Cementos Mexicanos (Cemex) presented its financial results for the first quarter of 2025 (1Q25), which highlighted a record net profit of 734 million dollars (mdd) , which was mainly driven by a gain due to the sale of the company’s operations in the Dominican Republic, in addition to seeking to promote the Cutting Edge Project , focused on logistics and savings.
The company emphasized that under the leadership of Jaime Muguiro , CEO of Cemex, it plans to implement the previously announced cost-saving initiative.
With this plan, the firm seeks to drive an efficient organizational transformation, simplifying and strengthening regional operations to achieve profitable growth.
With it, Cemex aims to achieve annual recurring savings from its operating cash flow of at least $150 million by 2025 and $350 million by 2027, focusing on the supply chain, logistics and procurement, as well as on the company’s operations to optimize the mix of electricity and fuels.
Regarding its results, the firm indicated that in the first quarter of 2025 its net sales totaled $3.649 billion , which represented a 7% decrease compared to the same period in 2024, and that this was due to higher consolidated prices that partially offset the effect of lower volumes in Mexico.
In its report, it highlighted that operating cash flow (EBITDA) reached $601 million in 1Q25, which represented an 18% annual decrease.
The company emphasized that the increase in prices it recorded during the quarter was offset by the drop in volume, which is why sales in Mexico and the United States declined.
“My commitment is to generate the highest possible returns for our shareholders by being the best partner for our clients, focusing carefully on operational efficiency, and implementing a disciplined capital allocation strategy,” said Jaime Muguiro.
Regarding its operations in Mexico, the cement company reported sales of $981 million in the first quarter of 2025, a 25% drop compared to the same period last year. Meanwhile, its operating cash flow showed a 27% decrease to $308 million compared to the same quarter in 2024.
In the United States, the cement company also posted losses in the first three months of this year. Sales there were $1.19 billion , a 4% drop compared to the same period in 2024. EBITDA fell 20% to $190 million compared to the same period last year.
In Europe, the Middle East and Africa, sales totaled $1.07 billion in Q1 2025, a 2% increase compared to the same period in 2024. Operating cash flow was $117 million , representing a 40% increase compared to the first quarter of 2024.
Meanwhile, in Central, South America and the Caribbean , Cemex reported sales of $314 million in the aforementioned period, an increase of 2% compared to the same period in 2024. In that region, its operating cash flow was $61 million , a decrease of 3% compared to the first quarter of last year.
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