Grupo México Q3 2026 slides: record EBITDA on copper surge

Grupo México reported its Q3 2026 results on October 22, highlighting its strongest nine-month performance in history. The company's revenue reached $17.6 billion, a 35.3% increase from the previous year, while EBITDA stood at $10.6 billion, a 49.9% increase. Despite the strong performance, shares fell 4.04% to $232.09. The company's diversified business includes mining, transportation, and infrastructure.

Mining drove the majority of earnings, with sales up 39.6% to $14.4 billion and EBITDA increasing 59.9% to $9.2 billion. Copper prices played a significant role in the mining division's performance, rising 44% year-over-year. The company also benefited from price increases in molybdenum, zinc, and silver. Capital expenditure for mining reached $1.4 billion, with plans for additional 156,000 tons of copper capacity in the next six years.