BMV:ARA Income Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,255	7,118	6,749	6,956	6,377
Revenue Growth (YoY)	15.96%	5.47%	-2.97%	9.08%	16.80%
Cost of Revenue	6,063	5,237	4,961	5,147	4,712
Gross Profit	2,192	1,881	1,788	1,808	1,665
Selling, General & Admin	1,394	1,106	1,050	1,111	949.56
Other Operating Expenses	1.69	32.73	8.25	1.01	24.88
Operating Expenses	1,396	1,139	1,059	1,112	974.45
Operating Income	796.01	742.73	729.37	696.59	690.58
Interest Expense	-104.1	-87.29	-101.61	-71.78	-63.06
Interest & Investment Income	169.05	213.69	293.46	216.55	128.91
Earnings From Equity Investments	127.3	93.74	68.63	108.13	89.06
Currency Exchange Gain (Loss)	-0.28	12.21	-9.42	-2.45	0.86
Other Non Operating Income (Expenses)	-1.22	-1.77	-4.47	8.73	25.39
Pretax Income	986.75	973.31	975.96	955.77	871.73
Income Tax Expense	80.57	286.04	312.44	309.78	287.38
Earnings From Continuing Operations	906.18	687.27	663.52	645.99	584.35
Minority Interest in Earnings	-0.97	-1.53	-1.57	-1.52	-1.43
Net Income	905.21	685.74	661.95	644.47	582.91
Net Income to Common	905.21	685.74	661.95	644.47	582.91
Net Income Growth	32.01%	3.59%	2.71%	10.56%	52.61%
Shares Outstanding (Basic)	1,223	1,222	1,228	1,236	1,261
Shares Outstanding (Diluted)	1,223	1,222	1,228	1,236	1,261
Shares Change (YoY)	0.14%	-0.56%	-0.63%	-1.98%	-1.08%
EPS (Basic)	0.74	0.56	0.54	0.52	0.46
EPS (Diluted)	0.74	0.56	0.54	0.52	0.46
EPS Growth	31.82%	4.17%	3.37%	12.79%	54.27%
Free Cash Flow	322.22	265.95	-286.88	182.93	937.13
Free Cash Flow Per Share	0.26	0.22	-0.23	0.15	0.74
Dividend Per Share	-	0.164	-	0.163	0.230
Dividend Growth	-	-	-	-28.96%	45.03%
Gross Margin	26.55%	26.43%	26.49%	26.00%	26.11%
Operating Margin	9.64%	10.43%	10.81%	10.02%	10.83%
Profit Margin	10.97%	9.63%	9.81%	9.26%	9.14%
Free Cash Flow Margin	3.90%	3.74%	-4.25%	2.63%	14.70%
EBITDA	892.55	791.36	776.41	745.27	736.32
EBITDA Margin	10.81%	11.12%	11.50%	10.71%	11.55%
D&A For EBITDA	96.54	48.63	47.05	48.68	45.74
EBIT	796.01	742.73	729.37	696.59	690.58
EBIT Margin	9.64%	10.43%	10.81%	10.02%	10.83%
Effective Tax Rate	8.16%	29.39%	32.01%	32.41%	32.97%
Advertising Expenses	-	177.21	170.88	173.82	139.99

Source: S&P Global Market Intelligence. Standard template. Financial Sources.