Cemex, one of the world’s leading building materials companies, has announced its financial results for the second quarter of 2025. The company reported record-level net income in the first half of the year, driven by accelerated progress in its strategic transformation efforts.
Reflecting its progress in organizational streamlining and cost reduction, Cemex raised its annual EBITDA savings target under Project Cutting Edge 2025 from US$150 million to US$200 million. The company now expects to achieve annual savings of US$400 million by 2027. This target includes an estimated US$200 million in annualized corporate headcount reduction.
In the second quarter of 2025, Cemex’s net income rose by 38% to US$318 million, with net sales of US$4.1 billion and EBITDA of US$823 million. The consolidated EBITDA margin remained stable at 20%, with three out of the company’s four regions reporting steady performance, supported by price increases and cost reductions. The EMEA region (Europe, Middle East, and Africa) stood out, delivering its strongest first-half EBITDA performance in recent years.
Commenting on the results, Cemex CEO Jaime Muguiro stated:
“As we began the implementation of our strategic framework, we moved quickly in the second quarter to transform our corporate structure introducing a new operating model to streamline overhead, foster agility and empower our regional teams to drive results,” said Jaime Muguiro, CEO of Cemex. “This process entailed difficult decisions, but necessary ones to support the company’s long-term growth and competitiveness. I am confident that this transformation will help us advance towards our goals of achieving operational excellence and sustainable best-in-class shareholder return.”
Regional Performance Shows Distinct Differences
Cemex’s second-quarter 2025 results revealed varying dynamics across regions. In Mexico, the first half of the year was challenging due to a high comparison base from pre-election spending, currency volatility, and the beginning of a new government term. However, the company expects volumes to recover in the second half as the government is anticipated to accelerate investments in social housing and infrastructure.
The EMEA region played a leading role in the company’s overall performance. The region posted a 34% increase in EBITDA in the first half of 2025 and a 31% rise in the second quarter alone. These results mark the strongest first-half EBITDA performance in Cemex’s history for the EMEA region.
In the United States, although year-over-year sales declined by 6%, operational profitability was maintained with an EBITDA margin remaining stable at around 21%, reflecting the company’s effective cost discipline and pricing strategy.
In South, Central America, and the Caribbean, a decline in EBITDA margin was observed. However, overall sales remained flat, indicating a relatively balanced demand environment in the region.
Cemex anticipates full-year 2025 EBITDA performance to remain flat compared to 2024, while expecting free cash flow to accelerate in the second half of the year, supported by improved profitability and seasonal recovery in working capital.
