Cementos Pacasmayo S.A.A. Announces Consolidated Results for Fourth Quarter 2025
MWN-AI** Summary
Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1), a leading cement company in Peru, announced its consolidated results for the fourth quarter (4Q25) and the full year 2025, in alignment with International Financial Reporting Standards (IFRS). Key highlights from 4Q25 reveal a substantial performance, with sales volumes of cement, concrete, and precast materials rising by 8.2%, largely driven by increased bagged cement sales and numerous infrastructure projects. Consequently, the company's revenues grew by 6.2% compared to the previous year.
Despite transaction-related expenses, consolidated EBITDA rose to S/ 158.7 million, marking an 11.4% increase. However, when these expenses were factored in, consolidated EBITDA decreased to S/ 81.1 million, resulting in an EBITDA margin of 14.5%. Notably, net income, excluding transaction-related expenses, surged by 19.6% to S/ 59.8 million, while including these expenses resulted in a net loss of S/ 17.8 million.
An important development reported was Holcim’s agreement to acquire Inversiones Aspi S.A., which holds a 50.01% stake in Cementos Pacasmayo for S/ 5,100 million. This acquisition is pending regulatory approval and is anticipated to finalize in the first half of 2026.
For the full year 2025, the trends observed in 4Q25 mirrored those of the earlier quarters, with consistent growth in sales volume and revenue, again highlighting the cement demand fueled by the burgeoning Peruvian construction sector.
Cementos Pacasmayo is set to host a conference call on February 13, 2026, to discuss these results in further detail, inviting stakeholders and investors to engage directly with the company's leadership.
MWN-AI** Analysis
Cementos Pacasmayo S.A.A. (NYSE: CPAC) recently announced its consolidated results for the fourth quarter and full year of 2025, delivering a mix of insights that potential investors must weigh carefully. The company reported a solid increase in sales volume, driven primarily by robust demand for bagged cement and infrastructure projects, which surged by 8.2% compared to the previous year. This boosted revenue by 6.2%, suggesting positive industry conditions and growing market presence in Peru's thriving construction segment.
However, investors should note some headwinds, particularly regarding the company's profitability metrics. While consolidated EBITDA rose by 11.4%, excluding transaction-related costs, it fell to S/81.1 million when these were accounted for, indicating underlying challenges that might affect future profitability. The EBITDA margin also reflects this volatility; at 28.4% excluding transaction expenses, it was a commendable performance, yet the 14.5% margin including these costs reveals significant pressure on the company's financial structure.
Perhaps the most notable event impacting future performance is the impending acquisition of a controlling stake by Holcim, valued at S/5,100 million. This could offer a strategic realignment and theoretically enhance operational efficiencies under a globally recognized brand. However, regulatory hurdles remain, and the deal's eventual impact on overall operations is yet to be fully realized.
Given these mixed signals, investors should approach Cementos Pacasmayo with caution. The growth opportunities stemming from an expanding construction industry are valid, yet overshadowed by immediate profitability concerns and the complexities of the impending acquisition. It may be prudent to monitor the regulatory processes surrounding Holcim’s acquisition and the company’s subsequent operational strategies before making any significant investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Pacasmayo”) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the fourth quarter (“4Q25”) and for the year (“2025”) ended December 31, 2025. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in Soles (S/).
4Q25 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 4Q24, unless otherwise stated)
- On December 16, the Company announced that the Swiss company Holcim, had signed an agreement to purchase Inversiones Aspi S.A. of the Hochschild Group, which controls 50.01% of Cementos Pacasmayo S.A.A. The valuation of S/ 5,100 MM has been made at a multiple of nine times EBITDA based on the twelve-month period ending in September 2025. The transaction is subject to regulatory approval and we estimate that it will take place in the first half of 2026.
- Sales volume of cement, concrete and precast increased by 8.2%, mainly due to higher sales of bagged cement, as well as for some infrastructure related projects.
- Revenues increased by 6.2%, in line with the increased sales volume mentioned above.
- Consolidated EBITDA, without the transaction-related expenses, was S/ 158.7 million, an 11.4% increase. Including these expenses, consolidated EBITDA decreased to S/81.1 million.
- Consolidated EBITDA margin, without the transaction-related expenses, was 28.4%; 1.3 percentage points higher than the previous year. Including these expenses, consolidated EBITDA margin was 14.5%.
- Net income, excluding the transaction-related expenses, was S/ 59.8 million, a 19.6% increase. Including these expenses, net income turned to a net loss of S/ 17.8 million.
2025 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 2024, unless otherwise stated)
- On December 16, the Company announced that the Swiss company Holcim, had signed an agreement to purchase Inversiones Aspi S.A. of the Hochschild Group, which controls 50.01% of Cementos Pacasmayo S.A.A. The valuation of S/ 5,100 MM has been made at a multiple of nine times EBITDA based on the twelve-month period ending in September 2025. The transaction is subject to regulatory approval and we estimate that it will take place in the first half of 2026.
- Sales volume of cement, concrete and precast increased by 8.2%, mainly due to higher sales of bagged cement, as well as for some infrastructure related projects.
- Revenues increased by 6.2%, in line with the increased sales volume mentioned above.
- Consolidated EBITDA, without the transaction-related expenses, was S/ 158.7 million, an 11.4% increase. Including these expenses, consolidated EBITDA decreased to S/81.1 million.
- Consolidated EBITDA margin, without the transaction-related expenses, was 28.4%; 1.3 percentage points higher than the previous year. Including these expenses, consolidated EBITDA margin was 14.5%.
- Net income, excluding the transaction-related expenses, was S/ 59.8 million, a 19.6% increase. Including these expenses, net income turned to a net loss of S/ 17.8 million.
For a full version of Cementos Pacasmayo’s Fourth Quarter 2025 Earnings Release, please visit https://www.cementospacasmayo.com.pe/inversionistas/reportes
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call on Friday, February 13, 2026, to discuss these results at 9:30 a.m. Lima Time/Eastern Time.
To access the call, please dial:
+1 (718) 866-4614 from within the U.S.
Access code: 505256
There will also be a live Audio Webcast of the event at:
https://mm.closir.com/slides?id=505256
You can also find additional dial-in numbers depending on your current location in the above link.
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a cement company, located in the Northern region of Peru. In February 2012, the Company’s shares were listed on The New York Stock Exchange - Euronext under the ticker symbol "CPAC". With almost 70 years of operating history, the Company produces, distributes and sells cement and cement-related materials, such as ready-mix concrete and precast materials. Pacasmayo’s products are primarily used in construction, which has been one of the fastest-growing segments of the Peruvian economy in recent years. The Company also produces and sells quicklime for use in mining operations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212721403/en/
Cementos Pacasmayo S.A.A.
In Lima, Peru:
Ely Hayashi, CFO
Claudia Bustamante
Sustainability and IR Managing Director
+51-958699760
cbustamante@cpsaa.com.pe
FAQ**
How might the acquisition of Inversiones Aspi S.A. by Holcim impact the future growth and strategic direction of Cementos Pacasmayo S.A.A. American Depositary Shares CPAC, particularly in the Peruvian construction market?
Given the recent increase in sales volume and net income of Cementos Pacasmayo S.A.A. American Depositary Shares CPAC, what are the Company's projections for maintaining this growth trajectory in 2026?
Can you elaborate on the factors that led to the decline in consolidated EBITDA when transaction-related expenses are included for Cementos Pacasmayo S.A.A. American Depositary Shares CPAC, and how the Company plans to mitigate these in the future?
What specific regulatory hurdles does Cementos Pacasmayo S.A.A. American Depositary Shares CPAC anticipate in the Holcim acquisition process, and what strategies are in place to manage potential delays or challenges?
**MWN-AI FAQ is based on asking OpenAI questions about Cementos Pacasmayo S.A.A. American Depositary Shares (NYSE: CPAC).
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