GCC reported a 9.6 per cent YoY drop in consolidated net sales to US$246.5m in the 1Q25 from US$272.8m in the 1Q24. 

In the USA sales, which account for 68 per cent of total sales, fell by 3.3 per cent YoY to US$167.7m from US$173.4m in the 1Q24. This was mainly due to a 4.3 per cent drop in cement volumes, which was only partially offset by a three per cent increase in cement prices, and an increase in concrete volumes and prices of 4.7 and 12.1 per cent, respectively. 

In Mexico sales were down 20.7 per cent YoY to US$78.8m from US$99.4m, driven by a 12.4 and 12.7 per cent fall in cement and concrete volumes. The decline was partially offset by a 5.2 and 2.9 per cent advance in cement and concrete prices. 

Mexican sales were affected by the slowdown in the industrial segment, partially offset by increasing housing-related demand. In addition, the depreciation of the Mexican peso against the US dollar impacted sales by US$15.9m. Excluding this effect, sales in Mexico increased by 4.8 per cent. 

EBITDA fell 11.3 per cent YoY to US$73.6m with a 29.8 per cent margin in the 1Q25. This compares with EBITDA of US$82.9m and a 30.4 per cent margin in the year-ago period.

The company's consolidated net income decreased by 16.9 per cent YoY to US$40.6m from US$48.9m per cent in the 1Q24.

Earnings per share fell 17.1 per cent to US$0.1240 in the 1Q25 from US$0.1496 in the 1Q24. 

Total debt was US$600m on 31 March 2025, based on contractual balances, and represents a 20 per cent YoY increase. All debt is long-term debt and is denominated in US dollars. Net leverage was -0.56 times, compared with -0.67 times at 31 December 2024. 

Enrique Escalante, GCC’s CEO, commented: “Despite the challenges we faced during the first quarter, including adverse weather conditions and a dynamic global environment, the fundamentals of our business remain strong. Our robust project pipeline, disciplined cost control and operational agility continue to drive our resilience.”

Sustainability
GCC was awarded an "A-" rating by the Carbon Disclosure Project (CDP) for its 2024 climate change disclosure, marking the highest rating in the company’s history. This achievement reflects GCC's commitment to addressing the environmental impacts of its operations by implementing robust environmental management strategies and taking decisive action on climate-related issues.

In addition, GCC received a "B-" for water security, further demonstrating its commitment to responsible resource management.