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
jrangelk@gruposalinas.com rvillarreal@elektra.com.m
.mx x
Press Relations:
Luciano Pascoe
Tel. +52 (55) 1720 1313
ext. 36553
lpascoe@gruposalinas.com
.mx
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
CONSOLIDATED BALANCE SHEET
MILLIONS OF MEXICAN PESOS
Commercial Financial Grupo Commercial Financial Grupo
Business Business Elektra Business Business Elektra 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 %
========== ========= ======= ========== ========= ======= ======== =====
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SOURCE Grupo Elektra, S.A.B. de C.V.
(END) Dow Jones Newswires
October 28, 2025 20:18 ET (00:18 GMT)