Luxembourg-based Ternium (NYSE:TX) reported a resilient fourth-quarter performance to close out a year of record-high investment, as the steelmaker positions its North American operations to capitalize on "nearshoring" trends in the automotive and industrial sectors.
The company posted fourth-quarter adjusted EBITDA of $395 million, a slight sequential decrease from the third quarter.
Management attributed the dip to lower realized steel prices across its primary markets, though the impact was significantly mitigated by lower raw material costs and ongoing efficiency gains.
For the full year 2025, Ternium generated adjusted EBITDA of $1.5 billion, maintaining a 10 percent margin despite a volatile pricing environment.
Net income for the fourth quarter stood at $171 million, bringing the full-year total to $303 million.
The annual result was notably impacted by non-cash charges, including a $405 million write-down related to deferred tax assets at its Brazilian subsidiary, Usiminas, and $117 million in provisions for ongoing litigation.