Grupo Simec net profit rises to MXN 2.32 billion in 1H FY26; net sales increase 9% to MXN 16.19 billion

Reuters2026/07/28 17:53

By:Reuters

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Grupo Simec posted 2Q 2026 net profit of MXN 610.48 million, swinging from a net loss of MXN 1.00 billion a year earlier.
Net sales rose 16% to MXN 8.15 billion from 2Q 2025, driven by a 21% increase in shipped steel volumes to 516,000 tons.
Operating profit climbed 8% to MXN 1.30 billion, while cost of sales rose 14% to MXN 6.12 billion.
For 1H 2026, net profit attributable to shareholders was MXN 2.32 billion, more than doubled from the prior-year period.
Management said it ended June with about USD 1.59 billion in cash, while continuing plant expansion projects in Mexico and Brazil.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grupo Simec SAB de CV published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Grupo Simec net profit rises to MXN 2.32 billion in 1H FY26; net sales increase 9% to MXN 16.19 billion

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