Peruvian iron ore producer Shougang Hierro Peru (SHP) announced financial results for 2025. The company posted a net profit of PEN 1.830 billion ($375 million) for 2025, compared with PEN 2.089 billion ($622 million) in 2024.
The decline in profit reflected mainly a decline in sold volume due to an accident in May with a ship loader at the San Nicolas terminal, the company said. The company's result was also impacted by the lower average ore price.
Net sales decreased by 25.3 percent to PEN 4.382 billion (USD 1.304 billion), gross profit decreased by 33.8 percent to PEN 1.936 billion (USD 576 million), and operating profit decreased by 40.9 percent to PEN 1.539 billion (USD 458 billion). million US dollars).
During 2025, the company sold 16.247 million tons of iron ore, compared to 19.843 million tons in 2024.
Considering the fourth quarter of 2025, compared to the same period in 2024, net profit decreased by 28.5 percent to PEN 340 million ($101 million), with net sales up 23.4 percent to PEN. 1.657 billion (USD 493 million), gross profit increased by 3.9 percent to PEN 777 million (USD 231 million) and operating profit decreased by 7.9 percent to PEN 625 million (USD 186 million).
$=PEN 3.36 (February 19)
