Q4 2025 Grupo Carso SAB de CV Earnings Call Transcript
Key Points
- Grupo Sanborns division showed a revenue increase of 2.3%, supported by strong seasonal sales.
- The backlog for Carso Infraestructura y Construccion increased significantly to MXN68.6 billion, indicating a robust pipeline of future projects.
- Zamajal's operational performance improved with a significant reduction in operating losses compared to the previous year.
- Grupo Carso recognized a 7% discount on outstanding payments from Pemex, strengthening their cash position.
- Strategic milestones in the hydrocarbons division, such as the acquisition of Fieldwood Mexico and contracts with Pemex, enhance long-term strategy positioning.
- Consolidated sales decreased by 4.7% compared to the fourth quarter of 2024, impacted by the appreciation of the Mexican peso.
- Operating income decreased by 40.9% due to lower profitability across several divisions.
- EBITDA fell by 31.7%, reflecting reduced operating results and foreign exchange impacts.
- Carso Infraestructura y Construccion experienced a 35.9% decrease in sales due to the conclusion of large infrastructure projects.
- Elementia Fortaleza Materiales saw a 95.6% decrease in operating income, largely due to peso appreciation affecting international revenues.
Good morning, everyone, and welcome to this webinar to discuss Grupo Carso's results for the fourth quarter of 2025.
Before we begin, I would like to remind you that this event is being recorded and that information discussed today may include forward-looking statements regarding the company's financial and operating performance. All projections are subject to risks and uncertainties, and actual results may differ materially.
Hosting today's conference are Mr. Arturo Spinola, Chief Financial Official of Grupo Carso; and I, Rogelio Barradas from Investor Relations. We will first provide a brief overview of the fourth-quarter financial results and then proceed to the Q&A questions -- Q&A session, I'm sorry.
Consolidated sales of Grupo Carso totaled MXN54.9 billion, decreasing 4.7% compared to 4Q of '24, mainly explained by lower sales across divisions due to the appreciation of Mexican peso. Grupo Sanborns was the division with the largest positive impact in revenues, driven by better seasonal sales.
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