Mexico · Delayed Price · Currency is MXN Consorcio ARA, S. A. B. de C. V. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong revenue, EBITDA, and net income growth, driven by robust housing and shopping center performance, with improved working capital and positive free cash flow. Dividend of MXN 300 million approved, and participation in government housing programs expected soon.
Fiscal Year 2025
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Fourth quarter and full-year 2025 saw record results, with double-digit revenue and net income growth driven by strong middle-income and residential housing sales. Margins were pressured by higher expenses, but net margin expanded due to deferred tax credits. Dividend of MXN 200 million proposed.
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Q3 2025 saw revenue up 8.1% and net income up 15% year-over-year, driven by strong middle-income and residential sales, while affordable entry-level sales declined due to project completion. Positive free cash flow and healthy leverage ratios support continued growth, with a stable revenue mix expected in 2026.
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Q2 2025 saw record revenues since 2019, with strong growth in affordable and middle-income housing, robust cash flow, and stable margins despite higher expenses. Management expects modest free cash flow and 2–3% higher average home prices in H2 2025.
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First quarter 2025 delivered double-digit revenue and net income growth, with a strategic shift toward middle-income and residential segments. Strong liquidity, prudent capital allocation, and robust industry fundamentals support a positive outlook for the year.