Corporativo Fragua (FRAGUAB) Q4 2025 earnings summary

Executive summary

• Achieved 9.9% year-over-year growth in net sales, reaching $120,238 million MXN in 2024.

• Opened 149 new stores, surpassing expansion targets, now operating 2,867 locations in 485 cities.

• Workforce grew 7.6% to 59,953 employees, supporting expansion and operational efficiency.

• Maintained strong liquidity and financial health, enabling continued investment in growth.

Financial highlights

• Net sales increased from $109,374 million MXN in 2023 to $120,238 million MXN in 2024 (+9.9%).

• Same-store sales rose 6.1% year-over-year.

• Gross profit grew 12.5% to $28,144 million MXN; gross margin improved to 23.4%.

• Operating income decreased 2.2% to $8,613 million MXN; operating margin fell to 7.2%.

• Net income increased 8.9% to $4,902 million MXN; net margin stable at 4.1%.

• EBITDA slightly decreased by 0.6% to $9,311 million MXN.

• Total assets rose 13.6% to $57,528 million MXN; total liabilities up 14.5% to $32,114 million MXN.

Outlook and guidance

• Financial structure and liquidity remain robust, supporting the 2025 expansion plan.

• Continued focus on operational efficiency, technology upgrades, and customer service.