Usinas Siderurgicas de Minas ( (USNZY) ) has released its Q2 earnings. Here is a breakdown of the information Usinas Siderurgicas de Minas presented to its investors.
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Usinas Siderurgicas de Minas, commonly known as Usiminas, is a leading Brazilian steel manufacturer operating primarily in the steel and mining sectors, known for its significant role in the domestic and export markets.
In its latest earnings report for the second quarter of 2025, Usiminas reported a mixed financial performance, with notable declines in key profitability metrics. Despite a slight increase in iron ore sales, the company faced challenges in maintaining its profit margins.
The company’s net profit for the quarter stood at R$128 million, marking a significant 62% decline from the previous quarter. Adjusted EBITDA also saw a substantial drop of 44% to R$408 million, reflecting a challenging market environment. However, the company managed to reduce its net debt by 24% to R$1.0 billion, showcasing effective debt management.
Usiminas’ net revenue decreased by 3% compared to the previous quarter, although it showed a 4% increase year-over-year. The company’s leverage ratio improved, with a net debt to adjusted EBITDA ratio of 0.50x, down from 0.71x in the previous quarter, indicating stronger financial stability.
Looking ahead, Usiminas’ management remains focused on optimizing operational efficiencies and exploring strategic opportunities to enhance profitability, while navigating the dynamic market conditions in the steel industry.