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

Gruma Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,487	6,576	5,597	4,624	91,103
Revenue Growth (YoY)	-1.36%	17.50%	21.05%	-94.92%	17.72%
Cost of Revenue	3,988	4,243	3,617	2,960	56,260
Gross Profit	2,499	2,334	1,980	1,663	34,843
Selling, General & Admin	1,611	1,514	1,351	1,144	23,409
Other Operating Expenses	-2.74	21.45	19.02	-18.72	109.03
Operating Expenses	1,608	1,536	1,370	1,126	23,518
Operating Income	890.22	797.82	609.18	537.59	11,325
Interest Expense	-123.25	-154.63	-108.21	-80.79	-1,679
Interest & Investment Income	24.81	11.12	4.54	2.11	61.15
Currency Exchange Gain (Loss)	29.4	-4.61	-1.59	-2.11	-1,050
Other Non Operating Income (Expenses)	-9.24	0.48	5.17	-0.8	-203.34
EBT Excluding Unusual Items	811.94	650.17	509.1	455.99	8,454
Impairment of Goodwill	-	-4.67	-2	-0.15	-342.45
Gain (Loss) on Sale of Assets	-	0.81	1.74	8.59	13.17
Asset Writedown	-	-	-0.14	-2.32	-9.55
Other Unusual Items	-	-16.36	-	-	-1.91
Pretax Income	811.94	629.95	510.06	472.13	8,477
Income Tax Expense	279.89	222.13	190.87	169.91	3,097
Earnings From Continuing Operations	532.05	407.82	319.19	302.21	5,380
Earnings From Discontinued Operations	-	24.83	-	-0.03	-11.43
Net Income to Company	532.05	432.65	319.19	302.18	5,369
Minority Interest in Earnings	-0.16	-3.2	0.03	-0.03	-0.94
Net Income	531.89	429.45	319.22	302.16	5,368
Net Income to Common	531.89	429.45	319.22	302.16	5,368
Net Income Growth	23.85%	34.53%	5.65%	-94.37%	11.01%
Shares Outstanding (Basic)	364	370	374	391	405
Shares Outstanding (Diluted)	364	370	374	391	405
Shares Change (YoY)	-1.51%	-0.98%	-4.43%	-3.38%	-3.20%
EPS (Basic)	1.46	1.16	0.85	0.77	13.27
EPS (Diluted)	1.46	1.16	0.85	0.77	13.27
EPS Growth	25.76%	35.86%	10.54%	-94.17%	14.68%
Free Cash Flow	641.62	529.97	2.75	274.47	9,169
Free Cash Flow Per Share	1.76	1.43	0.01	0.70	22.66
Dividend Per Share	-	0.298	0.277	0.263	5.200
Dividend Growth	-	7.69%	5.10%	-94.93%	-7.80%
Gross Margin	38.52%	35.49%	35.37%	35.97%	38.25%
Operating Margin	13.72%	12.13%	10.88%	11.63%	12.43%
Profit Margin	8.20%	6.53%	5.70%	6.54%	5.89%
Free Cash Flow Margin	9.89%	8.06%	0.05%	5.94%	10.06%
EBITDA	1,131	954.46	751.05	667.34	13,960
EBITDA Margin	17.44%	14.51%	13.42%	14.43%	15.32%
D&A For EBITDA	240.86	156.64	141.87	129.75	2,634
EBIT	890.22	797.82	609.18	537.59	11,325
EBIT Margin	13.72%	12.13%	10.88%	11.63%	12.43%
Effective Tax Rate	34.47%	35.26%	37.42%	35.99%	36.53%

Source: S&P Capital IQ. Standard template. Financial Sources.