Cemex shares rise on the stock market after its quarterly report.

Cementos Mexicanos (Cemex) shares rose Thursday after reporting its second-quarter 2025 results to the Mexican Stock Exchange (BMV).

Experts believe the cement company's results were in line with market expectations, with sales slightly below estimates but operating cash flow (EBITDA) slightly higher than expected.

The issuer's shares rose 3.66% to 15.29 pesos, marking their highest close since September 7, 2021, when they reached 15.31 pesos.

Regarding market value, Cemex saw an increase of 7,425.91 million pesos, bringing the total to 230,961 million pesos.

Regarding its second quarterly report for 2025, Cemex reported that its sales fell 5.3% year-over-year, from $4.357 billion to $4.126 billion, affected by weakness in key sectors and rainfall that impacted volumes in cement, concrete, and aggregates.

Another factor that negatively affected sales was the dynamics of prices due to the depreciation of currencies against the dollar.

Cemex stated that this performance is largely explained by a difficult comparable base, due to the record EBITDA performance in Q2 2024, as well as volume dynamics, partially offset by cost efficiencies.

Net income from the controlling interest was $318 million, up from $230 million, representing a 38% increase compared to Q2 2024. EBITDA decreased 11% to $823 million.

US and Mexico, weak

Experts emphasized that the Europe, Middle East, and Africa region performed well, while Mexico and the United States remained the weakest markets. "The exchange rate effect drove net profit above our estimate."

They added that Cemex adjusted its 2025 guidance from "stable" to "stable with upside potential" EBITDA, despite the challenging environment and downward revisions to volumes. It notes that it will expand its "Cutting Edge" project to $400 million to bolster its savings.

GBM Research analysts highlighted that Cemex posted negative results in the second quarter, although in line with market expectations.

On a positive note, they detailed that the company raised its savings target for 2025 to $200 million (up from $150 million previously) as part of its cost and expense reduction strategy. "This progress reinforces a more constructive view of its EBITDA outlook, which remains stable, although with room for improvement."