Overview
- Grupo Carso reported Q2 2026 net income of 2,964 million pesos, a 10.6% increase driven largely by improved financing results and revenue gains in Zamajal and Grupo Sanborns.
- Consolidated sales rose 3.9% to 48,194 million pesos while consolidated EBITDA fell to 7,184 million pesos, a drop explained by a stronger peso and a high 2025 comparison base from U.S. cement asset sales.
- Zamajal’s revenue jumped to 3,241 million pesos from 476 million as work for Pemex at the Ixachi field increased activity, producing a sharp rise in that division’s EBITDA.
- Grupo Sanborns grew sales to 17,810 million pesos but saw its net profit fall because of higher operating costs tied to Oracle and Salesforce implementations, bigger bad-debt reserves, and wage increases.
- The company is expanding upstream energy exposure through a May purchase of an extra 5% of Zama and a July agreement to buy 30% of TotalEnergies’ Block 30 stake, transactions that remain subject to regulatory clearance and fit a low-leverage profile (net debt/EBITDA ~0.69).