Mayagüez S.A. (BVC:MAYAGUEZ)

Mayagüez Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,614,807	1,589,188	1,591,868	1,677,884	1,106,301	1,034,614
Revenue Growth (YoY)	5.49%	-0.17%	-5.13%	51.67%	6.93%	11.40%
Cost of Revenue	1,184,323	1,124,544	1,095,470	1,041,343	763,051	730,039
Gross Profit	430,484	464,644	496,398	636,541	343,250	304,575
Selling, General & Admin	191,227	180,076	147,538	155,479	119,450	116,131
Other Operating Expenses	26,132	25,848	20,302	18,415	9,878	15,015
Operating Expenses	217,359	205,924	167,840	173,894	129,327	131,146
Operating Income	213,125	258,721	328,558	462,647	213,922	173,428
Interest Expense	-133,685	-138,903	-143,061	-114,558	-76,761	-78,932
Interest & Investment Income	10,150	10,231	7,182	18,524	4,889	3,530
Earnings From Equity Investments	-778.5	-870.4	-957.99	-681.07	-425.33	-222.05
Currency Exchange Gain (Loss)	-2,950	-3,908	8,258	-19,160	-21,374	-8,467
Other Non Operating Income (Expenses)	-11,670	-11,397	-10,511	-13,064	-13,408	-7,358
EBT Excluding Unusual Items	74,191	113,872	189,467	333,706	106,844	81,978
Impairment of Goodwill	-10,850	-10,850	-	-	-	-
Gain (Loss) on Sale of Investments	8,470	8,470	878.59	1,314	4,474	3,027
Gain (Loss) on Sale of Assets	-2,136	-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	77,717	117,398	202,736	334,875	113,044	93,510
Income Tax Expense	39,177	48,338	75,444	108,966	33,543	42,893
Earnings From Continuing Operations	38,540	69,061	127,292	225,909	79,501	50,617
Minority Interest in Earnings	722.11	-1,274	-3,393	-6,161	-3,699	1,407
Net Income	39,262	67,787	123,899	219,749	75,801	52,024
Net Income to Common	39,262	67,787	123,899	219,749	75,801	52,024
Net Income Growth	-64.89%	-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)	796.57	1375.29	2513.71	4458.34	1537.88	1055.48
EPS (Diluted)	796.57	1375.29	2513.71	4458.34	1537.88	1055.48
EPS Growth	-64.89%	-45.29%	-43.62%	189.90%	45.70%	7.77%
Free Cash Flow	185,496	167,472	206,413	281,655	183,370	141,002
Free Cash Flow Per Share	3763.42	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	26.66%	29.24%	31.18%	37.94%	31.03%	29.44%
Operating Margin	13.20%	16.28%	20.64%	27.57%	19.34%	16.76%
Profit Margin	2.43%	4.27%	7.78%	13.10%	6.85%	5.03%
Free Cash Flow Margin	11.49%	10.54%	12.97%	16.79%	16.57%	13.63%
EBITDA	412,886	453,422	512,983	631,838	355,589	304,523
EBITDA Margin	25.57%	28.53%	32.23%	37.66%	32.14%	29.43%
D&A For EBITDA	199,761	194,701	184,425	169,192	141,667	131,095
EBIT	213,125	258,721	328,558	462,647	213,922	173,428
EBIT Margin	13.20%	16.28%	20.64%	27.57%	19.34%	16.76%
Effective Tax Rate	50.41%	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.