MEXICO CITY, July 22, 2026 /PRNewswire/ -- Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA*) ("Rotoplas", "the Company"), the leading provider of water solutions in the Americas, today reports its unaudited financial results for the second quarter of 2026. The information has been prepared in accordance with International Financial Reporting Standards (IFRS).
Figures are expressed in millions of Mexican pesos.
Key Highlights Q2'26
-- Net sales were $3.0 billion; a 3.4% increase compared to Q2'25. On a
cumulative basis, net sales reached $5.7 billion, a 2.2% increase
compared to 2025.
-- EBITDA of $409 million, with a 13.4% margin. The cumulative EBITDA was
$741 million, with a cumulative margin of 13.0%.
-- Operating profit was $217 million, an increase of 4.8% compared to Q2'25.
On a cumulative basis, operating profit reached $377 million, a 9.1%
increase compared to 2025.
-- Net result posted a $201 million loss in Q2'26, mainly explained by the
impact of the net finance costs related to monetary position in
Argentina. In the first half of the year, net result posted a loss of $89
million.
-- Services sales increased 4.7% during the quarter and 8.7% in the first
half of the year, primarily driven by bebbia, while product sales
increased 3.2% during the quarter and 1.5% in the first half of the year.
-- bebbia surpassed 193,000 active subscribers at the end of the quarter.
Message from the CEO | Carlos Rojas Aboumrad
"During the second quarter, we continued consolidating the recovery we have made over the last quarters. Sales grew 3.4% and EBITDA 11.0%, with a margin expansion, reflecting a more efficient operation and the impact of the initiatives we have been implementing. This was achieved in an environment that continues to present challenges, particularly exchange rate volatility and pressure on raw material costs.
In Mexico, performance in products was solid, with agile pricing management amid resin price volatility. Argentina remained affected by macroeconomic and foreign exchange factors; however, we observed signs of operating stabilization. In the United States, we posted our fifth consecutive quarter with positive EBITDA, confirming the structural progress of the business. Peru and Central America maintained solid commercial performance, while in Brazil we continued building the pipeline of water treatment plants.
The services segment maintained its positive trajectory, driven by bebbia. The segment's margin reflected a one-time impact from a litigation in Brazil, which has already been resolved with no additional impact expected. Excluding this impact, the margin continues its improving trend on the path toward breakeven.
A significant milestone of the quarter was the strengthening of our financial structure: we prepaid the AGUA 17-2X bond and closed a 7-year loan with Bancomext, extending our maturity profile. We continue to advance our deleveraging plan: Net Debt / EBITDA closed at 2.3x, down from 3.2x in Q2'25, reflecting the improvement in cash, debt, and EBITDA.
Our purpose is to bring more and better water to our customers, and innovation has always been the driving force that makes this possible. We continuously innovate to address our customers' evolving needs, ensuring our products and services create meaningful value and improve everyday life. Guided by this purpose, we will continue to innovate, strengthen our leadership, and create sustainable long-term value for all our stakeholders."
Results
Figures are expressed in millions of Mexican pesos
Indicator Q2'26 Q2'25 %YoY 6M26 6M25 %YoY
---------------------- ------ ------ -------- ------ ------ -------
Net Sales 3,044 2,945 3.4 % 5,705 5,580 2.2 %
Adjusted EBITDA(1) 409 369 11.0 % 741 669 10.7 %
% margin 13.4 % 12.5 % 90 bps 13.0 % 12.0 % 100 bps
Net Result (201) 42 NA (89) 65 NA
ROIC 5.3 % 5.2 % 10 bps
Net Financial Debt(2) 3,153 3,753 (16.0 %)
Net Debt / EBITDA 2.3x 3.2x (0.9x)
Financial Results Q2'26 vs Q2'25
-- Net sales reached $3,044 million, a 3.4% increase compared to Q2'25, with
a growth of 3.2% in products and 4.7% in services. The business showed
solid performance across every region -- Mexico, the USA, and others --
more than offsetting the weakness in Argentina.
-- Gross profit closed at $1,277 million with a margin of 42.0%, a 70-bps
expansion vs Q2'25, driven by agile pricing and production cost
efficiencies that allowed cost of sales to grow below the rate of sales.
-- Operating income reached $217 million, a 4.8% increase compared to Q2'25,
supported by year-over-year sales growth. Disciplined SG&A control has
helped keep expenses below 35% of sales, even as the company continues to
develop digital initiatives across the organization.
-- EBITDA closed at $409 million with a 13.4% margin, a 90-bps expansion
compared to Q2'25, reflecting the improvement in gross margin and strict
expense control.
-- Net result reached a loss of $201 million, mainly reflecting the net
finance costs impact, driven by the monetary position result in Argentina
and foreign exchange losses, together with a higher tax provision.
-- Net Financial Debt / EBITDA leverage closed at 2.3x, improving from 3.2x
in Q2'25, driven by higher cash balances, lower debt, and higher EBITDA.
Cumulative Results 2026 vs 2025
-- Net sales reached $5,705 million, a 2.2% increase, driven by 8.7% growth
in services, primarily supported by bebbia, and a 1.5% growth in products,
reflecting favorable demand trends and a stronger contribution from
recently introduced product lines in Mexico, such as the vertical water
tank and the smart pump.
-- Gross profit was $2,415 million, increasing 3.5% year-over-year. Gross
margin expanded 50 basis points to 42.3%. The improvement primarily
reflected disciplined pricing and cost management.
-- Operating income reached $377 million, a 9.1% increase compared to 2025,
supported by gross margin expansion and disciplined cost and expense
management, with operating expenses growing broadly in line with revenue.
-- EBITDA closed at $741 million, with EBITDA margin expanding 100 basis
points to 13.0%. The improvement was supported by stronger profitability
in Mexico and the United States, with Argentina also narrowing its losses
year over year.
-- Net result recorded an $89 million loss. This decline mainly reflects a
higher net finance costs associated with monetary position in Argentina
and foreign exchange effects, as well as a higher tax provision. These
items do not reflect the underlying strength of the Company's operations.
-- CapEx for the period amounted to $194 million, 8.2% below the prior-year
period, reflecting disciplined investment allocation. Expenditures
remained primarily focused on the continued expansion of the services
segment in Mexico, particularly bebbia, and on infrastructure required to
support future growth.
Sales and EBITDA by Geography and Solution
Figures are expressed in millions of Mexican pesos
Sales Q2'26 Q2'25 %YoY 6M26 6M25 %YoY
--------------- -------- -------- -------- -------- -------- ---------
Mexico(3) 1,787 1,711 4.4 % 3,368 3,248 3.7 %
Argentina 478 550 (13.1 %) 873 1,001 (12.9 %)
United States 322 315 2.4 % 581 595 (2.2 %)
Other 457 369 23.9 % 882 737 19.8 %
Products 2,747 2,661 3.2 % 5,118 5,041 1.5 %
Services 297 284 4.7 % 586 539 8.7 %
EBITDA Q2'26 Q2'25 %YoY 6M26 6M25 %YoY
--------------- -------- -------- -------- -------- -------- ---------
Mexico(3) 377 327 15.1 % 670 614 9.2 %
Argentina (4) (43) (89.6 %) (61) (64) (5.9 %)
United States 27 26 6.9 % 27 6 NA
Other 9 58 (83.8 %) 104 113 (8.4 %)
Products 501 409 22.4 % 857 723 18.5 %
Services (92) (41) NA (116) (54) NA
EBITDA Margin Q2'26 Q2'25 %YoY 6M26 6M25 %YoY
--------------- -------- -------- -------- -------- -------- ---------
Mexico 21.1 % 19.1 % 200 bps 19.9 % 18.9 % 100 bps
Argentina (0.9 %) (7.8 %) 690 bps (6.9 %) (6.4 %) (50) bps
United States 8.5 % 8.1 % 40 bps 4.7 % 1.0 % 370 bps
Other 2.1 % 15.8 % NA 11.8 % 15.4 % (360) bps
Products 18.2 % 15.4 % 280 bps 16.7 % 14.3 % 240 bps
Services (31.0 %) (14.4 %) NA (19.8 %) (10.1 %) NA
2Q26 6M26
-------------- --------------------------- ---------------------------
Sales % EBITDA% Sales % EBITDA%
-------------- ----- ----- ------ ---- ----- ----- ------ ----
Mexico 1,787 59 % 377 92 % 3,368 59 % 670 90 %
Argentina 478 16 % (4) (1 %) 873 15 % (61) (8 %)
United States 322 11 % 27 7 % 581 10 % 27 4 %
Others 457 15 % 9 2 % 882 15 % 104 14 %
TOTAL 3,044 100 % 409 100 % 5,705 100 % 741 100 %
-------------- ----- ----- ------ ----- ----- ----- ------ -----
Mexico
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