Peñoles loses diesel tax case and Industrias Peñoles stock trades at EUR 44.30

Published on 10/12/2026 at 11:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 2.89 billion in the second quarter of 2026. Industrias Peñoles stock costs EUR 44.30 on October 12, 2026.

Peñoles lost a diesel-tax appeal on October 3, 2026, after seven Supreme Court justices backed the tax rule.
Second-quarter 2026 revenue was USD 2.89 billion and net income was USD 642.01 million.
Industrias Peñoles stock was at EUR 44.30 at Lang & Schwarz on October 12, 2026, at 11:40 a.m. CEST.
The company is listed on Mexico's BMV and belongs to the IPC index.

Industrias Peñoles, MXP554091415, Illustration mit AI erstellt.

Industrias Peñoles (MXP554091415) was at EUR 44.30 at Lang & Schwarz on October 12, 2026, at 11:40 a.m. CEST, while a Mexican Supreme Court ruling dated October 3, 2026, denied the mining group an amparo over diesel-tax incentives. The ruling adds a legal counter-factor to the company's latest operating figures.

Three events shaped the stock

On March 3, 2026, Industrias Peñoles reported fiscal-year 2025 revenue of USD 8.65 billion and net income of USD 1.37 billion, according to SilverTrade.

On August 4, 2026, second-quarter revenue was USD 2.89 billion and net income was USD 642.01 million, also according to SilverTrade. Revenue fell from USD 3.44 billion in the first quarter of 2026, while net income declined from USD 665.03 million, creating a clear quarter-on-quarter comparison.

On October 3, 2026, El Fondo reported that seven justices backed the conditions attached to the 2019 diesel and biodiesel tax incentives. One justice dissented.

What does the ruling change?

The court upheld requirements tied to mining concessions, income documentation and mining-duty compliance. The decision also leaves a stated minimum-income requirement of MXN 50 million for access to the incentive, according to El Fondo.

The legal outcome matters alongside the second-quarter numbers because the company operates mining, smelting, refining and chemical businesses. Its filings show USD 3.38 billion in cash and equivalents at June 30, 2026, while the second-quarter report recorded diluted earnings per share of USD 1.61, according to SilverTrade.

BMV listing anchors the profile

Industrias Peñoles has traded on the Mexican Stock Exchange since 1968 and belongs to the IPC index. Its investor-relations page lists the PE&OLES ticker and 397,475,747 shares outstanding, providing the basic reference for the company's Mexican listing.

Stock price and company scale

The Lang & Schwarz quote stood at EUR 44.30 on October 12, 2026, at 11:40 a.m. CEST. The company had a market capitalization of USD 19.1 billion on October 9, 2026, while the primary BMV listing was identified as PE&OLES in MXN.

The further course of trading is shown by the continuously updated real-time quote of Industrias Peñoles stock.