Pacasmayo 3Q26: EBITDA Up 45.1% to S/233.1M, Net Income Up 69.8%

summarizeSummary

Pacasmayo's 3Q26 revenue rose 16.3% to S/667.4 million and EBITDA jumped 45.1% to S/233.1 million on higher volumes and lower energy costs, with net income up 69.8%. The strong quarter lands while Holcim's S/8.93-per-share tender for the minority stake is open.

check_boxKey Events · Earnings and Guidance · CPAC

• 3Q26 EBITDA Jumps 45.1%

  Consolidated EBITDA reached S/233.1 million on revenue of S/667.4 million (+16.3%), lifting the EBITDA margin 7.0 points to 34.9%.

• Net Income Up 69.8%

  Net income was S/121.4 million versus S/71.5 million a year earlier; 9M26 net income reached S/280.6 million (+63.1%).

• Volumes and Cement Pricing Drive Growth

  Cement, concrete and precast shipments rose 14.2% to 929.8 thousand MT; cement sales alone rose 21.3% to S/571.6 million on higher volume and average price.

• Cost Relief From Energy Contract

  Lower electricity rates under a new long-term energy contract and a lower clinker factor cut production costs; concrete margins swung from -1.2% to 19.8% after the Piura airport project wound down.

auto_awesomeAnalysis · CPAC · Manufacturing

Pacasmayo turned in a sharply stronger quarter than a year ago. Volumes rose 14.2%, revenue climbed 16.3% to S/667.4 million, and EBITDA jumped 45.1% to S/233.1 million, helped by a new long-term energy contract that cut electricity costs and the roll-off of low-margin Piura airport work. Net income of S/121.4 million was up 69.8%, and the EBITDA margin expanded 7.0 points to 34.9%. The balance sheet looks comfortable, with S/387.7 million of cash against S/1,337 million of debt and Net Debt/EBITDA at 2.0x. Why it matters now: Holcim's Inversiones Aspi tender for the 49.99% it does not own is live at S/8.93 per share. Strong operating results support the case that the offer undervalues the business, though the price is fixed by the SMV-approved valuation and the outcome rests with acceptances, not earnings.