Votorantim Cimentos ended the second quarter of 2025 with growth in net revenue, profit and operating results, driven by higher sales volumes and positive pricing dynamics, supported by geographic and product diversification.
The company posted R$7.5 billion in global net revenue in the second quarter of 2025, up 5% compared to the same period last year, excluding the effects of changes in foreign exchange rates. This result reflects the positive dynamics in both sales volume and pricing across the company’s established portfolio.
Votorantim Cimentos’ global cement sales totaled 9.3 million tonnes in the second quarter, a 3% increase compared to the same period in 2024. Net profit for the quarter was R$1.8 billion, up 250% compared to R$515 million posted in the prior-year period.
“We ended the second quarter with solid results, supported by our business diversification and portfolio balance between developed and emerging markets. In line with our strategic mandate, we continued to make investments in competitiveness, decarbonization and new businesses, enabled by our robust financial discipline, despite an environment that was volatile and required a cautious approach,” said Osvaldo Ayres, global CEO of Votorantim Cimentos.
In North America, net revenue in the second quarter was R$2.4 billion, up 3% compared to the prior-year period, excluding the effects of changes in exchange rates. Positive pricing dynamics offset the market slowdown resulting from climate-related factors and the macroeconomic environment, especially in Canada. Adjusted EBITDA for the region in the period was R$728 million, a 10% increase in local currency compared to the second quarter of 2024. The growth resulted from higher net revenue, combined with lower variable costs, as well as additional profits from the recent acquisition of concrete and aggregates businesses.
In Latin America, net revenue in the second quarter of 2025 was up 20% in local currency compared to the same period in 2024, totaling R$284 million, driven by improved market dynamics in Bolivia and Uruguay. The region ended the quarter with adjusted EBITDA of R$61 million, 92% higher than the second quarter of 2024, excluding the effects of changes in exchange rates, with an increase in margins.
Meanwhile, in Brazil, Votorantim Cimentos’ net revenue in the second quarter of 2025 was R$3.5 billion, an 8% increase compared to the same period in 2024, primarily due to positive sales volume and pricing dynamics. Adjusted EBITDA was R$555 million, down 2% compared to the prior-year period, primarily due to an increase in variable costs, which was partially offset by the increase in net revenue.
