Ternium (TX) reported net income of US$ 367.9 mn in the third quarter of 2026, compared with a net loss of US$ 269.9 mn in the same period of 2025. Income attributable to controlling shareholders was US$ 279.5 mn, and earnings per share (EPS) was US$ 0.14, versus US$ 0.01 a year earlier. The figures come from the unaudited interim financial statements.
Net revenue totaled US$ 4.6 bn in the quarter (US$ 4,644.3 mn), compared with US$ 3.95 bn (US$ 3,954.6 mn) in 3Q25. Gross profit was US$ 1.04 bn (US$ 1,036.6 mn), versus US$ 608.4 mn, and operating income reached US$ 577.9 mn, versus US$ 215.4 mn. Income tax was US$ 214.9 mn, versus US$ 443.6 mn in 3Q25, when the company recorded a US$ 405 mn write-off of Usiminas deferred tax assets.
In the first nine months of 2026, net income was US$ 1.2 bn (US$ 1,204.8 mn), versus US$ 131.8 mn in the same period of 2025. Revenue was US$ 12.9 bn, and EPS was US$ 0.43, versus US$ 0.15. Cash provided by operations was US$ 1.1 bn (US$ 1,086.2 mn), versus US$ 1.8 bn (US$ 1,786.1 mn). Capital expenditures (capex) totaled US$ 1.2 bn (US$ 1,234.9 mn), versus US$ 2.0 bn (US$ 2,038.0 mn).
On February 10, 2026, Ternium completed the purchase of additional interests in Usiminas' control group for about US$ 315.2 mn in cash, raising its stake in that group from 51.5% to 83.1%. On January 14, 2026, Ternium Argentina acquired Tubos Argentinos for US$ 24.1 mn.
As of September 30, 2026, gross debt was US$ 3.1 bn (US$ 3,093.8 mn). The company maintains a provision of US$ 619.1 mn for the lawsuit filed by CSN in Brazil over the purchase of the Usiminas stake. In May 2026, it paid a net dividend of US$ 0.13 per share (US$ 255.2 mn in total).
