Brazil: Votorantim Cimentos reported net profit of US$609m in 2025, up by 196% year-on-year, supported by higher sales volumes, pricing and increased revenues from new businesses. Global net revenues reached US$5.6bn, rising by 9% on a comparable basis, while cement sales volumes increased by 5% to 37.0Mt. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was US$1.3bn, up by 7%.
The company invested US$705m during the year, a 14% increase, aligned with its strategy focused on decarbonisation, competitiveness and expansion. Of its US$952m investment plan for Brazil between 2024 and 2028, US$514m is already being deployed. Operationally, Votorantim Cimentos advanced its alternative fuels strategy, including the installation of a bypass system at its Salto de Pirapora plant and the expansion of its Verdera waste management business. In Spain, the Toral de los Vados plant achieved an alternative fuel substitution rate of 80% for one month after investing in a new precalciner. The company reported net CO2 emissions of 552kg/t of cementitious material, unchanged from 2024, but representing a reduction of 28% compared to 1990 levels. It also began operations, reportedly before schedule, at the Paracatu solar farm. The facility supplies around 100MW of renewable energy from 770,000 solar panels across 700 hectares.
Regionally, the company reported US$2.7bn in revenues in Brazil for 2025, up by 13%. It said that North America presented a ‘challenging environment marked by political and economic uncertainty and volatility,’ but still recorded revenues of US$1.6bn, up by 4% compared to 2024. Revenues in Europe and Asia reached US$857m, up by 8%, with EBITDA rising by 29%. Votorantim said that Bolivia and Uruguay’s economies experienced a slowdown, but its Latin American revenues still increased by 25% and EBITDA rose by 56%.
“Votorantim Cimentos had another year of solid operational and financial performance, with consistent and consecutive growth. This performance reflects the strength of our portfolio, our geographic diversification and a solid capital structure to support our growth strategy,” said Osvaldo Ayres, global CEO of Votorantim Cimentos.