Mayagüez Income Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,536,356	1,589,188	1,591,868	1,677,884	1,106,301	1,034,614
Revenue Growth (YoY)	-0.19%	-0.17%	-5.13%	51.67%	6.93%	11.40%
Cost of Revenue	1,160,828	1,124,544	1,095,470	1,041,343	763,051	730,039
Gross Profit	375,528	464,644	496,398	636,541	343,250	304,575
Selling, General & Admin	192,443	180,076	147,538	155,479	119,450	116,131
Other Operating Expenses	23,395	25,848	20,302	18,415	9,878	15,015
Operating Expenses	215,838	205,924	167,840	173,894	129,327	131,146
Operating Income	159,689	258,721	328,558	462,647	213,922	173,428
Interest Expense	-122,768	-138,903	-143,061	-114,558	-76,761	-78,932
Interest & Investment Income	6,835	10,231	7,182	18,524	4,889	3,530
Earnings From Equity Investments	-64.95	-870.4	-957.99	-681.07	-425.33	-222.05
Currency Exchange Gain (Loss)	-144.6	-3,908	8,258	-19,160	-21,374	-8,467
Other Non Operating Income (Expenses)	-10,515	-11,397	-10,511	-13,064	-13,408	-7,358
EBT Excluding Unusual Items	33,032	113,872	189,467	333,706	106,844	81,978
Impairment of Goodwill	-10,850	-10,850	-	-	-	-
Gain (Loss) on Sale of Investments	4,710	8,470	878.59	1,314	4,474	3,027
Gain (Loss) on Sale of Assets	-1,366	-2,136	-1,461	-212.66	-1,818	2,627
Legal Settlements	-109.6	-109.6	-666.95	-	-	-
Other Unusual Items	-533.25	-533.25	-9,469	-422.75	-1,382	-3,560
Pretax Income	39,369	117,398	202,736	334,875	113,044	93,510
Income Tax Expense	23,807	48,338	75,444	108,966	33,543	42,893
Earnings From Continuing Operations	15,562	69,061	127,292	225,909	79,501	50,617
Minority Interest in Earnings	948.65	-1,274	-3,393	-6,161	-3,699	1,407
Net Income	16,511	67,787	123,899	219,749	75,801	52,024
Net Income to Common	16,511	67,787	123,899	219,749	75,801	52,024
Net Income Growth	-79.59%	-45.29%	-43.62%	189.90%	45.70%	7.77%
Shares Outstanding (Basic)	49	49	49	49	49	49
Shares Outstanding (Diluted)	49	49	49	49	49	49
EPS (Basic)	334.97	1375.29	2513.71	4458.34	1537.88	1055.48
EPS (Diluted)	334.97	1375.29	2513.71	4458.34	1537.88	1055.48
EPS Growth	-79.59%	-45.29%	-43.62%	189.90%	45.70%	7.77%
Free Cash Flow	151,744	167,472	206,413	281,655	183,370	141,002
Free Cash Flow Per Share	3078.64	3397.74	4187.78	5714.32	3720.29	2860.69
Dividend Per Share	954.000	954.000	608.000	-	405.750	405.000
Dividend Growth	56.91%	56.91%	-	-	0.18%	-
Gross Margin	24.44%	29.24%	31.18%	37.94%	31.03%	29.44%
Operating Margin	10.39%	16.28%	20.64%	27.57%	19.34%	16.76%
Profit Margin	1.07%	4.27%	7.78%	13.10%	6.85%	5.03%
Free Cash Flow Margin	9.88%	10.54%	12.97%	16.79%	16.57%	13.63%
EBITDA	354,388	453,422	512,983	631,838	355,589	304,523
EBITDA Margin	23.07%	28.53%	32.23%	37.66%	32.14%	29.43%
D&A For EBITDA	194,699	194,701	184,425	169,192	141,667	131,095
EBIT	159,689	258,721	328,558	462,647	213,922	173,428
EBIT Margin	10.39%	16.28%	20.64%	27.57%	19.34%	16.76%
Effective Tax Rate	60.47%	41.17%	37.21%	32.54%	29.67%	45.87%
Advertising Expenses	-	5,807	4,926	3,999	-	-

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