Ternium S A : First Quarter 2025 Earnings Release

Published: 2025-04-29 19:34:06 ET TX

Press Release

‌Sebastián Martí

Ternium - Investor Relations

+1 (866) 890 0443

+54 (11) 4018 8389

https://www.ternium.com

Luxembourg, April 29, 2025 - Ternium S.A. (NYSE: TX) today announced its results for the first quarter ended March 31, 2025.

The financial and operational information contained in this press release is based on Ternium S.A.'s operational data and consolidated condensed interim financial statements prepared in accordance with IAS 34 "Interim financial reporting" (IFRS) and presented in U.S. dollars ($) and metric tons. Interim financial figures are unaudited. This press release includes certain non-IFRS alternative performance measures such as Adjusted EBITDA, Cash Operating Income, Adjusted Net Income, Adjusted Equity Holders' Net Income, Adjusted Earnings per ADS, Free Cash Flow and Net Cash. The reconciliation of these figures to the most directly comparable IFRS measures is included in Exhibit I.

SHIPMENTS - STEEL PRODUCTS

SHIPMENTS - MINING PRODUCTS

ADJUSTED EBITDA

ADJUSTED EBITDA MARGIN

ADJUSTED NET INCOME

ADJUSTED EARNINGS PER ADS

NET SALES

NET CASH POSITION

CASH PROVIDED BY OPERATING ACTIVITIES

CAPEX

NET INCOME

EARNINGS PER ADS

CONSOLIDATED

1Q25

4Q24

DIF

1Q24

DIF

Steel Products Shipments (thousand tons)

3,857

3,764

3,894

-1%

Mining Products Shipments (thousand tons)

1,791

1,725

1,424

26%

Net Sales ($ million)

3,933

3,876

4,778

-18%

Operating Income ($ million)

132

211%

675

-80%

Adjusted EBITDA ($ million)

322

270

19%

855

-62%

Adjusted EBITDA Margin (% of net sales)

18%

Provision for litigation related to the acquisition of a participation in Usiminas ($ million)

(45)

404

Net Income ($ million)

142

333

491

Equity Holders' Net Income ($ million)

281

361

Earnings per ADS1($)

0.34

1.43

1.84

Adjusted Net Income (Loss) ($ million)

188

(71)

491

Adjusted Equity Holders' Net Income (Loss) ($ million)

108

(83)

361

Adjusted Earnings (Losses) per ADS ($)

0.55

(0.42)

1.84

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 2025 Highlights

In the first quarter of 2025, Ternium reported a sequential increase in adjusted EBITDA driven by improved margins and steel and iron ore shipments. Cost per ton decreased due to the gradual consumption of lower-priced slabs and raw material inventories as well as to improvements in industrial operations efficiency, while a sequentially lower revenue per ton partially offset this cost reduction.

Ternium's sales volume in Mexico decreased both sequentially and year-over-year in the first quarter of 2025. Uncertainty surrounding evolving U.S. trade policies continued to weight on shipments in the first quarter, primarily in the commercial steel market. However, the company's sales to industrial customers remained relatively stable.

Shipments in the Brazilian steel market rose sequentially in the first quarter, rebounding from the seasonal slowdown in the fourth quarter. Year-over-year, sales volumes in Brazil grew by 9%, reflecting the successful ramp-up of Usiminas' main blast furnace and increased domestic demand for steel products.

In the Southern Region, steel sales volumes remained relatively stable in the first quarter of 2025 compared to the fourth quarter of 2024. Year-over-year, the company reported a 32% rise in steel shipments during the first quarter, reflecting better activity in the Argentine steel market after a notably weak performance in the same period of 2024.

‌In Other Markets, steel shipments rose by 36% sequentially in the first quarter partly as a result of the sale of steel slabs to third parties. Year-over-year, steel shipments declined by 14% in the first quarter of 2025, primarily due to lower sales volume in the U.S. market.

Net income of $142 million in the first quarter of 2025 included a provision adjustment charge of $45 million in connection with the ongoing litigation related to the acquisition of a participation in Usiminas. This adjustment accounted for interest accrual and the appreciation of the Brazilian Real versus the U.S. dollar in the quarter.

Excluding this charge, Adjusted Net Income amounted to $188 million.

Ternium reported a Net Cash position of $1.3 billion at the end of March 2025, down from $1.6 billion at the end of 2024. Cash provided by operations amounted to $207 million in the first quarter and capital expenditures were

$518 million, mainly in connection with the ongoing expansion at the company's industrial center in Pesquería, Mexico.

Following a review of the project, the company estimates the total cost of its expansion plan in Pesquería to reach

$4.0 billion, a 16% increase from a prior estimate in February 2024, primarily due to higher prices for assembly and construction, larger volumes of structures and civil works, as well as higher costs associated with extended deadlines. Ternium now expects the new steel slab mill in Pesquería will begin operations by the fourth quarter of 2026.

Ternium expects a sequential increase in adjusted EBITDA in the second quarter of 2025, driven mainly by higher realized steel prices and slightly lower cost per ton, with relatively stable steel shipments.

In Mexico, the company anticipates volumes in the second quarter to remain subdued due to the unresolved tariff issue, which impacts operational and investment decisions in the steel value chain.

In Brazil, Usiminas anticipates sequentially stable steel shipments in the second quarter of 2025, amid resilient steel demand. The issue of unfair trade practices remains unresolved in this market, with notable year-over-year increases in imports during the first quarter of 2025.

In Argentina, the company expects a sequential increase in shipments in the second quarter of 2025 due to improvements in macroeconomic conditions.

Consolidated Net Sales

$ MILLION

1Q25

4Q24

DIF

1Q24

DIF

Steel segment

3,801

3,767

4,690

-19%

Mining segment

132

109

21%

49%

Total net sales

3,933

3,876

4,778

-18%

Adjusted EBITDA

Adjusted EBITDA in the first quarter of 2025 equals Net Income adjusted to exclude:

Depreciation and amortization;

Income tax results;

Net financial result;

Equity in earnings of non-consolidated companies; and

Provision charge 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".

ADJUSTED EBITDA

$ MILLION

855

12%

545

368

270

322

1Q24 2Q24 3Q24 4Q24 1Q25

Steel Segment

In the first quarter of 2025, the Steel Segment's shipments and net sales rose slightly compared to the fourth quarter of 2024. Increased sales volumes in Brazil and Other Markets were partially offset by lower sales volumes in Mexico. Realized steel prices edged down slightly on a sequential basis.

Year-over-year, shipments in the Steel Segment remained relatively stable, while net sales declined by 19% in the first quarter of 2025. Lower sales volumes in Mexico and Other Markets were largely offset by higher shipments in Brazil and the Southern Region. Steel revenue per ton fell across all regions due to lower steel prices.

SHIPMENTS - STEEL PRODUCTS

MILLION TONS

NET SALES - STEEL SEGMENT

$ BILLION

1Q24

2Q24

3Q24

4Q24

1Q25

1Q24

2Q24

3Q24

4Q24

1Q25

Usiminas

3.9

3.8

4.1

3.8

3.9

4.7

4.4

3.8

‌In Mexico, steel shipments had a sequential decline in the first quarter of 2025, reflecting a weaker commercial market. In the case of the industrial market, demand from industrial customers remained relatively stable. Year-over-year, shipments declined in the period, mainly due to a soft commercial market and a slight decrease in sales to industrial customers.

In Brazil, shipments rose sequentially during the first quarter reflecting higher demand for steel products after a seasonally low fourth quarter. Year-over-year, sales volumes increased in the first quarter reflecting the successful ramp up of Usiminas' main blast furnace and a stronger demand for steel products in the country.

In the Southern Region, steel shipments remained relatively stable sequentially in the first quarter. Year-over-year, sales volumes showed a significant rebound in this period, reflecting better activity in the Argentine steel market after a notably weak performance in the same period of 2024.

In Other Markets, sales volumes rose sequentially in the first quarter partly as a result of the sale of steel slabs to third parties. On a year-over-year basis, shipments decreased in the period, largely reflecting lower sales volumes in the U.S. market.

SHIPMENTS BY REGION - STEEL PRODUCTS

MILLION TONS

2.5

2.0

1.5

1.0

0.5

0.0

1Q24 2Q24 3Q24 4Q24 1Q25

STEEL SEGMENT

NET SALES ($ MILLION)

SHIPMENTS (THOUSAND TONS)

REVENUE/TON ($/TON)

1Q25

4Q24

DIF

1Q24

DIF

1Q25

4Q24

DIF

1Q24

DIF

1Q25

4Q24

DIF

1Q24

DIF

Mexico

1,767

1,851

-5%

2,389

-26%

1,911

1,970

-3%

2,078

-8%

924

939

-2%

1,150

-20%

Brazil

940

904

1,045

-10%

1,005

965

923

936

937

1,132

-17%

Southern Region

544

593

-8%

563

-3%

489

496

-1%

370

32%

1,112

1,195

-7%

1,522

-27%

Other Markets

468

362

29%

603

-22%

452

333

36%

523

-14%

1,037

1,088

-5%

1,153

-10%

Total Steel Products

3,719

3,709

4,601

-19%

3,857

3,764

3,894

-1%

964

986

-2%

1,181

-18%

Other Products

42%

-8%

Total Steel Segment

3,801

3,767

4,690

-19%

‌The Steel Segment's Cash Operating Income showed a sequential increase in the first quarter of 2025, driven by higher sales volumes and margins. There was a sequential decrease in raw material and purchased slab costs that were partially offset by lower realized steel prices.

Year-over-year, the decrease in the Steel Segment's Cash Operating Income in the first quarter of 2025 was driven mainly by lower margins. In the period, a

$217 revenue per ton reduction was partially offset by a decrease in raw material and purchased slab costs.

CASH OPERATING INCOME - STEEL SEGMENT

$ MILLION

CASH OPERATING INCOME PER TON AND MARGIN - STEEL SEGMENT $/TON, %

476

309

276

197

205

11%

124

798

17%

1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25

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

The Mining Segment's net sales increased sequentially by 13% in the first quarter of 2025, reflecting higher realized iron ore prices and a slight increase in shipments. Year-over-year, the Mining Segment's net sales rose by 2% in the first quarter of 2025, with an

increase in shipments supported by higher production levels in Mexico and Brazil. This was mostly offset by a decrease in revenue per ton, reflecting the year-over-year decline in iron ore prices.

‌SHIPMENTS - MINING PRODUCTS

MILLION TONS

NET SALES - MINING SEGMENT

$ MILLION

3.0

3.1

2.7 2.7

3.0

274

271

264

280

249

1Q24 2Q24 3Q24 4Q24 1Q25

Intercompany  Third parties

1Q24 2Q24 3Q24 4Q24 1Q25

Intercompany  Third parties

MINING SEGMENT

NET SALES ($ MILLION)

1Q25

4Q24

DIF

1Q24 DIF

132

109

21%

88 49%

148

140

186 -20%

280

249

13%

274 2%

SHIPMENTS (THOUSAND TONS)

1Q25

4Q24

DIF

1Q24 DIF

1,791

1,725

1,424 26%

1,268

1,270

1,271 0%

3,059

2,995

2,695 14%

REVENUE/TON ($/TON)

1Q25

4Q24

DIF

1Q24 DIF

16%

62 19%

117

110

146 -20%

10%

102 -10%

Third parties Intercompany Total

In the first quarter of 2025, the Mining Segment's Cash Operating Income decreased sequentially and on a year-over-year basis as a result of lower margins, partially offset by higher sales volumes.

Compared to the fourth quarter of 2024, the decrease in margins in the first quarter of 2025 resulted from

higher cost per ton, partially offset by higher realized iron ore prices.

Year-over-year, margins contracted due to lower realized iron ore prices, partially offset by a moderate decline in cost per ton.

CASH OPERATING INCOME - MINING SEGMENT

$ MILLION

CASH OPERATING INCOME PER TON AND MARGIN -MINING SEGMENT $/TON, %

‌

24%

20% 20%

25 28

27%

1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25

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 Results

Net financial results for the first quarter of 2025 recorded a $63 million gain. The net foreign exchange result for the period was a $31 million gain, driven mainly by the Brazilian Real's appreciation against the

U.S. dollar. This had a favorable effect on Usiminas'

U.S. dollar-denominated financial debt, as its functional currency is the Brazilian Real, as well as on

Ternium Brazil's long local currency position. In addition, Ternium Argentina's divestment of Argentine government bond holdings resulted in a gain of $30 million in the period, due to the recycling of changes in the fair value of financial instruments from Other Comprehensive Income to Financial Results.

1Q25 4Q24 1Q24

‌$ MILLION

Net interest results

Net foreign exchange result

(72)

(41)

Change in fair value of financial assets

(3)

(137)

Other financial expense, net

(11)

(22)

Net financial results

(67)

(163)

Income Tax Results

Ternium Mexico, Ternium Argentina and Ternium Brasil use the U.S. dollar as their functional currency and are, therefore, affected by deferred tax results.

These results account for the impact of local currency fluctuations against the U.S. dollar, as well as for the effect of local inflation.

‌$ MILLION

1Q25

4Q24

1Q24

Current income tax expense

(25)

(10)

(126)

Deferred tax gain (loss)

3 (54)

Income tax expense

(23)

(64)

(40)

Result before income tax

165

397

532

Effective tax rate

14%

16%

‌Net Income

491

124

188

333

(71)

(743)

142

NET INCOME (LOSS)

$ MILLION

In the first quarter of 2025, Ternium recorded net income of $142 million, which included a provision adjustment charge of $45 million for ongoing litigation related to the acquisition of a participation in Usiminas. This adjustment accounted for interest accrual and the appreciation of the Brazilian Real versus the U.S. dollar in the quarter. Excluding this, Adjusted Net Income amounted to $188 million, on operating income of $132 million and a financial result gain of $63 million.

Adjusted Equity Holder's Net Income was $108 million in the first quarter, or $55 cents 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.

1Q24 2Q24 3Q24 4Q24 1Q25

Adjusted Net Income (Loss) Net Income (Loss)

‌$ MILLION

1Q25

4Q24

1Q24

Owners of the parent

281

361

Non-controlling interest

130

Net Income

142

333

491

Excluding provision charge (reversal) for ongoing litigation related to the acquisition of a participation in Usiminas in 2012

(404)

Adjusted Net Income (Loss)

188

(71)

491

$ per ADS

1Q25

4Q24

1Q24

Earnings per ADS

0.34

1.43

1.84

Adjusted Earnings (Losses) per ADS

0.55

(0.42)

1.84

‌Cash Flow and Liquidity

In the first quarter of 2025, cash from operations amounted to $207 million after a $55 million increase in working capital. Trade and other receivables rose by a net $205 million during the period, driven by higher sales. In addition, trade payables and other liabilities declined by $98 million in the first quarter. On the other hand, inventories decreased by $249

million due to lower costs and volumes.

Capital expenditures totaled $518 million in the first quarter, primarily reflecting the progress made in the construction of the new facilities at Ternium's industrial center in Pesquería, Mexico.

CASH FROM OPERATIONS, CHANGES IN WORKING CAPITAL

$ BILLION

CAPITAL EXPENDITURES

$ MILLION

449

561

409

446

518

0.7

0.5

0.2

0.3

0.2

(0.1)

(0.3)

(0.2)

1Q24 2Q24 3Q24 4Q24 1Q25

Cash from operations  (Incr.) decr. in working capital

1Q24 2Q24 3Q24 4Q24 1Q25

Usiminas

NET CASH POSITION

$ BILLION

‌Ternium's Net Cash position declined by $358 million during the first quarter of 2025, reaching $1.3 billion at the end of March 2025, primarily due to cash

outflows related to its capital expenditure program.

1.7

1.6

1.3

2.0 1.9

1Q24 2Q24 3Q24 4Q24 1Q25

Ternium will host a conference call on April 30, 2025, at 8:30 a.m. ET in which management will discuss first quarter of 2025 results. A webcast link will be available in the Investor Center section of the company's website at https://www.ternium.com.

Some 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.

Ternium 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 https://www.ternium.com.

$ MILLION

1Q25

4Q24

1Q24

Net sales

3,933

3,876

4,778

Cost of sales

(3,402)

(3,426)

(3,675)

Gross profit

531

450

1,104

Selling, general and administrative expenses

(396)

(373)

(431)

Other operating (expense) income, net

(3)

(35)

Operating income

132

675

Financial expense

(54)

(52)

(45)

Financial income

Other financial income (expense), net

(86)

(200)

Equity in earnings of non-consolidated companies

Provision (charge) reversal for ongoing litigation related to the acquisition of a participation in Usiminas

(45)

404

Profit before income tax results

165

397

532

Income tax expense

(23)

(64)

(40)

Profit for the period

142

333

491

Attributable to:

Owners of the parent

281

361

Non-controlling interest

130

Profit for the period

142

333

491

$ MILLION

MARCH 31, 2025

DECEMBER 31, 2024

Property, plant and equipment, net

8,803

8,381

Intangible assets, net

1,019

1,022

Investments in non-consolidated companies

509

469

Other investments

Deferred tax assets

1,298

1,194

Receivables, net

1,030

961

Total non-current assets

12,660

12,050

Receivables, net

882

902

Derivative financial instruments

Inventories, net

4,591

4,751

Trade receivables, net

1,812

1,562

Other investments

1,924

2,160

Cash and cash equivalents

1,831

1,691

Total current assets

11,048

11,071

Non-current assets classified as held for sale

Total assets

23,716

23,129

$ MILLION

MARCH 31, 2025

DECEMBER 31, 2024

Capital and reserves attributable to the owners of the parent

12,108

11,968

Non-controlling interest

4,429

4,163

Total equity

16,537

16,132

Provisions

592

553

Deferred tax liabilities

Non current tax liabilities

Other liabilities

783

766

Trade payables

Lease liabilities

171

164

Borrowings

1,829

1,560

Total non-current liabilities

3,496

3,158

Provision for ongoing litigation related to the acquisition of a participation in Usiminas

455

410

Current income tax liabilities

107

Other liabilities

670

630

Trade payables

1,836

1,926

Derivative financial instruments

Lease liabilities

Borrowings

641

670

Total current liabilities

3,683

3,839

Total liabilities

7,179

6,997

Total equity and liabilities

23,716

23,129

$ MILLION

1Q25

4Q24

1Q24

Result for the period

142

333

491

Adjustments for:

Depreciation and amortization

184

189

171

Income tax accruals less payments

(50)

(13)

Equity in earnings of non-consolidated companies

(16)

(18)

(20)

Provision charge (reversal) for ongoing litigation related to the acquisition of a participation in Usiminas

(404)

Interest accruals less payments / receipts, net

(7)

(2)

Changes in provisions

(7)

Changes in working capital

(55)

257

(266)

Net foreign exchange results and others

(56)

120

Impairment of Las Encinas' mining assets

Net cash provided by operating activities

207

472

475

Capital expenditures and advances to suppliers for PP&E

(518)

(561)

(449)

Decrease (increase) in other investments

243

296

Proceeds from the sale of property, plant & equipment

Dividends received from non-consolidated companies

Net cash used in investing activities

(273)

(243)

(447)

Dividends paid in cash to company's shareholders

(177)

Dividends paid in cash to non-controlling interest

(5)

Finance lease payments

(20)

(15)

(18)

Proceeds from borrowings

573

272

131

Repayments of borrowings

(385)

(139)

(166)

Net cash provided by (used in) financing activities

167

(63)

(53)

Increase (decrease) in cash and cash equivalents

101

165

(24)

These 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.

1Q25 4Q24 1Q24

$ MILLION

Net income 142 333 491

Adjusted to exclude:

Depreciation and amortization

184

189

171

Income tax results

Net financial results

(63)

163

Equity in earnings of non-consolidated companies

(16)

(18)

(20)

Provision charge (reversal) for ongoing litigation related to the

(404)

acquisition of a participation in Usiminas

Impairment of Las Encinas' mining assets

Adjusted to include:

Proportional EBITDA in Unigal (70% participation)

Adjusted EBITDA

322

270

855

Divided by: net sales

3,933

3,876

4,778

Adjusted EBITDA Margin (%)

18%

1Q25 4Q24 1Q24

$ MILLION

Operating Income - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates)

244

308

593

Plus/Minus differences in cost of sales (IFRS)

(116)

(259)

Excluding depreciation and amortization

142

137

Including proportional EBITDA in Unigal (70% participation)

Cash Operating Income

276

197

798

Divided by: steel shipments (thousand tons)

3,857

3,764

3,894

Cash Operating Income per Ton - Steel

205

Divided by: steel net sales

3,801

3,767

4,690

Cash Operating Income Margin - Steel (%)

17%

Cash Operating Income - Mining Segment

$ MILLION

1Q25

4Q24

1Q24

Operating Result - Management View (Note "Segment Information" to Ternium's Financial Statements as of the corresponding dates)

(2)

(35)

(22)

Plus/minus differences in cost of sales (IFRS)

Excluding depreciation and amortization

Impairment of Las Encinas' mining assets

Cash Operating Income

Divided by: mining shipments (thousand tons)

3,059

2,995

2,695

Cash Operating Income per Ton - Mining

Divided by: mining net sales

280

249

274

Cash Operating Income Margin - Mining (%)

20%

24%

1Q25 4Q24 1Q24

$ MILLION

Net income 142 333 491

Excluding provision charge (reversal) for ongoing litigation related to the acquisition of a participation in Usiminas

45 (404) -

Adjusted Net Income (Loss) 188 (71) 491

$ MILLION

1Q25 4Q24 1Q24

Equity holders' net income

281

361

Excluding provision charge (reversal) for ongoing litigation related to the acquisition of a participation in Usiminas

(364)

Adjusted Equity Holders' Net Income (Loss)

108

(83)

361

Divided by: outstanding shares of common stock, net of treasury shares (expressed in million of ADS equivalent)

196

Adjusted Earnings (Losses) per ADS ($)

0.55

(0.42)

1.84

Free Cash Flow

$ MILLION

1Q25

4Q24

1Q24

Net cash provided by operating activities

207

472

475

Excluding capital expenditures and advances to suppliers for PP&E

(518)

(561)

(449)

Free Cash Flow

(311)

(90)

$ BILLION

MARCH 31,

2025

DECEMBER 31,

2024

MARCH 31,

2024

Cash and cash equivalents

1.8

1.7

1.8

Plus: other investments (current and non-current)

1.9

2.2

2.3

Less: borrowings (current and non-current)

(2.5)

(2.2)

(2.1)

Net Cash

1.3

1.6

2.0

Note: Ternium Argentina's consolidated position of cash and cash equivalents and other investments amounted to $1.1 billion as of March 31, 2025, $1.3 billion as of December 31, 2024 and $1.2 billion as of March 31, 2024.

Disclaimer

Ternium SA published this content on April 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2025 at 23:24 UTC.