Q3 2025 Unacemcorp SAA Earnings Call Transcript
Key Points
- Cement volumes in Peru grew by 3.2% during the quarter, supported by strong local government infrastructure projects.
- The energy business saw a positive upgrade with increased capacity and efficiency at the Termochilca plant, making it the top-ranked plant in its category.
- Ecuador's cement and ready-mix volumes showed growth, with ready-mix volumes increasing by 46.2% year-to-date.
- The Chilean market showed significant improvements, particularly in the ready-mix sector, which increased by 38.3% during the quarter.
- Financial expenses decreased by 14.1% in the third quarter due to lower debt and more favorable cost of debt.
- Consolidated EBITDA decreased by 2.1% compared to the third quarter of 2024, primarily due to lower operating margins and foreign exchange impacts.
- US operations faced challenges with a weak labor market and high mortgage rates, leading to a slowdown in cement demand.
- Ready-mix margins in North America were negatively impacted by higher aggregate costs and volume mix.
- Gross margin for the third quarter was lower at 25%, compared to 25.9% in the third quarter of 2024.
- Administrative expenses increased by 6.7% due to nonrecurring personnel expenses and ongoing projects across business units.
Greetings, and welcome to the Grupo UNACEM third-quarter 2025 results conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Monica Paucar, investor Relations Manager. Thank you, Monica. You may begin.
Thank you, Rob. Good morning, everyone, and welcome to our earnings conference call. This morning, our CEO, Pedro Lerner, will discuss the latest developments that affected our operations during the third quarter of the year. Later, Alicia Campos, UNACEM's Corporate Chief Strategy Officer, will present the third-quarter and year-to-date financials in detail.
Please note that we may disclose some forward-looking statements related to Grupo UNACEM based on currently known facts, expectations, and forecasts, circumstances and assumptions regarding future events. Many factors could cause the future results, performance, or achievements of Grupo UNACEM to be different from those expressed or assumed herein. So this
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