v3.26.1
Financial Information by Segments
 12 Months Ended
Dec. 31, 2025
Financial Information by Segments [Abstract]  
Financial information by segments
24. Financial information by segments

 

The Company analyses its information by region, due to the operational structure and the organization of its business. Information used for making decisions is based on such regions. The Company’s sales are made in Mexico, the United States of America and Brazil. The Mexican segment includes the plants in Mexicali, Guadalajara, Tlaxcala and San Luis Potosi. The USA segment includes seven Republic plants six of which are located in the United States (Ohio, Indiana and New York) and one in Canada (Ontario). The plant in Canada stopped operating in 2018. The Brazilian segment includes the plants in Pindamonhangaba, Cariacica and Itaúna. The segments are engaged in the manufacturing and sale of long steel products intended mainly for the building and automotive industries.

 

   Year ended December 31, 2025 
   Mexico   USA   Brazil   Eliminations
between
segments		   Total 
                     
Net sales  $18,184,778   $28,997   $12,077,629        $30,291,404 
Cost of sales   (14,201,867)   (116,098)   (8,465,386)        (22,783,351)
                          
Gross profit (loss)   3,982,911    (87,101)   3,612,243         7,508,053 
Operating expenses   (1,223,934)   (419,665)   (1,185,853)        (2,829,452)
Other income (expenses), net   (6,595)   295,135    237,948         526,488 
Interest income and dividends   1,202,487    0    16,766         1,219,253 
Interest expense Loss on financial instruments   981    (6,011)   (105,813)        (110,843)
Exchange rate gain (loss), net   (3,573,739)   (32,762)   139,165    (139,165)   (3,606,501)
                          
Income (loss) before income taxes   382,111    (250,404)   2,714,456    (139,165)   2,706,998 
Income taxes   899,435    (40,188)   352,587         1,211,834 
                          
Net income (loss) for the year  $(517,324)  $(210,216)  $2,361,869   $(139,165)  $1,495,164 
                          
Depreciation and Amortization  $573,416   $188,838   $320,013        $1,082,267 
Total assets   51,752,152    5,773,480    17,907,272   $(4,154,012)   71,278,892 
                          
Total liabilities   7,113,318    2,873,062    6,212,674    (4,154,012)   12,045,042 
                          
Acquisitions of property, plant and equipment   838,066    0    2,053,462         2,891,528 
   Year ended December 31, 2024 
   Mexico   USA   Brazil   Eliminations
between
segments		   Total 
                     
Net sales  $19,529,921   $92,215   $14,035,536        $33,657,672 
Cost of sales   (15,168,258)   (212,771)   (10,651,722)        (26,032,751)
                          
Gross profit (loss)   4,361,663    (120,556)   3,383,814         7,624,921 
Operating expenses   (996,915)   (477,245)   (1,128,351)        (2,602,511)
Other income (expenses), net   329,915    (750,518)   699,286         278,683 
Interest income and dividends   1,686,870         -         1,686,870 
Interest expense Loss on financial instruments   1,972    (5,705)   (422,358)   422,358    (3,733)
Exchange rate gain (loss), net   5,557,126    (737)   227,122    (227,122)   5,556,389 
                          
Income (loss) before income taxes   10,940,631    (1,354,761)   2,759,513    195,236    12,540,619 
Income taxes   1,135,674    (81,401)   1,005,850         2,060,123 
                          
Net income (loss) for the year  $9,804,957   $(1,273,360)  $1,753,663   $195,236   $10,480,496 
                          
Depreciation and Amortization  $623,556   $179,732   $263,094        $1,066,382 
Total assets   50,325,892    9,708,618    17,699,144   $(4,435,253)   73,298,401 
                          
Total liabilities   4,192,751    6,168,335    8,130,556    (4,435,253)   14,056,389 
                          
Acquisitions of property, plant and equipment   194,940    (695)   1,932,717         2,126,962 

 

   Year ended December 31, 2023 
   Mexico   USA   Brazil   Eliminations
between
segments		   Total 
                     
Net sales  $24,777,369   $2,417,219   $13,944,660        $41,139,248 
Cost of sales   (17,937,267)   (3,398,928)   (9,763,911)        (31,100,106)
                          
Gross profit (loss)   6,840,102    (981,709)   4,180,749         10,039,142 
Operating expenses   (970,482)   (291,552)   (1,055,024)        (2,317,058)
Other income (expenses), net   16,319    (309,117)   173,252         (119,546)
Interest income and dividends   931,866    82,224    -    (82,224)   931,866 
Interest expense Loss on financial instruments   (89,293)   (146,592)   (122,921)   269,513    (89,293)
Exchange rate gain (loss), net   (2,430,781)   (219)   (181,424)   181,424    (2,431,000)
                          
Income (loss) before income taxes   4,297,731    (1,646,965)   2,994,632    368,713    6,014,111 
Income taxes   1,234,278    (144,630)   650,350         1,739,998 
                          
Net income (loss) for the year  $3,063,453   $(1,502,335)  $2,344,282    368,713    4,274,113 
                          
                          
Depreciation and Amortization  $618,445   $155,794   $261,005         1,035,244 
Total assets   43,890,081    9,069,596    18,203,408    (4,375,473)  $66,787,612 
                          
Total liabilities   6,912,766    4,602,653    9,842,201    (4,375,473)   16,982,147 
                          
Acquisitions of property, plant and equipment   210,422    (350,360)   2,632,611         2,492,673