Q4 2025 Alsea SAB de CV Earnings Call Transcript
Key Points
- Total sales increased by 0.5% year-over-year, reaching MXN21.7 billion, or 12% excluding foreign exchange effects.
- Same-store sales grew 3.3% during the quarter, reflecting improving trends across several markets.
- EBITDA increased 2.9% year-over-year to MXN3.7 billion with a margin of 16.8%, representing a 40 basis point expansion versus last year.
- Alsea SAB de CV (ALSSF) successfully incorporated brands such as Chipotle and Raising Cane's into its portfolio, aligning with long-term objectives.
- The company advanced its ESG agenda, securing sustainable financing and maintaining its inclusion in the Dow Jones Sustainability Index, scoring 18 percentage points above the global sector average.
- Sales in Europe declined 1.2% in peso terms, with continued pressure in France affecting performance.
- In South America, adjusted EBITDA declined by 22.9%, largely due to the depreciation of the Argentine peso relative to the Mexican peso.
- Burger King's same-store sales, excluding Argentina, declined 3.9%, with a 4.8% decrease in Mexico.
- The company's net debt, excluding the impact of IFRS 16, increased by MXN1.7 billion year-over-year, reaching MXN28.3 billion.
- Alsea SAB de CV (ALSSF) opened fewer new stores than initially expected, reflecting a shift towards fewer, higher-quality investments.
Good morning, everyone, and thank you for joining Alsea's fourth-quarter and full-year 2025 earnings video conference. Today, you will hear from Christian GurrÃÂa, our Chief Financial Officer; and Federico RodrÃÂguez, our Chief Financial Officer. Christian will walk us through our operating performance and strategic progress, while Federico will provide a detailed review of our financial results and capital allocation.
Before we begin, I would like to remind you that some of our comments today contain forward-looking statements based on our current expectations. Actual results may differ materially. Today's discussion should be considered alongside the disclaimers included in our earnings release and our most recent filings with the Bolsa Mexicana de Valores. The company undertakes no obligation to update these statements. Unless otherwise specified, all figures discussed today are presented on a pre-IFRS 16 basis.
With that, I will now turn the call over to Christian for his opening remarks.
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