Grupo Simec Reports Surge in Profit Driven by Stable Exchange Rates

The Guadalajara-based steel producer recorded net sales of Ps. 16.19 billion for the six-month period ending June 30, a 9% rise over the previous year. This growth was fueled by a 16% jump in shipments, which reached 1.05 million tons, effectively offsetting a 6% decline in average sales prices. Domestic demand served as a key engine for this expansion, with sales in Mexico climbing 15% to Ps. 9.46 billion.

While operating profit grew by a modest 5% to Ps. 2.76 billion, the company's bottom line benefited significantly from a cooling of volatility in currency markets. Financial costs, which weighed heavily on the firm in 2025, shifted to a net income of Ps. 53 million for the first half of 2026. This stark contrast to the Ps. 1.85 billion in financial expenses recorded in the first half of 2025 highlights the stabilization of the company's balance sheet. EBITDA also reflected this upward trend, rising 6% to Ps. 3.35 billion, even as the cost of sales increased 8% due to higher production volumes.