CPAC · Cementos Pacasmayo S.A.A.

Cementos Pacasmayo delivered a strong second quarter with revenue of S/558.9 million, up 15.4% year-over-year, driven by a 15.5% increase in sales volume of cement, concrete, and precast. The growth was fueled by robust demand for bagged cement from the self-construction segment. Gross profit rose 23.0% to S/221.1 million, with gross margin expanding 2.5 percentage points to 39.6%, benefiting from operational efficiencies in concrete production and a favorable product mix shift toward higher-margin specialized projects, such as prefabricated foundations for the Yanacocha mining project. Operating profit surged 50.4% to S/136.4 million, and consolidated EBITDA increased 34.3% to S/174.8 million, with EBITDA margin improving 4.4 points to 31.3%. Net income jumped 61.5% to S/77.2 million, supported by higher operating income and lower financial expenses as debt levels continued to decline. Management highlighted the successful verification of the company’s 2025 carbon footprint and a tax benefit for technological innovation from CONCYTEC. The company’s strategic focus on sustainability, innovation, and talent development, combined with its integration into the Holcim Group, positions it well for continued growth. On the balance sheet, cash stood at S/199.5 million and total debt at S/1,372.6 million, resulting in a net debt/EBITDA ratio of 2.3x. Capital expenditures for the first half totaled S/29.3 million, primarily allocated to plant maintenance and new equipment.