Pacasmayo Q2 2026: EBITDA Jumps 34% on Strong Cement Demand, Net Income Up 62%

summarizeSummary

Cementos Pacasmayo reported Q2 2026 results with EBITDA up 34% and net income up 62% on strong cement demand and improved concrete margins, reinforcing its operational strength amid Holcim's tender offer.

check_boxKey Events · Earnings and Guidance · CPAC

• Q2 EBITDA Surges 34%

  Consolidated EBITDA reached S/174.8 million in Q2 2026, a 34.3% increase year-over-year, driven by a 15.5% rise in cement, concrete and precast shipments.

• Net Income Up 62%

  Net income jumped 61.5% to S/77.2 million, reflecting higher operating profit and lower financial expenses as debt levels decreased.

• Concrete Margins Rebound

  Concrete, pavement and mortar gross margin swung from -1.9% to +16.0% as the company shifted from low-margin airport work to high-margin mining projects like Yanacocha.

• Strong Balance Sheet

  Cash stood at S/199.5 million (US$58.6 million) as of June 30, 2026, with net debt/EBITDA at 2.3x, providing financial flexibility.

auto_awesomeAnalysis · CPAC · Manufacturing

Cementos Pacasmayo delivered standout Q2 2026 results, with EBITDA surging 34.3% to S/174.8 million and net income up 61.5% to S/77.2 million, driven by a 15.5% jump in cement, concrete and precast volumes. Self-construction demand remains robust, and concrete profitability rebounded sharply as the company shifted to higher-margin projects like Yanacocha. Margins expanded across the board — consolidated EBITDA margin hit 31.3%, up 4.4 percentage points. The balance sheet is solid: cash of S/199.5 million and net debt/EBITDA of 2.3x provide ample liquidity. This earnings beat comes against the backdrop of Holcim's ongoing tender offer to acquire all remaining shares, making the strong operational performance a key data point for minority shareholders evaluating the offer.