Grupo Carso SAB de CV 1 earnings date
Grupo Carso SAB de CV 1 (4GF) Q3 2026 Earnings Report
DE:4GF Q3 2026 EPS Results
- Actual EPS
- EUR 0.06
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- EUR 0.01
DE:4GF Q3 2026 Revenue Results
- Actual Revenue
- EUR 2.32B
- Expected Revenue
- EUR 2.30B
- Beat/Miss
- Beat by +EUR 15.90M
- YoY Revenue Growth
- +4.60%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/26/2026
- Time
- TBA
- Conference Call
- Monday, October 26, 2026
Grupo Carso SAB de CV 1's next earnings date is estimated for February 1, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was broadly positive, with Grupo Carso reporting 4.6% sales growth, a 51.3% increase in operating income, 21.5% EBITDA growth and a substantial improvement in net income. Condumex, infrastructure, Zamajal and Sanborns delivered growth or improved profitability, while the company also highlighted a strong backlog, ongoing Ixachi well deliveries and the completed El Salvador divestment. These positives outweighed lower Elementia and Fortaleza sales and significant declines at Carso Energy, where exchange-rate effects and lower water inflows in Panama remained challenges.
Management said that lower water inflows associated with El Nino affecting power sales in Panama are a condition we expect to persist into next year; the lease of the jack-up rigs commenced during the quarter for a term exceeding 1 year; and, at Ixachi, 8 wells have been delivered to Pemex, with between 2 and 4 additional wells expected to be delivered by the year-end of this year.
- Infrastructure and Construction Sales GrowthCarso Infraestructura y Construccion recorded sales of MXN 7.4 billion, up 5.6% year-over-year. Infrastructure division sales increased 81%, mainly due to the start of construction of the Saltillo-Santa Catarina Train, while Pipelines division sales increased 8%.
- Improved Infrastructure and Construction ProfitabilityCarso Infraestructura y Construccion operating income and EBITDA reached MXN 259 million and MXN 490 million, respectively, posting significant improvements compared with the same period of 2025.
- Jack-Up Rig Lease CommencedThe lease of the jack-up rigs commenced during the quarter for a term exceeding one year.
- Strong Construction BacklogCarso Infraestructura y Construccion backlog totaled MXN 36.9 billion as of September 2026.
- Elementia and Fortaleza Profitability Increased Despite Lower SalesElementia and Fortaleza operating income increased to MXN 1.8 billion from MXN 1.1 billion in the third quarter of 2025, while EBITDA reached MXN 2.1 billion.
- Zamajal Surge and Strong MarginsZamajal sales totaled MXN 3 billion, increasing significantly from MXN 546 million in the third quarter of the prior year. The periods are not directly comparable due to the execution of the Ixachi well drilling services agreement with Pemex. Operating income reached MXN 736 million with a 24.7% margin, while EBITDA totaled MXN 1 billion with a 34.6% margin.
- Ixachi Well Deliveries ProgressingEight wells have been delivered to Pemex at Ixachi, and between two and four additional wells are expected to be delivered by year-end 2026.
- Fortaleza El Salvador Divestment CompletedBy the end of August, Fortaleza Materiales completed the sale of its subsidiary in El Salvador. The transaction included a 65% interest in Cementos Fortaleza El Salvador and was completed at an enterprise value of MXN 75 million, subject to customary adjustments.
- Strong Consolidated Sales GrowthGrupo Carso sales totaled MXN 47.6 billion in the third quarter of 2026, increasing 4.6% compared with the same period of the prior year despite the impact of the peso appreciation. Most divisions posted growth, led by Zamajal and Condumex.
- Significant Operating Income and EBITDA GrowthOperating income reached MXN 4.8 billion, compared with MXN 3.2 billion in the third quarter of 2025, an increase of 51.3%. The performance was mainly driven by Elementia, Condumex and Zamajal, with growth recorded across all business segments. EBITDA totaled MXN 6.8 billion, 21.5% above the third quarter of 2025.
- Net Income ImprovementNet income attributable to the controlling interest reached MXN 2.6 billion, compared with MXN 651 million in the third quarter of 2025, reflecting the improvement in operating performance.
- Sanborns Profitability ImprovementGrupo Sanborns revenue increased 1.4% to MXN 16.1 billion, while operating income rose 19.1% to MXN 528 million and EBITDA increased 12.3% to MXN 1.1 billion. The company described these as solid results despite subdued consumer spending as reflected in ANTAD indicators.
- Condumex Growth Driven by Cable Demand and ExportsDespite the stronger peso, Condumex sales increased 12.3% to MXN 14.9 billion, mainly driven by a 27.9% increase in Cable division sales, including cables for data centers, together with higher exports. Operating income rose 14.5% to MXN 1.1 billion and EBITDA increased 5.7% to MXN 1.3 billion.
DE:4GF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 01, 2027 | 2026 (Q4) | ―- | 0.04 | ― | ― |
| Oct 26, 2026 | 2026 (Q3) | ―0.06 | 0.01 | 293.08% (+0.04) | |
| Jul 27, 2026 | 2026 (Q2) | 0.040.06 | 0.06 | 10.77% (+0.01) | |
| Apr 27, 2026 | 2026 (Q1) | 0.040.03 | 0.04 | -6.50% (-0.00) | |
| Feb 09, 2026 | 2025 (Q4) | 0.040.04 | 0.09 | -57.37% (-0.05) | |
| Oct 27, 2025 | 2025 (Q3) | ―0.01 | 0.06 | -78.35% (-0.05) | |
| Jul 22, 2025 | 2025 (Q2) | 0.060.06 | 0.1 | -42.33% (-0.04) | |
| Apr 28, 2025 | 2025 (Q1) | 0.070.04 | 0.07 | -45.92% (-0.03) | |
| Jan 27, 2025 | 2024 (Q4) | 0.100.09 | 0.08 | 22.58% (+0.02) | |
| Oct 28, 2024 | 2024 (Q3) | 0.080.06 | 0.06 | 6.97% (+0.00) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
