Financial Information by Segments (Tables)

12 Months Ended

Dec. 31, 2025

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