FibraHotel (FIHO 12) Q2 2025 earnings summary

Executive summary

• Ended Q2 2025 with 85 hotels, 12,360 rooms, and a diversified portfolio across 26 states and 51 operators; total revenues reached Ps. $1,370 million, up 0.5% year-over-year.

• Portfolio ADR was Ps. $1,637, occupancy 60.7%, and RevPAR Ps. $994, a 3.1% increase versus Q2 2024.

• EBITDA for the quarter was Ps. $319 million with a 23.3% margin; net income was Ps. $137 million, up 34.3% year-over-year.

• Distribution of Ps. $118 million (Ps. $0.15 per CBFI) approved for Q2 2025.

• Focus on attractive risk-adjusted returns, sustainability, and operational efficiency.

Financial highlights

• Lodging contribution was Ps. $435 million, margin 31.8%.

• Funds from operations (FFO) were Ps. $231 million; AFFO was Ps. $153 million.

• Net debt at quarter-end was Ps. $3,689 million; total debt Ps. $4,202 million; cash position was Ps. $514 million as of June 30, 2025.

• LTV ratio at 23.8%; debt service coverage ratio at 2.47x.

• LTM EBITDA of Ps. $1,370 million with a 25.0% margin.

Outlook and guidance

• Expected distributions of Ps. $0.60 per CBFI in 2025; Q2 2025 distribution of Ps. $0.15 per CBFI to be paid August 4, 2025.

• Market conditions remain challenging, especially in Cancun and energy-exposed segments, impacting occupancy and margins.

• Official SBTi validation for Scope 1, 2, and 3 emissions targets, aiming for 42% reduction by 2030.

• Management remains focused on maximizing AFFO per CBFI and prudent capital allocation.