Kimberly-Clark de México (KIMBER) Q3 2025 earnings summary

Executive summary

• Net sales reached $13.4 billion pesos, up 2% year-over-year, with consumer products growing 5% and away-from-home flat.

• Net income for the quarter was $1.7 billion pesos, with EPS of $0.56.

• Cost reduction program delivered $500 million pesos in savings, mainly at the cost of goods sold level.

• Gross profit margin improved 50 basis points sequentially to 38.7%, but operating profit and EBITDA declined 4% and 3% year-over-year, respectively.

• Volume was flat overall, with 1% growth in consumer products and a 15% decline in export sales due to a 32% drop in hard-roll sales.

Financial highlights

• EBITDA was $3.4 billion pesos, representing a 25% margin.

• Operating profit decreased 4% year-over-year to $2.85 billion pesos, with a margin of 21.3%.

• Net income declined 8% year-over-year; EPS was $0.56 compared to $0.59 last year.

• Cost of goods sold increased 3% year-over-year; SG&A rose 4% and was up 30 basis points as a percentage of sales.

• Net interest expense increased to $401 million pesos, and a $3 million FX loss was recorded.

Outlook and guidance

• Lower input costs and a stronger peso are expected to be tailwinds in Q4 and 2026.

• Margins are expected to improve from current levels, with 2025 seen as a trough for EBITDA margin.

• No further FX hedges are planned; cost benefits from lower raw materials will be more visible in 2026.

• Strategic focus on innovation, mix management, and selective pricing to drive growth.

• Positive sequential trends in net sales and profit recovery continue.