Votorantim Cimentos ended the first quarter of 2026 with global net revenue of R$6.3 billion ($1.24 billion), a 15% increase, excluding the effect of changes in foreign exchange rates, compared to the same period of the previous year.
This positive performance reflected favorable operational dynamics resulting from the geographic diversification of the company’s operations, with growth in volumes and prices. Votorantim Cimentos’ global cement sales in the first quarter totaled 8 million tonnes, a 4% increase compared to the first quarter of 2025.
Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) totaled R$762 million ($150.6 million) in the first three months of 2026, up 25% in local currency compared to the same period in 2025, with an EBITDA margin of 12%, a 1 percentage point increase over the first quarter 2025. This performance was sustained by growth in net revenue during the period.
Net income for the period, although negative at R$154 million ($30.3 million) due to seasonal factors, grew 53% compared to the first quarter of 2025. This improvement reflects primarily the strong increase in adjusted EBITDA, driven by the company’s better operational performance.
“We finished the first quarter with solid operational and financial performance, posting consistent growth in a period when the sector was affected by seasonal factors. We made steady progress regarding our investments focused on structural competitiveness, capacity expansion, decarbonization and new businesses,” said Osvaldo Ayres, global CEO, Votorantim Cimentos. “In the quarter in which we celebrated our 90th anniversary, we remained firmly committed to the execution of our strategic mandate.”
In North America, net revenue in the quarter totaled R$1.1 billion ($216.8 million), on par with the first quarter 2025 (+1%), excluding the effect of changes in foreign exchange rates. This demonstrated the company’s resilience in the context of lower market demand brought by less favorable weather conditions, which commonly affects performance during the winter, compared to the same period last year. Adjusted EBITDA was negative R$229 million ($45.1 million), compared to negative R$136 million ($26.8 million) in the same period of the previous year. This variation reflects primarily the absence of positive one-off factors recorded in the comparison base, in addition to the timing of operational shutdowns for plant maintenance.
