Gruma, S.A.B. de C.V. (GPAGF)

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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,388	6,487	6,576	5,597	4,624	4,578
Revenue Growth (YoY)	-3.76%	-1.36%	17.50%	21.04%	0.99%	11.59%
Cost of Revenue	3,888	3,988	4,243	3,617	2,960	2,827
Gross Profit	2,500	2,499	2,334	1,980	1,663	1,751
Selling, General & Admin	1,609	1,611	1,514	1,351	1,144	1,176
Other Operating Expenses	-10.16	-2.74	21.45	19.02	-18.72	5.48
Operating Expenses	1,599	1,608	1,536	1,370	1,126	1,182
Operating Income	901.36	890.22	797.82	609.18	537.59	569.16
Interest Expense	-122.1	-123.25	-154.63	-108.21	-80.79	-84.36
Interest & Investment Income	23.87	24.81	11.12	4.54	2.11	3.07
Currency Exchange Gain (Loss)	31.23	29.4	-4.61	-1.59	-2.11	-52.79
Other Non Operating Income (Expenses)	-9.67	-9.24	0.48	5.17	-0.8	-10.22
EBT Excluding Unusual Items	824.7	811.94	650.17	509.1	455.99	424.86
Impairment of Goodwill	-	-	-4.67	-2	-0.15	-17.21
Gain (Loss) on Sale of Assets	-	-	0.81	1.74	8.59	0.66
Asset Writedown	-	-	-	-0.14	-2.32	-0.48
Other Unusual Items	-	-	-16.36	-	-	-0.1
Pretax Income	824.7	811.94	629.95	510.06	472.13	426.03
Income Tax Expense	277.88	279.89	222.13	190.87	169.91	155.63
Earnings From Continuing Operations	546.82	532.05	407.82	319.19	302.21	270.39
Earnings From Discontinued Operations	-	-	24.83	-	-0.03	-0.57
Net Income to Company	546.82	532.05	432.65	319.19	302.18	269.82
Minority Interest in Earnings	0.03	-0.16	-3.2	0.03	-0.03	-0.05
Net Income	546.85	531.89	429.45	319.22	302.16	269.77
Net Income to Common	546.85	531.89	429.45	319.22	302.16	269.77
Net Income Growth	17.71%	23.85%	34.53%	5.65%	12.00%	5.22%
Shares Outstanding (Basic)	362	364	370	374	391	405
Shares Outstanding (Diluted)	362	364	370	374	391	405
Shares Change (YoY)	-1.57%	-1.51%	-0.98%	-4.43%	-3.38%	-3.20%
EPS (Basic)	1.51	1.46	1.16	0.85	0.77	0.67
EPS (Diluted)	1.51	1.46	1.16	0.85	0.77	0.67
EPS Growth	19.59%	25.76%	35.86%	10.54%	15.92%	8.71%
Free Cash Flow	445.57	641.62	529.97	2.75	274.47	460.77
Free Cash Flow Per Share	1.23	1.76	1.43	0.01	0.70	1.14
Dividend Per Share	-	-	0.298	0.277	0.263	0.261
Dividend Growth	-	-	7.69%	5.10%	0.80%	-12.61%
Gross Margin	39.14%	38.52%	35.49%	35.37%	35.97%	38.25%
Operating Margin	14.11%	13.72%	12.13%	10.88%	11.63%	12.43%
Profit Margin	8.56%	8.20%	6.53%	5.70%	6.54%	5.89%
Free Cash Flow Margin	6.98%	9.89%	8.06%	0.05%	5.94%	10.06%
EBITDA	1,143	1,131	954.46	751.05	667.34	701.55
EBITDA Margin	17.89%	17.44%	14.51%	13.42%	14.43%	15.32%
D&A For EBITDA	241.31	240.86	156.64	141.87	129.75	132.39
EBIT	901.36	890.22	797.82	609.18	537.59	569.16
EBIT Margin	14.11%	13.72%	12.13%	10.88%	11.63%	12.43%
Effective Tax Rate	33.70%	34.47%	35.26%	37.42%	35.99%	36.53%

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