#Mexico #Annual Report #SEC #Guadalajara #Grupo Simec

Grupo Simec SAB Updates Annual Report

In a significant development, Grupo Simec, S.A.B. de C.V., listed under NYSE-MKT with the ticker SIM, has announced an amendment to its Annual Report on Form 20-F, reflecting relevant updates and disclosures for the year ended December 31, 2024. The company submitted this amendment to the U.S. Securities and Exchange Commission (SEC) on October 2, 2025.

Disclosure Amendments

The recent filings specifically address revisions made under Item 15 titled "Controls and Procedures." This section now includes separate assertions from the company’s principal executive officer and principal financial officer concerning the effectiveness of both the disclosure controls and procedures, as well as the internal controls related to financial reporting. Such measures are crucial to ensure compliance with SEC standards and bolster the integrity of the organization's financial reporting.

It is important to note that the changes incorporated into the Form 20-F pertain solely to these disclosures; no alterations were made to the audited financial statements or other parts of the original report. This clarity is vital for stakeholders who rely on accurate and timely financial data to guide their investment decisions.

Accessing the Amended Form 20-F

The amended Form 20-F is available for review on the investor relations section of Grupo Simec's official website. This accessibility allows shareholders and potential investors to examine the document in detail. For those preferring a hardcopy, the company is open to fulfilling such requests at no cost. Shareholders can reach out to the Finance Coordinator, Mario Moreno Cortez, via email to obtain their copies, ensuring that all interested parties have the necessary information at their fingertips.

About Grupo Simec

Grupo Simec stands as a leader in the manufacturing, processing, and distribution of SBQ (Special Bar Quality) steel and structural steel products across North America, specifically in the United States, Mexico, and Brazil. The company plays a vital role in providing structural and light structural steel products, which are integral to numerous applications, especially within the non-residential construction landscape. Their SBQ steel materials are exceptionally versatile, finding usage in highly engineered end-user products like axles, hubs, and crankshafts crucial for automotive and light trucking industries, as well as in machine tools and various off-highway equipment.

With its expansive coverage in the steel industry, Grupo Simec not only caters to local markets but also strengthens its foothold in international spheres, enhancing its impact and operational capabilities.

Conclusion

This amendment marks an important step in Grupo Simec's commitment to transparency and adherence to regulatory requirements, setting the stage for enhanced governance and operational standards. As it continues to evolve within the competitive landscape of steel production, such measures reinforce stakeholder confidence and highlight the company's ongoing dedication to maintaining robust financial practices and standards.

For further inquiries, please contact:
Mario Moreno Cortez
Grupo Simec, S.A.B. de C.V.
Calzada Lázaro Cárdenas 601
44440 Guadalajara, Jalisco, México
Phone: +52 33 3770 6700