XML 21 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Profit (loss) before income tax $ 717,546 $ (100,905) $ (363,747)
Adjustments for:      
Depreciation of property, furniture, equipment and leasehold improvements (Note 10) 719,987 488,409 297,743
Depreciation of right-of-use assets (Note 11) 796,182 598,031 484,916
Amortization of intangible assets 2,430 2,655 2,395
Impairment of property and equipment (Note 10) 0 42,422  
Employee benefits 10,327 3,873 3,631
Interest payable on Promissory Notes and Convertible Notes (Notes 8 and 20) 82,588 619,779 615,592
Interest expense on lease liabilities (Note 16) 1,072,774 762,872 507,875
Interest on debt and bonus payable, and amortization of issuance costs 36,390 29,747 45,319
Loss related to modification and remeasurement of Promissory Notes (Note 20) 0 84,236  
Financial income (155,863) (26,069) (19,840)
Interests and commissions from credit lines 65,503    
Loss on termination of lease agreements 1,573    
Exchange rate fluctuation (490,428) (610,703) (285,990)
Share-based payments expense (Note 22) 523,143 384,566 303,789
Total Adjustments 3,382,152 2,278,913 1,591,683
Increase in inventories (680,887) (425,880) (528,363)
Increase in other current assets and guarantee deposits (418,646) (138,013) (233,823)
Increase in suppliers (including supplier finance arrangements) 1,709,786 1,735,897 1,496,811
Increase in other current liabilities 165,090 78,963 87,344
(Decrease) increase on bonus payable to related parties (20,648) (8,564) 10,688
Income taxes paid (388,310) (380,967) (308,005)
Net cash flows provided by operating activities 3,748,537 3,140,349 2,116,335
Investing activities      
Purchase of property, furniture, equipment and leasehold improvements (Notes 8 and 10) (2,435,695) (1,798,019) (1,122,877)
Sale of property and equipment (Notes 8 and 10) 1,877 3,776 2,646
Additions to intangible assets (2,449) (1,185) (2,805)
Short-term bank deposits (Note 7) (2,614,080)    
Interest received from settlement of derivative financial instruments 7,980    
Interest earned on short-term investments and bank deposits (Notes 7 and 20) 135,071 16,639 11,686
Net cash flows used in investing activities (4,907,296) (1,778,789) (1,111,350)
Financing activities      
Payments made on supplier finance arrangements-Net of commissions received (3,251,211) (2,074,890) (1,409,089)
Finance obtained through supplier finance arrangements 3,498,928 2,195,833 1,528,143
Proceeds from credit lines - net 0 99,618 82,527
Payment of principal of Promissory Notes (Notes 13 and 14) (1,974,787)    
Payment of accrued interests of Promissory Notes (Notes 13 and 14) (2,955,495)    
Payment of debt (208,679) (104,769) (360,107)
Interest payment on debt (94,734) (25,224) (41,859)
Proceeds from initial public offering, net of underwriting fees (Note 1) 7,841,837    
Initial Public Offering capitalized costs (23,269)    
Principal payments on lease liabilities (Note 16) (471,703) (423,388) (318,855)
Interest payments on leases (Note 16) (1,072,774) (762,872) (507,875)
Net cash flows obtained from (used in) financing activities 1,288,113 (1,095,692) (1,027,115)
Increase (decrease) in cash and cash equivalents 129,354 265,868 (22,130)
Effect of foreign exchange movements on cash balances 97,341 (30,373) 7,066
Cash and cash equivalents at beginning of year 1,220,471 984,976 1,000,040
Cash and cash equivalents at end of year $ 1,447,166 $ 1,220,471 $ 984,976