Cementos Pacasmayo SAA (EPCC) Q3 2026 Earnings Report
DE:EPCC Q3 2026 EPS Results
- Actual EPS
- EUR 0.36
- Consensus EPS
- EUR 0.14
- Beat/Miss
- Beat by +EUR 0.23
- One Year Ago EPS
- EUR 0.10
DE:EPCC Q3 2026 Revenue Results
- Actual Revenue
- EUR 176.11M
- Expected Revenue
- EUR 162.76M
- Beat/Miss
- Beat by +EUR 13.35M
- YoY Revenue Growth
- +21.49%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/27/2026
- Time
- Before Open
- Conference Call
- Tuesday, October 27, 2026
Cementos Pacasmayo SAA's next earnings date is estimated for February 12, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, with robust volume and revenue growth, substantial EBITDA and net income expansion, improved margins, segment-level progress, a healthy balance sheet, and notable operational and community achievements. The main challenges were the decline in concrete, pavement and mortar revenue after project completions, higher selling expenses, the absence of realized Holcim synergies so far, and uncertainty related to El Nino and unresolved corporate actions.
Management said that next year, “we will see a growth of approximately 4% of volumes,” although “it’s all going to depend on the strength of El Nino.” Management also said synergies with Holcim are “still in a very early stages,” with “no reflection really of any synergies in our results,” that the Board of Directors had not adopted any decision regarding dividend distribution, and that there was “no plan for buyback at this point”; regarding the tender offer, it was launched last week and “will last until November 20.”
- Strong Volume and Revenue GrowthSales volume of cement, concrete and precast increased 14.2% in the third quarter of 2026, driven particularly by bulk cement for mining infrastructure works and bagged cement for self-construction. Revenue rose 16.3% to PEN 667.4 million, while first-nine-month revenue increased 14.4% to PEN 1,781.9 million.
- Significant EBITDA ExpansionConsolidated EBITDA increased 45.1% to PEN 233.1 million in the third quarter, and rose 37.7% to PEN 585.8 million for the first nine months. The quarterly EBITDA margin expanded by 7 percentage points to 34.9%, supported by top-line growth, higher selling prices, lower electricity rates under the new long-term energy contract, and a lower clinker factor.
- Net Income GrowthConsolidated net income increased 69.8% in the third quarter to approximately PEN 121 million, or PEN 121.4 million as described earlier in the call, with the growth attributed directly to higher operating profit.
- Gross Profit ImprovementQuarterly gross profit increased 33.7% to PEN 299.4 million, mainly due to improved selling prices and a better cost structure.
- Lower Administrative ExpensesAdministrative expenses decreased 6.9% in the third quarter to PEN 71.2 million and declined 5.1% for the first nine months, mainly due to lower personnel expenses and a lower collective bargaining bonus compared with last year.
- Cement Segment PerformanceCement revenue grew 21.3% to PEN 571.6 million in the third quarter. The cement gross margin expanded by 2 percentage points to 50%, supported by the new energy contract and cost efficiencies from a lower clinker factor.
- Precast Segment GrowthPrecast revenue rose 23.1% to PEN 11.3 million, primarily due to stronger demand for concrete pavers for public and private projects in Piura, Trujillo and Chiclayo. Gross margin expanded by 5.1 percentage points to 16.1%, reflecting higher sales volumes and lower cost of sales per ton.
- Specialized Construction SolutionsPacasmayo secured an additional 4.4 kilometers of concrete sheet piles for the ongoing Piura River Defense project. The company highlighted these solutions for faster project delivery, high precision, control of the construction process and reliability in aggressive environments.
- Construye Experto Ecosystem ExpansionThe Construye Experto digital ecosystem grew to more than 5,000 foremen, who have access to benefits and learning opportunities. Monthly accumulation of Construye Puntos increased 157%.
- Corporate Reputation LeadershipPacasmayo reached ninth place nationwide in the Merco ranking and maintained its position as the cement-sector leader for 11 uninterrupted years.
- Community Impact on Childhood AnemiaPacasmayo won the first Socios En Salud 2026 Award for Juntos contra la Anemia. The initiative reduced childhood anemia prevalence in the district of Elias Soplin from 17% to 9%.
- Concrete, Pavement and Mortar Margin ImprovementAlthough revenue declined in the concrete, pavement and mortar segment, gross margin expanded by 21 percentage points to 19.8%, driven by a disciplined commercial strategy focused on profitability and cost savings following completion of the Piura Airport project.
- Healthy Balance SheetNet debt-to-EBITDA reached 2x as of September 30, 2026.
- Expected 2027 Volume GrowthManagement expects cement volumes to grow approximately 4% next year, while noting that the outcome will depend on the strength of El Nino.
- Strategic Progress Alongside HolcimManagement expressed confidence in the company's strategic momentum and operational strength alongside Holcim, stating that the journey is just beginning and that Holcim will bring value to the company and Peru.
DE:EPCC Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 12, 2027 | 2026 (Q4) | 0.13- | -0.05 | ― | ― |
| Oct 27, 2026 | 2026 (Q3) | 0.140.36 | 0.1 | 275.93% (+0.27) | |
| Jul 20, 2026 | 2026 (Q2) | 0.100.24 | 0.14 | 71.43% (+0.10) | |
| Apr 29, 2026 | 2026 (Q1) | 0.100.24 | 0.15 | 65.24% (+0.10) | |
| Feb 12, 2026 | 2025 (Q4) | 0.07-0.05 | 0.14 | -138.46% (-0.19) | |
| Oct 28, 2025 | 2025 (Q3) | 0.070.10 | 0.14 | -32.08% (-0.05) | |
| Jul 22, 2025 | 2025 (Q2) | 0.020.14 | 0.11 | 28.33% (+0.03) | |
| Apr 29, 2025 | 2025 (Q1) | 0.020.15 | 0.14 | 7.19% (+0.01) | |
| Feb 14, 2025 | 2024 (Q4) | 0.160.14 | 0.1 | 40.54% (+0.04) | |
| Oct 29, 2024 | 2024 (Q3) | 0.180.14 | 0.12 | 23.26% (+0.03) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.