Logotype for Betterware de México S.A.P.I. de C.V.

Betterware (BWMX) investor relations material

Betterware Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Betterware de México S.A.P.I. de C.V.
Q3 2025 earnings summary23 Oct, 2025

Executive summary

  • Net revenue grew 1.4% year-over-year in Q3 2025, with EBITDA up 22% and margin expanding 362 basis points to 21.4%.

  • Profitability and cash flow improved across all business units, despite soft consumer demand in Mexico and the U.S.

  • Jafra Mexico led growth with a 7.9% revenue increase and 31% EBITDA growth, while Betterware Mexico's revenue declined 5.3% but profitability improved.

  • Jafra US stabilized after previous declines, achieving its best month in three years and 30% year-over-year revenue growth in September.

  • International expansion continued, with Betterware Ecuador and Guatemala showing strong growth and plans to launch in Colombia in early 2026.

Financial highlights

  • Q3 2025 net revenue: $3,377M MXN (+1.4% YoY); EBITDA: $722M MXN (+22% YoY); net income: $314M MXN (+71% YoY).

  • Gross margin expanded to 68.5% (+158 bps YoY); EBITDA margin rose to 21.4% (+362 bps YoY).

  • Free cash flow reached $554M MXN (+32.6% YoY), representing 77% conversion of EBITDA.

  • Net debt/EBITDA improved to 1.80x from 1.97x in Q2 2025, with a target of 1.6x by year-end.

  • Board approved MXN 200 million dividend, marking the 23rd consecutive quarterly dividend.

Outlook and guidance

  • Management expects full-year 2025 revenue and EBITDA growth in the 1–5% range.

  • Inventory targeted to close 2025 at MXN 2,100 million, down from MXN 2,500 million at the start of the year.

  • Plans to launch Betterware in Colombia in early 2026 to expand Latin American presence.

  • Strategic focus on five pillars: Mexican market leadership, regional expansion, new brands/categories, digital transformation, and financial discipline.

  • Ecuador operations projected to reach $80M revenue by FY 2026, with 21% month-over-month growth.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Betterware earnings date

Logotype for Betterware de México S.A.P.I. de C.V.
Q4 202527 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Betterware earnings date

Logotype for Betterware de México S.A.P.I. de C.V.
Q4 202527 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Betterware de Mexico, S.A.B. de C.V., develops and markets products for home, beauty, pets, kitchen, personal care and food products through an independent sales force in Mexico. The company provides homeware, kitchenware, and housewares products. It also provides cleaning, storage and organization, home decor, laundry and garment care, pet care, healthcare, personal care, and baby products; as well as kitchenware, dining ware and tabletop products. Betterware de Mexico sells its products direct-to-consumer through catalog orders placed with sales representatives. Betterware de Mexico sells its products directly to consumers through catalogs and in-home presentations.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage