v3.25.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Information [Abstract]  
Schedule of Income Before Income Taxes

EBITDA is reconciled to income before income taxes as follows:

 

   2024   2023   2022 
(+) Net revenue BWM   5,991,834    5,726,608    6,343,344 
(+) Net revenue JAFRA   8,108,924    7,282,899    5,164,205 
(=) Total Net revenue  Ps.14,100,758    13,009,507    11,507,549 
(+) EBITDA BWM   1,296,538    1,434,501    1,514,227 
(+) EBITDA JAFRA   781,856    1,286,399    801,881 
(=) EBITDA(*)   2,078,394    2,720,900    2,316,108 
Depreciation and amortization   (392,186)    (382,119)    (287,702) 
Interest expense   (639,705)   (827,812)   (543,321)
Interest income   22,818    45,056    28,689 
Unrealized (loss) gain in valuation of DFI   156,766    (32,591)   (43,522)
Foreign exchange loss, net   (45,305)   (106,847)   (83,368)
Income before income taxes  Ps.1,180,782    1,416,587    1,386,884 

 

(*)EBITDA is composed of net income, (+) depreciation and amortization, (+) net financing costs, (+) income taxes. The CODM reviews segment profitability on an EBITDA and Adjusted EBITDA basis.  EBITDA is the Company's single measure of segment profitability.  In 2024, the adjusted EBITDA  is made up of adding unusual items: (+) the impairment of assets held for sale, (+) other expenses by selling of properties. which is shown in the Company's annual report.
Schedule of Segment Information

The segment information of the Group is detailed in the following table:

 

As of December 31,  2024 
Segments  BWM   JAFRA   Eliminations*   Total 
Other expenses by selling of properties  Ps.-    529,722    -    529,722 
Impairment of assets held for sale  Ps.-    166,581    -    166,581 
Interest expense  Ps.(903,431)    (34,088)   297,814    (639,705)
Interest income  Ps.10,956    309,676    (297,814)   22,818 
Unrealized gain in valuation of DFI  Ps.156,766    -    -    156,766 
Foreign exchange loss, net  Ps.(40,792)    (4,513)   -    (45,305)
Net revenue  Ps.5,991,834    8,108,924    -    14,100,758 
Cost of sales  Ps.2,569,082    1,951,141    -    4,520,223 
Depreciation and amortization  Ps.137,496    254,690    -    392,186 
Income taxes  Ps.236,306    232,954    -    469,260 
Total assets  Ps.10,557,935    8,115,089    (8,219,257)   10,453,767 
Total liabilities  Ps.(9,970,378)    (2,404,101)   3,083,360    (9,291,119)

 

(*)The column of eliminations corresponds to the transactions between the Group’s subsidiaries for the concepts of loans, interest income (expenses), expenses for corporate services, sales of fixed assets, initial investment in subsidiary, among the most important.
As of December 31,  2023 
Segments  BWM   JAFRA   Eliminations*   Total 
Interest expense  Ps.(941,781)   (33,581)   147,550    (827,812)
Interest income  Ps.10,033    182,573    (147,550)   45,056 
Unrealized loss in valuation of DFI  Ps.(32,591)   -    -    (32,591)
Foreign exchange (loss) gain, net  Ps.(110,103)   3,256    -    (106,847)
Net revenue  Ps.5,726,608    7,282,899    -    13,009,507 
Cost of sales  Ps.2,443,229    1,817,613    -    4,260,842 
Depreciation and amortization  Ps.128,450    253,669    -    382,119 
Income taxes  Ps.140,762    239,261    --    380,023 
Total assets  Ps.10,194,967    9,350,652    (8,451,908)   11,093,711 
Total liabilities  Ps.(8,724,053)   (2,920,084)   2,013,265    (9,630,872)
As of December 31,  2022 
Segments  BWM   JAFRA   Eliminations*   Total 
Interest expense  Ps.(546,977)   (11,039)   14,695    (543,321)
Interest income  Ps.10,607    32,777    (14,695)   28,689 
Unrealized loss in valuation of DFI  Ps.(43,522)   
-
    
-
    (43,522)
Foreign exchange loss, net  Ps.(81,212)   (2,156)   
-
    (83,368)
Net revenue  Ps.6,343,344    5,164,205    
-
    11,507,549 
Cost of sales  Ps.2,576,179    1,407,392    
-
    3,983,571 
Depreciation and amortization  Ps.109,055    178,647    
-
    287,702 
Income taxes  Ps.367,166    149,754    
-
    516,920 
Total assets  Ps.8,958,162    8,154,942    (5,780,371)   11,332,733 
Total liabilities  Ps.(8,363,605)   (2,592,037)   720,189    (10,235,453)
Schedule of Income Recognized

The income recognized during the years 2024, 2023 and 2022, national and foreign, is shown below:

 

   2024   2023   2022 
             
Revenue in Mexico  Ps.13,166,582    12,072,852    10,531,505 
Revenue in United States (1)   924,976    927,947    966,085 
Revenue in Guatemala   9,200    8,708    9,959 
                
Total revenue of the Group  Ps.14,100,758    13,009,507    11,507,549 

 

(1)The main concentration of Jafra’s income is in Mexico, however, there is an entity in the United States which represents a smaller percentage less than 8% of the Group’s total income.
Schedule of Consolidated Non-Current Assets by Geographic Area

The percentage of consolidated non-current assets by geographic area at the end of 2024, 2023 and 2022, are shown below:

 

   2024   2023   2022 
   México   USA   México   USA   México   USA 
                         
Property, plant and equipment  Ps.99.4%   0.6%   99.6%   0.4%   99.1%   0.9%
Right-of-use assets   83.6%   16.4%   84.1%   15.9%   70.0%   30.0%
Deferred income tax   100.0%   
-
    100.0%   
-
    100.0%   
-
 
Intangible assets (including Goodwill)   100.0%   
-
    100.0%   
-
    100.0%   
-
 
Account receivable from sale of properties   100%   
-
    
-
    
-
    
-
    
-
 
Other assets   88.6%   11.4%   97.7%   2.3%   97.4%   2.6%
                               
Total non-current assets (5)  Ps.98.9%   1.1%   99.0%   1.0%   98.4%   1.6%

 

(2)Betterware of Guatemala and Betterware Peru (the geographical area of Guatemala and Peru), represents 0.0% of the Group’s non-current assets, for the years 2024, 2023 and 2022.