Grupo Carso Income Statement

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

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	194,796	191,627	198,035	193,414	181,539	124,573
Revenue Growth	0.24%	-3.24%	2.39%	6.54%	45.73%	31.57%
Cost of Revenue	148,224	147,972	150,326	142,658	138,456	94,905
Gross Profit	46,572	43,655	47,709	50,757	43,083	29,668
Selling, General & Admin	28,622	26,562	24,338	24,558	20,536	16,718
Other Operating Expenses	-371.15	-140.22	230.98	1,184	253.63	1,097
Operating Expenses	29,367	27,539	24,569	25,742	20,790	17,816
Operating Income	17,205	16,116	23,140	25,014	22,293	11,852
Interest Expense	-3,478	-4,607	-6,253	-5,793	-3,792	-1,685
Interest & Investment Income	1,508	1,163	1,594	1,748	1,339	571.52
Earnings From Equity Investments	2,164	1,463	1,308	1,268	1,303	2,826
Currency Exchange Gain (Loss)	-953.02	-2,471	2,616	-2,030	-1,049	43.23
Other Non Operating Income (Expenses)	-0.7	3.62	717.24	78.09	352.6	319.37
EBT Excluding Unusual Items	16,444	11,668	23,122	20,285	20,448	13,928
Gain (Loss) on Sale of Investments	1,118	2,271	-	-	3,810	-
Gain (Loss) on Sale of Assets	-1.57	-1.57	-4.11	-1.9	-91.38	-47.07
Asset Writedown	-20.01	-63.27	29.37	35.07	-226.72	777.32
Other Unusual Items	32.07	32.07	365.24	302.78	179.88	274.3
Pretax Income	17,573	13,906	23,513	20,621	24,120	14,932
Income Tax Expense	3,632	2,390	6,902	6,047	3,686	2,604
Earnings From Continuing Operations	13,941	11,516	16,611	14,574	20,434	12,328
Earnings From Discontinued Operations	275.86	754.51	117.63	-688.7	-	-
Net Income to Company	14,217	12,271	16,728	13,885	20,434	12,328
Minority Interest in Earnings	-3,357	-3,496	-2,271	-365.93	-1,372	-1,046
Net Income	10,860	8,775	14,457	13,519	19,062	11,282
Net Income to Common	10,860	8,775	14,457	13,519	19,062	11,282
Net Income Growth	24.22%	-39.31%	6.93%	-29.08%	68.96%	97.71%
Shares Outstanding (Basic)	2,397	2,255	2,256	2,253	2,252	2,268
Shares Outstanding (Diluted)	2,397	2,255	2,256	2,253	2,252	2,268
Shares Change	41.18%	-0.06%	0.16%	0.05%	-0.71%	-0.37%
EPS (Basic)	4.53	3.89	6.41	6.00	8.47	4.98
EPS (Diluted)	4.53	3.89	6.41	6.00	8.47	4.98
EPS Growth	-12.01%	-39.27%	6.77%	-29.11%	70.16%	98.45%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	3,694	16,149	18,544	7,067	11,296	1,685
Free Cash Flow Per Share	1.54	7.16	8.22	3.14	5.02	0.74
Dividend Per Share	-	-	1.500	1.500	1.200	1.000
Dividend Growth	-	-	0%	25.00%	20.00%	4.17%
Gross Margin	23.91%	22.78%	24.09%	26.24%	23.73%	23.82%
Operating Margin	8.83%	8.41%	11.68%	12.93%	12.28%	9.51%
Profit Margin	5.58%	4.58%	7.30%	6.99%	10.50%	9.06%
Free Cash Flow Margin	1.90%	8.43%	9.36%	3.65%	6.22%	1.35%
EBITDA	23,497	22,664	27,653	28,743	25,811	14,164
EBITDA Margin	12.06%	11.83%	13.96%	14.86%	14.22%	11.37%
D&A For EBITDA	6,292	6,548	4,513	3,728	3,518	2,311
EBIT	17,205	16,116	23,140	25,014	22,293	11,852
EBIT Margin	8.83%	8.41%	11.68%	12.93%	12.28%	9.51%
Effective Tax Rate	20.67%	17.18%	29.35%	29.33%	15.28%	17.44%
Advertising Expenses	-	823.11	759.09	800.03	710.6	531.6