BVL:QUALSGC1 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
Premiums & Annuity Revenue	66,828	58,701	339.65	360.22	303.18
Total Interest & Dividend Income	2,823	2,863	23.14	13.51	1.46
Total Revenue	69,651	61,563	362.79	373.72	304.64
Revenue Growth (YoY)	13.14%	16869.35%	-2.93%	22.68%	42.83%
Policy Benefits	42,740	37,431	209.08	187.03	94.67
Policy Acquisition & Underwriting Costs	14,671	12,607	116.62	143.57	128.64
Depreciation & Amortization	482.76	471.21	5.14	5.13	4.82
Selling, General & Administrative	1,174	536.74	32.29	29.87	21.28
Provision for Bad Debts	0.15	-2.31	-	-	-
Other Operating Expenses	2,056	1,896	4.6	4.58	0.76
Reinsurance Income or Expense	1.72	11.1	-	-	-
Total Operating Expenses	62,826	54,390	412.07	411.85	286.05
Operating Income	6,825	7,174	-49.27	-38.13	18.59
Currency Exchange Gain (Loss)	13	2.71	-1.46	-2.64	3.84
Other Non Operating Income (Expenses)	33.32	-5.48	-	-	-
EBT Excluding Unusual Items	6,872	7,171	-50.73	-40.77	22.43
Gain (Loss) on Sale of Investments	696.54	463.16	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	0.07	-
Other Unusual Items	-	-	5.32	-	-
Pretax Income	7,568	7,634	-45.41	-40.71	22.43
Income Tax Expense	2,151	2,303	-11.51	-12.47	6.39
Earnings From Continuing Ops.	5,417	5,331	-33.9	-28.24	16.04
Minority Interest in Earnings	-0	-0	-	-	-
Net Income	5,417	5,331	-33.9	-28.24	16.04
Net Income to Common	5,417	5,331	-33.9	-28.24	16.04
Net Income Growth	1.61%	-	-	-	-40.98%
Shares Outstanding (Basic)	314	-	261	246	236
Shares Outstanding (Diluted)	314	-	261	246	236
Shares Change (YoY)	-	-	5.96%	4.29%	-
EPS (Basic)	17.26	-	-0.13	-0.11	0.07
EPS (Diluted)	17.26	-	-0.13	-0.11	0.07
EPS Growth	-	-	-	-	-40.98%
Free Cash Flow	4,054	3,410	-51	15.93	40.85
Free Cash Flow Per Share	12.92	-	-0.20	0.07	0.17
Operating Margin	9.80%	11.65%	-13.58%	-10.20%	6.10%
Profit Margin	7.78%	8.66%	-9.35%	-7.56%	5.27%
Free Cash Flow Margin	5.82%	5.54%	-14.06%	4.26%	13.41%
EBITDA	7,194	7,523	-44.13	-32.83	23.41
EBITDA Margin	10.33%	12.22%	-12.16%	-8.79%	7.68%
D&A For EBITDA	368.2	349.45	5.14	5.3	4.82
EBIT	6,825	7,174	-49.27	-38.13	18.59
EBIT Margin	9.80%	11.65%	-13.58%	-10.20%	6.10%
Effective Tax Rate	28.42%	30.17%	-	-	28.48%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.