EarningsQ4 2025 Earnings Report
MX:ARA Q4 2025 EPS Results
Actual EPS$0.29
Consensus EPS$0.14
Beat/MissBeat by +$0.15
One Year Ago EPS$0.15
MX:ARA Q4 2025 Revenue Results
Actual Revenue$2.33B
Expected Revenue$2.01B
Beat/MissBeat by +$313.00M
YoY Revenue Growth+30.50%
Earnings Announcement Details
QuarterQ4 2025
Date02/17/2026
TimeAfter Close
Conference CallTuesday, February 17, 2026
MX:ARA Upcoming Earnings
Consorcio ARA SAB de CV's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q4 2025 Earnings Call Audio
MX:ARA Q4 2025 Earnings Call
0:00 / 0:00
Q4 2025 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights robust top-line growth, meaningful increases in unit sales and average prices, stronger EBITDA and net income (the latter materially helped by tax items), improved free cash flow and a substantially shortened working capital cycle. The company presents healthy leverage metrics and continues to grow its shopping center business with high occupancy. Offsetting these positives are margin compression from higher overhead and promotional spending, declines in the affordable segment due to project timing, a drop in cash balances with higher accounts receivable, concentration of short-term maturities and an upcoming MXN 1.2 billion refinancing, and a noted inconsistency in the disclosed dividend amount. On balance, the operational momentum, cash generation improvement and healthy leverage indicators outweigh the operational and timing headwinds.Company Guidance
Strong Revenue Growth (Quarter & Full Year)
Q4 2025 total revenues of MXN 2.33 billion, up 30.5% YoY. Full-year 2025 total revenues of MXN 8.25 billion, up 16.0% YoY.
Higher Unit Sales and Average Price
Sold 1,782 homes in Q4 2025, a 25.8% increase YoY. Full-year sold 6,214 homes. Average sales price increased ~4.4% in Q4 and 6.7% for FY 2025 (FY avg MXN 1.26 million).
Outperformance in Middle‑Income and Residential Segments
Middle-income revenues Q4 MXN 1.08 billion (strong growth) and middle-income FY MXN 3.66 billion, +29.7% YoY. Residential FY MXN 1.91 billion, +24.1% YoY. FY revenue mix: middle-income ~44.4%, residential ~23.1%.
Operating and EBITDA Growth
Q4 operating income MXN 220 million (+23.1% YoY) and Q4 EBITDA MXN 307.2 million (+25.8% YoY). FY operating income MXN 796.0 million (+7.2%) and FY EBITDA MXN 1.16 billion (+11.0%).
Material Net Income and Net Margin Expansion (Tax Effect)
Q4 net income MXN 354.9 million (+93.3% YoY) and Q4 net margin 15.2% (expansion of 490 bps), largely due to deferred income tax credit. FY net income MXN 906.2 million (+31.9%) and FY net margin 11.0% (up 130 bps) due to lower deferred tax.
Improved Free Cash Flow and Working Capital Reduction
Full-year free cash flow to firm MXN 400.9 million, +35% YoY; after interest MXN 98.2 million. Management reported a 113-day reduction in working capital cycle supporting positive FCF generation.
Healthy Leverage and Coverage Metrics
Cost-bearing debt-to-EBITDA 2.3x, net debt-to-EBITDA 0.48x, interest coverage ratio 3.65x (7.85x on net interest). Net debt position reported as positive MXN 557.5 million at year-end.
Shopping Center Division Growth and High Occupancy
Q4 shopping center revenues MXN 146.9 million (+15.8% YoY) and NOI MXN 104.5 million (+23.4%). FY revenues MXN 546.6 million (+10.9%), FY NOI MXN 379.9 million (+10.8%). Total GLA 204,003 sqm and occupancy ~94.8%.
Sustainability Recognition
HR Ratings issued a favorable opinion on ARA 21-2X and ARA 23X sustainable issues in recognition of sustainable building solutions and alignment of sustainability strategy.
Dividend Proposal
Board proposed a dividend (disclosed as MXN 300 million in the prepared remarks) representing ~22.1% of FY 2025 net income and a ~4.4% yield based on Dec 31, 2025 share price.
MX:ARA Earnings History
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.
Beat
Missed