Slide 1: Fourth Quarter of 2025 Earnings Conference Call and Webcast
February 18, 2026 Fourth Quarter of 2025 Earnings Conference Call and Webcast 1 / 25
Slide 2: Forward-Looking Statements and Non-IFRS Alternative Performance Measures
Forward-Looking Statements and Non-IFRS Alternative Performance Measures This presentation contains certain forward-looking statements and Should one or more of these risks or uncertainties materialize, or should information relating to Ternium S.A. and its subsidiaries (collectively, underlying ass
Slide 3: Adjusted EBITDA
Fourth Quarter of 2025 Adjusted EBITDA ADJUSTED EBITDA ($ MILLION) AND ADJUSTED EBITDA MARGIN (%) ADJUSTED EBITDA QUARTERLY CHANGE ($ MILLION) (3) 14 10 10.2% 10.6% 10.5% 10% (142) 96 8.2% 420 403 395 8% 7.0% 322 6% 420 270 395 4% 2% 0% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q25 3Q25 VOLUME PRICE/ COST/ MINING I
Slide 4: Net Income
Fourth Quarter of 2025 Net Income NET INCOME (LOSS) ($ MILLION) NET INCOME QUARTERLY CHANGE ($ MILLION) (5) 171 259 405 333 259 142 171 (270) (405) 55 (270) 31 (56) 11 NET OPERATING NET FIN. USIMINAS INCOME DEFERRED OTHERS NET 4Q24 1Q25 2Q25 3Q25 4Q25 INCOME INCOME RESULTS LITIGATION TAX TAX INCOME
Slide 5: Steel Segment Shipments
Fourth Quarter of 2025 Steel Segment Shipments GEOGRAFICAL INFORMATION (THOUSAND TONS) REGIONAL DISTRIBUTION Brazil 26% 1,970 1,911 1,849 1,887 1,784 Mexico 51% Southern 965 1,005 980 994 965 Region 15% 566 557 567 496 489 452 390 357 333 307 Other Markets 8% Colombia 4% 4Q2024 1Q2025 2Q2025 3Q2025
Slide 6: Steel Segment Performance
Fourth Quarter of 2025 Steel Segment Performance STEEL SHIPMENTS (MILLION TONS) AND CASH OPERATING INCOME ($ MILLION) STEEL CASH OPERATING INCOME REVENUE PER TON ($ PER TON) PER TON AND MARGIN 2000 391 104 1500 350 342 94 92 3.8 3.9 3.7 3.8 3.7 276 72 1000 197 52 10% 9% 9% 500 7% 5% 0.0 0 0% 4Q24 1Q
Slide 7: Mining Segment Performance
Fourth Quarter of 2025 Mining Segment Performance MINING SHIPMENTS (MILLION TONS) AND CASH OPERATING INCOME ($ MILLION) MINING CASH OPERATING INCOME REVENUE PER TON ($ PER TON) PER TON AND MARGIN 200 150 3.3 3.4 60 20 3.0 3.1 3.2 57 54 18 48 16 100 14 38 24% 12 20% 19% 50 14% 16% 0.0 0 0% 4Q24 1Q25
Slide 8: Cash Flow and Balance Sheet
Fourth Quarter of 2025 Cash Flow and Balance Sheet CASH FROM OPERATIONS AND CHANGES IN CAPEX ($ MILLION) NET CASH POSITION ($ BILLION) WORKING CAPITAL ($ MILLION) Cash from operations Usiminas (Incr.) decr. in working capital 1,044 810 1.6 711 781 1.3 561 518 1.0 535 528 463 472 0.7 0.7 257 207 174
Slide 9: Full Year 2025 Yearly Data
Full Year 2025 ADJUSTED EBITDA ($ MILLION) AND ADJUSTED CASH FROM OPERATIONS ($ MILLION) Yearly Data and EBITDA MARGIN (%) Dividends 2,740 40% 2500 35% 2,501 2,314 2,038 30% 2000 25% 1,906 16% 1,541 20% 1500 12% 15% 10% 1000 10% 5% 500 0% -5% 0 -10% 2023 2024 2025 2023 2024 2025 • Adjusted EBITDA ma
Slide 10: Find us on: www.ternium.com
Find us on: www.ternium.com