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[6-K] GRUPO SIMEC, S.A.B. de C.V. Current Report (Foreign Issuer)

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Rhea-AI Filing Summary

Grupo Simec (SIM) reported nine‑month 2025 results showing softer demand and pricing but a sequential earnings rebound. Net sales fell 10% to Ps. 22,320 million as shipments declined 9% to 1,400 thousand tons and average prices edged lower. Cost of sales decreased 9% to Ps. 16,893 million, keeping gross margin at 24% versus 25% a year ago. EBITDA declined 11% to Ps. 4,594 million.

Profitability was hit by currency swings. Net income dropped 91% to Ps. 763 million, mainly as 2024’s net exchange income turned into a Ps. 3,050 million net exchange loss in 2025, driving a comprehensive financial cost of Ps. 2,229 million versus income in 2024. Operating profit decreased 15% to Ps. 3,784 million.

Quarterly trends improved sequentially. Q3 2025 sales rose 6% to Ps. 7,485 million versus Q2, with shipments up to 499 thousand tons; EBITDA was Ps. 1,428 million. Net income swung to Ps. 459 million from a Ps. 1,000 million loss in Q2, as the net financial loss eased to Ps. 384 million. Cash and cash equivalents were Ps. 27,529 million at period end, with minimal MTNs outstanding of Ps. 5.5 million.

Grupo Simec (SIM) ha riportato risultati dei primi nove mesi del 2025 mostrando domanda e prezzi meno robusti, ma un miglioramento sequenziale degli utili. Le vendite nette sono scese del 10% a 22.320 milioni di Ps, poiché le spedizioni sono diminuite del 9% a 1.400 mila tonnellate e i prezzi medi leggermente scesi. Il costo del venduto è diminuito del 9% a 16.893 milioni di Ps, mantenendo un margine lordo al 24% rispetto al 25% dell'anno precedente. L'EBITDA è calato dell'11% a 4.594 milioni di Ps.

La redditività è stata penalizzata dalle oscillazioni valutarie. L'utile netto è sceso del 91% a 763 milioni di Ps, principalmente poiché il reddito da cambi netti del 2024 si è trasformato in una perdita netta di cambi pari a 3.050 milioni di Ps nel 2025, trascinando un costo finanziario globale di 2.229 milioni di Ps rispetto a entrate nel 2024. L'utile operativo è diminuito del 15% a 3.784 milioni di Ps.

Le tendenze trimestrali sono migliorate sequenzialmente. Le vendite del terzo trimestre 2025 sono aumentate del 6% a 7.485 milioni di Ps rispetto al secondo trimestre, con spedizioni a 499 mila tonnellate; l'EBITDA è stato di 1.428 milioni di Ps. L'utile netto è passato a 459 milioni di Ps da una perdita di 1.000 milioni di Ps nel secondo trimestre, poiché la perdita finanziaria netta si è ridotta a 384 milioni di Ps. Le disponibilità liquide e equivalenti ammontavano a 27.529 milioni di Ps alla data di chiusura del periodo, con una quantità minima di MTN in circolazione di 5,5 milioni di Ps.

Grupo Simec (SIM) informó resultados de los primeros nueve meses de 2025 mostrando demanda y precios más débiles pero un repunte secuencial de ganancias. Las ventas netas cayeron un 10% a 22.320 millones de Ps, ya que los envíos disminuyeron un 9% a 1.400 mil toneladas y los precios promedios se mantuvieron ligeramente a la baja. El costo de ventas se redujo un 9% a 16.893 millones de Ps, manteniendo un margen bruto del 24% frente al 25% del año anterior. El EBITDA cayó un 11% a 4.594 millones de Ps.

La rentabilidad fue afectada por oscilaciones de la moneda. El ingreso neto cayó un 91% a 763 millones de Ps, principalmente porque el ingreso neto por cambios de divisas de 2024 se convirtió en una pérdida neta por cambios de 3.050 millones de Ps en 2025, impulsando un costo financiero total de 2.229 millones de Ps frente a ingresos en 2024. La utilidad operativa disminuyó un 15% a 3.784 millones de Ps.

Las tendencias trimestrales mejoraron secuencialmente. Las ventas del tercer trimestre de 2025 subieron un 6% a 7.485 millones de Ps frente al Q2, con envíos de 499 mil toneladas; el EBITDA fue de 1.428 millones de Ps. La utilidad neta osciló a 459 millones de Ps desde una pérdida de 1.000 millones en el Q2, ya que la pérdida financiera neta se redujo a 384 millones de Ps. El efectivo y equivalentes se situaron en 27.529 millones de Ps al cierre del periodo, con MTN pendientes de 5,5 millones de Ps.

Grupo Simec (SIM) 은 2025년 9개월 결과를 발표했습니다 수요와 가격은 다소 약하지만 수익은 분기별로 반등했습니다. 순매출은 10% 감소한 22,320백만 페소를 기록했고 선적은 9% 감소한 1,400천톤, 평균가도 소폭 하락했습니다. 매출원가는 9% 감소한 16,893백만 페소로 달성해 총이익률은 전년동기 25%에서 24%로 유지했습니다. EBITDA는 11% 감소한 4,594백만 페소였습니다.

통화 변동으로 수익성이 타격을 받았습니다. 순이익은 91% 감소한 763백만 페소로 떨어졌으며, 이는 2024년의 순외환소득이 2025년에는 3,050백만 페소의 순외환손실로 바뀌었고, 종합금융비용은 2,229백만 페소로 2024년의 수익에 비해 증가했습니다. 영업이익은 15% 감소한 3,784백만 페소였습니다.

분기별 추세는 연속적으로 개선되었습니다. 2025년 3분기 매출은 전분기 대비 6% 증가한 7,485백만 페소였고 선적은 499천톤으로 증가했습니다. EBITDA는 1,428백만 페소였습니다. 순이익은 2분기의 1,000백만 페소 손실에서 459백만 페소로 반전되었고, 순금융손실은 384백만 페소로 완화되었습니다. 현금 및 현금성자산은 기간 말에 27,529백만 페소였고, 미지급 MTN은 5.5백만 페소로 거의 남지 않았습니다.

Grupo Simec (SIM) a publié les résultats des neuf premiers mois de 2025 montrant une demande et des prix plus faibles mais un rebond des bénéfices séquentiel. Le chiffre d'affaires net a chuté de 10% à 22 320 millions de Ps, les expéditions ayant décru de 9% à 1 400 milliers de tonnes et les prix moyens ayant légèrement baissé. Le coût des ventes a diminué de 9% à 16 893 millions de Ps, maintenant une marge brute de 24% contre 25% l'année précédente. L'EBITDA a reculé de 11% à 4 594 millions de Ps.

La rentabilité a été touchée par les variations de change. Le résultat net a chuté de 91% à 763 millions de Ps, principalement parce que le produit net des variations de changes de 2024 s'est transformé en une perte nette de 3 050 millions de Ps en 2025, entraînant un coût financier total de 2 229 millions de Ps contre les revenus de 2024. Le résultat opérationnel a diminué de 15% à 3 784 millions de Ps.

Les tendances trimestrielles se sont améliorées séquentiellement. Les ventes du T3 2025 ont augmenté de 6% à 7 485 millions de Ps par rapport au T2, avec des expéditions à 499 mille tonnes; l'EBITDA était de 1 428 millions de Ps. Le résultat net a basculé à 459 millions de Ps contre une perte de 1 000 millions de Ps au T2, alors que la perte financière nette s'est atténuée à 384 millions de Ps. La trésorerie et équivalents étaient de 27 529 millions de Ps à la fin de la période, avec des MTN en circulation minimes de 5,5 millions de Ps.

Grupo Simec (SIM) berichtete die Ergebnisse der ersten neun Monate 2025, die eine nachlassende Nachfrage und Preisentwicklung, aber eine sequentielle Gewinnrückkehr zeigen. Nettoumsatz fiel um 10% auf 22.320 Millionen Ps, da die Sendungen um 9% auf 1.400 Tsd. Tonnen sanken und die Durchschnittspreise leicht nachgaben. Die Kosten der verkauften Waren sanken um 9% auf 16.893 Millionen Ps, wodurch die Bruttomarge bei 24% im Vergleich zu 25% vor einem Jahr blieb. EBITDA ging um 11% auf 4.594 Millionen Ps zurück.

Rentabilität wurde durch Währungsschwankungen beeinträchtigt. Das Nettoeinkommen sank um 91% auf 763 Millionen Ps, hauptsächlich weil das Nettoertrag aus Wechselkursen von 2024 in 2025 in einen Nettowechselverlust von 3.050 Millionen Ps verwandelt wurde, wodurch Gesamtkosten von 2.229 Millionen Ps im Vergleich zu Einnahmen im Jahr 2024 entstanden. Operatives Ergebnis fiel um 15% auf 3.784 Millionen Ps.

Quartalstrends verbesserten sich sequentiell. Die Umsätze im Q3 2025 stiegen um 6% auf 7.485 Millionen Ps gegenüber Q2, die Sendungen beliefen sich auf 499 Tausend Tonnen; EBITDA betrug 1.428 Millionen Ps. Der Nettogewinn wandelte sich von einem Verlust von 1.000 Millionen Ps im Q2 zu 459 Millionen Ps, da der Nettofinanzverlust auf 384 Millionen Ps zurückging. Liquide Mittel beliefen sich zum Periodenende auf 27.529 Millionen Ps, mit minimale MTNs von 5,5 Millionen Ps.

أعلنت مجموعة سيميك (SIM) عن نتائج الأشهر التسعة الأولى من 2025، وتظهر طلباً أكثر ضعفا وتسعيراً أضعف لكن تعويضاً ربعياً في الأرباح. انخفضت المبيعات الصافية بنسبة 10% لتصل إلى 22,320 مليون بزو، حيث انخفضت الشحنات بنسبة 9% إلى 1,400 ألف طن وتراجعت الأسعار المتوسطة قليلاً. انخفضت تكلفة المبيعات بنسبة 9% إلى 16,893 مليون بزو، محافظة على هامش إجمالي قدره 24% مقابل 25% قبل عام. تراجع EBITDA بنسبة 11% إلى 4,594 مليون بزو.

تأثرت الربحية بتقلبات العملة. انخفض صافي الدخل بنسبة 91% إلى 763 مليون بزو، ويرجع ذلك أساساً إلى تحويل صافي دخل العملة لعام 2024 إلى صافي خسارة من تغيّر العملة قدره 3,050 مليون بزو في 2025، مما أدى إلى تكلفة مالية شاملة قدرها 2,229 مليون بزو مقابل دخل في 2024. انخفض الربح التشغيلي بنسبة 15% إلى 3,784 مليون بزو.

تحسّنت الاتجاهات الربعية بشكل متتالٍ. ارتفعت المبيعات في الربع الثالث من 2025 بنسبة 6% إلى 7,485 مليون بزو مقارنة بالربع الثاني، مع ارتفاع الشحنات إلى 499 ألف طن؛ بلغ EBITDA 1,428 مليون بزو. تقلب صافي الدخل إلى 459 مليون بزو من خسارة قدرها 1,000 مليون بزو في الربع الثاني، كما تراجعت الخسارة المالية الصافية إلى 384 مليون بزو. أرصدة النقد والنقدية عند نهاية الفترة بلغت 27,529 مليون بزو، مع وجود MTNs قدره 5.5 مليون.

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Insights

FX losses compress earnings despite steady operating margins.

Grupo Simec posted a 10% sales decline to Ps. 22,320m for the nine months ended Sep 30, 2025, driven by 9% lower shipments and modestly lower pricing. Gross margin held near mid‑20s (24% vs 25%), and EBITDA slipped 11% to Ps. 4,594m, indicating operating discipline amid softer volumes.

Earnings were largely shaped by currency effects: comprehensive financial cost was a net loss of Ps. 2,229m versus income in 2024, with a swing to a net exchange loss of Ps. 3,050m. This drove a 91% drop in net income to Ps. 763m, outweighing cost controls.

Sequentially, Q3 improved: sales up 6% to Ps. 7,485m, EBITDA Ps. 1,428m, and net income Ps. 459m versus a Q2 loss, as the net financial loss narrowed to Ps. 384m. Balance sheet liquidity remained strong with cash of Ps. 27,529m and only Ps. 5.5m MTNs outstanding.

Grupo Simec (SIM) ha riportato risultati dei primi nove mesi del 2025 mostrando domanda e prezzi meno robusti, ma un miglioramento sequenziale degli utili. Le vendite nette sono scese del 10% a 22.320 milioni di Ps, poiché le spedizioni sono diminuite del 9% a 1.400 mila tonnellate e i prezzi medi leggermente scesi. Il costo del venduto è diminuito del 9% a 16.893 milioni di Ps, mantenendo un margine lordo al 24% rispetto al 25% dell'anno precedente. L'EBITDA è calato dell'11% a 4.594 milioni di Ps.

La redditività è stata penalizzata dalle oscillazioni valutarie. L'utile netto è sceso del 91% a 763 milioni di Ps, principalmente poiché il reddito da cambi netti del 2024 si è trasformato in una perdita netta di cambi pari a 3.050 milioni di Ps nel 2025, trascinando un costo finanziario globale di 2.229 milioni di Ps rispetto a entrate nel 2024. L'utile operativo è diminuito del 15% a 3.784 milioni di Ps.

Le tendenze trimestrali sono migliorate sequenzialmente. Le vendite del terzo trimestre 2025 sono aumentate del 6% a 7.485 milioni di Ps rispetto al secondo trimestre, con spedizioni a 499 mila tonnellate; l'EBITDA è stato di 1.428 milioni di Ps. L'utile netto è passato a 459 milioni di Ps da una perdita di 1.000 milioni di Ps nel secondo trimestre, poiché la perdita finanziaria netta si è ridotta a 384 milioni di Ps. Le disponibilità liquide e equivalenti ammontavano a 27.529 milioni di Ps alla data di chiusura del periodo, con una quantità minima di MTN in circolazione di 5,5 milioni di Ps.

Grupo Simec (SIM) informó resultados de los primeros nueve meses de 2025 mostrando demanda y precios más débiles pero un repunte secuencial de ganancias. Las ventas netas cayeron un 10% a 22.320 millones de Ps, ya que los envíos disminuyeron un 9% a 1.400 mil toneladas y los precios promedios se mantuvieron ligeramente a la baja. El costo de ventas se redujo un 9% a 16.893 millones de Ps, manteniendo un margen bruto del 24% frente al 25% del año anterior. El EBITDA cayó un 11% a 4.594 millones de Ps.

La rentabilidad fue afectada por oscilaciones de la moneda. El ingreso neto cayó un 91% a 763 millones de Ps, principalmente porque el ingreso neto por cambios de divisas de 2024 se convirtió en una pérdida neta por cambios de 3.050 millones de Ps en 2025, impulsando un costo financiero total de 2.229 millones de Ps frente a ingresos en 2024. La utilidad operativa disminuyó un 15% a 3.784 millones de Ps.

Las tendencias trimestrales mejoraron secuencialmente. Las ventas del tercer trimestre de 2025 subieron un 6% a 7.485 millones de Ps frente al Q2, con envíos de 499 mil toneladas; el EBITDA fue de 1.428 millones de Ps. La utilidad neta osciló a 459 millones de Ps desde una pérdida de 1.000 millones en el Q2, ya que la pérdida financiera neta se redujo a 384 millones de Ps. El efectivo y equivalentes se situaron en 27.529 millones de Ps al cierre del periodo, con MTN pendientes de 5,5 millones de Ps.

Grupo Simec (SIM) 은 2025년 9개월 결과를 발표했습니다 수요와 가격은 다소 약하지만 수익은 분기별로 반등했습니다. 순매출은 10% 감소한 22,320백만 페소를 기록했고 선적은 9% 감소한 1,400천톤, 평균가도 소폭 하락했습니다. 매출원가는 9% 감소한 16,893백만 페소로 달성해 총이익률은 전년동기 25%에서 24%로 유지했습니다. EBITDA는 11% 감소한 4,594백만 페소였습니다.

통화 변동으로 수익성이 타격을 받았습니다. 순이익은 91% 감소한 763백만 페소로 떨어졌으며, 이는 2024년의 순외환소득이 2025년에는 3,050백만 페소의 순외환손실로 바뀌었고, 종합금융비용은 2,229백만 페소로 2024년의 수익에 비해 증가했습니다. 영업이익은 15% 감소한 3,784백만 페소였습니다.

분기별 추세는 연속적으로 개선되었습니다. 2025년 3분기 매출은 전분기 대비 6% 증가한 7,485백만 페소였고 선적은 499천톤으로 증가했습니다. EBITDA는 1,428백만 페소였습니다. 순이익은 2분기의 1,000백만 페소 손실에서 459백만 페소로 반전되었고, 순금융손실은 384백만 페소로 완화되었습니다. 현금 및 현금성자산은 기간 말에 27,529백만 페소였고, 미지급 MTN은 5.5백만 페소로 거의 남지 않았습니다.

Grupo Simec (SIM) a publié les résultats des neuf premiers mois de 2025 montrant une demande et des prix plus faibles mais un rebond des bénéfices séquentiel. Le chiffre d'affaires net a chuté de 10% à 22 320 millions de Ps, les expéditions ayant décru de 9% à 1 400 milliers de tonnes et les prix moyens ayant légèrement baissé. Le coût des ventes a diminué de 9% à 16 893 millions de Ps, maintenant une marge brute de 24% contre 25% l'année précédente. L'EBITDA a reculé de 11% à 4 594 millions de Ps.

La rentabilité a été touchée par les variations de change. Le résultat net a chuté de 91% à 763 millions de Ps, principalement parce que le produit net des variations de changes de 2024 s'est transformé en une perte nette de 3 050 millions de Ps en 2025, entraînant un coût financier total de 2 229 millions de Ps contre les revenus de 2024. Le résultat opérationnel a diminué de 15% à 3 784 millions de Ps.

Les tendances trimestrielles se sont améliorées séquentiellement. Les ventes du T3 2025 ont augmenté de 6% à 7 485 millions de Ps par rapport au T2, avec des expéditions à 499 mille tonnes; l'EBITDA était de 1 428 millions de Ps. Le résultat net a basculé à 459 millions de Ps contre une perte de 1 000 millions de Ps au T2, alors que la perte financière nette s'est atténuée à 384 millions de Ps. La trésorerie et équivalents étaient de 27 529 millions de Ps à la fin de la période, avec des MTN en circulation minimes de 5,5 millions de Ps.

Grupo Simec (SIM) berichtete die Ergebnisse der ersten neun Monate 2025, die eine nachlassende Nachfrage und Preisentwicklung, aber eine sequentielle Gewinnrückkehr zeigen. Nettoumsatz fiel um 10% auf 22.320 Millionen Ps, da die Sendungen um 9% auf 1.400 Tsd. Tonnen sanken und die Durchschnittspreise leicht nachgaben. Die Kosten der verkauften Waren sanken um 9% auf 16.893 Millionen Ps, wodurch die Bruttomarge bei 24% im Vergleich zu 25% vor einem Jahr blieb. EBITDA ging um 11% auf 4.594 Millionen Ps zurück.

Rentabilität wurde durch Währungsschwankungen beeinträchtigt. Das Nettoeinkommen sank um 91% auf 763 Millionen Ps, hauptsächlich weil das Nettoertrag aus Wechselkursen von 2024 in 2025 in einen Nettowechselverlust von 3.050 Millionen Ps verwandelt wurde, wodurch Gesamtkosten von 2.229 Millionen Ps im Vergleich zu Einnahmen im Jahr 2024 entstanden. Operatives Ergebnis fiel um 15% auf 3.784 Millionen Ps.

Quartalstrends verbesserten sich sequentiell. Die Umsätze im Q3 2025 stiegen um 6% auf 7.485 Millionen Ps gegenüber Q2, die Sendungen beliefen sich auf 499 Tausend Tonnen; EBITDA betrug 1.428 Millionen Ps. Der Nettogewinn wandelte sich von einem Verlust von 1.000 Millionen Ps im Q2 zu 459 Millionen Ps, da der Nettofinanzverlust auf 384 Millionen Ps zurückging. Liquide Mittel beliefen sich zum Periodenende auf 27.529 Millionen Ps, mit minimale MTNs von 5,5 Millionen Ps.

أعلنت مجموعة سيميك (SIM) عن نتائج الأشهر التسعة الأولى من 2025، وتظهر طلباً أكثر ضعفا وتسعيراً أضعف لكن تعويضاً ربعياً في الأرباح. انخفضت المبيعات الصافية بنسبة 10% لتصل إلى 22,320 مليون بزو، حيث انخفضت الشحنات بنسبة 9% إلى 1,400 ألف طن وتراجعت الأسعار المتوسطة قليلاً. انخفضت تكلفة المبيعات بنسبة 9% إلى 16,893 مليون بزو، محافظة على هامش إجمالي قدره 24% مقابل 25% قبل عام. تراجع EBITDA بنسبة 11% إلى 4,594 مليون بزو.

تأثرت الربحية بتقلبات العملة. انخفض صافي الدخل بنسبة 91% إلى 763 مليون بزو، ويرجع ذلك أساساً إلى تحويل صافي دخل العملة لعام 2024 إلى صافي خسارة من تغيّر العملة قدره 3,050 مليون بزو في 2025، مما أدى إلى تكلفة مالية شاملة قدرها 2,229 مليون بزو مقابل دخل في 2024. انخفض الربح التشغيلي بنسبة 15% إلى 3,784 مليون بزو.

تحسّنت الاتجاهات الربعية بشكل متتالٍ. ارتفعت المبيعات في الربع الثالث من 2025 بنسبة 6% إلى 7,485 مليون بزو مقارنة بالربع الثاني، مع ارتفاع الشحنات إلى 499 ألف طن؛ بلغ EBITDA 1,428 مليون بزو. تقلب صافي الدخل إلى 459 مليون بزو من خسارة قدرها 1,000 مليون بزو في الربع الثاني، كما تراجعت الخسارة المالية الصافية إلى 384 مليون بزو. أرصدة النقد والنقدية عند نهاية الفترة بلغت 27,529 مليون بزو، مع وجود MTNs قدره 5.5 مليون.

Grupo Simec (SIM) 公布了2025年三季度及前三季度的业绩，显示需求和价格走弱，但盈利实现环比回升。净销售额下降10%至223.2亿比索，出货量下降9%至140万吨，平均价格略有下降。销售成本下降9%至168.93亿比索，毛利率维持在24%而非前一年的25%。EBITDA下降11%至45.94亿比索。

货币波动拖累盈利能力。 净利润下降91%至7.63亿比索，主要因为2024年的净汇兑收益在2025年转为净汇兑损失30.50亿比索，推动综合财务成本达到22.29亿比索，与2024年相比。经营利润下降15%至37.84亿比索。

季度趋势实现 sequential 改善。 2025年第三季度销售较第二季度上升6%至74.85亿比索，出货量增至49.9万吨；EBITDA为14.28亿比索。净利润由第二季度的10亿美元亏损转为4.59亿比索盈利，净财务亏损收窄至3.84亿比索。期末现金及现金等价物为275.29亿比索，未偿MTN为5500万比索。

 

 

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 September 2025.

 

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: October 27, 2025. 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
  52 55 1165 1025
  52 33 3770 6734

 

GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST NINE MONTHS OF 2025

 

GUADALAJARA, MEXICO, October 27, 2025- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) (“Simec”) announced today its results of operations for the nine-month period ended September 30, 2025.

 

Comparative first nine months of 2025 vs. first nine months of 2024

 

Net Sales

 

Net sales decreased 10% because of the combination of 9% less shipments of finished steel products and a 1% lower average sales price compared to the same period of 2024, the sales decreased to Ps. 22,320 million in the first nine months of 2025 from Ps. 24,828 million in the first nine months of 2024. Shipments of finished steel products decreased to 1 million 400 thousand tons in the first nine months of 2025 compared to 1 million 536 thousand tons in the first nine months of 2024. Total sales outside of Mexico in the first nine months of 2025 decreased 11% to Ps. 9,751 million compared with Ps. 10,979 million in the same period of 2024. Total sales in Mexico decreased 9% from Ps. 13,849 million in the first nine months of 2024 to Ps. 12,569 million in the same period of 2025.

 

Cost of Sales

 

Cost of sales decreased 9% from Ps. 18,625 million in the first nine months of 2024, to Ps. 16,893 million in the first nine months of 2025. Cost of sales as a percentage of net sales represented 76% for the first nine months of 2025 compared to 75% from the same period of the year 2024, The decrease in the cost of sales is mainly due to lower volume of steel products shipped.

 

Gross Profit

 

The Gross profit of the Company decreased 13% from Ps. 6,203 million in the first nine months of 2024 to Ps. 5,427 million in the same period of 2025. Gross profit as a percentage of net sales in the first nine months of 2025 and 2024 represented 24% and 25% respectively. The decrease in gross profit was caused by a lower volume of tons shipped in the first nine months of 2025 compared with same period of 2024, and lower average sales price per ton of steel finished goods.

 

Selling, General and Administrative Expenses

 

Selling, general and administrative expenses increased 11%, to Ps. 2,036 million in the first nine months of 2025 from Ps. 1,834 million in the same period of 2024. Selling, general and administrative expenses as a percentage of net sales represented 9% in the first nine months of 2025 and 7% in the first nine months of 2024.

 

1

 

 

Other Income (Expenses,) net

 

The Company recorded other income net for Ps. 393 million in the first nine months of 2025 compared to other income net of Ps. 71 million in the same period of 2024.

 

Operating Profit

 

Operating Profit decreased 15% to Ps. 3,784 million for the first nine months of 2025 compared to Ps. 4,440 million in the first nine months of 2024. Operating income as percentage of net sales was 17% in the first nine months of 2025 and 18% in the same period of 2024. The decrease in operating profit was mainly due to a lower shipment of finished steel products.

 

Ebitda

 

The Ebitda of the Company decreased 11%, from Ps. 5,189 million in the first nine months of 2024 (result of net income of Ps. 8,587 million, less minority stake of Ps. 2 million, plus income taxes of Ps. 762 million, less comprehensive financial income of Ps. 4,907 million, plus depreciation of Ps. 749 million), compared to an Ebitda of Ps 4,594 million in the same period of 2025 (result of net income of Ps. 763 million, less minority stake of Ps. 2 million, plus income taxes of Ps. 793 million, plus comprehensive financial cost of Ps. 2,229 million, plus depreciation of Ps. 811 million).

 

  First nine months of 2025
vs first nine months of 2024,		 
Consolidated Million  2025   2024 
Net income (loss)   763    8,587 
Loss attributable to noncontrolling interests   (2)   (2)
Net income (loss)   761    8,585 
Depreciation and amortization   811    749 
Income taxes   793    762 
Financial results (income) loss   2,229    (4,907)
EBITDA   4,594    5,189 

 

Comprehensive Financial Cost

 

Comprehensive financial cost for the first nine months of 2025 represented a net loss of Ps. 2,229 million compared with of net income of Ps. 4,907 million in the first nine months of 2024. The Company recorded a net exchange loss of Ps. 3,050 million in the first nine months of 2025 compared with a net exchange income of Ps. 3,799 million in the first nine months of 2024, net other financial income was recorded for Ps 42 million for the first nine months of 2024.

 

2

 

 

Income Taxes

 

The Company recorded a net tax expense of Ps.793 million during the first nine months of 2025, (comprised of a current tax of Ps. 722 million and expense for deferred tax of Ps. 71 million) compared with a net tax expense of Ps. 762 million to the first nine months of 2024 (comprised of a current tax expense of Ps. 850 and income for deferred tax of Ps. 88 million).

 

Net Income

 

As a result of the foregoing, the Company recorded a decrease in net income of 91% from of Ps. 8,587 million in the first nine months of 2024 to Ps. 763 million in the same periods of 2025, mainly because the net exchange income of Ps. 3,799 million recorded in the first nine months of 2024 became a net exchange loss of Ps. 3,050 million in the first nine months of 2025.

 

Liquidity and Capital Resources

 

At September 30, 2025, Simec’s total consolidated debt consisted of U.S. $ 302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, or Ps. 5.5 million (accrued interest on September 30, 2025 was U.S. $ 863,000, or Ps. 15.8 million). At September 30, 2024, Simec’s total consolidated debt consisted of U.S. $ 302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, or Ps. 5.9 million (accrued interest on September 30, 2024 was U.S. $ 985,000, or Ps. 16.4 million).

 

Comparative third quarter of 2025 vs. second quarter of 2025

 

Net Sales

 

Net sales of the Company increased 6% from of Ps. 7,052 million during the second quarter of 2025 to Ps. 7,485 million in the third quarter of 2025. Shipments of finished steel products increased to 499 thousand tons in the third quarter of 2025 from 425 thousand tons in the second quarter of the same year. Total sales outside of Mexico in the third quarter of 2025 increased 2% to Ps. 3,178 million compared to Ps. 3,104 million of the second quarter of the same year. Domestic sales in the third quarter of 2025 increased to Ps. 4,307 million compared to Ps. 3,948 million in the second quarter of the same year. The average selling price decreased 10% in the third quarter of 2025 compared to the second quarter of the same year.

 

Cost of Sales

 

Cost of sales increased to Ps. 5,726 million in the third quarter of 2025 from Ps.5,381 million in the second quarter of 2025. Cost of sales as a percentage of net sales represented 77% in the third quarter of 2025 and 76% in the second quarter of the same year. The increase in the cost of sales is mainly due to a higher volumen of steel products shipped in the third quarter of 2025 compared to the second quarter of the same year.

 

Gross Profit

 

Gross profit of the Company for the third quarter of 2025 increased 5% to from Ps. 1,671 million in the second quarter of 2025 to Ps. 1,759 million in the third quarter of same year. Gross profit as a percentage of net sales in the third quarter of 2025 was of 23% compared to 24% in the second quarter of the same year.

 

3

 

 

Selling, General and Administrative Expenses

 

Selling, general and administrative expense increased 8% to of Ps. 728 million in the third quarter of 2025 from Ps. 674 million the second quarter of the same year, and as percentage of net sales represented 10% for the third quarter of 2025 and for the second quarter of the same year.

 

Other (Expenses) Income, net

 

The Company recorded other income net for Ps. 128 million during the third quarter of 2025 compared to other income net for Ps. 201 million in the second quarter of 2025.

 

Operating Profit

 

Operating profit decreased to Ps. 1,159 million in the third quarter of 2025 compared to an operating profit of Ps. 1,198 million in the second quarter of the same year. Operating profit as percentage of net sales represented 15% for the third quarter of 2025 compared to 17% in the second quarter of 2025.

 

Ebitda

 

The Ebitda decreased from 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), to an Ebitda of Ps. 1,428 million in the third quarter of the same year (result of net income of Ps. 459 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 317 million, plus comprehensive financial cost of Ps. 384 million, plus depreciation of Ps. 269 million).

 

  Third quarter of 2025
vs second quarter of 2025,		 
Consolidated Million  Third quarter 2025   Second quarter 2025 
Net income (loss)   459    (1.000)
Loss attributable to noncontrolling interests   (1)   (1)
Net income (loss)   458    (1,001)
Depreciation and amortization   269    275 
Income taxes   317    297 
Financial results (income) loss   384    1,902 
EBITDA   1,428    1,473 

 

Comprehensive Financial Cost

 

Comprehensive financial cost of the Company in the third quarter of 2025 represented a net loss of Ps. 384 million compared with a net loss of Ps. 1,902 million in the second quarter of 2025. Likewise, the Company recorded a net exchange loss of Ps. 718 million in the third quarter of 2025 compared a net exchange loss of Ps. 2,176 million in the second quarter of the same year.

 

4

 

 

Income Taxes

 

The Company recorded of Ps. 317 million of expense tax during the third quarter of 2025, (comprised of an expense of current tax of Ps. 339 million and an income for deferred tax of Ps. 22 million) compared with the Ps. 297 million of expense in the second quarter of the same year, (comprised of an expense of current tax of Ps. 197 million and an expense for deferred tax of Ps. 100 million).

 

Net Income

 

As a result of the foregoing, the Company recorded a increase in net income to Ps. 459 million in the third quarter of 2025 compared to a net loss of Ps. 1,000 million in the second quarter of 2025.

 

Comparative third quarter of 2025 vs. third quarter of 2024

 

Net Sales

 

The net sales of the Company decreased 12% from Ps. 8,549 million during the third quarter of 2024 to Ps. 7,485 million in the third quarter of 2025. Sales in tons of finished steel products decreased 4% to 499 thousand tons in the third quarter of 2025 compared with 521 thousand tons in the third quarter of 2024. Sales outside of Mexico decreased 14% from Ps. 3,691 million in the third quarter of 2024 to Ps. 3,178 million in the third quarter of 2025. Domestic sales decreased 11% from Ps. 4,858 million in the third quarter of 2024 to Ps. 4,307 million in the third quarter of 2025. The decrease in sales in the third quarter of 2025 compared to the third quarter of 2024 is due to a decrease in the average sales price of 9% and a decrease in the volume of shipments approximately of 22 thousand of tons that represents a 4% decrease.

 

Cost of Sales

 

Cost of sales decreased 10% in the third quarter of 2025 compared to the third quarter of 2024 from Ps. 6,393 million in the third quarter of 2024 to Ps. 5,726 million in the third quarter of 2025. With respect to sales, the cost of sales of the third quarter of 2024 represented 75% compared to 77% for the third quarter of 2025. The average cost of sales per ton of steel products decreased 6% in the third quarter of 2025 versus the third quarter of 2024, due to the decrease in costs of certain raw materials mainly scrap.

 

Gross (Loss) Profit

 

Gross profit of the Company for the third quarter of 2025 decreased 18% from Ps. 2,156 million in the third quarter of 2024 to Ps. 1,759 million in the third quarter of 2025. The gross profit as a percentage of net sales represented 25% for the third quarter of 2024 compared to 23% of the third quarter of 2025.

 

Selling, General and Administrative Expenses

 

The selling, general and administrative expenses increased 11% in the third quarter of 2025 to Ps. 728 million in the third quarter of 2025 from Ps. 658 million in the third quarter of 2024. Selling, general and administrative expense as a percentage of net sales represented 10% in the third quarter of 2025 compared to 8% in the third quarter of 2024.

 

5

 

 

Other Income (Expenses), net

 

The company recorded other income net of Ps. 128 million in the third quarter of 2025 compared with other income net of Ps. 26 million for the third quarter of 2024.

 

Operating Profit

 

Operating profit decreased from Ps. 1,524 million in the third quarter of 2024 compared to Ps. 1,159 million in the third quarter of 2025, this represents 24% of decrease between both quarters. The operating income as a percentage of net sales was 18% for the third quarter of 2024 and 15% for the third quarter of 2025. The decrease in operating profit was mainly due to at lower average selling price.

 

Ebitda

 

The Ebitda was Ps 1,776 million in the third quarter of 2024 (result of net income of Ps. 3,152 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 471 million, less comprehensive financial income of Ps. 2,098 million, plus depreciation of Ps. 252 million), compared to Ebitda of Ps. 1,428 million of the same period of 2025, (result of net income of Ps. 459 million, less minority stake of Ps. 1 million, plus income taxes of Ps. 317 million, plus comprehensive financial cost of Ps. 384 million, plus depreciation of Ps. 269 million).

 

        
  Third quarter of 2025
vs third quarter of 2024,		 
Consolidated Million  Third quarter 2025   Third quarter 2024 
Net income (loss)   459    3,152 
Loss attributable to noncontrolling interests   (1)   (1)
Net income (loss)   458    3,151 
Depreciation, and amortization   269    252 
Income taxes   317    471 
Financial results (income) loss   384    (2,098)
EBITDA   1,428    1,776 

 

Comprehensive Financial Cost

 

Comprehensive financial cost of the Company for the third quarter of 2025 represented a net loss of Ps. 384 million compared with an income of Ps. 2,098 million for the third quarter of 2024. Also we recorded an exchange income of Ps. 1,769 million in the third quarter of 2024 and an exchange loss of Ps. 718 million in the third quarter of 2025.

 

6

 

 

Income Taxes

 

The company recorded a net taxes expense for the third quarter of 2025 of Ps. 317 million (including an income of deferred tax of Ps. 22 million) compared to a net tax expense of Ps. 471 million for the third quarter of 2024, (including a tax deferred expense of Ps. 33 million).

 

Net Income (Loss)

 

As a result of the foregoing, the Company recorded a decrease a net profit of Ps. 459 million in the third quarter of 2025 compared to Ps. 3,152 million of net profit in third quarter of 2024; mainly because the net exchange income of Ps. 1,769 million recorded in the third quarter of 2024 became a net exchange loss of Ps. 718 million in the third quarter of 2025.

 

Nine months            
(millions of pesos)  Jan - Sep ’25   Jan - Sep ’24   Year 25 vs
 ’24		 
Sales   22,320    24,828    (10)%
Cost of Sales   16,893    18,625    (9)%
Gross Profit   5,427    6,203    (13)%
Selling, General and Administrative Expense   2,036    1,834    11%
Other Income (Expenses), net   393    71    454%
Operating Profit   3,784    4,440    (15)%
EBITDA   4,594    5,189    (11)%
Net income   763    8,587    (91)%
Sales Outside Mexico   9,751    10,979    (11)%
Sales in Mexico   12,569    13,849    (9)%
Total Sales (Tons thousands)   1,400    1,536    (9)%
Cost per ton (Pesos)   12,066    12,126    0%

  

Quarter                    
(millions of pesos)  3Q’25   2Q ’25   3Q ’24   3Q´25vs
2Q´25		   3Q´25 vs
3Q ’24		 
Sales   7,485    7,052    8,549    6%   (12)%
Cost of Sales   5,726    5,381    6,393    6%   (10)%
Gross Profit   1,759    1,671    2,156    5%   (18)%
Selling, General and Adm. Expenses   728    674    658    8%   11%
Other Income (Expenses), net   128    201    26    (36)%   392%
Operating Profit   1,159    1,198    1,524    (3)%   (24)%
EBITDA   1,428    1,473    1,776    (3)%   (20)%
Net Income   459    (1,000)   3,152    N/C    (85)%
Sales Outside Mexico   3,178    3,104    3,691    2%   (14)%
Sales in Mexico   4,307    3,948    4,858    9%   (11)%
Total Sales (Tons thousands)   499    425    521    17%   (4)%
Cost per Ton (Pesos)   11,475    12,661    12,271    (9)%   (6)%

 

7

 

 

Product  Thousands of
Tons Jan-Sep
2025		  

Millions of

Pesos
Jan-Sep
2025

   Average
Price per Ton
Jan-Sep
2025		   Thousands of
Tons Jan–Sep
2024		   Millions of
Pesos
Jan-Sep
2024		   Average
Price per Ton
Jan-Sep
2024		 
Special Bar Quality (SBQ)   378    7,724    20,434    403    7,653    18,990 
Commercial Long Steel   1,022    14,596    14,282    1,133    17,175    15,159 
Total   1,400    22,320    15,943    1,536    24,828    16,164 

 

Product  Thousands of
Tons Jul-Sep
2025		   Millions of
Pesos
 Jul-Sep
2025		   Average
Price per Ton
Jul-Sep
2025		   Thousands of
Tons Apr-Jun
2025		   Millions of
Pesos
Apr-Jun
2025		   Average
Price per Ton
Apr-Jun
2025		   Thousands of
Tons Jul-Sep
2024		   Millions of Pesos
Jul-Sep
2024		   Average
Price per Ton
Jul-Sep
2024		 
Special Bar Quality (SBQ)   118    2,392    20,271    106    2,197    20,726    153    2,939    19,209 
Commercial Long Steel   381    5,093    13,367    319    4,855    15,219    368    5,610    15,245 
Total   499    7,485    15,000    425    7,052    16,593    521    8,549    16,409 

 

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: 3
GRUPO SIMEC, S.A.B. DE C.V     2025
     
     
(THOUSAND PESOS)    
  ENDING
CURRENT
QUARTER		 ENDING
PREVIOUS
YEAR
ACCOUNT Amount Amount
TOTAL ASSETS 71,358,927 73,298,400
TOTAL CURRENT ASSETS 46,137,493 48,376,308
CASH AND CASH EQUIVALENTS 27,582,330 29,158,227
SHORT-TERM INVESTMENTS 0 0
   AVAILABLE-FOR-SALE INVESTMENTS 0 0
   TRADING INVESTMENTS 0 0
   HELD-TO-MATURITY INVESTMENTS 0 0
TRADE RECEIVABLES, NET 5,048,709 4,491,623
   TRADE RECEIVABLES  5,526,875 4,969,789
   ALLOWANCE FOR DOUBTFUL ACCOUNTS -478,166 -478,166
OTHER RECEIVABLES, NET 3,296,798 3,117,932
   OTHER RECEIVABLES  3,296,798 3,117,932
   ALLOWANCE FOR DOUBTFUL ACCOUNTS 0 0
INVENTORIES 9,948,013 11,164,370
BIOLOGICAL CURRENT ASSETS 0 0
OTHER CURRENT ASSETS 261,643 444,156
   PREPAYMENTS 0 0
   DERIVATIVE FINANCIAL INSTRUMENTS 0 0
   ASSETS AVAILABLE FOR SALE 0 0
   DISCONTINUED OPERATIONS 0 0
   RIGHTS AND LICENSES 0 0
   OTHER 261,643 444,156
TOTAL NON-CURRENT ASSETS 25,221,434 24,922,092
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 595,612 1,340,173
PROPERTY, PLANT AND EQUIPMENT, NET 20,813,416 19,630,424
   LAND AND BUILDINGS 6,995,115 6,689,480
   MACHINERY AND INDUSTRIAL EQUIPMENT 31,346,854 32,417,925
   OTHER EQUIPMENT 315,373 326,500
   ACCUMULATED DEPRECIATION -25,455,444 -25,619,627
   CONSTRUCTION IN PROGRESS4 7,611,518 5,816,146
INVESTMENT PROPERTY 0 0
BIOLOGICAL NON- CURRENT ASSETS 0 0
INTANGIBLE ASSETS, NET 2,418,952 2,262,605
   GOODWILL 1,814,160 1,814,160
   TRADEMARKS 329,600 329,600
   RIGHTS AND LICENSES 0 0
   CONCESSIONS 0 0
   OTHER INTANGIBLE ASSETS 128,715 118,845
DEFERRED TAX ASSETS 0 0
OTHER NON-CURRENT ASSETS 1,539,931 1,688,890
   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 1,539,931 1,688,890
TOTAL LIABILITIES 11,403,007 14,056,389
TOTAL CURRENT LIABILITIES 7,568,934 10,199,924
BANK LOANS 0 0
STOCK MARKET LOANS 5,542 6,194
OTHER LIABILITIES WITH COST 0 0
TRADE PAYABLES 2,446,443 4,166,934
TAXES PAYABLE 1,252,442 1,851,719
   INCOME TAX PAYABLE 0 0
   OTHER TAXES PAYABLE 1,252,442 1,851,719
OTHER CURRENT LIABILITIES  269,639 434,377
   INTEREST PAYABLE 15,835 17,261
   DERIVATIVE FINANCIAL INSTRUMENTS 0 0
   DEFERRED REVENUE  0 0
   EMPLOYEE BENEFITS 272,044 256,455
   PROVISIONS 8,111 26,553
   CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS 0 0
   DISCONTINUED OPERATIONS 0 0
   OTHER 3,298,878 3,440,431
TOTAL NON-CURRENT LIABILITIES 3,834,073 3,856,465
BANK LOANS 0 0
STOCK MARKET LOANS 0 0
OTHER LIABILITIES WITH COST 0 0
DEFERRED TAX LIABILITIES 3,662,878 3,668,882
OTHER NON-CURRENT LIABILITIES 1,029 10,583
   DERIVATIVE FINANCIAL INSTRUMENTS 0 0
   DEFERRED REVENUE  0 0
   EMPLOYEE BENEFITS 170,166 177,000
   PROVISIONS 0 0
   NON-CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS  0 0
   DISCONTINUED OPERATIONS 0 0
   OTHER 0 0
TOTAL EQUITY 59,955,920 59,242,011
EQUITY ATTRIBUTABLE TO OWNERS OF PARENT 59,931,572 59,213,787
CAPITAL STOCK 2,832,268 2,832,268
SHARES REPURCHASED -4,573,915 -4,481,816
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) 57,097,986 56,288,102
   LEGAL RESERVE 0 0
   OTHER RESERVES 7,000,000 7,000,000
   RETAINED EARNINGS   52,872,672 42,384,854
   NET INCOME FOR THE PERIOD 763,234 10,487,818
   OTHER 0 0
ACCUMULATED OTHER COMPREHENSIVE INCOME (NET OF TAX) (3,537,920) (3,584,570)
   GAIN ON  REVALUATION OF PROPERTIES 0 0
   ACTUARIAL GAINS  (LOSSES) FROM LABOR OBLIGATIONS 0 0
   FOREING CURRENCY TRANSLATION (3,618,741) (3,556,863)
   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 (27,707)
   OTHER COMPREHENSIVE INCOME 0 0
NON-CONTROLLING INTERESTS 24,348 28,224

 

 

9

 

 

  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 (+) 59 55
  NUMBER OF EMPLOYEES (+) 1,494 1,421
  NUMBER OF WORKERS (+) 3,046 2,967
  OUTSTANDING SHARES (+) 497,709,214 497,709,214
  REPURCHASED SHARES (+) 37,234,401 36,716,000
  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

 

10

 

 

 

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC   QUARTER: 3 YEAR 2025  
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 22,319,877 7,485,127 24,827,746 8,548,765
   SERVICES 0 0 0 0
   SALE OF GOODS 22,319,877 7,485,127 24,827,746 8,548,765
   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 16,893,200 5,726,222 18,625,167 6,392,813
GROSS PROFIT 5,426,677 1,758,905 6,202,579 2,155,952
GENERAL EXPENSES 2,035,750 728,519 1,833,767 658,044
PROFIT (LOSS) BEFORE OTHER INCOME (EXPENSE), NET 3,390,927 1,030,386 4,368,812 1,497,908
OTHER INCOME (EXPENSE), NET 392,618 128,843 71,431 26,152
OPERATING PROFIT (LOSS) (*) 3,783,545 1,159,229 4,440,243 1,524,060
   FINANCE INCOME 903,238 363,024 4,916,160 2,099,798
   INTEREST INCOME 903,238 363,024 1,074,430 330,402
   GAIN ON FOREIGN EXCHANGE, NET 0 0 3,799,250 1,769,396
   GAIN ON DERIVATIVES, NET 0 0 0 0
   GAIN ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS 0 0 0 0
   OTHER FINANCE INCOME 0 0 42,480 0
   FINANCE COSTS 3,132,320 746,863 9,353 1,850
   INTEREST EXPENSE 82,244 29,125 9,353 1,850
   LOSS ON FOREIGN EXCHANGE, NET 3,050,076 717,738 0 0
   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 (2,229,082) (383,839) 4,906,807 2,097,948
SHARE OF PROFIT (LOSS) OF ASSOCIATES AND JOINT VENTURES 0 0 0 0
PROFIT (LOSS) BEFORE INCOME TAX 1,554,463 775,390 9,347,050 3,622,008
INCOME TAX EXPENSE 792,811 316,929 761,910 471,002
   CURRENT TAX 722,230 339,003 849,986 438,091
   DEFERRED TAX 70,581 (22,074) (88,076) 32,911
PROFIT (LOSS) FROM CONTINUING OPERATIONS 761,652 458,461 8,585,140 3,151,006
PROFIT (LOSS) FROM DISCONTINUED OPERATIONS 0 0 0 0
NET PROFIT (LOSS) 761,652 458,461 8,585,140 3,151,006
   PROFIT (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS (1,582) (476) (2,042) (807)
   PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT

 

763,234

 

458,937

 

8,587,182

 

3,151,813

         
BASIC EARNINGS (LOSS) PER SHARE 1.53 0.92 17.25 6.33
DILUTED EARNINGS (LOSS) PER SHARE 0 0 0 0

 

11

 

 

 
OTHER COMPREHENSIVE INCOME
(NET OF INCOME TAX)        
         
NET PROFIT (LOSS) 761,652 458,461 8,585,140 3,151,006
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    (64,172)   (133,453)    (865,436)   (561,592)
   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 108,528 0 0 0
TOTAL OTHER COMPREHENSIVE INCOME    44,356   (133,453)    (865,436)   (561,592)
         
         
TOTAL COMPREHENSIVE INCOME  806,008 325,008 7,719,704 2,589,414
   COMPREHENSIVE INCOME, ATTRIBUTABLE TO NON-CONTROLLING INTERESTS (2,294) 632 1,673 640
   COMPREHENSIVE INCOME, ATTRIBUTABLE TO OWNERS OF PARENT 808,302 324,376 7,718,031 2,588,774
         
Informational data (not part of the statement) CURRENT YEAR PREVIOUS YEAR
ACCUMULATED QUARTER ACCUMULATED QUARTER
OPERATING DEPRECIATION AND AMORTIZATION 810,652 269,165 749,446 252,248
EMPLOYEE PROFIT SHARING EXPENSE 0 0 0 0
         
Informative data (12 Months) YEAR    
CURRENT PREVIOUS    
REVENUE NET (**) 31,149,803 33,565,526    
OPERATING PROFIT (LOSS) (**) 4,644,394 5,584,062    
PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT(**) 2,631,368 9,196,750    
NET PROFIT (LOSS) (**) 2,638,231 9,201,823    
OPERATING DEPRECIATION AND AMORTIZATION (**) 1,094,897 962,042    
         
(*) TO BE DEFINED BY EACH COMPANY        
(**) INFORMATION FOR THE LAST 12 MONTHS        

 

12

 

 

     
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC YEAR 2025

QUARTER: 3

 

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 1,554,463 9,347,050
+(-) ITEMS NOT REQUIRING CASH 0 0
+ ESTIMATE FOR THE PERIOD 0 0
+ PROVISION FOR THE PERIOD (6,834) 4,255
+(-) OTHER UNREALISED ITEMS 0 0
+(-) ITEMS RELATED TO INVESTING ACTIVITIES (92,586) (367,464)
DEPRECIATION AND AMORTISATION FOR THE PERIOD 810,652 749,446
(-)+ 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 (903,238) (1,116,910)
(-) EXCHANGE FLUCTUATION 0 0
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH 0 0
+(-) ITEMS RELATED TO FINANCING ACTIVITIES 82,244 9,353
(+) ACCRUED INTEREST 82,244 9,353
(+) EXCHANGE FLUCTUATION 0 0
(+) DERIVATIVE TRANSACTIONS 0 0
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH 0 0
CASH FLOWS BEFORE INCOME TAX 1,537,287 8,993,194
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES (2,701,823) (4,195,055)
+(-) DECREASE (INCREASE) IN TRADE ACCOUNTS RECEIVABLE (22,850) (2,349,563)
+(-) DECREASE (INCREASE) IN INVENTORIES 557,338 (148,468)
+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE (436,669) 720,979
+(-) INCREASE (DECREASE) IN TRADE ACCOUNTS PAYABLE (1,053,938) (3,204,611)
+(-) INCREASE (DECREASE) IN OTHER LIABILITIES (1,745,704) 786,608
+(-) INCOME TAXES PAID OR RETURNED 0 0
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES (1,164,536) 4,798,139
INVESTING ACTIVITIES    
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES (221,067) (388,221)
(-) PERMANENT INVESTMENTS 0 0
+ DISPOSITION OF PERMANENT INVESTMENTS 0 0
(-) INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT (1,946,789)) (1,460,199))
+ 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 42,480
+ INTEREST RECEIVED 903,238 1,074,430
+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS 0 0
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH 822,484 (44,932)
FINANCING ACTIVITIES    
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES (174,343) (96,212)
+ 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 82,244 9,353
(-) REPURCHASE OF SHARES 92,099 86,859
(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH 0 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,559,946) 4,313,706
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (15,951) 369,421
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 29,158,227 23,584,335
CASH AND CASH EQUIVALENTS AT END OF PERIOD 27,529,143 28,267,462

 

13

 

 

 

 

     QUARTER: 3 YEAR 2025
         
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 2024 2,832,268 4,355,320 4,575,233  
         
RETROSPECTIVE ADJUSTMENTS        
         
APPLICATION OF COMPREHENSIVE INCOME  TO RETAINED EARNINGS        
         
RESERVES        
         
DIVIDENDS        
         
CAPITAL INCREASE (DECREASE)         
         
REPURCHASE OF SHARES    86,861  
         
(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES        
         
(DECREASE) INCREASE IN NON-CONTROLLING INTERESTS        
         
OTHER CHANGES     0  
         
COMPREHENSIVE INCOME         
         
BALANCE AT _30 SEPTEMBER 2024_________ 2,832,268 4,442,181 4,575,233 0
         
         
BALANCE AT 1 JANUARY 2025 2,832,268 4,481,816 4,575,233 0
         
RETROSPECTIVE ADJUSTMENTS        
         
APPLICATION OF COMPREHENSIVE INCOME TO RETAINED EARNINGS        
         
RESERVES        

 

 

        
DIVIDENDS        
         
CAPITAL INCREASE (DECREASE)         
         
REPURCHASE OF SHARES   92,099      
         
(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES        
         
(DECREASE) INCREASE IN NON-CONTROLLING INTERESTS        
         
OTHER CHANGES   0  
         
COMPREHENSIVE INCOME         
         
BALANCE AT 30 SEPTEMBER 2025 2,832,268 4,573,915 4,575,233 0
         

 

14

 

 

     

QUARTER: 3

 

 YEAR 2025
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 42,384,854, (2,628,704) 49,780,624 24,841 49,805,465
             
             
             
             
             
             
             
 0        0    0
             
              
             
                               (86,861)      (86,861)
             
             
             
               
             
     (869,151)   (869,151) 3,715    (865,438)
             
    8,587,182                      8,587,182   (2,042)  8,585,140
             
(27,707) 7,000,000 50,972,036 (3,497,855) 57,411,794 26,514 57,438,308
             
             
(27,707) 7,000,000 52,872,672 (3,556,863) 59,213,787 28,224 59,242,011
             
             
             
              
             
             
             
 108,528        108,528    108,528
             
             
             
                         (92,099)   (92,099)
             
             
             
             
             
      (61,878)                       (61,878)   (2,294)    (64,172)
             
    763,234                 763,234 (1,582) 761,652
             
80,821 7,000,000 53,635,906 (3,618,741) 59,931,572 24,348 59,955,920

15

 

 

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, 2024.

 

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.

 

16

 

 

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.

 

17

 

 

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 September 30, 2025 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:   2025     2024  
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.

 

18

 

 

(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)

 

dCost 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.

 

19

 

 

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, 2025     20.4003 
Current exchange rate as of June 30, 2025     18.8483 
Current exchange rate as of September 30, 2025     18.3507 
Current exchange rate as of December 31, 2024     20.5103 

 

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.

 

20

 

 

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.

 

21

 

 

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.

 

23

 

 

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.

 

oForeign 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.

 

24

 

 

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.

 

25

 

 

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.

 

26

 

 

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.

 

tDerivative 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%.

 

27

 

 

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.

 

28

 

 

           
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC       QUARTER: 3 YEAR 2025
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

29

 

 

 
                                 
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC                             QUARTER: 3 YEAR 2025
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 5,542 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 5,692 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          272,529         0

 

2,173,914

          1,029
TOTAL SUPPLIERS         0 272,529 0 0 0 0 0 2,173,914 0 0 0 1,029
                                 
                                 
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         0 272,529 0 0 0 0 0 2,179,456 0 0 0 1,029
                                 
                             
     Estas columnas no aplican para las secciones correspondientes            

30

 

 

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC          
GRUPO SIMEC, S.A.B. DE C.V       QUARTER: 3 YEAR 2025
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 1,735,590 31,849,289 0 0 31,849,289
CURRENT 1,735,590 31,849,289 0 0 31,849,289
           
NON CURRENT 0 0 0 0 0
           
LIABILITIES 216,342 3,970,022 0 0 3,970,022
SHORT TERM 216,286 3,968,993 0 0 3,968,993
           
LONG TERM 56 1,029 0 0 1,029
           
           
NET BALANCE 1,519,248 27,879,267 0 0 27,879,267
           
(1) IN THE NOTES SECTION MUST SPECIFY THE CURRENCY AND EXCHANGE RATE    

 

 

 

          

 

31

 

 

             
BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
        QUARTER: 3 YEAR 2025  
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 6.10 times      
B) Accomplished the actual situation is 0.16      
C) Accomplished the actual situations 558.61      
             
As of September 30, 2025, the remaining balance of the MTNs not exchanged amounts to Ps. 5.5  Millions ($302.000 dollars)
             
             
             
             

 

32

 

 

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC          
GRUPO SIMEC, S.A.B. DE C.V       QUARTER: 3 YEAR 2025
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 538 8,133,250 0    
SPECIAL PROFILES 204 4,435,860 0    
OTHERS 0 0 0    
           
TOTAL 742 12,569,110 0    
           
FOREIGN SALES          
COMMERCIAL PROFILES 484 6,462,206 0    
SPECIAL PROFILES 173  3,262,990 0    
OTHERS 0 0 0    
           
TOTAL 657 9,725,196 0    
           
FOREIGN  SUBSIDIARIES          
SPECIAL PROFILES 1 25,571      
           
           
           
T  O  T  A  L 1,400 22,319,877      
           
           

 

33

 

 

BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. 
CLAVE DE COTIZACION: SIMEC              
GRUPO SIMEC, S.A.B. DE C.V   QUARTER: 3 YEAR 2025       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
                   

 

34

 

Source: View Original Filing on SEC EDGAR

Stock SIM logo
Grupo Simec

NYSE:SIM

SIM Rankings

#1500 Ranked by Market Cap
N/A Ranked by Dividends

SIM Latest News

Oct 27, 2025
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST NINE MONTHS OF 2025
Oct 6, 2025
Grupo Simec SAB Announces Amendment to its Annual Report on Form 20F for the year anded December 31, 2024
Jul 25, 2025
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST SIX MONTHS OF 2025
Jun 11, 2025
GRUPO SIMEC SAB DE CV ANNOUNCES THE PRESENTATION OF DOCUMENT 20F TO THE SEC
Apr 30, 2025
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER, OF 2025, ENDED MARCH 31, 2025

SIM Latest SEC Filings

Oct 1, 2025
[20-F/A] GRUPO SIMEC, S.A.B. de C.V. Amends Annual Report (Foreign Issuer)
Oct 1, 2025
[6-K] GRUPO SIMEC, S.A.B. de C.V. Current Report (Foreign Issuer)

SIM Stock Data

4.23B
153.67M
0.17%
Steel
Basic Materials
Link
Mexico
Guadalajara