Organización Soriana (SORIANA) Q4 2024 earnings summary

Executive summary

• 2024 total income rose 1.7% to $179.112 billion pesos, while EBITDA fell 1.5% to $12.707 billion and net income declined 22.5% to $3.909 billion.

• Q4 total income declined 0.8% to $48.992 billion pesos; reported EBITDA fell 7.9%, but rose 16.7% excluding $895 million pesos of prior-year non-comparable items.

Financial highlights

• Q4 gross profit increased 2.1% to $11.674 billion pesos, with a 23.8% margin; annual gross profit rose 5.7% to $42.428 billion, with a 23.7% margin.

• Q4 operating income was $3.007 billion pesos, down 9.2%; annual operating income was $8.664 billion, down 8.2%.

• Q4 net income was $1.857 billion pesos, down 15.0%; annual net income was $3.909 billion, down 22.5%.

• Q4 cash net profit fell 18.3% to $2.419 billion pesos; annual cash net profit declined 7.6% to $7.493 billion.

Outlook and guidance

• FAZT partnership targets more than 1,000 EV charging stations by 2030; rollout began in 2025 with 57 stations in Nuevo León and Jalisco.