Mexico: Cemex has issued a press release regarding its fourth quarter and full-year results for 2025, although it has not yet released full figures. It said that, for the full year, earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 1%, supported by its Project Cutting Edge savings programme. It reported that its fourth-quarter net income was impacted by goodwill and asset impairments, while full-year net income increased by 2%. Adjusting for these impairments, net income would have increased by 41% to US$1.5bn for the whole year.
With momentum building in the second half of the year, supported by a recovery in Mexico and ‘solid performance’ in Europe, the Middle East and Africa, fourth-quarter net sales and EBITDA increased at a double-digit rate. Full-year EBITDA margin remained stable with a significant expansion in the second half of 2025. All regions reported relatively flat-to-improved EBITDA margins in 2025.
“I am proud of what we have accomplished so far and expect even better results in 2026, supported by our transformation plan, improved market demand and operating leverage available to us in most markets,” said Jaime Muguiro, CEO of Cemex. “I want to recognise our teams across the organisation. 2025 was a demanding year, with the introduction of our transformation plan, and required discipline, resilience and a strong execution mindset.”
In Mexico, fourth-quarter results strengthened, with year-over-year sales and EBITDA growth, margin expansion and continued recovery in demand conditions. The US delivered record fourth-quarter EBITDA and higher margins, supported by operating efficiencies and Project Cutting Edge. Europe, the Middle East and Africa reported solid full-year performance, led by higher volumes, pricing and cost efficiencies, while South, Central America and the Caribbean achieved a third consecutive year of EBITDA growth, despite fourth-quarter weather disruptions.
Cemex also reported that its consolidated gross CO₂ emissions declined by 2% year-on-year, primarily driven by further reductions in its clinker factor. Cemex’s operations in Europe reached the Cement Europe association’s 2030 gross CO₂ emissions reduction target five years ahead of schedule, while operations in Mexico and South, Central America and the Caribbean profitably achieved record low clinker factor levels during the year.