El Puerto de Liverpool (LIVEPOLC) Q4 2025 earnings summary

Executive summary

• Consolidated revenue grew 5.0% in 4Q25, with full-year revenue up 6.7% year-over-year to $229 billion pesos.

• Retail division grew 4.3% in 4Q25, Financial Services rose 13.6%, and Real Estate increased 6.7%.

• Net income for the quarter was $7.6 billion, down 21.4% year-over-year; full-year net income fell 25.9%.

• EBITDA for 4Q25 reached $15.3 billion, up 3.0%, but full-year EBITDA contracted 4.7%.

Financial highlights

• Retail margin for 4Q25 was 32.0%, a 1 percentage point contraction; consolidated gross margin was 38.5%, down 0.5 p.p.

• Operating expenses (excl. bad debt, D&A) rose 1.1% in 4Q25; total operating expenses up 6.2%.

• Loan loss provisions increased 34.9% year-over-year in 4Q25.

• Cash and equivalents at year-end were $25.3 billion, up 2.2%.

• Net debt/EBITDA leverage ratio stood at 0.52x.

Outlook and guidance

• New logistics center investment of $17 billion is nearly complete, supporting future operational efficiency.

• Expansion into wholesale via exclusive DOCKERS license expected to diversify and grow revenue.