GUADALAJARA, Mexico, April 30, 2025/ PRNewswire/– Grupo Simec, S.A.B. de C.V. SIM (” Simec”) revealed today its outcomes of operations for the three-period ended March 31, 2025
Relative very first quarter of 2025 vs. very first quarter of 2024
Net Sales
The net sales of the business reduced stemmed from a lower list prices. Sales reduced from Ps. 7,885 million in the very first quarter of 2024 to Ps. 7,783 million in the very same duration of 2025. Deliveries of steel completed items reduced 1% from 479 thousand heaps in the very first quarter of 2024 compared to 476 thousand heaps in the very same duration of 2025. Overall sales beyond Mexico in the very first quarter of 2025 reduced 6% to reach Ps. 3,469 million compared to Ps. 3,694 million in the very same duration of 2024. The Mexican sales increased 3% from Ps. 4,191 million in the very first quarter of 2024 to Ps. 4,314 million in the very same duration of 2025. The typical list prices per lots of steel completed items reduced 1% in the very first quarter of 2025 compared to the very same duration of 2024.
Expense of Sales
The expense of sales reduced from Ps. 5,876 million in the very first quarter of 2024 to Ps. 5,786 million in the very same duration of 2025. Expense of sales as a portion of net sales in the very first quarter of 2025 and 2024 represented 74% and 75% for stated durations respectively. The typical expense of sales per lots of steel completed items reduced 1% in the very first quarter of 2025 compared to the very same duration of 2024.
Gross Revenue
The gross earnings of the business reduced 1% from Ps. 2,009 million in 2024 to Ps. 1,997 million in the very same duration of 2025. Gross earnings as a portion of net sales in the very first quarter of 2025 and 2024 represented 26% and 25% respectively. The decline in gross earnings is brought on by a lower Volume of heaps delivered in the very first quarter of 2025 compared to the very same duration of 2024, and lower typical list prices per load. Of steel completed items.
General, Sales and administrative Costs
General, selling, and administrative costs increased 6%, from Ps.595 million in the very first quarter of 2024 to Ps. 633 million in the very same duration of 2025 and representing 8% of net sales for both durations 2025 and 2024.
Other Costs (Earnings) internet
The business tape-recorded other earnings internet of Ps. 62 million in the very first quarter of 2025 compared to other earnings internet of Ps. 5 million in the very same duration of 2024.
Operating Earnings
The operating earnings was Ps. 1,419 million in the very first quarter of 2024 compared to Ps. 1,426 million in the very same duration of 2025. Running earnings as a portion of net sales was 18% for both the firsts quarters of 2025 and 2024.
EBITDA
The EBITDA of the Business remained in Ps. 1,668 million in the very first quarter of 2024, (outcome of an earnings of Ps. 1,456 million, plus earnings taxes of Ps. 110 million, less thorough monetary earnings of Ps. 147 million, plus devaluation of Ps. 249 million). Compared to an Ebitda of Ps 1,692 million in the very same duration of 2025 (outcome of an earnings of Ps. 1,305 million, less minority stake of Ps. 1 million, plus earnings taxes of Ps. 179 million, less thorough monetary earnings of Ps. 57 million, plus devaluation of Ps. 266 million).
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Consolidated |
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Million |
Relative very first quarter of 2025 vs very first quarter of 2024, |
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2025 |
2024 |
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Earnings (loss) Controlling interest |
1,305 |
1,456 |
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Loss attributable to noncontrolling interests |
( 1 ) |
0 |
|||||
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Earnings (loss) |
1,304 |
1,456 |
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Devaluation and amortization |
266 |
249 |
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Earnings taxes |
179 |
110 |
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Monetary outcomes (earnings) loss |
( 57 ) |
( 147 ) |
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EBITDA |
1,692 |
1,668 |
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Comprehensive Financial Expense
The Detailed monetary earnings in the very first quarter of 2025 represented an earnings of Ps. 57 million compared to an earnings of Ps. 147 million in the very same duration of 2024. Net interest was an earnings of Ps. 213 million in the very first quarter of 2025 compared to an earnings of Ps. 250 million in the very same duration of 2024. At the very same time, Simec signed up an exchange loss of Ps. 156 million in the very first quarter of 2025 compared to an exchange loss of Ps.103 million in the very same duration of 2024.
Earnings Taxes
Earnings Taxes tape-recorded an expenditure of Ps. 179 million in the very first quarter of 2025 (consisting of the advantages of Ps. 7 countless deferred earnings taxes), compared to an expenditure of Ps.110 million in the very same duration of 2024 (consisting of the advantages of Ps. 8 countless deferred earnings taxes).
Earnings (loss)
As an outcome of the foregoing, earnings reduced to Ps. 1,305 million in the very first quarter of 2025 from Ps. 1,456 million in the very same duration of previous year.
Monetary Scenario, Liquidity and Capital Resources
Since March 31, 2025, Simec’s overall combined financial obligation included U.S. $ 302,000 of 8 7/8% medium-term notes (” MTN’s”) due 1998, or Ps. 6.2 million (accumulated interest on March 31, 2025 was U.S. $ 849 or Ps. 17.3 million). Since March 31, 2024, Simec’s overall combined financial obligation included U.S. $ 302,000 of 8 7/8% medium-term notes (” MTN’s”) due 1998, or Ps. 5.0 million (accumulated interest on March 31, 2024 was U.S. $ 820 or Ps. 13.7 million).
Relative very first quarter of 2025 vs. 4th quarter of 2024
Net Sales
The net sales of the business reduced 12% comparing Ps. 8,830 million in the 4th quarter of 2024 to Ps. 7,783 million in the very first quarter of 2025. The heaps sales reduced 8%, from 520 thousand heaps in the 4th quarter of 2024 compared to 476 thousand heaps in the very first quarter of 2025. Overall sales beyond Mexico in the very first quarter of 2025 reduced 21% from Ps. 4,410 million on the last quarter of 2024 compared to Ps. 3,469 million in the very first quarter of 2025. The Mexican sales reduced 2% from Ps. 4,420 million in the 4th quarter of 2024 to Ps. 4,314 million in the very first quarter of 2025. The decline was primarily due to a lower volume of heaps delivered, in the very first quarter of 2025 compared to the 4th quarter of 2024.
Expense of Sales
Expense of sales reduced 22% from Ps. 7,408 million in the 4th quarter of 2024 to Ps. 5,786 million in the very first quarter of 2025. Expense of sales as a portion of net sales in the very first quarter of 2025 represented 74% and in the last quarter of 2024 expense of sales represented 84%. The typical expense of completed steel items in the very first quarter of 2025 reduced 15% compared to the 4th quarter of 2024 as an outcome of lower input expenses in the very first quarter of 2025.
Gross Revenue
Gross earnings of the business for the very first quarter of 2025 increased to Ps. 1,997 million in 2025 from Ps. 1,422 million in the last quarter of 2024. Gross earnings as a portion of net sales in the very first quarter of 2025 was 26% and for the last duration of 2024 was 16%. The boost in gross earnings was because of decrease expenses for inputs.
General, Sales and administrative Costs
Basic selling, and administrative costs reduced to Ps. 633 million in the very first quarter of 2025 compared to Ps. 768 million in the 4th quarter of 2024, representing 8% for the very first quarter 2025 and 9% for the 4th quarter 2024.
Other Costs (Earnings) internet
The business tape-recorded other earnings of Ps. 62 million in the very first quarter of 2025 compared to other earnings of Ps. 207 million in the 4th quarter of 2024.
Operating Earnings
Operating earnings increased 66% to Ps. 1,426 million in the very first quarter of 2025 compared to Ps. 861 million in the last quarter of 2024. Running earnings as a portion of net sales was 18% in the very first quarter of 2025, compared to 10% in the last quarter of 2024. The boost in operating earnings is primarily due to lower input expenses and lower costs in the very first quarter of 2025 compared to the 4th quarter of 2024.
EBITDA
The EBITDA of the Business was of 1,178 million in the 4th quarter of 2024, (outcome of an earnings of Ps. 1,901 million, less minority stake of Ps. 5 million, plus earnings taxes of Ps. 1,298 million, less thorough monetary earnings of Ps. 2,333 million, plus devaluation of Ps. 317 million). Compared to an Ebitda of Ps. 1,692 million in the very first quarter of 2025 (outcome of earnings of Ps. 1,305 million, less minority stake of Ps. 1 million, plus earnings taxes of Ps. 179 million, less thorough monetary earnings of Ps. 57 million, plus devaluation of Ps. 266 million).
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Consolidated |
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Million |
Relative very first quarter of 2025 vs 4th quarter of 2024, |
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2025 |
2024 |
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Earnings (loss) Controlling interest |
1,305 |
1,901 |
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Loss attributable to noncontrolling interests |
( 1 ) |
( 5 ) |
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Earnings (loss) |
1,304 |
1,896 |
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Devaluation and amortization |
266 |
317 |
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Earnings taxes |
179 |
1,298 |
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Monetary outcomes (earnings) loss |
( 57 ) |
( 2,333) |
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Changed EBITDA |
1,692 |
1,178 |
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Comprehensive Financial Expense
Detailed monetary earnings in the very first quarter of 2025 represented an earnings of Ps. 57 million compared to an earnings of Ps. 2,333 million in the 4th quarter of 2024. Net interest earnings of the very first quarter of 2025 was of Ps. 213 million compared to an interest earnings of Ps. 550 million in the last quarter of 2024. Also, an exchange loss of 156 million was tape-recorded in the very first quarter of 2025 versus an exchange earnings of Ps. 1,757 million in the last quarter of 2024. In the 4th quarter of 2024, other net monetary earnings was tape-recorded for Ps. 26 million.
Earnings Taxes
Earnings Taxes tape-recorded an expenditure of Ps. 179 million in the very first quarter of 2025 (consisting of an earnings of deferred tax of Ps. 7 million). compared a net tax cost of Ps. 1,298 million in the 4th quarter of 2024 (consisting of an earnings of deferred tax of Ps. 205 million).
Earnings (loss)
As an outcome of the foregoing, the earnings of the very first quarter of 2025 is of Ps. 1,305 million compared to an earnings of Ps. 1,901 million in of the 4th quarter 2024.
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Quarter |
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( countless pesos) |
1Q’ 25 |
4Q ’24 |
1Q 24 |
1Q ´ 25 vs |
1Q ´ 25 vs |
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Sales |
7,783 |
8,830 |
7,885 |
( 12%) |
( 1%) |
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Expense of Sales |
5,786 |
7,408 |
5,876 |
( 22%) |
( 2%) |
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Gross Revenue |
1,997 |
1,422 |
2,009 |
40% |
( 1%) |
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Offering, General and Adm. Costs |
633 |
768 |
595 |
( 18%) |
6% |
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Other Earnings( Costs), internet |
62 |
207 |
5 |
( 70%) |
1140%(* )Operating Revenue |
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1,426(* )861 |
1,419 |
66% |
0% |
EBITDA |
1,692 |
|
1,178 |
1,668 |
44%(* )1% |
Earnings Controlling interest |
1,305 |
1,901 |
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1,456 |
( 31 %) |
( 10%) |
Sales Outdoors Mexico |
3,469 |
4,410 |
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3,694 |
( 21%) |
( 6%) |
Sales in Mexico |
4,314 |
4,420 |
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4,191 |
( 2%) |
3% |
Overall Sales (Heaps thousands) |
476 |
520 |
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479 |
( 8 %) |
( 1 %) |
Expense per Lot( Pesos) |
12,155 |
14,246 |
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12,267 |
( 15 %) |
(1 %) |
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Item |
Countless Heaps |
Jan-Mar
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2025 |
Countless Pesos Jan-Mar 2025 |
Typical Cost per Lot Jan-Mar 2025 |
Countless Heaps Oct-Dec 2024 |
Countless Pesos Oct-Dec 2024 |
Typical Cost per Lot Oct-Dec 2024 |
Countless Heaps Jan-Mar 2024 |
Countless Pesos Jan-Mar 2024 |
Typical Cost per Lot Jan-Mar 2024 |
Business Long Steel 360 5,374 |
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14,928 |
403 |
6,350 |
15,757 |
352 |
5,435 |
15,440 |
Unique Bar Quality SBQ |
116 |
2,409 |
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20,767 |
117 |
2,480 |
21,197 |
127 |
2,450 |
19,291 |
Overall |
476 |
7,783 |
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16,351 |
520 |
8,830 |
16,981 |
479 |
7,885(* )16,461 |
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Any positive info consisted of herein is naturally based on different dangers, unpredictabilities and presumptions which, if inaccurate, might trigger real outcomes to differ materially from those expected, anticipated or approximated. The business presumes no commitment to upgrade any positive info |
consisted of herein. |
NEWS RELEASE |
Contact: José Luis Tinajero
Mario Moreno Cortez Grupo Simec, S.A.B. de C.V.
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Calzada Lázaro Cárdenas 601 |
44440 Guadalajara, Jalisco, México |
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52 55 1165 1025 |
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52 33 3770 6734 |
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SOURCE |
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Grupo Simec |
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, S.A.B. de C.V. |