Gruma, S.A.B. de C.V. (FRA:3G3B)

Gruma Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,340	6,487	6,576	5,597	4,624	4,578
Revenue Growth (YoY)	-3.52%	-1.36%	17.50%	21.04%	0.99%	11.59%
Cost of Revenue	3,839	3,988	4,243	3,617	2,960	2,827
Gross Profit	2,501	2,499	2,334	1,980	1,663	1,751
Selling, General & Admin	1,604	1,611	1,514	1,351	1,144	1,176
Other Operating Expenses	2.07	9.61	5.78	19.02	-18.72	5.48
Operating Expenses	1,606	1,621	1,520	1,370	1,126	1,182
Operating Income	894.58	877.88	813.49	609.18	537.59	569.16
Interest Expense	-129.04	-133.15	-154.63	-108.21	-80.79	-84.36
Interest & Investment Income	20.5	24.81	11.12	4.54	2.11	3.07
Currency Exchange Gain (Loss)	20.01	29.4	-20.28	-1.59	-2.11	-52.79
Other Non Operating Income (Expenses)	-3.4	0.66	0.48	5.17	-0.8	-10.22
EBT Excluding Unusual Items	802.65	799.6	650.17	509.1	455.99	424.86
Impairment of Goodwill	-	-	-4.67	-2	-0.15	-17.21
Gain (Loss) on Sale of Assets	1.75	1.75	0.81	1.74	8.59	0.66
Asset Writedown	-	-	-	-0.14	-2.32	-0.48
Other Unusual Items	-1.38	-1.38	-16.36	-	-	-0.1
Pretax Income	815	811.94	629.95	510.06	472.13	426.03
Income Tax Expense	267.15	279.89	222.13	190.87	169.91	155.63
Earnings From Continuing Operations	547.85	532.05	407.82	319.19	302.21	270.39
Earnings From Discontinued Operations	-	-	24.83	-	-0.03	-0.57
Net Income to Company	547.85	532.05	432.65	319.19	302.18	269.82
Minority Interest in Earnings	0.17	-0.16	-3.2	0.03	-0.03	-0.05
Net Income	548.02	531.89	429.45	319.22	302.16	269.77
Net Income to Common	548.02	531.89	429.45	319.22	302.16	269.77
Net Income Growth	10.18%	23.85%	34.53%	5.65%	12.00%	5.22%
Shares Outstanding (Basic)	356	364	370	374	391	405
Shares Outstanding (Diluted)	356	364	370	374	391	405
Shares Change (YoY)	-3.50%	-1.46%	-0.98%	-4.43%	-3.38%	-3.20%
EPS (Basic)	1.54	1.46	1.16	0.85	0.77	0.67
EPS (Diluted)	1.54	1.46	1.16	0.85	0.77	0.67
EPS Growth	14.18%	25.69%	35.86%	10.54%	15.92%	8.71%
Free Cash Flow	632.45	641.62	529.97	2.75	274.47	460.77
Free Cash Flow Per Share	1.78	1.76	1.43	0.01	0.70	1.14
Dividend Per Share	0.276	0.276	0.298	0.277	0.263	0.261
Dividend Growth	-7.28%	-7.28%	7.69%	5.10%	0.80%	-12.61%
Gross Margin	39.44%	38.52%	35.49%	35.37%	35.97%	38.25%
Operating Margin	14.11%	13.53%	12.37%	10.88%	11.63%	12.43%
Profit Margin	8.64%	8.20%	6.53%	5.70%	6.54%	5.89%
Free Cash Flow Margin	9.98%	9.89%	8.06%	0.05%	5.94%	10.06%
EBITDA	1,066	1,046	970.13	751.05	667.34	701.55
EBITDA Margin	16.81%	16.12%	14.75%	13.42%	14.43%	15.32%
D&A For EBITDA	170.94	168.05	156.64	141.87	129.75	132.39
EBIT	894.58	877.88	813.49	609.18	537.59	569.16
EBIT Margin	14.11%	13.53%	12.37%	10.88%	11.63%	12.43%
Effective Tax Rate	32.78%	34.47%	35.26%	37.42%	35.99%	36.53%

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