Q4 2025 El Puerto de Liverpool SAB de CV Earnings Call Transcript
Key Points
- El Puerto de Liverpool SAB de CV (ELPQF) reported a 5% year-over-year increase in consolidated revenue for the fourth quarter, reaching MXN79.1 billion.
- The Financial Services segment was a standout performer with a 13.6% revenue expansion, driven by portfolio expansion strategies.
- The Real Estate division also delivered strong performance, posting a 6.7% increase in revenue due to higher occupancy and strategic lease renegotiations.
- Digital channels showed significant growth, with total GMV increasing by 18.2% year-over-year, reflecting the success of their unified commerce strategy.
- The company successfully issued $500 million in senior notes maturing in 2038, reflecting a solid credit profile with investment-grade ratings from S&P Global and Fitch.
- Retail margin performance was impacted by elevated logistics expenses associated with the migration to the new Arco Norte facility, leading to a 1 percentage point contraction in reported margins.
- The nonperforming loan ratio increased by 53 basis points to 3.7%, reflecting challenges in the credit business.
- Consolidated net profit for the period decreased by 21.4% compared to the same quarter last year, reaching MXN7.6 billion.
- Operating expenses, including loan loss provisions, depreciation, and amortization, increased by 6.2% during the quarter.
- The company anticipates incurring approximately $100 million in incremental onetime expenses during the first half of 2026 to support the ongoing stabilization of the Arco Norte operation.
Good morning. My name is Gabriel, and I will be your conference operator. (Operator Instructions) This is Liverpool's fourth quarter 2025 earnings call. (Operator Instructions)
Today, we have with us Mr. Gonzalo Gallegos, Chief Financial Officer; Mr. Jose Antonio Diego, Treasury and Investor Relations Director; Mr. Enrique Grinan, Investor Relations Officer; and Ms. Nidia Garrido, Investor Relations. They will be discussing the company's performance as per the earnings release for the fourth quarter 2025 issued yesterday, Monday, February 23. If you do not receive the report, please contact Liverpool's IR department, and they will e-mail to you or you can download it from the IR website.
To ensure focused discussion, this call is for investors and analysts only. I will be taking questions exclusively from them. Any forward-looking statements made during this earnings call are based on information that is currently available. They are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions discussed today. This may be
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