Betterware de México, S.A.P.I. de C.V. (BWMX)

BWMX 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	Jan 3, 2021
Revenue	13,997	14,101	13,010	11,508	10,068	7,238
Revenue Growth (YoY)	4.87%	8.39%	13.05%	14.30%	39.10%	134.63%
Cost of Revenue	4,613	4,520	3,701	3,579	4,498	3,280
Gross Profit	9,385	9,581	9,308	7,928	5,570	3,957
Selling, General & Admin	7,396	7,365	6,962	5,878	2,968	1,894
Other Operating Expenses	529.72	529.72	-	-	-	-
Operating Expenses	7,925	7,894	6,962	5,878	2,968	1,894
Operating Income	1,459	1,686	2,346	2,050	2,602	2,063
Interest Expense	-622.07	-639.71	-820.26	-543.32	-75.82	-80.25
Interest & Investment Income	32.22	22.82	45.06	28.69	25.87	10.93
Currency Exchange Gain (Loss)	17.92	-45.31	-106.85	-83.37	-319.74	-30.4
Other Non Operating Income (Expenses)	115.14	156.77	-32.59	-43.52	330.32	-1,140
EBT Excluding Unusual Items	1,003	1,181	1,431	1,409	2,562	824.11
Gain (Loss) on Sale of Assets	-	-	-	-21.86	-	-
Pretax Income	1,003	1,181	1,431	1,387	2,562	824.11
Income Tax Expense	435.6	469.26	384.38	516.92	814.56	525.66
Earnings From Continuing Operations	566.99	711.52	1,047	869.96	1,748	298.44
Minority Interest in Earnings	0.97	0.21	2.72	2.59	3.71	-
Net Income	567.96	711.73	1,049	872.56	1,752	298.44
Net Income to Common	567.96	711.73	1,049	872.56	1,752	298.44
Net Income Growth	-50.85%	-32.18%	20.27%	-50.19%	486.93%	-36.79%
Shares Outstanding (Basic)	-	37	37	37	37	34
Shares Outstanding (Diluted)	-	37	37	37	37	34
Shares Change (YoY)	-	0.15%	-0.03%	-0.16%	8.59%	13.85%
EPS (Basic)	-	19.07	28.18	23.42	47.38	8.76
EPS (Diluted)	-	19.07	28.16	23.41	46.91	8.68
EPS Growth	-	-32.28%	20.29%	-50.10%	440.44%	-44.47%
Free Cash Flow	1,188	1,601	2,236	1,234	1,064	1,205
Free Cash Flow Per Share	-	42.91	59.99	33.10	28.49	35.03
Dividend Per Share	-	-	21.440	18.750	37.710	30.850
Dividend Growth	-	-	14.35%	-50.28%	22.24%	-
Gross Margin	67.05%	67.94%	71.55%	68.90%	55.32%	54.68%
Operating Margin	10.43%	11.96%	18.03%	17.82%	25.84%	28.51%
Profit Margin	4.06%	5.05%	8.07%	7.58%	17.40%	4.12%
Free Cash Flow Margin	8.49%	11.36%	17.18%	10.72%	10.57%	16.64%
EBITDA	1,858	2,078	2,567	2,239	2,669	2,088
EBITDA Margin	13.28%	14.74%	19.73%	19.46%	26.51%	28.84%
D&A For EBITDA	398.89	392.19	220.83	188.85	67.2	24.28
EBIT	1,459	1,686	2,346	2,050	2,602	2,063
EBIT Margin	10.43%	11.96%	18.03%	17.82%	25.84%	28.51%
Effective Tax Rate	43.45%	39.74%	26.86%	37.27%	31.79%	63.79%
Advertising Expenses	-	-	2,344	1,744	503.29	172.18

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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