Kimberly-Clark de México (KIMBERA) Q4 2025 earnings summary

Executive summary

• Fourth quarter sales reached MXN 14.1 billion, up 2.1% year-over-year, with consumer products growth of 5.5% and record full-year sales of MXN 55.4 billion, up 1.1%.

• Net income for the quarter was MXN 2.2 billion, with EPS of MXN 0.73, a 23% year-over-year increase; full-year net income was MXN 7.6 billion.

• Gross profit increased 5.4% in Q4 with a 40.4% margin, supported by cost reduction initiatives and favorable input costs.

• Sequential improvement in results driven by strong brand performance and productivity initiatives.

• Strong balance sheet with total cash of MXN 9.7 billion and net debt to EBITDA at 1.0x.

Financial highlights

• Fourth-quarter EBITDA reached MXN 3.7 billion (26.4% margin), up 6% year-over-year; full-year EBITDA was MXN 14.1 billion (25.5% margin).

• Operating profit for Q4 grew 9.2% year-over-year, with operating margin at 22.9%.

• Cost of goods sold was flat, improving as a percentage of sales by 130 basis points.

• SG&A expenses rose 0.8% year-over-year but decreased as a percentage of sales by 22 basis points.

• All debt denominated in Mexican pesos.

Outlook and guidance

• Entering 2026 with better momentum, supported by cost tailwinds from lower raw material prices and a strong peso.

• Plans to strengthen core businesses, accelerate growth in diamond categories, expand into pet food, and participate more in private label.

• Cost reduction program expected to deliver over MXN 1 billion in savings in 2026.

• Dividend increase in the high single digits and a significant share repurchase program proposed for 2026.

• Management expects ongoing benefits from productivity initiatives.