Cementos Pacasmayo (NYSE:CPAC), the dominant building materials provider in northern Peru, reported a net loss for the fourth quarter of 2025 as one-time strategic expenses overshadowed a healthy rise in operational demand.
The company posted a net loss of $5.3 million (6 cents per diluted share), compared to a profit in the same period last year.
The quarterly loss was primarily driven by transaction-related expenses linked to the December 2025 announcement that Swiss building materials giant Holcim signed an agreement to acquire a 50.01% controlling stake in the company from the Hochschild Group.
Excluding these non-recurring costs, Pacasmayo noted that net income would have shown a double-digit percentage increase.
Despite the bottom-line pressure, revenue for the quarter rose to $165.3 million, supported by an 8.2% increase in sales volumes for cement, concrete, and precast products.
Demand was particularly resilient in the "bagged cement" segment and was bolstered by several large-scale infrastructure projects in the northern region of Peru.
For the full year 2025, the company maintained its profitability, reporting a net income of $43.3 million (51 cents per share) on total revenue of $593.9 million.
Operational efficiency also remained a highlight, with consolidated EBITDA (excluding transaction costs) rising 11.4% for the quarter to approximately S/ 158.7 million.
Meanwhile, the Holcim acquisition, which values the controlling stake at approximately $1.5 billion, is expected to close in the first half of 2026, subject to regulatory approvals.
Analysts expect the partnership to accelerate Pacasmayo's shift toward sustainable building solutions and provide the capital needed for further expansion into the "mobility and infrastructure" ecosystem of Peru.