Grupo UNACEM’s net income grew 65.5% in the second quarter, reaching S/175.4 million

• Consolidated revenue for the second quarter reached PEN 1,930.5 million, representing a 10.6% increase compared to the same period in 2025.
• Consolidated EBITDA reached PEN 468.1 million (+19.7%), driven by higher volumes across its cement and energy operations.

Grupo UNACEM, a Peru-based industrial group with a diversified portfolio in cement, ready-mix, and energy, delivered strong financial performance in the second quarter of 2026, posting net income of PEN 175.4 million, a 65.5% increase from the PEN 106 million reported in 2Q25. Consolidated revenue for the period rose to PEN 1,930.5 million, 10.6% higher than in the same quarter of the previous year.

This performance was supported by broad-based growth across the Group’s operations in the region. In Peru, results were driven by the strong performance of its power generation business, a higher share of bagged cement in the sales mix, and solid performance in the precast concrete business. Internationally, operations in the U.S., Chile, and Ecuador benefited from higher sales volumes and operational efficiencies.

“We are completing the first phase of our strategic plan as Grupo UNACEM and defining the priorities for the next stage, with the aim of maximizing value and building on the progress achieved. Since establishing our new corporate structure in 2022, we have worked to standardize our operations and generate synergies across our different business units,” said Pedro Lerner, CEO of Grupo UNACEM.

The Group continues to deliver solid growth across the countries where it operates. In Peru, UNACEM Peru reported revenue of PEN 827.6 million (+22.2%), supported by higher average cement prices and the centralization of ready-mix commercial management within this business unit. Meanwhile, the energy business, Celepsa, reported total revenue of PEN 266.3 million (+36.3%) and EBITDA of PEN 91.7 million (+48.9%), following higher hydroelectric (+29.1%) and thermal (+194.4%) power generation volumes, driven by the addition of a mining customer at the beginning of the year.

In the U.S., total revenue reached USD 123.4 million, 21.1% higher than in the second quarter of 2025, while EBITDA reached USD 10.7 million. The result was driven by higher shipments of cementitious materials (+11.8%), ready-mix (+27.0%), and aggregates (+55.6%), which enabled better utilization of installed capacity and greater fixed-cost absorption.

Operations in Chile continued to gain momentum. UNACEM Chile recorded a 63.6% increase in cement shipments, reaching 216 thousand metric tons, supported by the installed capacity of the Puente Alto plant. Total revenue reached CLP 22,767.6 million (+49.7%). At UNICON Chile, ready-mix shipments reached 292 thousand m³ (+5.8%), while higher prices supported revenue of CLP 30,422.5 million.

Finally, operations in Ecuador closed the quarter with an 18.1% increase in revenue, reaching USD 52.8 million, including the ready-mix operation, supported by higher average cement prices. The cement business recorded shipments of 347 thousand metric tons (+14.9%). Quarterly EBITDA reached USD 11.2 million, up 19.1% compared to the same period of the previous year, supported by higher sales volumes and greater fixed-cost dilution, which offset higher energy costs.

Consolidated EBITDA for 2Q26 reached PEN 468.1 million, representing a 19.7% increase compared to the second quarter of 2025. This growth reflected higher margins during the quarter, supported by increased volumes across the cement and energy operations, which enabled the Group to capture economies of scale. In addition, in the U.S., the completion of scheduled maintenance at the cement plants during the first quarter of 2026, together with higher cement, ready-mix, and aggregate volumes, supported the recovery of margins in the segment.

“The quarter’s strong performance was broad-based across most of our operations. The completion of annual maintenance at our U.S. cement plants allowed us to recover margins, while Celepsa benefited from the addition of new customers. This was complemented by stronger results in Chile, supported by improved market momentum and the additional capacity at Puente Alto, and in Ecuador, driven by higher volumes and prices,” explained Álvaro Morales, CFO of Grupo UNACEM.

During the period, the Group also allocated PEN 353.1 million in consolidated CAPEX, mainly to the new lime plant (CALCEM), the new primary crusher, and modifications to Mill 1 at the Atocongo plant. Investments also included sustainability initiatives such as the sulfur dioxide emissions reduction system for Kilns 1 and 2, the roofing of clinker storage areas, and dust-control projects at the Condorcocha plant.