Grupo Bafar earnings for the third quarter ended September 30, 2026, showed net sales rising 11.5% year over year to 8,889.6 million Mexican pesos and EBITDA increasing 24.3% to 1,559.4 million pesos. The Mexico-based company announced the results on October 26, attributing improved profitability to higher sales volumes, a greater contribution from higher-value-added businesses and disciplined operating costs.
Key Takeaways
- Consolidated EBITDA grew faster than sales, while the operating margin reached 13.6%.
- The food division increased sales by 9.8% and EBITDA by 18.6% year over year.
- Management plans further commercial expansion and automation, but provided no numerical outlook in the announcement.
Grupo Bafar earnings reflect stronger food operations
Bafar Alimentos, the company’s food division, reported quarterly net sales of 8,367.6 million pesos. EBITDA reached 1,149.3 million pesos, with an EBITDA margin of 13.7%. The company said performance across its sales channels supported growth.
Grupo Bafar continued expanding its company-operated retail network, aiming to capture more value and improve operating margins. Reported capital expenditures totaled 1,124 million pesos, covering commercial-network expansion and distribution infrastructure.
The investment program included 646 million pesos for distribution-center expansion in Chihuahua, alongside construction of a new regional distribution center in Villahermosa. Management expects these projects to improve supply-chain efficiency; those benefits remain expectations rather than reported results.
| Item | Details |
|---|---|
| Reporting period | Third quarter ended September 30, 2026 |
| Operating income | 1,208.4 million Mexican pesos |
| Operating margin | 13.6% |
| Net income | 675.3 million Mexican pesos |
| Net margin | 7.6% |
Property and financial businesses add revenue
The company’s description of Fibra Nova’s property investment and leasing business explains its role in acquiring and developing real estate to generate rental income. That business provides a separate operating stream alongside Grupo Bafar’s food activities.
For the third quarter of 2026, Fibra Nova reported revenue of 441.2 million pesos, up 12.5% year over year. The company attributed the increase to full occupancy and contributions from new leases. Quarterly investments totaled 326.9 million pesos, primarily for build-to-suit industrial developments, and its quarter-end loan-to-value ratio was 31%.
The financial division reported credit and factoring originations of 1,314.9 million pesos. Revenue rose 22.3% to 313.7 million pesos, reflecting increased demand from small and medium-sized enterprises and strategic suppliers.
In the real estate development division, residential lot sales at Valle de los Encinos in Chihuahua generated 237.4 million pesos in quarterly revenue. Hotel del Valle de los Encinos also began operations.
Expansion plans remain qualitative
Management plans to continue commercial expansion, brand development and operational automation. It expects those investments to support efficiency and margin resilience, but the announcement did not provide numerical sales or earnings guidance.
The company also expects the newly opened hotel to contribute progressively to recurring revenue alongside the development’s restaurant and hospitality offerings. No timetable or quantified contribution was disclosed.
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