BMA
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 0.02 | 0.00 | 0.02 | 0.02 |
| Price to Sales | 0.00 | 0.00 | 0.00 | 0.00 |
| Book Value Per Common Share | 6332.50 | 6941.69 | 2464.80 | 721.31 |
| Price to Book | 0.02 | 0.00 | 0.01 | 0.02 |
| Price to Operating Cash Flow | 0.00 | -0.01 | 0.00 | 0.00 |
| Price to Free Cash Flow | 0.00 | -0.01 | 0.00 | 0.00 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -0.08 | 0.03 | 0.11 | 0.03 | |
| Price to Sales | 0.00 | 0.00 | 0.01 | 0.06 | 0.00 |
| Book Value Per Common Share | 7439.45 | 7062.36 | 6942.51 | 6332.50 | 5797.59 |
| Price to Book | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Price to Operating Cash Flow | 0.01 | -0.01 | -0.01 | -0.12 | 0.00 |
| Price to Free Cash Flow | 0.01 | -0.01 | -0.01 | -0.11 | 0.00 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -44.58 | 1264.60 | 0.00 | |
| Revenue YoY | -26.39 | 87.26 | 190.91 | |
| EBITDA YoY | ||||
| Net Profit YoY | -74.32 | 358.47 | 99.25 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 232.53 | ||||
| Revenue YoY | -14.47 | 25.55 | -25.41 | 1.37 | |
| EBITDA YoY | |||||
| Net Profit YoY | 232.53 | -65.64 | 9.01 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | ||||
| Quick Ratio | ||||
| Current Ratio | ||||
| Debt to Equity | 2.58 | 2.30 | 3.08 | 3.17 |
| Long-Term Debt to Equity |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | |||||
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 3.32 | 3.08 | 2.63 | 2.58 | 2.91 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 2.25 | 8.66 | 4.25 | 7.13 |
| ROE | 8.04 | 28.55 | 17.33 | 29.72 |
| Gross Margin | ||||
| Operating Margin | ||||
| EBITDA Margin | ||||
| Net Profit Margin | 7.20 | 20.63 | 8.43 | 12.31 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -0.16 | 0.81 | 0.28 | 0.90 | 0.84 |
| ROE | -0.70 | 3.30 | 1.01 | 3.22 | 3.29 |
| Gross Margin | |||||
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | -3.80 | 14.65 | 5.53 | 12.01 | 11.17 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.08 | 0.00 | 0.12 | |
| Dividend Payout Ratio | 143.45 | 0.03 | 46.84 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.04 | 0.01 | 0.05 | ||
| Dividend Payout Ratio | -331.44 | 26.59 | 177.00 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 14,492,424,831.00 | 14,629,820,194.00 | 6,508,793,934.00 | 1,946,567,225.00 |
| Cash and Short-Term Investments | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 2,776,111,551.00 | 2,694,676,614.00 | 778,796,544.00 | 335,692,114.00 |
| Short-Term Investments | 438,703,737.00 | 635,193,334.00 | 429,468,486.00 | 0 |
| Net Receivables | 1,035,235,485.00 | 862,280,965.00 | 352,486,724.00 | 123,402,984.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 788,293,011.00 | 776,953,158.00 | 317,211,464.00 | 102,991,484.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 147,475,912.00 | 163,694,286.00 | 54,308,754.00 | 16,370,965.00 |
| Long-Term Investments | 4,168,923,788.00 | 4,970,355,400.00 | 3,069,318,292.00 | 668,690,268.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Liabilities | 10,441,712,229.00 | 10,190,197,315.00 | 4,913,674,060.00 | 1,479,769,834.00 |
| Payables and Expenses | 1,048,575,926.00 | 1,441,661,304.00 | 507,945,529.00 | 201,060,694.00 |
| Account Payables | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 26,624,629.00 | 37,923,585.00 | 0 | 0 |
| Short-Term Debt | 6,369,176.00 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Long-Term Debt | 440,084,667.00 | 863,390,527.00 | 239,194,239.00 | 90,355,106.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Equity | 4,050,712,602.00 | 4,439,622,879.00 | 1,595,119,874.00 | 466,797,391.00 |
| Shareholders Equity | 4,049,083,078.00 | 4,438,608,347.00 | 1,594,856,139.00 | 466,723,603.00 |
| Capital Stock | 639,413.00 | 639,413.00 | 639,413.00 | 639,413.00 |
| Share Premium | 12,429,781.00 | 12,429,781.00 | 12,429,781.00 | 12,429,781.00 |
| Retained Earnings | -521,635,019.00 | 431,634,577.00 | -249,980,896.00 | -85,721,104.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 3,306,954,964.00 | 2,743,210,637.00 | 1,264,499,929.00 | 366,085,407.00 |
| Minority Interest | 1,629,524.00 | 1,014,532.00 | 263,735.00 | 73,788.00 |
| Debt | 446,453,843.00 | 863,390,527.00 | 239,194,239.00 | 90,355,106.00 |
| Common Shares Outstanding | 639,413.41 | 639,413.41 | 647,052.57 | 647,052.57 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 4,521,612,358.00 | 6,142,456,963.00 | 3,280,116,837.00 | 1,127,532,034.00 |
| Interest Income | 3,551,436,300.00 | 5,350,326,542.00 | 4,169,461,568.00 | 1,374,260,332.00 |
| Interest Expense | 1,942,626,045.00 | 3,551,223,690.00 | 2,090,993,994.00 | 574,163,457.00 |
| Non-Interest Expense | 1,601,975,816.00 | 1,553,089,700.00 | 1,214,887,875.00 | 526,908,733.00 |
| Selling, General and Administrative Expenses | 1,016,800,187.00 | 923,473,858.00 | 764,439,596.00 | 350,721,378.00 |
| Net Non-Operating Income | -2,359,350,148.00 | -2,850,305,910.00 | -1,551,819,047.00 | -402,701,777.00 |
| EBT | 360,014,620.00 | 1,883,015,098.00 | 401,071,593.00 | 145,943,999.00 |
| Income Tax | 33,523,388.00 | 614,792,593.00 | 124,572,053.00 | 7,194,479.00 |
| Net Income Including Non-Controlling Interests | 326,491,232.00 | 1,268,222,505.00 | 276,499,540.00 | 138,749,520.00 |
| Net Income Non-Controlling Interests | -989,125.00 | -763,793.00 | -48,042.00 | -4,534.00 |
| Net Income | 325,502,107.00 | 1,267,458,712.00 | 276,451,498.00 | 138,744,986.00 |
| Deprecation and Amortization | 138,140,500.00 | 126,517,980.00 | 103,405,915.00 | 43,224,593.00 |
| EPS | 5.09 | 9.19 | 0.67 | 0.67 |
| Diluted EPS | 5.09 | 9.19 | 0.67 | 0.67 |
| Average Shares Outstanding Basic | 63,941.30 | 63,941.30 | 63,941.30 | 63,900.00 |
| Average Shares Outstanding Diluted | 63,941.30 | 63,941.30 | 63,941.30 | 63,900.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 2,002,138,248.00 | -185,597,941.00 | 3,510,892,401.00 | 271,768,205.00 |
| Operating Net Income | 360,014,620.00 | 1,883,015,098.00 | 401,071,593.00 | 145,943,999.00 |
| Deprecation and Amortization | 138,140,500.00 | 126,517,980.00 | 103,405,915.00 | 43,224,593.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | 956,095,910.00 | -4,219,097,369.00 | 1,009,662,599.00 | -456,145,860.00 |
| Other Operating Activities | 547,887,218.00 | 2,023,966,350.00 | 1,996,752,294.00 | 538,745,473.00 |
| Investing Cash Flow | -133,689,800.00 | 177,091,497.00 | -164,991,253.00 | -42,026,069.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -124,516,286.00 | -124,284,578.00 | -164,965,355.00 | -41,809,798.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | -8,526,251.00 | -47,813,256.00 | 0 | -216,271.00 |
| Other Investing Activities | -647,263.00 | 349,189,331.00 | 0 | 0.00 |
| Financing Cash Flow | -592,027,195.00 | -123,949.00 | -169,389,548.00 | -52,643,530.00 |
| Net Issuance/Repayment of Debt | -116,742,621.00 | 8,837,517.00 | -32,867,255.00 | -47,908,004.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 |
| Dividends Paid | -466,940,836.00 | -391,293.00 | -129,487,826.00 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 |
| Net Change in Cash | 1,276,421,253.00 | -8,630,393.00 | 3,176,511,600.00 | 177,098,606.00 |
| Cash at Beginning of Period | 3,014,889,105.00 | 5,085,503,499.00 | 4,094,064,152.00 | 2,413,599,952.00 |
| Cash at End of Period | 2,863,521,255.00 | 3,014,889,105.00 | 5,085,503,499.00 | 1,880,049,576.00 |
| Free Cash Flow | 1,877,621,962.00 | -309,882,519.00 | 3,345,927,046.00 | 229,958,407.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 20,562,862,688.00 | 18,457,043,362.00 | 16,144,043,071.00 | 14,492,424,831.00 | 14,237,764,056.00 |
| Cash and Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 3,367,816,300.00 | 2,578,019,213.00 | 2,240,854,310.00 | 2,776,111,551.00 | 3,531,975,204.00 |
| Short-Term Investments | 113,386,848.00 | 285,411,872.00 | 355,522,177.00 | 438,703,737.00 | 376,481,893.00 |
| Net Receivables | 638,731,239.00 | 538,559,156.00 | 498,685,344.00 | 1,035,235,485.00 | 1,042,656,100.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 966,038,934.00 | 911,128,977.00 | 856,881,384.00 | 788,293,011.00 | 730,952,992.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 173,240,066.00 | 168,020,048.00 | 160,927,410.00 | 147,475,912.00 | 140,642,680.00 |
| Long-Term Investments | 4,769,655,274.00 | 4,770,441,144.00 | 4,455,222,761.00 | 4,168,923,788.00 | 4,058,701,187.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 15,802,880,360.00 | 13,938,384,479.00 | 11,701,810,246.00 | 10,441,712,229.00 | 10,595,004,451.00 |
| Payables and Expenses | 1,740,825,003.00 | 1,722,811,196.00 | 1,152,719,229.00 | 1,048,575,926.00 | 1,741,815,720.00 |
| Account Payables | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 168,867,122.00 | 0 | 96,355,259.00 | 26,624,629.00 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 6,369,176.00 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 1,305,533,699.00 | 982,949,845.00 | 474,257,379.00 | 440,084,667.00 | 478,643,429.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 4,759,982,328.00 | 4,518,658,883.00 | 4,442,232,825.00 | 4,050,712,602.00 | 3,642,759,605.00 |
| Shareholders Equity | 4,756,885,134.00 | 4,515,765,900.00 | 4,439,132,964.00 | 4,049,083,078.00 | 3,641,918,324.00 |
| Capital Stock | 639,413.00 | 639,413.00 | 639,413.00 | 639,413.00 | 639,413.00 |
| Share Premium | 12,429,781.00 | 12,429,781.00 | 12,429,781.00 | 12,429,781.00 | 12,429,781.00 |
| Retained Earnings | 176,202,385.00 | 197,511,227.00 | 385,880,346.00 | -521,635,019.00 | 196,360,105.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 3,039,318,283.00 | 2,863,701,830.00 | 2,681,196,177.00 | 3,306,954,964.00 | 2,275,709,218.00 |
| Minority Interest | 3,097,194.00 | 2,892,983.00 | 3,099,861.00 | 1,629,524.00 | 841,281.00 |
| Debt | 1,305,533,699.00 | 982,949,845.00 | 474,257,379.00 | 446,453,843.00 | 478,643,429.00 |
| Common Shares Outstanding | 639,413.41 | 639,413.41 | 639,413.41 | 639,413.41 | 628,177.74 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 870,501,370.00 | 1,017,770,271.00 | 810,663,790.00 | 1,086,773,191.00 | 1,072,090,925.00 | 0 |
| Interest Income | 1,224,996,169.00 | 1,093,764,719.00 | 854,319,744.00 | 1,028,208,411.00 | 1,136,192,090.00 | 0 |
| Interest Expense | 547,150,102.00 | 392,368,335.00 | 288,910,730.00 | 412,929,706.00 | 393,373,145.00 | 0 |
| Non-Interest Expense | 516,157,786.00 | 0 | 389,079,524.00 | 0 | 482,025,643.00 | 0 |
| Selling, General and Administrative Expenses | 323,134,321.00 | 270,913,021.00 | 248,635,291.00 | 309,401,784.00 | 315,993,794.00 | 0 |
| Net Non-Operating Income | -203,078,596.00 | -203,936,999.00 | -267,133,801.00 | -374,809,251.00 | -374,052,749.00 | 0 |
| EBT | -38,028,568.00 | 245,321,539.00 | 80,153,664.00 | 168,220,661.00 | 159,221,773.00 | 0 |
| Income Tax | -4,963,274.00 | 95,781,086.00 | 34,453,755.00 | 37,437,861.00 | 38,899,482.00 | 0 |
| Net Income Including Non-Controlling Interests | -33,065,294.00 | 149,540,453.00 | 45,699,909.00 | 130,782,800.00 | 120,322,291.00 | 0 |
| Net Income Non-Controlling Interests | -31,550.00 | -403,548.00 | -850,124.00 | -260,651.00 | -590,299.00 | 0 |
| Net Income | -33,096,844.00 | 149,136,905.00 | 44,849,785.00 | 130,522,149.00 | 119,731,992.00 | 0 |
| Deprecation and Amortization | 46,471,072.00 | 41,411,311.00 | 37,093,563.00 | 44,975,387.00 | 44,966,812.00 | 0 |
| EPS | -0.52 | 2.33 | 0.70 | 0 | 1.87 | -4.95 |
| Diluted EPS | -0.52 | 2.33 | 0.70 | 0 | 1.87 | -4.95 |
| Average Shares Outstanding Basic | 63,941.30 | 63,941.30 | 63,941.30 | 0 | 63,941.30 | 63,941.30 |
| Average Shares Outstanding Diluted | 63,941.30 | 63,941.30 | 63,941.30 | 0 | 63,941.30 | 63,941.30 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 515,682,428.00 | -472,527,820.00 | -431,317,093.00 | -507,537,281.00 | 2,459,092,370.00 |
| Operating Net Income | -18,315,702.00 | 250,140,858.00 | 80,153,664.00 | 168,220,661.00 | 165,278,112.00 |
| Deprecation and Amortization | 46,471,072.00 | 41,411,311.00 | 37,093,563.00 | 44,975,387.00 | 44,966,812.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 290,173,494.00 | -977,427,900.00 | -746,759,004.00 | -944,385,720.00 | 2,292,606,658.00 |
| Other Operating Activities | 197,353,564.00 | 213,347,911.00 | 198,194,684.00 | 223,652,391.00 | -43,759,212.00 |
| Investing Cash Flow | -45,194,597.00 | -37,701,137.00 | -36,298,204.00 | -46,738,854.00 | -44,312,111.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -45,194,597.00 | -37,701,137.00 | -36,298,204.00 | -38,164,503.00 | -44,267,649.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | -8,574,351.00 | -44,462.00 |
| Financing Cash Flow | 120,847,071.00 | 421,939,186.00 | -440,300.00 | -110,668,150.00 | -217,177,622.00 |
| Net Issuance/Repayment of Debt | 235,680,489.00 | 458,592,095.00 | 2,306,634.00 | -73,644,755.00 | -1,574,974.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -109,696,886.00 | 0 | 0 | -34,699,812.00 | -211,927,177.00 |
| Other Financing Activities | -5,136,532.00 | 0 | 0 | -2,323,583.00 | -3,675,471.00 |
| Net Change in Cash | 591,334,902.00 | -88,289,771.00 | -468,055,597.00 | -664,944,285.00 | 2,197,602,637.00 |
| Cash at Beginning of Period | 2,606,752,080.00 | 2,495,624,346.00 | 3,108,899,666.00 | 3,513,810,249.00 | 2,343,306,804.00 |
| Cash at End of Period | 3,481,404,304.00 | 2,606,752,080.00 | 2,495,624,346.00 | 2,863,521,255.00 | 4,629,710,544.00 |
| Free Cash Flow | 470,487,831.00 | -510,228,957.00 | -467,615,297.00 | -545,701,784.00 | 2,414,824,721.00 |