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. filed a specialized Form SD report disclosing government payments related to the commercial development of minerals for the fiscal year ended December 31, 2024.
The report shows total payments of $68,929,117, including $48,029,915 in taxes, $5,959,222 in fees and $14,939,980 in royalties. All payments were made by mining subsidiaries in Mexico and Brazil and converted to U.S. dollars using the period’s average exchange rates.
The disclosed projects all relate to iron ore extraction, mainly open-pit mines in Mexican states such as Michoacán, Jalisco and Colima and in Brazil’s Minas Gerais state. Ternium provides both project-level and government-level breakdowns, as required under Section 13(q), covering payments to national finance and mining authorities in each country.
Ternium (TX) filed its H1-25 condensed financials. Net sales fell 15% YoY to $7.88 bn as weaker steel volumes/prices hurt the core Steel segment; Mining contributed $267 mn. Gross margin slipped to 14.5% (from 20.0%), driving IFRS operating income down 68% to $331 mn. However, the absence of last year’s $783 mn Usiminas-related litigation charge swung the bottom line to a $402 mn profit (vs. –$252 mn).
Cash from operations rose 10% to $1.25 bn, supported by a $727 mn working-capital release. The group spent $1.33 bn on capex—largely the Mexican DRI-EAF build—resulting in a $126 mn increase in cash to $1.86 bn plus $1.52 bn short-term investments. Net debt stands at $500 mn (gross debt $2.36 bn). Shareholders received $353 mn in May dividends.
Equity is stable at $16.6 bn. Key risks remain the Brazilian CSN lawsuit (potential exposure ≈$495 mn booked) and newly announced U.S. steel tariffs. Subsequent to period-end, Ternium México secured a $1.25 bn green syndicated loan (SOFR +125 bps) to fund the Pesquería expansion, adding liquidity but increasing leverage caps under new covenants.