Murano Global Investments PLC (MRNO) Income Statement
MRNO 2025 at a glance
Fiscal year ended December 31, 2025 · Mexican pesosMRNO revenue and net income
Where MRNO's revenue goes
2025Each bar shows an amount and its share of revenue. MRNO kept −24.8% of revenue as net income.
MRNO profit margins
MRNO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +56.2% | — | — | — |
| Gross profit | +47.8% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MRNO income statement in Mexican pesos
| 2025 | 2024 | |
|---|---|---|
| Revenue | MX$1.14B | MX$730.0M |
| Cost of revenue | MX$355.5M | MX$198.8M |
| Gross profit | MX$785.1M | MX$531.1M |
| Research & development | — | MX$0 |
| Sales, general & admin | MX$693.4M | MX$659.3M |
| Total operating expenses | MX$1.15B | MX$2.07B |
| Operating income | −MX$363.5M | −MX$1.54B |
| Interest income | MX$14.4M | MX$34.9M |
| Interest expense | MX$1.47B | MX$797.0M |
| Income before taxes | −MX$285.3M | −MX$3.50B |
| Income taxes | −MX$2.9M | MX$72.7M |
| Net income | −MX$282.4M | −MX$3.57B |
| EBITDA | MX$1.47B | −MX$2.38B |
| Gross margin | 68.8% | 72.8% |
| Operating margin | −31.9% | −210.8% |
| Net margin | −24.8% | −488.8% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | MX$343.0M | MX$343.0M | MX$206.3M | MX$270.5M | MX$320.7M | MX$296.0M | MX$166.5M | MX$160.4M | MX$107.1M | MX$89.7M | MX$63.9M | MX$53.1M |
| Cost of revenue | MX$132.1M | MX$132.1M | −MX$7.5M | MX$167.2M | MX$63.6M | MX$74.7M | MX$38.0M | MX$54.5M | MX$31.6M | MX$24.6M | MX$37.1M | MX$49.5M |
| Gross profit | MX$210.9M | MX$210.9M | MX$213.8M | MX$103.3M | MX$257.1M | MX$221.3M | MX$128.5M | MX$105.9M | MX$75.5M | MX$65.0M | MX$26.8M | MX$3.6M |
| Sales, general & admin | MX$14.2M | MX$2.7M | MX$295.2M | MX$153.8M | MX$241.7M | MX$58.0M | MX$217.2M | MX$192.6M | MX$191.5M | MX$87.3M | MX$33.2M | MX$1.39B |
| Total operating expenses | MX$252.3M | MX$384.4M | MX$421.1M | MX$153.8M | MX$321.4M | MX$1.30B | MX$303.1M | MX$275.4M | MX$235.7M | MX$146.5M | MX$750,159 | MX$3.33B |
| Operating income | −MX$41.4M | −MX$41.4M | −MX$207.3M | −MX$50.5M | −MX$64.3M | −MX$1.00B | −MX$174.6M | −MX$169.5M | −MX$152.7M | −MX$83.0M | −MX$750,160 | −MX$1.46B |
| Interest income | — | MX$163,496 | — | — | MX$9.2M | MX$5.3M | MX$21.9M | MX$3.3M | MX$4.1M | MX$2.7M | MX$1.0M | — |
| Interest expense | MX$448.9M | MX$448.9M | MX$323.3M | MX$333.2M | MX$354.3M | MX$366.9M | MX$192.1M | MX$144.3M | MX$93.7M | MX$82.9M | MX$77.7M | — |
| Income before taxes | −MX$67.1M | −MX$67.1M | −MX$216.4M | MX$357.3M | −MX$359.0M | −MX$1.47B | −MX$935.3M | −MX$943.0M | −MX$145.2M | −MX$187.0M | MX$1.3M | MX$3.40B |
| Income taxes | MX$28.1M | — | MX$113,966 | MX$10.7M | −MX$41.8M | — | −MX$86.1M | −MX$1.5M | MX$2.6M | MX$38.0M | MX$23.7M | MX$1.81B |
| Net income | −MX$95.2M | −MX$95.2M | −MX$216.6M | MX$346.6M | −MX$317.1M | −MX$1.63B | −MX$849.3M | −MX$941.5M | −MX$147.8M | −MX$149.1M | MX$1.3M | MX$1.59B |
| EBITDA | MX$453.8M | MX$453.9M | MX$999.9M | −MX$44.3M | MX$75.0M | −MX$998.0M | −MX$657.3M | −MX$715.9M | −MX$108.5M | MX$56.2M | −MX$750,160 | MX$55.4M |
| Gross margin | 61.5% | 61.5% | 103.6% | 38.2% | 80.2% | 74.8% | 77.2% | 66.0% | 70.5% | 72.5% | 41.9% | 6.8% |
| Operating margin | −12.1% | −12.1% | −100.5% | −18.7% | −20.0% | −338.3% | −104.9% | −105.7% | −142.6% | −92.5% | −1.2% | −2,743.0% |
| Net margin | −27.8% | −27.8% | −105.0% | 128.1% | −98.9% | −550.5% | −510.1% | −587.0% | −138.0% | −166.3% | 2.0% | 2,992.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in Mexican pesos as reported in MRNO's financial statements (latest annual report filed May 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MRNO financial results
In fiscal year 2025 (ended December 31, 2025), Murano Global Investments reported revenue of MX$1.1 billion, up 56.2% from the year before. It had a net loss of MX$282.4 million, a net profit margin of −24.8%. Figures are in Mexican pesos, the currency of its financial statements.
See the MRNO stock overview for the latest quote and news, or the MRNO chart for price history and technical indicators.
MRNO income statement FAQ
What is Murano Global Investments's annual revenue?
Murano Global Investments reported total revenue of MX$1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 56.2% from MX$730.0 million the previous year.
Is Murano Global Investments profitable?
No. Murano Global Investments reported a net loss of MX$282.4 million in fiscal 2025, a net profit margin of −24.8%; its operating margin was −31.9%.
What is Murano Global Investments's gross margin?
Murano Global Investments's gross margin was 68.8% in fiscal 2025: for every $100 of revenue, Murano Global Investments kept $69 after the direct cost of its products and services.
When does Murano Global Investments's fiscal year end?
Murano Global Investments's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 15, 2026.