Cemex reports strong net income growth and rapid execution of its transformation strategy in the second quarter of 2025. The company has raised its 2025 EBITDA savings target under Project Cutting Edge to US$200 million, up from US$150 million previously, reflecting faster progress in organisational streamlining and cost reduction. Cemex now expects to reach a run rate of US$400 million in savings by 2027. Included in these estimates are approximately $200 million of corporate headcount reduction, on an annualised basis.
Net income reached US$318 million for the second quarter of 2025, with net sales of US$4.1 billion and EBITDA of US$823 million. Consolidated EBITDA margin remained resilient at 20%, with relatively stable to improved performance in three of Cemex’s four regions, supported mainly by higher pricing and lower costs. The EMEA region posted its highest first-half EBITDA in recent history, driven by continued recovery, margin expansion, and favourable pricing trends.
“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.”
In Mexico, results for the quarter continued to be challenged by the difficult comparison with the prior year, driven by pre-election social and infrastructure spending, as well as the first year of a new administration. The company expects volumes to improve in the second half of 2025 as the difficult prior-year comparison base is lapped, and the current government accelerates its infrastructure and social housing plans.
Cemex provided full-year EBITDA guidance for flat performance vs. 2024 with potential upside. The company expects free cash flow to accelerate in the second half, driven by improved profitability and the seasonal recovery of working capital investments.
