Consorcio Ara SAB de CV (OTCPK:CNRFF)

Q2 2026 Consorcio Ara SAB de CV Earnings Call Transcript

Jul 23, 2026 / 03:00PM GMT

Release Date Price: $0.25

Transcript

Key Points

Positve

Total revenue increased 17.1% year-over-year in the first half of 2026, driven by strong housing sales.
EBITDA grew 15.2% in the first half of 2026, reflecting improved operational efficiency.
Free cash flow generation remained positive at MXN378.9 million in the first half, supporting financial flexibility.
Net debt to EBITDA ratio improved to a low 0.6 times, indicating a solid financial structure and low leverage.
Entry into the new Merida market with two projects using a land contribution scheme, reducing working capital needs.

Negative

Affordable entry-level home sales declined 34.1% in Q2 2026 due to the completion of a Tijuana development.
Gross margin faced pressure from fixed costs in projects not yet generating revenues in the first half.
Revenues from other real estate projects, including land sales, dropped 12.1% in Q2 2026.
Short-term debt maturities made up 65% of total debt, requiring active refinancing efforts.
Inflation-driven cost increases in some projects could not be fully passed on to buyers, impacting margins.

Operator

Hello, and welcome to today's second-quarter 2026 results conference call and webcast. My name is Leslie, and I will be your event specialist today. (Operator Instructions) Please note that today's conference call and webcast are being recorded. (Operator Instructions)

To follow the conference online, please visit https/consorcioara.transmision.com.mx. The word transmission is with one 's' only (Operator Instructions).

It is now my pleasure to turn today's program over to Alicia Enriquez, Administrative and Financial Director.

Alicia Enriquez Pimentel

Consorcio Ara SAB de CV - Director - Administration and Finance, IR Contact

Thank you, Leslie. Good morning, and a warm welcome to our conference call on the second-quarter 2026 results of Consorcio. This call will be also transmitted via webcast, accompanied by a slide show for visual support.

With me on the call to discuss the results are Luis Felipe Ahumada Russek, Vice Chairman of the Board; Miguel Lozano, Chief Executive Officer; and Felipe Loera, Chief Financial Officer.

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