Home Latest News CFE announces losses for $ 1369 million in 2024

CFE announces losses for $ 1369 million in 2024

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A Federal Electricity Commission (CFE) On Thursday, he announced that he had lost 271 thousand 574 million pesos at the closing of 2024, according to his annual proven financial statements, a double number compared with 124 thousand 444 million pesos at the end of February last year.

The result contrasts with pure advantages for 96 191 million pesos registered in 2023.

“The pure result was negative for 271 thousand 574 million pesos, mainly from the same two fundamental factors: the effect of the exchange rate on lease, recognized in accordance with international accounting standards (IFRS) and the impact on the CFE tax regime,” the commission said.

The essence recalled that as of November 1, 2024, CFE became State state company And changed the tax regime of section II to section III.

“This amendment in the law led to the influence on a pure result by canceling the deposited ISR by 174 thousand 954 million pesos. It is important to note that these provisions of accounting also do not affect the cash flow of the company, ”the commission added.

CFE income and operating costs

Despite clean losses, The total income CFE increased by 4.3% compared to 2023, When reaching 667 thousand 244 million pesos, due to a large number of users and adjusting the stations from inflation.

At the end of December 2024 The company filed 49 million customers, which represented an increase of 1.7% compared to 2023.

CFE said that as a result of high demand for electricity in Mexico, Energy sales increased by 4.1%, In which the internal and commercial sectors stood out, increasing by 7.6% and 5.1%, respectively.

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On the contrary, at the end of 2024, 510 thousand 206 million pesos added maintenance costs, which means a decrease by 0.7% compared to the same period of the previous year, The commission indicated.

A CFE He allocated the cost of energy, which was reduced by 11.7% as a result, mainly, a drop in fuel prices, especially natural gas, which on average cost 24% less than in the previous year.

The state also indicated that the increase in the income of the company, as well as a decrease in operating costs, led to an improvement in 24.4% in Operating utility, When reaching 157 thousand 038 million pesos in 2024, the highest level in its history.

This is due to the indicator Esse (Benefits to interest, taxes, depreciation and depreciation)which measures the capacity of the company’s cash flow from operations, which was 245 thousand 280 million pesos, which means an increase of 20.5% compared to the same period of 2023, said CFE

With information EFE.

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