Bolsa Mexicana de Valores SAB de CV Class A ( (BOMXF) ) has released its Q4 earnings. Here is a breakdown of the information Bolsa Mexicana de Valores SAB de CV Class A presented to its investors.
Bolsa Mexicana de Valores SAB de CV Class A (BMV: BOLSA A) is a prominent player in the financial sector, primarily operating as the Mexican Stock Exchange, facilitating trading in equities, derivatives, and providing various financial services. In its latest earnings report for the fourth quarter of 2024, BMV reported a significant increase in revenue, reaching 1,183 million pesos, marking a 12% rise from the same period in the previous year. This growth was attributed to increased trading activities, larger volumes in cross-border transactions, and favorable currency exchange movements.
The company’s financial performance showcased several key metrics, including a 13% increase in EBITDA, which amounted to 671 million pesos with a margin of 59%. Net income for the year rose by 9% to 1,637 million pesos, with earnings per share climbing 10% to 2.92 pesos. The report also highlighted a notable rise in expenses, primarily due to personnel costs, technology upgrades, and custody fees, which increased by 7% compared to the previous year.
Strategically, BMV experienced a 46% increase in margin deposits and a 35% rise in revenues from its Central Securities Depository, driven by higher assets under custody and cross-border transactions. The derivatives segment also saw a boost, particularly in dollar futures trading, contributing to a 76% increase in revenues for Asigna, the derivatives clearing house.
Looking forward, BMV’s management remains optimistic about sustaining growth through continued investments in technology and strategic initiatives, positioning the company to capitalize on market opportunities and enhance its service offerings in the financial sector.