TBBB.N Reports Strong Financial Performance for Nine Months Ending September 2024

The financial report for the nine months ending September 30, 2024, indicates a positive shift in the cash flow of TBBB.N. The company reported a profit before income tax of Ps. 621,026 thousand, compared to a loss of Ps. 17,666 thousand in the same period in 2023. This improvement was accompanied by significant cash flows from operating activities, which increased to Ps. 2,378,208 thousand from Ps. 1,942,839 thousand in 2023.

The report highlights a substantial increase in suppliers, including supplier finance arrangements, which rose to Ps. 728,969 thousand from Ps. 1,013,497 thousand in 2023. This suggests a strategic focus on managing supply chain and finance arrangements effectively. Additionally, there was a notable increase in depreciation of assets and interest expenses on lease liabilities, reflecting ongoing investments in property and equipment.

Investing activities saw a significant outflow, with net cash used amounting to Ps. 4,171,848 thousand, a stark increase from Ps. 901,193 thousand in 2023. This was largely due to increased short-term bank deposits and purchases of property and equipment.

In financing activities, the company raised Ps. 7,841,837 thousand from an initial public offering, net of underwriting fees, which contributed to a positive net cash flow of Ps. 1,747,828 thousand, compared to a negative cash flow of Ps. 1,027,374 thousand in 2023. This influx was offset by payments on promissory notes and interest payments.

Despite these financial activities, the net cash and cash equivalents decreased slightly by Ps. 45,812 thousand, ending the period at Ps. 1,268,902 thousand. This decrease was mitigated by the positive effect of foreign exchange movements on cash balances.