Mexico: Cemex has reported a 5.3% year-on-year decrease in its sales to US$4.13bn for the second quarter of 2025 compared to the same period of 2024. Its operating earnings before interest, tax, depreciation and amortisation (EBITDA) also fell by 10.5% to US$823m.
The company attributed the declines to challenging demand conditions in Mexico and the US and a difficult comparison base in 2024. In Mexico, this related to strong infrastructure spending in 2024 prior to national elections. Cemex noted that higher local currency prices in key markets and strong volume performance in its Europe, Middle East, and Africa (EMEA) region partially mitigated the results. The EMEA region recorded its highest-ever first-half operating EBITDA.
The company’s reports stated “Our operations in Europe continue progressing on decarbonisation with net CO2 emissions in the quarter reaching a new record low of 418kg/t cement equivalent. Demand conditions continue to improve in the Middle East and Africa with volumes expanding at double-digit rates, fuelled by housing, non-residential projects and large infrastructure works.”
Cemex’s sales in Mexico fell by 23% to US$1.06bn in the second quarter of 2025 compared to the US$1.38bn in 2024. Domestic grey cement, ready-mixed concrete and aggregates sales volumes contracted by 16%, 15% and 19% respectively. In the US, Cemex blamed the drop on high rain levels in various places and continued poor performance of the residential market. Due to this sales fell by 6% to US$1.3bn.
