Máximo Vedoya

“Yesterday, we reported a significant increase in Ternium's result in the second quarter. Adjusted EBITDA was 50% higher sequentially, and our EBITDA margin reached 16.5%.”

“Earnings margin in the first quarter continued on a recovery path, reaching 12%. This improvement reflects a combination of factors: an improving market environment in Mexico, a focus on profitability over volume in Brazil, and the continued work of our teams to increase efficiency across our industrial operations.”

“We appreciate you being here today in our conference call. Tadmium delivered resilient results in 2025, overcoming challenging market conditions by adapting rapidly and acting proactively to protect profitability.”

“In the third quarter of the year, Ternium continued to improve its performance. We saw an increase in EBITDA, driven mainly by a decrease in cost per ton supported by the continued execution of Ternium's competitiveness plan.”

“In the second quarter of the year, we delivered an improved EBITDA relative to the first quarter. This better performance was mainly driven by higher realized prices in Mexico and a relatively stable cost per ton despite a slight dip in shipments.”