Grupo Carso 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
Revenue	191,621	202,983	198,455	181,539	124,573
Revenue Growth (YoY)	-5.60%	2.28%	9.32%	45.73%	31.57%
Cost of Revenue	148,452	154,532	147,310	138,456	94,905
Gross Profit	43,169	48,451	51,146	43,083	29,668
Selling, General & Admin	26,584	24,906	25,258	20,536	16,718
Other Operating Expenses	-2,048	266.3	1,174	253.63	1,097
Operating Expenses	24,536	25,172	26,432	20,790	17,816
Operating Income	18,633	23,279	24,714	22,293	11,852
Interest Expense	-4,608	-6,275	-5,829	-3,792	-1,685
Interest & Investment Income	1,163	1,603	1,753	1,339	571.52
Earnings From Equity Investments	1,483	1,308	1,268	1,303	2,826
Currency Exchange Gain (Loss)	-2,181	2,618	-2,031	-1,049	43.23
Other Non Operating Income (Expenses)	3.62	717.24	78.09	352.6	319.37
EBT Excluding Unusual Items	14,493	23,251	19,953	20,448	13,928
Gain (Loss) on Sale of Investments	-	-	-	3,810	-
Gain (Loss) on Sale of Assets	-	-56.89	-10.26	-91.38	-47.07
Asset Writedown	-1,604	85.86	-613.11	-226.72	777.32
Other Unusual Items	-	365.24	302.78	179.88	274.3
Pretax Income	12,888	23,645	19,632	24,120	14,932
Income Tax Expense	2,411	6,917	5,747	3,686	2,604
Earnings From Continuing Operations	10,477	16,728	13,885	20,434	12,328
Earnings From Discontinued Operations	754.51	-	-	-	-
Net Income to Company	11,232	16,728	13,885	20,434	12,328
Minority Interest in Earnings	-3,205	-2,271	-365.93	-1,372	-1,046
Net Income	8,027	14,457	13,519	19,062	11,282
Net Income to Common	8,027	14,457	13,519	19,062	11,282
Net Income Growth	-44.48%	6.93%	-29.08%	68.96%	97.71%
Shares Outstanding (Basic)	2,255	2,256	2,253	2,252	2,268
Shares Outstanding (Diluted)	2,255	2,256	2,253	2,252	2,268
Shares Change (YoY)	-0.07%	0.16%	0.05%	-0.71%	-0.37%
EPS (Basic)	3.56	6.41	6.00	8.47	4.98
EPS (Diluted)	3.56	6.41	6.00	8.47	4.98
EPS Growth	-44.44%	6.77%	-29.11%	70.16%	98.45%
Free Cash Flow	24,132	18,544	7,067	11,296	1,685
Free Cash Flow Per Share	10.70	8.22	3.14	5.02	0.74
Dividend Per Share	-	1.500	1.500	1.200	1.000
Dividend Growth	-	-	25.00%	20.00%	4.17%
Gross Margin	22.53%	23.87%	25.77%	23.73%	23.82%
Operating Margin	9.72%	11.47%	12.45%	12.28%	9.51%
Profit Margin	4.19%	7.12%	6.81%	10.50%	9.06%
Free Cash Flow Margin	12.59%	9.14%	3.56%	6.22%	1.35%
EBITDA	24,352	28,186	28,913	25,811	14,164
EBITDA Margin	12.71%	13.89%	14.57%	14.22%	11.37%
D&A For EBITDA	5,720	4,907	4,199	3,518	2,311
EBIT	18,633	23,279	24,714	22,293	11,852
EBIT Margin	9.72%	11.47%	12.45%	12.28%	9.51%
Effective Tax Rate	18.71%	29.25%	29.27%	15.28%	17.44%
Advertising Expenses	778.95	768.62	807.47	710.6	531.6

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