Grupo Simec nine-month net income jumps 428% to Ps. 4.03 billion
Guadalajara – October 29, 2026 -- Grupo Simec (NYSE: SIM; BMV: SIMEC-B) lifted nine-month net income 428% to Ps. 4,028 million from Ps. 763 million a year earlier, driven by a swing in exchange results rather than operations. Operating income was almost flat at Ps. 3,800 million, and third-quarter gross margin narrowed to 21%.
Shipments rise 14% while average prices slip 4%
Net sales for the nine months ended September 30, 2026 grew 10% to Ps. 24,569 million from Ps. 22,320 million. Shipments of finished steel products reached 1.597 million tons, up from 1.400 million tons. Sales in Mexico rose 11% to Ps. 13,981 million, while sales outside Mexico gained 9% to Ps. 10,588 million.