BLX Q3 2025 Earnings Report — Banco Latinoamericano de Comercio Exterior, S. A. Revenue & Financial Results | Market Cap Arena

Banco Latinoamericano de Comercio Exterior, S. A.BLX

Q3 2025 Earnings

Reported October 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2025	Q2 2025	Q3 2024	QoQ Change	YoY Change
Revenue	$209M	$217M	$210M	-3.6%	-0.3%
Op. Income	$55M	$64M	$53M	-14.4%	3.7%
Gross Margin	36.5%	39.2%	35.3%	-2.7pp	1.2pp
Net Margin	26.3%	29.6%	25.3%	-3.3pp	1.0pp
EPS (Diluted)	$1.48	$1.73	$1.44	-14.5%	2.8%
Free Cash Flow	$69M	$874M	-$624M	-92.1%	111.1%

Revenue Flow

Item	Amount
REVENUE	$209M
Cost of Revenue	$133M
GROSS PROFIT	$76M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$8M
Operating Expenses	$21M
Cost & Expenses	$154M
OPERATING INCOME	$55M
Interest Income	$194M
Interest Expense	$126M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$0
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$1M
EBIT	$55M
EBITDA	$56M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$209M
Cost of Revenue	$133M
GROSS PROFIT	$76M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$8M
Operating Expenses	$21M
Cost & Expenses	$154M
OPERATING INCOME	$55M
Interest Income	$194M
Interest Expense	$126M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$0
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$1M
EBIT	$55M
EBITDA	$56M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$1M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$20M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$68M
Capital Expenditure	$980.0K
Acquisitions (Net)	$0
Purchases of Investments	-$136M
Sales/Maturities of Investments	$91M
Other Investing Activities	-$149M
NET CASH FROM INVESTING	-$194M
Net Debt Issuance	-$407M
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	$332M
NET CASH FROM FINANCING	$100M
FREE CASH FLOW	$69M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$92M
Net Receivables	$108M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$12M
Long-Term Investments	$10.0B
Tax Assets	$0
Other Non-Current Assets	$272M
TOTAL NON-CURRENT ASSETS	$10.3B
TOTAL ASSETS	$12.5B
Account Payables	$91M
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$6.9B
TOTAL CURRENT LIABILITIES	$8.1B
Long-Term Debt	$2.3B
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$332M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$10.9B
Common Stock	$280M
Additional Paid-In Capital	$123M
Retained Earnings	$891M
Treasury Stock	-$98M
Accum. Other Comp. Income	$450M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$2.3B
Net Debt	$2.3B