Auna S.A. reported its third‑quarter 2025 results on November 20, 2025, with consolidated revenue of S/1,117 million (about $1.09 billion) and earnings per share of $0.20, matching consensus estimates of $0.20. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at S/232 million, translating to a margin of 20.8% versus 22.1% in the same quarter a year earlier.
Revenue growth was uneven across Auna’s three operating markets. Peru’s local‑currency revenue rose 9%, Colombia’s increased 4%, while Mexico’s revenue fell 12% due to softer demand and operational challenges. The combined effect produced a 1% year‑over‑year decline in consolidated revenue, but a 1% increase on a constant‑currency basis, reflecting favorable currency movements in Peru and Colombia.
Adjusted EBITDA fell 7% year‑over‑year to S/232 million, driven by the 12% revenue drop in Mexico and higher operating costs in that market. The margin contraction of 1.3 percentage points to 20.8% reflects pricing pressure and the need for additional investments in Mexico’s hospital information system and ERP upgrades. In contrast, Peru’s margin improved thanks to higher pricing power and cost efficiencies, partially offsetting the weakness in Mexico.
Executive Chairman and President Suso Zamora said the quarter demonstrated the resilience of Auna’s integrated platform, highlighting strong performance in Peru and Colombia while acknowledging that Mexico is slowly recovering from previous challenges. He added that the company expects 2026 to be a growth year, particularly in Mexico, as new partnerships and a $500 million investment plan take effect.
Investors reacted cautiously to the mixed results. The revenue decline in Mexico and the contraction in adjusted EBITDA margin tempered enthusiasm, while the robust performance in Peru and Colombia provided some support. The company’s guidance for 2026 signals confidence in a rebound in Mexico, but the current quarter’s headwinds suggest a need for continued focus on cost discipline and operational efficiency.
In summary, Auna’s Q3 2025 earnings reflected a mixed picture: solid local‑currency growth in Peru and Colombia, a sharp revenue dip in Mexico, and a modest margin contraction. The company’s outlook points to a recovery in Mexico and continued growth in its core markets, but investors will likely monitor how effectively the company manages the headwinds in its largest market.
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