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Consolidated statements of Cash Flows - MXN ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities          
Profit (loss) before income tax $ 621,026 $ (17,666) $ (100,905) $ (363,747) $ (724,862)
Adjustments for:          
Depreciation of property, furniture, equipment, and lease-hold improvements (Note 6) 468,985 334,184 488,409 297,743 212,829
Depreciation of right-of-use assets (Note 7) 481,244 421,872 598,031 484,916 315,358
Amortization of intangible assets 1,857 1,990 2,655 2,395 1,967
Impairment of property and equipment (Note 9) 16,354   42,422    
Employee benefits 5,999 0 3,873 3,631 6,016
Interest payable on Promissory Notes and Convertible Notes (Note 5) 82,588 459,621      
Interest payable on Promissory Notes (Note 7)     619,779 615,592 537,411
Interest expense on lease liabilities (Note 11) 757,618 526,566 762,872 507,875 440,678
Interest on debt and bonus payable and amortization of issuance costs 29,471 21,676      
Other financial income (102,214) (20,510)      
Gain on fair value of derivative financial instrument (Note 8) (7,287) 0      
Interests and commissions from credit lines 54,378 0      
Gain on termination of lease agreements (387) 0      
Interest on debt and bonus payable to related parties     29,747 45,319 26,446
Loss related to modification and remeasurement of Promissory Notes (Note 19)     84,236    
Finance income (109,501) (20,510) (26,069) (19,840) (7,988)
Exchange rate fluctuation (385,335) (469,030) (610,703) (285,990) 125,221
Share-based payments expense (Note 17) 396,054 302,438 384,566 303,789 142,123
Total Adjustments 2,403,997 1,561,141 2,278,913 1,591,683 1,075,198
Increase in inventories (167,146) (259,525) (425,880) (528,363) (432,158)
Increase in other current assets and guarantee deposits (446,657) (150,082) (138,013) (233,823) (149,886)
Increase in suppliers (including supplier finance arrangements) 728,969 1,013,497 1,735,897 1,496,811 831,386
Increase (decrease) in other current liabilities 248,169 68,147 78,963 87,344 64,405
Increase (decrease) on bonus payable to related parties (Note 9) (79,351) 11,412 (8,564) 10,688 49,120
Income taxes paid (309,773) (301,751) (380,967) (308,005) (71,757)
Net cash flows provided by operating activities 2,378,208 1,942,839 3,140,349 2,116,335 1,366,308
Investing activities          
Purchase of property, furniture, equipment, and lease-hold improvements (1,642,397) (940,202) (1,798,019) (1,122,877) (532,173)
Sale of property and equipment (Note 6) 1,856 2,454 3,776 2,646 2,572
Additions to intangible assets (1,880) (799) (1,185) (2,805) (1,860)
Short-term bank deposits (Note 8) (2,621,393)        
Interest received on short-term investments 91,966 37,354 16,639 11,686 7,381
Net cash flows used in investing activities (4,171,848) (901,193) (1,778,789) (1,111,350) (524,080)
Financing activities          
Payments made on reverse factoring transactions-net of commissions received (Note 5) (2,266,340) (1,320,996) (2,074,890) (1,409,089) (104,846)
Finance obtained through supplier finance arrangements (Note 5) 2,385,967 1,334,506 2,195,833 1,528,143 332,889
Proceeds from Promissory Notes         149,411
Proceeds from Santander and HSBC credit line 58,806 300,314 99,618 82,527  
Payment of debt (Note 5) (107,557) (463,437) (104,769) (360,107) (205,894)
Interest payment on debt (Note 5) (76,691) (18,077) (25,224) (41,859) (23,369)
Lease payments (Note 11) (1,139,828) (859,684) (1,186,260) (826,730) (598,432)
Payment of principal of Promissory Notes (Notes 5 and 9) (1,969,602) 0      
Payment of accrued Interests of Promissory Notes (Notes 5 and 9) (2,955,495) 0      
Proceeds from initial public offering, net of underwriting fees (Note 1) 7,841,837 0      
Initial public offering costs (23,269) 0      
Net cash flows obtained from (used in) financing activities 1,747,828 (1,027,374) (1,095,692) (1,027,115) (450,241)
Net (decrease) increase in cash and cash equivalents (45,812) 14,272 265,868 (22,130) 391,987
Effect of foreign exchange movements on cash balances 94,243 1,835 (30,373) 7,066 (1,963)
Cash and cash equivalents at beginning of period 1,220,471 984,976 984,976 1,000,040 610,016
Cash and cash equivalents at end of period $ 1,268,902 $ 1,001,083 $ 1,220,471 $ 984,976 $ 1,000,040