Ternium SA (TX)

Shareholders Approve all Resolutions on the Agenda of Ternium's Annual General MeetingMay 12, 2026 4:15 PM
ACCESS NewswireLUXEMBOURG, LU / ACCESS Newswire / May 12, 2026 / Ternium S.A. (NYSE:TX) announced that its annual general meeting of shareholders held on May 12, 2026 approved all resolutions on its agenda.Among other resolutions adopted, the shareholders approved the consolidated financial statements and unconsolidated annual accounts for the year ended December 31, 2025, and the proposed annual dividend of $2.20 per ADS ($0.22 per share). The annual dividend includes the interim dividend of $0.90 per ADS ($0.09 per share) paid in November 2025. A net dividend of $1.30 per ADS ($0.13 per share) will be paid on May 15, 2026, to all shareholders of record as of May 14, 2026.The annual general meeting resolved to maintain the number of directors at eight and approved the re-election of Mr. Roberto Bonatti, Mr. Vincent Robert Gilles Decalf, Ms. Gioia María Ghezzi, Ms. Lorenza Martínez Trigueros, Ms. Alicia Lucía Móndolo, Mr. Daniel Agustin Novegil, Mr. Gianfelice Mario Rocca and Mr. Paolo Rocca to the Board of Directors. All board members will hold office until the meeting that will be convened to decide on the 2026 accounts. The meeting also appointed PricewaterhouseCoopers Assurance, Société coopérative, as Ternium's independent auditors for the fiscal year ending December 31, 2026.The board of directors subsequently re-appointed Mr. Paolo Rocca as its chairman, Mr. Daniel Agustín Novegil as vice-chairman and Mr. Máximo Vedoya as Ternium's chief executive officer. The board of directors also confirmed and re-appointed Mr. Vincent Robert Gilles Decalf, Ms. Gioia Ghezzi and Ms. Lorenza Martinez Trigueros as members of Ternium's audit committee, with Mr. Decalf to continue to chair the committee. All three members of the audit committee qualify as independent directors under the Company's articles of association.For a summary of the resolutions adopted at the meeting, please see the report on Form 6-K submitted to the U.S. Securities and Exchange Commission, available at www.sec.gov.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.comSOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Shareholders Approve all Resolutions on the Agenda of Ternium's Annual General Meeting

Ternium Announces First Quarter of 2026 ResultsMay 5, 2026 4:15 PM
ACCESS NewswireLUXEMBOURG / ACCESS Newswire / May 5, 2026 / Ternium S.A. (NYSE:TX) today announced its results for the first quarter ended March 31, 2026.The financial information contained in this press release is based on Ternium S.A.'s consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS). Interim financial figures are unaudited. The financial and operational information is presented in U.S. Dollars ($) and metric tons, except otherwise indicated. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Free Cash Flow and Net Cash. The reconciliation of these figures to the most directly comparable IFRS measures is included in Exhibit I.First Quarter of 2026 Highlights Note: Figures compared to fourth quarter of 2025.Summary of First Quarter of 2026 Note: Each American Depositary Share, or ADS, represents 10 shares of Ternium's common stock. Results are based on a weighted average number of shares of common stock outstanding (net of treasury shares) of 1,963,076,776.First Quarter of 2026 HighlightsTernium's Adjusted EBITDA increased sequentially by 21% in the first quarter of 2026, to $479 million. This improvement was primarily driven by higher realized steel prices across the company's main steel markets, partially offset by higher raw material and purchased slab costs. Sales volumes in Mexico gathered pace, supported by better fundamentals in the commercial market. In Brazil, the steel business climate has improved, following the trade measures introduced by the government to promote a balanced competitive environment. Meanwhile, demand in the Southern Region eased, reflecting both a slowdown in Argentina's economic activity and seasonal consumption patterns.Ternium's net income in the first quarter of 2026 reached $372 million. This result includes deferred tax gains amounting to $132 million and a $48 million loss stemming from the quarterly update of the value of a provision for ongoing litigation related to the acquisition of a participation in Usiminas in 2012.Ternium invested $406 million in the first quarter of 2026, primarily for the expansion of its industrial center in Pesquería, Mexico. The company completed the downstream expansion of the facility and advanced as planned with the ramp-up of a new cold-rolling mill and a new galvanizing line, while also progressing with its upstream expansion program. In this regard, Ternium expects to commence operations in the new steel shop by the end of the year. In addition, the company finalized the previously announced acquisition of 153.1 million ordinary shares of Usiminas from Nippon Steel Corporation and Mitsubishi Corporation for a total consideration of $315 million.Cash flow from operating activities amounted to $217 million after a $233 million increase in working capital, mostly related to higher trade receivables. Furthermore, Ternium received $150 million from Techgen, a power producer in which it holds a non-controlling interest, following the full repayment and cancellation of its loan.The company's net cash position stood at $327 million at the end of March 2026, compared to $712 million at the end of December 2025.OutlookTernium expects Adjusted EBITDA to increase in the second quarter of 2026 compared to the first quarter, driven by higher shipments and improved margins. Shipments are expected to rise primarily in Mexico and Argentina. Higher revenue per ton, especially in Mexico and Brazil, is anticipated to support the increase in Adjusted EBITDA margin, while higher costs per ton across Ternium's markets should partially offset these gains.In Mexico, the company expects continued growth in commercial market shipments during the second quarter of 2026, as a significant destocking in the value chain throughout 2025 is giving way to a normalization of apparent demand. In addition, several infrastructure projects are beginning to progress and could contribute additional demand in the coming quarters.In Brazil, steel consumption remains broadly stable, with resilience in the automotive sector offset by weaker demand in agribusiness-related industries. The government has taken initial measures to defend the local industry against unfair trade, including antidumping duties on cold-rolled and coated products. As these measures gain traction and currently elevated inventory levels of imported material normalize, Usiminas' shipments should begin to improve.In Argentina, after an initial recovery in 2025, demand in 2026 is growing unevenly. Mining, energy, and agriculture continue to perform well, while construction is improving slightly but remains soft. Metal-mechanical and home appliance sectors are lagging, affected by weak domestic consumption and increased competition from imports.Analysis of First Quarter of 2026 ResultsConsolidated Net Sales Adjusted EBITDAAdjusted EBITDA in the first quarter of 2026 equals Net Income adjusted to exclude:Depreciation and amortization;Income tax results;Net financial results;Equity in earnings of non-consolidated companies; andProvision for ongoing litigation related to the acquisition of a participation in Usiminas.And adjusted to include the proportional EBITDA in Unigal (70% participation).Adjusted EBITDA margin equals adjusted EBITDA divided by net sales.For more information see Exhibit I - Alternative performance measures - "Adjusted EBITDA". Steel Segment First Quarter of 2026 ResultsThe Steel Segment's net sales increased sequentially in the period mainly as a result of better realized steel prices across Ternium's main steel markets.On a year-over-year basis, net sales were almost unchanged, as higher realized steel prices were offset by a decline in shipments. In Mexico, steel shipments increased, with a significant level of activity in the commercial market as a result of more effective defenses against unfairly traded imports, balanced inventories in the value chain and a seasonal rebound in activity.In Brazil, Usiminas has prioritized profitability over shipment volumes, amid a more volatile scenario for energy and transportation costs. Consequently, steel shipments in the first quarter of 2026 recorded a modest sequential decline.In the Southern Region, demand for steel products has moderated, reflecting slower activity in Argentina's industrial sector. Additionally, steel shipments fell sequentially in the first quarter of 2026 consistent with seasonally weaker activity.In Other Markets, shipments in the first quarter of 2026 remained relatively unchanged sequentially, while they declined year-over-year mainly reflecting lower sales in the US market. The Steel Segment's Cash Operating Income increased by $68 million sequentially in the first quarter of 2026, mainly reflecting an increase in realized steel prices that was partially offset by higher raw material and purchased slab costs.Year-over-year, the Steel Segment's Cash Operating Income increased by $134 million in the quarter, as higher margins were partially offset by lower shipments. The margin expansion was supported by higher realized steel prices and lower unit costs. The year-over-year cost reduction reflected both lower raw material and purchased slab prices, as well as the positive impact of the company's continuous efforts to improve efficiency. Note: For a reconciliation of the Steel Segment's Cash Operating Income and Cash Operating Income per Ton and Margin to the most directly comparable IFRS measures, see Exhibit I - Alternative performance measures - "Cash Operating Income - Steel Segment".Mining Segment First Quarter of 2026 ResultsNet sales in the Mining Segment declined sequentially in the first quarter of 2026 driven by lower sales volumes, amid unusually intense rains affecting operations in Brazil, partially offset by higher revenue per ton.On a year-over-year basis, net sales posted a slight increase, as higher revenue per ton was largely offset by reduced shipment volumes. The Mining Segment's Cash Operating Income increased sequentially and year-over-year in the first quarter of 2026, supported by higher realized iron ore prices. This was partially offset by lower sales volumes and higher unit costs. Note: For a reconciliation of the Mining Segment's Cash Operating Income and Cash Operating Income per Ton and Margin to the most directly comparable IFRS measures, see Exhibit I - Alternative performance measures - "Cash Operating Income - Mining Segment".Net Financial ResultsNet financial results were a gain of $22 million for the first quarter of 2026, primarily driven by the positive performance of Ternium's financial investments and foreign exchange results. Foreign exchange gains were mainly related to the positive effect of the appreciation of the Brazilian Real and the Mexican Peso against the US Dollar on net long local currency positions at Ternium Brasil and Ternium Mexico, respectively. Income Tax ResultsTernium's subsidiaries use the U.S. dollar as their functional currency; as a result, fluctuations between their local currencies and the U.S. dollar lead to the recognition of deferred tax results.The company recorded a deferred tax gain of $132 million in the first quarter of 2026. This was mainly driven by a reduction in the deferred tax position of Ternium Argentina, reflecting the impact of high local inflation and the appreciation of the Argentine Peso against the US Dollar, as well as a decrease in the deferred tax position of Usiminas, primarily due to the appreciation of the Brazilian Real against the US Dollar. Net ResultIn the first quarter of 2026, Ternium's net income amounted to $372 million, including a deferred tax gain of $132 million and a loss of $48 million in connection with the provision for ongoing litigation concerning the acquisition of a participation in Usiminas, on account of interest accruals and the appreciation of the Brazilian Real.Equity Holder's Net Income was $213 million in the period, or $1.09 per ADS, mainly after accounting for the participation of a 62.5% non-controlling interest in Usiminas and a 37.4% non-controlling interest in Ternium Argentina. Cash Flow and LiquidityIn the first quarter of 2026, cash from operations amounted to $217 million. Working capital increased by $233 million reflecting a $174 million net increase in trade and other receivables and a $70 million increase in inventories, partially offset by a $11 million net increase in trade payables and other liabilities.Capital expenditures totaled $406 million, primarily reflecting the progress made in the construction of the new facilities at Ternium's industrial center in Pesquería, Mexico. The company completed the facilities' downstream expansion, with start-up of a new cold rolling mill and a new galvanizing facility, and advanced the construction of a new steel shop. Alongside the development of its capital expenditure program, in the first quarter of 2026 Ternium acquired 153.1 million ordinary shares of Usiminas for a total consideration of $315 million. In addition, the company received $150 million from Techgen in connection with the full repayment and cancellation of its loan. Techgen is a joint venture company in which Ternium participates together with its affiliates Tenaris and Tecpetrol. It supplies electricity to the company's facilities through a 900-megawatt power plant located in Pesquería, Mexico.The company's Net Cash position decreased to $327 million at the end of March 2026, compared to Net Cash position of $712 million as of the end of December 2025. Conference Call and WebcastTernium will host a conference call on May 6, 2026, at 8:00am ET in which management will discuss first quarter of 2026 results. A webcast link will be available in the Investor Center section of the company's website at www.ternium.com.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products, and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.Income Statement$ MILLION 1Q26 4Q25 1Q25 Net sales 3,934 3,775 3,933 Cost of sales (3,247) (3,171) (3,402)Gross profit 687 604 531 Selling, general and administrative expenses (390) (406) (396)Other operating expense, net (7) (39) (3)Operating income 290 159 132 Financial expense (50) (50) (54)Financial income 64 56 68 Other financial income (expense), net 9 (29) 49 Equity in earnings of non-consolidated companies 14 20 16 Provision for ongoing litigation related to the acquisition of a participation in Usiminas (48) (1) (45)Profit before income tax results 279 155 165 Income tax 93 17 (23)Profit for the period 372 171 142 Attributable to: Owners of the parent 213 122 67 Non-controlling interest 159 49 75 Profit for the period 372 171 142 Statement of Financial Position$ MILLION MARCH 31, 2026 DECEMBER 31, 2025 Property, plant and equipment, net
10,709
10,406 Intangible assets, net 1,007 1,002 Investments in non-consolidated companies 590 563 Other investments 0 0 Deferred tax assets 1,216 1,039 Receivables, net 778 804 Trade receivables, net 5 4 Total non-current assets 14,306 13,819 Receivables, net 784 985 Derivative financial instruments 25 43 Inventories, net 4,173 4,094 Trade receivables, net 1,804 1,536 Other investments 1,525 1,600 Cash and cash equivalents 1,617 1,531 Total current assets 9,928 9,788 Non-current assets classified as held for sale 8 8 Total assets 24,242 23,615 Statement of Financial Position (cont.)$ MILLION MARCH 31, 2026 DECEMBER 31, 2025 Capital and reserves attributable to the owners of the parent
12,197
11,944 Non-controlling interest 4,309 4,203 Total equity 16,506 16,148 Provisions 615 586 Deferred tax liabilities 25 24 Non current tax liabilities 15 13 Other liabilities 961 956 Trade payables 1 1 Lease liabilities 146 138 Borrowings 2,199 1,815 Total non-current liabilities 3,963 3,533 Provision for ongoing litigation related to the acquisition of a participation in Usiminas 575 528 Current income tax liabilities 48 39 Other liabilities 403 640 Trade payables 2,078 2,073 Derivative financial instruments 3 1 Lease liabilities 50 49 Borrowings 615 604 Total current liabilities 3,773 3,934 Total liabilities 7,736 7,467 Total equity and liabilities 24,242 23,615 Statement of Cash Flows$ MILLION 1Q26 4Q25 1Q25 Result for the period 372 171 142 Adjustments for: Depreciation and amortization 181 210 184 Income tax accruals less payments (130) (42) (50)Equity in earnings of non-consolidated companies (14) (20) (16)Provision for ongoing litigation related to the acquisition of a participation in Usiminas 48 1 45 Interest accruals less payments / receipts, net (7) (8) 9 Changes in provisions 1 (6) 3 Changes in working capital (233) 135 (55)Net foreign exchange results and others 0 68 (56)Impairment of Las Encinas' mining assets - 19 - Net cash provided by operating activities 217 528 207 Capital expenditures and advances to suppliers for PP&E (406) (463) (518)Decrease (increase) in other investments 88 (48) 243 Proceeds from the sale of property, plant & equipment 1 0 1 Dividends received from non-consolidated companies 1 28 1 Recovery of loans from non-consolidated companies 150 - - Acquisition of additional participation in Usiminas (315) - - Acquisition of business - purchase consideration (24) - - Acquisition of business - cash acquired 4 - - Repayment of additional paid in capital - (5) - Net cash used in investing activities (502) (488) (273)Dividends paid in cash to company's shareholders - (177) - Dividends paid in cash to non-controlling interest (6) (7) - Finance lease payments (14) (14) (20)Proceeds from borrowings 406 461 573 Repayments of borrowings (39) (78) (385)Net cash provided by financing activities 346 186 167 Increase in cash and cash equivalents 61 226 101 Exhibit I - Alternative Performance MeasuresThese non-IFRS measures should not be considered in isolation of, or as a substitute for, measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have a standardized meaning under IFRS and, therefore, may not correspond to similar non-IFRS financial measures reported by other companies.Adjusted EBITDA$ MILLION 1Q26 4Q25 1Q25 Net income 372 171 142 Adjusted to exclude: Depreciation and amortization 181 210 184 Income tax (93) (17) 23 Net financial results (22) 24 (63)Equity in earnings of non-consolidated companies (14) (20) (16)Provision for ongoing litigation related to the acquisition of a participation in Usiminas 48 1 45 Impairment of Las Encinas' mining assets - 19 - Adjusted to include: Proportional EBITDA in Unigal (70%participation) 8 7 6 Adjusted EBITDA 479 395 322 Divided by: net sales 3,934 3,775 3,933 Adjusted EBITDA Margin (%) 12% 10% 8%Exhibit I - Alternative Performance Measures (cont.)Cash Operating Income - Steel Segment$ MILLION 1Q26 4Q25 1Q25 Operating Income - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates) 272 202 244 Plus/minus differences in cost of sales (IFRS) (18) (18) (116)Excluding depreciation and amortization 148 150 142 Including proportional EBITDA in Unigal(70% participation) 8 7 6 Cash Operating Income 410 342 276 Divided by: steel shipments (thousand tons) 3,709 3,727 3,857 Cash Operating Income per Ton - Steel 111 92 72 Divided by: steel net sales 3,814 3,624 3,801 Cash Operating Income Margin - Steel (%) 11% 9% 7%Cash Operating Income - Mining Segment$ MILLION 1Q26 4Q25 1Q25
Operating Result - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates)
(25)
(66)
(2) Plus/minus differences in cost of sales (IFRS) 53 35 17 Excluding depreciation and amortization 33 60 42 Impairment of Las Encinas' mining assets - 19 - Cash Operating Income 61 48 57 Divided by: mining shipments (thousand tons) 2,826 3,361 3,059 Cash Operating Income per Ton - Mining 22 14 18 Divided by: mining net sales 284 309 280 Cash Operating Income Margin - Mining (%) 22% 16% 20%Exhibit I - Alternative Performance Measures (cont.)Free Cash Flow$ MILLION 1Q26 4Q25 1Q25 Net cash provided by operating activities 217 528 207 Less: capital expenditures and advances to suppliers for PP&E (406) (463) (518)Free Cash Flow (189) 65 (311)Net Cash$ BILLION MARCH 31,
2026 DECEMBER 31, 2025 MARCH 31,
2025 Cash and cash equivalents 1.6 1.5 1.8 Plus: other investments (current and non-current) 1.5 1.6 1.9 Less: borrowings (current and non-current) (2.8) (2.4) (2.5)Net Cash 0.3 0.7 1.3 Note: Ternium Argentina's consolidated position of cash and cash equivalents and other investments amounted to $0.8 billion as of March 31, 2026, $0.8 billion as of December 31, 2025, and $1.1 billion as of March 31, 2025.Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.comSOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Ternium Announces First Quarter of 2026 Results

Revision of Ternium's 2025 Dividend Proposal in Response to Global UncertaintyApril 15, 2026 4:15 PM
ACCESS NewswireLUXEMBOURG, LU / ACCESS Newswire / April 15, 2026 / Ternium S.A. (NYSE:TX) today announced that its Board of Directors has revised its dividend proposal for fiscal year 2025, lowering the recommended payout to $2.20 per ADS ($0.22 per share), or $432 million, from the previously announced $2.70 per ADS. The annual dividend includes the interim dividend of $0.90 per ADS ($0.09 per share), or $177 million, paid in the fourth quarter of 2025.Although the company maintains its outlook for a sequential increase in adjusted EBITDA in the first quarter of 2026 and expects further improvements in the second quarter, the Board of Directors has determined that implementing measures to reinforce the company's balance sheet is a prudent course of action in the current environment. This decision reflects caution amid ongoing uncertainties regarding the potential impact in the global economy of the conflict in the Middle East.If the Board of Directors' proposal is approved at the shareholders' meeting to be held on May 12, 2026, a net dividend of $1.30 per ADS ($0.13 per share), or $255 million, will be paid on May 15, 2026, with record date on May 14, 2026.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.Contact:Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.comSOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Revision of Ternium's 2025 Dividend Proposal in Response to Global Uncertainty

Ternium Files 2025 Form 20-FMarch 31, 2026 4:15 PM
ACCESS NewswireLUXEMBOURG / ACCESS Newswire / March 31, 2026 / Ternium S.A. (NYSE:TX) announced that it has filed its annual report on Form 20-F, for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC). The annual report can be downloaded from the SEC's website at www.sec.gov and from Ternium's website at www.ternium.com, in the Investors section.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.Contact:SebastiánMartí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.comSOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Ternium Files 2025 Form 20-F

Ternium Announces Annual General Meeting of ShareholdersMarch 20, 2026 4:15 PM
ACCESS NewswireLUXEMBOURG, LU / ACCESS Newswire / March 20, 2026 / Ternium S.A. (NYSE:TX) announced today that its board of directors convened the annual general meeting of shareholders to be held on Tuesday, May 12, 2026, at 9:00 a.m. CET at Ternium S.A.'s registered office located at 26, Boulevard Royal, 4th Floor, L-2449 Luxembourg, Grand Duchy of Luxembourg. Each holder of ADSs as of March 30, 2026, shall be entitled to instruct The Bank of New York Mellon Corporation, the depositary bank, as to the exercise of the voting rights pertaining to the shares represented by such holder's ADSs.The following documents are available in the Investors section of our website at www.ternium.com:Notice and Agenda for the meeting.Shareholder Meeting Brochure and Proxy Statement.2025 Annual Report.Copies of these documents are also available, free of charge, at Ternium S.A.'s registered office in Luxembourg, between 10:00 a.m. and 5:00 p.m. CET, beginning on March 20, 2026. In addition, shareholders registered in the share register may obtain electronic copies of such documents, free of charge, by sending an e-mail request to ir@ternium.com.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, specially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.SOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Ternium Announces Annual General Meeting of Shareholders

Ternium Announces Fourth Quarter and Full Year 2025 ResultsFebruary 18, 2026 6:30 AM
ACCESS NewswireLUXEMBOURG, LU / ACCESS Newswire / February 18, 2026 / Ternium S.A. (NYSE:TX) today announced its results for the fourth quarter and full year ended December 31, 2025.The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and presented in U.S. dollars ($) and metric tons. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Free Cash Flow and Net Cash. The reconciliation of these figures to the most directly comparable IFRS measures is included in Exhibit I.Fourth Quarter of 2025 Highlights Dividend figure compared to annual dividend for fiscal year 2024. Other figures compared to third quarter of 2025.Summary of Fourth Quarter and Full Year 2025 Results Note: Each American Depositary Share, or ADS, represents 10 shares of Ternium's common stock. Results are based on a weighted average number of shares of common stock outstanding (net of treasury shares) of 1,963,076,776.Fourth Quarter and Full Year 2025 HighlightsIn the fourth quarter of 2025, Adjusted EBITDA had a slight sequential decrease to $395 million. This was primarily driven by lower realized steel prices in the company's main steel markets, which were mostly offset by lower raw material and purchased slab costs, along with the positive results from the company's initiatives to improve efficiency. Net income in the fourth quarter of 2025 was $171 million, including deferred tax gains amounting to $94 million.During the period, Ternium paid an interim dividend to shareholders of $177 million and dividends in kind to minority interest totalling $112 million. In addition, Ternium invested $463 million, primarily for the expansion of its industrial center in Pesquería, Mexico. Ternium's Net Cash position stood stable at $712 million at the end of December 2025, underpinned by operating cash flow of $528 million and a $204 million increase in the market value of financial securities.For the full year 2025, Adjusted EBITDA decreased year-over-year to $1.5 billion, and adjusted EBITDA margin was 10%. This was mainly due to a significant drop in steel prices and lower steel shipments in Mexico. This adverse scenario was countered by the successful implementation of a competitiveness plan to cut costs and increase efficiency at our operations, as well as by lower raw material and purchased slab costs. Sales volumes declined in Mexico due to sluggish construction activity and softer industrial demand, amid the uncertainty caused by ongoing tariff negotiations with the United States. In Other Markets, steel shipments declined primarily reflecting lower sales in the United States, partially offset by increased shipments to other destinations. Conversely, shipments rose in the Southern Region, supported by the recovery of steel demand in Argentina from a low base in 2024.Net income in 2025 amounted to $303 million, including a loss of $405 million in connection with the write-down of deferred tax assets at Usiminas and a loss of $117 million stemming from the periodical value update of the provision for ongoing litigation related to the acquisition of a participation in Usiminas.Dividends paid to shareholders in 2025 amounted to $530 million, and dividends paid in kind to minority interest totaled $112 million. Capital expenditures reached $2.5 billion in the year, the peak of the current investment cycle, with the bulk allocated to the continuing expansion of the industrial center in Pesquería. These capital outflows were largely financed through cash generated by operating activities of $2.3 billion and cash on hand.On February 12, 2026, Usiminas' Board of Directors approved the change of its functional currency from the Brazilian Real to the U.S. dollar, effective in its financial statements as from January 1, 2026. This change is intended to more faithfully reflect the economic substance of Usiminas' activities, taking into account the economic environment in which it operates.Annual Dividend ProposalTernium's board of directors proposed the payment of an annual dividend of $2.70 per ADS ($0.27 per share), or $530 million based on total shares of common stock outstanding, net of treasury shares.The annual dividend would include the interim dividend of $0.90 per ADS ($0.09 per share), or $177 million, paid in the fourth quarter of 2025. If the board of directors' proposal is approved at the shareholders' meeting to be held on May 12, 2026, a net dividend of $1.80 per ADS ($0.18 per share), or $353 million, will be paid on May 15, 2026, with record date on May 14, 2026.Based on current market price of Ternium's ADS, the proposed annual dividend is equivalent to a dividend yield of approximately 6%. OutlookTernium anticipates an increase in Adjusted EBITDA in the first quarter of 2026 compared to the fourth quarter of 2025. Shipments are expected to rise, primarily in Mexico. Adjusted EBITDA margin is also expected to improve, driven by an increase in revenue per ton, in both Mexico and Brazil, partially offset by higher costs per ton.In Mexico, the government recently raised import tariffs on more than fourteen hundred tariff lines for countries without a free trade agreement, covering the majority of steel products. Demand is improving in the commercial market, following a destocking process throughout the steel value chain in 2025 due to market uncertainty related to trade negotiations with the United States. In the industrial market, the automotive industry is undergoing a period of rebalancing, marked by adjustments to electric vehicle production plans and the reshoring of manufacturing capacity from Asia.In Brazil, the government has recently taken action to address the rise in steel imports from China, which have been entering under unfair trade conditions and harming the local market. Antidumping duties were applied to imports of cold rolled coils and galvanized steel, following the imposition of import duties on nine other steel products. These measures are significant steps toward ensuring fair competition within Brazil's steel industry.Argentina's steel demand is expected to continue a gradual recovery in 2026, driven by the agricultural, mining, and energy sectors, as well as improvements in construction activity. Still, there is concern that unfairly traded imports could disrupt the steel value chain in the country if not properly addressed. In this context, the new trade agreement between Argentina and the United States holds significant importance, as both countries have committed to cooperating in tackling unfair trade practices originating from other nations.Analysis of Fourth Quarter and Full Year 2025 ResultsConsolidated Net Sales Adjusted EBITDAAdjusted EBITDA in the fourth quarter of 2025 equals Net Income adjusted to exclude mainly:Depreciation and amortization;Income tax results;Net financial results;Equity in earnings of non-consolidated companies; andA $19 million impairment of Las Encinas mining assets.And adjusted to include the proportional EBITDA in Unigal (70% participation).Adjusted EBITDA margin equals adjusted EBITDA divided by net sales.For more information see Exhibit I - Alternative performance measures - "Adjusted EBITDA". Steel Segment Fourth Quarter of 2025 ResultsIn the fourth quarter of 2025, the Steel Segment's net sales decreased sequentially and year-over-year mainly as a result of lower realized steel prices, as shipments remained relatively stable. Revenue per ton decreased in the Southern Region, Brazil and Other Markets. In Mexico, revenue per ton declined on a sequential basis, while it remained unchanged on a year-over-year basis. Ternium's shipments in Mexico posted a slight sequential increase in the fourth quarter of 2025, supported by stronger commercial market demand amid government measures to curb unfair trade practices. However, despite this improvement, shipments declined year-over-year, reflecting uncertainty in connection with tariff negotiations with the United States.In Brazil, shipments in the fourth quarter of 2025 showed a modest sequential decrease, reflecting seasonally slower activity. On a year-over-year basis, sales volumes remained relatively stable, as the growth in steel consumption in the country in 2025 was offset by a sizable increase in flat steel product imports. In the Southern Region, shipments remained relatively stable sequentially. Year-over-year, sales volumes increased, reflecting a recovery in the demand for steel in Argentina from depressed levels in 2024.In Other Markets, shipments in the fourth quarter of 2025 declined on a sequential and year-over-year basis mainly reflecting lower sales in the US market. The Steel Segment's Cash Operating Income decreased by $49 million sequentially in the fourth quarter of 2025, reflecting slightly lower sales volumes and margins. Cash Operating Income Margin decreased by one percentage point, as a 4% decrease in realized steel prices was largely offset by lower raw material and purchased slab costs, as well as efficiency gains.Year-over-year, the Steel Segment's Cash Operating Income increased by $145 million in the quarter, primarily as a result of better margins. This reflected the company's efforts to improve efficiency as well as a decrease in raw material and purchased slab costs, partially offset by lower realized steel prices. Note: For a reconciliation of the Steel Segment's Cash Operating Income and Cash Operating Income per Ton and Margin to the most directly comparable IFRS measures, see Exhibit I - Alternative performance measures - "Cash Operating Income - Steel Segment".Steel Segment Full Year2025 Shipments and Net SalesThe Steel Segment's net sales for the full year 2025 decreased by 13% compared to 2024. Steel revenue per ton declined by 10%, reflecting lower realized steel prices across Ternium's main steel markets.Steel shipments decreased by 4% year-over-year, as lower sales volumes in Mexico and Other Markets were partially offset by higher shipments in the Southern Region. Ternium's shipments in Mexico decreased in 2025, as steel demand weakened in the face of the uncertainty caused by U.S. trade negotiations and sluggish infrastructure investment.In Brazil, shipments remained virtually unchanged in 2025. Although domestic steel consumption increased during the year, imports of flat steel products increased significantly amid unfair trade practices. In the Southern Region, shipments increased in 2025, reflecting better steel demand in Argentina compared to weak activity levels in the prior year.In Other Markets, sales volumes decreased in 2025 mainly reflecting declining shipments in the US market, partially offset by higher sales volumes in other destinations. Mining Segment Fourth Quarter of 2025 ResultsThe Mining Segment's net sales increased sequentially and year-over-year in the fourth quarter of 2025, reflecting higher sales volumes and realized iron ore prices. The increase in iron ore shipments mainly reflected, on a sequential basis, better volumes from the Mexican operations, and, on a year-over-year basis, better volumes from both the Mexican and Brazilian operations. The Mining Segment's Cash Operating Income increased sequentially by $10 million in the fourth quarter of 2025, reflecting higher sales volumes and margins. Cash Operating Income Margin increased by 1.4 percentage points, reflecting higher realized iron ore prices partially offset by higher unit costs.Year-over-year, the Mining Segment's Cash Operating Income decreased by $12 million in the period, reflecting lower margins partially offset by higher shipments. The Cash Operating Income Margin decreased by 8.5 percentage points, reflecting increased unit costs partially offset by higher realized iron ore prices. Note: For a reconciliation of the Mining Segment's Cash Operating Income and Cash Operating Income per Ton and Margin to the most directly comparable IFRS measures, see Exhibit I - Alternative performance measures - "Cash Operating Income - Mining Segment".Mining Segment Full Year of 2025 Shipments and Net SalesIn 2025, the Mining Segment's net sales increased year-over-year primarily as a result of higher iron ore shipments, reflecting better volumes in both the Brazilian and Mexican operations, partially offset by lower realized iron ore prices. Net Financial ResultsNet financial results were a loss of $24 million for the fourth quarter and a loss of $25 million for the full year 2025.Foreign exchange results amounted to a loss of $19 million for the fourth quarter and a loss of $57 million for the full year of 2025, primarily reflecting the impact of the Argentine Peso's depreciation against the U.S. dollar on Ternium Argentina's net long local currency position and the impact of the Mexican Peso's appreciation against the U.S. dollar on Ternium Mexico's net short local currency position.The change in the fair value of financial assets resulted in a gain of $14 million for the fourth quarter and a gain of $68 million for the full year 2025, driven mainly by the positive performance of Ternium Argentina's short-term financial securities holdings.In addition, net financial results included a charge of $21 million in the fourth quarter of 2025, in connection with the accelerated recognition of the purchase of an additional participation in Usiminas from Nippon Steel Corporation and Mitsubishi Corporation.$ MILLION 4Q25 3Q25 4Q24 2025 2024 Net interest result 5 3 18 23 102 Net foreign exchange result (19) (34) (72) (57) (104)Change in fair value of financial assets 14 8 (3) 68 (133)Other financial expense, net (25) (12) (11) (60) (58)Net financial results (24) (35) (67) (25) (194)Income Tax ResultsTernium Mexico, Ternium Argentina and Ternium Brasil use the U.S. dollar as their functional currency; as a result, fluctuations between their local currencies and the U.S. dollar lead to the recognition of deferred tax results.Deferred tax results were a gain of $94 million in the fourth quarter of 2025 and a gain of $222 million for the full year 2025, mainly in connection with the appreciation of the Mexican peso during the year.In addition, income tax results in 2025 included a $405 million charge in connection with the write-down of deferred tax assets at Usiminas in the third quarter, and a $23 million charge in connection with the write-down of deferred tax assets at Las Encinas in the fourth quarter, following the performance of a recoverability assessment of such assets.$ MILLION 4Q25 3Q25 4Q24 2025 2024 Current income tax expense (54) (13) (10) (139) (323)Deferred tax gain (loss) 94 (26) (54) 222 (231)Write-down of deferred tax assets at Las Encinas and Usiminas (23) (405) - (428) - Income tax gain (expense) 17 (444) (64) (345) (554)Net ResultIn the fourth quarter of 2025, Ternium's net income amounted to $171 million, including a deferred tax gain of $94 million. Equity Holder's Net Income was $122 million in the period, or $0.62 per ADS, mainly after accounting for the participation of a 76.7% non-controlling interest in Usiminas and a 37.4% non-controlling interest in Ternium Argentina.For the full year 2025, net income was $303 million, including a deferred tax gain of $222 million, a loss of $405 million in connection with the write-down of deferred tax assets at Usiminas and a loss of $117 million in connection with the provision for ongoing litigation concerning the acquisition of a participation in Usiminas, on account of interest accruals and the appreciation of the Brazilian Real. Equity Holder's Net Income was $425 million in the year, or $2.17 per ADS. $ MILLION 4Q25 3Q25 4Q24 2025 2024 Net income (loss) 171 (270) 333 303 174 Excluding non-controlling interest 49 (290) 52 (122) 227 Owners of the parent 122 21 281 425 (54)$ per ADS 4Q25 3Q25 4Q24 2025 2024 Earnings (losses) per ADS 0.62 0.10 1.43 2.17 (0.27)Cash Flow and LiquidityIn the fourth quarter of 2025, cash from operations amounted to $528 million. Working capital decreased by $135 million primarily as a result of a $258 million decrease in trade and other receivables and a minor decrease in inventories, partially offset by a $127 million decrease in trade payables and other liabilities.Inventory value remained broadly stable, as lower unit costs were offset by higher volumes. Capital expenditures totaled $463 million in the fourth quarter, primarily reflecting the progress made in the construction of the new facilities at Ternium's industrial center in Pesquería, Mexico. In the fourth quarter of 2025, alongside the development of its capital expenditure program, Ternium paid an interim dividend to its shareholders totaling $177 million and Ternium Argentina paid a dividend in kind to the minority interest amounting to $112 million.Despite these significant cash disbursements, Ternium's Net Cash position stood at $712 million as of the end of December 2025, stable compared to the end of September 2025. This was the consequence of a strong cash generated by operating activities, together with a $204 million increase in the market value of financial securities. In 2025, cash from operations reached $2.3 billion. Capital expenditures amounted to $2.5 billion, the peak of the current investment cycle, with the bulk allocated to the continuing expansion of the industrial center in Pesquería. Dividends paid to the company's shareholders totaled $530 million, and dividends paid in kind to the minority interest amounted to $112 million. Consequently, Ternium's Net Cash position decreased by $932 million in 2025. Conference Call and WebcastTernium will host a conference call on February 18, 2026, at 8:30am ET in which management will discuss fourth quarter and full year 2025 results. A webcast link will be available in the Investor Center section of the company's website at www.ternium.com.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products, and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.Income Statement$ MILLION 4Q25 3Q25 4Q24 2025 2024 Net sales 3,775 3,955 3,876 15,609 17,649 Cost of sales (3,171) (3,346) (3,426) (13,256) (14,760)Gross profit 604 608 450 2,353 2,889 Selling, general and administrative expenses (406) (396) (373) (1,601) (1,651)Other operating (expense) income, net (39) 3 (35) (46) 25 Operating income 159 215 42 705 1,263 Financial expense (50) (53) (52) (214) (196)Financial income 56 56 71 238 298 Other financial expense, net (29) (37) (86) (49) (296)Equity in earnings of non-consolidated companies 20 25 18 86 69 Provision for ongoing litigation related to the acquisition of a participation in Usiminas (1) (32) 404 (117) (410)Profit before income tax results 155 174 397 648 728 Income tax gain (expense) 17 (444) (64) (345) (554)Profit (loss) for the period 171 (270) 333 303 174 Attributable to: Owners of the parent 122 21 281 425 (54)Non-controlling interest 49 (290) 52 (122) 227 Profit (loss) for the period 171 (270) 333 303 174 Statement of Financial Position$ MILLION DECEMBER 31, 2025 DECEMBER 31, 2024 Property, plant and equipment, net 10,406 8,381 Intangible assets, net 1,002 1,022 Investments in non-consolidated companies 563 469 Other investments 0 23 Deferred tax assets 1,039 1,194 Receivables, net 804 961 Trade receivables, net 4 - Total non-current assets 13,819 12,050 Receivables, net 985 902 Derivative financial instruments 43 4 Inventories, net 4,094 4,751 Trade receivables, net 1,536 1,562 Other investments 1,600 2,160 Cash and cash equivalents 1,531 1,691 Total current assets 9,788 11,071 Non-current assets classified as held for sale 8 7 Total assets 23,615 23,129 Statement of Financial Position (cont.)$ MILLION DECEMBER 31, 2025 DECEMBER 31, 2024 Capital and reserves attributable to the owners of the parent 11,944 11,968 Non-controlling interest 4,203 4,163 Total equity 16,148 16,132 Provisions 586 553 Deferred tax liabilities 24 89 Non current tax liabilities 13 21 Other liabilities 956 766 Trade payables 1 5 Lease liabilities 138 164 Borrowings 1,815 1,560 Total non-current liabilities 3,533 3,158 Provision for ongoing litigation related to the acquisition of a participation in Usiminas 528 410 Current income tax liabilities 39 107 Other liabilities 640 630 Trade payables 2,073 1,926 Derivative financial instruments 1 50 Lease liabilities 49 46 Borrowings 604 670 Total current liabilities 3,934 3,839 Total liabilities 7,467 6,997 Total equity and liabilities 23,615 23,129 Statement of Cash Flows$ MILLION 4Q25 3Q25 4Q24 2025 2024 Result for the period 171 (270) 333 303 174 Adjustments for: Depreciation and amortization 210 197 189 788 743 Income tax accruals less payments (42) 394 23 100 498 Equity in earnings of non-consolidated companies (20) (25) (18) (86) (69)Provision for ongoing litigation related to the acquisition of a participation in Usiminas 1 32 (404) 117 410 Interest accruals less payments / receipts, net (8) (6) (7) (15) (16)Changes in provisions (6) 1 10 - (60)Changes in working capital 135 174 257 1,035 (16)Net foreign exchange results and others 68 38 56 51 211 Impairment of Las Encinas' mining assets 19 - 32 19 32 Net cash provided by operating activities 528 535 472 2,314 1,906 Capital expenditures and advances to suppliers for PP&E (463) (711) (561) (2,501) (1,865)(Increase) decrease in other investments (48) (24) 296 490 462 Proceeds from the sale of property, plant & equipment 0 3 1 4 2 Dividends received from non-consolidated companies 28 2 21 32 26 Repayment of additional paid in capital (5) - - (10) - Net cash used in investing activities (488) (729) (243) (1,985) (1,375)Dividends paid in cash to company's shareholders (177) - (177) (530) (609)Dividends paid in cash to non-controlling interest (7) - (5) (9) (54)Finance lease payments (14) (15) (15) (65) (61)Proceeds from borrowings 461 71 272 1,115 1,559 Repayments of borrowings (78) (387) (139) (1,012) (1,323)Net cash provided by (used in) financing activities 186 (330) (63) (501) (488)Increase (decrease) in cash and cash equivalents 226 (524) 165 (171) 42 Exhibit I - Alternative Performance MeasuresThese non-IFRS measures should not be considered in isolation of, or as a substitute for, measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have a standardized meaning under IFRS and, therefore, may not correspond to similar non-IFRS financial measures reported by other companies.Adjusted EBITDA$ MILLION 4Q25 3Q25 4Q24 2025 2024 Net income (loss) 171 (270) 333 303 174 Adjusted to exclude: Depreciation and amortization 210 197 189 788 743 Income tax results (17) 444 64 345 554 Net financial results 24 35 67 25 194 Equity in earnings of non-consolidated companies (20) (25) (18) (86) (69)Provision for ongoing litigation related to the acquisition of a participation in Usiminas 1 32 (404) 117 410 Impairment of Las Encinas' mining assets 19 - 32 19 32 Reversal of contingencies (Usiminas and others) - - - - (34)Adjusted to include:Proportional EBITDA in Unigal (70% participation) 7 8 6 29 33 Adjusted EBITDA 395 420 270 1,541 2,038 Divided by: net sales 3,775 3,955 3,876 15,609 17,649 Adjusted EBITDA Margin (%) 10.5% 10.6% 7.0% 9.9% 11.5%Exhibit I - Alternative Performance Measures (cont.)Cash Operating Income - Steel Segment$ MILLION 4Q25 3Q25 4Q24 2025 2024 Operating Income - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates) 202 333 308 968 1,560 Plus/minus differences in cost of sales (IFRS) (18) (96) (259) (219) (330)Excluding depreciation and amortization 150 146 142 582 552 Excluding reversal of contingencies (Usiminas and others) - - - - (34)Including proportional EBITDA in Unigal (70% participation) 7 8 6 29 33 Cash Operating Income 342 391 197 1,359 1,780 Divided by: steel shipments (thousand tons) 3,727 3,757 3,764 15,060 15,622 Cash Operating Income per Ton - Steel 92 104 52 90 114 Divided by: steel net sales 3,624 3,804 3,767 15,041 17,220 Cash Operating Income Margin - Steel (%) 9.4% 10.3% 5.2% 9.0% 10.3%Cash Operating Income - Mining Segment$ MILLION 4Q25 3Q25 4Q24 2025 2024 Operating Result - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates) (66) (35) (35) (141) (166)Plus/minus differences in cost of sales (IFRS) 35 23 15 113 194 Excluding depreciation and amortization 60 51 47 206 192 Impairment of Las Encinas' mining assets 19 - 32 19 32 Cash Operating Income 48 38 60 197 252 Divided by: mining shipments (thousand tons) 3,361 3,207 2,995 12,951 11,385 Cash Operating Income per Ton - Mining 14 12 20 15 22 Divided by: mining net sales 309 268 249 1,138 1,059 Cash Operating Income Margin - Mining (%) 15.7% 14.3% 24.2% 17.3% 23.8%Exhibit I - Alternative Performance Measures (cont.)Free Cash Flow$ MILLION 4Q25 3Q25 4Q24 2025 2024 Net cash provided by operating activities 528 535 472 2,314 1,906 Less: capital expenditures and advances to suppliers for PP&E (463) (711) (561) (2,501) (1,865)Free Cash Flow 65 (175) (90) (187) 41 Net Cash$ BILLION DECEMBER 31, 2025 SEPTEMBER 30, 2025 DECEMBER 31, 2024 Cash and cash equivalents 1.5 1.3 1.7 Plus: other investments (current and non-current) 1.6 1.4 2.2 Less: borrowings (current and non-current) (2.4) (2.0) (2.2)Net Cash 0.7 0.7 1.6 Note: Ternium Argentina's consolidated position of cash and cash equivalents and other investments amounted to $0.8 billion and $0.9billion as of December 31 and September 30, 2025, respectively, and $1.3 billion as of December 31, 2024.CONTACT:SebastiánMartí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.comSOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Ternium Announces Fourth Quarter and Full Year 2025 Results

Ternium Completes Acquisition of Nippon Groups' Remainder Participation in Usiminas' Control GroupFebruary 10, 2026 4:15 PM
ACCESS NewswireLUXEMBOURG, LU / ACCESS Newswire / February 10, 2026 / Ternium S.A. (NYSE:TX) announced today that its subsidiary Ternium Investments S.à r.l. completed the acquisition of 153.1 million ordinary shares of Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas ("Usiminas") from Nippon Steel Corporation and Mitsubishi Corporation for a total consideration of approximately $315.2 million in cash, pursuant to the transaction previously disclosed on November 5, 2025.Forward Looking StatementsSome of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.About TerniumTernium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, especially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.comSOURCE: Ternium S.A.View the original press release on ACCESS NewswireOriginal: Ternium Completes Acquisition of Nippon Groups' Remainder Participation in Usiminas' Control Group

Hmm. Anyone else interested in boring ol Ternium?

:)

Berenberg Bank reiterated Ternium at Buy. Valuation models show nice Upside:

Upside Analysis