Mexico City, Mexico — The Federal Electricity Commission (CFE) says total revenues during the first quarter of 2025 grew by 11.7 percent. On Wednesday, the CFE presented its financial statements for the first quarter of 2025.
In their statement, the Comisión Federal de Electricidad (CFE) reported total revenues of 164.99 billion pesos (mdp), representing an 11.7 percent increase compared to the same period in 2024.
The Operating Income of 14,045 million pesos contained the incremental effects of international energy and fuel prices. Energy sales revenue increased 2.1 percent with the domestic and commercial sectors showing strong growth of 11.3 percent and 6.9 percent respectively.
Also notable was the increase in revenue from fuel sales and energy transportation, which doubled in the first quarter of 2025 compared to the same period in 2024.
Operating costs in the first quarter of 2025 were 32.2 percent higher than the same period last year due to market fluctuations in international fuel prices, particularly natural gas, whose average price increased by 60 percent last year.
The company’s hedging of daily consumption of this input helped mitigate the impact on costs. CFE’s high revenue levels enabled it to cope with fluctuations in international fuel and energy prices, resulting in operating profits of 14.045 billion pesos. EBITDA reached 36.781 billion pesos, representing a 22.3 percent margin over total revenues.
Net income reported after financing costs and taxes from subsidiaries was 16.09 billion pesos, primarily due to fuel volatility.
Regarding the Statement of Financial Position, the total value of CFE’s assets stood at 2,655,447 million pesos, with an increase of 13.2 percent mainly due to the effects of consolidation in Productive Company such as: i) higher levels of cash and equivalents by 6,211 million pesos, ii) increases due to the effects of recognition of intangible assets by 5,806 million pesos, and iii) revaluations for right assets and other asset items by 7,576 million pesos.
Liabilities remained constant compared to the end of fiscal year 2024, with a marginal increase of 0.5 percent, maintaining manageable debt levels and an active policy of refinancing long-term obligations in response to the requirements arising from the 2025-2030 Expansion Plan.
The operating results and cash flow generation capacity in volatile scenarios position CFE as the leading public company in the transformation required to meet the growing demand for electricity with a social and well-being focus for end users.
