Betterware de Mexico Q4 Free Cash Flow Up 106%, Cuts MXN700M Debt and Acquires Tupperware Unit
Betterware de Mexico converted 83% of EBITDA into free cash flow, releasing MXN459M and driving 106% Q4 and 24.6% free cash flow gains on 1.2% revenue growth and an 18.7% EBITDA margin. The company cut MXN700M debt; agreed to acquire Tupperware’s Latin American unit for $250M; declared a MXN200M dividend.
1. Q4 Financial Performance
Betterware de Mexico converted more than 83% of EBITDA into free cash flow, releasing MXN459 million through inventory optimization. Free cash flow rose 106% in Q4 and 24.6% for the full year on 1.2% revenue growth and a Q4 EBITDA margin of 19% (18.7% for the year).
2. Balance Sheet and Dividend
Management reduced total debt by MXN700 million in 2025, lowering net leverage from 1.75x to 1.56x and maintaining robust liquidity. The company announced a MXN200 million dividend payment, marking its 24th consecutive quarterly payout and aligning with a 32% dividend-to-EBITDA ratio.
3. Tupperware Latin America Acquisition
The company agreed to acquire 100% of Tupperware’s Latin American business for $250 million (≈$215M cash and $35M shares), covering Mexico and Brazil operations. The transaction, expected to close in Q2 2026, is projected to be roughly 40% EPS accretive based on current management assumptions.