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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,201	729.95	286.65	6.43	1.53
Revenue Growth (YoY)	172.67%	154.65%	4357.33%	320.59%	-
Cost of Revenue	706.88	476.69	219	65.33	18.98
Gross Profit	493.74	253.26	67.65	-58.9	-17.45
Selling, General & Admin	715.12	534.68	227.52	134.33	67.95
Other Operating Expenses	15.54	12.44	10.06	15.61	6.58
Operating Expenses	1,098	866.89	373.08	151.74	74.53
Operating Income	-604.35	-613.62	-305.43	-210.64	-91.98
Interest Expense	-1,477	-797.02	-303.75	-86.49	25.32
Interest & Investment Income	24.24	34.94	8.85	0.56	0.85
Currency Exchange Gain (Loss)	817.59	-1,492	768.7	276.75	0.31
Other Non Operating Income (Expenses)	-835.32	-866.85	-77.65	196.61	19.47
EBT Excluding Unusual Items	-2,075	-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	-1,835	-3,495	5.66	475.09	0.35
Income Tax Expense	129.2	72.68	-52.13	230.71	105.86
Net Income	-1,964	-3,568	57.79	244.38	-105.51
Net Income to Common	-1,964	-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	-849.07	-1,394	-1,381	-1,799	-1,031
Free Cash Flow Per Share	-	-18.09	-19.98	-26.03	-
Gross Margin	41.12%	34.70%	23.60%	-	-
Operating Margin	-50.34%	-84.06%	-106.55%	-3275.36%	-6015.59%
Profit Margin	-163.61%	-488.79%	20.16%	3799.98%	-6900.20%
Free Cash Flow Margin	-70.72%	-191.01%	-481.68%	-27971.99%	-67423.90%
EBITDA	-299.07	-342.09	-176.72	-209.37	-90.41
EBITDA Margin	-24.91%	-46.87%	-61.65%	-	-
D&A For EBITDA	305.28	271.53	128.72	1.27	1.57
EBIT	-604.35	-613.62	-305.43	-210.64	-91.98
EBIT Margin	-50.34%	-84.06%	-106.55%	-	-
Effective Tax Rate	-	-	-	48.56%	30197.63%
Advertising Expenses	-	53.06	7.33	9.81	2.66

Updated Dec 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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