Cristina Fernandez

Eric Beder

Eric Martin Beder

- Betterware (BWMX) reported **Q3 2025 revenue growth of 1.4%** year over year and **EBITDA growth of 22%**, with the EBITDA margin expanding **362 basis points to 21.4%**.  **[0001788257_2201050_1]** 
- The company's adjusted net income increased **71%** versus Q3 2024, and free cash flow conversion remained strong at **77% of EBITDA**.  **[0001788257_2201050_5]** **[0001788257_2201050_1]** 
- Betterware reduced its total debt from **$6,700 million pesos to $5,200 million pesos** by the end of Q3 2025, with the net debt to EBITDA ratio falling from **3.1 times to 1.8 times**.  **[0001788257_2201050_5]** **[0001788257_2201050_6]**  The company expects to close 2025 with a net debt to EBITDA ratio of around **1.6 times**.  **[0001788257_2201050_6]** 
- Betterware Mexico's sales decreased **5.3%** year over year, while Jafra Mexico's revenue increased **8%** and EBITDA grew **31%**.  **[0001788257_2201050_1]** **[0001788257_2201050_2]**  Jafra US showed sequential improvement and stability, with September revenue up **30%** year-over-year.  **[0001788257_2201050_3]** 
- The board proposed a **$200 million** dividend, approved on October 21, 2024, marking the **23rd consecutive quarter** of dividend payments.  **[0001788257_2201050_5]**

Betterware Reports Q3 2025 Revenue and EBITDA Growth, Reduced Debt

- Betterware (BWMX) reported strong Q3 2025 results, with **revenue growing 1.4% year-over-year** and **EBITDA increasing 22%**, expanding the EBITDA margin to **21.4%**.  **[0001788257_2201139_1]**  Adjusted net income also saw a significant increase of **71%** compared to Q3 2024.  **[0001788257_2201139_5]** 
- The company demonstrated financial discipline, with free cash flow increasing **32.6% year-over-year** and the net leverage ratio decreasing sequentially from **1.97 to 1.8 times**.  **[0001788257_2201139_1]** **[0001788257_2201139_5]**  Total debt was reduced from **MXN 6,700 million to MXN 5,200 million** by the end of Q3 2025, with an expectation to close the year around **1.6 times** net debt to EBITDA.  **[0001788257_2201139_5]** 
- Segment performance was mixed, with Betterware Mexico sales decreasing **5.3% year-over-year** due to a softer consumer environment, while Jafra Mexico's revenue increased **8%** and EBITDA grew **31%**.  **[0001788257_2201139_1]** **[0001788257_2201139_2]**  International expansion efforts showed positive results, with Betterware Ecuador exceeding expectations and Betterware Guatemala sales growing **32% year-over-year**.  **[0001788257_2201139_3]** 
- BWMX plans to launch Betterware in **Colombia in early 2026** as part of its regional expansion strategy, targeting the estimated **MXN 4.5 billion** Andean and Central American direct selling markets.  **[0001788257_2201139_3]**  The company also announced a **MXN 200 million dividend** approved on October 21, 2024, marking its **23rd consecutive quarter of dividend payments**.  **[0001788257_2201139_5]**

BETTERWARE DE MEXICO, S.A.P.I. DE C.V (BWMX)