Grupo Bimbo, S.A.B. de C.V. (GRBMF)

Grupo Bimbo Income Statement

Financials in millions MXN. 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	418,419	408,335	399,879	398,706	338,792	322,943
Revenue Growth (YoY)	6.11%	2.11%	0.29%	17.69%	4.91%	10.63%
Cost of Revenue	196,510	192,272	193,338	192,337	156,770	147,058
Gross Profit	221,909	216,063	206,541	206,369	182,022	175,885
Selling, General & Admin	180,821	175,475	165,748	167,557	147,963	144,224
Other Operating Expenses	1,777	1,135	1,031	988	933	946
Operating Expenses	182,598	176,610	166,779	168,545	148,896	145,170
Operating Income	39,311	39,453	39,762	37,824	33,126	30,715
Interest Expense	-13,511	-	-	-	-7,429	-8,843
Interest & Investment Income	750.29	924	809	740	363	352
Earnings From Equity Investments	403.58	464	316	452	247	194
Currency Exchange Gain (Loss)	-181.9	-506	-1,323	-995	-538	82
Other Non Operating Income (Expenses)	-119.93	-13,014	-11,065	10,781	2,059	-3,199
EBT Excluding Unusual Items	26,652	27,321	28,499	48,802	27,828	19,301
Merger & Restructuring Charges	-6,611	-6,610	-3,247	-2,024	-2,783	-3,138
Impairment of Goodwill	-	-	-303	-1,597	-315	-770
Gain (Loss) on Sale of Assets	82.78	83	175	-33	187	118
Asset Writedown	239.04	240	76	730	-63	-105
Other Unusual Items	-	-	124	-	-	-
Pretax Income	20,363	21,034	25,324	45,878	24,854	15,406
Income Tax Expense	6,669	6,797	8,386	14,381	8,726	5,943
Earnings From Continuing Operations	13,694	14,237	16,938	31,497	16,128	9,463
Earnings From Discontinued Operations	-194.38	-194	-16	16,586	1,224	1,062
Net Income to Company	13,500	14,043	16,922	48,083	17,352	10,525
Minority Interest in Earnings	-1,598	-1,499	-1,445	-1,173	-1,436	-1,414
Net Income	11,902	12,544	15,477	46,910	15,916	9,111
Net Income to Common	11,902	12,544	15,477	46,910	15,916	9,111
Net Income Growth	-13.85%	-18.95%	-67.01%	194.73%	74.69%	44.18%
Shares Outstanding (Basic)	4,338	4,357	4,418	4,449	4,487	4,553
Shares Outstanding (Diluted)	4,338	4,357	4,418	4,449	4,487	4,553
Shares Change (YoY)	-1.58%	-1.38%	-0.69%	-0.86%	-1.44%	-2.12%
EPS (Basic)	2.74	2.88	3.50	10.54	3.55	2.00
EPS (Diluted)	2.74	2.88	3.50	10.54	3.55	2.00
EPS Growth	-12.47%	-17.82%	-66.78%	197.29%	77.24%	47.31%
Free Cash Flow	13,184	10,505	-3,343	10,182	25,105	30,659
Free Cash Flow Per Share	3.04	2.41	-0.76	2.29	5.59	6.73
Dividend Per Share	-	-	0.940	1.430	0.650	1.000
Dividend Growth	-	-	-34.27%	120.00%	-35.00%	100.00%
Gross Margin	53.03%	52.91%	51.65%	51.76%	53.73%	54.46%
Operating Margin	9.40%	9.66%	9.94%	9.49%	9.78%	9.51%
Profit Margin	2.84%	3.07%	3.87%	11.77%	4.70%	2.82%
Free Cash Flow Margin	3.15%	2.57%	-0.84%	2.55%	7.41%	9.49%
EBITDA	58,515	57,666	54,295	51,447	45,078	42,484
EBITDA Margin	13.98%	14.12%	13.58%	12.90%	13.31%	13.15%
D&A For EBITDA	19,204	18,213	14,533	13,623	11,952	11,769
EBIT	39,311	39,453	39,762	37,824	33,126	30,715
EBIT Margin	9.40%	9.66%	9.94%	9.49%	9.78%	9.51%
Effective Tax Rate	32.75%	32.31%	33.12%	31.35%	35.11%	38.58%
Advertising Expenses	-	15,178	15,066	14,218	12,907	11,806

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