FINANCIAL INFORMATION
Net sales of Ps.32,698 million, EBITDA of Ps.6,110 million and net income of Ps.5,112 million.
Income statement summary
We reaffirm our ability to sustain a robust financial structure despite challenging conditions. Domestically, the close of 2025 was characterized by easing inflationary pressures and a less restrictive monetary environment, although signs of caution persisted due to certain cost factors and moderate economic growth.
Nevertheless, the outlook for Mexico remained uncertain, especially due to changes in the political and economic environment of the United States, its main trading partner, and the potential repercussions for trade, investment and supply chains.
As for the Group, our results validate the strategy: we made progress in most areas of the Income Statement and the Statement of Financial Position, reflecting both our operating and financial discipline.
Accounts in millions of Mexican pesos
| Accounts in millions of Mexican pesos | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net sales | 25,599 | 28,490 | 32,698 |
| Selling, administrative and general expenses | 3,985 | 6,377 | 6,942 |
| Operating income | 3,722 | 4,354 | 5,051 |
| EBITDA | 4,401 | 5,207 | 6,110 |
| Net financial expense | 483 | 612 | 870 |
| Net foreign exchange fluctuation | 655 | 1,768 | 1,037 |
| Income tax expense (benefit) | 129 | 102 | 88 |
| Controlling interest net income | 3,163 | 1,336 | 4,601 |
| Net income | 3,806 | 1,872 | 5,112 |
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Statement of financial position summary
Continuing with the Group’s strategic vision, this year we increased our assets, liabilities and equity. This was mainly due to investments totalling Ps.9,110 million allocated to the development of industrial properties, the expansion of the retail business and the modernization of plants and stores. As a result, our assets grew 13.0%, liabilities 12.5% and equity 13.7%, all versus the prior full year.
| Accounts in millions of Mexican pesos | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total assets | 31,496 | 41,699 | 47,120 |
| Total liabilities | 17,809 | 23,738 | 26,707 |
| Stockholders’ equity | 13,687 | 17,961 | 20,413 |
Year-over-year growth
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Financial ratios
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