The net profits of these companies would have reached S/ 7,582 million in the first quarter, with an increase of 33% compared to the same period of 2024, according to estimates of five stock market houses compiled and agreed by the BVL.
That growth rate, although significant, is lower than that of almost 100% reported in the fourth quarter of last year and that of all this exercise (54%).
According to the consensus of analysts, companies would have maintained a healthy rhythm in net and operational terms, with profits mainly driven by the mining sector before the elderly metal prices and the recovery of the local economy, which could reinforce the foundations of the Lima Stock Exchange.
According to analysts, in the last month the downward risks of the global economy have intensified due to the high commercial uncertainty.
If a global recession does not materialize, Peru would maintain growth greater than 3%, with favorable factors such as the terms of exchange that remain at historically high levels; inflation under control that promotes the recovery of real wages and private consumption; and an acceleration of bank creditparticularly in retail segments in a context of decreased default, according to stock market analysts.
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Las Mining Sector Companies They would have raised 37% profits in the first quarterand its income, at 26%. The sector would have maintained an outstanding performance, as a result of higher prices of both base and precious metals, accompanied by stability in production levels, since all firms are operating on a regular and continuous way. With this, its Ebitda (operational utility) would have increased by 34%.
The improvement in customer payment behavior helped banks results.
In it Financial sectorcompanies would have increased their net profits by 26% and its income in 27%, with a recovery that continues thanks to moderate growth in credits and lower provisions, given the improvement in customer payment behavior in a more favorable economic environment.
Although the margins would have accused a slight contraction for the cuts of the reference rate of the Central Reserve Bank of Peru (BCRP)according to runners analysts.
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The net benefits of consumption sector companies would have increased by 19% In the reference period, despite the fact that income would have dropped by 2%
“The sector would observe an increase in net profit, explained by the recovery in consumption and the greater the availability of cash of families. It highlights the improvement in the margins of Alicorp which would be counteracted by extraordinary expenses in In -retailimpacted by the temporary closure of its stores, which would affect Ebitda levels ”indicates the BVL, based on the analysis of the SAB. The Ebitda of the sector, despite everything, would have risen in 9%.
Energy sector corporations, meanwhile, would have raised their profits by 2%. As for the generators, the results would have been mainly driven by an increase in the demand for energy associated with the greatest economic activity and an elevation of the power installed in new centrals, together with better hydrological conditions and the increase in the generation of unconventional renewable energy, according to analysts.
On the other hand, the distributors would have expanded operational results due to a greater demand for energy, together with stable margins.
In the construction sector, companies would have increased their profits by 16%, Although their income would have been reduced to 0.2%and its EBITDA, by -1%. The behavior would have been mixed, with a gradual recovery in the construction activity, promoted by infrastructure projects that benefit Pacasmayo cements y Union.
While self -construction continues weak due to domestic demand challenges, stock market corridors estimate that cement offices would have risen in the first months of the first quarter. “Highlights Ferreycorp with a solid performance promoted by mining dynamism and the highest sales of spare parts and services. On the other hand, Aenza It would show a slowdown, given the continuous fall in the backlog and the recoil in infrastructure income, given less demand for complementary works in concessions ”, details the BVL.
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In it banking systemafter several interannual falls the credits resumed growth in December 2024, a trend that remained in the first quarter of this year, with an advance of 2.4% to February, according to Intéligo Sab.
Estimated companies of companies in the first quarter of 2025
However, observes a slight contraction in the system of net interest in the system in the normalization of the monetary policy of the BCRP. This will affect the margin of interest of institutions such as BBVA y CREDICORPhe notes although he emphasizes that provisions- by risk of credit no longer- continue to decrease before a more favorable economic environment and better perspectives.
Although estimates on the net benefits obtained by companies differ to a greater or lesser extent according to stock agents, the consensus can be collected that the most large profits produced in the summer would have been received by Southern Copper, Credicorp and Cerro Verde (see table).
