v3.25.1
Derivative Financial Instruments
12 Months Ended
Dec. 31, 2024
Derivative Financial Instruments [Abstract]  
Derivative financial instruments
19.Derivative financial instruments

 

Exchange rate derivatives:

 

In order to reduce the risks related to fluctuations in the exchange rate of the US dollar the Group uses derivative financial instruments such as forwards to mitigate foreign currency exposure resulting from payments made in US dollars.

 

The details of the derivative financial instrument contracts entered into by the Group as of December 31, 2024, 2023 and 2022, are as follows:

 

As of December 31, 2024

 

Instrument   

Notional
amount in
thousands

  Fair Value   Average
Strike
Ps./US$
   Maturity date
                 
Forwards US Dollar / Mexican Peso  US$ 57,400  Ps.108,846    19.21   Weekly, through June 2025
                   
Total Assets       Ps.108,846         

 

As of December 31, 2023

 

Instrument   

Notional
amount in
thousands

  Fair Value   Average
Strike
Ps./US$
   Maturity date
                 
Forwards US Dollar / Mexican Peso  US$ 97,260  Ps.47,920    17.96   Weekly, through December 2024
                   
Total Liabilities       Ps.47,920         

As of December 31, 2022

 

Instrument   

Notional
amount in
thousands

  Fair Value   Average
Strike
Ps./US$
   Maturity date
                 
Forwards US Dollar / Mexican Peso  US$ 41,750  Ps.15,329    20.31   Weekly, through August 2023
                   
Total Liabilities       Ps.15,329         

 

The impacts on profit or (loss) from of the derivative financial instruments for the years of 2024, 2023 and 2022 amounted to a gain / (loss) of Ps.156,766, Ps.(32,591) and Ps.(43,522), respectively, which is included in the consolidated statements of comprehensive income in the line item of “unrealized (loss) gain in valuation of derivative financial instruments.”