$SIM

GROUP SIMEC SA DE CV

CIK:0000887153|SEC Filings

Consolidated Statements of Comprehensive Income - MXN ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Net sales	$ 30,291,404	$ 33,657,672	$ 41,139,248
Cost of sales	(22,783,351)	(26,032,751)	(31,100,106)
Gross profit	7,508,053	7,624,921	10,039,142
Administrative expenses	(2,829,452)	(2,602,511)	(2,317,058)
Other income (expense), net	526,488	278,683	(119,546)
Interest income and dividends	1,170,726	1,618,751	931,866
Interest expense	(110,843)	(3,733)	(153,729)
Gain (Loss) on financial instruments	48,527	68,119	64,436
Foreign exchange loss, net	(3,606,501)	5,556,389	(2,431,000)
Income before income taxes	2,706,998	12,540,619	6,014,111
Income taxes	(1,211,834)	(2,060,123)	(1,739,998)
Net income for the year	1,495,164	10,480,496	4,274,113
Other comprehensive income:
Translation effects of foreign subsidiaries	(1,387,548)	(917,453)	(2,663,542)
Other stock instruments	0	0	289,560
Total other comprehensive income for the year.	(1,387,548)	(917,453)	(2,373,982)
Comprehensive income for the year, net of tax	107,616	9,563,043	1,900,131
Net income attributable to:
Controlling interest	1,496,404	10,487,819	4,282,906
Non-controlling interest	(1,240)	(7,323)	(8,793)
Net income for the year	1,495,164	10,480,496	4,274,113
Comprehensive income for the year attributable to:
Controlling interest	106,111	9,559,660	1,912,937
Non-controlling interest	1,505	3,383	(12,806)
Comprehensive income for the year	$ 107,616	$ 9,563,043	$ 1,900,131
Earnings per share:
Weighted average shares outstanding (in thousands of shares) (in Shares)	460,637	461,389	461,741
Earnings per share for net income for the year attributable to controlling interest (expressed in pesos) (in Pesos per share and Dollars per share)	$ 3.25	$ 22.71	$ 9.28

Consolidated Statements of Cash Flows - MXN ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities:
Net income for the year	$ 1,495,164	$ 10,480,496	$ 4,274,113
Adjustments for:
Depreciation and amortization	1,082,267	1,066,382	1,035,244
Employee benefits	27,504	(8,174)	16,116
Interest income from investing activities	(1,170,726)	(1,618,751)	(931,866)
(Gain) Loss in financial instruments	(48,527)	(68,119)	(64,436)
Interest expense from financing activities	110,843	3,733	153,729
Income tax	1,211,834	2,060,123	1,739,998
Total Adjustments	2,708,359	11,915,690	6,222,898
Changes in operating assets and liabilities:
Decrease (Increase) in Trade receivables	(97,069)	(1,206,217)	653,286
Decrease (Increase) in Related parties’ receivables	(129,616)	(102,379)	(68,247)
Decrease (Increase) in Inventory	1,344,158	357,577	1,608,776
(Increase) in other receivables, recoverable taxes and prepaid expenses	(193,946)	1,666,948	(74,814)
(Decrease) Increase in Accounts payable trade	(975,943)	(5,472,293)	(2,187,193)
Increase (Decrease) in Related parties’ payables	23,240	685,076	62,799
Increase (Decrease) in Accounts payable other and accrued liabilities and taxes other than income taxes	(2,156,066)	(2,296,047)	(1,954,210)
Net cash flows provided by operating activities	523,117	5,548,355	4,263,295
Investing activities:
Acquisition of property, plant and equipment	(2,891,528)	(2,126,962)	(2,492,673)
Decrease (increase) in other non-current assets	677,201	162,319	301,913
Decrease (increase) in other equity instruments	108,528	0	(88,642)
Gain (Loss) on financial instruments	48,527	68,119	64,436
Interest income collected	1,170,726	1,618,751	931,866
Net cash flows (used) by investing activities	(886,546)	(277,773)	(1,283,100)
Financing activities:
Repurchase and placement of own capital stocks, net	(115,778)	(126,495)	(89,041)
Interest expense	(110,843)	(3,733)	(153,729)
Net cash flows used (provided) in financing activities	(226,621)	(130,228)	(242,770)
Increase in cash and cash equivalents	(590,050)	5,140,354	2,737,425
Cash and cash equivalents at beginning of year	29,158,227	23,584,335	21,546,386
Effects of exchange rate changes on the balance of cash and cash equivalents held in foreign currencies	(17,314)	433,538	(699,476)
Cash and cash equivalents at end of year	$ 28,550,863	$ 29,158,227	$ 23,584,335

Consolidated Statements of Financial Position - MXN ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 28,550,863	$ 29,158,227
Trade receivables, net	4,565,991	4,491,624
Related parties’ receivables	129,468	120,202
Recoverable taxes	629,110	758,868
Other receivables	588,644	330,291
Prepaid expenses	215,006	444,156
Inventory	9,096,976	11,164,370
Total current assets	43,776,058	46,467,738
Non-current related parties’ receivables	648,281	648,281
Non-current loans to related parties	1,380,640	1,260,290
Non-current inventory, net	1,471,269	1,688,890
Property, plant and equipment, net	21,100,949	19,630,424
Investments in financial instruments	640,749	1,340,173
Intangible assets and other non-current assets, net	2,260,946	2,262,605
Total of active not circulating	27,502,834	26,830,663
Total assets	71,278,892	73,298,401
Current liabilities:
Short-term debt	5,422	6,194
Accounts payable trade	3,073,813	4,166,934
Related parties payable	3,463,571	3,440,331
Other accounts payable and accrued liabilities	531,721	434,377
Payable tax	931,396	1,415,389
Income tax	328,076	736,699
Total current liabilities	8,333,999	10,199,924
Non-current liabilities:
Employee benefits	222,970	177,000
Deferred income tax	3,473,264	3,668,882
Other liabilities	14,809	10,583
Total Non-current liabilities	3,711,043	3,856,465
Total liabilities	12,045,042	14,056,389
Contingencies and Commitments
Stockholders’ equity:
Capital stock	2,832,268	2,832,268
Additional paid-in capital	4,575,233	4,575,233
Retained earnings	54,369,077	52,872,673
Reserve for repurchase and recoloration of shares	2,402,406	2,518,184
Accumulated Other comprehensive income (loss), net	(4,974,863)	(3,584,570)
Total controlling interest	59,204,121	59,213,788
Non-controlling interest	29,729	28,224
Total stockholders’ equity	59,233,850	59,242,012
Total liabilities and stockholders’ equity	$ 71,278,892	$ 73,298,401