Overview
- Net sales rose 2% year over year to $1,589.8 million, while EBITDA fell 5% to $277.7 million and majority net income declined 18% to $126.6 million.
- Gruma cited soft U.S. consumer demand and effects linked to U.S. migration policies as key headwinds, with total quarterly volume steady at 1,096 thousand metric tons.
- Operations outside Mexico drove results, with Europe up 14% in net sales, Asia & Oceania up 8% in sales and 28% in EBITDA, and Central America up 26% in EBITDA.
- Net debt increased 2% to $1,843 million, implying roughly 1.3x net debt to EBITDA, and the company invested $74 million in Q4 and $225 million for 2025.
- Shares fell 6.95% intraday and closed down 7.19% on the BMV, as the company also said measures tied to a competition agreement could prompt an extraordinary charge in Q1 or Q2 without altering its 2026 EBITDA outlook.