Votorantim Cimentos ended the first quarter of 2025 with global net revenue of R$5.6 billion, up 1% compared to the same period last year, excluding the effects of changes in foreign exchange rates. The result was driven by higher sales volume and geographic diversification, with positive price dynamics in most countries.
In the first quarter, the company’s global cement sales totaled 7.7 million tonnes, up 2% compared to the first quarter of 2024. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was R$598 million in the first three months of 2025, down 14% in local currency compared to the same period in 2024, due to weather-related factors in North America and plant maintenance schedules.
“We ended the quarter with an increase in net revenue, due to the growth in sales volume and our geographic diversification strategy. Our financial strength and discipline in capital allocation have enabled us to navigate this volatile global environment. At the same time, we continued to maintain our focus on the long term through our program of investments in capacity expansion, structural competitiveness and acceleration of new businesses,” said Osvaldo Ayres, global CEO of Votorantim Cimentos.
In North America, net revenue totaled R$1.2 billion in the first three months of the year, down 9% compared to the same period in 2024, excluding changes in exchange rates. Revenue was impacted by the market slowdown resulting from a more intense winter, which was partially mitigated by positive price dynamics. Adjusted EBITDA for the region was negative R$136 million in the period, compared to negative R$18 million in the first quarter of 2024, resulting primarily from harsher winter conditions, in addition to plant maintenance schedules.
