Hortifrut (HF-B) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was $387.6M, down 6.6% year-over-year, with net income rising to $37.2M from $25.8M in Q1 2024, driven by improved gross margin and lower tax expense.

• Total assets increased to $1.93B as of March 31, 2025, up from $1.86B at year-end 2024, with equity rising to $714M.

Financial highlights

• Gross profit for Q1 2025 was $70.9M, up from $64.5M in Q1 2024, with gross margin improving to 18.3%.

• Operating income reached $52.7M, up from $46.7M year-over-year.

• Net cash from operating activities was $41.9M, down from $92.2M in Q1 2024.

• Cash and cash equivalents increased to $86.5M from $67.9M at year-end.

• Basic EPS for Q1 2025 was $0.00000046, compared to $0.00000030 in Q1 2024.

Outlook and guidance

• Management expects operating cash flows and available liquidity to be sufficient for working capital and interest payments over the next 12 months.

• No changes in accounting policies or significant subsequent events reported.