Mexico: Cemex reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$794m in the first quarter of 2026, up by 34% year-on-year, while net sales increased by 3% on a like-for-like basis, to US$4bn. It reported a ‘strong performance’ for the period, supported by a cement volume recovery in Mexico and a disciplined pricing strategy. The company said that EBIT rose by 40% year-on-year, supported by operational efficiencies, pricing strategy and improved cost structure, while net income would have nearly doubled in the quarter, excluding a prior-year one-off gain from the sale of its operations in the Dominican Republic.
It said that the US showed ‘resilience’ despite adverse weather, with growth in ready-mix and aggregates volumes and continued benefits from Project Cutting Edge. EMEA reported double-digit EBITDA growth driven by cost discipline and pricing, while South, Central America and the Caribbean achieved double-digit EBITDA growth supported by higher volumes and ongoing transformation benefits.
CEO Jaime Muguiro said “I am very pleased with our first-quarter results, which reflect the ongoing benefits of our transformation and a structurally stronger Cemex with a more resilient earnings profile. Despite the uncertain global backdrop, our self-help measures under Project Cutting Edge that we have put into place coupled with strong first quarter results, give me confidence on our full‑year high-single-digit EBITDA growth guidance.”