Grupo Lamosa

## Grupo Lamosa Financial & Operational Summary (2025–2026) **Grupo Lamosa, S.A.B. de C.V.** is a Mexican multinational and the world's second-largest ceramic tile manufacturer, established in 1890 and headquartered in San Pedro Garza García, Nuevo León. The company operates in the construction materials industry, specializing in ceramic wall and floor tiles, construction adhesives, and thermal insulation/EPS products under multiple brands including Lamosa, Porcelanite, Baldocer, Roca Tiles, and Cerámica San Lorenzo. Lamosa employs approximately 10,800–11,000 people across 36 manufacturing facilities—22 ceramic plants (9 in Mexico, 10 in South America, 3 in Spain) and 14 adhesive/insulation factories—spanning 9 countries: Mexico, the United States, Peru, Chile, Colombia, Argentina, Guatemala, Brazil, and Spain, with exports reaching over 15 additional nations. In fiscal year 2025, Lamosa reported net sales of **MXN 35.2 billion (approximately $1.83 billion USD)**, up from MXN 33.9 billion in 2024, driven primarily by strong overseas performance, particularly in Spain. Net profit reached **MXN 2 billion (~$104 million USD)**, representing a significant recovery after 2024 when high financing costs eroded earnings. The company went public in 1951 and trades on the Mexican Stock Exchange (BMV) under the ticker LAMOSA. Recent strategic initiatives include a **$200 million investment in a new smart factory in Tlaxcala, Mexico** (announced September 2025), the successful integration of Spanish tile giant **Baldocer** (acquired for at least €425 million, with an additional €71 million payment due upon 2025 performance milestones), and sustainability achievements such as ISO 17889-1 certification for Baldocer's Spanish operations and Drupps water-recovery technology implementation at the Peruvian plant. Moody's assigned Lamosa an inaugural **AA+.mx corporate credit rating** in 2024, underscoring its robust cash flows. However, the company faced headwinds in early 2025 as slower-than-expected recovery in Mexico's construction sector, combined with energy costs rising over 20% year-on-year, pressured EBITDA and operating margins—the first quarter alone saw net profit decline 36% year-on-year. Management has responded by accelerating international sales to offset domestic weakness.