Votorantim Cimentos, a Brazil-based multinational building materials and sustainable solutions company, ended the third quarter of 2026 with global net revenue of R$8.5 billion, a 1% increase, excluding the effect of changes in foreign exchange rates, compared to the same period of the previous year.
The quarter’s results reflect the resilience of a geographically diversified portfolio and price increases below high cost inflation, which exceeded the official inflation rates in each of the main markets where the company operates, and negative climate-related effects in the period. Between July and September of this year, global cement sales totaled 10.7 million tonnes, a 1% increase compared to the third quarter of 2025.
In North America, net revenue totaled R$2.7 billion, stable in local currency, with price and volume trends on par with the same period of the previous year, despite a challenging market environment and unfavorable weather conditions.
As part of its decarbonization and sustainability agenda, in North America, the company made progress toward energy resilience and reduced dependence on the power grid by implementing a 50 MWh battery energy storage system (BESS) in Bowmanville, Canada. The system will enable the company to optimize electricity consumption and reduce the demand from the grid at peak times, strengthening the site’s energy resilience.
In Latin America, net revenue totaled R$247 million in the third quarter of 2026, down 22% in local currency compared to the third quarter of 2025. This result reflects lower volumes and prices in Bolivia, amid a challenging macroeconomic environment, in addition to the impact of the country’s adoption of a flexible exchange rate regime. In Uruguay, revenue remained stable.
“We remained focused on our strategic mandate amid high geopolitical volatility, inflation and greater pressure on operating costs and global logistics chains. This performance demonstrates that the geographic and product diversification of our portfolio, combined with our long-standing discipline in capital allocation and financial robustness, prepares us to face the current volatility and rising cost inflation,” said Osvaldo Ayres, global CEO of Votorantim Cimentos.
Votorantim Cimentos’ total investments (Capex) in the quarter amounted to R$877 million, an increase of 6% compared to the third quarter of 2025. Of the total invested, 74% was allocated to sustaining and modernization projects and other initiatives, while 26% was directed to expansion projects, in line with the disciplined growth and strengthened structural competitiveness strategy.
“We have once again demonstrated our non-negotiable financial discipline by reducing leverage, which remains within parameters considered adequate for our risk profile and investment-grade metrics. In addition, as part of proactive liability management, in October and November we completed new fundraising transactions that demonstrate the market’s confidence in our operations and expand access to competitive capital to continue supporting the company’s modernization and strategic liquidity agenda,” said Antonio Pelicano, global CFO of Votorantim Cimentos.