Consorcio ARA SAB de CV ( (CNRFF) ) has released its Q4 earnings. Here is a breakdown of the information Consorcio ARA SAB de CV presented to its investors.
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Consorcio ARA, S.A.B. de C.V., a prominent player in the Mexican real estate sector, specializes in the design, construction, and sale of residential developments, alongside the operation of commercial centers. With over 48 years of experience, the company has established a strong presence across 15 states in Mexico.
In its latest earnings report for the fourth quarter of 2024, Consorcio ARA announced a significant increase in total revenues, reaching $1,783.4 million, marking an 18.1% growth compared to the previous year. The company also reported a notable rise in housing revenues, which grew by 20.5% year-over-year, driven by strong performances in the Social Interest and Middle-Type segments.
Key financial highlights include a 36.9% increase in net profit, totaling $189.1 million, and a 20% rise in EBITDA to $244.2 million. The company also achieved a positive free cash flow of $40.6 million for the quarter. On an annual basis, revenues grew by 5.5% to $7,118.5 million, with net profit and EBITDA showing modest increases of 4.4% and 5.7%, respectively.
Looking ahead, Consorcio ARA’s management remains optimistic about maintaining the positive momentum into 2025, leveraging favorable market conditions in the housing sector. The company plans to continue its strategic focus on geographic diversification and product offerings across various market segments, supported by a robust financial structure and experienced leadership.