Grupo Carso Income Statement

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

Millions MXN. 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	199,280	202,983	198,455	181,539	124,573	94,684
Revenue Growth (YoY)	1.73%	2.28%	9.32%	45.73%	31.57%	-7.61%
Cost of Revenue	154,257	154,532	147,310	138,456	94,905	71,612
Gross Profit	45,023	48,451	51,146	43,083	29,668	23,072
Selling, General & Admin	26,249	24,906	25,258	20,536	16,718	15,304
Other Operating Expenses	556.88	266.3	1,174	253.63	1,097	-1,417
Operating Expenses	26,806	25,172	26,432	20,790	17,816	14,259
Operating Income	18,216	23,279	24,714	22,293	11,852	8,813
Interest Expense	-5,415	-6,275	-5,829	-3,792	-1,685	-2,273
Interest & Investment Income	1,648	1,603	1,753	1,339	571.52	1,269
Earnings From Equity Investments	1,444	1,308	1,268	1,303	2,826	757.82
Currency Exchange Gain (Loss)	-1,630	2,618	-2,031	-1,049	43.23	814.56
Other Non Operating Income (Expenses)	6.9	717.24	78.09	352.6	319.37	-397.89
EBT Excluding Unusual Items	14,270	23,251	19,953	20,448	13,928	8,984
Gain (Loss) on Sale of Investments	2,272	-	-	3,810	-	-
Gain (Loss) on Sale of Assets	-56.89	-56.89	-10.26	-91.38	-47.07	-271.01
Asset Writedown	-782.98	85.86	-613.11	-226.72	777.32	136.56
Other Unusual Items	365.24	365.24	302.78	179.88	274.3	237.56
Pretax Income	16,068	23,645	19,632	24,120	14,932	9,087
Income Tax Expense	4,546	6,917	5,747	3,686	2,604	2,639
Earnings From Continuing Operations	11,522	16,728	13,885	20,434	12,328	6,448
Minority Interest in Earnings	-3,028	-2,271	-365.93	-1,372	-1,046	-741.36
Net Income	8,743	14,457	13,519	19,062	11,282	5,706
Net Income to Common	8,743	14,457	13,519	19,062	11,282	5,706
Net Income Growth	-37.79%	6.93%	-29.08%	68.96%	97.71%	-24.39%
Shares Outstanding (Basic)	1,927	2,256	2,253	2,252	2,268	2,276
Shares Outstanding (Diluted)	1,927	2,256	2,253	2,252	2,268	2,276
Shares Change (YoY)	-4.90%	0.16%	0.05%	-0.71%	-0.37%	-0.21%
EPS (Basic)	4.54	6.41	6.00	8.47	4.98	2.51
EPS (Diluted)	4.54	6.41	6.00	8.47	4.98	2.51
EPS Growth	-34.58%	6.77%	-29.11%	70.16%	98.45%	-24.23%
Free Cash Flow	6,670	18,544	7,067	11,296	1,685	6,094
Free Cash Flow Per Share	3.46	8.22	3.14	5.02	0.74	2.68
Dividend Per Share	1.500	1.500	1.500	1.200	1.000	0.960
Dividend Growth	-	-	25.00%	20.00%	4.17%	-
Gross Margin	22.59%	23.87%	25.77%	23.73%	23.82%	24.37%
Operating Margin	9.14%	11.47%	12.45%	12.28%	9.51%	9.31%
Profit Margin	4.39%	7.12%	6.81%	10.50%	9.06%	6.03%
Free Cash Flow Margin	3.35%	9.14%	3.56%	6.22%	1.35%	6.44%
EBITDA	23,886	28,186	28,913	25,811	14,164	11,561
EBITDA Margin	11.99%	13.89%	14.57%	14.22%	11.37%	12.21%
D&A For EBITDA	5,669	4,907	4,199	3,518	2,311	2,748
EBIT	18,216	23,279	24,714	22,293	11,852	8,813
EBIT Margin	9.14%	11.47%	12.45%	12.28%	9.51%	9.31%
Effective Tax Rate	28.29%	29.25%	29.27%	15.28%	17.44%	29.04%
Advertising Expenses	-	768.62	807.47	710.6	531.6	299.51

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