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Cementos Pacasmayo Posts Record Underlying 2025 Results as Holcim Moves to Take Control

Story Highlights
  • Holcim agreed in December 2025 to buy the 50.01% controlling stake in Cementos Pacasmayo, valuing the Peruvian cement producer at S/5.1 billion and signaling strong confidence in its long-term strategy and local construction market.
  • For 4Q25 and full year 2025, Cementos Pacasmayo delivered higher volumes, revenues and record underlying EBITDA, but one-off expenses tied to the Holcim deal sharply reduced reported earnings and produced a quarterly net loss despite solid operating momentum.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cementos Pacasmayo Posts Record Underlying 2025 Results as Holcim Moves to Take Control

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Cementos Pacasmayo SAA ( (CPAC) ) has issued an announcement.

On December 16, 2025, Cementos Pacasmayo reached a key milestone when Holcim agreed to acquire Inversiones Aspi S.A., which controls 50.01% of the company, valuing Pacasmayo at S/5.1 billion, with closing subject to regulatory approvals expected in the first half of 2026. The deal underscores a strategic endorsement by a global cement leader, potentially reshaping Pacasmayo’s ownership structure and positioning while signaling confidence in Peru’s construction market.

For the fourth quarter and full year 2025, reported on February 12, 2026, Pacasmayo posted solid operating growth, with cement, concrete and precast volumes up 8.2% in 4Q25 and 7.2% for 2025, and revenues up 6.2% and 7.0%, respectively, versus the prior periods. Excluding one-off expenses linked to the Holcim transaction, EBITDA rose 11.4% in the quarter and 6.4% for the year to record levels, though these non-recurring costs dragged reported 4Q25 EBITDA and net income into sharp decline, resulting in a quarterly net loss despite stronger underlying margins and demand.

Management highlighted robust bagged cement demand and infrastructure activity in northern Peru, improved gross margins, and record employee engagement scores as evidence of a healthy underlying franchise. The combination of solid fundamentals, progress on decarbonization efforts and the incoming Holcim majority owner suggests potential for strategic support and scale benefits, but investors will be watching regulatory approval and the integration process closely.

The most recent analyst rating on (CPAC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Cementos Pacasmayo SAA stock, see the CPAC Stock Forecast page.

Spark’s Take on CPAC Stock

According to Spark, TipRanks’ AI Analyst, CPAC is a Outperform.

Cementos Pacasmayo SAA’s strong financial performance and positive earnings call are the most significant factors driving the stock score. The company’s profitability and reduced leverage are commendable, while the earnings call highlighted growth in sales and profitability. However, technical indicators suggest caution due to overbought conditions, and the decline in free cash flow growth requires attention.

To see Spark’s full report on CPAC stock, click here.

More about Cementos Pacasmayo SAA

Cementos Pacasmayo S.A.A., listed in New York and Lima, is a leading Peruvian cement producer focused on supplying cement, concrete and precast products to the construction sector, particularly in northern Peru. The company’s performance is closely tied to regional demand drivers such as agriculture, fishing and infrastructure projects, and it emphasizes operational efficiency, sustainability and employee engagement.

Average Trading Volume: 85,606

Technical Sentiment Signal: Buy

Current Market Cap: $986.2M

Learn more about CPAC stock on TipRanks’ Stock Analysis page.

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