Q4 2025 Cemex SAB de CV Earnings Call Transcript
Key Points
- Cemex SAB de CV (CX) achieved its 2025 EBITDA recurring savings target of $200 million, leading to improved margins in all markets.
- Free cash flow from operations reached $1.4 billion in 2025, with a 46% conversion rate, highlighting strong cash generation.
- The company made significant progress in decarbonization, with a 2% decline in consolidated gross CO2 emissions in 2025.
- Cemex SAB de CV (CX) plans to propose an annual cash dividend close to 40% higher than the previous year, along with a $500 million share buyback program.
- The company reported double-digit growth in fourth-quarter sales and EBITDA, supported by Project Cutting Edge savings and recovery in Mexico.
- Cemex SAB de CV (CX) faced challenges in the first half of 2025 due to headwinds in Mexico and soft demand conditions in the US.
- The company recognized $538 million in goodwill impairment and asset write-downs in 2025, impacting net income.
- Despite ongoing cost inflation, Cemex SAB de CV (CX) had to reduce its total cost base by close to $100 million.
- The company experienced a slight decline in full-year margin due to disruptions from difficult weather conditions in the first half.
- Cemex SAB de CV (CX) anticipates potential FX fluctuations affecting its 2026 EBITDA guidance due to its exposure to the Mexican peso.
Hello, good morning and welcome everyone to the Cemex 4th quarter 2025 conference call and webcast.
My name is Becky and I will be your operator for today.
At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session.
If at any time you require operator assistance, please press followed by 0 and we'll be happy to assist you.
And now, I will turn the conference over to Lucy Rodriguez, Chief Communications Officer. Please proceed.
Good morning and thank you for joining us for our 4th quarter 2025 conference call and webcast. We hope this call finds you well.
I am joined today by Jaime Muguero, our CEO, and by Maher Alhaffar, our CFO. We will start our call with a review of our 4th quarter and full year results, followed by an update on the progress made so far on our strategic plan, as well as our expectations and guidance for 2026. And then
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