Grupo UNACEM’s consolidated revenues totaled S/ 1,794 million in the third quarter of 2025.
In its most recent financial results presentation to investors, Grupo UNACEM announced its results for the third quarter of 2025, highlighting consolidated revenues of PEN 1,794 million, a 0.3% increase compared to the same period last year, driven mainly by the favorable performance of its operations in Peru, Ecuador, and Chile.
UNACEM Perú recorded higher cement dispatches with stable prices, in addition to the award of new large-scale projects in the precast business. Meanwhile, Celepsa reported higher electricity sales volumes driven by new contracts. At UNACEM Ecuador, revenues continued to rise due to higher volumes and average prices in both cement and concrete. In Chile, although lower precast sales and lower cement volumes were reported, higher volumes and prices in the concrete business offset this effect.
“In Peru, we continue to see a positive trend, with a quarter in which our precast business reached record revenues and market activity supported this performance. In the United States, despite a challenging environment, we have maintained our market share in Arizona and increased it in California, reaffirming the strength of our operations. We also highlight the modernization of Termochilca, which exceeded expected efficiency levels,” said Pedro Lerner, Corporate CEO of Grupo UNACEM.
During the quarter, EBITDA reached PEN 410 million. Meanwhile, consolidated CAPEX as of September 2025 totaled PEN 467 million, representing a 10.9% increase compared to the same period in 2024, in line with the Group’s long-term sustainability plan. The main investments focused on environmental and operational improvement projects at the Atocongo and Condorcocha plants, including the sulfur dioxide emissions reduction system for Kilns 1 and 2 at Atocongo, the installation of a new primary crusher, and the roofing of clinker storage areas at Atocongo and Condorcocha. At Celepsa, the modernization of the Termochilca turbine was completed, resulting in an 18 MW increase in generation capacity. In addition, expenditures were made related to the construction of CALCEM’s lime plant.
Alicia Campos, Corporate Strategy Manager at Grupo UNACEM, noted that this quarter, our portfolio showed resilient performance, with higher volumes in Peru, Ecuador, and Chile, together with sustained growth in our energy platform. EBITDA reflects this operational strength, while CAPEX responded to the execution of strategic and sustainability projects, including environmental and efficiency improvements across our operations. These advances continue to strengthen our position and support the year-to-date performance.”
RESULTS BY BUSINESS UNIT AND COUNTRY
In the third quarter of 2025, in Peru, UNACEM achieved cement dispatches of 1.561 million tons (3.2% above the third quarter of 2024) and revenues of PEN 685 million, 1.5% higher than in 2024. The Concrete, Blocks, Pavers, and Pavements line reached revenues of PEN 51.2 million, representing a notable 151.4% increase compared to the same period last year. Total revenues of UNACEM Peru amounted to PEN 771.2 million, showing a 6.3% increase year over year, while quarterly EBITDA totaled PEN 234.4 million, a 3.1% decrease versus the third quarter of 2024.
Celepsa increased its hydroelectric generation to 710 GWh, representing a 9.2% increase compared to the same period in 2024. Total revenues reached USD 58.8 million (9.7% higher than in the third quarter of 2024), driven by the incorporation of new customers into its portfolio. EBITDA rose to USD 16.3 million, 43.9% higher than the previous year, due to higher volumes despite lower marginal energy costs in the market.
At UNACEM Ecuador, third-quarter 2025 revenues reached USD 47.2 million, a 3.3% increase versus the same quarter last year, driven by slightly higher average prices. The cement business recorded dispatches of 320 thousand tons, 1.6% higher year over year, while concrete volumes reached 66 thousand cubic meters, 13.7% higher than in the same period of 2024. Quarterly EBITDA amounted to USD 12.1 million, representing 4.6% growth.
At UNACEM North America, cement dispatch volumes during the third quarter totaled 323 thousand tons, a 0.7% increase compared to the same period last year. Ready-mix concrete volumes reached 253 thousand cubic meters, 12.5% higher year over year, while aggregates totaled 378 thousand tons, 2% lower than the previous year.
Finally, in Chile, UNICON Chile reported ready-mix concrete dispatches of 277 thousand cubic meters, a 38.3% increase compared to 3Q 2024. This higher volume, together with higher average prices, drove an improvement in operating margins. Revenues totaled CLP 27,097 million, 55.4% higher than in the third quarter of 2024, while EBITDA reached CLP 1,362 million, well above the CLP 272 million recorded in the prior year.