186 million Shipments of finished steel products: 1,046 thousand tons EBITDA first half 2026: Ps. 3,354 million +5 more

8 metrics

Net sales first half 2026 Ps. 16,186 million First six-month period ended June 30, 2026

Shipments of finished steel products 1,046 thousand tons First six-month period ended June 30, 2026

EBITDA first half 2026 Ps. 3,354 million First six-month period ended June 30, 2026

Net income controlling interest H1 2026 Ps. 2,317 million First six-month period ended June 30, 2026, up 662% vs 2025

Total assets 73,022,720 thousand pesos Statement of financial position at June 30, 2026

Cash and cash equivalents 27,437,293 thousand pesos Statement of financial position at June 30, 2026

Medium-term notes outstanding Ps. 5.3 million 8 7/8% MTNs balance as of June 30, 2026

Net cash from operating activities (305,056) thousand pesos Six months ended June 30, 2026

Key Terms

EBITDA, Comprehensive financial income (cost), medium-term notes, functional currency, +1 more

5 terms

EBITDA financial

"The EBITDA of the Company increased 6% from Ps. 3,165 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.

Comprehensive financial income (cost) financial

"Comprehensive financial income in the first sixth-month period ended June 30th, 2026 represented a net income..."

medium-term notes financial

"total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998..."

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.

functional currency financial

"The functional and reporting currency of the Company is the Mexican peso."

The functional currency is the single currency a company uses as its primary money for recording business transactions and preparing financial statements — think of it as the company's "home" currency or the money it budgets and measures performance in. It matters to investors because currency choices determine how foreign sales, costs and exchange-rate swings translate into reported revenue, profit and debt, affecting comparisons, risk assessments and valuation.

cash flows hedges financial

"The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flows hedges is recognized in other comprehensive income..."

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FAQ

How did Grupo Simec (SIM) perform financially in the first half of 2026?

Grupo Simec delivered much stronger results in early 2026, with net sales of Ps. 16,186 million, EBITDA of Ps. 3,354 million, and net income of Ps. 2,317 million. Net income rose 662% versus 2025 as foreign‑exchange losses fell sharply.

What drove Grupo Simec (SIM) revenue and volume changes in H1 2026?

Revenue growth came mainly from higher volumes. Shipments of finished steel products rose 16% to 1,046 thousand tons, while the average sales price fell 6%. Sales in Mexico increased 15% to Ps. 9,461 million, and sales outside Mexico grew 2% to Ps. 6,725 million.

How did Grupo Simec’s (SIM) Q2 2026 results compare with Q1 2026?

Second‑quarter 2026 net sales were slightly higher at Ps. 8,154 million versus Ps. 8,032 million in Q1, but EBITDA declined to Ps. 1,600 million from Ps. 1,754 million. Net income fell to Ps. 611 million from Ps. 1,706 million, mainly due to higher exchange losses and income taxes.

How does Grupo Simec’s (SIM) Q2 2026 compare with Q2 2025?

Compared with Q2 2025, Simec’s Q2 2026 net sales rose 16% to Ps. 8,154 million, and EBITDA increased to Ps. 1,600 million from Ps. 1,473 million. Net results swung from a Ps. 1,000 million loss to a Ps. 611 million profit, helped by much lower foreign‑exchange losses.

What is Grupo Simec’s (SIM) debt and cash position as of June 30, 2026?

Liquidity is strong, with cash and cash equivalents of 27,437,293 thousand pesos at June 30, 2026. Consolidated debt consists only of Ps. 5.3 million in 8 7/8% medium‑term notes, while total liabilities of 11,845,794 thousand pesos compare to assets of 73,022,720 thousand pesos.

How did foreign‑exchange movements affect Grupo Simec (SIM) in 2026?

Currency effects improved markedly. For the first half of 2026, Simec recorded a net exchange loss of Ps. 365 million, versus Ps. 2,332 million a year earlier. In Q2 2026, the exchange loss was Ps. 579 million, down from Ps. 2,176 million in Q2 2025.

What are Grupo Simec’s (SIM) main steel products and markets?

Simec focuses on special bar quality (SBQ) and commercial long steel for automotive and construction markets in Mexico, the United States, Canada, and Brazil. In H1 2026, commercial long steel shipments reached 789 thousand tons, while SBQ volumes were 257 thousand tons.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

COMMISSION FILE NUMBER 1-11176

For the month of June 2026.

Grupo Simec, S.A.B.de C.V.

(Translation of Registrant’s Name Into English)

Av. Lázaro Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, México 44440

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐          No ☒

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___________.)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GRUPO SIMEC, S.A.B. de C.V.
	(Registrant)
Date: July 28, 2026.	By:	/s/ Sergio Vigil González
		Name:		Sergio Vigil González
		Title:		Chief Executive Officer

PRESS RELEASE	Contact: José Luis Tinajero
	Mario Moreno Cortez
	Grupo Simec, S.A.B. de C.V.
	Calzada Lázaro Cárdenas 601
	44440 Guadalajara, Jalisco, México
	525511651028
	523337706734

GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST SIXTH-MONTH PERIOD ENDED JUNE 30TH, 2026.

GUADALAJARA, MEXICO, Jul 28th, 2026- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) (“Simec”) announced today its results of operations for the first sixth-month period ended June 30th, 2026.

First sixth-month period ended June 30th, 2026 compared to first sixth-month period ended June 30th, 2025.

Net Sales

Net sales increased 9% because of the combination of 16% increase shipments of finished steel products and a 6% lower average sales price compared to the same period of 2025, the sales increased from Ps. 14,835 million in the first sixth-month period ended June 30th, 2025 to Ps. 16,186 million in the same period of 2026. Shipments of finished steel products increased to 1 million 46 thousand tons in the first sixth-month period ended June 30th, 2026 compared to 901 thousand tons in the same period of 2025. Total sales outside of Mexico on the first sixth-month period ended June 30th, 2026 increased 2% to Ps. 6,725 million compared with Ps. 6,573 million in the same period of 2025. Total sales in Mexico increased 15% from Ps. 8,262 million in the First sixth-month period ended June 30th, 2025 to Ps. 9,461 million in the same period of 2026.

Cost of Sales

Cost of sales increased 8% from Ps. 11,167 million in the first sixth-month period ended June 30th, 2025 to Ps. 12,014 million in the same period of 2026. Cost of sales as a percentage of net sales represented 74% and 75%, respectively, for the periods 2026 and 2025. The cost of sales increased, due to a higher volume of products shipped.

Gross Profit

Gross profit of the Company in the first sixth-month period ended June 30th, 2026 was of Ps. 4,172 million compared to Ps. 3,668 million in the same period of 2025. Gross profit as a percentage of net sales represented 26% and 25% respectively, for the periods 2026 and 2025.

Selling, General and Administrative Expenses

Selling, general and administrative expenses increased 11% from Ps. 1,307 million in the first sixth-month period ended June 30th, 2025 to Ps. 1,445 million in the same period of 2026. Selling, general and administrative expenses as a percentage of net sales represented 9% in both periods.

1

Other Expenses (Income) net

The company recorded other net income of Ps. 263 million in the first sixth-month period ended June 30th, 2025 compared to other net income of Ps. 36 million in the same period of 2026.

Operating Profit

Operating income increased 5% from Ps. 2,624 million for the first sixth-month period ended June 30th, 2025 to Ps. 2,763 million in the same period of 2026. Operating profit as a percentage of net sales represented 17% and 18% for the 2026 and 2025 periods respectively.

EBITDA

The EBITDA of the Company increased 6% from Ps. 3,165 million in the sixth-month period ended June 30, of 2025, (result of net income of Ps. 304, less minority stake of Ps. 1 million, plus income taxes of Ps. 476 million, plus comprehensive financial cost of Ps. 1,845 million, plus depreciation of Ps. 541 million), to an EBITDA of Ps. 3,354 million in the same period of 2026 (result of net income of Ps. 2,317 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 499 million, less comprehensive financial income of Ps. 53 million, plus depreciation of 592 million).

		First sixth-month period ended June 30th,
Consolidated Million		2026				2025
Net income (loss) controlling interest			2,317				304
Income (loss) attributable to noncontrolling interests			(1	)			(1	)
Net income (loss)			2,316				303
Depreciation and amortization			592				541
Income taxes			499				476
Financial results (income) loss			(53	)			1,845
EBITDA			3,354				3,165

Comprehensive Financial Income (Cost)

Comprehensive financial income in the first sixth-month period ended June 30th, 2026 represented a net income of Ps. 53 million compared with a net expense of Ps. 1,845 million in the same period of 2025. The net interest was an income of Ps. 397 million in 2026 compared with a net interest income of Ps. 487 million in the first sixth-month period ended June 30th, 2025. We registered a net exchange loss of Ps. 365 million in the first sixth-month period ended June 30th, 2026 compared with an exchange net loss of Ps. 2,332 million in the same period of 2025, net other financial income was recorded for Ps. 21 million for the period 2026.

2

Income Taxes

The Company recorded a net tax expense of Ps. 499 million in the first sixth-month period ended June 30th, 2026 (including the income of deferred tax of Ps. 14 million) compared with a net tax expense of Ps. 476 million in the same period of 2025 (including a deferred tax expense of Ps. 93 million).

Net Income (loss)

As a result of the foregoing, net income increased by 662% from Ps. 304 million in the first sixth-month period ended June 30th, 2025 to Ps. 2,317 million in the same period of 2026. mainly because of the net exchange loss of Ps. 2,332 million recorded in the first sixth-month period ended June 30th, 2025 became a net exchange loss of Ps. 365 million in the first sixth-month period ended June 30th, 2026.

Liquidity and Capital Resources

As of June 30, 2026, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, Ps. 5.3 million (accrued interest on June 30, 2026 was U.S. $ 884 thousand dollars or Ps. 15.5 million). As of June 30, 2025, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, Ps. 5.7 million (accrued interest on June 30, 2025 was U.S. $ 856 thousand dollars or Ps. 16.1 million).

Second quarter 2026 vs first quarter 2026

Net Sales

Net sales increased from Ps. 8,032 million in the first quarter of 2026 to Ps. 8,154 million for the second quarter of 2026. Sales in tons decreased 3% from 530 thousand ton in the first quarter of 2026 to 516 thousand tons in the second quarter of the same year. Total sales outside of Mexico for the second quarter of 2026 decreased 1% from Ps. 3,385 million in the first quarter to Ps. 3,340 million in the second quarter of 2026. Sales in Mexico increased 4% to Ps. 4,814 million in the second quarter of 2026 compared Ps. 4,647 million in the first quarter of 2026. Prices of finished products sold in the second quarter of 2026 increased 4% compared with the first quarter of the same year.

Cost of Sales

Cost of sales increased to Ps. 6,117 million in the second quarter of 2026 compared to Ps. 5,897 million for the first quarter of 2026. With respect to sales, in the second quarter of 2026, the cost of sales represented 75%, compared to 73% in the first quarter of the same period. The average cost of sales by ton increased by 7% in the second quarter of 2026 versus the first quarter of 2026.

Gross Profit

Gross profit of the Company for the second quarter of 2026 decreased 5% to Ps. 2,037 million compared to Ps. 2,135 million in the first quarter of 2026. The gross profit as a percentage of net sales for the first and second quarter of 2026 was of 27% and 25% respectively.

3

Selling, General and Administrative Expenses

Selling, general and administrative expenses increased 4% to Ps. 736 million in the second quarter of 2026 compared to Ps. 709 million for the first quarter of 2026. Selling, general and administrative expenses as a percentage of net sales represented 9% in both periods of 2026.

Other Expenses (Income) net

The company recorded other net expenses of Ps. 3 million in the second quarter of 2026 compared to other net income of Ps. 39 million for the first quarter of 2026.

Operating Profit

Operating income was of Ps. 1,298 million in the second quarter of 2026 compared to an operating profit of Ps. 1,465 million in the first quarter of 2026. The operating profit as a percentage of net sales represented 16% and 18% for the second quarter and first quarter of 2026 respectively.

EBITDA

EBITDA was Ps. 1,754 million in the first quarter of 2026 (result of net income of Ps. 1,706 million, plus income taxes of Ps. 71 million, less comprehensive financial income of Ps. 312 million, plus depreciation of Ps. 289 million), compared to an EBITDA of Ps. 1,600 million for the second quarter of 2026, (result of net income of Ps. 611 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 428 million, plus comprehensive financial cost of Ps. 259 million, plus depreciation of Ps. 303 million).

		Second quarter 2026 vs First quarter 2026
Consolidated Million		2Q 2026				1Q 2026
Net income (loss) controlling interest			611				1,706
Income (loss) attributable to noncontrolling interests			(1	)			0
Net income (loss)			610				1,706
Depreciation and Amortization			303				289
Income taxes			428				71
Financial results (income) loss			259				(312	)
EBITDA			1,600				1,754

4

Comprehensive Financial Income (Cost)

Comprehensive financial income for the second quarter for 2026 was a net expense of Ps. 259 million compared with a net income of Ps. 312 million for the first quarter of 2026. The net interest income for the second quarter was Ps. 299 million compared with a net interest income of Ps. 99 million in the first quarter of 2026. At the same time, we registered an exchange net income of Ps. 213 million in the first quarter of 2026 compared with an exchange net loss of Ps. 579 million in the second quarter of 2026. Net other financial income was recorded for Ps. 21 million in the second quarter of 2026.

Income Taxes

Income Taxes for the first quarter of 2026 was a net expense of Ps. 71 million (including an income of deferred tax for Ps. 7 million) compared to an expense of Ps. 428 million for the second quarter of 2026, (including the income of deferred tax of Ps. 7 million).

Net Income (loss)

As a result of the foregoing, the Company recorded a net income of Ps. 611 million in the second quarter of 2026 compared to Ps. 1,706 million of net income in the first quarter of 2026.

Second quarter 2026 vs second quarter 2025

Net Sales

Net sales increased 16% from Ps. 7,052 million for the second quarter of 2025 to Ps. 8,154 million for the second quarter of 2026. Sales in tons of finished steel products in the second quarter of 2025 were 425 thousand tons versus to 516 thousand tons in the second quarter of 2026. Total sales outside of Mexico increased 8% from Ps. 3,104 million for the second quarter of 2025 to Ps. 3,340 million in the second quarter of 2026. Sales in Mexico increased 22% from Ps. 3,948 million in the second quarter of 2025 to Ps. 4,814 million in the second quarter of 2026. This increase is explained by a 21% higher volume of steel products shipped and a 5% decrease in the average sales price.

Cost of Sales

Cost of sales increased 14% from Ps. 5,381 million in the second quarter of 2025 to Ps. 6,117 million in the second quarter of 2026. With respect to sales, the cost of sales represented 75% during the second quarter of 2026 and 76% during the second quarter of 2025. The average cost of steel products decreased 6% in the second quarter of 2026 versus the second quarter of 2025.

Gross Profit

Gross profit for the second quarter of 2026 increased 22% from Ps. 1,671 million in the second quarter of 2025 to Ps. 2,037 million in the second quarter of 2026. The gross profit as a percentage of net sales represented 24% in the second quarter of 2025 compared to 25% in the second quarter of 2026.

5

Selling, General and Administrative Expenses

Selling, general and administrative expenses increased 9% from Ps. 674 million in the second quarter of 2025 to Ps. 736 million in the second quarter of 2026. Selling, general and administrative expenses as a percentage of net sales for the second quarter of 2025 was of 10% compared to 9% in the second quarter 2026.

Other Expenses (Income) net

The company recorded other income net of Ps. 201 million in the second quarter of 2025 compared with other expenses net of Ps. 3 million in the second quarter of 2026.

Operating Profit

Operating income was of Ps. 1,298 million in the second quarter of 2026 compared to an operating profit of Ps. 1,198 million in the second quarter of 2025. The operating profit as a percentage of net sales in the second quarter of 2026 was 16%, compared to 17% in the second quarter of 2025.

EBITDA

EBITDA was Ps. 1,473 million in the second quarter of 2025 (result of net loss of Ps. 1,000 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 297 million, plus comprehensive financial cost of Ps. 1,902 million, plus depreciation of Ps. 275 million), compared to an EBITDA of Ps 1,600 million in the second quarter of 2026 (result of net income of Ps. 611 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 428 million, plus comprehensive financial cost of Ps. 259 million, plus depreciation of Ps. 303 million).

		Second quarter 2026 vs Second quarter 2025
Consolidated Million		2Q 2026				2Q 2025
Net income (loss) controlling interest			611				(1,000	)
Income (loss) attributable to noncontrolling interests			(1	)			(1	)
Net income (loss)			610				(1,001	)
Depreciation and Amortization			303				275
Income taxes			428				297
Financial results (income) loss			259				1,902
EBITDA			1,600				1,473

6

Comprehensive Financial Income (Cost)

Comprehensive financial income for the second quarter of 2026 was a net expense of Ps. 259 million compared with a net loss of Ps 1,902 million in the second quarter of 2025. Net interest income was of Ps. 299 million in the second quarter of 2026 compared with a net interest income of Ps. 274 million in the second quarter of 2025. At the same time, we registered a net exchange loss of Ps. 579 million in the second quarter of 2026 compared with an exchange loss of Ps. 2,176 million in the second quarter of 2025. Net other financial income was recorded for Ps. 21 million in the second quarter of 2026.

Income Taxes

The Company recorded a net tax expense in the second quarter of 2026 of Ps. 428 million (including an income of deferred tax of Ps. 7 million), compared to a net tax expense of Ps. 297 million for the second quarter of 2025, (including a tax deferred expense of Ps. 100 million).

Net Income (loss)

As a result of the foregoing, the Company recorded a net profit of Ps. 611 million in the second quarter of 2026 compared to Ps. 1,000 million of net loss in the second quarter of 2025; mainly explained because the net exchange loss of Ps. 2,176 million recorded in the second quarter of 2025 became a net exchange loss of Ps. 579 million in the second quarter of 2026.

Six-Month
(million of pesos)		Jan - Jun ‘26				Jan - Jun ‘25				Year 26 vs ‘25
Sales			16,186				14,835				9	%
Cost of Sales			12,014				11,167				8	%
Gross Profit			4,172				3,668				14	%
Selling, General and Administrative Expense			1,445				1,307				11	%
Other Income (Expenses), net			36				263				(86	)%
Operating Profit			2,763				2,624				5	%
EBITDA			3,354				3,165				6	%
Net income Controlling interest			2,317				304				662	%
Sales Outside Mexico			6,725				6,573				2	%
Sales in Mexico			9,461				8,262				15	%
Total Sales (Tons Thousands)			1,046				901				16	%
Cost per ton (Pesos)			11,486				12,394				(7	)%

7

Quarter
(million of pesos)		2Q‘26				1Q ‘26				2Q ‘25				2Q´26vs 1Q´26				2Q´26 vs 2Q ‘25
Sales			8,154				8,032				7,052				2	%			16	%
Cost of Sales			6,117				5,897				5,381				4	%			14	%
Gross Profit			2,037				2,135				1,671				(5	)%			22	%
Selling, General and Adm. Expenses			736				709				674				4	%			9	%
Other Income (Expenses), net			(3	)			39				201				N/C				N/C
Operating Profit			1,298				1,465				1,198				(11	)%			8	%
EBITDA			1,600				1,754				1,473				(9	)%			9	%
Net Income Controlling interest			611				1,706				(1,000	)			(64	)%			N/C
Sales Outside Mexico			3,340				3,385				3,104				(1	)%			8	%
Sales in Mexico			4,814				4,647				3,948				4	%			22	%
Total Sales (Tons Thousands)			516				530				425				(3	)%			21	%
Cost per Ton (pesos)			11,855				11,126				12,661				7	%			(6	)%

Product		Thousands of Tons Jan-Jun 2026				Millions of Pesos Jan-Jun 2026				Average Price per Ton Jan-Jun 2026				Thousands of Tons Jan–Jun 2025				Millions of Pesos Jan-Jun 2025				Average Price per Ton Jan-Jun 2025
Special Bar Quality SBQ			257				4,774				18,576				259				5,332				20,587
Commercial Long Steel			789				11,412				14,464				642				9,503				14,802
Total			1,046				16,186				15,474				901				14,835				16,465

Product		Thousands of Tons Apr-Jun 2026				Millions of Pesos Apr-Jun 2026				Average Price per Ton Apr-Jun 2026				Thousands of Tons Jan-Mar 2026				Millions of Pesos Jan-Mar 2026				Average Price per Ton Jan-Mar 2026				Thousands of Tons Apr-Jun 2025				Millions of Pesos  Apr-Jun 2025				Average Price per Ton Apr-Jun 2025
Special Bar Quality SBQ			132				2,459				18,629				126				2,315				18,373				106				2,197				20,726
Commercial Long Steel			384				5,695				14,831				404				5,717				14,151				319				4,855				15,219
Total			516				8,154				15,802				530				8,032				15,155				425				7,052				16,593

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.

8

CLAVE DE COTIZACION: SIMEC		QUARTER: 2
GRUPO SIMEC, S.A.B. DE C.V		2026
(THOUSAND PESOS)
	ENDING CURRENT QUARTER	ENDING PREVIOUS YEAR
ACCOUNT	Amount	Amount
TOTAL ASSETS	73,022,720	71,278,892
TOTAL CURRENT ASSETS	46,764,062	45,804,979
CASH AND CASH EQUIVALENTS	27,437,293	28,550,863
SHORT-TERM INVESTMENTS	0	0
AVAILABLE-FOR-SALE INVESTMENTS	0	0
TRADING INVESTMENTS	0	0
HELD-TO-MATURITY INVESTMENTS	0	0
TRADE RECEIVABLES, NET	5,623,529	4,565,991
TRADE RECEIVABLES	6,065,070	5,007,532
ALLOWANCE FOR DOUBTFUL ACCOUNTS	-441,541	-441,541
OTHER RECEIVABLES, NET	3,278,766	3,376,143
OTHER RECEIVABLES	3,278,766	3,376,143
ALLOWANCE FOR DOUBTFUL ACCOUNTS	0	0
INVENTORIES	9,936,558	9,096,976
BIOLOGICAL CURRENT ASSETS	0	0
OTHER CURRENT ASSETS	487,916	215,006
PREPAYMENTS	0	0
DERIVATIVE FINANCIAL INSTRUMENTS	0	0
ASSETS AVAILABLE FOR SALE	0	0
DISCONTINUED OPERATIONS	0	0
RIGHTS AND LICENSES	0	0
OTHER	487,916	215,006
TOTAL NON-CURRENT ASSETS	26,258,658	25,473,913
ACCOUNTS RECEIVABLE, NET	0	0
INVESTMENTS	0	0
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES	0	0
HELD-TO-MATURITY INVESTMENTS	0	0
AVAILABLE-FOR-SALE INVESTMENTS	0	0
OTHER INVESTMENTS	698,560	640,749
PROPERTY, PLANT AND EQUIPMENT, NET	21,924,210	21,100,949
LAND AND BUILDINGS	8,208,381	7,335,287
MACHINERY AND INDUSTRIAL EQUIPMENT	34,288,580	32,493,094
OTHER EQUIPMENT	339,114	278,888
ACCUMULATED DEPRECIATION	-25,860,292	-25,419,619
CONSTRUCTION IN PROGRESS4	4,948,427	6,413,299
INVESTMENT PROPERTY	0	0
BIOLOGICAL NON- CURRENT ASSETS	0	0
INTANGIBLE ASSETS, NET	2,232,999	2,260,946
GOODWILL	1,814,160	1,814,160
TRADEMARKS	329,600	329,600
RIGHTS AND LICENSES	0	0
CONCESSIONS	0	0
OTHER INTANGIBLE ASSETS	89,239	117,186
DEFERRED TAX ASSETS	0	0
OTHER NON-CURRENT ASSETS	1,402,889	1,471,269
PREPAYMENTS	0	0
DERIVATIVE FINANCIAL INSTRUMENTS	0	0
EMPLOYEE BENEFITS	0	0
AVAILABLE FOR SALE ASSETS	0	0
DISCONTINUED OPERATIONS	0	0
DEFERRED CHARGES	0	0
OTHER	1,402,889	1,471,269
TOTAL LIABILITIES	11,845,794	12,045,042
TOTAL CURRENT LIABILITIES	8,096,175	8,333,999
BANK LOANS	0	0

9

STOCK MARKET LOANS	5,287	5,422
OTHER LIABILITIES WITH COST	0	0
TRADE PAYABLES	3,371,661	3,073,813
TAXES PAYABLE	1,006,057	1,259,472
INCOME TAX PAYABLE	0	0
OTHER TAXES PAYABLE	1,006,057	1,259,472
OTHER CURRENT LIABILITIES	172,889	279,257
INTEREST PAYABLE	15,480	15,621
DERIVATIVE FINANCIAL INSTRUMENTS	0	0
DEFERRED REVENUE	0	0
EMPLOYEE BENEFITS	232,083	229,819
PROVISIONS	8,185	6,796
CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS	0	0
DISCONTINUED OPERATIONS	0	0
OTHER	3,284,533	3,463,799
TOTAL NON-CURRENT LIABILITIES	3,749,619	3,711,043
BANK LOANS	0	0
STOCK MARKET LOANS	0	0
OTHER LIABILITIES WITH COST	0	0
DEFERRED TAX LIABILITIES	3,496,144	3,473,264
OTHER NON-CURRENT LIABILITIES	14,439	14,809
DERIVATIVE FINANCIAL INSTRUMENTS	0	0
DEFERRED REVENUE	0	0
EMPLOYEE BENEFITS	239,036	222,970
PROVISIONS	0	0
NON-CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS	0	0
DISCONTINUED OPERATIONS	0	0
OTHER	0	0
TOTAL EQUITY	61,176,926	59,233,850
EQUITY ATTRIBUTABLE TO OWNERS OF PARENT	61,148,601	59,204,121
CAPITAL STOCK	2,832,268	2,832,268
SHARES REPURCHASED	-4,615,358	-4,597,594
PREMIUM ON ISSUANCE OF SHARES	4,575,233	4,575,233
CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES	0	0
OTHER CONTRIBUTED CAPITAL	0	0
RETAINED EARNINGS (ACCUMULATED LOSSES)	58,356,458	56,394,214
LEGAL RESERVE	0	0
OTHER RESERVES	7,000,000	7,000,000
RETAINED EARNINGS	54,369,077	52,872,673
NET INCOME FOR THE PERIOD	2,317,146	1,496,404
OTHER	0	0
ACCUMULATED OTHER COMPREHENSIVE INCOME (NET OF TAX)	(5,329,765)	(4,974,863)
GAIN ON  REVALUATION OF PROPERTIES	0	0
ACTUARIAL GAINS  (LOSSES) FROM LABOR OBLIGATIONS	0	0
FOREING CURRENCY TRANSLATION	(5,410,586)	(5,055,684)
CHANGES IN THE VALUATION OF FINANCIAL ASSETS AVAILABLE FOR SALE	0	0
CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS	0	0
CHANGES IN FAIR VALUE OF OTHER ASSETS	0	0
SHARE OF OTHER COMPREHENSIVE INCOME  OF ASSOCIATES AND JOINT VENTURES	80,821	80,821
OTHER COMPREHENSIVE INCOME	0	0
NON-CONTROLLING INTERESTS	28,325	29,729

10

Informational data (not a part of the STATEMENTS OF FINANCIAL POSITION)	ENDING CURRENT QUARTER	ENDING PREVIOUS YEAR
	Amount	Amount
			SHORT-TERM FOREIGN CURRENCY LIABILITIES	3,962,931	3,962,931
LONG-TERM FOREIGN CURRENCY LIABILITIES	488,242	488,242
CAPITAL STOCK (NOMINAL)	2,420,230	2,420,230
RESTATEMENT OF CAPITAL STOCK	412,038	412,038
PLAN ASSETS FOR PENSIONS AND SENIORITY PREMIUMS	0	0
NUMBER OF EXECUTIVES (+)	62	55
NUMBER OF EMPLOYEES (+)	1,544	1,453
NUMBER OF WORKERS (+)	3,355	3,057
OUTSTANDING SHARES (+)	497,709,214	497,709,214
REPURCHASED SHARES (+)	37,463,000	37,367,000
RESTRICTED CASH (1)	0	0
GUARANTEED DEBT OF ASSOCIATED COMPANIES	0	0

(1) This concept must be filled when there are guarantees or restrictions that affect cash and cash equivalents

(*) Data in units

11

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC		QUARTER: 2	YEAR 2026
STATEMENTS OF COMPREHENSIVE INCOME
GRUPO SIMEC, S.A.B. DE C.V			CONSOLIDADO
(THOUSAND PESOS)
ACCOUNT	CURRENT YEAR		PREVIOUS YEAR
	ACCUMULATED	QUARTER	ACCUMULATED	QUARTER
REVENUE	16,185,772	8,154,243	14,834,750	7,052,139
SERVICES	0	0	0	0
SALE OF GOODS	16,185,772	8,154,243	14,834,750	7,052,139
INTERESTS	0	0	0	0
ROYALTIES	0	0	0	0
DIVIDENDS	0	0	0	0
LEASES	0	0	0	0
CONSTRUCTIONS	0	0	0	0
OTHER REVENUE	0	0	0	0
COST OF SALES	12,013,578	6,116,775	11,166,978	5,380,759
GROSS PROFIT	4,172,194	2,037,468	3,667,772	1,671,380
GENERAL EXPENSES	1,485,976	777,118	1,307,231	674,588
PROFIT (LOSS) BEFORE OTHER INCOME (EXPENSE), NET	2,686,221	1,260,350	2,360,541	996,792
OTHER INCOME (EXPENSE), NET	76,307	37,165	263,775	201,470
OPERATING PROFIT (LOSS) (*)	2,762,528	1,297,515	2,624,316	1,198,262
FINANCE INCOME	488,078	350,924	540,214	300,740
INTEREST INCOME	466,838	329,684	540,214	300,740
GAIN ON FOREIGN EXCHANGE, NET	0	0	0	0
GAIN ON DERIVATIVES, NET	0	0	0	0
GAIN ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS	0	0	0	0
OTHER FINANCE INCOME	21,240	21,240	0	0
FINANCE COSTS	435,270	609,697	2,385,457	2,202,967
INTEREST EXPENSE	69,826	30,831	53,119	26,617
LOSS ON FOREIGN EXCHANGE, NET	365,444	578,012	2,332,338	2,176,350
LOSS ON DERIVATIVES, NET	0	0	0	0
LOSS ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS	0	0	0	0
OTHER FINANCE COSTS	0	0	0	0
FINANCE INCOME (COSTS), NET	52,808	(258,773)	(1,845,243)	(1,902,227)
SHARE OF PROFIT (LOSS) OF ASSOCIATES AND JOINT VENTURES	0	0	0	0
PROFIT (LOSS) BEFORE INCOME TAX	2,815,336	1,038,742	779,073	(703,965)
INCOME TAX EXPENSE	499,165	428,263	475,882	296,882
CURRENT TAX	513,198	435,298	383,227	197,427
DEFERRED TAX	(14,033)	(7,035)	92,655	99,455
PROFIT (LOSS) FROM CONTINUING OPERATIONS	2,316,171	610,479	303,191	(1,000,847)
PROFIT (LOSS) FROM DISCONTINUED OPERATIONS	0	0	0	0
NET PROFIT (LOSS)	2,316,171	610,479	303,191	(1,000,847)
PROFIT (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	(975)	(494)	(1,106)	(467)
PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT	2,317,146	610,973	304,297	(1,000,380)
BASIC EARNINGS (LOSS) PER SHARE	4.7	1.2	0.61	(2.01)
DILUTED EARNINGS (LOSS) PER SHARE	0	0	0	0

12

OTHER COMPREHENSIVE INCOME
(NET OF INCOME TAX)
NET PROFIT (LOSS)	2,316,171	610,479	303,191	(1,000,847)
DISCLOSURES NOT BE RECLASSIFIED ON INCOME
PROPERTY REVALUATION GAINS	0	0	0	0
ACTUARIAL EARNINGS (LOSS) FROM LABOR OBLIGATIONS	0	0	0	0
SHARE OF INCOME ON REVALUATION ON PROPERTIES OF ASSOCIATES AND JOINT VENTURES	0	0	0	0
DISCLOSURES MAY BE RECLASSIFIED SUBSEQUENTLY TO INCOME
FOREING CURRENCY TRANSLATION	(355,331)	(1,266,705)	69,281	(1,249,693)
CHANGES IN THE VALUATION OF FINANCIAL ASSETS HELD-FOR-SALE	0	0	0	0
CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS
CHANGES IN FAIR VALUE OF OTHER ASSETS	0	0	0	0
SHARE OF OTHER COMPREHENSIVE INCOME OF ASSOCIATES AND JOINT VENTURES	0	0	0	0
OTHER COMPREHENSIVE INCOME	0	0	108,528	0
TOTAL OTHER COMPREHENSIVE INCOME	(355,331)	(1,266,705)	177,809	(1,249,693)
TOTAL COMPREHENSIVE INCOME	1,960,840	(656,226)	481,000	(2,250,540)
COMPREHENSIVE INCOME, ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	(429)	(363)	(2,926)	(2,175)
COMPREHENSIVE INCOME, ATTRIBUTABLE TO OWNERS OF PARENT	1,961,269	(655,863)	483,926	(2,248,365)
Informational data (not part of the statement)	CURRENT YEAR		PREVIOUS YEAR
	ACCUMULATED	QUARTER	ACCUMULATED	QUARTER
OPERATING DEPRECIATION AND AMORTIZATION	591,577	302,678	541,487	275,471
EMPLOYEE PROFIT SHARING EXPENSE	0	0	0	0
Informative data (12 Months)	YEAR
	CURRENT	PREVIOUS
REVENUE NET (**)	31,642,426	32,213,441
OPERATING PROFIT (LOSS) (**)	5,343,301	5,009,225
PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT(**)	3,460,725	5,323,913
NET PROFIT (LOSS) (**)	3,459,616	5,331,107
OPERATING DEPRECIATION AND AMORTIZATION (**)	1,077,980	1,077,980
(*) TO BE DEFINED BY EACH COMPANY
(**) INFORMATION FOR THE LAST 12 MONTHS

13

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC	YEAR 2026	QUARTER: 2
GRUPO SIMEC, S.A.B. DE C.V
STATEMENTS OF CASH FLOWS
		CONSOLIDADO
(THOUSAND PESOS)
CONCEPTS	CURRENT YEAR	PREVIOUS YEAR
	Amount	Amount
OPERATING ACTIVITIES
PROFIT (LOSS) BEFORE INCOME TAX	2,815,336	779,073
+(-) ITEMS NOT REQUIRING CASH	0	0
+ ESTIMATE FOR THE PERIOD	0	0
+ PROVISION FOR THE PERIOD	34,532	(5,419)
+(-) OTHER UNREALISED ITEMS	0	0
+(-) ITEMS RELATED TO INVESTING ACTIVITIES	103,499	1,273
DEPRECIATION AND AMORTISATION FOR THE PERIOD	591,577	541,487
(-)+ GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT	0	0
+(-) LOSS (REVERSAL) IMPAIRMENT	0	0
(-)+ EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES	0	0
(-) DIVIDENDS RECEIVED	0	0
(-) INTEREST RECEIVED	(488,078)	(540,214)
(-) EXCHANGE FLUCTUATION	0	0
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH	0	0
+(-) ITEMS RELATED TO FINANCING ACTIVITIES	69,826	53,119
(+) ACCRUED INTEREST	69,826	53,119
(+) EXCHANGE FLUCTUATION	0	0
(+) DERIVATIVE TRANSACTIONS	0	0
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH	0	0
CASH FLOWS BEFORE INCOME TAX	3,023,193	828,046
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES	(3,328,249)	(2,356,198)
+(-) DECREASE (INCREASE) IN TRADE ACCOUNTS RECEIVABLE	(1,276,345)	503,435
+(-) DECREASE (INCREASE) IN INVENTORIES	(893,880)	(109,002)
+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE	(178,227)	(543,249)
+(-) INCREASE (DECREASE) IN TRADE ACCOUNTS PAYABLE	83,352	(771,676)
+(-) INCREASE (DECREASE) IN OTHER LIABILITIES	(1,063,149)	(1,435,706)
+(-) INCOME TAXES PAID OR RETURNED	0	0
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES	(305,056)	(1,528,152)
INVESTING ACTIVITIES
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES	(720,949)	(10,967)
(-) PERMANENT INVESTMENTS	0	0
+ DISPOSITION OF PERMANENT INVESTMENTS	0	0
(-) INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT	(1,171,995))	(1,377,247))
+ SALE OF PROPERTY, PLANT AND EQUIPMENT	0	0
(-) TEMPORARY INVESTMENTS	0	0
+ DISPOSITION OF TEMPORARY INVESTMENTS	0	0
(-) INVESTMENT IN INTANGIBLE ASSETS	0	0
+ DISPOSITION OF INTANGIBLE ASSETS	0	0
(-) ACQUISITIONS OF VENTURES	0	0
+ DISPOSITIONS OF VENTURES	0	0
+ DIVIDEND RECEIVED	0	0
+ INTEREST RECEIVED	488,078	540,214
+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS	0	0
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH	(37,032)	826,066
FINANCING ACTIVITIES
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES	(87,590)	(118,063)
+ BANK FINANCING	0	0
+ STOCK MARKET FINANCING	0	0
+ OTHER FINANCING	0	0
(-) BANK FINANCING AMORTISATION	0	0
(-) STOCK MARKET FINANCING AMORTISATION	0	0
(-) OTHER FINANCING AMORTISATION	0	0
+(-) INCREASE (DECREASE) IN CAPITAL STOCK	0	0
(-) DIVIDENDS PAID	0	0
+ PREMIUM ON ISSUANCE OF SHARES	0	0
+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES	0	0
(-) INTEREST EXPENSE	69,826	53,119
(-) REPURCHASE OF SHARES	17,764	64,944
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,113,595)	(1,657,182)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	25	2,148
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	28,550,863	29,158,227
CASH AND CASH EQUIVALENTS AT END OF PERIOD	27,437,293	27,503,193

14

			QUARTER: 2	YEAR 2026
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. STATEMENTS OF CHANGES IN EQUITY
CLAVE DE COTIZACION: SIMEC
GRUPO SIMEC, S.A.B. DE C.V
				(THOUSAND PESOS)
CONCEPTS	CAPITAL STOCK	SHARES REPURCHASED	PREMIUM ON ISSUANCE OF SHARES	CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES
BALANCE AT 1 JANUARY 2025	2,832,268	4,481,816	4,575,233
RETROSPECTIVE ADJUSTMENTS
APPLICATION OF COMPREHENSIVE INCOME  TO RETAINED EARNINGS
RESERVES
DIVIDENDS
CAPITAL INCREASE (DECREASE)
REPURCHASE OF SHARES		64,945
(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES
(DECREASE) INCREASE IN NON-CONTROLLING INTERESTS
OTHER CHANGES			0
COMPREHENSIVE INCOME
BALANCE AT _30 JUNE 2025_________	2,832,268	4,546,761	4,575,233	0
BALANCE AT 1 JANUARY 2025	2,832,268	4,597,594	4,575,233	0
RETROSPECTIVE ADJUSTMENTS
APPLICATION OF COMPREHENSIVE INCOME TO RETAINED EARNINGS
RESERVES
DIVIDENDS
CAPITAL INCREASE (DECREASE)
REPURCHASE OF SHARES		17,764
(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES
(DECREASE) INCREASE IN NON-CONTROLLING INTERESTS
OTHER CHANGES			0
COMPREHENSIVE INCOME
BALANCE AT 30 JUNE 2026	2,832,268	4,615,358	4,575,233	0

15

			QUARTER: 2	YEAR 2026
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. STATEMENTS OF CHANGES IN EQUITY
CLAVE DE COTIZACION: SIMEC
GRUPO SIMEC, S.A.B. DE C.V
				(THOUSAND PESOS)

OTHER CONTRIBUTED CAPITAL	RETAINED EARNINGS (ACCUMULATED LOSSES)		ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	EQUITY ATTRIBUTABLE TO OWNERS OF PARENT	NON- CONTROLLING INTERESTS	TOTAL EQUITY
	RESERVES	UNAPPROPRIATED EARNINGS (ACCUMULATED LOSSES)
(27,707)	7,000,000	52,872,673,	(3,556,863)	59,213,788	28,224	59,242,012
108,528				108,528		108,528
				(64,945)		(64,945)
			71,101	71,101	(1,820)	69,281
		304,297		304,297	(1,106)	303,191
80,821	7,000,000	53,176,969	(3,485,762)	59,632,768	25,298	59,658,066
80,821	7,000,000	54,369,077	(5,055,684)	59,204,121	29,729	59,233,850
0				0		0
				(17,764)		(17,764)
			(354,902)	(354,902)	(429	(355,331
		2,317,146		2,317,146	(975)	2,316,171
80,821	7,000,000	56,686,223	(5,410,586)	61,148,601	28,325	61,176,926

16

Grupo Simec, S.A.B. de C.V. and Subsidiaries

(Subsidiary of Industrias CH, S.A.B. de C.V.)

Notes to the consolidated financial statements

1. Nature of business and relevant events

Nature of business – The principal activities of Grupo Simec, S.A.B. de C.V. and subsidiaries (the Company) are the manufacture and sale of special bar quality “SBQ” commercial and profiles structural steel products for the automotive and construction industries both in Mexico, the United States (USA) and Canada. The Company is a subsidiary of Industrias CH, S.A.B. de C.V. (Industrias CH). The Company is a private company with limited liability incorporated and existing under the laws of Mexico. The address of its registered office and place of business is Calzada Lazaro Cardenas 601, Guadalajara, Jalisco, Mexico.

2. Basis of preparation

a. The consolidated financial statements- As result of the adoption of IFRS mentioned in note 1, consolidated financial statement, interim no audited, have been prepared according to IAS 34, financial information interim, and are part of the first consolidated financial statement according to IFRS, issued to the year ended December 31, 2012, for this reason we have adopted the disposition of IFRS 1, additionally , this consolidated financial statement not include the information and disclosure required for annual financial statement according with IFRS.

The Company has included recurring adjustment accounting estimates considered necessary for presentation of the consolidated financial statements interim no audited according to IAS 34. Comprehensive income for the fourth quarter ended December 31, 2012 is not necessarily an indicator of comprehensive income that could be expected for the year ended December, 31 2012.

The account policies applied to these financial statement are consistent with those applied to the consolidated financial statement at December 31, 2025.

The financial statements presented on this report were prepared under International Financial Reporting Standard (IFRS).

b. Historic Cost- consolidated financial statement have been prepared on the historical cost basis, except for certain financial instruments valued to fair value which are valued to fair value. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

c. Consolidated Base-consolidated financial statement included of Grupo Simec, S. A. B. de C. V. and the entities (including special purpose entities) controlled by the company (its subsidiaries). Control its obtained when the Company has the power to govern the financial and operating policies of an entity to obtain benefits from its activities. The outcome of subsidiaries acquired or sold during the year include in the consolidated statement of comprehensive income from acquisition date or the date of sale, as the case. Comprehensive income is attributed to both, the company and non-controlling interest even if the non- controlling present a deficit.

If necessary, further adjustments are done on the financial statements of subsidiaries to adapt their accounting policies that are aligned with those used by other group members. All transactions, balances, income and expenses between companies that are consolidated are eliminated on consolidation.

17

The changes in investments in subsidiaries of the company that not resulting in a loss of control is recorded as equity transactions. The book value of investments and equity of the company controlled not adjusted to reflect changes in related investments in subsidiaries. Any difference between the amount for which share are adjusted not controlled and the fair value of consideration paid or received is recognized directly in equity and attributed to the owners of the company.

When the company loss control of a subsidiary, the gain or loss on disposal is computed as the difference between (i) the aggregate fair value of compensation received ant the fair value of any retained interest and (ii) the value prior books of the assets (including goodwill) and liabilities of the subsidiary and any non-controlling interest.

The amounts recognized in other comprehensive income items relating to the subsidiary are recorded (ie to income are reclassified or transferred directly to retained earnings) in the same manner established for the case of the availability of assets or liabilities relevant. The fair value of any investment retained in the former subsidiary at the date of loss of control is considered fair value for the initial recognition in subsequent accounting according to IAS 39 “Financial Instruments Recognition and Measurement”, or if applicable, the cost on initial recognition of an investment in an associate or under joint control entity.

Business acquisitions recorded using the purchase method. The consideration given for each acquisition are measured at fair value at the date of exchange, of assets given, liabilities incurred or assumed and equity instruments issued by the company in exchange for control of the acquire. Cost related to the acquisition is recognized in income incurred.

The identifiable assets acquired and liabilities assumed are recognized at the fair value at the acquisition date, except that:

- Assets and liabilities deferred income tax liabilities or assets and related agreements, employee benefits are recognized and valued in accordance with IAS 12, “Income tax and IAS 19, employee benefits, respectively;

- Liabilities or equity instruments related to the replacement by the Company acquired the business incentive base payments in shares, are valued in accordance with IFRS 2, “Share based payment” and.

The assets or group of assets for sale are classified as held for sale under IFRS 5, long term assets available for sale and discontinued operation, are valued pursuant with this standard.

Goodwill is recognized as an asset to the date on which control is acquired, the acquisition date and is valued as the excess of the amount of the consideration paid, plus the value of the non-controlling interest in the business acquired over the fair value of the acquired business share in the previously possessed, if any, on the net at the acquisition date of the identifiable assets acquired and liabilities assumed. If the value of these last is higher, the difference shall be recognized immediately in income as a gain from a bargain purchase.

The non-controlling interest on the acquired business should appraise initially at fair value or proportion of the non-controlling interest on the net value at the date of acquisition of the identifiable assets acquired and liabilities assumed. The choice of the basis of valuation of the non-controlling is done case by case.

When the consideration paid by the Company in a business acquisition includes assets or liabilities resulting from a contingent consideration, it is valued at its fair value at the acquisition date and include as part of the consideration paid.

Changes in the fair value of contingent consideration, which they describe as valuation period settings are adjusted against goodwill retrospectively determined.

18

The valuation period settings are settings that are determined as a result of information obtained during the “period of valuation”, which can´t exceed one year from the date of acquisition, on facts and circumstances that existed at the acquisition date. The record of changes in fair value subsequent to the period of valuation is based on the classification of contingent consideration in the statement of financial position. If the contingent consideration is classified as equity, changes in fair value not recorded and the variation may be seen as contingent consideration is recorded in liquid capital. If the contingent consideration is classified an asset or liability, changes in fair value are recognized in accordance with IAS 39 “Financial Instruments Recognition and Valuation, or IAS 37, Provisions. Contingent Liabilities and Contingent assets, as appropriate, and corresponding gain or loss is recorded in the utility.

The initial recognition of business acquisition is not completed at the end of the reporting period, in which acquisition occurs, the Company reported provisional amounts for the items whose recognition is incomplete. During the period of valuation, the Company recognizes adjustments to provisional amounts recognized asset or liability or additional requirements to reflect new information obtained about facts and circumstances that existed at the acquisition date, which if known, would have affected the valuation of amounts recognized at that time.

At June 30, 2026 the subsidiaries of Grupo Simec, S. A. B. de C. V. included in the consolidation are as follows.

		Percentage of equity owned
Subsidiaries established in Mexico:		2026				2025
Compañía Siderúrgica de Guadalajara, S.A. de C.V.			99.99	%			99.99	%
Arrendadora Simec, S.A. de C.V.			100.00	%			100.00	%
Simec International, S.A. de C.V.			100.00	%			100.00	%
Compañía Siderúrgica del Pacífico, S.A. de C.V.			99.99	%			99.99	%
Coordinadora de Servicios Siderúrgicos de Calidad, S.A. de C.V.			100.00	%			100.00	%
Industrias del Acero y del Alambre, S.A. de C.V.			99.99	%			99.99	%
Procesadora Mexicali, S.A. de C.V.			99.99	%			99.99	%
Servicios Simec, S.A. de C.V.			100.00	%			100.00	%
Sistemas de Transporte de Baja California, S.A. de C.V.			100.00	%			100.00	%
Operadora de Servicios Siderúrgicos de Tlaxcala, S.A. de C.V.			100.00	%			100.00	%
Operadora de Metales, S.A. de C.V.			100.00	%			100.00	%
Administradora de Servicios Siderúrgicos de Tlaxcala, S.A., de C.V.			100.00	%			100.00	%
CSG Comercial, S.A. de C.V.			99.95	%			99.95	%
Corporativos G&DL S.A. de C.V.(1)			100.00	%			100.00	%
Operadora de Servicios de la Industria Siderúrgica ICH, S.A. de C.V.			100.00	%			100.00	%
Corporación Aceros DM, S. A. de C. V. y Subsidiarias (3)			100.00	%			100.00	%
Acero Transportes San, S. A. de C. V. (3)			100.00	%			100.00	%
Simec Acero, S.A. de C.V.			100.00	%			100.00	%
Corporación ASL, S. A. de C. V. (1)			99.99	%			99.99	%
Simec International 6, S. A. de C. V. (1)			100.00	%			100.00	%
Simec International 7, S. A. de C. V. (1)			99.99	%			99.99	%
Simec International 9, S. A. P. I. de C.V.			99.99	%			99.99	%
Orge, S.A. de C.V.			99.99	%			99.99	%
Siderurgica de Occidente del Pacifico, S.A. de C.V.			99.99	%			99.99	%
RRLC, S.A DE C.V.			99.99	%			99.99	%
Republic Steel(5)			99.41	%			99.41	%
Pacific Steel, Inc. (5)			100.00	%			100.00	%
Pacific Steel Projects, Inc. (5)			100.00	%			100.00	%
Simec Steel, Inc. (5)			100.00	%			100.00	%
Simec USA, Corp. (5)			100.00	%			100.00	%
Undershaft Investments, NV. (6)			100.00	%			100.00	%
GV do Brasil Industria e Comercio de Aco LTDA (7)			99.99	%			99.99	%
Companhia Siderúrgica do Espirito Santo S.A.(11)			100.00	%			100.00	%
GS Steel B.V			100.00	%			100.00	%
Companhia Soderúrgica Vale do Paraiba LTDA			100.00	%

(1) Entities established in 2010.

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(2) Entities that change their address and fiscal authority, to the state of California, USA through 2011. Since the change, the main activity of this entities is the acquisition of new business or projects (Investment funds).

(3) This Subsidiaries are located in San Luis Potosi, in Mexico, which were acquired by Grupo Simec, S.A.B. de C.V. in 2008. For effects of these Financial Statements, this companies are named as “Grupo San”.

(4) The parent Company ICH it’s the owner of 00.59% of capital stock of this subsidiaries.

(5) Companies established in the United States of America, except for one facility that is established in Canada.

(6) Subsidiary established in Curacao.

(7) Subsidiary established in Brazil. (See paragraph k, below)

d Cost and Expenses Classification - Are presented its function due the practice of industry belong the Company.

3. Summary of significant account policies.

a. Conversion of financial Statement of Foreign Subsidiaries

As a result of early adoption of IFRS as mentioned in Note 1, the financial statements have been prepared in accordance with IFRS-1, First-time Adoption of International Financial Reporting Standards.

The functional and reporting currency of the Company is the Mexican peso. The financial statements of foreign subsidiaries were translated to Mexican pesos in accordance with International Accounting Standard (IAS) 21, “The Effects of Changes in Foreign Exchange Rates”. Under this standard, the first step to convert financial information from foreign operations is the determination of the functional currency. The functional currency is the currency of the primary economic environment of the foreign operation or, if different, the currency that mainly impacts its cash flows.

The U.S. dollar is considered as the functional currency of the U.S. subsidiaries, SimRep Corporation and Subsidiaries, Inc (Republic) and Pacific Steel Inc. and the Brazilian real for GV do Brasil Industria e Comercio de Aco LTDA., therefore the financial statements of these subsidiaries were translated into Mexican pesos by applying:

a. The exchange rates at the balance sheet date to all assets and liabilities.

b. The historical exchange rate at stockholders’ equity accounts and revenues, costs and expenses.

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Relevant exchange rates used in the preparation of the consolidated financial statements were as follows (Mexican pesos per one U.S. dollar):

Current exchange rate as of March 31, 2026			18.1033
Current exchange rate as of June 30, 2026			17.5053
Current exchange rate as of September 30, 2025			18.3507
Current exchange rate as of December  31, 2025			17.9528

b. Cash and cash equivalents

Cash consists of deposits in bank accounts that do not generate interest. Cash equivalents consists in temporary investments refer to short- term fixed income investments whose original maturity is less than three months. These investments are expressed at cost plus accrued yields. The value so determined is similar to their fair value

c. Allowances for doubtful accounts

The Company follows the practice of recording an estimation of an allowance for doubtful accounts, which is computed considering the balance of customer with age higher than one year, those under litigation or the possible loss for non-fulfillment of the customer. Actual result may differ materially from these estimates in the future.

d. Inventories and cost of sales

Inventories are recorded at the lower of acquisition cost and production, which cost do not exceed the market value or net realizable value. The allocation of cost used is the average cost method. The net realization value represent the estimated selling price for inventories less all costs to complete all necessary costs and for sale.

The Company classifies the raw materials inventory on the balance according to the expected date of consumption but she represented as long term inventory who according to historical data and trends, are not consumed in the short term (one year).

The Company follows the practice of creating a reserve for slow moving inventory, considering all of products and raw materials with turnover greater than one year.

e. Property Plant and equipment- Are recorded at cost less any recognized impairment loss. The cost include professional fees and, for qualifying assets, borrowing costs capitalized in accordance with the accounting policies of the Company. Depreciation is recognized for writing off the cost of assets (other than land and properties under construction) less its residual value over their useful lives using the straight-line method, and commences when the assets are ready for their intended use. The estimated useful-lives, residual values and depreciation method are reviewed at the end of each year, and the effect of any change in the estimate recorded is recognized on a prospective basis.

Land is not depreciated.

Property, plant and equipment fail to recognize when they are available or when no future economic benefits expected from its use. The gain or (loss) arising on the disposal or retirement of assets, is the difference between income from the sale and book value of the asset and is recognized in income.

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The estimated useful lives of the main assets of the Company are:

		Years
Buildings			10 to 65
Machinery and equipment			5 to 40
Transportation equipment			4
Furniture, mixtures and computer equipment			3 to 10

f. Leasing- Leases are classified as financial leases when the terms of the lease transfer substantially all the risk and benefits inherent to ownership. All other lease transfer classified as operating leases.

The assets held under finance leases are recognized as assets of the Company at their fair value at inception of the lease, or if lower, the present value of minimum lease payments. The corresponding liability to the lessor is included in the statement of financial position as a finance lease liability.

Lease payments are apportioned between the finance charge and the reduction of lease obligation in order to achieve a constant interest rate on the remaining balance of the liability. Finance cost are charged directly to income, unless they can be directly attributable to qualifying assets, in which case it is capitalized in accordance with the general policy of the Company for borrowing costs. Contingent rents are recognized as expenses in the period incurred.

Income payments under operating leases are charged to expense using the straight line method during the period corresponding to the lease, but is more representative of another systematic basis is more representative of the pattern of the benefits of leasing for the user. Contingent rents are recognized as expenses in the period incurred.

If the Company receives incentives to enter an operating lease, these are recognized as a liability and the added benefit of them is recognized as a reduction of rental expenses on a straight-line basis, unless it sis representative as another systematic basis is more representative of the pattern of benefits to the user.

g. Borrowing Cost. Borrowing costs directly attributable to the acquisition construction or production of qualifying assets, which are assets that require a substantial period of time until ready for use or sale, are added to the cost of those assets during that time until they are ready for use or sale.

The income obtained by the temporary investment of specific borrowings pending funds to be used in qualifying assets is deducted from the borrowing costs eligible for capitalization.

All other borrowing cost are recognized in income during the period they are incurred.

h. Intangible assets- Intangible assets with finite useful- lives acquires separately are recorded at cost less accumulated amortization and accumulated impairment losses. Amortization is based on the straight-line method over their estimated useful lives. The estimated useful lives, residual value and amortization method are reviewed at the end of each year, and the effect of any change in the estimate recorded is recognized on a prospective basis. Intangibles assets with as indefinite useful life acquired separately are recognized at cost less accumulated impairment losses.

Disbursements arising from research activities are recognized as an expense in the period in which incurred.

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An internally generated intangible asset arising out of activities of development (or from the development phase of an internal project) is recognized if and only if all the following have been demonstrated.

- Technical feasibility of completing the intangible asset so that may be available for use or sale,

- The intention of completing the intangible asset and use or sell it,

- The ability to use or sell the intangible asset,

- The manner in which the intangible asset will generate probable future economic benefits,

- The availability of adequate technical, financial or otherwise , to complete the development and use or sell the intangible asset, and

- The ability to value reliably the expenditure attributable to the intangible asset during its development.

The amount initially recognized for internally generated intangible asset is the sum of expenditure incurred from the time that the item meets the conditions for recognition set out above. When you can´t recognize an internally generated intangible asset, the development expenditure is expensed in the period incurred Subsequent to initial recognition, internally generated intangible asset is recognized at cost less accumulated depreciation and any accumulated impairment losses, on the same basis intangibles assets acquired separately.

When an intangible asset acquired in a business combination and recognized separately from goodwill, its cost is its fair value at the acquisition date (which is considered as its cost). Subsequent to initial recognition, an intangible asset acquired in a business combination are recognized at cost less accumulated depreciation and any accumulated impairment losses, on the same basis as intangible assets acquired separately.

An intangible asset is left to recognize when it is available or when no future economic benefits are expected to use. The gain or (loss) obtained arising from the lowering of intangible, calculated as the difference between the net disposal proceeds and its carrying amount is recognized in earnings.

i. Goodwill- Goodwill arising from a business combination is recognized as an asset at the date on which control is acquired (acquisition date) less accumulated impairment losses. For purposes of assessing impairment, goodwill is allocated to each cash generating units of the Company expects to benefit from the synergies of this combination. The cash generating units to which goodwill is allocated are subject to impairment reviews annually, or more frequently if there is an indication that the unit may be impaired. If the recoverable amount of the cash generating units less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of the unit, based on the carrying amount of each asset in the unit. The impairment loss recognized for goodwill purposes can´t be reversed at a later period. Having a cash generating unit, the amount attributable to goodwill is included in determining the gain or loss on disposal.

j. Impairment of tangible and intangible assets excluding goodwill- To the end of each year, the Company reviews the carrying amounts of its tangible and intangible assets to determine whether there is an indication that those assets have suffered any loss deterioration. If there is any indication, we calculate the assets have recoverable amount to determine the extent of the impairment loss (if any). When it is not possible to estimate the recoverable amount of an individual asset, the Company estimate the recoverable amount of the cash generating unit to which the asset belong. When you can identify a reasonable and consistent distribution of corporate assets are also allocated to individual cash generating units, or otherwise, are assigned to the smallest group of cash generating units for which can be identified based reasonable and consistent distribution. Intangible assets with an indefinite useful life or not yet available for use, are subjected to test for purposes of impairment at least annually and whenever there is an indication that the asset may be impaired. The recoverable amount is the higher of fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate before tax that reflects current market assessments of the value of money and the risks specific to the asset for which have not been adjusted estimates of future cash flows. If it is estimated that the recoverable amount of an asset (or cash generating unit) is less than its carrying amount, the carrying amount of the asset (cash generating unit) is reduced to its recoverable amount. Impairment losses are recognized immediately in profit or loss unless the assets is carried at revalued amount, in which case should be considered an impairment loss as a revaluation decrease, where an impairment loss subsequently reverses, the carrying amount of the asset (cash generating unit) is increased to the revised estimated recoverable amount, so that the increased carrying amount does not exceed the carrying amount is have not been determined whether an impairment loss recognized for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss unless the assets is recognized to an amount revalued in which case the reversal of the impairment loss is treated as a revaluation increase.

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k. Provisions -. Provisions are recognized when the Company has a present obligation (legal or assumed) as a result of past events, if it is likely that the Company has to liquidate the obligation and reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the expenditure required to settle the present obligation at the end of the reporting period under review, taking into account the risk and uncertainties that surround obligation. When a provision is valued using cash flows estimated to settle the present obligation, its carrying amount represent the present value of those cash flows.

When expected to recover from a third party of some or all the economic benefits required to settle a provision is recognized a receivable as an asset if it is virtually certain to be received the disbursement and the amount of the receivable can be valued reliably.

l. Cost of retirement benefits. Contributions to benefit plans to defined contribution retirement are recognized as expenses at the time the employees render the services that entitle them to the contributions.

In the case of defined benefit plans, the cost of such benefits are determined using the projected unit credit method, with actuarial valuation carried out at the end of each period being reported. Gain and losses that exceed 10% of the greater of the present value of defined benefit obligations of the Company and the fair value of plan assets at the end of last year, are amortized over the estimated average remaining working lives of employees participating in the plan. The past service costs are recognized immediately to the extent that benefits are acquired otherwise, are amortized using the straight-line method over the average period until the benefits become acquired.

The retirement benefit obligation recognized in the statement of financial position represent the present value of defined benefit obligation, adjusted for gains and losses not recognized and the costs of unrecognized past service, less the fair value of the plan assets. Any asset that arises from this calculation is limited to unrecognized actuarial losses and past service cost, plus the present value of reimbursements and reductions in future contributions to the plan.

m. Income per share- Earnings per share are calculated by dividing net income controlling interest by the weighted average of common shares outstanding for each of the periods presented.

n. Income Taxes. Expense for income taxes represent the sum of the resulting income taxes payable and deferred income tax.

Current Income Tax- The current income tax is the higher income tax (ISR) and the flat rate business tax (Flat Tax) and is recognized in income in the year they are incurred. The income tax payable is based on fiscal profits and cash flows of each year respectively. The fiscal profit differs from profit reported in the consolidated statement of comprehensive income due to items of income or expenses taxable and deductible in other years and items that are never taxable or deductible. The company´s liability for taxes due is computed using tax rates enacted or substantially approved at the end of the period over which it is reported.

Deferred Income Tax- The company determined, based on financial projections, determine whether ISR or Flat Tax in the future and recognize the corresponding deferred tax on the tax it paid. Deferred tax is recognized temporary differences between the carrying amount of assets and liabilities included in the financial statements and the corresponding tax base used to determine the tax profit, using the liability method. The deferred tax liability is generally recognized for all temporary tax differences. It recognizes a deferred tax asset, because of all deductible temporary differences, as far as is probable that the future taxable profits available against which to apply those deductible temporary differences. These assets and liabilities are not recognized if temporary differences arise from goodwill or the initial recognition (other than the business combination) of other assets and liabilities in a transaction that affects neither the tax profit accounting profit.

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The carrying value of deferred tax asset should be reviewed at the end of each year and should be reduced to the extent deemed unlikely to have sufficient taxable profits to allow it to recover all or a portion of the asset.

Assets and deferred tax liabilities are computed using tax rates expected to apply in the period when the liability is paid or the asset is realized, based on the rates (and tax act) that have been approved or substantially approved the end of the reporting period under review. The valuation of liabilities and deferred tax assets reflects the tax consequences that would result from the way the Company expects, at the end of the reporting period under review, to recover or settle the carrying amount of assets and liabilities.

It also recognizes a deferred tax asset for the estimated future effects of tax loss carry-forwards and tax credits recoverable asset. It records a valuation allowance to reduce the balance of deferred tax assets to the amount of future net benefits are more likely than not they do.

Deferred tax assets and deferred tax liabilities are offset when there is a statutory right to offset short-term assets with short term liabilities as they relate to income taxes for the same taxation authority and the Company intends to liquidate its assets and liabilities en a net basis.

Current income tax and deferred income tax period. Current and deferred are recognized as income or expense in profit or loss, except when related items that are recognized out of the income, either in other comprehensive income or (loss) or directly in equity, in which case the tax is also recognized outside of the outcome, or when arising on initial recognition of a business combination.

Interest on balance recoverable taxes- Interest on tax receivables balances are presented in the consolidated statement of comprehensive income as interest income.

Income Tax in the interim period - The income tax is recorded in the interim period based on the estimated annual effective rate.

o Foreign currency transaction- In preparing the financials statements of individual entities, transaction in currencies other than the entity´s functional currency (foreign currencies) are recorded using exchange rates prevailing at the dates on which operations are carried out. At the end each reporting period, monetary items denominated in foreign currency are converted at exchange rates prevailing at that time.

The exchange rate differences are recognized in the income statement except:

- Foreign exchanges differences from foreign currency denominated loans relate to assets under construction for future productive use, which are included in the cost of those assets when considered as an adjustment to interest cost on loans denominated in foreign currency,

- Differences on exchange derived from transaction related to hedging exchange rate risks, and

- Differences in exchange rate from monetary items receivable from or payable to a foreign operation for which it is planned or is it possible to make a payment (forming part of the investment in foreign operations), which are initially recognized in other comprehensive income and reclassified from equity to profit or loss when selling all or part of investment.

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p. Financial Instruments – assets and liabilities are recognized when the Company is part of the contractual provisions of the instrument.

The assets and liabilities are measured initially at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and liabilities are increased or decreased from its fair value, as appropriate, on initial recognition, the transaction costs directly attributable to the acquisition of assets or liabilities at fair value through income is recognized immediately in earnings.

q- Financial assets- Financial assets are classified into the following specific categories, “financial assets at fair value through income”, “preserved at maturity investment”, “financial assets available for sale” and loans and charge receivable. The classification depends on the nature and purpose of financial assets and is determined at the time of initial recognition. All financial assets are recognized and unknown on trade date where purchase or sale of financial assets is under a contract whose terms require delivery of the asset during a period which is usually set by the relevant market.

The method of the effective interest rate is a method of computed the amortized cost of a financial instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts including all fees on points based on interest paid or received that form an integral of the effective interest rate, transaction costs and other premiums or discounts over the expected life of the debt or financial instrument (where appropriate) in a shorter period, with the carrying amount on initial recognition.

The Company has no financial assets classified as “financial assets at fair value through income”, “preserved at maturity investments” or “financial assets available for sale”,

Accounts receivable, loans and other receivable with fixed or determinable payments that are not trade in an active market are classified as loans and receivable. Loans and receivables are stated at amortized cost using the effective interest method, less any impairment.

Financial assets other than financial assets at fair value through income, are subject testing for effects of impairment at the end of each period which is reported. It is considered that financial assets are impaired when there is objective evidence that as a result of one or more events that occurred after initial recognition of financial asset, the estimated future cash flows of the financial assets have been affected.

The estimates and underlying assumption are reviewed on a regular basis. The reviews at accounting estimates are recognized in the period of the review and future periods if the review affects both current period and to subsequent periods.

Objective evidence of impairment could include:

- Significant financial difficulties of the issuer or counterparty, or

- Non-payment of interest or principal, or

- It is likely that the borrower will enter bankruptcy of financial reorganization, or

- The disappearance of an active market where quoted by the financial asset because of financial difficulties.

For certain categories of financial assets such as accounts receivables, assets that have been subjected to testing for effects impairment and have not been impaired as individual, are included in the evaluation of impairment on a collective basis. Among the objective evidence that a portfolio of accounts receivable may be impaired, you could include the past experience of the Company with respect to the collection, an increase in the number of last payments in the portfolio in excess of the average credit period of 60 days as well as changes observable in national and local economic conditions that correlate with default on payments.

For financial assets carried at amortized cost, the amount of impairment loss recognized is the difference between the book value of assets and present value of future cash receipts discounted at the original effective interest rate of the asset financial.

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The carrying value of financial assets is reduced by the impairment loss directly for all financial assets except for accounts receivable, where the carrying amount is reduced through an account estimate for doubtful accounts. When you consider that a receivable is uncollectible, it is removed from the estimate. The subsequent recovery of amounts previously deleted become claims against the estimate. Changes in the carrying value of the account of the estimate is recognized in income.

Except for equity instruments available for sale, if, in a subsequent period, the amount of the impairment loss decreases and this decrease can be related objectively to an event that occurs after recognition of impairment, impairment loss previously recognized is reversed through income to the extent that the carrying amount of investment to date reversed the impairment does not exceed the amortized cost would have been if he had not recognized the damage.

The company fails to recognize a financial asset only when the contractual rights on the cash flows of financial assets, and transfers substantially all the risk and benefits inherent to the ownership of financial assets. If the Company neither transfer not retains substantially all the risks and benefits inherent to the ownership and continues to retain control of the asset transferred, the Company recognizes its interest in the asset and liability associated to the amounts that would have to pay. If the Company retains substantially all risks and benefits inherent in ownership of transferred financial asset, the Company continues to recognize the financial asset and also recognizes collateral for loan funds received.

When fully unknown a financial asset, the difference in value of the asset and the amount of the consideration received and the cumulative gain or loss that has been left to recognize in other comprehensive income (loss) and accumulated in the equity is recognized in income.

Not knowing a financial asset in part (where the Company retains the option to repurchase part of a transferred asset, or retains a residual interest that does not result in the retention of substantial risk and benefits property and the company retains control), the Company distributed the previous value of the asset financial between the part that continues to be recognized and the part no longer recognized based on the fair value of those parts of the date of transfer. The difference between the carrying amount allocated to the party is no longer recognized and the amount of the consideration received by such party, and any cumulative gain or loss allocated to it has been recognized in other comprehensive income (loss) will be recognized in income.

s. Financial liabilities – debt and equity instruments issued by the Company are classified as either financial liabilities or equity in accordance with the substance of the contractual arrangements and the definition of a financial liability and equity instrument. Financial liabilities are classified either as “financial liabilities at fair value through income “or” other financial liabilities”-

Financial liability at fair value through income is a financial liability is classified as held trading or is designated as fair value through income.

A financial liability is classified as held for trading if:

- Is acquired principally for the purpose of repurchasing in the near future, or,

- On initial recognition is part of identified financial instruments that are managed together and for which there is evidence of a recent pattern of making short-term profits, or

- It is a derivative not designed as hedges and meet the conditions to be effective.

A financial liability other than a financial liability held for trading may be designated as an financial liability at fair value through profit or loss upon initial recognition if:

- This eliminates or significantly reduces an inconsistency in the valuation or recognition that would otherwise arise, or

- The performance of a group of financial assets, financial liabilities or both is managed and evaluated on the basis of fair value, according to an investment strategy or risk management that the entity´s documented, and provide internally about that group, based on their fair value or,

- Part of a contract containing one or more embedded derivatives, and IAS 39, Financial instruments Recognition and Measurement, allow the entire hybrid contract (asset or liability) is designated as at fair value through income.

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Financial liabilities at fair value through income are recorded at fair value recognize any gain or loss arising from the remediation in the income statement. The gain or loss recognized in the statement include any dividend or interest earned from the financial asset and is included under the heading “other gains and losses” in the statement of comprehensive income.

Other financial liabilities, including loans, are valued initially at fair value, net of transaction costs. The method of effective interest rate is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate exactly discounts estimated cash payments over the expected life of the financial liability (or, where appropriate, a short period) to the carrying amount financial liabilities on initial recognition.

The Company writes off financial liabilities if and only if, the Company´s obligations are fulfilled, cancelled or expire. The difference between the carrying amount of financial liability discharged from and the consideration paid and payable is recognized in earnings.

t Derivative financial instruments – The Company uses derivative financial instruments to manage its exposure to risk in the changes in natural gas prices, which is used for production, conducting studies on historical volumes, future requirements or commitments, reducing the exposure to risks outside the normal operation of the Company.

Derivatives are initially recognized at fair value at the date the derivative contract subscribe and then remiden at fair value at the end of the reporting period. The gain or loss is recognized in income immediately unless the derivative is designated and is effective as a hedging instrument, in which case the timing of the recognition results depend on the nature of the hedging relationship.

In order to mitigate the risks associated with fluctuations in the price of natural gas, whose price is based on supply and demand from major markets, the Company uses exchange contracts or swaps cash flow of natural gas, where price the Company receives floating and pays fixed price. Fluctuations in the price of this energy input from consumed volumes are recognized as part of the operating costs of the Company.

At the beginning of the hedging relationship, the Company documents the relationship between the hedging instrument and hedged item, along with its risk management objective and strategy of hedging transactions. Additionally, the inception of the hedge and on an ongoing basis, the Company documents whether the hedging instrument is highly effective in offsetting the exposure to change in fair value or changes in cash flows of the hedged item.

The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flows hedges is recognized in other comprehensive income and accumulated under the title of the fair value of derivative financial instruments, net of profit taxes. Gains and losses on the ineffective portion of the hedging instrument is recognized instrument is recognized immediately in income, and is included in other income (expense)

The Company periodically assesses the changes in cash flows from derivative financial instruments to analyze if the swaps are highly effective in reducing exposure to fluctuations in the price of natural gas. A hedging instrument is considered highly effective when changes in fair value or cash flows of the primary position are compensated on a regular basis or as a whole, by changes in the fair value or cash flows of the hedging instrument in a range between 80% and 125%.

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Amounts previously recognized in other comprehensive income and accumulated in equity are reclassified to earning in the periods when the hedged item is recognized in income in the same area of the statement of comprehensive income of hedged item recognized. However, when a forecast transaction that is covered gives rise to the recognition of a non-financial asset or liability is not financial gain or loss previously accumulated in equity are transferred and include in the initial valuation of the cost of the asset does not financial or nonfinancial liabilities.

Hedge accounting is discontinued when the Company reverses the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or no longer meets the criteria for hedge accounting. Any cumulative gain or loss on the hedging instrument that is recognized in equity remain in equity until the forecast transaction is ultimately recognized in the results. When no longer expects the forecast transaction occurs, the cumulative gain or loss in equity is immediately reclassified the results.

u. Revenue recognition – Revenue is recognized in the period in which transfer the risks and benefits of inventories to customer who purchased them, which usually coincides with the delivery of products to customers in fulfilling their orders. Net sales represent the goods sold at list price, less returns received and discounts.

V. Segments Information – Segment information is presented in accordance with the region and due to the operation business is presented in accordance with the information used by management for decision making purposes.

w. Earnings (loss) per share

Income per share is calculated by dividing controlling net income or loss, by the weighted average shares outstanding during each year presented.

29

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC				QUARTER: 2	YEAR 2026
GRUPO SIMEC, S.A.B. DE C.V					CONSOLIDADO
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
	(THOUSAND PESOS)
COMPANY NAME	PRINCIPAL ACTIVITY	NUMBER OF SHARES	% OWNERSHIP	TOTAL AMOUNT
				ACQUISITION COST	CURRENT VALUE
SIMEC INTERNATIONAL	FABRICACION Y VENTA DE PROD. DE ACERO	0	99.99	0	0
ARRENDADORA SIMEC	FABRICACION Y VENTA DE PROD DE ACERO	0	100.00	0	0
PACIFIC STEEL	COMPRA VENTA DE CHATARRA	0	100.00	0	0
CIA SIDERURGICA DEL PACIFICO	ARRENDADORA DE INMUEBLES	0	99.89	0	0
COORDINADORA DE SERVICIOS	PRESTACION DE SERVICIOS	0	100.00	0	0
INDUSTRIA DEL ACERO Y EL ALAMBRE	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
PROCESADORA MEXICALI	COMPRA VENTA DE CHATARRA	0	99.99	0	0
SERVICIOS SIMEC	PRESTACION DE SERVICIOS	0	100.00	0	0
SISTEMAS DE TRANSPORTE DE BAJA CALIFORNIA	TRANSPORTISTA	0	100.00	0	0
OPERADORA DE METALES	PRESTACION DE SERVICIOS	0	100.00	0	0
OPERADORA DE SERVICIOS SIDERURGICOS DE TLAXCALA	PRESTACION DE SERVICIOS	0	100.00	0	0
ADMINISTRADORA DE SERV SIDERURGICOS DE TLAXCALA	PRESTACION DE SERVICIOS	0	100.00	0	0
REPUBLIC STEEL	FABRICACION Y VENTA DE PROD DE ACERO	0	99.41	0	0
OPERADORA DE SERV DE LA INDUSTRIA SIDERURGICA	PRESTACION DE SERVICIOS	0	100.00	0	0
CSG COMERCIAL	COMPRA VENTA DE PROD DE ACERO	0	99.95	0	0
COORPORACION ACEROS DM	SUB-HOLDING	0	99.99	0	0
COMERCIALIZADORA ACEROS DM	COMPRA VENTA DE PROD DE ACERO	0	100.00	0	0
PROMOTORA ACEROS SAN LUIS	COMPRA VENTA DE PROD DE ACERO	0	100.00	0	0
UNDER SHAFT	SUB-HOLDING	0	100.00	0	0
PROCESADORA INDUSTRIAL	PRESTACION DE SERVICIOS	0	99.99	0	0
CORPORATIVOS G&DL	PRESTACION DE SERVICIOS	0	100.00	0	0
ACERO TRANSPORTE SAN	TRANSPORTISTA	0	100.00	0	0
SIMEC INTERNATIONAL 6	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
SIMEC INTERNATIONAL 7	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
SIMEC ACERO	COMPRA VENTA DE PROD DE ACERO	0	100.00	0	0
SIMEC USA	COMPRA VENTA DE PROD DE ACERO	0	100.00	0	0
PACIFIC STEEL PROJECTS	PRESTACION DE SERVICIOS	0	100.00	0	0
SIMEC STEEL	PRESTACION DE SERVICIOS	0	100.00	0	0
CIA SIDERURGICA DE GUADALAJARA	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
CORPORACION ASL	COMPRA VENTA DE PROD DE ACERO	0	99.99	0	0
GV DO BRASIL	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
COMPANHIA SIDERURGICA VALE DO PARAIBA LTDA	FABRICACION Y VENTA DE PROD DE ACERO	0	100.0	0	0
ORGE	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
SIDER DE OCCIDENTE DEL PACIFICO, S.A. DE C.V.	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
RRLC	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
SIMEC INTERNATIONAL 9	FABRICACION Y VENTA DE PROD DE ACERO	0	99.99	0	0
TOTAL INVESTMENT IN ASSOCIATES				0	0

30

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC															QUARTER: 2	YEAR 2026
GRUPO SIMEC, S.A.B. DE C.V																CONSOLIDADO
BREAKDOWN OF CREDITS
(THOUSAND PESOS)
	FOREIGN INSTITUTION (YES / NO)	CONTRACT SIGNING DATE	EXPIRATION DATE	INTEREST RATE	MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL CURRENCY						MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN CURRENCY
CREDIT TYPE / INSTITUTION						TIME INTERVAL						TIME INTERVAL
					CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE	CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE
BANKS
FOREIGN TRADE
SECURED
COMERCIAL BANKS
OTHER
TOTAL BANKS					0	0	0	0	0	0	0	0	0	0	0	0
STOCK MARKET	FOREIGN INSTITUTION (YES / NO)	CONTRACT SIGNING DATE	EXPIRATION DATE	INTEREST RATE	MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL CURRENCY						MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN CURRENCY
						TIME INTERVAL						TIME INTERVAL
LISTED STOCK EXCHANGE (MEXICO AND / OR FOREIGN)					CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE	CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE
UNSECURED
MEDIUM TERM NOTES	NO										0	5,287	0	0	0	0
SECURED
PRIVATE PLACEMENTS
UNSECURED
SECURED
TOTAL STOCK MARKET LISTED IN STOCK EXCHANGE AND PRIVATE PLACEMENT					0	0	0	0	0	0	0	5,287	0	0	0	0
OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST	FOREIGN INSTITUTION (YES / NO)	DATE OF AGREEMENT	EXPIRATION DATE		MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL CURRENCY						MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN CURRENCY
					CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE	CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE
MISCELLANEOUS	NO					0					0	0	0	0	0	0
TOTAL OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST					0	0	0	0	0	0	0	0	0	0	0	0
SUPPLIERS	FOREIGN INSTITUTION (YES / NO)	DATE OF AGREEMENT	EXPIRATION DATE		MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL CURRENCY						MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN CURRENCY
					CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE	CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE
MISCELLANEOUS	NO				0
MISCELLANEOUS	NO					1,759,183					0	1,612,478				14,439
TOTAL SUPPLIERS					0	1,759,183	0	0	0	0	0	1,612,478	0	0	0	14,439
OTHER CURRENT AND NON-CURRENT LIABILITIES	FOREIGN INSTITUTION (YES / NO)				MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL CURRENCY						MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN CURRENCY
					CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE	CURRENT YEAR	UNTIL 1 YEAR	UNTIL 2 YEAR	UNTIL 3 YEAR	UNTIL 4 YEAR	UNTIL 5 YEAR OR MORE
MISCELLANEOUS	NO				0	0	0
MISCELLANEOUS	NO										0	0	0
TOTAL OTHER CURRENT AND NON-CURRENT LIABILITIES					0	0	0	0	0	0	0	0	0	0	0	0
GENERAL TOTAL					0	1,759,183	0	0	0	0	0	1,617,765	0	0	0	14,439
		Estas columnas no aplican para las secciones correspondientes

31

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC
GRUPO SIMEC, S.A.B. DE C.V				QUARTER: 2	YEAR 2026
MONETARY FOREIGN CURRENCY POSITION
THOUSAND PESOS
FOREIGN CURRENCY POSITION	DOLLARS (1)		OTHER CURRENCIES		THOUSAND PESOS TOTAL
	THOUSANDS OF DOLLARS	THOUSAND PESOS	THOUSANDS OF DOLLARS	THOUSAND PESOS
MONETARY ASSETS	1,849,397	32,374,247	0	0	32,374,247
CURRENT	1,849,397	32,374,247	0	0	32,374,247
NON CURRENT	0	0	0	0	0
LIABILITIES	173,716	3,040,944	0	0	3,040,944
SHORT TERM	172,891	3,026,505	0	0	3,026,505
LONG TERM	825	14,439	0	0	14,439
NET BALANCE	1,675,681	29,333,303	0	0	29,333,303
(1) IN THE NOTES SECTION MUST SPECIFY THE CURRENCY AND EXCHANGE RATE

32

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
				QUARTER: 2	YEAR 2026
DEBT INSTRUMENTS
FINANCIAL LIMITATIONS IN CONTRACT, ISSUED DEED AND / OR TITLE
MEDIUM TERM NOTES
A) Current assets to current liabilities must be 1.0 times or more
B) Total liabilities to total assets do not be more than 0.60
C) Operating income plus items added to income which do not require using cash must be 2.0 times or more
This notes was offered in the international market
ACTUAL SITUATION OF FINANCIAL LIMITED
MEDIUM TERM NOTES
A) Accomplished the actual situation is 5.77 times
B)Accomplished the actual situation is 0.16
C)Accomplished the actual situations 480.35
As of June 30, 2026, the remaining balance of the MTNs not exchanged amounts to Ps. 5.3  Millions ($302.000 dollars)

33

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC
GRUPO SIMEC, S.A.B. DE C.V				QUARTER: 2	YEAR 2026
DISTRIBUTION OF REVENUE BY PRODUCT
TOTAL INCOME
(THOUSAND PESOS)
MAIN PRODUCTS OR PRODUCT LINE	SALES		MARKET SHARE %	MAIN
	VOLUME	AMOUNT		TRADEMARKS	CUSTOMERS
DOMESTIC SALES
COMMERCIAL PROFILES	396	6,535,884	0
SPECIAL PROFILES	148	2,924,729	0
OTHERS	0	0	0
TOTAL	544	9,460,613	0
FOREIGN SALES
COMMERCIAL PROFILES	0	0	0
SPECIAL PROFILES	24	519,081	0
OTHERS	0	0	0
TOTAL	24	519,081	0
FOREIGN  SUBSIDIARIES COMMERCIAL PROFILES	393	4,876,073
SPECIAL PROFILES	85	1,330,005
TOTAL	478	6,206,078
T  O  T  A  L	1,046	16,185,772

34

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.
CLAVE DE COTIZACION: SIMEC
GRUPO SIMEC, S.A.B. DE C.V				QUARTER: 2	YEAR 2026				CONSOLIDADO
ANALYSIS OF PAID CAPITAL STOCK
CHARACTERISTICS OF THE SHARES
SERIES	NOMINAL VALUE ($)	VALID COUPON		NUMBER OF SHARES				CAPITAL SOCIAL
				FIXED PORTION	VARIABLE PORTION	MEXICAN	FREE SUBSCRIPTION	FIXED	VARIABLE
B	0	0		90,850,050	406,859,164	0	497,709,214	441,786	1,978,444
TOTAL				90,850,050	406,859,164	0	497,709,214	441,786	1,978,444
TOTAL NUMBER OF SHARES REPRESENTING THE CAPITAL STOCK OF THE DATE OF SENDING THE INFORMATION:									497,709,214

35