Bancoomeva's board of directors will present to the General Assembly of Shareholders a project to distribute profits amounting to 1.376 million pesos, payable through ordinary shares. This amount stems from a net profit of around 1.516 million after pre-tax losses and tax provisions. The distribution would be proportional to shareholders, with fractions allocated to the legal reserve.
Bancoomeva's board of directors has approved submitting to the General Assembly of Shareholders a project for the distribution of profits corresponding to the cut-off date of December 31, 2025. According to the entity's financial report, a pre-tax loss of 10.446 million pesos was recorded and a tax provision of 11.963 million, resulting in a profit after taxes of 1.516 million pesos, according to one source; another mentions 1.529 million.
From this result, 152.9 million pesos will be allocated to the legal reserve, plus appropriations under IFRS norms, determining a total available of 1.376 million for distribution. The proposal involves issuing 137.681 ordinary shares with a nominal value of 10,000 pesos each, assigned proportionally to shareholders according to their participation. In case of fractions that do not complete a share, the balances will be transferred to the legal reserve.
The payment would be made on the business day following the assembly's approval. Bancoomeva has 50.7 million subscribed and outstanding shares, equivalent to a dividend of 10,000 pesos per share and a net profit per share of 27.13 pesos, according to one of the reports. Marco Antonio Rizo, president of Bancoomeva, has been mentioned in relation to this financial initiative.
This distribution reinforces the entity's commitment to its shareholders, although the results reflect fiscal challenges in the period.