Betterware de México, S.A.P.I. de C.V. (BWMX)

BWMX Income Statement

Financials in millions MXN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Jan 3, 2021
Revenue	14,171	14,101	13,010	11,508	10,068	7,238
Revenue Growth (YoY)	4.83%	8.39%	13.05%	14.30%	39.10%	134.63%
Cost of Revenue	4,692	4,520	4,261	3,984	4,498	3,280
Gross Profit	9,478	9,581	8,749	7,524	5,570	3,957
Selling, General & Admin	7,300	7,198	6,410	5,474	2,968	1,894
Operating Expenses	7,300	7,198	6,410	5,474	2,968	1,894
Operating Income	2,178	2,383	2,339	2,050	2,602	2,063
Interest Expense	-605.21	-639.71	-827.81	-543.32	-75.82	-80.25
Interest & Investment Income	35.99	22.82	45.06	28.69	25.87	10.93
Currency Exchange Gain (Loss)	88.08	-45.31	-106.85	-83.37	-319.74	-30.4
Other Non Operating Income (Expenses)	-22.59	156.77	-32.59	-43.52	330.32	-1,140
EBT Excluding Unusual Items	1,674	1,877	1,417	1,409	2,562	824.11
Gain (Loss) on Sale of Assets	-529.72	-529.72	-	-21.86	-	-
Asset Writedown	-166.58	-166.58	-	-	-	-
Pretax Income	977.89	1,181	1,417	1,387	2,562	824.11
Income Tax Expense	387.98	469.26	380.02	516.92	814.56	525.66
Earnings From Continuing Operations	589.91	711.52	1,037	869.96	1,748	298.44
Minority Interest in Earnings	1.53	0.21	2.72	2.59	3.71	-
Net Income	591.44	711.73	1,039	872.56	1,752	298.44
Net Income to Common	591.44	711.73	1,039	872.56	1,752	298.44
Net Income Growth	-50.38%	-31.52%	19.11%	-50.19%	486.93%	-36.79%
Shares Outstanding (Basic)	37	37	37	37	37	34
Shares Outstanding (Diluted)	37	37	37	37	37	34
Shares Change (YoY)	-0.15%	-0.06%	-0.03%	-0.16%	8.59%	13.85%
EPS (Basic)	15.88	19.11	27.90	23.42	47.38	8.76
EPS (Diluted)	15.88	19.11	27.89	23.41	46.91	8.68
EPS Growth	-50.30%	-31.48%	19.14%	-50.10%	440.44%	-44.47%
Free Cash Flow	1,336	1,616	2,236	1,234	1,064	1,205
Free Cash Flow Per Share	35.89	43.38	59.99	33.10	28.49	35.03
Dividend Per Share	12.770	26.800	21.440	18.750	37.710	30.850
Dividend Growth	-52.36%	25.00%	14.35%	-50.28%	22.24%	-
Gross Margin	66.89%	67.94%	67.25%	65.38%	55.32%	54.68%
Operating Margin	15.37%	16.90%	17.98%	17.82%	25.84%	28.51%
Profit Margin	4.17%	5.05%	7.99%	7.58%	17.40%	4.12%
Free Cash Flow Margin	9.43%	11.46%	17.18%	10.72%	10.57%	16.64%
EBITDA	2,418	2,615	2,560	2,239	2,669	2,088
EBITDA Margin	17.06%	18.55%	19.68%	19.46%	26.51%	28.84%
D&A For EBITDA	239.82	232.68	220.83	188.85	67.2	24.28
EBIT	2,178	2,383	2,339	2,050	2,602	2,063
EBIT Margin	15.37%	16.90%	17.98%	17.82%	25.84%	28.51%
Effective Tax Rate	39.67%	39.74%	26.83%	37.27%	31.79%	63.79%
Advertising Expenses	-	2,600	2,344	1,744	503.29	172.18

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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