Cementos Pacasmayo S.A.A. Q2 2026 Earnings: Revenue and Profit Surge on Strong Demand

Cementos Pacasmayo S.A.A. (NYSE:CPAC) reported strong Q2 2026 results, with revenue rising 15.4% to PEN 558.9 million and sales volume up 15.5%, driven by robust demand in Peru's self-construction market and higher bagged cement sales. Profitability outpaced revenue growth: EBITDA surged 34.3% to PEN 174.8 million, EBITDA margin expanded to 31.3%, and net income jumped about 61% to roughly PEN 77 million. Management attributed the performance to operational efficiencies, a shift toward higher-margin concrete solutions, and solid commercial strategy. First-half revenue reached PEN 1.11 billion, up 13.3%, with EBITDA up 33.1% to PEN 352.7 million. The cement business remained the main driver, accounting for 86.3% of quarterly shipments, though cement gross margin slipped slightly due to higher coal prices and imported clinker use. Management expressed optimism about future growth from Holcim-related synergies, sustainable concrete margins, and infrastructure and El Niño-related projects, while maintaining annual sustaining capex near PEN 100 million.