Sigma Foods
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Sigma Foods (SIGMAF) investor relations material

Sigma Foods Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Record 2025 revenues surpassed $9.3 billion, with EBITDA reaching $1 billion and double-digit ROIC maintained in a dynamic macro environment.

  • Strong performance was driven by diversified operations, selective price actions, and favorable FX, with Mexico and Europe leading growth.

  • Completed the spin-off of Alpek, now reported as discontinued operations, and rebranded as Sigma Foods with a new ticker symbol.

  • Strategic focus remains on operational excellence, brand innovation, capacity expansion, and future-oriented innovation.

Financial highlights

  • 4Q25 revenues reached $2.5 billion, up 12–13% year-over-year, with full-year revenues up 4% to $9.273 billion.

  • 4Q25 EBITDA was $278 million, with comparable EBITDA at $284 million, up 28–34% year-over-year; full-year comparable EBITDA reached $1 billion.

  • Net income in 4Q25 was $177 million, compared to a $320 million loss in 4Q24; full-year net income was $462 million, up from $52 million in 2024.

  • Net debt at year-end was $2.705 billion, with Net Debt/EBITDA at 2.5x and total liquidity at $1.5 billion.

  • CapEx totaled $362 million for 2025, up 45–47% year-over-year, reflecting capacity expansions and modernization.

Outlook and guidance

  • 2026 guidance projects 4% revenue growth, 5–10% EBITDA growth, and 2% volume growth, with all regions contributing.

  • CapEx for 2026 is expected to increase 27% to $460 million, mainly for capacity replacement in Spain and expansions in Mexico and the U.S.

  • Proposed 2026 cash dividend of $150 million, to be paid in installments.

GLP-1 impact on portfolio and innovation?
US strategy against private label in hot dogs?
Europe restructuring impact on 2026 margins?
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Frequently asked questions

Alfa S.A.B. de C.V. is a diversified conglomerate operating in petrochemicals, food, and telecommunications. Its key subsidiaries are active in manufacturing, refrigerated foods, and information technology services. The company is headquartered in Monterrey, Mexico, and its shares are listed on the BMV.

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