Consorcio ARA Revenue Rises 13% in Q2 as Margins Narrow

Consorcio ARA posted a 13% revenue increase in the second quarter to 3.8 billion pesos, the Mexican homebuilder said. Net income rose 16% to 450 million pesos from 388 million pesos a year earlier.

Gross margin narrowed to 28.9% from 30.5% in the same period of 2025. The company attributed the decline to higher raw-material and labor costs. Selling and administrative expenses were up 8% at 398 million pesos.

Total debt fell 6% from the prior quarter to 2.4 billion pesos. Cash stood at 1.1 billion pesos. Management guided for full-year capital spending of about 2.5 billion pesos, roughly in line with 2025.

The company delivered 2,739 homes during the quarter, up 13.5% from 2,413 a year earlier. The average selling price rose 4% to 1.1 million pesos per unit, driven by a shift toward higher-income segments in the Mexico City metropolitan area.

Alicia Enriquez, director of administration and finance, said on the earnings call that the company is seeing "healthy demand" from government-backed mortgage programs. Those programs accounted for about 60% of sales. The remainder came from cash buyers and private bank financing.

Consorcio ARA shares trade over the counter under the ticker CNRFF.