BeFra Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $4,832M MXN, up 43.1% year over year
- ➤Q3 EBITDA $1,008M MXN, up 39.6% year over year
- ➤2026 net revenue growth guidance raised to 24.0%-26.0%
- ➤Tupperware direct-selling revenue increased 14.0% year over year
- ➤Jafra Q3 revenue fell 2.8%; Andrés Campos appointed interim Managing Director
- ➤Net debt/EBITDA improved to 1.65x from 1.80x pre-acquisition
Expert Statements
Andrés Campos Chevallier, President and CEO of BeFra Group
“Our third quarter results marked a significant step in BeFra’s evolution, expanding our scale, brand diversification, geographic reach, and overall financial strength.”
Andrés Campos Chevallier, President and CEO of BeFra Group
“With this result, profitability also scaled, with EBITDA reaching $1,008 M MXN, representing an increase of 39.6% YoY, while net income increased 24.2% in the quarter (despite a temporary tax recognition that does not affect year-round results).”
Andrés Campos Chevallier, President and CEO of BeFra Group
“In this line, and as you will notice, accumulated net income is growing at 34.5% and combined earnings per share at 114% in the first nine months, reflecting the highly accretive nature of the Tupperware Latam acquisition.”
Andrés Campos Chevallier, President and CEO of BeFra Group
“Finishing off, cash flow increased 91.3% YoY, generating $1,059 M MXN of free cash flow in the quarter, we paid a $250M MXN dividend, paid down debt by $431 M MXN (decreasing combined Net Debt/EBITDA from 1.80x pre-acquisition to 1.65x), and closed with a solid $522 M MXN cash position on our balance sheet.”
Andrés Campos Chevallier, President and CEO of BeFra Group
“These results stand behind the previously announced value of the Tupperware Latam acquisition for the group.”
Andrés Campos Chevallier, President and CEO of BeFra Group
“They also endorse our long-term strategy of building a unique house of brands, potentialized by a modern person to person commercialization model that builds on the gig economy’s positive secular trends.”
Andrés Campos Chevallier, President and CEO of BeFra Group
“While organic revenue was temporarily affected by Jafra’s slight shortfall (which we are confident in our ability to quickly correct), we are glad to see the overall value to our shareholders and stakeholders derived from our overall strategies, while we continue to work every corner to reach our group’s full potential.”
Betterware de México, S.A.P.I. de C.V. (NYSE: BWMX) ("BeFra" or the "Company"), announced today its unaudited consolidated financial results for the third quarter ended September 30, 2026. The figures presented in this report are expressed in nominal Mexican Pesos (MXN) unless otherwise noted, presented and approved by the Board of Directors, prepared in accordance with IFRS, and may include minor differences due to rounding.
Our third quarter results marked a significant step in BeFra’s evolution, expanding our scale, brand diversification, geographic reach, and overall financial strength.
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