Cementos Pacasmayo stock (PEP239501003): Peru's leading cement producer for US investors

Cementos Pacasmayo S.A.A. released its first-quarter 2026 earnings on May 8, 2026, showing revenue of PEN 512 million, up 5.2% year-over-year for the period ended March 31, 2026, investor relations as of 05/08/2026. EBITDA rose 8% to PEN 180 million, with margins expanding to 35%, driven by higher volumes and cost efficiencies. The stock traded at 7.85 PEN on the Lima Stock Exchange on May 12, 2026, according to Bolsa de Valores de Lima as of 05/12/2026.

As of: 13.05.2026

By the editorial team – specialized in equity coverage.

Cementos Pacasmayo: core business model

Cementos Pacasmayo operates integrated cement plants primarily in northern Peru, producing cement, ready-mix concrete, aggregates, and precast products. The company holds about 60% market share in its core regions of La Libertad, Lambayeque, Piura, and Cajamarca, according to its 2025 annual report published March 2026, IR annual report as of 03/2026. Its vertically integrated model includes limestone quarries, clinker production, and distribution via a fleet of trucks and marine terminals.

This setup allows cost control and reliable supply to residential, commercial, and infrastructure projects. Cementos Pacasmayo also exports to Ecuador and focuses on sustainable practices like alternative fuels, targeting 20% substitution by 2030.

Main revenue and product drivers for Cementos Pacasmayo

Cement accounts for 75% of revenue, with dispatches reaching 1.4 million tons in Q1 2026, up 6% from Q1 2025, per the earnings release on May 8, 2026. Concrete and aggregates contribute 20%, benefiting from urban expansion in Trujillo and Chiclayo. Infrastructure projects, including highways and ports funded by Peru's government, drive demand, with public investment up 12% in Q1 2026 per INEI data.

Key drivers include Peru's housing deficit of over 1.8 million units and mining sector growth, as northern Peru hosts major copper and gold operations. Pricing discipline lifted average cement prices by 4% year-over-year.

Industry trends and competitive position

Peru's cement market grows at 4-5% annually, fueled by urbanization and reconstruction post-floods, according to Statista as of 2025. Cementos Pacasmayo leads regionally but faces national competition from UNACEM and Cementos Yura. Its proximity to raw materials and customers provides a logistics edge, with lower transport costs than rivals.

Why Cementos Pacasmayo matters for US investors

Listed via ADRs on the OTC market (CPMCY), Cementos Pacasmayo offers US investors exposure to Peru's construction rebound and commodity-linked growth without direct emerging market risks. Peru's copper production, vital for US EV and renewable sectors, indirectly supports demand. The stock's low volatility and 5% dividend yield appeal to income-focused portfolios tracking LatAm materials.

Conclusion

Cementos Pacasmayo demonstrates resilience with Q1 2026 growth amid Peru's infrastructure push. Strong margins and market dominance position it well regionally, though currency fluctuations and raw material costs warrant monitoring. US investors gain targeted LatAm exposure through its OTC listing and dividend policy.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.