—Robust performance of both financial and
commercial businesses generates a 9% increase in
consolidated revenue, to Ps.48,183 million—
—Operating profit increases 23% in the period,
to Ps.3,996 million—
—Increasing quality of Banco Azteca Mexico's
credit portfolio; delinquency rate drops to 3.2%, from 5.2%
a year ago—
MEXICO
CITY, July 24, 2024 /PRNewswire/ -- Grupo
Elektra, S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), Latin America's leading specialty retailer and
financial services company, and the largest non-bank provider of
cash advance services in the United
States, today announced second quarter 2024 results.
Second quarter results
Consolidated revenue increased 9% to Ps.48,183 million in the
period, compared to Ps.44,274 million in the same quarter of the
previous year. Costs and operating expenses rose 8% to Ps.41,857
million, up from Ps.38,638 million in the same quarter of 2023.
As a result, EBITDA was Ps.6,326 million, reflecting a 12%
increase from Ps.5,636 million a year ago. Operating income rose to
Ps.3,996 million, marking a 23% increase from Ps.3,237 million in
the same period of 2023.
The company reported a net loss of Ps.644 million, compared to a
profit of Ps.4,944 million a year ago.
|
2Q
2023
|
2Q
2024
|
Change
|
|
|
|
Ps.
|
%
|
|
|
|
|
|
Consolidated
revenue
|
$44,274
|
$48,183
|
$3,909
|
9 %
|
|
|
|
|
|
EBITDA
|
$5,636
|
$6,326
|
$690
|
12 %
|
|
|
|
|
|
Operating
profit
|
$3,237
|
$3,996
|
$759
|
23 %
|
|
|
|
|
|
Net result
|
$4,944
|
$(644)
|
$(5,588)
|
----
|
|
|
|
|
|
Net result per
share
|
$22.36
|
$(2.92)
|
$(25.28)
|
----
|
|
|
|
|
|
Figures in millions of
pesos.
|
EBITDA: Earnings Before
Interest, Taxes, Depreciation and Amortization.
|
As of June 30, 2024,
Elektra* outstanding shares were 220.3 million and as of June 30,
2023, were 221.1 million.
|
Revenue
Consolidated revenue increased 9% in the period, driven by a 9%
growth in financial income and an 8% rise in commercial sales.
The increase in financial income — to Ps.29,242 million, from
Ps.26,806 million in the previous year — largely reflects an 8%
growth in Banco Azteca Mexico's income. This growth aligns with the
ongoing expansion of the gross credit portfolio, contributing to
the wellbeing of millions of families and fostering business
development.
The increase in the commercial business revenue to Ps.18,941
million from Ps.17,469 million a year ago is largely driven by
growth in motorcycle sales, which enhance business productivity and
mobility for millions; telephony, which facilitates efficient
connectivity for a growing number of users; and white goods, which
improve the quality of life of an increasing number of
families."
Costs and expenses
Consolidated costs for the quarter increased 4% to Ps.22,923
million from Ps.22,081 million in the previous year. This increase
is driven by a 5% rise in commercial costs, reflecting higher
merchandise sales, partially offset by lower costs in imported
merchandise, and a 3% increase in financial costs due to higher
interest payments. These increased financial costs were partially
offset by a lower allowance for credit risks, in the context of
improved quality in the consolidated credit portfolio.
Consolidated costs for the period increased at a lower rate than
revenues, resulting in a 14% increase in the company's gross profit
to Ps.25,260 million from Ps.22,193 million a year ago. The gross
margin increased by two percentage points to 52% this quarter.
Selling, administration and promotion expenses increased 14% to
Ps.18,934 million from Ps.16,557 million a year ago, largely as a
result of higher operating expenses, advertising and personnel
expenses in the period.
EBITDA and net result
EBITDA grew 12% to Ps.6,326 million from Ps.5,636 million in the
previous year. The company reported operating income of Ps.3,996
million, compared to Ps.3,237 million in the same quarter of
2023.
Below EBITDA, there was a foreign exchange loss of Ps.664
million this quarter, compared to a gain of Ps.72 million a year
ago. This loss resulted from the effect of exchange rate
depreciation on the company´s net monetary position this period,
compared to appreciation in the previous year.
Negative variation of Ps.7,268 million in other financial
results, which reflects an 8% loss this quarter in the market value
of the underlying financial instruments owned by the company — and
which does not imply cash flow — compared to a 13% gain in the
previous year.
Consistent with the quarterly results, the tax provision for the
period decreased by Ps.2,352 million.
Grupo Elektra reported a net loss of Ps.644 million, compared to
a profit of Ps.4,944 million a year ago.
Unconsolidated balance sheet
A proforma balance sheet exercise of Grupo Elektra is presented,
which allows knowing the non-consolidated financial situation,
excluding the net assets of the financial business, whose
investment is valued in this case under the participation
method.
This presentation shows the debt of the company without
considering Banco Azteca's immediate and term deposits, which do
not constitute debt with cost for Grupo Elektra. Also, the pro
forma balance sheet does not include the bank's gross loan
portfolio.
This provides greater clarity about the different businesses
that make up the company and allows financial market participants
to make estimates of the value of the company, considering only the
relevant debt for said calculations.
Consistent with this, debt with cost as of June 30, 2024, was Ps.38,707 million, compared to
Ps.38,277 million of the previous year.
Cash and cash equivalents were Ps.12,109 million, from Ps.11,357
million a year ago, and net debt was Ps.26,598 million, compared to
Ps.26,920 million a year ago.
As of June 30, 2024, the Company's
shareholders' equity was Ps.92,131 million, and the ratio of
shareholders' equity to total liabilities was 1.06 times.
|
|
|
|
|
|
|
|
|
|
As of June 30
2023
|
As of June 30
2024
|
Change
|
Ps.
|
%
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
$11,357
|
$12,109
|
751
|
7 %
|
Marketable financial
instruments
|
26,995
|
26,832
|
(163)
|
(1 %)
|
Inventories
|
16,688
|
17,089
|
401
|
2 %
|
Accounts
receivables
|
47,356
|
49,616
|
2,261
|
5 %
|
Other current
assets
|
3,845
|
3,620
|
(225)
|
(6 %)
|
Investments in
shares
|
40,704
|
42,890
|
2,186
|
5 %
|
Fixed assets
|
10,074
|
8,542
|
(1,532)
|
(15 %)
|
Right of use
assets
|
12,824
|
12,080
|
(744)
|
(6 %)
|
Other assets
|
2,454
|
5,933
|
3,479
|
142 %
|
|
|
|
|
|
Total
assets
|
$172,297
|
$178,711
|
$6,414
|
4 %
|
|
|
|
|
|
Short-term
debt
|
$8,580
|
$10,022
|
1,441
|
17 %
|
Suppliers
|
7,509
|
9,971
|
2,462
|
33 %
|
Other short-term
liabilities
|
18,506
|
21,460
|
2,954
|
16 %
|
Long-term
debt
|
29,697
|
28,685
|
(1,013)
|
(3 %)
|
Other long-term
debt
|
16,805
|
16,443
|
(362)
|
(2 %)
|
|
|
|
|
|
Total
liabilities
|
$81,098
|
$86,580
|
$5,482
|
7 %
|
|
|
|
|
|
Stakeholder´s
equity
|
$91,199
|
$92,131
|
$932
|
1 %
|
|
|
|
|
|
Liabilities and
equity
|
$172,297
|
$178,711
|
$6,414
|
4 %
|
Figures in
millions of pesos
|
|
|
|
|
Consolidated Balance Sheet
Loan Portfolio and Deposits
The consolidated gross portfolio of Banco Azteca Mexico, Purpose
Financial and Banco Azteca Latinoamerica as of June 30, 2024, grew 7% to Ps.180,327 million,
from Ps.168,443 million in the previous year. The consolidated
non-performing loan ratio was 3.8% at the end of the period,
compared to 5.6% in the previous year.
Banco Azteca Mexico's gross loan portfolio balance increased 6%
to Ps.173,266 million, from Ps.163,398 million a year ago. The
Bank's non-performing loan ratio at the end of the period decreased
two percentage points to 3.2%, compared to 5.2% a year ago, in the
context of robust credit origination processes and increasing
collection efficiency.
Grupo Elektra's consolidated deposits were Ps.228,782 million,
2% higher than Ps.224,588 million a year ago. Banco Azteca Mexico's
traditional deposits were Ps.224,808 million, compared to
Ps.224,264 million a year ago.
Banco Azteca Mexico's traditional deposit ratio to gross
portfolio was 1.3 times, which allows for solid growth for the
Bank, with optimal funding costs.
The Bank's liquidity coverage ratio at the end of the quarter —
countable liquid assets / total net cash outflow — was 928%, an
outstanding figure in the Mexican banking sector.
Banco Azteca Mexico's capitalization ratio was 14.85%.
Infrastructure
Grupo Elektra currently operates 6,123 points of contact from
6,260 units from the previous year. This decrease is due to
strategies aimed at maximizing the profitability of the company's
points of contact.
At the end of the period, Grupo Elektra had 4,887 contact points
in Mexico, 827 in the US, and 409
in Central America. This extensive
distribution network ensures proximity to customers and fosters
close attention, contributing to the company's superior market
positioning in the countries it operates in.
Consolidated six-month results
Consolidated revenue for the first six months of the year grew
by 7% to Ps. 92,745 million, up from Ps. 86,494 million in the same
period of 2023. This increase was driven by a 9% growth in sales of
the commercial business and a 6% rise in revenues of the financial
business.
EBITDA was Ps.12,689 million, compared to Ps.11,794 million a
year ago. The company reported operating income of Ps.8,063
million, from Ps.7,004 million a year ago.
In the first six months of 2024, net income of Ps.1,077 million
was recorded, compared to Ps.5,403 million a year ago. The change
reflects a loss in the market value of the underlying financial
instruments owned by the company —which does not imply cash flow—
compared to the gain of the previous year.
|
6M
2023
|
6M
2024
|
Change
|
|
|
|
Ps.
|
%
|
|
|
|
|
|
Consolidated
revenue
|
$86,494
|
$92,745
|
$6,252
|
7 %
|
|
|
|
|
|
EBITDA
|
$11,794
|
$12,689
|
$895
|
8 %
|
|
|
|
|
|
Operating
profit
|
$7,004
|
$8,063
|
$1,059
|
15 %
|
|
|
|
|
|
Net
result
|
$5,403
|
$1,077
|
$(4,326)
|
----
|
|
|
|
|
|
Net result per
share
|
$24.43
|
$4.89
|
$(19.55)
|
----
|
|
|
|
|
|
Figures in millions of
pesos.
|
EBITDA: Earnings Before
Interest, Taxes, Depreciation and Amortization.
|
As of June 30, 2024,
Elektra* outstanding shares were 220.3 million and as of June 30,
2023, were 221.1 million.
|
Company Profile:
Grupo Elektra is Latin
America's leading financial services company and specialty
retailer and the largest non-bank provider of cash advance services
in the United States. The group operates more than 6,000
points of contact in Mexico,
the United States, Guatemala, Honduras, and Panama.
Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com),
a group of dynamic, fast-growing, and technologically advanced
companies focused on creating economic value through market
innovation and goods and services that improve standards of living;
social value to improve community well-being; and environmental
value by reducing the negative impact of its business activities.
Created by Mexican entrepreneur Ricardo B.
Salinas (www.ricardosalinas.com), Grupo Salinas operates as
a management development and decision forum for the top leaders of
member companies. These companies include TV Azteca
(www.TVazteca.com; www.irtvazteca.com), Grupo Elektra
(www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx),
Purpose Financial (havepurpose.com), Afore Azteca
(www.aforeazteca.com.mx), Seguros Azteca
(www.segurosazteca.com.mx), Punto Casa de Bolsa
(www.puntocasadebolsa.mx), Total Play (irtotalplay.mx;
www.totalplay.com.mx) and Total Play Empresarial
(totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade
shares on the Mexican Stock Market and in Spain's' Latibex market. Each of the Grupo
Salinas companies operates independently, with its own management,
board of directors and shareholders. Grupo Salinas has no equity
holdings. The group of companies shares a common vision, values,
and strategies for achieving rapid growth, superior results, and
world-class performance.
Except for historical information, the matters discussed in
this press release are concepts about the future that involve risks
and uncertainty that may cause actual results to differ materially
from those projected. Other risks that may affect Grupo Elektra and
its subsidiaries are presented in documents sent to the securities
authorities.
|
Investor
Relations:
|
|
Bruno
Rangel
Grupo
Salinas
Tel. +52 (55)
1720-9167
jrangelk@gruposalinas.com.mx
|
|
Rolando
Villarreal
Grupo Elektra, S.A.B.
de C.V.
Tel. +52 (55)
1720-9167
rvillarreal@elektra.com.mx
|
|
|
Press
Relations:
|
|
|
Luciano
Pascoe
Tel. +52 (55) 1720 1313 ext. 36553
lpascoe@gruposalinas.com.mx
|
|
GRUPO ELEKTRA,
S.A.B. DE C.V. AND SUBSIDIARIES
|
CONSOLIDATED INCOME
STATEMENTS
|
MILLIONS OF MEXICAN
PESOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2Q23
|
|
2Q24
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
income
|
26,806
|
61 %
|
|
29,242
|
61 %
|
|
2,436
|
9 %
|
|
|
Commercial
income
|
17,469
|
39 %
|
|
18,941
|
39 %
|
|
1,473
|
8 %
|
|
|
Income
|
44,274
|
100 %
|
|
48,183
|
100 %
|
|
3,909
|
9 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
cost
|
9,190
|
21 %
|
|
9,425
|
20 %
|
|
235
|
3 %
|
|
|
Commercial
cost
|
12,891
|
29 %
|
|
13,497
|
28 %
|
|
607
|
5 %
|
|
|
Costs
|
22,081
|
50 %
|
|
22,923
|
48 %
|
|
842
|
4 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
income
|
22,193
|
50 %
|
|
25,260
|
52 %
|
|
3,067
|
14 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales,
administration and promotion expenses
|
16,557
|
37 %
|
|
18,934
|
39 %
|
|
2,376
|
14 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
5,636
|
13 %
|
|
6,326
|
13 %
|
|
690
|
12 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
2,394
|
5 %
|
|
2,333
|
5 %
|
|
(61)
|
-3 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other expense (income),
net
|
5
|
0 %
|
|
(3)
|
0 %
|
|
(8)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income
|
3,237
|
7 %
|
|
3,996
|
8 %
|
|
759
|
23 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive financial
result:
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
514
|
1 %
|
|
479
|
1 %
|
|
(35)
|
-7 %
|
|
|
Interest expense
|
(1,443)
|
-3 %
|
|
(1,442)
|
-3 %
|
|
1
|
0 %
|
|
|
Foreign exchange gain
(loss), net
|
72
|
0 %
|
|
(664)
|
-1 %
|
|
(736)
|
----
|
|
|
Other financial results,
net
|
4,303
|
10 %
|
|
(2,966)
|
-6 %
|
|
(7,268)
|
----
|
|
|
|
3,446
|
8 %
|
|
(4,593)
|
-10 %
|
|
(8,038)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participation
in the net income of
|
|
|
|
|
|
|
|
|
|
|
CASA and other
associated companies
|
348
|
1 %
|
|
(306)
|
-1 %
|
|
(654)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before
income tax
|
7,031
|
16 %
|
|
(902)
|
-2 %
|
|
(7,933)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
|
(2,092)
|
-5 %
|
|
259
|
1 %
|
|
2,352
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before
discontinued operations
|
4,939
|
11 %
|
|
(642)
|
-1 %
|
|
(5,581)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Result from
discontinued operations
|
5
|
0 %
|
|
(1)
|
0 %
|
|
(7)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net
income (loss)
|
4,944
|
11 %
|
|
(644)
|
-1 %
|
|
(5,588)
|
----
|
|
GRUPO ELEKTRA,
S.A.B. DE C.V. AND SUBSIDIARIES
|
CONSOLIDATED INCOME
STATEMENTS
|
MILLIONS OF MEXICAN
PESOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6M23
|
|
6M24
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
income
|
53,505
|
62 %
|
|
56,768
|
61 %
|
|
3,263
|
6 %
|
|
|
Commercial
income
|
32,988
|
38 %
|
|
35,977
|
39 %
|
|
2,989
|
9 %
|
|
|
Income
|
86,494
|
100 %
|
|
92,745
|
100 %
|
|
6,252
|
7 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
cost
|
17,999
|
21 %
|
|
18,805
|
20 %
|
|
807
|
4 %
|
|
|
Commercial
cost
|
23,986
|
28 %
|
|
25,652
|
28 %
|
|
1,666
|
7 %
|
|
|
Costs
|
41,985
|
49 %
|
|
44,457
|
48 %
|
|
2,473
|
6 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
income
|
44,509
|
51 %
|
|
48,288
|
52 %
|
|
3,779
|
8 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales,
administration and promotion expenses
|
32,715
|
38 %
|
|
35,599
|
38 %
|
|
2,884
|
9 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
11,794
|
14 %
|
|
12,689
|
14 %
|
|
895
|
8 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
4,784
|
6 %
|
|
4,641
|
5 %
|
|
(143)
|
-3 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other expense (income),
net
|
5
|
0 %
|
|
(15)
|
0 %
|
|
(20)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income
|
7,004
|
8 %
|
|
8,063
|
9 %
|
|
1,059
|
15 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive financial
result:
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
891
|
1 %
|
|
925
|
1 %
|
|
34
|
4 %
|
|
|
Interest expense
|
(2,913)
|
-3 %
|
|
(2,903)
|
-3 %
|
|
11
|
0 %
|
|
|
Foreign exchange gain
(loss), net
|
508
|
1 %
|
|
(634)
|
-1 %
|
|
(1,142)
|
----
|
|
|
Other financial results,
net
|
1,765
|
2 %
|
|
(3,637)
|
-4 %
|
|
(5,402)
|
----
|
|
|
|
250
|
0 %
|
|
(6,249)
|
-7 %
|
|
(6,499)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participation
in the net income of
|
|
|
|
|
|
|
|
|
|
|
CASA and other
associated companies
|
404
|
0 %
|
|
(226)
|
0 %
|
|
(630)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
tax
|
7,659
|
9 %
|
|
1,589
|
2 %
|
|
(6,070)
|
-79 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
|
(2,261)
|
-3 %
|
|
(510)
|
-1 %
|
|
1,751
|
77 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before
discontinued operations
|
5,398
|
6 %
|
|
1,079
|
1 %
|
|
(4,319)
|
-80 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Result from
discontinued operations
|
5
|
0 %
|
|
(2)
|
0 %
|
|
(7)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net
income
|
5,403
|
6 %
|
|
1,077
|
1 %
|
|
(4,326)
|
-80 %
|
|
GRUPO ELEKTRA,
S.A.B. DE C.V. AND SUBSIDIARIES
|
CONSOLIDATED BALANCE
SHEET
|
MILLIONS OF MEXICAN
PESOS
|
|
Commercial
Business
|
Financial
Business
|
Grupo
Elektra
|
|
Commercial
Business
|
Financial
Business
|
Grupo
Elektra
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At June 30, 2023
|
|
At June 30, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
11,357
|
29,331
|
40,688
|
|
12,109
|
30,499
|
42,608
|
|
1,920
|
5 %
|
|
|
|
|
|
|
|
|
|
|
|
Marketable financial
instruments
|
4,916
|
90,812
|
95,728
|
|
3,613
|
97,458
|
101,071
|
|
5,343
|
6 %
|
|
|
|
|
|
|
|
|
|
|
|
Performing loan
portfolio
|
-
|
86,217
|
86,217
|
|
-
|
96,204
|
96,204
|
|
9,987
|
12 %
|
Total past-due
loans
|
-
|
7,237
|
7,237
|
|
-
|
4,985
|
4,985
|
|
(2,252)
|
-31 %
|
Gross loan
portfolio
|
-
|
93,454
|
93,454
|
|
-
|
101,189
|
101,189
|
|
7,735
|
8 %
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit
risks
|
-
|
14,748
|
14,748
|
|
-
|
15,147
|
15,147
|
|
399
|
3 %
|
|
|
|
|
|
|
|
|
|
|
|
Loan portfolio,
net
|
-
|
78,706
|
78,706
|
|
-
|
86,042
|
86,042
|
|
7,336
|
9 %
|
|
|
|
|
|
|
|
|
|
|
|
Inventories
|
16,688
|
-
|
16,688
|
|
17,089
|
-
|
17,089
|
|
401
|
2 %
|
|
|
|
|
|
|
|
|
|
|
|
Other current
assets
|
18,238
|
14,067
|
32,305
|
|
22,362
|
12,294
|
34,656
|
|
2,351
|
7 %
|
|
|
|
|
|
|
|
|
|
|
|
Total current
assets
|
51,200
|
212,916
|
264,115
|
|
55,173
|
226,294
|
281,467
|
|
17,352
|
7 %
|
|
|
|
|
|
|
|
|
|
|
|
Financial
instruments
|
22,078
|
3
|
22,081
|
|
23,219
|
2
|
23,221
|
|
1,140
|
5 %
|
|
|
|
|
|
|
|
|
|
|
|
Performing loan
portfolio
|
-
|
72,779
|
72,779
|
|
-
|
77,283
|
77,283
|
|
4,504
|
6 %
|
Total past-due
loans
|
-
|
2,210
|
2,210
|
|
-
|
1,855
|
1,855
|
|
(355)
|
-16 %
|
Gross loan
portfolio
|
-
|
74,989
|
74,989
|
|
-
|
79,138
|
79,138
|
|
4,149
|
6 %
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit
risks
|
-
|
5,534
|
5,534
|
|
-
|
5,335
|
5,335
|
|
(199)
|
-4 %
|
|
|
|
|
|
|
|
|
|
|
|
Loan
portfolio
|
-
|
69,455
|
69,455
|
|
-
|
73,803
|
73,803
|
|
4,348
|
6 %
|
|
|
|
|
|
|
|
|
|
|
|
Other non-current
assets
|
21,352
|
471
|
21,824
|
|
18,619
|
281
|
18,900
|
|
(2,924)
|
-13 %
|
Investment in
shares
|
2,395
|
-
|
2,395
|
|
2,126
|
12
|
2,138
|
|
(257)
|
-11 %
|
Property, furniture,
equipment and
|
|
|
|
|
|
|
|
|
|
|
investment in
stores, net
|
10,074
|
10,802
|
20,876
|
|
8,542
|
10,379
|
18,921
|
|
(1,955)
|
-9 %
|
Intangible
assets
|
779
|
7,979
|
8,759
|
|
699
|
7,833
|
8,532
|
|
(227)
|
-3 %
|
Right of use
asset
|
12,655
|
2,052
|
14,707
|
|
11,924
|
2,001
|
13,925
|
|
(781)
|
-5 %
|
Other assets
|
1,675
|
7,786
|
9,461
|
|
5,233
|
9,477
|
14,710
|
|
5,249
|
----
|
TOTAL
ASSETS
|
122,208
|
311,464
|
433,672
|
|
125,537
|
330,080
|
455,617
|
|
21,945
|
5 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand and term
deposits
|
-
|
224,588
|
224,588
|
|
-
|
228,782
|
228,782
|
|
4,194
|
2 %
|
Creditors from
repurchase agreements
|
-
|
15,412
|
15,412
|
|
-
|
28,253
|
28,253
|
|
12,841
|
83 %
|
Short-term
debt
|
8,475
|
138
|
8,613
|
|
9,460
|
37
|
9,497
|
|
884
|
10 %
|
Leasing
|
2,315
|
840
|
3,155
|
|
2,055
|
811
|
2,866
|
|
(289)
|
-9 %
|
Short-term
liabilities with cost
|
10,789
|
240,978
|
251,768
|
|
11,515
|
257,883
|
269,398
|
|
17,630
|
7 %
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and other
short-term liabilities
|
23,479
|
20,992
|
44,470
|
|
29,163
|
19,956
|
49,119
|
|
4,649
|
10 %
|
Short-term
liabilities without cost
|
23,479
|
20,992
|
44,470
|
|
29,163
|
19,956
|
49,119
|
|
4,649
|
10 %
|
|
|
|
|
|
|
|
|
|
|
|
Total short-term
liabilities
|
34,268
|
261,970
|
296,238
|
|
40,678
|
277,839
|
318,517
|
|
22,279
|
8 %
|
|
|
|
|
|
|
|
|
|
|
|
Long-term
debt
|
27,027
|
0
|
27,027
|
|
25,813
|
0
|
25,813
|
|
(1,214)
|
-4 %
|
Leasing
|
11,470
|
1,302
|
12,772
|
|
11,259
|
1,235
|
12,494
|
|
(278)
|
-2 %
|
Long-term
liabilities with cost
|
38,497
|
1,302
|
39,799
|
|
37,072
|
1,235
|
38,307
|
|
(1,492)
|
-4 %
|
|
|
|
|
|
|
|
|
|
|
|
Long-term
liabilities without cost
|
5,335
|
1,101
|
6,436
|
|
5,184
|
1,478
|
6,662
|
|
226
|
4 %
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term
liabilities
|
43,832
|
2,403
|
46,235
|
|
42,256
|
2,713
|
44,969
|
|
(1,266)
|
-3 %
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES
|
78,100
|
264,373
|
342,473
|
|
82,934
|
280,552
|
363,486
|
|
21,013
|
6 %
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL STOCKHOLDERS'
EQUITY
|
44,108
|
47,091
|
91,199
|
|
42,603
|
49,529
|
92,131
|
|
932
|
1 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES +
EQUITY
|
122,208
|
311,464
|
433,672
|
|
125,537
|
330,080
|
455,617
|
|
21,945
|
5 %
|
|
|
|
|
|
|
|
|
|
|
INFRASTRUCTURE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2Q23
|
|
2Q24
|
|
Change
|
|
|
|
|
|
|
|
|
|
Points of sale in
Mexico
|
|
|
|
|
|
|
|
|
Elektra
|
1,225
|
20 %
|
|
1,227
|
20 %
|
|
2
|
0 %
|
Salinas y
Rocha
|
33
|
1 %
|
|
32
|
1 %
|
|
(1)
|
-3 %
|
Banco Azteca
|
1,926
|
31 %
|
|
1,921
|
31 %
|
|
(5)
|
0 %
|
Freestanding
branches
|
1,762
|
28 %
|
|
1,707
|
28 %
|
|
(55)
|
-3 %
|
Total
|
4,946
|
79 %
|
|
4,887
|
80 %
|
|
(59)
|
-1 %
|
|
|
|
|
|
|
|
|
|
Points of sale in
Central America
|
|
|
|
|
|
|
|
|
Elektra
|
120
|
2 %
|
|
120
|
2 %
|
|
-
|
0 %
|
Banco Azteca
|
228
|
4 %
|
|
225
|
4 %
|
|
(3)
|
-1 %
|
Freestanding
branches
|
64
|
1 %
|
|
64
|
1 %
|
|
-
|
0 %
|
Total
|
412
|
7 %
|
|
409
|
7 %
|
|
(3)
|
-1 %
|
|
|
|
|
|
|
|
|
|
Points of sale in
North America
|
|
|
|
|
|
|
|
|
Purpose
Financial
|
902
|
14 %
|
|
827
|
14 %
|
|
(75)
|
-8 %
|
Total
|
902
|
14 %
|
|
827
|
14 %
|
|
(75)
|
-8 %
|
|
|
|
|
|
|
|
|
|
TOTAL
|
6,260
|
100 %
|
|
6,123
|
100 %
|
|
(137)
|
-2 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floor space
(m²)
|
1,530
|
100 %
|
|
1,740
|
100 %
|
|
210
|
14 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employees
|
|
|
|
|
|
|
|
|
Mexico
|
62,600
|
88 %
|
|
61,334
|
88 %
|
|
(1,266)
|
-2 %
|
Central and South
America
|
5,972
|
8 %
|
|
6,129
|
9 %
|
|
157
|
3 %
|
North
America
|
2,681
|
4 %
|
|
2,493
|
4 %
|
|
(188)
|
-7 %
|
Total
employees
|
71,253
|
100 %
|
|
69,956
|
100 %
|
|
(1,297)
|
-2 %
|
View original
content:https://www.prnewswire.com/news-releases/grupo-elektra-announces-12-growth-in-ebitda-to-ps6-326-million-in-the-second-quarter-of-2024--302205967.html
SOURCE Grupo Elektra, S.A.B. de C.V.