BLX FY 2024 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

FY 2024 Earnings

Reported April 15, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$811M	—	$683M	—	18.6%
Op. Income	$206M	—	$166M	—	23.9%
Gross Margin	35.1%	—	30.7%	—	4.4pp
Net Margin	25.4%	—	24.3%	—	1.1pp
EPS (Diluted)	$5.60	—	$4.55	—	23.1%
Free Cash Flow	-$1.1B	—	$1.1B	—	-206.5%

Revenue Flow

Item	Amount
REVENUE	$811M
Cost of Revenue	$526M
GROSS PROFIT	$285M
R&D Expenses	$0
Selling & Marketing	$987.0K
General & Administrative	$67M
SG&A Expenses	$68M
Other Expenses	$11M
Operating Expenses	$79M
Cost & Expenses	$605M
OPERATING INCOME	$206M
Interest Income	$785M
Interest Expense	$526M
Other Income/Expenses	$0
INCOME BEFORE TAX	$206M
Income Tax Expense	$0
Net Income from Continuing Ops	$206M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$206M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$206M
D&A	$4M
EBIT	$206M
EBITDA	$209M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$811M
Cost of Revenue	$526M
GROSS PROFIT	$285M
R&D Expenses	$0
Selling & Marketing	$987.0K
General & Administrative	$67M
SG&A Expenses	$68M
Other Expenses	$11M
Operating Expenses	$79M
Cost & Expenses	$605M
OPERATING INCOME	$206M
Interest Income	$785M
Interest Expense	$526M
Other Income/Expenses	$0
INCOME BEFORE TAX	$206M
Income Tax Expense	$0
Net Income from Continuing Ops	$206M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$206M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$206M
D&A	$4M
EBIT	$206M
EBITDA	$209M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$206M
Depreciation & Amortization	$4M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$34M
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	-$1.1B
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$475M
Sales/Maturities of Investments	$299M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$180M
Net Debt Issuance	$306M
Common Stock Repurchased	$0
Common Dividends Paid	-$73M
Other Financing Activities	$907M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	-$1.1B
Net Change in Cash	-$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$99M
Net Receivables	$122M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$20M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$8.4B
TOTAL NON-CURRENT ASSETS	$9.7B
TOTAL ASSETS	$11.9B
Account Payables	$93M
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$7.4B
Long-Term Debt	$2.7B
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$392M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$10.5B
Common Stock	$280M
Additional Paid-In Capital	$125M
Retained Earnings	$792M
Treasury Stock	-$106M
Accum. Other Comp. Income	$246M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$11.9B
Total Debt	$4.6B
Net Debt	$2.6B