• 2025 full-year EBITDA guidance confirmed.
• Operational excellence, streamlined corporate transformation and disciplined capital allocation as key priorities to drive shareholder return.
Monterrey, Mexico. April 28, 2025 - Cemex reported its first-quarter results today as new CEO Jaime Muguiro outlined his vision for the company to the financial community for the first time. As he ushers the company into an era of sustainable and profitable growth, Muguiro's focus lies on achieving operational excellence, increasing free cash flow and enhancing shareholder returns. The company's growth strategy remains focused on accretive small to mid-size acquisitions in the U.S., with full commitment to disciplined capital allocation.
For the quarter, Cemex achieved a record Net Income of US$734 million. Net Sales stood at US$3,649 million, driven by higher consolidated prices, partially offsetting the effect from lower volumes in Mexico. EBITDA reached US$601 million, in line with expectations underlying full year 2025 EBITDA guidance, which remained unchanged.
Free cash flow from operations reflected typical seasonal working capital trends in the quarter. EBITDA Margin was supported by stronger pricing and reduced energy and freight costs, which helped offset lower volumes and weather-related maintenance activity.
"I am committed to providing the highest possible returns to our shareholders by being the best partner to our customers, having a laser-like focus on operational efficiency, and following a disciplined capital allocation strategy," said Jaime Muguiro. "I am confident we have the right management team to accomplish this."
Under Muguiro's leadership, Cemex intends to use its previously announced "Project Cutting Edge" cost savings initiative, as the foundation to drive a streamlined organizational transformation, to simplify and empower regional operations and deliver profitable growth. Cemex is targeting recurrent yearly EBITDA savings of at least $150 million in 2025 and US$350 million by 2027.
About Cemex
Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com
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