Grupo Rotoplas S.A.B. (AGUA) Q2 2026 earnings summary

Executive summary

• Achieved sequential top-line growth, double-digit EBITDA expansion, margin improvement, and reduced leverage, despite currency volatility and higher raw material costs.

• Strategic priorities advanced: profitable growth, innovation in smart water solutions, technology and talent development, and sustainability initiatives recognized by CDP and in Peru.

• U.S. operations maintained positive momentum; Argentina narrowed losses through pricing and efficiencies, though FX volatility impacted results.

• Services segment, led by bebbia, continued to grow, surpassing 193,000 active subscribers.

• Continued deleveraging, reducing leverage ratio to 2.3x and refinancing sustainable bond for financial flexibility.

Financial highlights

• Net sales reached MXN 3,044 million in Q2'26, up 3.4% year-over-year; cumulative sales for 6M26 at MXN 5,705 million, up 2.2%.

• Gross profit at MXN 1,277 million in Q2'26, 42% margin, up 70 bps year-over-year.

• Operating income rose 4.8% to MXN 217 million in Q2'26; EBITDA up 11% to MXN 409 million, margin expanded 90 bps to 13.4%.

• Reported net loss of MXN 201 million in Q2'26, versus profit of MXN 42 million last year, mainly due to non-cash items in Argentina and higher taxes.

• Net financial debt decreased 16% year-over-year to MXN 3,153 million; Net Debt/EBITDA improved to 2.3x from 3.2x.

Outlook and guidance

• Focus remains on margin discipline, deleveraging, and executing the services path to breakeven.

• CapEx expected to remain at 3–4% of revenues, with continued investment in innovation, technology, and digital platforms.

• Management anticipates volatility from climate phenomena but does not expect a repeat of 2021–2022 demand spikes.