Grupo Simec Q1 2026 Financial Results: 31% Net Income Growth and Strong Performance

Grupo Simec reported strong first quarter 2026 results with significant growth across key financial metrics. Net sales increased 3% year-over-year to Ps. 8,032 million, driven by an 11% increase in finished steel shipments to 530 thousand tons, though partially offset by 7% lower average sales prices. Gross profit rose 7% to Ps. 2,135 million with margins improving from 26% to 27%. Operating profit increased 3% to Ps. 1,465 million, while EBITDA grew 4% to Ps. 1,754 million. Most notably, net income controlling interest surged 31% to Ps. 1,706 million from Ps. 1,305 million in Q1 2025. The company showed geographic diversification with Mexican sales increasing 8% while international sales decreased 2%. Comprehensive financial income improved significantly to Ps. 312 million from Ps. 57 million, driven by exchange gains. Total assets increased to Ps. 73.8 billion, with strong liquidity maintained at Ps. 28.3 billion in cash and equivalents.