Grupo Carso faces decreased profitability after completing major infrastructure projects and due to dollar weakness
Grupo Carso has reported a significant drop in operating income due to the completion of large infrastructure projects and a weaker dollar.
Grupo Carso, the conglomerate owned by Carlos Slim, announced that by the end of 2025, its operating income reached 17.028 billion pesos, reflecting a 27.6% decline compared to the previous year. This decrease is primarily attributed to the conclusion of multiple infrastructure projects the company previously managed, which have greatly impacted their income stream. The company's financial report, released to the Mexican Stock Exchange, indicated that this downturn was exacerbated by a general weakening of the US dollar against the peso.
For the latest quarter, Grupo Carso reported a staggering 40.9% decrease in operating income, amounting to 4.102 billion pesos compared to 6.944 billion pesos in the same timeframe of 2024. This decline is linked to reduced profitability across several divisions, stemming from the completion of significant infrastructure projects and compounded by factors such as inflationary pressures on wages and costs. Additionally, the implementation of new technology platforms within its commercial division appears to have also played a role in this diminished profit.
The financial performance of Grupo Carso not only marks a troubling trend for the company but potentially signals wider economic challenges influenced by global currency fluctuations and local inflation. As a major player in the Mexican economy, the implications of Grupo Carso's reduced profitability could affect various stakeholders, including investors, employees, and the broader market. Stakeholders will be closely monitoring future developments as the company navigates this period of adjustment and seeks to stabilize its operations moving forward.