Rotoplas: First Quarter 2025 Results

MEXICO CITY, April 23, 2025/ PRNewswire/– Grupo Rotoplas S.A.B. de C.V. AGUA (” Rotoplas”, “the Business”), the leading service provider of water options in the Americas, today reports its unaudited monetary outcomes for the very first quarter of 2025. The details has actually been prepared in accordance with International Financial Reporting Standards (IFRS).

Figures are revealed in countless Mexican pesos.

Secret Emphasizes Q1′ 25

• Net sales of $ 2.6 billion for Q1′ 25, a 1.2% decline compared to the previous year.
• EBITDA of $ 301 million, with an 11.4% margin.
• Earnings was $ 24 million, with a 0.9% margin.
• Service sales increased by 14.7%, mostly driven by bebbia
• bebbia surpassed 143,000 active customers at the end of the quarter.

Message from the CEO

” We started the year with a little lower sales compared to the exact same duration in 2015, due to a high relative base, especially in Mexico, where the dry spell started in early 2024. Throughout the quarter, all nations published development other than for Mexico, with strong efficiencies in the United States and in bebbia within the services sector. E-commerce in Mexico continues to get traction, supported by strong consumer approval, while we likewise reinforced our portfolio with IoT-based options for real-time water level tracking and the launch of the brand-new vertical water tank. Year-over-year contrast versus Q1 ’24 is challenging due to the remarkably high EBITDA margin taped because duration. Nonetheless, we provided consecutive enhancement versus the previous 2 quarters, reversing the pattern through disciplined expense control and a concentrate on money generation– permitting us to enhance our net financial obligation position compared to December 2024”

— Carlos Rojas Aboumrad

Monetary Outcomes Q1 ’25 vs Q1′ 24

( Figures in countless Mexican pesos)

Q1 ’25 vs Q1 ’24 Outcomes

• Net Sales reached $ 2,636 million, representing a 1.2% decline, driven by a 2.6% decrease in the item sector, which was affected by a high relative base in Mexico due to the dry spell in the main area of the nation. On the other hand, the services sector grew 14.7%, driven by the strong efficiency of bebbia, which continues to accelerate its development rate.
  
  
• Gross Revenue was $ 1,117 million, a 17.4% decline. Gross margin closed at 42.4%, contracting by 830 bps due to greater expense of sales related to the devaluation of the Mexican peso and lower absorption of repaired expenses in Mexico and Argentina
  
  
• Operating Earnings reached $ 139 million, a 67.0% decline compared to Q1′ 24. This decrease was driven by greater expense of sales and a boost in operating costs. Expense control efforts added to an enhancement in costs as a portion of sales compared to the previous 2 quarters.
  
  
• EBITDA closed at $ 301 million, a reduction of 45.9%. The EBITDA margin stood at 11.4%. Omitting severance payments associated with the migration from the Anáhuac plant to Ixtapaluca, the margin would have been 13.2%. In spite of the year-over-year decrease, consecutive enhancement in EBITDA is observed over the last 2 quarters.
  
  
• Earnings was $ 24 million, a 92.3% decline. This decrease was generally due to the drop in running earnings, together with a boost in monetary costs.
  
  
• Net Financial Financial Obligation[2] / EBITDA take advantage of closed at 3.1 x. Brief- and long-lasting monetary debt increased by 12.4%, and net financial obligation increased by 8.9% year-over-year. Nevertheless, disciplined management of money, CapEx, and financial obligation throughout the quarter assisted enhance the monetary position, with a 2.1% consecutive decrease in net financial obligation.
  
  
• CapEx for the duration totaled up to $ 97 million, mostly concentrated on the development of services such as bebbia and RSA in Mexico

Sales and EBITDA by Location and Service Q1 ’25 vs Q1′ 24

( Figures in countless Mexican pesos)

Sales and EBITDA Breakdown by Location

Mexico

• Sales reduced by 9.7%, due to an incredibly strong very first quarter in 2024 driven by dry spell conditions. In 2025, lower activity in the building sector and a tough financial environment have actually likewise been observed.
• The across the country rollout of Tinaco Plus+ was finished, together with the launch of the vertical water tank and the level sensing unit, which allows real-time water level tracking in tanks or tanks from a mobile phone.
• The service platform continues to provide double-digit development, generally driven by bebbia and the treatment plants run under the RSA brand name.
• EBITDA was affected by lower sales volumes in the item sector, along with by the greater relative weight of the services organization within the income mix.

Argentina

• Sales increased by 2.0%, showing a minor healing compared to the previous quarter. Nevertheless, the negative macroeconomic environment– high inflation, competitive pressure, and low customer self-confidence– continued to restrict organization efficiency.
• Sales volumes in the water circulation classification have actually begun to reveal better momentum. Storage has actually supported, stopping the down pattern, while heating systems stay the most afflicted classification, although their efficiency likewise shows seasonality, as it is the warm season.
• EBITDA was affected by dollarized expenses and low absorption of repaired expenses.

United States

• Sales grew by 24.9%, driven by enhanced industrial and marketing execution, regardless of weaker activity in domestic building and a soft farming environment. The fortifying of the U.S. dollar versus the Mexican peso likewise contributed favorably to development.
• EBITDA was unfavorable however revealed an enhancement compared to Q1′ 24, marking development towards success.

Other Nations

( Peru, Central America and Brazil)

• Sales increased 23.1%, driven by strong development in all nations:
  
  In Peru, the effective advancement of the water circulation and enhancement classifications continued.
  
  Central America taped development throughout all nations ( Guatemala, Honduras, Nicaragua, Costa Rica, and El Salvador), with strong need in all 3 classifications.
  
  In Brazil, development was made in the advancement of brand-new water treatment plant jobs, with a favorable development outlook.
• EBITDA revealed an enhancement, showing both greater sales volumes and rigorous expense control.

Products

• Sales contracted due to a high relative base arising from the dry spell in Mexico throughout 2024, along with lower need driven by customer care amidst macroeconomic unpredictability in the nation.
  
  
• EBITDA decreased due to reduce sales volumes in Mexico and the effect of dollarized expenses and costs in Argentina

Solutions

• Sales increased, driven by the development of bebbia and treatment plants in Mexico and to a lower degree by the efficiency of water treatment and recycling plants in Brazil
  
  
• Although still unfavorable, EBITDA continues to enhance substantially thanks to bebbia’s increased scale and RSA’s continual development.

Other Indicators Q1 ’25 vs Q1′ 24

( Figures in countless Mexican pesos)

CapEx

• Capital expense represented 3.7% of quarterly sales.
  
  
• In line with monetary concerns concentrated on reinforcing capital, 86% of CapEx was assigned to services in Mexico and Brazil, under a plan in which financial investment is made just when a filtration consumer or a treatment plant agreement is protected.

Detailed Funding Outcome

• The extensive funding outcome taped a cost of $ 116 million, compared to $ 64 million in Q1′ 24. The 2025 expenditure consists of $ 151 million for interest on financial obligation, commissions, and leases, and a $ 35 million take advantage of currency exchange rate impacts and inflation in Argentina

Derivative Financial Instruments

• Since March 31 ^st, 2025, the marketplace worth of Grupo Rotoplas’ position was:

Sustainability Method Turning Points

• Rotoplas Mexico got the Socially Accountable Business difference for the fifteenth successive year
  
• The recruitment procedure was upgraded by integrating expert system tools to improve the destination and retention of females in the labor force.

Expert Protection

Financier Teleconference Invite

Thursday, April 24, 2025, at 10:00 am Mexico City time ( 12:00 pm EST)
Speakers: Carlos Rojas (CEO), Andrés Pliego (CFO)
Link: https://rotoplas.zoom.us/webinar/register/WN_PhnaNC_-QwmL4-Tg-h5Iqw#/registration 

Monetary Declarations

Earnings Declaration

( Unaudited figures in countless Mexican pesos)

Balance Sheet

( Unaudited figures in countless Mexican pesos)

Capital

( Unaudited figures in countless Mexican pesos)

Financier Relations Contact

Disclaimer

This file might consist of positive declarations concerning the future efficiency of Grupo Rotoplas S.A.B. de C.V. These declarations are based upon present management expectations and details offered at the time of publication. Real outcomes might vary materially due to different threats, unpredictabilities, and external elements beyond the Business’s control. Grupo Rotoplas presumes no responsibility to upgrade or modify any positive declarations.

About the Business

Grupo Rotoplas S.A.B. de C.V. is America’s leading service provider of water options, consisting of services and products for keeping, piping, enhancing, dealing with, and recycling water. With over 40 years of experience in the market and 18 plants throughout the Americas, Rotoplas exists in 14 nations and has a portfolio that consists of 27 line of product, a services platform, and an e-commerce organization. Grupo Rotoplas has actually been noted on the Mexican Stock Market (BMV) under the ticker “AGUA” considering that December 10 ^th, 2014.

Pedregal 24, 19th Flooring, Molino del Rey
Miguel Hidalgo
Postal Code 11040, Mexico City
T. +52 (55) 5201 5000
www.rotoplas.com

[1] Changed EBITDA consists of $ 1 million in contributions.

[2] Omitting leases.

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SOURCE Grupo Rotoplas S.A.B. de C.V.