Cemex report Q2 financial results
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
- Project Cutting Edge 2025 expected EBITDA savings raised to US$200 million.
- Net income increasing by 38% vs. last year.
- Resilient EBITDA margin in second quarter at 20%, despite volume dynamics.
- 2025 EBITDA guidance for flat performance with potential upside.
- EMEA region delivered strongest first-half EBITDA in recent history.
Cemex announce its results for the second quarter of 2025, reporting strong net income growth and rapid execution of its transformation strategy. Cemex raised its 2025 EBITDA savings target under Project Cutting Edge to US$200 million, up from US$150 million previously, reflecting faster progress in organisational streamlining and cost reduction. Cemex now expects to reach a run rate of US$400 million in savings by 2027. Included in these estimates are approximately US$200 million dollars of corporate headcount reduction, on an annualised basis.
Net income reached US$318 million for the quarter, with net sales of US$4.1 billion and EBITDA of US$823 million. Consolidated EBITDA margin remained resilient at 20%, with relatively stable to improved performance in three of Cemex’s four regions, supported mainly by higher pricing and lower costs. EMEA region posted its highest first-half EBITDA in recent history, driven by continued recovery, margin expansion, and favourable pricing trend.
“As we began the implementation of our strategic framework, we moved quickly in the second quarter to transform our corporate structure introducing a new operating model to streamline overhead, foster agility and empower our regional teams to drive results,” said Jaime Muguiro, CEO of Cemex. “This process entailed difficult decisions, but necessary ones to support the company's long-term growth and competitiveness. I am confident that this transformation will help us advance towards our goals of achieving operational excellence and sustainable best-in-class shareholder return.”
In Mexico, results for the quarter continued to be challenged by the difficult prior year comparison driven by pre-election social and infrastructure spending and FX level, as well as the first year of a new administration. Cemex expects volumes to improve in the second half of 2025 as the difficult prior-year comparison base is lapped, and the current government accelerates its infrastructure and social housing plans.
Cemex provided full-year EBITDA guidance for flat performance vs. 2024 with potential upside. Cemex expects free cash flow to accelerate in the second half, supported by improved profitability and seasonal recovery of working capital investment.
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Read the article online at: https://www.worldcement.com/europe-cis/24072025/cemex-report-q2-financial-results/
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