Promotora y Operadora de Infraestructura S. A. B. (PINFRA) Q3 2024 earnings summary

Executive summary

• Consolidated revenues for 3Q24 reached $4.43 billion pesos, up 13% year-over-year, driven by strong performance in toll roads and construction segments.

• EBITDA grew 11% to $3.10 billion pesos, with a margin of 70%.

• Net profit increased 14% to $2.25 billion pesos, with a margin of 51%.

• Operating cash flow rose 22% to $3.05 billion pesos.

Financial highlights

• Operating profit was $2.82 billion pesos, up 9% year-over-year, with a 64% margin.

• Comprehensive financing result increased 167% to $986.4 million pesos, mainly due to higher foreign exchange gains and interest income.

• Total assets reached $81.88 billion pesos, up 3% sequentially; equity increased 4% to $63.90 billion pesos.

• Total liabilities decreased 2% to $17.98 billion pesos; current liabilities fell 5%.

Outlook and guidance

• Major expansion projects underway, including Armería-Manzanillo, Michoacán Package, and Rumbo Nuevo toll roads, with completion dates ranging from June 2025 to May 2026.

• Continued focus on collaborating with government and enhancing infrastructure in Mexico.