Overview
- Consolidated revenue rose 4.4% to MXN 48,062 million, but net income fell 10.5% to MXN 3,953 million and EBITDA declined 14.8% to MXN 6,386 million with a 13.3% margin.
- Financial-services revenue grew 15.7% as the credit portfolio expanded 13.3% to 8.2 million cardholders; the non‑performing loan ratio reached 4.4% with provisions at MXN 1,359 million and coverage at 10.7%.
- Inventories increased 15.8% ahead of the year‑end season, and Liverpool booked MXN 299 million in one‑time costs tied to the Arco Norte logistics migration, while Nordstrom contributed MXN 1,141 million in associates income.
- Liverpool reported steady omnichannel momentum with digital GMV up 21.9%, marketplace growth of 27.6%, Click & Collect at 39.6% of orders, and new store formats including seven Liverpool Express, seven Livestore boutiques, the first standalone Disney Stores in Mexico, and four Fabletics locations.
- Executives said proposed Mexican tariffs on imports from China and other Asian countries would be difficult to absorb, flagged Suburbia’s low‑priced footwear as most exposed due to reference pricing rules, and noted active discussions with suppliers while monitoring congressional debate.