Cementos Pacasmayo (CPAC) Q2 2025 earnings summary

Executive summary

• Sales volume grew 7.1% year-over-year in 2Q25, driven by strong demand for cement and concrete, especially in infrastructure projects.

• Revenues increased 5.9% in 2Q25, reflecting volume growth and disciplined execution.

• Recognized for talent management, ranking as the top cement company in Peru and in the American Talent Index for seven consecutive years.

• Leading Peruvian cement company with 67 years of history, operating efficient facilities with 4.9 million MT/year capacity.

• Developed one of the largest construction product distribution networks in Peru, with 294 stores and 310 DINO points of sale.

Financial highlights

• 2Q25 revenues reached S/484.1 million, up 5.9% year-over-year; 6M25 revenues were S/983.3 million, up 5.3%.

• 2Q25 EBITDA was S/130.2 million, a 9.0% increase year-over-year; 6M25 EBITDA was S/264.9 million, up 5.0%.

• Net income surged 29.9% in 2Q25 and 16.5% in 6M25, supported by higher operating income and lower interest payments.

• Gross margin improved to 37.1% in 2Q25 (+1.7pp YoY); EBITDA margin at 26.9% (+0.8pp YoY).

• Cash and short-term deposits declined to S/54.8 million in 2Q25 from S/172.3 million in 2Q24.

Outlook and guidance

• Management expects continued high single-digit volume growth in the second half, contingent on infrastructure project timelines.

• EBITDA margin projected to remain between 28% and 29% for the remainder of the year.

• Peru's GDP projected to grow 3.1% in 2025, with strong public investment and infrastructure activity.

• Ongoing focus on sustainable development and resilient infrastructure.

• Dividend policy expected to remain stable or potentially increase, with no major growth CapEx planned.