Corporación Moctezuma (CMOCTEZ) Q1 2025 earnings summary

Executive summary

• Q1 2025 sales fell 1.8% YoY to MXN4,852m amid economic uncertainty; operating income rose 1.7% and EBITDA 2.3%, while net income was essentially flat at MXN1,650m.

• Cost discipline lifted operating and EBITDA margins, and liquidity remained strong with MXN8,614m cash and equivalents at March 31, 2025.

Financial highlights

• Net sales were MXN4,852m, down 1.8% YoY; cost of sales declined 4.1% and operating expenses declined 3.7%.

• Gross profit was MXN3,195m, down 0.5% YoY; operating income was MXN2,185m, up 1.7%.

• Net income attributable to controlling interests was MXN1,650m, effectively unchanged YoY; basic EPS rose to MXN1.93 from MXN1.92.

• Financial EBITDA reached MXN2,366m, up 2.3% YoY; management EBITDA was MXN2,371m after adding MXN5m depreciation in inventories.

Outlook and guidance

• Management cited continued macro and construction-sector challenges, while aiming for 2025 results above 2024 through commercial execution and cost-efficiency strategies; no numerical target was stated.

• Strategy priorities include reinvesting operating cash in plant maintenance, modernization, technology, energy efficiency and sustainability under Roadmap 2030.