Alpek SAB de CV
BMV:ALPEKA

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Alpek SAB de CV Logo
Alpek SAB de CV
BMV:ALPEKA
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Price: 10.77 MXN 0.65% Market Closed
Market Cap: Mex$22.6B

Alpek SAB de CV
Investor Relations

Alpek SAB de CV, a significant player in the chemicals and petrochemicals sector, operates from the industrial heartbeat of Monterrey, Mexico. Born out of the venerable Alfa Group, Alpek has carved out a niche primarily in the production of PTA (Purified Terephthalic Acid) and PET (Polyethylene Terephthalate). These substances are the backbone of plastic bottle manufacturing and polyester textiles, essential materials in everyday goods around the globe. With its robust vertically integrated operations, Alpek ensures a seamless connection from raw material procurement to delivering finished products. This not only optimizes cost efficiency but also enhances operational control, which is crucial in an industry that's highly competitive and sensitive to raw material price volatility.

The company's strategic approach also extends into the production of polypropylene, expandable polystyrene (EPS), and other specialty chemicals. By diversifying its product offerings, Alpek has managed to cushion itself against fluctuating market demands and raw material cycles. Additionally, it has taken strategic steps to expand geographically, growing its footprint in North, Central, and South America. This geographical diversity allows Alpek to tap into various markets and leverage different economic conditions, thereby stabilizing revenue streams. Through innovation and an unwavering commitment to sustainability, Alpek aligns itself with a dynamic market that increasingly prioritizes environmental considerations, thus positioning itself as a leader both in business acumen and corporate responsibility.

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ALPEKA
Mexico S&P/BMV IPC
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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 11, 2026
AI Summary
Q4 2025

2025 Results: Alpek's full-year comparable EBITDA was $489 million, down 30% from last year, mainly due to global overcapacity and weaker Polyester business performance.

Free Cash Flow: Operating free cash flow improved to $163 million, up 57% year-over-year, reflecting strong cash discipline.

2026 Guidance: Management projects 2026 comparable EBITDA between $450 million and $500 million, with operating free cash flow guidance of $100–150 million.

Leverage Priorities: Reducing leverage remains the top priority, with a 2026 year-end target of around 3.5x net debt to EBITDA, aiming for 2.5x longer term.

Asset Sales: Alpek expects to raise about $50 million from US asset sales in the first half of 2026, with proceeds used to pay down debt.

Dividends: Dividend payments are suspended for 2026, with management focused on deleveraging.

Polyester & Plastics: Polyester business expects modest improvement and more stable margins in 2026, while Plastics & Chemicals segment faces margin pressure due to new capacity and soft demand.

Key Financials
Comparable EBITDA
$489 million
Operating Free Cash Flow
$163 million
CapEx
$51 million (Q4), $170 million (FY 2025)
Net Debt
$1.8 billion
Net Debt to EBITDA
4.4x (reported), 3.9x (pro forma)
Polyester Volume
836,000 tons (Q4)
Plastics & Chemicals Volume
184,000 tons (Q4)
Total Segment Volume
1.02 million tons (Q4)
Polyester Comparable EBITDA
$41 million (Q4)
Plastics & Chemicals Comparable EBITDA
$55 million (Q4)
Reported EBITDA
$70 million (Q4)
Pro Forma Leverage
3.9x net debt to EBITDA
Annual CapEx
$170 million (2025)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jorge P. Young Cerecedo
Chief Executive Officer
No Bio Available
Mr. José Carlos Pons De La Garza
CFO and Director of Administration & Finance
No Bio Available
Mr. Alejandro Elizondo Fernandez
Investor Relations Officer
No Bio Available
Teresa quintero marmol Veliz
Sr. Vice President Human Capital
No Bio Available
Mr. Alejandro Llovera Zambrano
President of Polyester
No Bio Available
Andreas Plettner Rutishauser
President of Expandable Styrenics
No Bio Available
David Coindreau Garza
President of Specialty Chemicals
No Bio Available
Roberto Blanco Sanchez
President of Natural Gas
No Bio Available
Alejandro Alanis Fernandez
President of Polypropylene
No Bio Available
Mr. Felipe Garza Medina
Co-President of Alpek Polyester
No Bio Available

Contacts

Address
NUEVO LEON
San Pedro Garza Garcia
Av. Gomez Morin No. 1111, Col. Carrizalejo
Contacts
+528187481146.0
www.alpek.com
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