お知らせ • May 21
Ternium Argentina S.A. to Report Q2, 2026 Results on Jul 31, 2026 Ternium Argentina S.A. announced that they will report Q2, 2026 results at 5:00 PM, Argentina Standard Time on Jul 31, 2026 Reported Earnings • May 11
First quarter 2026 earnings released: EPS: AR$45.05 (vs AR$8.04 in 1Q 2025) First quarter 2026 results: EPS: AR$45.05 (up from AR$8.04 in 1Q 2025). Revenue: AR$609.1b (up 25% from 1Q 2025). Net income: AR$203.5b (up 460% from 1Q 2025). Profit margin: 33% (up from 7.4% in 1Q 2025). The increase in margin was primarily driven by higher revenue. New Risk • Apr 12
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 149% Dividend yield: 3.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (149% payout ratio). Profit margins are more than 30% lower than last year (3.3% net profit margin). お知らせ • Mar 13
Ternium Argentina S.A. to Report Q1, 2026 Results on Apr 30, 2026 Ternium Argentina S.A. announced that they will report Q1, 2026 results on Apr 30, 2026 お知らせ • Mar 03
Ternium Argentina S.A., Annual General Meeting, Mar 31, 2026 Ternium Argentina S.A., Annual General Meeting, Mar 31, 2026. Location: pasaje carlos m della paolera 222, buenos aires Argentina Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: AR$18.47 (vs AR$23.63 in FY 2024) Full year 2025 results: EPS: AR$18.47 (down from AR$23.63 in FY 2024). Revenue: AR$2.51t (up 24% from FY 2024). Net income: AR$83.4b (down 22% from FY 2024). Profit margin: 3.3% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). お知らせ • Dec 03
Ternium Argentina S.A. to Report Q4, 2025 Results on Feb 17, 2026 Ternium Argentina S.A. announced that they will report Q4, 2025 results on Feb 17, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: AR$13.21 loss per share (vs AR$2.47 profit in 3Q 2024) Third quarter 2025 results: AR$13.21 loss per share (down from AR$2.47 profit in 3Q 2024). Revenue: AR$709.9b (up 20% from 3Q 2024). Net loss: AR$59.7b (down AR$70.8b from profit in 3Q 2024). お知らせ • Aug 09
Ternium Argentina S.A. to Report Q3, 2025 Results on Oct 28, 2025 Ternium Argentina S.A. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: AR$5.07 (vs AR$30.54 loss in 2Q 2024) Second quarter 2025 results: EPS: AR$5.07 (up from AR$30.54 loss in 2Q 2024). Revenue: AR$600.7b (up 29% from 2Q 2024). Net income: AR$22.9b (up AR$160.8b from 2Q 2024). Profit margin: 3.8% (up from net loss in 2Q 2024). Reported Earnings • May 04
First quarter 2025 earnings released: EPS: AR$8.04 (vs AR$47.95 in 1Q 2024) First quarter 2025 results: EPS: AR$8.04 (down from AR$47.95 in 1Q 2024). Revenue: AR$488.6b (up 12% from 1Q 2024). Net income: AR$36.3b (down 83% from 1Q 2024). Profit margin: 7.4% (down from 50% in 1Q 2024). お知らせ • May 03
Ternium Argentina S.A. to Report Q2, 2025 Results on Jul 25, 2025 Ternium Argentina S.A. announced that they will report Q2, 2025 results on Jul 25, 2025 New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. New Risk • Feb 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 169% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results. お知らせ • Feb 22
Ternium Argentina S.A. to Report Q1, 2025 Results on Apr 25, 2025 Ternium Argentina S.A. announced that they will report Q1, 2025 results at 5:00 PM, Argentina Standard Time on Apr 25, 2025 お知らせ • Dec 14
Ternium Argentina S.A. to Report Fiscal Year 2024 Results on Feb 14, 2025 Ternium Argentina S.A. announced that they will report fiscal year 2024 results on Feb 14, 2025 お知らせ • Dec 09
Brazilian Court Confirms Ternium's Obligation to Pay Indemnification in Connection with Its 2012 Acquisition of a Participation in Usiminas; the Decision Is Subject to Further Appeals Ternium S.A. announced that the Brazilian Superior Court of Justice (SCJ) published its unanimous decision to reject a motion of clarification filed by Ternium's subsidiaries Ternium Investments and Ternium Argentina, together with Tenaris's subsidiary Confab (all of which compose the T/T Group under the Usiminas shareholders agreement), that had sought to revert the June 18, 2024 SCJ decision ordering the T/T Group to pay Companhia Siderúrgica Nacional, or CSN, an indemnification in connection with their 2012 acquisition of a participation in Usiminas. Notwithstanding the foregoing, the SCJ unanimously resolved to modify the applicable monetary adjustment mechanism and to cap the applicable attorney's fees, thereby lowering the aggregate amount that would be payable by the T/T Group if CSN ultimately prevails in its claims. Assuming monetary adjustment through November 30, 2024, and BRL5 million in attorney's fees, in each case as determined pursuant to the SCJ decision published today, the revised aggregate amount potentially payable by Ternium Investments and Ternium Argentina would be of approximately BRL1.9 billion (approximately $307 million) and BRL 0.7 billion (approximately $109 million), respectively. Ternium continues to believe that all of CSN's claims and allegations are unsupported and without merit, and that in connection with the Usiminas acquisition the T/T Group was not required either to launch a tender offer or to pay indemnification to CSN. Accordingly, Ternium Investments and Ternium Argentina intend to continue to defend their rights vigorously and to file all available motions and appeals against the SCJ decisions that ordered an indemnification payment. New Risk • Nov 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: AR$2.47 (vs AR$5.36 in 3Q 2023) Third quarter 2024 results: EPS: AR$2.47 (down from AR$5.36 in 3Q 2023). Revenue: AR$591.1b (up 112% from 3Q 2023). Net income: AR$11.1b (down 54% from 3Q 2023). Profit margin: 1.9% (down from 8.7% in 3Q 2023). The decrease in margin was driven by higher expenses. お知らせ • Aug 06
Ternium Argentina S.A. to Report Q3, 2024 Results on Nov 01, 2024 Ternium Argentina S.A. announced that they will report Q3, 2024 results on Nov 01, 2024 New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). お知らせ • May 05
Ternium Argentina S.A. to Report Q2, 2024 Results on Jul 26, 2024 Ternium Argentina S.A. announced that they will report Q2, 2024 results on Jul 26, 2024 Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: AR$47.95 (vs AR$11.15 in 1Q 2023) First quarter 2024 results: EPS: AR$47.95 (up from AR$11.15 in 1Q 2023). Revenue: AR$436.4b (up 164% from 1Q 2023). Net income: AR$216.6b (up 330% from 1Q 2023). Profit margin: 50% (up from 30% in 1Q 2023). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Apr 09
Now 23% overvalued Over the last 90 days, the stock has fallen 9.5% to US$0.86. The fair value is estimated to be US$0.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • Mar 21
Now 23% overvalued Over the last 90 days, the stock has fallen 15% to US$0.86. The fair value is estimated to be US$0.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • Feb 27
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to US$0.83. The fair value is estimated to be US$0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 16%. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 103% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (18% net profit margin). お知らせ • Feb 03
Ternium Argentina S.A. to Report Fiscal Year 2023 Results on Feb 19, 2024 Ternium Argentina S.A. announced that they will report fiscal year 2023 results on Feb 19, 2024 Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.02, the stock trades at a trailing P/E ratio of 31.1x. Average forward P/E is 9x in the Metals and Mining industry in South America. New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 118% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to US$1.10, the stock trades at a trailing P/E ratio of 41.3x. Average forward P/E is 8x in the Metals and Mining industry in South America. お知らせ • Aug 26
Ternium Argentina S.A. to Report Q3, 2023 Results on Oct 27, 2023 Ternium Argentina S.A. announced that they will report Q3, 2023 results on Oct 27, 2023 
