The earnings call presented a challenging quarter for Grupo Carso, with significant declines in consolidated sales, operating income, and net income. While there were modest revenue increases in certain segments and substantial backlog growth due to new projects, these positive aspects were overshadowed by overall negative financial performance and operational challenges.

Company Guidance

In the third quarter of fiscal year 2025, Grupo Carso reported a 5.8% decrease in consolidated sales, totaling MXN 45.5 billion, while operating income fell by 39.7% to MXN 3.1 billion compared to the same period last year. The decline was attributed to a lower exchange rate, increased salaries, and inflation. Grupo Sanborns saw a 1.9% increase in sales due to summer promotions, although its operating income decreased to MXN 443 million due to higher expenses. Grupo Condumex recorded a 2.2% rise in sales, driven by higher demand for fiber optic and automotive cables. In contrast, Carso Infraestructura y Construcción experienced a significant decline in sales and profitability due to the completion of major projects, but its backlog increased by 267.9% to MXN 70.4 billion due to new contracts, including the Saltillo-Nuevo Laredo passenger train. Elementia/Fortaleza's sales fell 1.1% to MXN 7.6 billion, affected by exchange rates and adverse weather. Carso Energy's sales dropped 3.4% to MXN 867 million due to exchange rate impacts, while Zamajal's hydrocarbon division added MXN 546 million in revenues, despite facing depreciation costs. Overall, consolidated EBITDA decreased 20.4% to MXN 5.6 billion, with the EBITDA margin slipping from 14.6% to 12.3%.

Zamajal Hydrocarbons Growth

Zamajal hydrocarbons operation contributed an additional MXN 546 million, growing 27%.

Grupo Sanborns and Grupo Condumex Revenue Increase

Grupo Sanborns and Grupo Condumex increased their revenues by 1.9% and 1.2%, respectively, due to summer promotional activities and higher volumes of industrial products.

Backlog Growth in Carso Infraestructura y Construcción

The backlog totaled MXN 70.4 billion, growing 267.9% from MXN 21.6 billion a year ago due to new projects like the Saltillo-Nuevo Laredo passenger train and drilling services for Pemex.

Grupo Carso SAB de CV 1 (GPOVF) Earnings, Revenues Date & History

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GPOVF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 02, 2026	2025 (Q4)	- / -	0.104	―	―	―
Oct 27, 2025	2025 (Q3)	- / 0.02	0.073	-78.35% (-0.06)	―
Jul 22, 2025	2025 (Q2)	0.07 / 0.07	0.113	-42.33% (-0.05)	―
Apr 28, 2025	2025 (Q1)	0.08 / 0.04	0.073	-45.92% (-0.03)	―
Jan 27, 2025	2024 (Q4)	0.11 / 0.10	0.085	22.58% (+0.02)	―
Oct 28, 2024	2024 (Q3)	0.09 / 0.07	0.069	6.97% (<+0.01)	―
Jul 22, 2024	2024 (Q2)	- / 0.11	0.085	33.77% (+0.03)	―
Apr 22, 2024	2024 (Q1)	- / 0.07	0.095	-22.31% (-0.02)	―
Jan 29, 2024	2023 (Q4)	0.16 / 0.09	0.231	-63.10% (-0.15)	―	―
Oct 23, 2023	2023 (Q3)	0.09 / 0.07	0.084	-17.89% (-0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GPOVF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 27, 2025	$6.70	$6.76	+0.90%
Jul 22, 2025	$7.60	$7.20	-5.26%
Apr 28, 2025	$6.96	$6.96	0.00%
Jan 27, 2025	$5.99	$5.75	-4.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Grupo Carso SAB de CV Class A1 (GPOVF) report earnings?

Grupo Carso SAB de CV Class A1 (GPOVF) is schdueled to report earning on Feb 02, 2026, TBA (Confirmed).

What is Grupo Carso SAB de CV Class A1 (GPOVF) earnings time?

Grupo Carso SAB de CV Class A1 (GPOVF) earnings time is at Feb 02, 2026, TBA (Confirmed).

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What companies are reporting earnings today?

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What is GPOVF EPS forecast?

Currently, no data Available