Consorcio Ara SAB de CV (ARA) Q4 2025 earnings summary

Executive summary

• Achieved the strongest results in five years for both Q4 and full-year 2025, with robust revenue and net income growth driven by strong performance in middle-income, residential housing, and shopping center segments.

• Revenues, EBITDA, and net income all posted double-digit growth year-over-year, with significant improvements in working capital and free cash flow.

Financial highlights

• Q4 2025 total revenues reached MXN 2.33 billion, up 30.5% year-over-year; housing revenues rose 31.4% to MXN 2.23 billion, with 1,782 homes sold, a 25.8% increase.

• Q4 operating income was MXN 220 million (+23.1%), EBITDA MXN 377.2 million (+25.8%), and net income MXN 354.9 million (+93.3%), boosted by deferred income tax credits.

• Full-year 2025 revenues were MXN 8.25 billion (+16%), housing revenues MXN 7.86 billion (+15.4%), and free cash flow MXN 400.9 million (+35%).

• Full-year net income was MXN 906.2 million (+31.9%), operating income MXN 996 million (+7.2%), and EBITDA MXN 1.16 billion (+11%).

• EPS for 2025 was MXN 0.744, a 32.5% increase year-over-year.

Outlook and guidance

• Positive expectations for 2026, aiming to replicate 2025 revenue growth, supported by strong mortgage lending and stable macroeconomic conditions.

• Sales mix in 2026 expected: affordable entry-level 30%, middle-income 40-42%, residential 27%.