Grupo Mexico reports 56% profit growth as Grupo Mexico stock costs EUR 11.62

Published on 10/21/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 38% to USD 6.33 billion on October 20, 2026. Grupo Mexico stock costs EUR 11.62 on October 21, 2026.

Copper output shapes the outlook

Net profit increased 56 percent in the third quarter on October 20, 2026.
Grupo Mexico cut its copper guidance by 6,000 metric tons on October 20, 2026.
Grupo Mexico stock trades at EUR 11.62 at 11:48 a.m. CEST at Lang & Schwarz on October 21, 2026.
Market capitalization stood at MXN 1.9 trillion as of October 20, 2026.

FEMSA, MXP370841019, Illustration mit AI erstellt.

Grupo Mexico (ISIN MXP370841019) was trading at EUR 11.62 at Lang & Schwarz on October 21, 2026, at 11:48 a.m. CEST. According to Fidelity on October 20, 2026, the miner reported third-quarter net profit of USD 2.00 billion, up 56 percent from the same period a year earlier. The result puts metal prices ahead of production volume as the central earnings driver.

Profit rises while copper output falls

Revenue for the three months through September increased 38 percent year over year to USD 6.33 billion, beating the USD 5.81 billion estimate cited by Fidelity. Net profit also exceeded the USD 1.78 billion estimate, giving the report a clear earnings comparison despite weaker output.

Adjusted for the operating picture, copper production fell 1.9 percent to 260,322 metric tons in the third quarter. The decline came from operations in Peru and at Asarco in the United States, while higher production in Mexico partly offset the reduction.

What does the guidance cut mean?

Grupo Mexico reduced its 2026 copper production guidance to 1.028 million metric tons from 1.034 million metric tons, a cut of 6,000 metric tons, according to Fidelity. The revision is modest relative to the annual target, but it reinforces the dependence on realized metal prices to offset volume pressure.

The same report said the Tia Maria copper project in Peru had reached 49.6 percent completion by the end of September, with commercial operations expected in the first half of 2028. That project gives the production outlook a longer-dated growth element while current mines face lower ore grades.

Market value remains tied to Mexico

Grupo Mexico is listed on the BMV under ticker GMEXICOB, according to Global Banking and Finance. Its market capitalization was MXN 1.9 trillion as of October 20, 2026. The company combines mining with freight logistics and infrastructure, so the quarterly result matters beyond copper production alone.

Price holds the investor lens

The earnings mix leaves two figures competing for attention: USD 2.00 billion in quarterly net profit and 260,322 metric tons of copper output. For investors, the next read-through is whether metal prices can continue to compensate for the lower 2026 production guidance.

Grupo Mexico was trading at EUR 11.62 at Lang & Schwarz on October 21, 2026, at 11:48 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.