Murano Global Investments Income Statement

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

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	943.59	729.95	286.65	6.43	1.53
Revenue Growth (YoY)	169.39%	154.65%	4357.33%	320.59%	-
Cost of Revenue	533.48	476.69	219	65.33	18.98
Gross Profit	410.11	253.26	67.65	-58.9	-17.45
Selling, General & Admin	562.51	534.68	227.52	134.33	67.95
Other Operating Expenses	9.77	12.44	10.06	15.61	6.58
Operating Expenses	927.43	866.89	373.08	151.74	74.53
Operating Income	-517.32	-613.62	-305.43	-210.64	-91.98
Interest Expense	-1,058	-797.02	-303.75	-86.49	25.32
Interest & Investment Income	39.8	34.94	8.85	0.56	0.85
Currency Exchange Gain (Loss)	-1,539	-1,492	768.7	276.75	0.31
Other Non Operating Income (Expenses)	-874.16	-866.85	-77.65	196.61	19.47
EBT Excluding Unusual Items	-3,949	-3,735	90.71	176.79	-46.03
Gain (Loss) on Sale of Assets	-	-	0	0.2	0.03
Asset Writedown	239.51	239.51	-86.6	298.09	60.91
Other Unusual Items	-	-	-	-	-14.55
Pretax Income	-3,709	-3,495	5.66	475.09	0.35
Income Tax Expense	28.21	72.68	-52.13	230.71	105.86
Net Income	-3,737	-3,568	57.79	244.38	-105.51
Net Income to Common	-3,737	-3,568	57.79	244.38	-105.51
Net Income Growth	-	-	-76.35%	-	-
Shares Outstanding (Basic)	-	77	69	69	-
Shares Outstanding (Diluted)	-	77	69	69	-
Shares Change (YoY)	-	11.52%	-	-	-
EPS (Basic)	-	-46.30	0.84	3.54	-
EPS (Diluted)	-	-46.30	0.84	3.54	-
EPS Growth	-	-	-76.35%	-	-
Free Cash Flow	-1,145	-1,394	-1,381	-1,799	-1,031
Free Cash Flow Per Share	-	-18.09	-19.98	-26.03	-
Gross Margin	43.46%	34.70%	23.60%	-	-
Operating Margin	-54.83%	-84.06%	-106.55%	-3275.36%	-6015.59%
Profit Margin	-396.07%	-488.79%	20.16%	3799.98%	-6900.20%
Free Cash Flow Margin	-121.31%	-191.01%	-481.68%	-27971.99%	-67423.90%
EBITDA	-211.8	-342.09	-176.72	-209.37	-90.41
EBITDA Margin	-22.45%	-46.87%	-61.65%	-	-
D&A For EBITDA	305.52	271.53	128.72	1.27	1.57
EBIT	-517.32	-613.62	-305.43	-210.64	-91.98
EBIT Margin	-54.83%	-84.06%	-106.55%	-	-
Effective Tax Rate	-	-	-	48.56%	30197.63%
Advertising Expenses	-	53.06	7.33	9.81	2.66

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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