Integrated
Annual Report
2025
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Informe anual KUO 2025

2025
A YEAR IN WHICH
STRATEGIC DECISIONS
AND ENVIRONMENTAL CONDITIONS
CAME TOGETHER TO AMPLIFY
THE MOMENTUM THAT ALLOWED
US, ONCE AGAIN, TO CONSOLIDATE
OUR LEADERSHIP.

Informa anual KUO 2025
impulse

To reaffirm
our regionalization strategy

01

By strengthening
our presence
in key regions
and adapting
our capabilities
to respond
to the dynamics
of the industries
we serve.

Informa anual KUO 2025
Informa anual KUO 2025
Informa anual KUO 2025
impulse

To accelerate
the innovation
of our offering

02

By providing
higher value-added
solutions that
better meet
market needs.

Informa anual KUO 2025 keken
Informa anual KUO 2025 keken
Informa anual KUO 2025 keken
impulse

To embrace
our sustainability vision

03

By incorporating
sustainability
criteria into
the way we
make decisions
and manage
our business.

Informa anual KUO 2025 ESG
Informe anual KUO 2025
Informe anual KUO 2025
About
k
u
o

We are a leading diversified Mexican industrial conglomerate, with operations in more than 60 countries and a workforce of over 22,300 employees.

2
sectors
Consumer
Industrial
5
business units
Kekén, Herdez Del Fuerte and MegaMex Food Brands
Dynasol, Resirene and Tremec Brands
5
countries
Mexico
Spain
china
United States
Belgium
27
facilities

Message from the Chairman of
the Board and Chief Executive Officer

20

Carta de Directores
Dear Shareholders, Partners, Customers, and Collaborators:
On behalf of KUO’s Board of Directors and Management Team, we are pleased to share with you the results and strategic decisions that defined our performance during 2025.
Message from the Executive Chairman and CEO >

25

key figures

financial proforma information
Figures in Millions of Mexican Pesos1
  • Highlights are presented based on Proforma Combined Information, as a result of the financial information consolidation of all subsidiaries, including proportional consolidation in joint ventures. In accordance with IFRS 5 'Non-Current Assets Held for Sale and Discontinued Operations', the Aftermarket Business Net Income is presented as 'Discontinued Operation' in the Income Statement 2024.
  • EBITDA calculation is determined as follows: Proforma Operating Profit plus Proforma Depreciation and Amortization, including the period's cost for Proforma labor obligations.
  • Debt-Cash / Operating Cash Flow (EBITDA) for the last 12 months.
  • Operating Cash Flow (EBITDA) for the last 12 months / Net Interest Paid for the last 12 months.
  • Total Debt divided by Total Debt plus Total Equity.

* Non-material percentage related to service companies. Additionally, the 2025 figures include a non-recurring extraordinary item corresponding to the recognition of retained profit resulting from the formation of the Herdez del Fuerte joint venture.

KUO Sostenibilidad
Relevant

Non-financial

Figures 1
Social – Community
+6.9 mdp
social investment
+4% VS. 2024
+39,000
people benefited
+34% VS. 2024
  • Health
14
communities
supported with primary medical care
  • Culture and community participation
+36%
increase in investment VS. 2024
to strengthen the social fabric and foster community engagement
  • Education
+3,500
people received training
in trades, agriculture, and beekeeping
Implementation of formal channels for community dialogue
(committees, visits, suggestion boxes, and direct outreach).
Indigenous communities’ rights
Engagement strategy based on respect for local culture, language, and customs.
  1. Non-financial data presented in this section refers to companies in which KUO holds a 100% equity interest and is included in accordance with the scope, notes, and information contained in KUO’s Annual Report.
Cifras no financieras
Relevant

Non-financial

Figures 1
Environmental
-2%
reduction in water withdrawal
VS. 2024
-4%
REDUCTION IN ELECTRICITY CONSUMPTION
VS. 2024
Recycling programs, post-consumer collection, and environmental education.
Governance
2
specialized committees
supporting the Board regarding internal control, risk management, compliance, and Corporate Governance.
100%
of the board members serve on other boards
contributing a broad perspective and best market practices.
  1. Non-financial data presented in this section refers to companies in which KUO holds a 100% equity interest and is included in accordance with the scope, notes, and information contained in KUO’s Annual Report.