Research Reports

Key takeaways

Shareholders approved consolidated financial statements and unconsolidated accounts for year ended December 31, 2025.

Annual dividend of $2.20 per ADS ($0.22 per share) approved, including $0.90 interim paid November 2025; net $1.30 per ADS payable May 15, 2026 to record date May 14, 2026.

Board size maintained at eight directors; all eight existing directors re-elected until 2026 accounts meeting.

PricewaterhouseCoopers Assurance appointed as independent auditors for fiscal year ending December 31, 2026.

Paolo Rocca re-appointed board chairman, Daniel Agustín Novegil vice-chairman, Máximo Vedoya CEO.

Audit committee re-appointed with Vincent Robert Gilles Decalf as chair; all members independent.

Full analysis

Ternium's annual general meeting approval of all resolutions signals strong shareholder alignment with management proposals. The ratification of 2025 financials provides formal validation of reported results. The $2.20 per ADS dividend, with $1.30 net payable shortly after the meeting, delivers immediate shareholder value following the interim payout. Board continuity with full re-election of the eight directors ensures leadership stability through 2026. Auditor re-appointment maintains audit independence. Post-meeting board actions reaffirm Paolo Rocca's chairmanship, Daniel Agustín Novegil's vice-chairmanship, and Máximo Vedoya's CEO role, while the independent audit committee composition supports governance standards.

TX · Ternium S.A.

Summary

Key takeaways

Full analysis