Alpek B. de C.V.

Alpek SAB de CV (A) reported a loss per share of 0.54 MXN for the most recent quarter, compared with 0.080 MXN a year earlier. Revenue fell to 29.76 billion MXN, 15.02% below last year’s 35.02 billion MXN. Analysts had expected a loss per share of 0.064 MXN and revenue of 29.51 billion MXN, so revenue was slightly above estimates but the result was markedly weaker. » Altro su finanzen.net

Alpek reported comparable EBITDA of $137 million for Q3 2025, up 10% sequentially but down 37% year-on-year. The polyester segment benefited from an improved product mix and higher cost efficiency, while the plastics & chemicals segment was weighed down by a less favorable mix. Operating free cash flow rose to $68 million and net debt was reduced, though leverage remained at 4.0x (pro-forma 3.7x). Alpek revised its full-year comparable EBITDA outlook to $500 million, expects potential relief from US import duties on PET, but anticipates seasonally weaker demand in Q4. » Altro su de.investing.com

Fitch has cut Alpek’s outlook from stable to negative but affirmed the long-term rating at BBB-. The agency cited persistent pressure on profitability, an expected breach of the net debt to EBITDA ratio in 2025–2026, and structurally lower margins due to an oversupply of paraxylene and 10% US tariffs. Alpek plans cost reductions and expects positive free cash flow assuming no dividend payments. The spin-off from majority shareholder Alfa S.A.B. de C.V. is expected to be completed in 2025 and, according to Fitch, does not directly affect the ratings. » Altro su de.investing.com