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Mar 31, 2025
Ternium Q1 2025 Earnings Report
Ternium reported a sequential increase in adjusted EBITDA driven by improved margins and steel and iron ore shipments for the first quarter ended March 31, 2025.
Key Takeaways
Ternium announced its first quarter 2025 results, showing a sequential increase in adjusted EBITDA due to improved margins and higher steel and iron ore shipments. The company's net income was $142 million, and adjusted net income was $188 million, excluding a litigation-related provision. Capital expenditures were significant, primarily for the Pesquería industrial center expansion.
Adjusted EBITDA increased sequentially by 19% to $322 million, driven by improved margins and higher shipments.
Net income for the quarter was $142 million, with adjusted net income reaching $188 million after excluding a litigation provision.
Steel product shipments increased by 2% sequentially to 3.9 million tons, while mining product shipments rose by 4% to 1.8 million tons.
Capital expenditures totaled $518 million, mainly for the ongoing expansion at the Pesquería industrial center in Mexico.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Ternium expects a sequential increase in adjusted EBITDA in the second quarter of 2025, driven by higher realized steel prices and slightly lower cost per ton, with relatively stable steel shipments.
Positive Outlook
- Expected sequential increase in adjusted EBITDA in Q2 2025.
- Anticipated higher realized steel prices.
- Slightly lower cost per ton expected.
- Relatively stable steel shipments projected.
- Sequential increase in shipments in Argentina due to macroeconomic improvements.
Challenges Ahead
- Volumes in Mexico are expected to remain subdued due to unresolved tariff issues.
- Unresolved unfair trade practices in the Brazilian steel market.
- Notable year-over-year increases in imports in Brazil during Q1 2025.
- Total cost of Pesquería expansion plan increased to $4.0 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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