CX Cemex SaB De Cv

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 or 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2025

Commission File Number: 001-14946

Cemex, S.A.B. de C.V.

(Translation of Registrant’s name into English)

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre,

San Pedro Garza García, Nuevo León 66265, México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒    Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, Cemex, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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EXHIBIT INDEX

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Exhibit 1

Cemex announces record Net Income in FY 2024, substantial

progress on its decarbonization commitments,

and launches savings program “Project Cutting Edge”

Monterrey, Mexico. February 6, 2025– Cemex reported its fourth quarter and full-year 2024 results today, reaching an annual EBITDA of US$3,079 million and a Net Income of US$939 million, a record in the company’s recent history. After an exceptional year in 2023, the company continues delivering strong results, reflected in the resiliency of its EBITDA margin and the highest free cash flow after maintenance capex since 2017, adjusting for the Spanish tax fine.

“I am proud of our achievements this year, as it marks a pivotal moment in the corporate transformation we envisioned in 2020,” said Fernando A. González, CEO of Cemex. “With the recovery of our investment grade ratings, improved free cash flow generation and the execution of US$2.2 billion in asset divestments, we can now pursue more aggressively our capital allocation priorities of growth through small to medium-sized acquisitions, primarily in the U.S., additional deleveraging, and building further on our shareholder return programs.”

Cemex also launched “Project Cutting Edge”, a three-year, US$350 million saving initiative to streamline operations and improve efficiency, heavily leveraging digital technology throughout the company. This program is anticipated to deliver US$150 million in incremental EBITDA in 2025 expecting to reach a run rate of US$350 million by 2027. “Project Cutting Edge” also contemplates expected savings at the free cash flow level.

In Climate Action, the company is advancing its Future in Action roadmap, making significant progress in profitable decarbonization by reducing Scope 1 and Scope 2 CO₂ emissions by 15% and by about 17%, respectively, compared to 2020, a reduction that historically would have taken Cemex 16 years to achieve. Based on current emissions levels, Cemex is well on its way to reach its 2025 and 2030 CO₂ emissions targets.

Cemex’s Consolidated 2024 Full Year and 4^th Quarter Financial and Operational Highlights.

1

Geographical Markets 2024 Full Year and 4^th Quarter Highlights.

Note: All percentage variations related to Sales and EBITDA are on a like-to-like basis for the ongoing operations and for foreign exchange fluctuations compared to the same period of last year. All references to EBITDA mean Operating EBITDA.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

Contact information

Analyst and Investor Relations - New York

Blake Haider

+1 (212) 317-6011

ir@cemex.com

Analyst and Investor Relations - Monterrey

Patricio Treviño Garza

+52 (81) 8888-4327

ir@cemex.com

Media Relations

Jorge Pérez

+52 (81) 8259-6666

jorgeluis.perez@cemex.com

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Except as the context otherwise may require, references in this press release to “Cemex,”” we,” ”us,” or ”our,” refer to Cemex, S.A.B. de C.V. and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Cemex intends these forward-looking statements to be covered by the “safe harbor” provisions for forward-looking statements in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Cemex’s current expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, assumptions, and other important factors discussed in Cemex’s most recent annual report and detailed from time to time in Cemex’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations and/or expected results not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. The forward-looking statements and the information contained in this press release are made and stated as of the dates specified in this press release and are subject to change without notice, and except to the extent legally required, we expressly disclaim any obligation or undertaking to update or correct this press release or revise any forward-looking statements contained herein, whether to reflect new information, the occurrence of anticipated or unanticipated future events or circumstances, any change in our expectations regarding those forward-looking statements, any change in events, conditions, or circumstances on which any statement is based, or otherwise. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All references to prices in this press release refer to Cemex’s prices for Cemex products and services. Unless otherwise specified, all references to records are internal records.

This press release and the documents referred to herein include certain non-International Financial Reporting Standards (“IFRS”) financial measures that differ from financial information presented by Cemex in accordance with IFRS in its financial statements and reports containing financial information. The aforementioned non-IFRS financial measures include “Operating EBITDA (operating earnings before other expenses, net plus depreciation and amortization)” and “Operating EBITDA Margin”. The closest IFRS financial measure to Operating EBITDA is “Operating earnings before other expenses, net”, as Operating EBITDA adds depreciation and amortization to the IFRS financial measure. Our Operating EBITDA Margin is calculated by dividing our Operating EBITDA for the period by our revenues as reported in our financial statements. We believe there is no close IFRS financial measure to compare Operating EBITDA Margin. These non-IFRS financial measures are designed to complement and should not be considered superior to financial measures calculated in accordance with IFRS. Although Operating EBITDA and Operating EBITDA Margin are not measures of operating performance, an alternative to cash flows or a measure of financial position under IFRS, Operating EBITDA is the financial measure used by Cemex’s management to review operating performance and profitability, for decision-making purposes and to allocate resources. Moreover, our Operating EBITDA is a measure used by Cemex’s creditors to review our ability to internally fund capital expenditures, service or incur debt and comply with financial covenants under our financing agreements. Furthermore, Cemex’s management regularly reviews our Operating EBITDA Margin by reportable segment and on a consolidated basis as a measure of performance and profitability. These non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Non-IFRS financial measures presented in the reports, presentations, and documents to be disclosed during Cemex’s fourth quarter 2024 results conference call and audio webcast presentation are being provided for informative purposes only and shall not be construed as investment, financial, or other advice.

There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a “green”, “social”, or “sustainable” or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as “green” “social”, or “sustainable” or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as “green”, “social”, or “sustainable” or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

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Exhibit 2

Fourth Quarter Results 2024 1550 On The Green, Houston, United States Photo credit: Skanska Stock Listing Information Investor Relations NYSE (ADS) In the United States: Ticker: CX + 1 877 7CX NYSE Mexican Stock Exchange (CPO) In Mexico: Ticker: CEMEX.CPO + 52 (81) 8888 4327 Ratio of CEMEXCPO to CX = 10:1 E-Mail: ir@cemex.com

Operating and financial highlights

Cement and aggregates volumes in thousands of metric tons. Ready-mix volumes in thousands of cubic meters.

In millions of U.S. dollars, except volumes, percentages, employees, and per-ADS amounts. Average ADSs outstanding are presented in millions.

Operating results

Mexico

In millions of U.S. dollars, except percentages.

In our Mexican operations, despite a challenging volume backdrop in the second half of 2024, 2024 Operating EBITDA increased 3% on a like-to-like basis with a margin improvement of 0.8pp. The depreciation of the Mexican peso resulted in an Operating EBITDA effect of $52 million in 2024 results, as our dynamic FX hedging strategy continues to mitigate impact on our leverage.

Volume demand in Mexico had two speeds in 2024, first growing 6% in the first half and then declining 7% in the second half post-election. In fourth quarter, we continued to see year-over-year volume deceleration aligned with third quarter behavior in cement and an outperformance in ready-mix. Ready-mix volume growth remains supported by the formal sector in the northeast and central regions in Mexico.

Similar to 2024, we expect 2025 to be a story of two distinct halves, with a tough volume comparison base and FX headwinds in the first half of the year. Over the medium term, we are optimistic about Mexico’s growth prospects, as the new government’s agenda is supportive of housing and infrastructure spending.

United States

In millions of U.S. dollars, except percentages.

In the United States, Operating EBITDA in 2024 declined 1% year-over-year due to extreme weather events with four major hurricanes and a deep freeze in Texas. We estimate these events were responsible for an Operating EBITDA impact of ~$38 million in 2024. Adjusting for these weather events, Operating EBITDA would have increased 3% in the full year.

The resilience of the business to lower volumes was impressive, with Operating EBITDA margin expanding, driven by cost optimization efforts, lower fuel prices and lower imports.

Operating results

We anticipate improved conditions in 2025, supported by underlying demand for infrastructure, as transportation projects under the Infrastructure, Investment and Jobs Act continue to roll out, and the industrial sector, with significant investments in manufacturing projects.

Europe, Middle East, and Africa

In millions of U.S. dollars, except percentages.

In EMEA, the recovery trend continued in the fourth quarter, with our operations in Europe marking the second consecutive quarter of Operating EBITDA growth, on a year-over-year basis, with improved cement volumes in all of our markets. For the full region, Operating EBITDA in the fourth quarter grew by +43% on a like-to-like basis, with a margin expansion of 3.6pp. This was driven by volumes, operational leverage, as well as one-off adjustment in our UK operations.

Prices for our three core products for the full year more than offset decelerating cost inflation, particularly in energy.

On Climate Action, our operations in Europe continue delivering record levels of decarbonization and are now very close to reaching both the European Cement Association’s and Cemex’s consolidated 2030 CO2 emissions target. In Middle East & Africa, Operating EBITDA improved due to better pricing dynamics in Egypt and increased construction activity in Israel.

For 2025, we expect continued EMEA volume recovery, driven by Europe’s improved construction activity.

Operating results

South, Central America and the Caribbean

In millions of U.S. dollars, except percentages.

In South, Central America and the Caribbean, Operating EBITDA increased by 2%, on a like-to-like basis, both for 2024 and 4Q24, compared to the prior year. Higher Operating EBITDA margins were driven by positive pricing dynamics.

The formal sector continues driving demand with large infrastructure projects such as the Bogotá Metro, in which Cemex was awarded more than 80% of total volumes, and the fourth bridge over the Canal in Panama.

Our Urbanization Solutions business is expanding rapidly in the region, posting record Operating EBITDA growth of 36% in 2024, with a margin expansion of 5.3pp.

Operating results

Operating EBITDA and free cash flow

In millions of U.S. dollars, except percentages.

Free Cash Flow after Maintenance Capex totaled US$870 million in 2024. After adjusting for the extraordinary payment of the Spanish tax fine, this is the highest Free Cash Flow after Maintenance Capex since 2017.

During the quarter, FCF benefited from a significant turnaround in working capital, which resulted in a $215 million dollar divestment for the full year. This improvement is the result of targeted management actions to increase the efficiency of our assets across the organization.

During the year, Free Cash Flow after Strategic Capex plus net proceeds from asset divestments were used to reduce Net debt by US$1,026 million, and for other expenses including payment of coupons on our subordinated notes, capitalized IT expenses, acquisitions such as the JV with Couch Aggregates in the U.S. and Cemex’s dividend payments, among others.

Information on debt

In millions of U.S. dollars, except percentages and ratios.

The consolidated leverage ratio stood at 1.81 times as of the end of 2024, 0.4x lower than 3Q24, driven primarily by net proceeds from asset divestments, FX hedging strategy and Free Cash Flow.

Operating results

Consolidated Statement of Operations & Statement of Financial Position

Cemex, S.A.B. de C.V. and Subsidiaries

(Thousands of U.S. dollars, except per ADS amounts)

Operating results

Operating Summary per Country

In thousands of U.S. dollars

Operating results

Operating Summary per Country

Operating EBITDA in thousands of U.S. dollars. Operating EBITDA margin as a percentage of sales.