Overview
- Metalfor disclosed on Tuesday that it posted a net loss of $26,484 million for the first half of 2026 after reporting a profit a year earlier.
- New-equipment manufacturing plunged 78% year‑on‑year to 21 units and total sales fell sharply, leaving first‑half revenue roughly half of the prior year.
- The company's June 30 balance shows total liabilities near $194,408 million and banking debt of about $52,700 million, with large short‑term obligations eroding liquidity.
- A Procedimiento Preventivo de Crisis closed without agreement after Metalfor proposed cutting around 70% of its ~600 workers and the firm says it will push major operational and workforce reductions in August.
- Metalfor won a u$s50 million loan from the U.S. DFC in late 2025 that bought time but did not restore bank or supplier confidence, raising the concrete possibility of a concurso preventivo if liquidity cannot be rebuilt and creditors are not renegotiated.