Grupo Carso SAB de CV Class A1 ( (GPOVF) ) has released its Q2 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 in Mexico, operates across various sectors including retail, industrial, infrastructure, and energy, with a notable presence in the Latin American market.
In its second quarter report for 2025, Grupo Carso announced a strategic sale of Giant Cement Holding Inc. for USD $620 million, while also highlighting ongoing activities in oil production and construction projects. The company reported a slight decline in overall sales but demonstrated growth in several divisions.
Key financial metrics revealed a 1.6% decrease in total sales to Ps. 46,369 million, while operating income rose by 12.1% to Ps. 6,372 million, largely due to the sale of Giant Cement. The EBITDA margin improved to 18.4%, reflecting an 18.8% increase from the previous year. However, the company faced a significant 42.3% drop in controlling net income, primarily due to unfavorable foreign exchange results.
Despite challenges in the infrastructure and construction segment, which saw a 29.0% decline in sales, divisions such as Grupo Sanborns and Grupo Condumex experienced revenue growth. The energy sector also showed promise with increased sales and ongoing pipeline projects.
Looking ahead, Grupo Carso remains focused on enhancing operational efficiencies and exploring new opportunities in its core sectors, while navigating the complexities of the current economic environment.