Peru · Delayed Price · Currency is PEN Cementos Pacasmayo Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 16.3% to PEN 667.4 million and EBITDA grew 45.1%, with margin expanding to 34.9%. Management expects ~4% volume growth next year, subject to El Niño.
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Q2 2026 saw double-digit revenue and profit growth, with EBITDA margin expanding to 31.3% and net income up 61%. Cement and precast segments led gains, while concrete margins normalized at higher levels. Outlook remains positive, supported by infrastructure demand and disciplined CapEx.
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Revenue and EBITDA grew double digits year-over-year, with margins reaching multi-year highs. Holcim's acquisition marks a new strategic era, while sustainability and social impact initiatives advanced significantly.
Fiscal Year 2025
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Holcim’s pending acquisition of a controlling stake at a 9x EBITDA multiple highlights confidence in the company’s strategy and operational excellence. Record 2025 results featured strong sales, margin expansion, and sustainability achievements, with a positive outlook for 2026.
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Sales and net income grew strongly year-over-year, driven by infrastructure and self-construction demand. Margins and volumes are expected to remain robust despite political uncertainty, with steady CapEx and dividends maintained.
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Sales volume and revenues grew strongly year-over-year, driven by infrastructure demand and disciplined execution. Margins remain stable, with high single-digit volume growth and steady dividends expected for the rest of the year.
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Revenue and net profit grew year-over-year, driven by strong demand for cement and concrete in infrastructure projects. Gross margin pressures arose from project execution costs, but deleveraging continued and dividend policy remains solid.
Fiscal Year 2024
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Q4 2024 saw a reversal in sales volume trends and record EBITDA, driven by public sector and infrastructure demand. Digital transformation, sustainability achievements, and a smooth CFO succession highlight operational progress. EBITDA margins and volumes are expected to remain strong in 2025.
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Record EBITDA and net income growth were achieved through operational efficiencies and cost optimization, despite slightly lower sales volumes. Management expects volume and margin improvements in 2025, supported by public projects and continued focus on innovation and sustainability.
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Revenues grew 3.4% year-over-year in Q2 2024, driven by strong concrete and pavement sales for infrastructure projects, while cement volumes declined due to weak self-construction demand. Management expects a stronger second half as public investment and macro trends improve.