Ferreycorp (FERREYC1) Q3 2025 earnings summary

Executive summary

• Sales increased 7% year-over-year to S/ 5,853 million for YTD 2025, with a 4% rise in gross margin to 21.5%.

• Sales grew 13.3% in dollars and 6.6% in soles year-over-year, driven by spare parts, services, and Caterpillar machinery for mining and other sectors.

• Net income for YTD 2025 reached S/ 350 million, slightly down from S/ 389 million in YTD 2024.

• Net profit for Q3 2025 fell 30.5% year-over-year to S/113 million, with adjusted net profit down 13%.

• The Board approved an advance dividend payment of S/ 100 million for fiscal year 2025.

Financial highlights

• Operating profit declined 24% year-over-year to S/ 496 million for YTD 2025.

• Q3 2025 net sales: US$574 million (S/2,039 million), up from US$507 million (S/1,912 million) in Q3 2024.

• EBITDA for YTD 2025 was S/ 723 million, down 15% from the previous year.

• Gross profit dropped 12.5% to S/439 million; gross margin fell to 21.5% from 26.2%.

• Adjusted EBITDA margin decreased to 13.7% for YTD 2025.

Outlook and guidance

• Peru's GDP is projected to grow 3.1% in 2025, with mining and construction GDP expected to rise 5.1%.

• Public and private investment are forecasted to increase by 4.0% and 6.7% respectively in 2025.

• The company continues to focus on after-sales support and customer productivity, with a strong presence in mining and construction sectors.