GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER OF 2026, ENDED MARCH 31, 2026.

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GUADALAJARA, Mexico, April 30, 2026 /PRNewswire/ — Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2026First quarter of 2026 vs first quarter of 2025.Net SalesNet sales increased 3% because of the combination of 11% increase in shipments of finished steel products and a 7% lower average sales prices compared to the same period of 2025, the sales increased from Ps. 7,783 million in the three-month period ended March 31, 2025 to Ps. 8,032 million in the same period of 2026. Shipments of finished steel products increased to 530 thousand tons in the three-month period ended March 31, 2026 compared to 476 thousand tons in the same period of 2025. Total sales outside of Mexico on the three-month period ended March 31, 2026 decreased 2% to Ps. 3,385 million compared with Ps. 3,469 million in the same period of 2025. Total sales in Mexico increased 8% from Ps. 4,314 million in the three-month period ended March 31, 2025 to Ps. 4,647 million in the same period of 2026.Cost of SalesCost of sales increased 2% from Ps. 5,786 million in the three-month period ended March 31, 2025 to Ps. 5,897 million in the same period of 2026. Cost of sales as a percentage of net sales represented 73% and 74% respectively, for the periods 2026 and 2025. The average cost of finished steel produced in the three-month period ended March 31, 2026 compared to the same period of 2025 decreased 8%.Gross ProfitGross profit of the Company in the three-month period ended March 31, 2026 was of Ps. 2,135 million compared to Ps. 1,997 million in the same period of 2025. Gross profit as a percentage of net sales represented 27% and 26% respectively, for the periods 2026 and 2025.Selling, General and Administrative ExpensesSelling, general and administrative expenses increased 12% from Ps. 633 million in the three-month period ended March 31, 2025 to Ps. 709 million in the same period of 2026. Selling, general and administrative expenses as a percentage of net sales represented 8% during the three-month period ended March 31, 2025 and 9% in the same period of 2026.Other Expenses (Income) netThe company recorded other net income of Ps. 62 million in the three-month period ended March 31, 2025 compared to other net income of Ps. 39 million in the same period of 2026.Operating ProfitOperating income increased 3% fro...

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