The Peruvian iron ore producer, Shougang Hierro Peru (SHP), has posted a net profit of PEN 491.667 million ($145.0 million) for Q3 2025, against PEN 241.32 million for Q3 2024.
Net sales declined by 6.91 percent to PEN 1.150 billion, while the production costs declined by 8.03 percent to PEN 679.1 million, the gross profit declined by 5.25 percent to PEN 471.4 million, and the operational profit declined by 9.80 percent to PEN 383.8 million.
Despite the lower operational performance, a higher net profit was achieved in Q3 2025, thanks to financial gains of PEN 179.4 million, coupled with the lower impact of exchange rate variations.
During the first nine months of 2025, the company sold 10.215 million mt of iron ore, 31.86 percent less than in the same period of 2024, a decline reflecting the accident with the ship loader at the San Nicolas terminal during Q2 2025.
During Q3 2025, the volume of iron ore sold by Shougang reached 4.359 million mt, against 4.774 million mt in Q3 2024.
$=PEN 3.39 (November 05)