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Kimberly-Clark de México, S. A. B. de C. V. (KCDMY) Q4 2025 Earnings Call January 23, 2026 9:30 AM EST
Company Participants
Pablo Roberto González Guajardo – CEO, General Director & DirectorXavier Cortés Lascurain – CFO & Finance Director
Conference Call Participants
Alejandro Fuchs – Itaú Corretora de Valores S.A., Research DivisionBenjamin Theurer – Barclays Bank PLC, Research DivisionAntonio Hernandez – Actinver Casa de Bolsa, S.A. de C.V., Research DivisionRenata Fonseca Cabral Sturani – Citigroup Inc., Research DivisionGuilherme Mendes – JPMorgan Chase & Co, Research DivisionRobert Ford – BofA Securities, Research DivisionJeronimo de Guzman – INCA Investments, LLCJuan José Guzmán Calderón – Scotiabank Global Banking and Markets, Research Division
Presentation
Operator
Hello, and welcome, everyone joining today’s Kimberly-Clark de México Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn the meeting over to CEO, Pablo Gonzalez.
Pablo Roberto González GuajardoCEO, General Director & Director
Thanks so much. Hello, everyone. Thanks for participating on the call. We wish you and your families a terrific 2026. We’ll go straight to results and then make some brief comments about the quarter and our expectations going forward. So I’ll pass it on to Xavier.
Xavier Cortés LascurainCFO & Finance Director
Thank you, Pablo. Good morning, everyone. Our sales reached MXN 14.1 billion in the fourth quarter, an increase of 2.1% versus the same period of 2024. Total volume was flat and price/mix improved 2%. Growth was driven by consumer products, which expanded 5.5%, supported by healthy year-over-year growth of 1.4% and price/mix of 4.1%. Export hard rolled sales continued to decline as we converted more tissue towards higher-value domestic products.
Sequentially, results continued to improve from Q3 to Q4 as sales increased 4.8%, with Consumer Products up 8.5% primarily volume less, reflecting strong commercial execution, the planned innovations to
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