Grupo Simec, S.A.B. de C.V. filed a Form 6-K with the SEC on October 29, 2026, reporting its results of operations for the nine-month period ended September 30, 2026, as announced in a press release dated October 28, 2026.

Key Highlights

  • Net sales rose 10%: Sales increased from Ps. 22,320 million in the first nine months of 2025 to Ps. 24,569 million in the same period of 2026, according to the filing.
  • Shipments increased 14%: Finished steel product shipments reached 1 million 597 thousand tons in the first nine months of 2026, up from 1 million 400 thousand tons in the same period of 2025.
  • Net income surged 428%: The company reported net income of Ps. 4,028 million for the first nine months of 2026, compared with Ps. 763 million in the same period of 2025.
  • EBITDA grew 3%: EBITDA increased from Ps. 4,594 million in the nine-month period ended September 30, 2025, to Ps. 4,724 million in the same period of 2026.
  • Operating income nearly flat: Operating income rose from Ps. 3,784 million in the first nine months of 2025 to Ps. 3,800 million in the same period of 2026, with operating profit margin declining from 17% to 15%.
  • Comprehensive financial swing: The company recorded comprehensive financial income of Ps. 923 million in the first nine months of 2026, versus a net expense of Ps. 2,229 million in the same period of 2025.

Grupo Simec's First Nine Months of 2026: Sales Volume Gains, Exchange Rate Shift Drive Results

According to the Form 6-K filed by Grupo Simec (NYSE:SIM) for the month of October 2026, net sales for the nine-month period ended September 30, 2026, reached Ps. 24,569 million, a 10% increase over the Ps. 22,320 million recorded in the same period of 2025. The company disclosed that the gain reflected a 14% increase in shipments of finished steel products, partially offset by a 4% lower average sales price. Sales outside Mexico grew 9% to Ps. 10,588 million, while sales within Mexico rose 11% to Ps. 13,981 million.

Cost of sales increased 10% to Ps. 18,636 million from Ps. 16,893 million, and cost of sales as a percentage of net sales held at 76% in both periods, according to the filing. Gross profit rose to Ps. 5,933 million from Ps. 5,427 million, representing 24% of net sales in both periods. Selling, general and administrative expenses increased 9% to Ps. 2,219 million but remained at 9% of net sales, the filing stated.

The company disclosed that net income increased 428%, from Ps. 763 million in the first nine months of 2025 to Ps. 4,028 million in the same period of 2026. The filing attributed this change primarily to a reversal in exchange results: a net exchange loss of Ps. 3,050 million in the first nine months of 2025 became a net exchange profit of Ps. 280 million in the same period of 2026. For the third quarter of 2026 compared with the second quarter, net sales increased from Ps. 8,154 million to Ps. 8,383 million, while EBITDA declined from Ps. 1,600 million to Ps. 1,370 million. The company's consolidated debt as of September 30, 2026, consisted of U.S. $302,000 of 8 7/8% medium-term notes due 1998, with accrued interest of U.S. $891 thousand dollars, or Ps. 16.1 million.

What Was Disclosed

Grupo Simec filed a Form 6-K reporting nine-month and third-quarter 2026 operating results, including net sales, gross profit, operating income, EBITDA, net income, comprehensive financial results, and debt position as of September 30, 2026.