Overview
- Consolidated revenue increased 5.5% in 2025 (4.6% constant currency) while net income fell 7.3% to 49,891 million pesos, with a roughly stable 10.2% EBITDA margin pressured by a higher effective tax rate and inflation‑related closing adjustments.
- In Mexico, revenue grew 4.9% as same‑store sales rose 3.3%; shopper transactions declined 0.5% but the average ticket increased 3.9%, signaling fewer visits with larger baskets.
- Fourth‑quarter results showed consolidated sales up 3.0%, EBITDA up 8.1% with a 10.5% margin, and net income down 3.9%, reflecting softer late‑year demand and tax effects.
- Physical expansion remained active with 186 new stores adding about 212,000 square meters and contributing 1.7 percentage points to annual growth, while e‑commerce GMV rose 17.1%, On‑Demand grew 22.1%, and online accounted for 8.3% of annual GMV with faster same‑day delivery via crowdshipping.
- New revenue streams gained scale as Bait reached roughly 26.4 million active users and about 11.5 billion pesos in annual revenue, Walmart Connect in Mexico generated around 4.4 billion pesos (+17%), and Central America trailed Mexico with Costa Rica cited as a key drag.