Grupo Simec Reports Financial Results for First Half of 2025

SEC Filing 6-K (0001213900-25-069451)

Grupo Simec, S.A.B. de C.V. announced its financial results for the first six months of 2025, ending June 30, 2025. The company reported a 9% decrease in net sales, primarily due to an 11% decline in shipments of finished steel products, despite a 3% increase in average sales prices. Net sales dropped from Ps. 16,279 million in the first half of 2024 to Ps. 14,835 million in the first half of 2025. Cost of sales also decreased by 9%, maintaining a 75% ratio to net sales. Gross profit fell to Ps. 3,668 million from Ps. 4,047 million in the same period last year. Operating profit decreased by 10% to Ps. 2,624 million, and EBITDA declined by 7% to Ps. 3,165 million. Net income saw a significant drop of 94%, from Ps. 5,435 million in the first half of 2024 to Ps. 304 million in the first half of 2025. The company attributed the decline in performance to lower shipment volumes and higher costs of raw materials, particularly scrap.