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Gruma (GRUMA) investor relations material
Gruma Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Global leader in corn flour and tortilla production with $6.3B in sales and 75 plants worldwide as of 2Q25 LTM.
Strong brand awareness and #1 or #2 market positions across major regions.
Health-oriented product innovation drives low double-digit sales growth in new categories.
Adapted to U.S. market uncertainty, maintaining resilient retail tortilla sales and positive food service trends.
Asia & Oceania saw outstanding growth, especially from China, Australia, and Malaysia.
Financial highlights
Net sales reached $6,576M and EBITDA $1,146M for 2Q25 LTM.
EBITDA per ton increased to $264.7, reflecting improved profitability.
Dividend payments and share buybacks continue, with $2,051M pesos in dividends and $172.1M in repurchases YTD 2025.
EBITDA up 1% to $289.7M; EBITDA margin up 90 bps to 18.1%.
Cost of sales decreased 6% to $970.1M; gross margin improved to 39.4%.
Outlook and guidance
Margin improvement expected from higher-margin SKUs, healthier alternatives, and operational efficiencies.
GIMSA anticipates growth from transition to nixtamalized corn flour and stable demand.
U.S. volume and sales contraction expected to correct in the second half as consumer confidence improves.
Central America volumes and revenues should revert to growth post-capacity investments.
European and Asian markets present further growth opportunities, especially in tortillas and flatbreads.
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