How did Recipe System's revenue and expenses trend in Q4 2024?

Recipe System's revenue and expenses in Q4 2024 showed a positive trend in revenue growth and a slight increase in expenses. 1. **Revenue Trend**: The company experienced a notable increase in revenue, with a reported growth of 11.1% in the fourth quarter compared to the same period in the previous year. This growth was primarily driven by strong performance from Jafra Mexico, which saw a remarkable 22.2% growth during the same period. Betterware Mexico also contributed to the growth, despite facing challenges in durable-goods consumption trends in Mexico, by delivering revenue results 1.5% above the same quarter last year. 2. **Expense Trend**: The cost of sales for Recipe System increased by 7.3% in Q4 2024 compared to the same period in 2023, reaching 1,234,902 thousand Mexican pesos. However, the gross profit margin improved significantly, with the gross profit increasing by 13.6% to 2,543,566 thousand Mexican pesos. This indicates that while the company faced temporary challenges in profitability due to increased property operating and maintenance costs, which were partially offset by lower international supply chain challenges, the overall trend for expenses was not overly burdensome, and the company managed to generate a substantial EBITDA of $2,775 million, which was 2.0% above the previous year. In conclusion, Recipe System's revenue showed a robust growth trajectory in Q4 2024, with key contributors like Jafra Mexico delivering exceptional results. Although expenses increased, the company's strategic management and operational improvements allowed for a notable enhancement in gross profit and EBITDA, reflecting a strong financial performance for the period.