NYSE : CPAC
Cementos Pacasmayo S.A.A. — Financial statements
Materials · Building Materials · Peru
Last price 12.76 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.08B
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Financial statements
Cementos Pacasmayo S.A.A. (CPAC) reported revenue of 2.25B PEN (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.25B | 2.12B | 1.98B | 1.95B | 2.12B | 1.94B |
| Cost of Revenue | 1.35B | 1.31B | 1.25B | 1.26B | 1.46B | 1.38B |
| Gross Profit | 899.34M | 806.87M | 728.53M | 689.45M | 652.03M | 559.43M |
| Selling, General & Admin | 387.31M | 385.33M | 335.35M | 303.36M | 287.14M | 242.03M |
| Other Operating Expenses | -1.26M | -2.18M | 2.70M | 13.81M | 9.57M | -845.00K |
| Operating Expenses | 386.04M | 383.15M | 338.05M | 317.17M | 296.71M | 241.18M |
| Operating Income | 513.30M | 423.71M | 390.48M | 372.28M | 355.32M | 318.25M |
| Interest Expense | -86.99M | -89.88M | -99.74M | -102.06M | -93.81M | -88.23M |
| Interest & Investment Income | 11.25M | 11.29M | 6.30M | 7.25M | 3.31M | 2.89M |
| Currency Exchange Gain (Loss) | -314.00K | 2.62M | -836.00K | 4.93M | -1.04M | -7.09M |
| Other Non Operating Income (Expenses) | -2.12M | -2.14M | -11.00K | -147.00K | -1.35M | -1.72M |
| EBT Excluding Unusual Items | 435.12M | 345.60M | 296.19M | 282.26M | 262.42M | 224.11M |
| Merger & Restructuring Charges | -77.62M | -77.62M | ||||
| Asset Writedown | -36.55M | |||||
| Pretax Income | 357.49M | 267.98M | 296.19M | 245.71M | 262.42M | 224.11M |
| Income Tax Expense | 144.59M | 113.77M | 97.31M | 76.81M | 85.59M | 70.94M |
| Earnings From Continuing Operations | 212.90M | 154.21M | 198.88M | 168.90M | 176.83M | 153.17M |
| Net Income to Company | 212.90M | 154.21M | 198.88M | 168.90M | 176.83M | 153.17M |
| Net Income | 212.90M | 154.21M | 198.88M | 168.90M | 176.83M | 153.17M |
| Net Income to Common | 212.90M | 154.21M | 198.88M | 168.90M | 176.83M | 153.17M |
| Shares Outstanding (Basic) | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M |
| Shares Outstanding (Diluted) | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M |
| EPS (Basic) | 0.50 | 0.36 | 0.46 | 0.39 | 0.41 | 0.36 |
| EPS (Diluted) | 0.50 | 0.36 | 0.46 | 0.39 | 0.41 | 0.36 |
| Free Cash Flow | 393.12M | 257.79M | 256.82M | 139.72M | -50.97M | 84.97M |
| Free Cash Flow Per Share | 0.92 | 0.60 | 0.60 | 0.33 | -0.12 | 0.20 |
| Dividend Per Share | 0.41 | 0.41 | 0.41 | 0.41 | 0.42 | 0.79 |
| Gross Margin | 40.00% | 38.12% | 36.83% | 35.35% | 30.82% | 28.87% |
| Operating Margin | 22.83% | 20.02% | 19.74% | 19.09% | 16.79% | 16.42% |
| Profit Margin | 9.47% | 7.29% | 10.05% | 8.66% | 8.36% | 7.90% |
| Free Cash Flow Margin | 17.49% | 12.18% | 12.98% | 7.17% | -2.41% | 4.38% |
| EBITDA | 657.02M | 569.17M | 536.10M | 516.48M | 493.86M | 453.82M |
| EBITDA Margin | 29.23% | 26.89% | 27.10% | 26.48% | 23.34% | 23.42% |
| D&A For EBITDA | 143.72M | 145.46M | 145.63M | 144.19M | 138.54M | 135.57M |
| EBIT | 513.30M | 423.71M | 390.48M | 372.28M | 355.32M | 318.25M |
| EBIT Margin | 22.83% | 20.02% | 19.74% | 19.09% | 16.79% | 16.42% |
| Effective Tax Rate | 40.45% | 42.45% | 32.86% | 31.26% | 32.62% | 31.65% |
| Advertising Expenses | 15.59M | 9.14M | 7.55M | 6.42M | 5.64M |
Balance sheet
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 199.46M | 53.57M | 72.72M | 90.19M | 81.77M | 273.40M |
| Cash & Short-Term Investments | 199.46M | 53.57M | 72.72M | 90.19M | 81.77M | 273.40M |
| Accounts Receivable | 121.95M | 122.29M | 112.60M | 76.80M | 72.94M | 86.85M |
| Other Receivables | 17.37M | 17.45M | 17.26M | 19.49M | 26.63M | 12.88M |
| Receivables | 142.18M | 142.65M | 130.78M | 98.37M | 101.25M | 101.40M |
| Inventory | 651.50M | 707.14M | 774.00M | 791.07M | 884.97M | 605.18M |
| Prepaid Expenses | 38.62M | 17.50M | 6.87M | 6.81M | 25.06M | 18.80M |
| Other Current Assets | 68.73M | 28.88M | 8.13M | 5.81M | 95.41M | 10.60M |
| Total Current Assets | 1.10B | 949.75M | 992.50M | 992.25M | 1.19B | 1.01B |
| Property, Plant & Equipment | 1.98B | 2.02B | 2.04B | 2.11B | 2.01B | 1.98B |
| Long-Term Investments | 998.00K | 163.00K | 239.00K | 249.00K | 274.00K | 476.00K |
| Goodwill | 4.46M | 4.46M | 4.46M | 4.46M | 4.46M | 4.46M |
| Other Intangible Assets | 59.96M | 62.80M | 63.60M | 62.92M | 56.86M | 50.49M |
| Long-Term Deferred Tax Assets | 35.02M | 34.99M | 21.82M | 11.43M | 9.01M | 9.45M |
| Other Long-Term Assets | 28.30M | 28.50M | 43.27M | 43.47M | 43.63M | 147.82M |
| Total Assets | 3.21B | 3.10B | 3.17B | 3.22B | 3.31B | 3.20B |
| Accounts Payable | 88.91M | 94.66M | 96.57M | 107.63M | 157.05M | 111.48M |
| Accrued Expenses | 127.83M | 162.58M | 132.94M | 136.27M | 104.92M | 95.44M |
| Short-Term Debt | 415.20M | 377.20M | 303.20M | 228.00M | 578.70M | 450.96M |
| Current Portion of Long-Term Debt | 155.15M | 155.15M | 155.15M | 155.15M | 40.21M | |
| Current Portion of Leases | 4.31M | 4.88M | 2.96M | 4.00M | 2.00M | 1.86M |
| Current Income Taxes Payable | 2.37M | 3.78M | 17.94M | 14.22M | 16.34M | 17.52M |
| Current Unearned Revenue | 8.34M | |||||
| Other Current Liabilities | 111.29M | 74.36M | 56.80M | 35.78M | 53.91M | 44.90M |
| Total Current Liabilities | 905.06M | 872.61M | 765.55M | 689.39M | 953.14M | 722.16M |
| Long-Term Debt | 802.29M | 879.81M | 1.03B | 1.19B | 974.26M | 1.09B |
| Long-Term Leases | 9.52M | 11.35M | 6.46M | 4.13M | 2.35M | 3.97M |
| Long-Term Deferred Tax Liabilities | 116.82M | 119.23M | 117.94M | 120.88M | 141.63M | 148.80M |
| Other Long-Term Liabilities | 20.73M | 29.00M | 28.15M | 27.45M | 47.64M | 36.64M |
| Total Liabilities | 1.85B | 1.91B | 1.95B | 2.03B | 2.12B | 2.01B |
| Common Stock | 464.15M | 464.15M | 464.15M | 464.15M | 464.15M | 464.15M |
| Additional Paid-In Capital | 432.78M | 432.78M | 432.78M | 432.78M | 432.78M | 432.78M |
| Retained Earnings | 591.85M | 432.66M | 453.98M | 430.63M | 437.25M | 440.23M |
| Treasury Stock | -121.26M | -121.26M | -121.26M | -121.26M | -121.26M | -121.26M |
| Comprehensive Income & Other | -16.38M | -16.97M | -16.55M | -16.29M | -17.79M | -20.09M |
| Total Common Equity | 1.35B | 1.19B | 1.21B | 1.19B | 1.20B | 1.20B |
| Shareholders' Equity | 1.35B | 1.19B | 1.21B | 1.19B | 1.20B | 1.20B |
| Total Liabilities & Equity | 3.21B | 3.10B | 3.17B | 3.22B | 3.31B | 3.20B |
| Total Debt | 1.39B | 1.43B | 1.50B | 1.58B | 1.60B | 1.55B |
| Net Cash (Debt) | -1.19B | -1.37B | -1.43B | -1.49B | -1.52B | -1.28B |
| Net Cash Per Share | -2.77 | -3.21 | -3.34 | -3.48 | -3.54 | -2.98 |
| Filing Date Shares Outstanding | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M |
| Total Common Shares Outstanding | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M | 428.11M |
| Working Capital | 195.43M | 77.14M | 226.94M | 302.86M | 235.31M | 287.23M |
| Book Value Per Share | 3.16 | 2.78 | 2.83 | 2.78 | 2.79 | 2.79 |
| Tangible Book Value | 1.29B | 1.12B | 1.15B | 1.12B | 1.13B | 1.14B |
| Tangible Book Value Per Share | 3.01 | 2.63 | 2.67 | 2.62 | 2.65 | 2.66 |
| Land | 259.82M | 259.82M | 256.16M | 254.60M | 251.51M | 256.55M |
| Buildings | 1.04B | 1.02B | 1.01B | 791.19M | 680.98M | 679.51M |
| Machinery | 1.98B | 1.97B | 1.89B | 2.03B | 1.86B | 1.84B |
| Construction In Progress | 30.14M | 46.22M | 34.52M | 42.66M | 172.09M | 61.41M |
Cash flow statement
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 212.90M | 154.21M | 198.88M | 168.90M | 176.83M | 153.17M |
| Depreciation & Amortization | 143.72M | 145.46M | 145.63M | 144.19M | 138.54M | 135.57M |
| Other Amortization | 15.15M | 15.35M | 13.95M | 1.25M | 1.03M | 815.00K |
| Loss (Gain) From Sale of Assets | -1.28M | -2.03M | -3.64M | -813.00K | -591.00K | -1.77M |
| Asset Writedown & Restructuring Costs | 36.55M | |||||
| Loss (Gain) From Sale of Investments | -19.00K | 59.00K | 980.00K | |||
| Stock-Based Compensation | 3.68M | 4.92M | 7.17M | 7.63M | 8.27M | 9.76M |
| Provision & Write-off of Bad Debts | 3.64M | 3.47M | 2.75M | 1.71M | 1.97M | 563.00K |
| Other Operating Activities | -52.27M | -46.10M | 488.00K | -656.00K | 21.49M | 34.84M |
| Change in Accounts Receivable | 26.40M | -3.61M | -34.19M | -1.87M | -3.69M | -47.71M |
| Change in Inventory | 98.72M | 68.63M | 5.97M | 90.92M | -282.55M | -151.53M |
| Change in Accounts Payable | 16.47M | 31.59M | -14.89M | -48.68M | 60.57M | 48.83M |
| Change in Other Net Operating Assets | 15.28M | -11.27M | -951.00K | 13.21M | -10.10M | -12.96M |
| Operating Cash Flow | 482.42M | 360.63M | 321.14M | 412.32M | 111.82M | 170.56M |
| Capital Expenditures | -89.30M | -102.83M | -64.32M | -272.60M | -162.78M | -85.59M |
| Sale of Property, Plant & Equipment | 3.21M | 3.26M | 4.40M | 1.39M | 2.66M | 4.15M |
| Sale (Purchase) of Intangibles | -15.66M | -15.89M | -16.56M | -16.71M | -15.71M | -8.95M |
| Investment in Securities | -512.00K | -360.00K | -363.00K | -1.78M | ||
| Investing Cash Flow | -100.76M | -115.44M | -76.61M | -289.44M | -176.19M | -91.82M |
| Short-Term Debt Issued | 85.33M | |||||
| Long-Term Debt Issued | 392.20M | 303.20M | 639.00M | 525.00M | 220.00M | |
| Total Debt Issued | 430.20M | 392.20M | 303.20M | 724.33M | 525.00M | 220.00M |
| Short-Term Debt Repaid | -85.33M | |||||
| Long-Term Debt Repaid | -481.81M | -389.79M | -665.08M | -451.50M | -2.42M | |
| Lease Payments | -7.22M | -7.24M | -5.43M | -3.56M | -2.51M | -2.42M |
| Total Debt Repaid | -517.79M | -481.81M | -389.79M | -750.42M | -451.50M | -2.42M |
| Net Debt Issued (Repaid) | -87.59M | -89.61M | -86.59M | -26.08M | 73.50M | 217.58M |
| Common Dividends Paid | -175.38M | -175.46M | -175.05M | -175.43M | -179.82M | -336.82M |
| Other Financing Activities | 626.00K | 660.00K | 297.00K | 86.08M | -15.16M | -10.85M |
| Financing Cash Flow | -262.34M | -264.41M | -261.34M | -115.44M | -121.48M | -130.09M |
| Foreign Exchange Rate Adjustments | -496.00K | 69.00K | -663.00K | 976.00K | -5.78M | 15.85M |
| Net Cash Flow | 118.82M | -19.15M | -17.47M | 8.42M | -191.63M | -35.51M |
| Free Cash Flow | 393.12M | 257.79M | 256.82M | 139.72M | -50.97M | 84.97M |
| Free Cash Flow Margin | 17.49% | 12.18% | 12.98% | 7.17% | -2.41% | 4.38% |
| Free Cash Flow Per Share | 0.92 | 0.60 | 0.60 | 0.33 | -0.12 | 0.20 |
| Levered Free Cash Flow | 442.67M | 310.38M | 251.86M | 207.30M | -183.30M | 89.47M |
| Unlevered Free Cash Flow | 495.71M | 365.23M | 312.87M | 269.84M | -125.69M | 143.80M |
| Free Cash Flow After Leases | 385.89M | 250.55M | 251.40M | 136.16M | -53.48M | 82.55M |
| Cash Interest Paid | 87.38M | 91.90M | 99.68M | 96.91M | 80.57M | 68.43M |
| Cash Income Tax Paid | 199.69M | 156.75M | 111.00M | 103.09M | 94.16M | 55.40M |
| Change in Working Capital | 156.87M | 85.35M | -44.07M | 53.58M | -235.78M | -163.37M |
Ratios
Fiscal year January - December; amounts in PEN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.08B | 894.05M | 480.66M | 435.49M | 443.44M | 530.83M |
| Enterprise Value | 1.42B | 1.26B | 833.67M | 811.18M | 793.47M | 849.83M |
| Last Close Price | 12.76 | 10.42 | 4.83 | 4.38 | 4.00 | 4.42 |
| PE Ratio | 17.81 | 19.50 | 9.12 | 9.57 | 9.55 | 13.83 |
| PS Ratio | 1.63 | 1.42 | 0.92 | 0.83 | 0.80 | 1.09 |
| PB Ratio | 2.72 | 2.52 | 1.49 | 1.36 | 1.41 | 1.77 |
| P/TBV Ratio | 2.85 | 2.68 | 1.58 | 1.44 | 1.49 | 1.86 |
| P/FCF Ratio | 9.50 | 11.67 | 7.06 | 11.57 | 24.94 | |
| P/OCF Ratio | 7.74 | 8.34 | 5.64 | 3.92 | 15.11 | 12.42 |
| EV/Sales Ratio | 2.15 | 2.01 | 1.59 | 1.54 | 1.43 | 1.75 |
| EV/EBITDA Ratio | 7.37 | 7.48 | 5.87 | 5.83 | 6.12 | 7.47 |
| EV/EBIT Ratio | 9.44 | 10.04 | 8.05 | 8.09 | 8.51 | 10.66 |
| EV/FCF Ratio | 12.52 | 16.51 | 12.24 | 21.56 | 39.92 | |
| Debt / Equity Ratio | 1.03 | 1.20 | 1.24 | 1.33 | 1.34 | 1.30 |
| Debt / EBITDA Ratio | 2.11 | 2.51 | 2.80 | 3.06 | 3.23 | 3.42 |
| Debt / FCF Ratio | 3.53 | 5.54 | 5.85 | 11.32 | 18.26 | |
| Net Debt / Equity Ratio | 0.88 | 1.15 | 1.18 | 1.25 | 1.27 | 1.07 |
| Net Debt / EBITDA Ratio | 1.81 | 2.42 | 2.67 | 2.89 | 3.07 | 2.82 |
| Net Debt / FCF Ratio | 3.02 | 5.33 | 5.57 | 10.67 | -29.74 | 15.04 |
| Asset Turnover | 0.70 | 0.68 | 0.62 | 0.60 | 0.65 | 0.62 |
| Inventory Turnover | 1.93 | 1.77 | 1.60 | 1.50 | 1.97 | 2.59 |
| Quick Ratio | 0.37 | 0.22 | 0.27 | 0.27 | 0.19 | 0.52 |
| Current Ratio | 1.22 | 1.09 | 1.30 | 1.44 | 1.25 | 1.40 |
| Return on Equity (ROE) | 15.98% | 12.83% | 16.55% | 14.16% | 14.79% | 11.95% |
| Return on Assets (ROA) | 9.97% | 8.45% | 7.64% | 7.12% | 6.82% | 6.40% |
| Return on Invested Capital (ROIC) | 11.82% | 9.36% | 9.85% | 9.49% | 9.24% | 9.05% |
| Return on Capital Employed (ROCE) | 22.30% | 19.00% | 16.30% | 14.70% | 15.00% | 12.80% |
| Earnings Yield | 5.61% | 5.13% | 10.97% | 10.44% | 10.47% | 7.23% |
| FCF Yield | 10.53% | 8.57% | 14.17% | 8.64% | -3.02% | 4.01% |
| Dividend Yield | 4.77% | 5.84% | 9.68% | 10.85% | 10.64% | 15.96% |
| Payout Ratio | 84.57% | 113.78% | 88.02% | 103.87% | 101.69% | 219.90% |
| Total Shareholder Return | 4.77% | 5.84% | 9.68% | 10.85% | 10.64% | 15.96% |