Financial Data and Key Metrics Changes - For Q4 2025, sales volumes increased by 8.2% compared to the same period last year, and for the full year 2025, there was a 7.2% increase relative to 2024 [8] - EBITDA for Q4 2025 reached PEN 158.7 million, an 11.4% increase year-over-year, while full year EBITDA was PEN 584.2 million, marking a 6.4% year-over-year increase when excluding one-off expenses [9][10] - Consolidated net income for Q4 2025 was negative due to transactional expenses, but excluding these, net income would have been PEN 59.8 million, a 19.6% increase over the same period last year [26] Business Line Data and Key Metrics Changes - Cement sales in Q4 2025 increased by 13.6%, driven by strong demand in the self-construction sector, while for the full year, cement sales rose by 8.7% compared to 2024 [19][20] - Sales of concrete, pavement, and mortar decreased by 25.1% year-over-year in Q4 2025, primarily due to lower sales volume from the halted Motupe Riverbank Defense Project, but increased by 6.3% for the full year [21][23] - Precast materials sales decreased by 16% in Q4 2025 but increased by 3% for the full year, driven by higher demand from the public sector [25] Market Data and Key Metrics Changes - The growth in sales volumes was attributed to stronger demand for infrastructure projects and consistent performance in the self-construction segment [8] - The agro-industrial and fishing sectors, key income drivers in the north, contributed to the elevated demand for cement [20] Company Strategy and Development Direction - The acquisition agreement with Holcim for a controlling stake in Cementos Pacasmayo is seen as a strong endorsement of the company's long-term strategy and operational excellence [5][6] - The company aims to promote sustainable development and create new opportunities while contributing to the growth of Peru and the wider region [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining EBITDA margins at current levels, with potential improvements due to energy-saving projects planned for the second half of the year [36] - The company anticipates a stronger year in 2026 in terms of volumes and competitive pricing, which should support revenue growth and stable EBITDA margins [38] Other Important Information - The company achieved three-star recognition from Peru's Minister of Environment for reducing greenhouse gas emissions, reflecting its commitment to sustainability [11] - Cementos Pacasmayo has been recognized as the industry leader in the Merco ESG Sustainability Ranking for ten consecutive years, highlighting its focus on sustainability [12][13] Q&A Session Summary Question: Details about the transaction with Holcim and pending steps - The transaction involves Holcim acquiring Inversiones ASPI, which controls 60.01% of Pacasmayo, pending regulatory approval from Indecopi, which is expected to be approved soon [29] Question: Why acquisition-related expenses are high - Most expenses are related to long-standing change of control issues, with part of the costs to be assumed by Hochschild, and the board deemed these expenses reasonable given the share price [30][32] Question: Recognition of PEN 77 million in expenses related to the Holcim transaction - The decision to incur these costs was based on contractual obligations and was approved by the board, with no anticipated impediments from regulatory authorities [32] Question: Expectations for project-related disruptions and margin pressures - Management believes EBITDA margins should remain stable or improve slightly, with expectations for increased spending from authorities later in the year [36] Question: Guidance on revenue growth and EBITDA margins for 2026 - Management is optimistic about volume growth and stable EBITDA margins, with expectations for efficiencies to enhance margins in the second half of the year [38]

Financial Data and Key Metrics Changes - For Q4 2025, sales volumes increased by 8.2% year-over-year, while full-year sales grew by 7.2% compared to 2024, driven by demand for infrastructure projects and self-construction [5][10] - EBITDA for Q4 2025 reached PEN 158.7 million, an 11.4% increase year-over-year, while full-year EBITDA was PEN 584.2 million, marking a 6.4% increase when excluding one-off expenses [5][6][10] - Consolidated net income for Q4 2025 was negative due to transactional expenses, but would have been PEN 59.8 million, a 19.6% increase year-over-year if excluding these expenses [15][16] Business Line Data and Key Metrics Changes - Cement sales in Q4 2025 increased by 13.6%, primarily due to strong demand in the self-construction sector, while full-year cement sales rose by 8.7% compared to 2024 [12][14] - Sales of concrete, pavement, and mortar decreased by 25.1% year-over-year in Q4 2025, attributed to the Motupe Riverbank Defense Project being on standby, but full-year sales increased by 6.3% [13][14] - Precast materials sales decreased by 16% in Q4 2025, but full-year sales increased by 3%, driven by public sector demand [15] Market Data and Key Metrics Changes - The company achieved three-star recognition from Peru's Minister of Environment for reducing greenhouse gas emissions, reflecting its commitment to sustainability [7][8] - The company maintained a top-tier position in the Merco ESG Sustainability Ranking, being recognized as the industry leader for ten consecutive years [8] Company Strategy and Development Direction - The acquisition agreement with Holcim for a controlling stake in Cementos Pacasmayo is seen as a strong endorsement of the company's long-term strategy and operational excellence [3][4] - The company aims to promote sustainable development and create new opportunities in collaboration with Holcim [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining EBITDA margins and expects improvements due to energy-saving projects in the second half of the year [25][26] - The company anticipates a positive outlook for revenue growth and EBITDA margins in 2026, driven by strong volume growth and competitive pricing [26] Other Important Information - Administrative expenses increased by 5.7% in Q1 2025 and by 50% for the full year, mainly due to higher personnel costs from collective bargaining [11] - Selling expenses decreased by 8.3% in Q4 2025 but increased by 40% for the full year due to higher advertising and promotional expenses [12] Q&A Session Summary Question: Details about the transaction with Holcim and regulatory approvals - Management confirmed that the transaction is pending INDECOPI approval and is expected to be approved smoothly [18] Question: Why acquisition-related expenses are high - Most expenses are related to long-standing change of control issues, with part assumed by Holcim, and were approved by the board [19] Question: Recognition of PEN 77 million in expenses related to the Holcim transaction - Management explained that these costs are due to contractual obligations from previous agreements and are considered reasonable given the share price [20][21] Question: Expectations for project-related disruptions and margin pressures - Management believes EBITDA margins will remain stable or improve, with expectations of increased spending from authorities later in the year [25] Question: Guidance on revenue growth and EBITDA margins for 2026 - Management is optimistic about volume growth and stable EBITDA margins, with potential increases due to operational efficiencies [26]

Financial Data and Key Metrics Changes - For Q4 2025, revenues increased by 6.2% year-over-year, reaching PEN 559.5 million, driven by higher sales of pack cement and increased sales for infrastructure projects [10] - EBITDA for Q4 2025 reached PEN 158.7 million, an 11.4% increase compared to the same period last year, excluding one-off expenses related to the share purchase agreement with Holcim [6][10] - Full year 2025 EBITDA was PEN 584.2 million, marking a 6.4% year-over-year increase when excluding one-off expenses [7][17] - Net income for Q4 2025, excluding one-off expenses, would have been PEN 59.8 million, a 19.6% increase over the same period last year [16][17] Business Line Data and Key Metrics Changes - Cement sales in Q4 2025 increased by 13.6%, primarily due to robust demand in the self-construction sector, while full year cement sales increased by 8.7% compared to 2024 [12][14] - Sales of concrete, pavement, and mortar decreased by 25.1% year-over-year in Q4 2025, mainly due to lower sales volume from the halted Motupe Riverbank Defense Project [13][14] - Precast materials sales decreased by 16% in Q4 2025 but increased by 3% for the full year, driven by higher demand from the public sector [16] Market Data and Key Metrics Changes - The company experienced strong momentum in sales volumes, with an 8.2% increase in Q4 2025 compared to the same period last year, and a 7.2% increase for the full year 2025 relative to 2024 [6] - The growth was attributed to stronger demand for infrastructure projects and consistent performance in the self-construction segment [6] Company Strategy and Development Direction - The acquisition agreement with Holcim for a controlling stake in Cementos Pacasmayo is seen as a strong endorsement of the company's long-term strategy and operational excellence [4][5] - The company aims to promote sustainable development and contribute to the growth of Peru and the wider region [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum built and the positive outlook for future performance, emphasizing operational excellence and profitability [9] - The company anticipates that EBITDA margins will remain stable or increase slightly due to energy-saving projects planned for the second half of the year [26][27] Other Important Information - The company achieved three-star recognition from Peru's Minister of Environment for reducing greenhouse gas emissions, reinforcing its commitment to sustainability [7][8] - The company maintains a top-tier position in the Merco ESG Sustainability Ranking, recognized as the industry leader for ten consecutive years [8] Q&A Session Summary Question: Details about the transaction with Holcim and regulatory approvals - Management confirmed that the transaction is pending Indecopi approval and is expected to be approved in the coming months, with no anticipated impediments [19] Question: Acquisition-related expenses and their justification - Management explained that most transaction expenses are related to long-standing change of control issues, with part of the expenses to be assumed by Holcim [20][21] Question: Future project-related disruptions and margin pressures - Management indicated that while each project has unique circumstances, they expect EBITDA margins to remain stable or improve due to upcoming energy-saving projects [26] Question: Guidance on revenue growth and EBITDA margins for 2026 - Management expressed optimism about volume growth and stable EBITDA margins for 2026, citing competitive pricing and operational efficiencies [27]

Core Viewpoint - Holcim plans to pursue approximately 15 acquisitions in 2026, indicating a sustained commitment to its M&A strategy in the building materials sector [1] Group 1 - The CEO of Holcim, Miljan Gutovic, announced the acquisition plans during the World Economic Forum in Davos [1]

Group 1 - Holcim has completed the acquisition of French precast concrete maker Alkern, marking another strategic purchase by the Swiss building materials company [1]

Group 1 - U.S. stocks experienced a decline, with the Dow Jones index dropping over 100 points on Tuesday [1] - Cementos Pacasmayo SAA – ADR shares surged 47.4% to $10.30 following Holcim's agreement to acquire 50.01% of its owner, Inversiones Aspi. S.A. [1] Group 2 - Rezolve AI PLC reported preliminary December revenue results, leading to a 23.7% increase in its stock price to $2.87 [2] - Emerald Holding Inc announced a review of potential strategic options, resulting in a 17% rise in its stock price to $4.14 [2] - NovaBay Pharmaceuticals Inc's stock increased by 16.2% to $3.15 [2] - Tilray Brands Inc saw a 15% surge in its stock price to $12.57 [2] - Clearpoint Neuro Inc's stock jumped 14.2% to $14.14 [2] - Fermi Inc gained 11.4%, reaching $9.57 [2] - Sezzle Inc authorized a $100 million stock buyback, leading to a 9.6% increase in its stock price to $72.49 [2] - WW International Inc launched a new platform for the GLP-1 era, resulting in a 7.8% gain to $26.19 [2] - Circle Internet Group Inc rose 7.7% to $81.24 [2] - Lemonade Inc's stock surged 7.4% to $80.59 [2] - Netskope Inc gained 6.9%, reaching $20.37 [2] - Ascentage Pharma Group International's stock rose 6% to $29.26 [2] - RH's stock increased by 5.5% to $172.60, with Barclays analyst maintaining an Overweight rating and lowering the price target from $385 to $283 [2] - Affirm Holdings Inc gained 4.4%, reaching $68.56 [2]

Economic Data - Non-farm payroll employment in the U.S. increased by 64,000 jobs in November, following a decline of 105,000 jobs in October, surpassing economists' expectations of a 50,000 job increase [2][20] - The unemployment rate rose to 4.6 percent in November from 4.4 percent in September, higher than the anticipated increase to 4.5 percent [2][21] - Retail sales in the U.S. were virtually unchanged in October, after a downwardly revised increase of 0.1 percent in September, while economists had expected a rise of 0.2 percent [3][21][22] - Excluding motor vehicle and parts dealers, retail sales increased by 0.4 percent in October, compared to a 0.1 percent rise in September, with expectations of a 0.3 percent increase for ex-auto sales [3][22] Stock Market Performance - Major U.S. stock indices showed a lack of direction, ending the previous session modestly lower, with the Nasdaq down 0.6 percent, S&P 500 down 0.2 percent, and Dow down 0.1 percent [4][5] - Initial buying interest was observed as traders sought to acquire stocks at reduced levels, but concerns over AI spending impacted stocks like Broadcom and Oracle [5][6] - The NYSE Arca Computer Hardware Index fell by 2.9 percent, reflecting a broader pullback in computer hardware stocks [6][7] International Markets - Asian stocks fell broadly as investors awaited U.S. jobs and inflation data, with the Shanghai Composite Index down 1.1 percent and the Hang Seng Index down 1.5 percent [10][11] - Japanese stocks declined, with the Nikkei 225 Index dropping 1.6 percent, influenced by a stronger yen and expectations of a Bank of Japan rate increase [12][13] - South Korean stocks also fell, with the Kospi down 2.2 percent amid concerns over AI sector profitability [14] European Markets - European stock markets exhibited mixed performance, with the French CAC 40 Index up by 0.1 percent, while the German DAX Index and the U.K.'s FTSE 100 Index were down by 0.3 percent and 0.5 percent, respectively [16] - The U.K. unemployment rate rose slightly to 5.1 percent in the three months to October, with average earnings excluding bonuses growing by 4.6 percent year-over-year [17]

Holcim is buying a majority stake in a building materials producer in Peru, its largest acquisition in Latin America https://t.co/do0UaSlQff ...

Financial Data and Key Metrics Changes - Total revenue for Q2 was $75.1 million, a quarter-over-quarter increase of 7% [19] - Subscription revenue was $70.2 million, a quarter-over-quarter increase of 16.5%, representing 93% of total revenue [19] - Non-GAAP gross profit was $40.9 million, with a non-GAAP gross margin of 54% [21] - Non-GAAP operating loss for the quarter was $42.2 million, and non-GAAP net loss was $34.8 million, equating to $0.25 per share [21] - Free cash flow for the quarter was negative $46.9 million, with $675 million in cash and equivalents at quarter-end [22] Business Line Data and Key Metrics Changes - Bookings increased by 49% sequentially to $86 million, with significant traction in federal business [5][20] - Total bookings across federal, defense, and aerospace increased by 89% year over year, accounting for 45% of total bookings [6] - Professional services revenue was $4.9 million, representing 7% of total revenue [20] Market Data and Key Metrics Changes - The federal market is identified as a large growth vector, with agencies moving towards commercial off-the-shelf solutions [6] - The company signed new agreements with various federal agencies, including the U.S. Department of Health and Human Services and the U.S. Department of Defense [6][7] Company Strategy and Development Direction - The company aims to return to rapid growth and a path towards free cash flow positive and non-GAAP profitability [14] - Focus on driving sales execution and doubling down on products and industries where the company has demonstrable leadership [15] - The product roadmap includes innovations like C3.ai Agentic Process Automation, which expands the scope of what customers can accomplish [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges from a government shutdown but remains optimistic about the demand for enterprise AI [5][30] - The management team is focused on delivering economic value quickly to convert opportunities into agreements [27][36] - The company is benefiting from trends such as the push for AI adoption and the reindustrialization of the maritime industrial base [34] Other Important Information - The company has established a detailed financial model and operational objectives to facilitate growth [17][18] - The partner ecosystem is crucial, with 89% of bookings in Q2 closed through partnerships [10] Q&A Session Summary Question: Explanation for the decline in business performance - Management attributed the decline to poor sales execution and acknowledged that demand for enterprise AI is accelerating [26] Question: Clarification on revenue from demo licenses - The revenue of $21.9 million was from demo licenses [31] Question: Outlook for professional services revenue mix - Long-term expectations for professional services mix remain between 10%-20% of revenue [32] Question: Future outlook for federal business - The federal business is expected to be a durable growth engine, driven by government trends towards commercial solutions and AI adoption [33] Question: Initiatives for better growth and accountability - Management emphasized the importance of rigorous evaluation and delivery of value to drive growth [36]

Core Viewpoint - Holcim is expanding its operations by acquiring three companies in Britain, France, and Germany that specialize in using recycled demolition materials, reflecting its commitment to sustainability and innovation in the cement industry [1] Company Summary - The acquisitions are part of Holcim's strategy to enhance its portfolio in the recycling sector, which is increasingly important for reducing environmental impact and promoting circular economy practices [1] - This move aligns with Holcim's broader goals of increasing the use of sustainable materials in construction and reducing carbon emissions associated with cement production [1] Industry Summary - The cement industry is witnessing a shift towards sustainability, with companies increasingly focusing on recycling and the use of alternative materials to meet regulatory requirements and consumer demand for greener products [1] - The trend of acquiring companies that specialize in recycled materials indicates a growing recognition of the importance of sustainability in the construction sector, which is likely to influence future investment and operational strategies across the industry [1]