Steel company Ternium reported net income of $171 million in the fourth quarter of 2025, compared with $333 million in the fourth quarter of 2024.
At the same comparative level, net sales fell 3 percent to $3.775 billion and operating income rose 275 percent to $159 million. Tax deferrals of $94 million were a major driver of net profitability in the fourth quarter of 2025.
In volume terms, steel product shipments decreased 1 percent to 3.727 million tons, while iron ore shipments increased 12 percent to 3.361 million tons.
The regional distribution of steel supply improved in the fourth quarter, with Mexico as the main player (1.887 million tons), followed by Brazil (965,000 tons), other South America (567,000 tons) and other regions (307,000 tons).
Based on 2025 results, Ternium's net income rose 74 percent to $303 million, with net sales down 12 percent to $15.609 billion. Operating profit fell 44 percent to $705 million and steel shipments fell 4 percent to 15.060 million tons, although iron ore shipments increased 14 percent to 12.951 million tons. Ternium, controlled by the Techint group, has production facilities in Mexico, Argentina, Brazil, Colombia, Guatemala and the United States.
