Overview
- The company reported a 22.1% rise in net income to 4,109 million pesos and a 5.5% increase in adjusted EBITDA to 16,644 million pesos, with EBITDA coming in roughly 4% above analyst consensus.
- Group sales were 106,061 million pesos, down 1.3% year‑on‑year in pesos but up 3.6% on a constant‑currency basis because the stronger Mexican peso reduced the reported value of foreign revenues.
- Mexico was the strongest market with sales up 5.2% to 40,905 million pesos, while North America grew 1% excluding currency effects but faced lower volumes and higher logistics costs that management has been addressing through transformation measures.
- Management told analysts on Thursday that near‑term commodity needs are largely hedged (fully covered for Q4 2026 and nearly 100% for H1 2027) but warned of likely raw‑material and distribution cost pressure in 2027 and signalled a slight rise in CapEx next year.
- Strong cash generation has improved the balance sheet, with about 17,000 million pesos of free cash flow in the first nine months and net debt to adjusted EBITDA falling to roughly 2.4x, giving the company room to pursue modest investment or selective acquisitions.