BWMX FY 2025 Earnings Report — Betterware de México, S.A.P.I. de C.V. Revenue & Financial Results | Market Cap Arena

Betterware de México, S.A.P.I. de C.V.BWMX

FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$769M	—	$811M	—	-5.1%
Op. Income	$123M	—	$97M	—	26.4%
Gross Margin	66.6%	—	67.9%	—	-1.3pp
Net Margin	7.3%	—	5.0%	—	2.3pp
EPS (Diluted)	$1.51	—	$1.10	—	37.9%
Free Cash Flow	$94M	—	$92M	—	2.3%

Revenue Flow

Item	Amount
REVENUE	$769M
Cost of Revenue	$257M
GROSS PROFIT	$513M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$390M
Cost & Expenses	$647M
OPERATING INCOME	$123M
Interest Income	$2M
Interest Expense	$29M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$94M
Income Tax Expense	$37M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$21M
EBIT	$123M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$769M
Cost of Revenue	$257M
GROSS PROFIT	$513M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$390M
Cost & Expenses	$647M
OPERATING INCOME	$123M
Interest Income	$2M
Interest Expense	$29M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$94M
Income Tax Expense	$37M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$21M
EBIT	$123M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$21M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$44M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$100M
Capital Expenditure	-$6M
Acquisitions (Net)	$354.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$6M
Net Debt Issuance	-$39M
Common Stock Repurchased	$0
Common Dividends Paid	-$46M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$94M
FREE CASH FLOW	$94M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$0
Net Receivables	$78M
Inventory	$118M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$228M
PP&E (Net)	$118M
Goodwill	$92M
Intangible Assets	$87M
Long-Term Investments	$1M
Tax Assets	$26M
Other Non-Current Assets	$830.2K
TOTAL NON-CURRENT ASSETS	$325M
TOTAL ASSETS	$553M
Account Payables	$104M
Short-Term Debt	$63M
Deferred Revenue	$0
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$248M
Long-Term Debt	$178M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$228M
TOTAL LIABILITIES	$476M
Common Stock	$19M
Additional Paid-In Capital	-$1M
Retained Earnings	$62M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	-$1
TOTAL STOCKHOLDERS' EQUITY	$77M
Minority Interest	-$104.8K
TOTAL EQUITY	$77M
TOTAL LIABILITIES & EQUITY	$553M
Total Debt	$254M
Net Debt	$236M