Grupo Carso SAB de CV Class A1 ( (GPOVF) ) has released its Q1 earnings. Here is a breakdown of the information Grupo Carso SAB de CV Class A1 presented to its investors.
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Grupo Carso SAB de CV, a diversified conglomerate based in Mexico, operates across various sectors including industrial manufacturing, energy, infrastructure, and retail, with a significant presence in the Latin American market.
In its first quarter of 2025 earnings report, Grupo Carso reported stable sales but faced a decline in operating income and EBITDA compared to the same period last year. The company highlighted the completion of a significant transaction involving the sale of Giant Cement Holding, Inc., and noted fluctuations in various divisions’ performances due to market conditions and operational changes.
Key financial metrics revealed that Grupo Carso’s sales remained steady at Ps. 46,073 million, while operating income dropped by 40.5% to Ps. 3,289 million, and EBITDA decreased by 21.2% to Ps. 5,515 million. The company attributed these declines to inflationary pressures and increased expenses in the hydrocarbons division. Notably, Grupo Condumex and Carso Energy divisions showed robust growth, while Grupo Sanborns and Carso Infraestructura y Construcción experienced significant downturns.
Despite the challenges, Grupo Carso improved its comprehensive financing result, reducing costs from Ps. 1,421 million to Ps. 800 million, aided by favorable foreign exchange gains. However, controlling net income fell sharply by 45.9% to Ps. 1,631 million. The company maintained a stable debt profile, with a net debt to EBITDA ratio of 1.1 times.
Looking ahead, Grupo Carso remains focused on strategic growth initiatives, including the development of the Centauro del Norte gas pipeline. The management is cautiously optimistic about navigating the current economic landscape, leveraging its diversified portfolio to sustain long-term growth and shareholder value.