Consorcio Ara SAB de CV (ARA) Q3 2026 earnings summary

Executive summary

• 3Q26 revenue rose 28.7% YoY to P$2.58bn, the highest quarterly level in a decade; EBITDA increased 14.2% to P$340.3m, while net income was flat at P$199.8m.

• 9M26 revenue grew 21.0% to P$7.17bn, EBITDA rose 14.8% to P$964.7m, and net income increased 2.2% to P$563.6m.

• The cash conversion cycle improved to 962 days at September 30, down 124 days from year-end 2025; 9M free cash flow to the firm was P$351.7m.

Financial highlights

• 3Q26 gross profit was P$664.3m, up 23.9% YoY; gross margin was 25.7%, down 100 bps, and operating income rose 15.8% to P$228.2m.

• 3Q26 EBITDA margin was 13.2%, down from 14.9%; net margin was 7.7%, down from 10.0%, amid higher costs, lower financial income and a larger tax provision.

• 9M26 operating income increased 12.7% to P$648.9m; operating margin was 9.0% versus 9.7%, while EBITDA margin was 13.4% versus 14.2%.

• 3Q26 free cash flow to the firm was negative P$27.3m, compared with positive P$183.3m in 3Q25; 9M26 was positive P$351.7m versus P$342.3m.

Outlook and guidance

• Management said 2026 financial and operating results were tracking in line with annual goals and reiterated focus on achieving those goals through year-end.