Strong Sales Growth
Sales increased by 15.9% with notable performance in Mexico, Brazil, Argentina, and the U.S. Gross margin improved by 184 basis points, reaching 64.3%.
EBITDA and Net Income Surge
EBITDA expanded by 245 basis points to 23.7%. Net income surged by 78.1% and earnings per share grew by 81.6%.
Record High Cash Flow Generation
Cash flow generation over the past 12 months hit a record high of MXN 2,404 million, representing a 68.1% increase.
Operational Improvements
Significant progress in reducing the cash conversion cycle to 117 days, or 95 days when adjusted for inflationary accounting in Argentina.
Successful Market Share Gains
73% of sales maintained or gained market share with 92% of sales outpacing inflation.
U.S. Market Performance
Net sales in the U.S. increased by 12% in dollar terms and 25.8% in Mexican pesos, with a 440 basis point increase in EBITDA margin.
GMP Approval in Mexico
Health authorities in Mexico granted GMPs for pending forms at the San Cayetano plant.