NASDAQ : MRNO
Murano Global Investments Plc — Financial statements
Real Estate · Real Estate - Development · United Kingdom
Last price 0.207 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.99M
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Financial statements
Murano Global Investments Plc (MRNO) reported revenue of 1.14B MXN (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.14B | 1.14B | 729.95M | 286.65M | 6.43M | 1.53M |
| Cost of Revenue | 685.54M | 685.54M | 476.69M | 219.00M | 65.33M | 18.98M |
| Gross Profit | 455.00M | 455.00M | 253.26M | 67.65M | -58.90M | -17.45M |
| Selling, General & Admin | 489.53M | 489.53M | 525.39M | 227.52M | 134.33M | 67.95M |
| Other Operating Expenses | 10.14M | 10.14M | 12.44M | 10.06M | 15.61M | 6.58M |
| Operating Expenses | 788.11M | 788.11M | 857.60M | 373.08M | 151.74M | 74.53M |
| Operating Income | -333.11M | -333.11M | -604.34M | -305.43M | -210.64M | -91.98M |
| Interest Expense | -1.47B | -1.47B | -797.02M | -303.75M | -86.49M | 25.32M |
| Interest & Investment Income | 14.40M | 14.40M | 34.94M | 8.85M | 555.64K | 851.18K |
| Currency Exchange Gain (Loss) | 1.35B | 1.35B | -1.49B | 768.70M | 276.75M | 306.29K |
| Other Non Operating Income (Expenses) | 142.39M | 142.39M | -1.03B | -77.65M | 196.61M | 19.47M |
| EBT Excluding Unusual Items | -287.00M | -287.00M | -3.89B | 90.71M | 176.79M | -46.03M |
| Gain (Loss) on Sale of Assets | 157.03M | 100.00 | 203.91K | 25.86K | ||
| Asset Writedown | 75.00M | 75.00M | 239.51M | -86.60M | 298.09M | 60.91M |
| Other Unusual Items | -73.28M | -73.28M | -14.55M | |||
| Pretax Income | -285.28M | -285.28M | -3.50B | 5.66M | 475.09M | 350.55K |
| Income Tax Expense | -2.90M | -2.90M | 72.68M | -52.13M | 230.71M | 105.86M |
| Net Income | -282.38M | -282.38M | -3.57B | 57.79M | 244.38M | -105.51M |
| Net Income to Common | -282.38M | -282.38M | -3.57B | 57.79M | 244.38M | -105.51M |
| Shares Outstanding (Basic) | 79.49M | 79.49M | 77.06M | 69.10M | 69.10M | |
| Shares Outstanding (Diluted) | 79.49M | 79.49M | 77.06M | 69.10M | 69.10M | |
| EPS (Basic) | -3.55 | -3.55 | -46.30 | 0.84 | 3.54 | |
| EPS (Diluted) | -3.55 | -3.55 | -46.30 | 0.84 | 3.54 | |
| Free Cash Flow | -189.79M | -189.79M | -1.39B | -1.38B | -1.80B | -1.03B |
| Free Cash Flow Per Share | -2.39 | -2.39 | -18.09 | -19.98 | -26.03 | |
| Gross Margin | 39.89% | 39.89% | 34.70% | 23.60% | ||
| Operating Margin | -29.21% | -29.21% | -82.79% | -106.55% | -3,275.36% | -6,015.59% |
| Profit Margin | -24.76% | -24.76% | -488.79% | 20.16% | 3,799.98% | -6,900.20% |
| Free Cash Flow Margin | -16.64% | -16.64% | -191.01% | -481.68% | -27,971.99% | -67,423.90% |
| EBITDA | -95.45M | -95.45M | -332.81M | -176.72M | -209.37M | -90.41M |
| EBITDA Margin | -8.37% | -8.37% | -45.59% | -61.65% | ||
| D&A For EBITDA | 237.65M | 237.65M | 271.53M | 128.72M | 1.27M | 1.57M |
| EBIT | -333.11M | -333.11M | -604.34M | -305.43M | -210.64M | -91.98M |
| EBIT Margin | -29.21% | -29.21% | -82.79% | -106.55% | ||
| Effective Tax Rate | 48.56% | 30,197.62% | ||||
| Advertising Expenses | 48.72M | 48.72M | 53.06M | 7.33M | 9.81M | 2.66M |
Balance sheet
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.34M | 1.34M | 1.66M | 993.68K | 434.44K | 81.55K |
| Short-Term Investments | 272.29M | 272.29M | 586.26M | 80.26M | 215.26M | 138.46M |
| Cash & Short-Term Investments | 273.63M | 273.63M | 587.93M | 81.26M | 215.70M | 138.54M |
| Accounts Receivable | 81.70M | 81.70M | 64.51M | 16.83M | ||
| Other Receivables | 447.01M | 447.01M | 404.94M | 270.42M | 254.18M | 186.67M |
| Receivables | 528.71M | 528.71M | 469.46M | 430.80M | 254.18M | 186.67M |
| Inventory | 15.77M | 15.77M | 11.46M | 1.42M | 1.91M | |
| Prepaid Expenses | 15.02M | 15.02M | 41.51M | 18.79M | 22.90M | 24.97M |
| Restricted Cash | 114.44K | 114.44K | 382.49M | 65.11M | 25.06M | 44.90M |
| Other Current Assets | 2.26B | 2.26B | ||||
| Total Current Assets | 3.10B | 3.10B | 1.49B | 597.38M | 519.74M | 395.07M |
| Property, Plant & Equipment | 12.96B | 12.96B | 19.02B | 17.64B | 16.88B | 9.44B |
| Long-Term Investments | 116.92M | 192.79M | ||||
| Other Long-Term Assets | 1.44B | 1.44B | 1.36B | 1.12B | 1.21B | 909.27M |
| Total Assets | 17.50B | 17.50B | 21.87B | 19.47B | 18.80B | 10.74B |
| Accounts Payable | 674.66M | 674.66M | 629.58M | 399.16M | 124.59M | 113.18M |
| Accrued Expenses | 1.92M | 1.92M | 2.60M | 2.24M | 2.14M | 752.07K |
| Current Portion of Long-Term Debt | 10.82B | 10.82B | 3.60B | 2.17B | 3.86B | 187.52M |
| Current Portion of Leases | 173.91M | 173.91M | 46.05M | 30.01M | 387.62K | 576.04K |
| Current Income Taxes Payable | 6.99M | 6.99M | 10.67M | 12.14M | 18.74M | 1.47M |
| Current Unearned Revenue | 195.15M | 195.15M | 23.46M | |||
| Other Current Liabilities | 53.86M | 53.86M | 50.08M | 11.76M | 59.44M | 110.08M |
| Total Current Liabilities | 11.93B | 11.93B | 4.36B | 2.63B | 4.07B | 413.57M |
| Long-Term Debt | 95.87M | 95.87M | 7.77B | 4.73B | 1.97B | 3.62B |
| Long-Term Leases | 7.65M | 7.65M | 160.66M | 177.95M | 236.57K | 584.84K |
| Pension & Post-Retirement Benefits | 11.86M | 11.86M | 10.18M | 8.77M | 6.65M | 3.42M |
| Long-Term Deferred Tax Liabilities | 3.06B | 3.06B | 4.20B | 4.03B | 4.35B | 2.33B |
| Other Long-Term Liabilities | 89.89M | 89.89M | 162.14M | 62.50M | 135.57M | |
| Total Liabilities | 15.19B | 15.19B | 16.66B | 11.64B | 10.40B | 6.50B |
| Common Stock | 951.77M | 951.77M | 925.80M | 902.61M | 902.61M | 1.20B |
| Additional Paid-In Capital | 723.61M | 723.61M | 708.95M | |||
| Retained Earnings | -5.05B | -5.05B | -4.77B | -1.18B | -1.24B | -1.49B |
| Comprehensive Income & Other | 5.68B | 5.68B | 8.34B | 8.11B | 8.74B | 4.53B |
| Shareholders' Equity | 2.31B | 2.31B | 5.21B | 7.83B | 8.40B | 4.25B |
| Total Liabilities & Equity | 17.50B | 17.50B | 21.87B | 19.47B | 18.80B | 10.74B |
| Total Debt | 11.10B | 11.10B | 11.58B | 7.11B | 5.84B | 3.80B |
| Net Cash (Debt) | -10.83B | -10.83B | -10.99B | -7.03B | -5.62B | -3.67B |
| Net Cash Per Share | -136.19 | -136.19 | -142.58 | -101.73 | -81.37 | |
| Filing Date Shares Outstanding | 82.08M | 82.08M | 79.31M | 79.24M | 69.10M | |
| Total Common Shares Outstanding | 79.72M | 79.72M | 79.31M | 79.24M | 69.10M | |
| Working Capital | -8.83B | -8.83B | -2.87B | -2.03B | -3.55B | -18.50M |
| Book Value Per Share | 28.94 | 28.94 | 65.65 | 98.86 | ||
| Tangible Book Value | 2.31B | 2.31B | 5.21B | 7.83B | 8.40B | 4.25B |
| Tangible Book Value Per Share | 28.94 | 28.94 | 65.65 | 98.86 | ||
| Land | 5.21B | 5.21B | 9.48B | 7.95B | 7.79B | 6.63B |
| Buildings | 5.50B | 5.50B | 5.70B | 2.92B | ||
| Machinery | 564.35M | 564.35M | 574.67M | 190.53M | 18.85M | 17.47M |
| Construction In Progress | 2.18B | 2.18B | 3.47B | 6.51B | 9.08B | 2.80B |
Cash flow statement
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -282.38M | -282.38M | -3.57B | 57.79M | 244.38M | -105.51M |
| Depreciation & Amortization | 288.30M | 288.30M | 319.77M | 135.50M | 1.81M | 2.11M |
| Other Amortization | 30.29M | 30.29M | 66.39M | 8.11M | 3.88M | 3.30M |
| Loss (Gain) From Sale of Assets | -157.03M | 6.66M | ||||
| Asset Writedown & Restructuring Costs | -75.00M | -75.00M | -239.51M | 86.60M | -298.09M | -60.91M |
| Loss (Gain) From Sale of Investments | 43.35M | 75.87M | ||||
| Other Operating Activities | -44.16M | -44.16M | 3.36B | -515.81M | -165.35M | 162.55M |
| Change in Accounts Receivable | -17.18M | -17.18M | -47.68M | -16.83M | ||
| Change in Inventory | -4.31M | -4.31M | -10.05M | 496.92K | -1.91M | |
| Change in Accounts Payable | 218.80M | 218.80M | 266.77M | 275.49M | 25.28M | -63.04M |
| Change in Other Net Operating Assets | -21.51M | -21.51M | -133.48M | 51.34M | -85.50M | -122.48M |
| Operating Cash Flow | 92.85M | 92.85M | -94.81M | 165.21M | -275.51M | -183.98M |
| Capital Expenditures | -282.64M | -282.64M | -1.30B | -1.55B | -1.52B | -846.97M |
| Sale of Property, Plant & Equipment | 11.00 | 11.00 | 157.03M | 295.35K | ||
| Sale (Purchase) of Real Estate | -32.39M | -173.99M | 85.30M | -31.89M | ||
| Other Investing Activities | 15.44M | 15.44M | 252.07M | -134.70M | 555.64K | 851.18K |
| Investing Cash Flow | -267.20M | -267.20M | -1.08B | -1.70B | -1.44B | -877.72M |
| Long-Term Debt Issued | 682.20M | 682.20M | 9.38B | 2.18B | 2.39B | 1.29B |
| Long-Term Debt Repaid | -515.26M | -515.26M | -6.55B | -388.01M | -278.65M | -379.89M |
| Lease Payments | -45.44M | -45.44M | -53.91M | -19.18M | -586.40K | -581.92K |
| Net Debt Issued (Repaid) | 166.95M | 166.95M | 2.83B | 1.79B | 2.11B | 906.85M |
| Issuance of Common Stock | 40.63M | 40.63M | 428.38K | 7.05M | ||
| Repurchase of Common Stock | -4.64M | -298.77M | ||||
| Other Financing Activities | -729.90M | -729.90M | -828.59M | -350.74M | -40.19M | -78.08M |
| Financing Cash Flow | -522.33M | -522.33M | 2.00B | 1.44B | 1.77B | 835.82M |
| Net Cash Flow | -696.68M | -696.68M | 824.05M | -94.39M | 57.32M | -225.88M |
| Free Cash Flow | -189.79M | -189.79M | -1.39B | -1.38B | -1.80B | -1.03B |
| Free Cash Flow Margin | -16.64% | -16.64% | -191.01% | -481.68% | -27,971.99% | -67,423.90% |
| Free Cash Flow Per Share | -2.39 | -2.39 | -18.09 | -19.98 | -26.03 | |
| Levered Free Cash Flow | -2.79B | -2.79B | -1.89B | -1.77B | -1.77B | |
| Unlevered Free Cash Flow | -1.90B | -1.90B | -1.46B | -1.59B | -1.72B | |
| Free Cash Flow After Leases | -235.23M | -235.23M | -1.45B | -1.40B | -1.80B | -1.03B |
| Cash Interest Paid | 729.90M | 729.90M | 565.77M | 257.73M | 45.07M | 38.16M |
| Cash Income Tax Paid | 8.41M | 8.41M | 7.65M | 2.20M | ||
| Change in Working Capital | 175.80M | 175.80M | 75.56M | 310.49M | -62.14M | -185.52M |
Ratios
Fiscal year January - December; amounts in MXN.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.99M | 45.84M | 811.45M | 158.11M | 398.22M | |
| Enterprise Value | 618.31M | 627.23M | 1.32B | 446.35M | ||
| Last Close Price | 0.21 | 0.58 | 10.24 | 11.18 | 10.26 | |
| PE Ratio | 46.25 | 31.79 | ||||
| PS Ratio | 0.27 | 0.72 | 23.16 | 9.32 | 1,207.84 | |
| PB Ratio | 0.13 | 0.36 | 3.25 | 0.34 | 0.93 | |
| P/TBV Ratio | 0.13 | 0.36 | 3.25 | 0.34 | 0.93 | |
| P/OCF Ratio | 3.44 | 8.89 | 16.18 | |||
| EV/Sales Ratio | 9.76 | 9.90 | 37.68 | 26.32 | ||
| Debt / Equity Ratio | 4.81 | 4.81 | 2.22 | 0.91 | 0.69 | 0.90 |
| Net Debt / Equity Ratio | 4.69 | 4.69 | 2.11 | 0.90 | 0.67 | 0.86 |
| Net Debt / EBITDA Ratio | -113.41 | -113.41 | -33.02 | -39.78 | -26.86 | -40.55 |
| Net Debt / FCF Ratio | -57.04 | -57.04 | -7.88 | -5.09 | -3.13 | -3.56 |
| Asset Turnover | 0.06 | 0.06 | 0.04 | 0.01 | 0.00 | |
| Inventory Turnover | 50.34 | 50.34 | 74.03 | 131.61 | ||
| Quick Ratio | 0.07 | 0.07 | 0.24 | 0.14 | 0.12 | 0.79 |
| Current Ratio | 0.26 | 0.26 | 0.34 | 0.23 | 0.13 | 0.95 |
| Return on Equity (ROE) | -7.52% | -7.52% | -54.72% | 0.71% | 3.86% | |
| Return on Assets (ROA) | -1.06% | -1.06% | -1.83% | -1.00% | -0.89% | |
| Return on Invested Capital (ROIC) | -2.30% | -2.27% | -3.89% | -2.11% | -0.99% | 349.89% |
| Return on Capital Employed (ROCE) | -6.00% | -6.00% | -3.50% | -1.80% | -1.40% | -0.90% |
| Earnings Yield | -95.33% | -34.21% | -21.10% | 2.16% | 3.15% | |
| FCF Yield | -59.49% | -23.00% | -8.25% | -51.66% | -23.16% | |
| Buyback Yield / Dilution | -3.15% | -3.15% | -11.52% |