Thank you, Rafal. Good morning, everyone.

Joining me on the call today is Mr. Humberto Nadal, our Chief Executive Officer, and Ms.

Ely Hayashi, our Chief Financial Officer. Mr.

Nadal will begin our call with an overview of the quarter, focusing primarily on our strategic outlook for the short and medium term. Ms.

Hayashi will then follow with additional commentary on our financial results. We'll then turn the call over to your questions.

Please note that this call will include certain forward-looking statements. These statements relate to expectations, beliefs, projections, trends, and other matters that are not historical facts, and are therefore subject to risks and uncertainties that might affect future events or results.

Descriptions of these risks are set forth in the company's regulatory filings. With that, I'd now like to turn the call over to Mr.

Humberto Nadal.

Thank you, Claudia. Welcome, everyone, to today's conference call, and thank you for joining us today.

As we discussed last quarter, our company has entered a transcendental new chapter in its almost 70-year history. On March 30, 2026, a significant milestone was finalized with the completion of the acquisition of Inversiones ASPI by Holcim Limited, which now holds a 50.01% controlling interest in Cementos Pacasmayo.

This change of control marks a powerful new stage in our evolution, opening global opportunities for our teams and promoting responsible, sustainable construction on a much wider scale. While we look forward to collaborating with a global leader like Holcim, I want to express my deepest and sincere gratitude to the Hochschild Group for the decades of vision and leadership that built the strong foundations upon which we stand today.

Our essence, values, and commitment to the development of Peru remain absolutely intact. I would like now to move on to an overview of our results for the first quarter of 2026.

During this period, we achieved significant growth and demonstrated remarkable resilience. We saw strong momentum in sales volume, with an 11.7% increase year over year, driven primarily by higher demand for cement and concrete.

Our solid operational performance was further reflected in our profitability. Consolidated EBITDA reached 177.9 million, an outstanding 32.1% increase compared to the first quarter of 2025.

We achieved a significant expansion in our EBITDA margin, which reached 32%, up from 27% in first quarter of 2025. This was driven by disciplined cost control and gross margin expansion in our core businesses due to operational efficiencies.

Driven by our commitment to lead in the industry responsibly, we reached historic achievements in sustainability this quarter. For the sixth consecutive year, we secured a position in the S&P Global Sustainability Yearbook 2026.

Most notably, we have now entered the global top 10% of the construction materials industry, validating the continuous evolution of our ESG management. In terms of social impact, we recently formalized a strategic partnership with the Inter-American Cement Federation, FICEM, and Habitat for Humanity.

This alliance integrates our local Sueños en Concreto program into the 100,000 Floors to Play On initiative, aiming to replace dirt floors with concrete to improve the health and quality of life for thousands of families in Northern Peru. As we mentioned, we are very happy with the beginning of this year, and we hope this year will continue in a similar manner.

I will now turn the call over to Eli to go into a more detailed financial analysis.

Thank you, Humberto. Good morning, everyone.

For the first quarter of 2026, our revenue growth was very encouraging. Total revenues reached 555.7 million soles, representing an 11.3% increase compared to the first quarter of 2025.

This growth was primarily driven by a robust 11.7% increase in total sales volumes across cement, concrete, and precast. Specifically, cement volumes showed strong resilience, particularly in the bagged cement segment, which continues to be our primary driver in the self-construction market in the north of Peru.

Additionally, we saw a pick-up in concrete sales as infrastructure projects in the region began to regain momentum. Gross profit for the quarter increased significantly, supported by higher volumes and improved operational efficiencies.

We are seeing the continued benefits of our optimized production at the Pacasmayo plant. Turning on to operating expenses, administrative expenses for the first quarter decreased slightly by 0.7% compared to the first quarter of 2025, mainly due to lower personnel expenses, primarily reflecting a lower collective bargaining bonus than in first quarter of '25.

Selling expenses increased 33.5% in the first quarter of '26 compared to the first quarter of 2025, mainly due to higher advertising and promotion expenses related to marketing and loyalty programs for affiliated retailers, as well as an increase in provisions for doubtful payment. Moving to profitability, our consolidated EBITDA reached 179.9 million soles, a remarkable 32.1% increase compared to the first quarter of 2025.

This was driven by the combination of higher revenues and moderate price adjustments in the cement segment, as well as a significant reduction in unit costs across our cement and concrete business lines. Along this same line, our EBITDA margin expanded to 32%, a 5 percentage point improvement over the first quarter of '25.

This level of profitability reflects our focus on operational excellence and disciplined expense management. Moving on to the different segments, cement revenues grew 16% to 456.4 million soles, representing 86.5% of our total sales of the quarter.

This performance was primarily driven by higher sales volumes of bagged cement for the self-construction segment. The gross margin for cement expanded to 48.2%, up 1.7 percentage points from first quarter '25.

This improvement was driven by higher volumes, a slight improvement in average prices, and lower unit costs resultant from reduced downtime of our kilns. For the concrete segment and mortar segments, revenues decreased 15.2% to 56 million soles.

This decline was mainly due to a higher comparative base in the first quarter of '25, which included significant volume from the Piura Airport project. Despite lower volumes, the gross margin saw a remarkable expansion of 18.3 percentage points, reaching 16.4%.

This increase in profitability was mainly driven by sales to the Yanacocha project, which required more specialized, higher-margin concrete solutions compared to lower-margin airport works. Precast sales increased 4.8% to 6.6 million soles this quarter when compared to the same period of last year.

This growth was supported by increased demand from the public sector. Gross margin for precast reached 9.1%, a significant improvement of 7.5 percentage points over the previous year.

This was primarily achieved through higher sales volumes, which allowed for better dilution of fixed costs. Consolidated net income for the quarter was 81.9 million soles, remarkable 55.4% increase year over year.

This growth is a direct result of higher operating profit and a decrease in financial expenses as we continue to successfully reduce our leverage. Our net debt to EBITDA ratio stood at 2.6 times.

To summarize, we continue to deliver solid financial results this quarter by capitalizing on favorable market conditions while strictly managing costs to achieve sustained profitability. Operator, can we now open the call for questions?

In closing, our remarkable results this quarter reflect both the resilience of the northern Peruvian market and our team's exceptional execution. While our double-digit revenue growth highlights the strength of our region, it is our disciplined management that delivered such a 32% EBITDA margin, one of the highest we have achieved in recent years.

Pardon. This peak in profitability is matched by historic sustainability milestones, notably our entry into the top 10% of S&P Global Sustainability Yearbook, and our tangible social impact through the 100,000 Floors initiative.

Ultimately, these results and our finalized partnership with Holcim serve as a powerful endorsement of our strategy and our unwavering belief in the long-term potential of Peru, as we focus on driving the sustainable progress of our country. We have one question from Integra?

at

Yes, thank you. In terms of your question, these are not really cyclical factors.

As our cement sales in the past is very little cyclical in the second semester of the year. Usually the first quarter is the weakest one, but not by a long shot.

I think, in terms of selling expenses, yeah, we keep investing in positioning our brand, we keep investing in securing that all our Dinos, our distributors, are very happy. I think our challenge now is to maintain the current margins in terms of EBITDA and profitability.

Just to add in, in terms of the marketing, to be just absolutely precise, in the second semester they may be a little more, it depends of how we are doing the provisions.

Hi, thank you. Congrats on the results.

Just a quick follow-up question. Now that Holcim has completed the acquisition and the controlling stake, can you elaborate on any change that should we expect on capital allocation, strategic priorities, perhaps dividends?

Thank you.

Thank you for your question. I think so far we will have to wait to see what they decide as new shareholders.

For the time being, we keep the course steady.

Thank you very much.

Like I said before, we've had a very exciting beginning of the quarter, and I think it's all a reflection of an incredible team always pushing forward, but it's also an enormous reflection on the potential and the durability and the resilience of a country, and specifically of a region, that has shown always good attitude forward, and we are very convinced that the future and the best is still to come. Thank you, everybody, for joining us today.

Should you have any further questions, you know where to find us. Thank you.