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Ferreycorp (FERREYC1) investor relations material
Ferreycorp Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved robust growth in 2025, with stock price up 33% and total shareholder return of 46.8%, supported by strong performance in Caterpillar equipment and expanding mining rental fleet.
Fourth quarter 2025 sales reached S/1,946 million (US$569 million), up 8.5% in dollars but down 1.5% in soles year-over-year, driven by Caterpillar and allied equipment sales.
Declared two interim cash dividends of S/100 million each in 2025, with a 3.06% yield and payments in January and November.
Financial highlights
Full-year 2025 consolidated sales were S/7.8 billion (US$2.18 billion), up 3% in soles and 8% in dollars year-over-year.
Q4 2025 sales were S/1.95 billion, with CAT equipment segments growing 73% (underground mining) and 17% (construction).
Adjusted gross margin for 2025 was 24.7%, down from 26% last year; Q4 adjusted margin at 23.5%.
Adjusted operating profit for 2025 was S/762 million, down 10% year-over-year; Q4 operating profit was S/131 million.
Adjusted EBITDA for 2025 was S/1.07 billion, a 5% decline; Q4 adjusted EBITDA was S/272 million.
Net profit for 2025 was S/481 million, a 2% decrease year-over-year; Q4 net profit was S/102 million.
Outlook and guidance
Expecting slow growth in 2026, with sales volumes similar to 2025, driven by brownfield mining and infrastructure projects.
CapEx guidance for 2026 is $130 million, focused on mining rental fleet and shop improvements.
Continued focus on efficiency strategies, SG&A optimization, and cost reduction to protect margins.
Management notes FX gains in 2025 may lead to lower gross margins in future quarters as inventory is sold at lower exchange rates.
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