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Cementos Pacasmayo posted strong Q2 2026 results, with revenue up 15.4% to PEN 558.9 million and sales volume up 15.5%, driven by solid demand in Peru's self-construction market and higher bagged cement sales.
Profitability surged faster than revenue: EBITDA jumped 34.3% to PEN 174.8 million, EBITDA margin expanded to 31.3%, and net income rose about 61% to roughly PEN 77 million thanks to operational efficiencies and a shift toward higher-margin products.
Management remains upbeat on future growth, pointing to opportunities from Holcim-related synergies, sustainable concrete margins, infrastructure and El Niño-related projects, while keeping annual sustaining capex near PEN 100 million.
Cementos Pacasmayo S.A.A. (NYSE:CPAC) reported double-digit revenue and volume growth for the second quarter of 2026, with management citing strong demand from Peru's self-construction market, higher bagged cement sales and improved operating efficiency.
Chief Executive Officer Humberto Nadal said the company delivered "outstanding operational execution and financial discipline" during the quarter. Sales volume for cement, concrete and precast products increased 15.5% from the prior-year period, helping revenue rise 15.4% to PEN 558.9 million.
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Profitability improved at a faster pace than sales. Consolidated EBITDA rose 34.3% year over year to PEN 174.8 million, while EBITDA margin expanded 4.4 percentage points to 31.3%. Net income increased 61% to PEN 77 million, according to Nadal. Chief Financial Officer Ely Hayashi later cited net income of PEN 77.2 million for the quarter, up 61.5%.
"This peak in profitability is a direct result of operational efficiencies, our extremely solid commercial strategy, and a shift towards higher margin concrete solutions," Nadal said.
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Hayashi said first-half revenue totaled PEN 1.11 billion, up 13.3% from the first six months of 2025. Total shipments increased 13.6% over the same period, led by bagged cement in the self-construction market across northern Peru.
Gross profit for the first half rose 25.4% to PEN 455.5 million, following a 23% increase in the second quarter. Hayashi attributed the improvement to "structural operational efficiencies and higher shipments."
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