GRUPO ELEKTRA ANNOUNCES THIRD QUARTER 2025 RESULTS
MEXICO CITY, Oct. 28, 2025 /PRNewswire/ -- Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), reported today its third quarter 2025 results.
Quarterly results
Consolidated revenue was Ps.53,864 million, compared to Ps.50,761 million in the same quarter of the previous year.
Consolidated costs were Ps.25,637 million, up from Ps.24,538 million in the previous year, while sales, administrative and promotion expenses totaled Ps.21,305 million, compared to Ps.19,358 million in the same period in 2024.
EBITDA was Ps.6,922 million, compared to Ps.6,865 million a year ago. Relevant changes below EBITDA were as follows:
A gain in foreign exchange of Ps.155 million this quarter, compared to a foreign exchange loss of Ps.491 million a year ago, as a result of a net liability monetary position, combined with appreciation of the peso against the dollar this period, compared to depreciation the previous year.
A positive variation of Ps.3,965 million in other financial results, reflecting stability this quarter in the market value of the underlying financial instruments held by the company — and which do not imply cash flow — compared to a loss of 11% a year ago.
Consistent with the quarter's results, there was an increase of Ps.1,299 million in the tax provision for the period.
Grupo Elektra reported net income of Ps.2,274 million, compared to net loss of Ps.574 million a year ago.
Balance sheet
The consolidated gross loan portfolio of Banco Azteca Mexico, Purpose Financial, and Banco Azteca Latinoamerica as of September 30, 2025, was Ps.212,366 million, up from Ps.189,537 million the previous year. The consolidated non-performing loan ratio was 5.2% at the end of the period, compared to 4.2% the previous year.
Grupo Elektra's consolidated deposits totaled Ps.248,125 million, compared to Ps.227,495 million a year ago.
Company Profile:
Grupo Elektra is Latin America's leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States. The group operates more than 6,000 points of contact in México, the United States, Guatemala, Honduras, and Panama.
Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include TV Azteca (www.TVazteca.com; www.irtvazteca.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Purpose Financial (havepurpose.com), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Punto Casa de Bolsa (www.puntocasadebolsa.mx), Total Play (irtotalplay.mx; www.totalplay.com.mx) and Total Play Empresarial (totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade shares on the Mexican Stock Market and in Spain's' Latibex market. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.
Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are presented in documents sent to the securities authorities.
|
|
|
|
|
|
Investor Relations: |
|
|
Bruno Rangel |
|
Rolando Villarreal |
|
Grupo Salinas |
|
Grupo Elektra S.A.B. de C.V. |
|
Tel. +52 (55) 1720-9167 |
|
Tel. +52 (55) 1720-9167 |
|
|
||
|
|
Press Relations: |
|
|
|
Luciano Pascoe |
|
|
|
Tel. +52 (55) 1720 1313 ext. 36553 |
|
|
|
|
|
|
|
|
|
|
GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES |
||||||||||
|
CONSOLIDATED INCOME STATEMENTS |
||||||||||
|
MILLIONS OF MEXICAN PESOS |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q24 |
|
3Q25 |
|
Change |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income |
32,536 |
64 % |
|
35,569 |
66 % |
|
3,033 |
9 % |
|
|
|
Commercial income |
18,225 |
36 % |
|
18,295 |
34 % |
|
70 |
0 % |
|
|
|
Income |
50,761 |
100 % |
|
53,864 |
100 % |
|
3,103 |
6 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial cost |
11,620 |
23 % |
|
13,165 |
24 % |
|
1,545 |
13 % |
|
|
|
Commercial cost |
12,917 |
25 % |
|
12,472 |
23 % |
|
(445) |
-3 % |
|
|
|
Costs |
24,538 |
48 % |
|
25,637 |
48 % |
|
1,099 |
4 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross income |
26,223 |
52 % |
|
28,227 |
52 % |
|
2,004 |
8 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales, administration and promotion expenses |
19,358 |
38 % |
|
21,305 |
40 % |
|
1,947 |
10 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
6,865 |
14 % |
|
6,922 |
13 % |
|
57 |
1 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
2,363 |
5 % |
|
2,497 |
5 % |
|
134 |
6 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (income) expense, net |
(3) |
0 % |
|
117 |
0 % |
|
121 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
4,506 |
9 % |
|
4,308 |
8 % |
|
(198) |
-4 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive financial result: |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
586 |
1 % |
|
274 |
1 % |
|
(312) |
-53 % |
|
|
|
Interest expense |
(1,471) |
-3 % |
|
(1,440) |
-3 % |
|
31 |
2 % |
|
|
|
Foreign exchange (loss) gain, net |
(491) |
-1 % |
|
155 |
0 % |
|
645 |
---- |
|
|
|
Other financial results, net |
(3,839) |
-8 % |
|
126 |
0 % |
|
3,965 |
---- |
|
|
|
|
(5,215) |
-10 % |
|
(886) |
-2 % |
|
4,329 |
83 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participation in the net income of |
|
|
|
|
|
|
|
|
|
|
|
CASA and other associated companies |
(109) |
0 % |
|
(80) |
0 % |
|
29 |
27 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income before income tax |
(818) |
-2 % |
|
3,342 |
6 % |
|
4,160 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax |
244 |
0 % |
|
(1,056) |
-2 % |
|
(1,299) |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income before discontinued operations |
(575) |
-1 % |
|
2,286 |
4 % |
|
2,861 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Result from discontinued operations |
0 |
0 % |
|
(12) |
0 % |
|
(12) |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net (loss) income |
(574) |
-1 % |
|
2,274 |
4 % |
|
2,849 |
---- |
|
|
GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES |
||||||||||
|
CONSOLIDATED INCOME STATEMENTS |
||||||||||
|
MILLIONS OF MEXICAN PESOS |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9M24 |
|
9M25 |
|
Change |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income |
89,304 |
62 % |
|
100,958 |
65 % |
|
11,653 |
13 % |
|
|
|
Commercial income |
54,202 |
38 % |
|
55,539 |
35 % |
|
1,337 |
2 % |
|
|
|
Income |
143,506 |
100 % |
|
156,497 |
100 % |
|
12,991 |
9 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial cost |
30,426 |
21 % |
|
33,329 |
21 % |
|
2,904 |
10 % |
|
|
|
Commercial cost |
38,569 |
27 % |
|
38,537 |
25 % |
|
(32) |
0 % |
|
|
|
Costs |
68,995 |
48 % |
|
71,866 |
46 % |
|
2,872 |
4 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross income |
74,511 |
52 % |
|
84,630 |
54 % |
|
10,119 |
14 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales, administration and promotion expenses |
54,957 |
38 % |
|
64,641 |
41 % |
|
9,684 |
18 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
19,554 |
14 % |
|
19,989 |
13 % |
|
435 |
2 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
7,004 |
5 % |
|
7,314 |
5 % |
|
310 |
4 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (income) expense, net |
(18) |
0 % |
|
101 |
0 % |
|
119 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
12,569 |
9 % |
|
12,575 |
8 % |
|
5 |
0 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive financial result: |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
1,510 |
1 % |
|
1,130 |
1 % |
|
(380) |
-25 % |
|
|
|
Interest expense |
(4,373) |
-3 % |
|
(4,501) |
-3 % |
|
(128) |
-3 % |
|
|
|
Foreign exchange (loss) gain, net |
(1,124) |
-1 % |
|
757 |
0 % |
|
1,882 |
---- |
|
|
|
Other financial results, net |
(7,476) |
-5 % |
|
163 |
0 % |
|
7,639 |
---- |
|
|
|
|
(11,463) |
-8 % |
|
(2,451) |
-2 % |
|
9,012 |
79 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participation in the net income of |
|
|
|
|
|
|
|
|
|
|
|
CASA and other associated companies |
(335) |
0 % |
|
(29) |
0 % |
|
306 |
91 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income tax |
771 |
1 % |
|
10,095 |
6 % |
|
9,324 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax |
(267) |
0 % |
|
(3,262) |
-2 % |
|
(2,995) |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before discontinued operations |
504 |
0 % |
|
6,833 |
4 % |
|
6,329 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Result from discontinued operations |
(2) |
0 % |
|
2 |
0 % |
|
4 |
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net income |
502 |
0 % |
|
6,835 |
4 % |
|
6,333 |
---- |
|
|
GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES |
||||||||||
|
|
Commercial |
Financial |
Grupo |
|
Commercial |
Financial |
Grupo |
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
Change |
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At September 30, 2024 |
|
At September 30, 2025 |
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
12,026 |
30,334 |
42,360 |
|
8,595 |
34,226 |
42,822 |
|
461 |
1 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketable financial instruments |
3,875 |
97,962 |
101,837 |
|
5,850 |
132,710 |
138,560 |
|
36,724 |
36 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing loan portfolio |
- |
97,182 |
97,182 |
|
- |
110,442 |
110,442 |
|
13,260 |
14 % |
|
Total past-due loans |
- |
5,706 |
5,706 |
|
- |
7,507 |
7,507 |
|
1,801 |
32 % |
|
Gross loan portfolio |
- |
102,888 |
102,888 |
|
- |
117,949 |
117,949 |
|
15,061 |
15 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit risks |
- |
18,971 |
18,971 |
|
- |
20,905 |
20,905 |
|
1,933 |
10 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan portfolio, net |
- |
83,917 |
83,917 |
|
- |
97,044 |
97,044 |
|
13,127 |
16 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories |
20,592 |
- |
20,592 |
|
25,113 |
- |
25,113 |
|
4,521 |
22 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current assets |
25,930 |
15,391 |
41,321 |
|
21,982 |
12,858 |
34,840 |
|
(6,480) |
-16 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
62,424 |
227,603 |
290,027 |
|
61,541 |
276,839 |
338,380 |
|
48,353 |
17 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial instruments |
24,314 |
2 |
24,316 |
|
8,993 |
249 |
9,242 |
|
(15,073) |
-62 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing loan portfolio |
- |
84,466 |
84,466 |
|
- |
90,942 |
90,942 |
|
6,476 |
8 % |
|
Total past-due loans |
- |
2,184 |
2,184 |
|
- |
3,476 |
3,476 |
|
1,292 |
59 % |
|
Gross loan portfolio |
- |
86,649 |
86,649 |
|
- |
94,417 |
94,417 |
|
7,768 |
9 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit risks |
- |
5,459 |
5,459 |
|
- |
6,958 |
6,958 |
|
1,499 |
27 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan portfolio |
- |
81,190 |
81,190 |
|
- |
87,460 |
87,460 |
|
6,270 |
8 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other non-current assets |
14,342 |
263 |
14,605 |
|
21 |
387 |
408 |
|
(14,197) |
-97 % |
|
Investment in shares |
2,024 |
12 |
2,037 |
|
2,081 |
17 |
2,098 |
|
61 |
3 % |
|
Property, furniture, equipment and |
|
|
|
|
|
|
|
|
|
|
|
investment in stores, net |
8,583 |
10,394 |
18,976 |
|
7,436 |
9,480 |
16,916 |
|
(2,060) |
-11 % |
|
Intangible assets |
703 |
8,473 |
9,176 |
|
598 |
9,051 |
9,648 |
|
472 |
5 % |
|
Right of use asset |
12,147 |
2,163 |
14,310 |
|
13,403 |
2,203 |
15,606 |
|
1,296 |
9 % |
|
Other assets |
6,615 |
11,461 |
18,075 |
|
12,373 |
13,837 |
26,211 |
|
8,135 |
45 % |
|
TOTAL ASSETS |
131,151 |
341,561 |
472,712 |
|
106,446 |
399,524 |
505,969 |
|
33,258 |
7 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand and term deposits |
- |
227,495 |
227,495 |
|
- |
248,125 |
248,125 |
|
20,630 |
9 % |
|
Creditors from repurchase agreements |
- |
33,974 |
33,974 |
|
- |
60,819 |
60,819 |
|
26,845 |
79 % |
|
Short-term debt |
9,061 |
343 |
9,404 |
|
8,756 |
37 |
8,792 |
|
(612) |
-7 % |
|
Leasing |
2,134 |
830 |
2,964 |
|
2,811 |
802 |
3,614 |
|
649 |
22 % |
|
Short-term liabilities with cost |
11,195 |
262,643 |
273,838 |
|
11,567 |
309,783 |
321,350 |
|
47,512 |
17 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and other short-term liabilities |
33,095 |
26,235 |
59,330 |
|
26,771 |
25,937 |
52,707 |
|
(6,622) |
-11 % |
|
Short-term liabilities without cost |
33,095 |
26,235 |
59,330 |
|
26,771 |
25,937 |
52,707 |
|
(6,622) |
-11 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total short-term liabilities |
44,289 |
288,878 |
333,167 |
|
38,337 |
335,719 |
374,057 |
|
40,889 |
12 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
26,230 |
0 |
26,230 |
|
26,927 |
- |
26,927 |
|
697 |
3 % |
|
Leasing |
11,357 |
1,381 |
12,739 |
|
12,445 |
1,501 |
13,946 |
|
1,207 |
9 % |
|
Long-term liabilities with cost |
37,587 |
1,381 |
38,969 |
|
39,372 |
1,501 |
40,873 |
|
1,904 |
5 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities without cost |
5,509 |
2,124 |
7,633 |
|
7,813 |
2,432 |
10,244 |
|
2,611 |
34 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term liabilities |
43,096 |
3,506 |
46,602 |
|
47,185 |
3,933 |
51,117 |
|
4,515 |
10 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
87,386 |
292,384 |
379,769 |
|
85,522 |
339,652 |
425,174 |
|
45,405 |
12 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL STOCKHOLDERS' EQUITY |
43,766 |
49,177 |
92,943 |
|
20,923 |
59,872 |
80,796 |
|
(12,147) |
-13 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES + EQUITY |
131,151 |
341,561 |
472,712 |
|
106,446 |
399,524 |
505,969 |
|
33,258 |
7 % |
SOURCE Grupo Elektra, S.A.B. de C.V.
Share this article