Ternium S.A.'s SEC filings document foreign-issuer disclosure for a Luxembourg steel producer with ADSs listed on the NYSE under TX. The filings include Form 6-K reports, annual report materials and Form 20-F-related announcements covering IFRS consolidated financial statements, Steel and Mining segment information, operating and financial review, research and development, alternative performance measures and audited annual accounts.
Governance filings cover annual general meeting notices, shareholder meeting brochures, proxy statements, ADS voting instructions and dividend-allocation proposals. Other disclosures address capital structure, distributions, property, plant and equipment, investments in non-consolidated companies, related-party transactions, tax matters, contingencies and risk factors, including matters connected with Usiminas.
Ternium S.A. reported solid first quarter 2026 results, with net sales of $3,934 million, essentially flat year-over-year but slightly higher than the prior quarter. Operating income rose to $290 million, reflecting better realized steel prices and lower unit costs.
Adjusted EBITDA increased to $479 million, giving a margin of 12% compared with 8% a year earlier, while net income more than doubled year-over-year to $372 million. Earnings attributable to shareholders reached $213 million, or $1.09 per ADS.
Cash from operations was $217 million, but heavy capital expenditures of $406 million and a $315 million purchase of Usiminas shares led to negative free cash flow and a lower net cash position of $0.3 billion at March 31, 2026.
Ternium S.A. reported stronger results for the first quarter of 2026 as higher steel prices lifted profitability despite softer mining volumes. Net sales were unchanged year-over-year at $3.934 billion, but operating income rose to $290 million from $132 million, helped by wider margins in the steel segment.
Adjusted EBITDA increased to $479 million, up 48% from 1Q25, with margin improving to 12% of net sales from 8%. Net income rose to $372 million, including a $132 million deferred tax gain and a $48 million litigation provision related to the Usiminas acquisition. Earnings attributable to shareholders reached $213 million, or $1.09 per ADS, up from $0.34 a year earlier.
Steel product shipments slipped 4% year-over-year to 3.7 million tons, while mining shipments fell 8% to 2.8 million tons. Cash from operations was $217 million and, after $406 million of capex and a $315 million purchase of additional Usiminas shares, Free Cash Flow was negative $189 million. Net cash decreased to $0.327 billion at March 31, 2026.
Ternium S.A. is revising its dividend proposal tied to 2025 results, cutting the planned annual dividend from USD 0.27 to USD 0.22 per share (or from USD 2.70 to USD 2.20 per ADS).
The adjusted annual dividend totals USD 432 million and includes an interim dividend of USD 0.09 per share (USD 0.90 per ADS) already paid in November 2025. If approved at the May 12, 2026 Annual General Meeting in Luxembourg, shareholders would receive a remaining Dividend Balance of USD 0.13 per share (USD 1.30 per ADS) on May 15, 2026. The company reports profit for the 2025 financial year of USD 722 million and plans to allocate remaining profit to retained earnings.
Ternium S.A. revised its 2025 dividend proposal, lowering the recommended payout to $2.20 per ADS ($0.22 per share), or $432 million, from the previously announced $2.70 per ADS.
The annual dividend figure includes an interim dividend of $0.90 per ADS ($0.09 per share), or $177 million, already paid in the fourth quarter of 2025. If shareholders approve the new proposal on May 12, 2026, a remaining net dividend of $1.30 per ADS ($0.13 per share), or $255 million, will be paid on May 15, 2026, to holders of record on May 14, 2026.
The Board kept its outlook for higher adjusted EBITDA in the first quarter of 2026, with expectations for further improvement in the second quarter, but chose to reduce the dividend to reinforce the balance sheet amid global uncertainty and potential economic effects from the conflict in the Middle East.
Ternium S.A. filed its annual report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The report is available on both the SEC’s website and Ternium’s website in the Investors section.
The company reminds readers that its press release includes forward-looking statements, which are subject to risks related to global economic conditions, steel market demand, production capacity, tariffs, and industry cyclicality. Ternium describes itself as a leading steel producer in the Americas focused on advanced steel products, low-carbon technologies and community development initiatives.
Ternium S.A. files its annual report outlining operations, capital structure and extensive risk disclosures. The company had 2,004,743,442 ordinary shares outstanding, par value $1.00 per share, as of the period end, and prepares audited consolidated financial statements under IFRS for 2025, 2024 and 2023.
Ternium explains its ADS listing on the NYSE and reliance on non‑IFRS metrics such as Net Cash and Free Cash Flow, reconciled to IFRS. The report details exposure to steel demand cyclicality, price volatility, global overcapacity led by China, and sensitivity to raw material and energy costs.
Key risks include U.S. Section 232 tariffs, USMCA trade uncertainties, inflation and FX swings in Mexico, Brazil and Argentina, cybersecurity threats, climate‑related physical impacts, and significant mining, community‑relations and regulatory risks. Ternium also notes impairment and tax charges at mining assets and its Usiminas investment, plus ongoing litigation risk in Brazil tied to that acquisition.
Ternium S.A. reports 2025 results with lower sales but stronger bottom-line profit, driven by heavy investment and tax effects. Net sales fell to $15,609 million from $17,649 million, while operating income dropped to $705 million and Adjusted EBITDA to $1,541 million. Net income rose to $303 million, and owners’ net income swung to a $425 million profit, or $2.17 per ADS, helped by a $222 million deferred tax gain, partly offset by a $405 million deferred tax asset write‑down at Usiminas and a $117 million litigation provision.
Free cash flow turned negative at $(187) million as capital expenditures peaked at $2,501 million, mainly for the new DRI/EAF slab and downstream facilities in Pesquería, Mexico. Net cash declined to $712 million, with $1.5 billion in cash, $1.6 billion in other investments and $2.4 billion of borrowings as of December 31, 2025. The board proposed a total annual dividend of $2.70 per ADS, or $530 million, including the interim dividend, with a final net $1.80 per ADS payable in May 2026 if approved.
Ternium S.A. has called its annual general meeting for May 12, 2026 in Luxembourg to approve 2025 financial statements, elect directors and appoint auditors. The board proposes an Annual Dividend of USD 0.27 per share (USD 2.70 per ADS), totaling USD 530 million, including an interim dividend of USD 0.09 per share already paid, leaving a dividend balance of USD 0.18 per share (USD 353 million) payable on May 15, 2026. Profit for 2025 was USD 722 million. As of the notice date, 2,004,743,442 shares were issued and the company held 41,666,666 treasury shares. Shareholders are asked to renew authorization for the company and subsidiaries to repurchase up to 10% of outstanding shares within a defined price band, reappoint all eight current directors, approve 2026 director compensation (USD 115,000 per director, plus USD 295,000 for the chairman and extra fees for audit committee members), and appoint PricewaterhouseCoopers as independent auditors with pre-set fee caps in multiple currencies.
Ternium S.A. filed a Form 6-K to share a press release announcing its annual general meeting of shareholders. The meeting is scheduled for Tuesday, May 12, 2026, at 9:00 a.m. CET at the company’s registered office in Luxembourg.
Each holder of ADSs as of March 30, 2026 may instruct The Bank of New York Mellon, the depositary, on how to vote the underlying shares. Key documents, including the notice and agenda, shareholder meeting brochure and proxy statement, and the 2025 Annual Report, are available in the Investors section of Ternium’s website and at its Luxembourg office, free of charge.