#Mexico #Mexico City #Tax Litigation #Grupo Elektra #Banco Azteca

Grupo Elektra Finalizes Tax Litigation with Mexican Government and Announces 2025 Results

Grupo Elektra, S.A.B. de C.V., a dominant player in financial services and specialty retail across Latin America, has recently resolved all its tax disputes with the Mexican government. This announcement marks a significant turnaround for the company, allowing it to focus on its strategic objectives moving forward. Notably, they reported their fourth-quarter results for 2025, showcasing remarkable growth in financial performance despite some challenges.

In the fourth quarter of 2025, Grupo Elektra recorded a consolidated revenue of Ps.58,859 million, which reflects a 2% increase compared to Ps.57,790 million in the fourth quarter of the previous year. This revenue growth is attributed to a 9% surge in financial income, bringing it to Ps.36,162 million. However, the company experienced a 5% decline in commercial sales, which was a noteworthy aspect of the overall financial landscape.

Financial Overview

During this pivotal quarter, the operating costs rose slightly, totaling Ps.51,043 million, up from Ps.50,348 million in the same period last year. This resulted in an EBITDA of Ps.7,816 million, a 5% increase from the previous year’s figure of Ps.7,441 million. Despite these positive indicators, Grupo Elektra encountered a net loss of Ps.19,859 million, significantly larger than the previous year’s loss of Ps.11,656 million. This escalation in losses is largely tied to a one-time income tax provision of Ps.23,261 million, which was necessary to settle all outstanding tax disputes with the government.

Strategic Considerations

Grupo Elektra has reiterated its commitment to fulfilling its financial obligations and supporting the economic landscape of Mexico. CEO Ricardo Salinas emphasizes the significance of their decision to resolve these tax litigations, positioning the company to concentrate on enhancing value for its customers rather than engaging in prolonged disputes.

The financial performance in 2025 was not solely restricted to the fourth quarter. Over the entire fiscal year, Grupo Elektra reported consolidated revenues growing by 7% to Ps.215,356 million versus Ps.201,296 million in 2024. This annual increase is primarily driven by a substantial 12% growth in the financial services segment.

Key Performance Indicators

• - Consolidated Revenue (2025): Ps.215,356 million
• - EBITDA (2025): Ps.27,805 million
• - Operating Profit: Ps.17,426 million
• - Net Loss (2025): Ps.13,024 million

These indicators suggest a robust ongoing demand for the financial products and services offered by Grupo Elektra, particularly through its subsidiary, Banco Azteca.

Infrastructure and Future Directions

As of December 31, 2025, Grupo Elektra operated 6,110 points of contact globally, a testament to the company's expansive reach and its commitment to enhancing service access for customers in Mexico and beyond. The operational strategy now includes a strong focus on digital transformation, further expanding its user base through improved digital services.

With these developments, Grupo Elektra aims to strengthen its position in an increasingly competitive landscape while continuing to serve millions of customers efficiently. The resolution of tax disputes aligns with their long-term objectives of sustaining financial growth and social contributions in the communities they operate within. As Grupo Elektra navigates its financial future, stakeholders will be keen to observe how the company manages this transition and capitalizes on growth opportunities in the financial sector.