Cementos Pacasmayo Q2 EPS $0.28, sales beat estimates
Cementos Pacasmayo S.A.A. reported a 61.5% rise in Q2 net income to S/ 77.2 million, driven by a 15.5% sales volume increase. Consolidated EBITDA grew 34.3% to S/174.8 million. In USD terms, EPS increased 75% to $0.28 and sales of $162.089 million beat analyst estimates by 10.64%.
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Cementos Pacasmayo S.A.A. reported a 61.5% increase in net income to S/ 77.2 million for the second quarter of 2026, driven by higher sales volume and reduced financial expenses. The company, serving the Peruvian construction industry, saw consolidated EBITDA rise 34.3% to S/174.8 million, with the margin expanding by 4.4 percentage points to 31.3%. These results were prepared in accordance with International Financial Reporting Standards and are stated in Soles.
On a per-share basis, the company reported quarterly earnings of $0.28, a 75% increase over earnings of $0.16 per share from the same period last year. Quarterly sales reached $162.089 million, beating the analyst consensus estimate of $146.500 million by 10.64%. This represents an 18.32% increase over sales of $136.996 million in the same period last year.
Sales volume for cement, concrete, and precast increased by 15.5% during 2Q26, primarily due to strong demand for bagged cement from self-construction projects. Revenues grew by 15.4% in line with the volume increase. The company attributed the EBITDA growth to the sales volume increase and higher operating profit, particularly within the concrete sector. Lower financial expenses also contributed to the profitability improvement as debt levels continued to decrease.
6M26 Performance
For the first six months of 2026, the company maintained its growth trajectory. Sales volume increased by 13.6%, leading to a 13.3% rise in revenues. Consolidated EBITDA grew 33.1% to S/352.7 million, resulting in an EBITDA margin of 31.6%, a 4.7 percentage point increase. Net income for the period rose 58.4% to S/ 159.2 million, supported by higher operating income and continued debt reduction.
Key Financial Metrics
| Metric | 2Q26 | 6M26 |
|---|---|---|
| Sales volume growth | 15.5% | 13.6% |
| Revenue growth | 15.4% | 13.3% |
| Consolidated EBITDA | S/174.8 million | S/352.7 million |
| EBITDA margin | 31.3% | 31.6% |
| Net income | S/ 77.2 million | S/ 159.2 million |
| Net income growth | 61.5% | 58.4% |
Cementos Pacasmayo will host a conference call on Tuesday, July 21, 2026, at 9:30 a.m. Lima Time to discuss these results. The company produces and sells cement, ready-mix concrete, precast materials, and quicklime, operating primarily in the Northern region of Peru.
Can the strong demand from self-construction projects be sustained throughout the second half of 2026?
What is the company's strategy for further debt reduction given the significant drop in financial expenses?
Are there plans to expand capacity or market share beyond the Northern region of Peru to maintain this growth trajectory?
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