Grupo Carso's Operating Income Plummets 41% in Q4 2025
Grupo Carso experienced a 41% drop in operational income in the fourth quarter of 2025 due to various economic and operational challenges.
In the fourth quarter of 2025, Grupo Carso reported a significant operational income decline of 40.9%, amounting to 4.1 billion pesos. This downturn is attributed to reduced profitability in several divisions, notably due to the completion of major infrastructure projects, the weakening of the US dollar, technological platform implementations within their commercial division, and inflationary pressures affecting salaries and expenses. These factors combined created a challenging economic environment for the company.
The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a sharp decline, totaling 6.25 billion pesos which is a 31.7% reduction compared to the 9.16 billion pesos reported in the fourth quarter of 2024. This drop in EBITDA signals reduced efficiency and profitability in operations, further exacerbating the financial strain on the conglomerate as they navigate the aftermath of project completions.
Moreover, Grupo Carso's quarterly revenues fell by 4.7%, largely impacted by the conclusion of major infrastructure projects under their subsidiary CICSA and a foreign exchange impact of 1.2 billion pesos on dollar-denominated sales. The total sales for the quarter stood at 54.86 billion pesos, reflecting a broader challenge in maintaining revenue growth amid adverse market conditions, positioning Grupo Carso at a critical juncture in its operational strategy for the upcoming quarters.