Grupo Posadas (POSADAS ) Q1 2025 earnings summary

Executive summary

• RevPAR increased 11% year-over-year, with hotel occupancy at 63% and ADR up 10% for 1Q25.

• Total revenue reached MXN 2,914 million, up 8% year-over-year.

• EBITDA for the quarter was MXN 561 million, a 13% increase year-over-year.

• Net income for 1Q25 was MXN 153 million, more than double the prior year.

• Cash balance as of March 31, 2025, was MXN 3,207 million, 60% higher than the previous quarter, with 75% in USD.

Financial highlights

• Revenue grew 8% year-over-year to MXN 2,915 million.

• EBITDA rose 13% year-over-year to MXN 561 million.

• Net income improved to MXN 153 million from a net loss of MXN 35 million in 1Q24.

• Cash and cash equivalents at quarter-end were MXN 3,207 million, up from MXN 2,001 million a year ago.

• Net debt/EBITDA improved to 3.5x as of March 2025, down from 4.1x in December 2024.

Outlook and guidance

• Pipeline includes 32 new hotels with 5,076 rooms, representing 17% growth, with openings starting Q2 2025.

• 61% of new rooms are in coastal destinations.

• Refurbishment of Fiesta Americana Condesa Acapulco to cost MXN 610 million, 16% financed by the company; hotel is now fully operational.