Nemak reports 89.38 percent note consents. Nemak stock sits 30.33 percent below its high
Published on 10/01/2026 at 12:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nemak received EUR 446.91 million in tenders and consents for its 2.250 percent senior notes due 2028 on September 23, 2026, according to Nemak. The amount represented 89.38 percent of the outstanding principal, clearing the threshold for proposed indenture amendments.
Debt changes clear the threshold
The consent result gives Nemak the basis to execute a supplemental indenture, according to the September 23 release. The proposed changes would remove substantially all restrictive covenants and shorten the minimum redemption notice period from 30 days to three business days.
Nemak intended to purchase all validly tendered notes on September 24, 2026, paying EUR 1,000 for each EUR 1,000 of principal plus accrued interest. The company also retained the option, but not the obligation, to redeem notes that remained outstanding after settlement.
Q2 revenue beat, earnings missed
For the second quarter of 2026, Nemak reported revenue of MXN 26.10 billion against MXN 25.69 billion consensus, a 1.60 percent positive revenue surprise, according to Investing.com on July 21, 2026. Adjusted earnings per share were negative MXN 0.007 versus consensus of MXN 0.068, while the reported earnings reaction was negative.
The same Q2 2026 coverage described revenue growth of 19.00 percent in US dollar terms and adjusted EBITDA of USD 171.00 million, down 6.00 percent year over year. Management maintained full-year 2026 EBITDA guidance of USD 840.00 million, while North American cost pressure remained a counter-factor.
Stock remains below its yearly high
On the BMV, Nemak was last at MXN 2.94 on September 30, 2026, down 2.33 percent from the prior close of MXN 3.01. The quote stood 30.33 percent below the 52-week high of MXN 4.22 and 14.84 percent above the 52-week low of MXN 2.56.
Nemak market snapshot
- Company: Nemak, S.A.B. de C.V.
- Ticker: NEMAK
- Primary exchange: Mexican Stock Exchange
- Market capitalization: MXN 8.4 billion (as of September 30, 2026)
- 52-week range: MXN 2.56-MXN 4.22 (as of September 30, 2026)
- Sector / Industry: Consumer Discretionary / Auto Parts
- Next earnings date: October 21, 2026
