- Consolidated EBITDA growing at double-digit rate, with all regions contributing.
- EBITDA margin expanding by 2.5pp, highest third-quarter level since 2020.
- Transformation under Project Cutting Edge delivering US$90 million in EBITDA savings in 3Q25.
- Net income, adjusted for discontinued operations increasing by 8% in 3Q25.
Cemex announce its results for the third quarter of 2025, reporting strong EBITDA growth and continued progress in its transformation strategy. Net sales increased by 5% while consolidated EBITDA grew at a double-digit rate, supported by operational efficiencies and higher consolidated prices.
EBITDA margin expanded by 2.5 percentage points year-over-year, reaching its highest third-quarter level since 2020. The USand EMEA achieved record third-quarter margins, while Mexico and the South, Central America, and the Caribbean region posted multi-year EBITDA margin highs.
Cemex made significant headway in the rollout of Project Cutting Edge, capturing approximately US$90 million in EBITDA savings in the third quarter and expects to meet its full year goal of US$200 million in 2025.
“Six months ago, we set out to make Cemex a best-in-class operator and deliver superior shareholder returns,” said Jaime Muguiro, CEO of Cemex. “Our achievements in the quarter confirm that we are setting a strong foundation to position Cemex as a more focused, agile and high-performing company.”
Free cash flow from operations improved on higher EBITDA, lower interest expense, and reduced cash taxes. Free cash flow from Operations conversion rate reached 61% in the quarter.
Cemex also advanced on its portfolio rebalancing strategy by completing the divestment of its operations in Panama and acquiring a majority stake in Couch Aggregates, a leading aggregates producer in the southeastern United States, strengthening its position in a key growth market.
Cemex’s operations in Europe remain at the forefront of its decarbonisation efforts, already ahead of the European Cement Association’s 2030 CO2 emissions target, on a per ton of cement equivalent basis, reflecting Cemex's climate action leadership.
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