Mexican cement producer Cemex reported a 38% increase in second-quarter 2025 net profit, reaching $318 million. This profit rise occurred despite a 5% dip in sales to $4.13 billion and an 11% drop in core earnings (EBITDA) to $823 million.
The increase in net profit was attributed to a restructuring program implemented by the new management, which included thousands of layoffs. This program is part of the broader Project Cutting Edge initiative, focused on operational efficiencies and cost management.
The company raised its 2025 EBITDA savings target for Project Cutting Edge to $200 million, up from an initial $150 million, with a projected run rate of $400 million by 2027. These efforts are directly enhancing profitability and free cash flow generation, despite volume declines in key markets like Mexico and the United States.
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