Arca Continental (AC) Q4 2025 earnings summary

Executive summary

• 2025 was marked by extreme weather, operational disruptions, and macroeconomic volatility, impacting consumption and traffic in key markets.

• Consolidated net sales for 2025 increased 4.6% year-over-year to Ps. 247,926 million, with EBITDA up 3.0% to Ps. 50,180 million, surpassing the Ps. 50 billion mark for the first time.

• Net income for the year was Ps. 19,580 million, in line with the previous year, with a net margin of 7.9%.

• Despite challenges, strong execution, digital transformation, and disciplined cost management led to record full-year EBITDA and improved fundamentals.

• The company remains confident in its operating model and is prepared for 2026, with major brand-building events and centennial celebrations ahead.

Financial highlights

• Full-year net sales: Ps. 247,926 million (+4.6% YoY); 4Q25: Ps. 64,540 million (-0.6% YoY).

• Full-year EBITDA: Ps. 50,180 million (+3.0% YoY, margin 20.2%); 4Q25: Ps. 13,547 million (-4.5% YoY, margin 21.0%).

• Full-year net income: Ps. 19,580 million (+0.1% YoY, margin 7.9%); 4Q25: Ps. 4,658 million (-11.5% YoY, margin 7.2%).

• Net debt to EBITDA ratio at 0.67x; cash and equivalents at MXN 28.6 billion; total debt at MXN 62.3 billion.

• Gross profit for 2025: Ps. 116,420 million (+4.2% YoY, margin 47.0%).

Outlook and guidance

• 2026 consolidated sales growth expected in the mid-single digits, supported by price adjustments at least in line with inflation.

• Capex planned at 7% of total sales, targeting market execution, network expansion, and digital agenda.

• Major events like the FIFA World Cup and centennial celebrations expected to drive incremental demand.

• Margin pressure anticipated in Mexico due to tax-related volume impacts, but mitigated by efficiency initiatives and event-driven tailwinds.