Sigma Foods, S.a.b. De C.v. · BMV:SIGMAF/A
Sigma Foods, S.a.b. De C.v — Q4 2024 Earnings Presentation
59 slides from Sigma Foods, S.a.b. De C.v's earnings presentation, Feb 19, 2025
Slide 1: Earnings Report Fourth Quarter 2024
EARNINGS REPORT Fourth Quarter 2024 (4Q24) Monterrey, N.L., Mexico, February 18, 2025. ALFA, S.A.B. de C.V. (BMV: ALFAA) (“ALFA”), a company that has developed leading businesses with global operations, announced today its unaudited results for the fourth quarter of 2024 ("4Q24"). All figures have b
Slide 2: Important notes on changes to ALFA's Consolidated Financial Statements: Alpek
Earnings Report Fourth Quarter 2024 (4Q24) Important notes on changes to ALFA’s Consolidated Financial Statements Controladora Alpek ALFA’s shareholders approved to spin-off ALFA’s share ownership of Alpek into a new, listed entity called “Controladora Alpek” on October 24, 2024. In accordance with
Slide 3: Controladora Axtel
Earnings Report Fourth Quarter 2024 (4Q24) Controladora Axtel ALFA’s shareholders approved to spin-off ALFA’s share ownership of Axtel into a new, listed entity called “Controladora Axtel” on July 12, 2022. The shares of “Controladora Axtel” were distributed to ALFA shareholders and began trading on
Slide 4: 4Q24 / 2024 Highlights
Earnings Report Fourth Quarter 2024 (4Q24) Alfa|SIGMA reports Comparable EBITDA of US $1 billion in 2024, with Alpek as Discontinued Operations 4Q24 / 2024 HIGHLIGHTS Finalizing ALFA’s transformation into a single, wholly-owned food business unit, in which ALFA is Sigma Focus on distributing Con
Slide 5: Selected Financial Information
Earnings Report Fourth Quarter 2024 (4Q24) SELECTED FINANCIAL INFORMATION (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch. % Alfa|SIGMA with Alpek as Discontinued Operations Revenues 2,197 2,253 2,195 (2) - 8,930 8,635 3 SIGMA 2,166 2,222 2,161 (3) - 8,804 8,505 4 EBITDA1 177 275 2
Slide 6: Contents
Earnings Report Fourth Quarter 2024 (4Q24) Contents Message from ALFA’s Chairman & CEO Consolidated Financial Results Alfa|SIGMA (BMV: ALFAA) Results by Business Sigma – Food Products Alpek (BMV: ALPEKA) – Petrochemicals Axtel (BMV: AXTELCPO) – IT & Telecom Tables Financial Statements Appendix – Alp
Slide 7: Message from ALFA's Chairman & CEO
Earnings Report Fourth Quarter 2024 (4Q24) Message from ALFA’s Chairman & CEO “2024 marked ALFA’s 50th anniversary. We are pleased to close this very special year delivering better-than-expected financial results and executing the final spin-off of our transformation process. Over the decades, our p
Slide 8: Message from ALFA's Chairman & CEO (continued)
Earnings Report Fourth Quarter 2024 (4Q24) I want to extend my deepest gratitude to each ALFA team member for your unwavering dedication and hard work. The support we received from our Shareholders, Creditors and Business Partners has also been instrumental in achieving our transformational vision.
Slide 9: Alfa|Sigma Consolidated Financial Results: Income Statement
Earnings Report Fourth Quarter 2024 (4Q24) Alfa|SIGMA (BMV: ALFAA) Consolidated Financial Results INCOME STATEMENT (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch. % Revenues 2,197 2,253 2,195 (2) - 8,930 8,635 3 Gross Profit 633 717 655 (12) (3) 2,812 2,565 10 Operating expenses a
Slide 10: Comparable EBITDA and Operating Income
Earnings Report Fourth Quarter 2024 (4Q24) Adjusting for the effect of extraordinary items in all periods, Comparable EBITDA was US $211 million, US $279 million and US $228 million in 4Q24, 3Q24 and 4Q23, respectively. Comparable 4Q24 EBITDA was 8% lower year-on-year due to a 7% decrease in Sigma.
Slide 11: Change in Net Debt
Earnings Report Fourth Quarter 2024 (4Q24) CHANGE IN NET DEBT (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch. % EBITDA 177 275 222 (36) (20) 976 857 14 Net Working Capital 125 (35) 70 (457) 79 (82) (57) 44 Capital Increase 392 - - - - 392 - - Capital Expenditures & (121) (42) (81)
Slide 12: Dividends
Earnings Report Fourth Quarter 2024 (4Q24) No Dividends were paid in 4Q24. Year-to-date, ALFA shareholders have received dividends totaling US $48 million versus US $96 million in 2023 as the company prioritized completing the transformation process. iralfa@alfa.com.mx 12 www.alfa.com.mx + (52) 81-8
Slide 13: Recent Developments – ALFA
Earnings Report Fourth Quarter 2024 (4Q24) RECENT DEVELOPMENTS – ALFA Finalizing transformation to unlock ALFA’s fair value potential by focusing entirely on wholly-owned food business (Sigma) Progress to date: – Spun-off Nemak (2020) – Spun-off Axtel (2023) Unlocking – Reduced corporate expense
Slide 14: Consent Solicitation, NAFINSA Trust, Share Repurchase
Earnings Report Fourth Quarter 2024 (4Q24) Consent solicitation process completed on October 8, 2024 ALFA received consent from 91.81% of holders of Senior Notes due 2044 Consent ALFA provided corporate guarantees from Sigma and various of its Solicitation subsidiaries for 6.875% Senior Notes
Slide 15: Sigma – Food Products 4Q24 / 2024 Highlights
Earnings Report Fourth Quarter 2024 (4Q24) Results by Business Sigma – FOOD PRODUCTS 4Q24 / 2024 HIGHLIGHTS Fourth consecutive year of Revenue growth, driven by the third consecutive year of Volume expansion Record 2024 EBITDA of US $1 billion, achieving the highest EBITDA margin in 9 years 16
Slide 16: Sigma Selected Financial Information
Earnings Report Fourth Quarter 2024 (4Q24) SELECTED FINANCIAL INFORMATION (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch. % Volume (ktons) 454 465 443 (2) 2 1,829 1,773 3 Mexico 247 250 240 (1) 3 989 943 5 Europe 95 96 95 (1) 0 375 384 (2) United States 82 92 81 (11) 2 356 342 4 L
Slide 17: Message from Sigma's President
Earnings Report Fourth Quarter 2024 (4Q24) Message from Sigma’s President “As we closed 2024, I am delighted to share with you that this was Sigma’s fourth consecutive year of Sales growth supported by all-time high Volume. In addition, full-year EBITDA of US $1.046 billion surpassed our upwardly re
Slide 18: Sigma Income Statement
Earnings Report Fourth Quarter 2024 (4Q24) INCOME STATEMENT (US $ MILLION) (%) 4Q24 vs 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch. % Total Revenues 2,166 2,222 2,161 (3) 0 8,804 8,505 4 Gross Profit 628 706 643 (11) (2) 2,773 2,521 10 Operating expenses and (483) (485) (473) (1) 2 (1,986) (1,971) 1 other
Slide 19: Sigma Operating Income and Financing Expense
Earnings Report Fourth Quarter 2024 (4Q24) Operating Income was US $145 million in 4Q24, down 15% when compared to US $170 million during the same period last year due to the EBITDA decrease explained above and an asset impairment charge of US $18 million (EUR 17 million) related to the Torrente pro
Slide 20: Net Working Capital, Capex and Dividends
Earnings Report Fourth Quarter 2024 (4Q24) Net Working Capital (NWC) posted a recovery of US $127 million during 4Q24 mainly driven by operations in the Americas. Net Working Capital required an investment of US $21 million during 2024 amid Volume and Sales growth. Capital Expenditures & Acquisition
Slide 21: Industry Comments – Sigma
Earnings Report Fourth Quarter 2024 (4Q24) INDUSTRY COMMENTS - SIGMA Consumer Confidence and Retail Sales Average consumer confidence in Mexico (as per INEGI 1) was 48 points in 4Q24, up 3% year-on-year. By the end of December 2024, the average inflation rate was 4.5%, a 10-basis point decrease agai
Slide 22: Exchange Rate
Earnings Report Fourth Quarter 2024 (4Q24) Exchange Rate When compared against the U.S. dollar, the average 4Q24 exchange rate for the Mexican peso and the euro depreciated 18% and 2% year-on-year, respectively. Furthermore, Sigma’s Latam currencies (outside Mexico) were mixed versus the U.S. dollar
Slide 23: Results by Region – Sigma
Earnings Report Fourth Quarter 2024 (4Q24) RESULTS BY REGION - SIGMA During 4Q24, Mexico accounted for 47% of total revenues; while Europe represented 27%; the U.S. 18%; and Latam 8%. Mexico In local currency, 4Q24 Revenues increased 13% year-on-year, driven by revenue management and all-time high f
Slide 24: United States and Latam
Earnings Report Fourth Quarter 2024 (4Q24) United States Quarterly Revenues were 3% higher versus 4Q23, resulting primarily from record fourth quarter Volume. 4Q24 EBITDA increased 16% versus 4Q23, reaching an all-time high figure for the fourth quarter. This was driven primarily by strong Volume gr
Slide 25: Recent Developments – Sigma
Earnings Report Fourth Quarter 2024 (4Q24) RECENT DEVELOPMENTS – SIGMA Refinanced peso-denominated debt, equivalent to US ~$175 million, to Liability extend maturity until 2030. Management Sigma’s new debt profile without relevant maturities until 2027 During 4Q24 two additional Sigma brands—S
Slide 26: The Studio, Supplier Award, ESG
Earnings Report Fourth Quarter 2024 (4Q24) Sigma partnered with IDEO, a leading global design and innovation firm founded in Palo Alto, California Bryan Walker, partner at IDEO, appointed as Creative Managing Director The Studio to lead the newly created Sigma design studio (“The Studio”) The
Slide 27: Alpek – Petrochemicals
Earnings Report Fourth Quarter 2024 (4Q24) Alpek (BMV: ALPEKA) – PETROCHEMICALS In accordance with International Financial Reporting Standards (IFRS), ALFA’s Consolidated Results must account for Alpek as Discontinued Operations due to the approved spin-off of this business. This section provides co
Slide 28: Alpek Volume, Revenues and EBITDA
Earnings Report Fourth Quarter 2024 (4Q24) Volume was 1,124 ktons in 4Q24, up 2% versus 4Q23 supported by an improvement in demand. On a sequential basis, Volume decreased 8% due to seasonality. Full-year Volume was 4,745 ktons, a 2% improvement from the previous year, reflecting stable demand. Reve
Slide 29: Axtel – IT & Telecom
Earnings Report Fourth Quarter 2024 (4Q24) Axtel (BMV: AXTELCPO) – IT & TELECOM In accordance with International Financial Reporting Standards (IFRS), ALFA’s Consolidated Results must account for Axtel as Discontinued Operations due to the spin-off of this business. Additional details related to the
Slide 30: 4Q24 Earnings Call Information
Earnings Report Fourth Quarter 2024 (4Q24) 4Q24 EARNINGS CALL INFORMATION Date: Wednesday, February 19, 2025 Time: 1:00 p.m. EST (NY) / 12:00 p.m. CST (CDMX) Registration: https://us02web.zoom.us/webinar/register/WN_-u9GOe1MTy6F44V-E7kVmQ Replay: https://www.alfa.com.mx/en/events/ iralfa@alfa.com.mx
Slide 31: About ALFA and Disclaimer
Earnings Report Fourth Quarter 2024 (4Q24) About ALFA ALFA has simplified its corporate structure to concentrate on Sigma, a leading multinational food company that focuses on the production, marketing, and distribution of quality foods through recognized brands in Mexico, Europe, the United States,
Slide 32: Tables: Volume, Revenues, Operating Income and EBITDA
Earnings Report Fourth Quarter 2024 (4Q24) Tables ALFA Table 1 | VOLUME AND PRICE CHANGES (%) 4Q24 vs. 2024 vs. 3Q24 4Q23 2023 Total Volume (2.3) 2.4 3.1 Domestic Volume (0.8) 2.9 4.9 Foreign Volume (4.1) 1.9 1.1 Avg. Ps. $ Prices 4.2 13.8 35.5 Avg. US $ Prices (0.2) (2.3) 0.3 Table 2 | REVENUES (%)
Slide 33: Extraordinary Items and Comparable EBITDA
Earnings Report Fourth Quarter 2024 (4Q24) Table 4 | EXTRAORDINARY ITEMS (US $ MILLION) Company Extraordinary item 4Q24 3Q24 4Q23 2024 2023 Europe organizational restructure - - - - (12) Sigma Torrente plant (Spain) net effect 8 - - 8 - Energy Write-offs and Non-recurring items (18) - - (18) - Non-r
Slide 34: Net Income and Statement of Financial Position
Earnings Report Fourth Quarter 2024 (4Q24) Table 7 | NET INCOME (US $ MILLION) (%) 4Q24 % 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch.% Consolidated Net Income (Loss) (320) 242 (760) (232) 58 52 (769) (107) Minority Interest (9) 244 (108) (104) (92) 63 (58) (209) Majority Net Income (Loss) (311) (2) (652)
Slide 35: Discontinued Operations – Axtel and Alpek
Earnings Report Fourth Quarter 2024 (4Q24) Table 9 | INCOME STATEMENT DISCONTINUED OPERATIONS – AXTEL (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch.% Total Revenues 0 0 0 - 0 240 (100) Gross Profit 0 0 0 - - 0 121 (100) Operating expenses and 0 0 0 - - 0 (115) 100 others EBITDA 0
Slide 36: Change in Net Debt Discontinued Operations – Alpek
Earnings Report Fourth Quarter 2024 (4Q24) Table 12 | CHANGE IN NET DEBT DISCONTINUED OPERATIONS – ALPEK (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch. % EBITDA 0 202 60 (100) (100) 548 535 2 Net Working Capital 0 (43) 163 100 (100) (168) 596 (128) Capital expenditures 0 (22) (11
Slide 37: Sigma Tables: Volume, Prices, Local Currency
Earnings Report Fourth Quarter 2024 (4Q24) Sigma Table 13 | SIGMA - VOLUME AND PRICE CHANGES (%) 4Q24 vs. 2024 vs. 3Q24 4Q23 2023 Total Volume (2.4) 2.4 3.1 Avg. Ps. $ Prices 6.0 11.7 3.4 Avg. US $ Prices (0.2) (2.2) 0.4 Table 14 | SIGMA – REVENUES AND EBITDA IN LOCAL CURRENCY (%) 4Q24 vs. 4Q24 3Q24
Slide 38: Sigma Financing Expense and Financial Position
Earnings Report Fourth Quarter 2024 (4Q24) Table 16 | SIGMA - COMPREHENSIVE FINANCING INCOME / EXPENSE (US $ MILLION) (%) 4Q24 vs. 4Q24 3Q24 4Q23 3Q24 4Q23 2024 2023 Ch.% Financial Expenses (60) (66) (46) (9) 32 (244) (177) 38 Financial Income 5 8 8 (31) (33) 35 25 38 Net Financial Expenses (55) (58
Slide 39: ALFA Balance Sheet
Earnings Report Fourth Quarter 2024 (4Q24) Financial Statements ALFA, S.A.B. de C.V. and Subsidiaries BALANCE SHEET Information in millions of Nominal Mexican Pesos (%) Dec 24 vs. ASSETS Dec 24 Sep 24 Dec 23 Sep 24 Dec 23 CURRENT ASSETS: Cash and cash equivalents 12,570 14,865 19,745 (15) (36) Trade
Slide 40: ALFA Income Statement
Earnings Report Fourth Quarter 2024 (4Q24) ALFA, S.A.B. de C.V. and Subsidiaries INCOME STATEMENT Information in millions of Nominal Mexican Pesos 4Q24 vs. (%) 4Q24 3Q24 4Q23 3Q24 4Q23 Net sales 44,067 42,574 38,583 4 14 Domestic 20,939 20,283 18,826 3 11 Export 23,128 22,291 19,757 4 17 Cost of sal
Slide 41: Sigma Alimentos Balance Sheet
Earnings Report Fourth Quarter 2024 (4Q24) Sigma Alimentos, S.A. de C.V. and Subsidiaries BALANCE SHEET Information in millions of Nominal Mexican Pesos (%) Dec 24 vs. ASSETS Dec 24 Sep 24 Dec 23 Sep 24 Dec 23 CURRENT ASSETS: Cash and cash equivalents 11,241 11,738 10,563 (4) 6 Restricted cash 18 18
Slide 42: Sigma Alimentos Income Statement
Earnings Report Fourth Quarter 2024 (4Q24) Sigma Alimentos, S.A. de C.V. and Subsidiaries INCOME STATEMENT Information in millions of Nominal Mexican Pesos 4Q24 vs. (%) 4Q24 3Q24 4Q23 3Q24 4Q23 Revenue 43,445 41,991 37,985 3 14 Cost of sales (30,859) (28,663) (26,672) 8 16 Gross profit 12,587 13,328
Slide 43: Appendix – Alpek 4Q24 Results Report
Earnings Report Fourth Quarter 2024 (4Q24) Appendix – Alpek 4Q24 Results Report iralfa@alfa.com.mx 43 www.alfa.com.mx + (52) 81-8748-2521
Slide 44: Fourth Quarter 2024 Results
FOURTH QUARTER 2024 RESULTS February 18, 2025 Webcast Details Investor Relations Contacts Wednesday, February 19th at Bárbara Amaya 9:00 am CT | 10:00 am ET bamaya@alpek.com Zoom Webcast Registration Alejandra Bustamante abustamante@alpek.com ir@alpek.com www.alpek.com
Slide 45: Quarterly & 2024 Highlights, Key Metrics
Monterrey, Mexico – February 18, 2025 – Alpek, S.A.B. de C.V. (BMV: ALPEKA) announces its Fourth Quarter 2024 Results. QUARTERLY & 2024 HIGHLIGHTS (U.S.$ million, unless otherwise noted) • Annual Comparable EBITDA reached $699 million, surpassing both revised and original Guidance by 4% and 17%, res
Slide 46: Message from Our CEO
MESSAGE FROM OUR CEO “Alpek’s performance remained stable throughout the fourth quarter amid expected seasonality effects, leading to full-year Comparable EBITDA of $699 million, surpassing both our original and revised Guidance. In 2024, we capitalized on market opportunities that resulted from hig
Slide 47: 2024 Initiatives and Achievements
2024 Initiatives and Achievements Throughout 2024, Alpek successfully executed initiatives to enhance competitiveness and guarantee operational efficiency, surpassing its initial goals established early in the year. These efforts have strengthened the Company’s balance sheet and successfully positio
Slide 48: Financial Results: EBITDA
FINANCIAL RESULTS EBITDA (U.S.$ million, unless otherwise noted) 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% Reported EBITDA 109 198 53 (45) 106 646 514 26 Inventory Adjustment* 52 18 31 194 66 38 73 (48) Others 7 3 82 181 (91) 14 147 (90) Comparable EBITDA 168 218 167 (23) 1 699 734 (5) *Includes carry
Slide 49: Cash Flow, Net Debt & Leverage
CASH FLOW (U.S.$ million, unless otherwise noted) 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% EBITDA 109 198 53 (45) 106 646 514 26 Net Working Capital & Others (55) (43) 163 (29) (134) (224) 596 (138) Financial Expenses (40) (38) (46) (6) 13 (155) (179) 13 Income Tax (13) (7) (57) (80) 78 (78) (246) 68
Slide 50: Polyester Results
POLYESTER RESULTS (PTA, PET Resin, PET Sheet, & rPET: 73% of Alpek’s Net Sales) U.S.$ million, unless otherwise noted 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% Volume (ktons) 926 995 907 (7) 2 3,911 3,785 3 Revenues 1,243 1,420 1,235 (13) 1 5,483 5,739 (4) Reported EBITDA 59 136 21 (57) 182 426 281 52
Slide 51: Plastics & Chemicals (P&C) Results
PLASTICS & CHEMICALS (P&C) RESULTS (PP, EPS, & Specialty Chemicals: 21% of Alpek’s Net Sales) U.S.$ million, unless otherwise noted 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% Volume (ktons) 198 222 193 (11) 3 834 849 (2) Revenues 374 444 342 (16) 9 1,614 1,556 4 Reported EBITDA 46 61 31 (25) 49 207 228
Slide 52: About Alpek, Note on Forward Looking Statements
ABOUT ALPEK Alpek is a leading petrochemical company operating two business segments: “Polyester” (Purified Terephthalic Acid (PTA), Polyethylene Terephthalate (PET), & recycled PET (rPET)), and “Plastics & Chemicals” (polypropylene, expandable styrenics, and other specialty and industrial chemicals
Slide 53: Appendix A – Additional Financial Information
APPENDIX A – ADDITIONAL FINANCIAL INFORMATION TABLE 1 | PRICE CHANGES (%) QoQ YoY Ch. Polyester Avg. Ps. prices - 12 (5) Avg. U.S. $ prices (6) (1) (8) Plastics & Chemicals Avg. Ps. prices - 21 8 Avg. U.S. $ prices (6) 6 6 Total Avg. Ps. prices 2 14 (3) Avg. U.S. $ prices (4) 1 (5) TABLE 2 | REVENUE
Slide 54: Table 4: Comparable EBITDA
TABLE 4 | COMPARABLE EBITDA 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% Reported EBITDA Ps. million 2,190 3,733 970 (41) 126 11,728 9,260 27 U.S. $ million 109 198 53 (45) 106 646 514 26 Adjustments* Ps. million 1,181 405 1,961 192 (40) 1,128 3,831 (71) U.S. $ million 59 20 114 192 (48) 53 221 (76) Comp
Slide 55: Table 6: Statement of Financial Position & Financial Ratios
TABLE 6 | STATEMENT OF FINANCIAL POSITION & 4Q24 3Q24 4Q23 QoQ% YoY% FINANCIAL RATIOS (U.S.$ million) Assets Cash and cash equivalents 326 418 438 (22) (26) Trade accounts receivable 670 778 740 (14) (9) Inventories 1,394 1,450 1,381 (4) 1 Other current assets 283 312 343 (9) (17) Total current asse
Slide 56: Polyester
POLYESTER TABLE 7 | REVENUES 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% Total Revenues Ps. million 24,918 26,817 21,845 (7) 14 99,937 102,154 (2) U.S. $ million 1,243 1,420 1,235 (13) 1 5,483 5,739 (4) Domestic Revenues Ps. million 5,583 5,913 4,720 (6) 18 21,272 21,208 - U.S. $ million 278 312 268 (11
Slide 57: Plastics & Chemicals
PLASTICS & CHEMICALS TABLE 10 | REVENUES 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% Total Revenues Ps. million 7,488 8,391 6,022 (11) 24 29,501 27,709 6 U.S. $ million 374 444 342 (16) 9 1,614 1,556 4 Domestic Revenues Ps. million 4,174 4,730 3,040 (12) 37 15,913 13,940 14 U.S. $ million 208 250 173 (1
Slide 58: Appendix B – Financial Statements
APPENDIX B – FINANCIAL STATEMENTS ALPEK, S.A.B. DE C.V. and Subsidiaries CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Millions of Mexican pesos) Dec-24 Sep-24 Dec-23 QoQ% YoY% ASSETS CURRENT ASSETS: Cash and cash equivalents 6,216 7,838 7,391 (21) (16) Restricted cash 386 374 8 3 4,504 Trade accoun
Slide 59: Alpek Consolidated Statement of Income
ALPEK, S.A.B. DE C.V. and Subsidiaries CONSOLIDATED STATEMENT OF INCOME 4Q24 3Q24 4Q23 QoQ% YoY% 2024 2023 Ch.% (millions of Mexican pesos) Revenues 34,863 37,156 29,887 (6) 17 137,409 138,159 (1) Domestic 12,181 12,552 9,731 (3) 25 45,031 42,903 5 Export 22,682 24,604 20,156 (8) 13 92,378 95,256 (3