XML 55 R38.htm IDEA: XBRL DOCUMENT
v3.25.1

Basis of Preparation and Presentation of the Consolidated Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Basis of Preparation and Presentation of the Consolidated Financial Statements [Abstract] |
Schedule of Subsidiaries | As of December 31, 2024, and 2023, the subsidiaries of Grupo Simec, S.A.B. de C.V. included in the consolidation are the following:
|  | Percentage of equity owned |
|  | 2024 |  |  | 2023 |
Subsidiaries established in Mexico: |  |  |  |  |  |
Compañía Siderúrgica de Guadalajara, S.A. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Arrendadora Simec, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Simec International, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Compañía Siderúrgica del Pacifico, S.A. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Coordinadora de Servicios Siderúrgicos de Calidad, S.A. de C.V. (7) |  |  | 100.00 | % |  |  | 100.00 | %
Industrias del Acero y del Alambre, S.A. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Procesadora Mexicali, S.A. de C.V. (7) |  |  | 99.99 | % |  |  | 99.99 | %
Servicios Simec, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Sistemas de Transporte de Baja California, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Operadora de Servicios Siderúrgicos de Tlaxcala, S.A. de C.V. (7) |  |  | 100.00 | % |  |  | 100.00 | %
Operadora de Metales, S.A. de C.V. (7) |  |  | 100.00 | % |  |  | 100.00 | %
Administradora de Servicios Siderúrgicos de Tlaxcala, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
CSG Comercial, S.A. de C.V. |  |  | 99.95 | % |  |  | 99.95 | %
Operadora de Servicios de la Industria Siderúrgica ICH, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Corporación Aceros DM, S.A. de C.V. and subsidiaries (1) |  |  | 100.00 | % |  |  | 100.00 | %
Acero Transportes San, S.A. de C.V. (1) |  |  | 100.00 | % |  |  | 100.00 | %
Simec Acero, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Corporación ASL, S. A. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Simec International 6, S.A. de C.V. (7) |  |  | 100.00 | % |  |  | 100.00 | %
Simec International 7, S.A. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Simec International 9, S.A.P.I. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Corporativos G&DL, S.A. de C.V. (7) |  |  | 100.00 | % |  |  | 100.00 | %
Orge, S.A. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Siderúrgica del Occidente y Pacifico, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
RRLC, S.A.P.I. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Grupo Chant, S.A.P.I. de C.V. |  |  | 99.99 | % |  |  | 99.99 | %
Aceros Especiales Simec Tlaxcala, S.A. de C.V. (7) |  |  | 100.00 | % |  |  | 100.00 | %
Gases Industriales de America, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
GSIM de Occidente S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Fundiciones de Acero Estructural, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Siderúrgicos Noroeste, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Simec Siderúrgico, S.A. de C.V. |  |  | 100.00 | % |  |  | 100.00 | %
Subsidiaries established in foreign countries: |  |  |  |  |  |  |  |
SimRep Corporation and Subsidiaries (3) (4) (5) (7) |  |  | 99.41 | % |  |  | 99.41 | %
Pacific Steel, Inc. (4) |  |  | 100.00 | % |  |  | 100.00 | %
Pacific Steel Projects, Inc. (4) (7) |  |  | 100.00 | % |  |  | 100.00 | %
Simec Steel, Inc. (4) |  |  | 100.00 | % |  |  | 100.00 | %
Simec USA, Corp. (4) |  |  | 100.00 | % |  |  | 100.00 | %
Undershaft Investments, NV. (6) |  |  | 100.00 | % |  |  | 100.00 | %
GV do Brasil Industria e Comercio de Aço LTDA (2) |  |  | 99.99 | % |  |  | 99.99 | %
Companhia Siderurgica do Espiritu Santo S.A. (2) |  |  | 100.00 | % |  |  | 100.00 | %
(1) | Companies located in San Luis Potosi. For purposes of this report constitute the “Grupo San”.
(2) | Companies located in Brazil.
(3) | ICH owns 0.59% of the shares in this company at December 31, 2023.
(4) | Companies established in the United States of America, except a subsidiary of SimRep which is established in Canada.
(5) | SimRep as an individual company has no significant operations or assets, except for its investment in Republic Steel. For purposes of this report, these companies are named “Republic”.
(6) | Company established in Curaçao.
(7) | Companies that have lost the entire capital stock, except Procesadora Mexicali, S.A. de C.V. and Aceros Especiales Simec Tlaxcala, S.A. de C.V. which only have lost 2/3 of their capital stock.
Schedule of Relevant Exchange Rates | Relevant exchange rates used in the conversion of the financial statements of foreign subsidiaries were as follows (Mexican pesos per one U.S. dollar):
Current exchange rate as of December 31, 2024 |  |  | 20.51 |
Current exchange rate as of December 31, 2023 |  |  | 16.89 |
Average exchange rate for the year ended December 31, 2024 (*) |  |  | 18.30 |
Average exchange rate for the year ended December 31, 2023 (*) |  |  | 17.77 |
Current exchange rate as of May 12, 2025 |  |  | 19.56 |
| (*) | Average exchange rate used to translate revenues, costs and expenses of the companies mentioned above.
Schedule of Estimated Useful Lives of Assets | The initial estimated useful lives of the Company’s main assets are as follows:
|  | Years
Buildings |  | 10 to 65
Machinery and equipment |  | 5 to 40
Transportation equipment |  | 4
Furniture, chattels and computer equipment |  | 3 to 10

X
- Definition The entire disclosure for the effect of changes in foreign exchange rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 21 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=21&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS21_g51-57_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of subsidiaries. [Refer: Total for all subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_17_b&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_16_b&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2024-01-01 -Paragraph B4 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NotesAndOtherExplanatoryInformationAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about estimated useful lives of assets. + References No definition available. + Details
Name: | simecb_DisclosureOfDetailedInformationAboutEstimatedUsefulLivesOfAssetsExplanatory
Namespace Prefix: | simecb_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration