Oct 27, 2026 earnings call — Strong quarter driven by cement volume and margins
Consolidated EBITDA rose 45.1% to PEN 233.1 million, expanding the EBITDA margin to 34.9%.
Revenue $0.2B · EPS $0.41
Key quotes
"We experienced a 14.2% increase in the sales volume of cement, concrete and precast."
"This remarkable profitability was driven by top line growth, but also by lower electricity rates secured through our new long-term energy contract, combined with a lower clinker factor."
"Demonstrating strong demand for these solutions, we secured an additional 4.4 kilometers of concrete sheet piles for the ongoing Piura River Defense project."
Analyst Q&A 2
cement demand outlook and El Niño
Q (Gabriel Pérez Flórez · CrediCorp Capital): He asked if the strong volume recovery is sustainable into 2027 and how El Niño could affect cement demand in the region.
A: Management said they expect about 4% volume growth next year, but that outcome depends on the strength of El Niño. They noted uncertainty and that results will depend on how El Niño unfolds.
"But we still believe that next year, we will see a growth of approximately 4% of volumes." — Humberto Reynaldo Nadal Del Carpio (CEO)
Holcim synergies and Peru expansion
Q (Francisco Suarez · Scotiabank): He asked whether the margin improvement already reflects synergies with Holcim (for example procurement savings) and whether the company plans to expand into other regions of Peru.
A: Management said no, there are no synergies reflected in the results yet because they are still in very early stages. On expansion, they said that question is for Holcim and they cannot answer for Holcim.
"So there's no reflection really of any synergies in our results." — Humberto Reynaldo Nadal Del Carpio (CEO)