Kimberly-Clark de México (KCDMF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone, joining today's Kimberly Clark de Mexico fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. To register to ask a question at any time, please press star and one on your telephone keypad. Please note this call is being recorded We are standing by if you should need any assistance. It is now my pleasure to turn the meeting over to CEO, Pablo Gonzalez. Please go ahead. Thanks so much. Hello, everyone. Thanks for participating on the call. We wish you and your families a terrific 2026. We'll go straight to results and then make some brief comments about the quarter and our expectations going forward. So I'll pass it on to Javier. Thank you, Pablo. Good morning, everyone. Our sales reached 14.1 billion pesos in the fourth quarter, an increase of 2.1% versus the same period of 2024. Total volume was flat and price mix improved 2%. Growth was driven by consumer products, which expanded 5.5%, supported by healthy year-over-year growth of 1.4% and price mix of 4.1%. Export hardware sales continued to decline as we converted more tissue toward higher value domestic products. Sequentially, results continued to improve from Q3 to Q4 as sales increased 4.8%, with consumer products up 8.5%, primarily volume-led, reflecting strong commercial execution, the planned innovations to products, and improved market dynamics. Cost of goods sold was flat, and as a percentage of sales improved by 130 basis points. Compared to last year, virgin fibers, recycled fibers, sand, and resins were favorable, partly offset by higher fluff costs. The peso remained supportive with an average appreciation of roughly 8%. Our cost re...