Cox Asset México quarterly financial results after Iberdrola México asset integration, Digi Mart USA News: Cox Asset México reported a net loss attributable to its parent company of $20.6 million for the third quarter ended September 30, 2026. The results reflect five months of consolidated operations since the company completed its acquisition of the Iberdrola subsidiary on April 24, 2026.
Despite the negative net result, driven by financing costs of $163 million tied to the acquisition debt, including bonds, a bridge loan and term loans, and a tax expense of $36 million, the company recorded consolidated revenue of $1,265.4 million. It also reported EBITDA of $276.9 million and EBIT of $185.1 million.
On a comparable pro forma basis for the first nine months, total revenue reached $2,000.6 million. Adjusted pro forma EBITDA rose 15% to $493.5 million, with a margin of 37%.
Electricity self-generation increased 13% to 9.8 TWh, and plant availability was 95.1%.
In September, the company issued $800 million in perpetual hybrid bonds, which allowed it to cancel $733 million in liabilities. That reduced financial leverage from 4.3 times to 2.6 times adjusted EBITDA.
The commercial portfolio remained stable, with a contract renewal rate of 99%, delinquency below 0.2% and customer supply growth of 5% to 14.3 TWh. Cash closed the period at $348 million, with operating cash flow of $179.4 million.
The company stated it has no amortization obligations on its senior bonds until 2032.
