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Betterware de México, S.A.P.I. de C.V. files as a foreign private issuer, with Form 6-K reports and Form 20-F annual disclosures documenting BeFra’s consumer products business, IFRS consolidated financial statements, audit adjustments and operating results. The records cover the Betterware home organization brand, the JAFRA beauty and personal care brand, and geographic activity across Mexico, the United States and Latin America.
Regulatory filings also include shareholder meeting calls, agendas, powers of attorney, meeting minutes, dividend announcements, material agreements, capital-structure disclosures and governance matters under the company’s bylaws and Mexican corporate-law framework.
Betterware de México (BeFra) has completed its acquisition of 100% of Tupperware’s operating assets in Latin America, including a perpetual, royalty-free, exclusive license to the Tupperware brand in the region. The deal totals US$250 million, with US$215 million paid in debt-funded cash and US$35 million in newly issued BeFra shares, subject to up to nine months of lock-up.
Tupperware Latin America generated US$270 million of revenue and US$82 million of Adjusted EBITDA in FY2025, implying an EV/EBITDA multiple of 3.0x and an Adjusted EBITDA margin of about 30%. First-quarter 2026 revenue was US$75 million with US$21 million of Adjusted EBITDA. Management highlights slightly stronger-than-expected momentum in Mexico and plans to run Betterware, Jafra, and Tupperware as separate brands under a shared direct-selling platform.
Betterware de México (BeFra) reported a key regulatory milestone for its planned acquisition of Tupperware’s Latin America operations. Mexico’s Antitrust Authority granted authorization for the deal connected to BeFra’s previously announced transaction.
The acquisition, first announced on January 19, 2026, is expected to close on June 1, 2026, subject to applicable closing conditions. BeFra describes the transaction as a major strategic step designed to strengthen its presence across Latin America, including Brazil, by expanding operational and commercial capabilities. The company also expects integrating Tupperware to reinforce its multicategory, multichannel direct-selling platform and support additional long-term growth opportunities and value creation.
Betterware de México is updating its previously released fourth-quarter and full-year 2025 figures to align with its completed audit. For 2025, net revenue is now MXN 14,243,015k, about MXN 21,617k lower than the preliminary amount. Full-year EBITDA is updated to MXN 2,647,048k, MXN 15,641k below the earlier figure, while net income rises to MXN 1,060,753k, MXN 17,997k higher than first reported. Free cash flow for 2025 is revised to MXN 2,129,883k, MXN 92,308k below the prior estimate. The company also clarifies that its April 2026 first-quarter release already used the updated year-end 2025 cash balance. Adjustments flow through the consolidated financial statements, including small changes to assets, liabilities, and equity, with audited Form 20-F numbers now the definitive reference.
Betterware de Mexico, S.A.P.I. de C.V. strategy office senior manager Fernando Salazar reported an open-market purchase of 158.633 Ordinary Shares of the company. The shares were bought at $16.9600 per share, resulting in direct ownership of 158.633 shares following the transaction.
Betterware de México (BeFra) reported that shareholders approved its 2025 results and a new cash dividend. The meeting approved 2025 consolidated financial statements showing net income of $1,060,753,000 Mexican pesos, confirmed a legal reserve of $46,265,400, and allocated $17,997,000 from 2025 earnings to fully complete that reserve, with remaining profits moved to retained earnings.
Shareholders declared a Q2 2026 dividend of $200,000,000 pesos, to be paid from accumulated net taxable income at an exchange rate of $17.4948 pesos per U.S. dollar. This equals approximately US $0.3063 per share before tax and US $0.2757 after tax, payable on May 21, 2026 to holders of record on May 12, 2026. After the Q1 and Q2 2026 dividends and the legal reserve allocation, accumulated earnings total $637,992,600 pesos.
The meeting ratified the Board of Directors (with one previously approved independent director removal), reappointed the Audit and Corporate Practices Committee, and approved compensation of $300,000 pesos for each independent director for the first half of 2026, paid in a single installment. Shareholders also granted broad legal, administrative, banking, and credit-related powers of attorney to executive Santiago Campos Chevallier and authorized several officers and advisors to formalize the resolutions.
Betterware de México files its 2025 annual report on Form 20-F, presenting IFRS audited consolidated financial statements for 2023–2025 and extensive risk disclosures. As of December 31, 2025, it had 37,316,546 ordinary shares outstanding and operations concentrated mainly in Mexico.
The company highlights dependence on large networks of independent distributors and consultants, heavy sourcing from Chinese manufacturers, and concentration of beauty and personal care production in a single facility in Querétaro. It reports material weaknesses in internal control over financial reporting, significant indebtedness and substantial ownership and governance influence by its controlling shareholder, alongside detailed geopolitical, macroeconomic, regulatory and ESG-related risks.
BETTERWARE DE MEXICO, S.A.P.I. DE C.V. director and chief executive officer Andres Campos reported an open-market purchase of 10,000 Ordinary Shares at a weighted average price of $16.8062 per share. These shares are held indirectly through C8A Holdings S.A. de C.V., over which he has voting and investment power, while disclaiming beneficial ownership beyond his pecuniary interest.
The filing also shows 180,000 Ordinary Shares held directly in a separate holding entry and 50,000 Ordinary Shares held indirectly through C8A after the reported transactions. No derivative securities are listed as outstanding for Campos in this report.
Betterware de México (BeFra) reported a strong Q1 2026, with profits rising much faster than sales. Net revenue was Ps. 3,509,702k, up 0.3% year-over-year, as Betterware Mexico grew and Jafra US improved, partly offset by slightly lower sales at Jafra Mexico and FX headwinds.
EBITDA rose 13.9% to Ps. 609,913k, lifting EBITDA margin to 17.4%. Net income jumped 86.7% to Ps. 281,361k, helped by higher operating income and lower financing costs. Free cash flow reached Ps. 351,543k versus a negative figure a year earlier, and net debt to EBITDA improved to 1.50x.
Management proposes a Ps. 200m Q1 2026 dividend, equal to 58% of NOPAT, which would extend the dividend streak to 25 consecutive quarters. For 2026, BeFra guides for net revenue of Ps. 14,800–15,400 million (4.0%–8.0% growth) and expects an EBITDA margin of at least 19%. The planned acquisition of Tupperware’s Latin America operations is expected to close after regulatory approvals and is described as highly accretive, with estimated 40% EPS accretion in 2026.
Betterware de México, S.A.P.I. de C.V. filed an amended report to update the proxy power-of-attorney form and details for its upcoming General Ordinary Shareholders Meeting on April 30, 2026. At this meeting, shareholders will review 2025 board, audit and tax compliance reports and the Company’s consolidated financial statements.
They will also vote on potential dividend payments, the re-election, election or removal of Board and Audit and Corporate Practices Committee members, determine their compensation, approve granting or revoking powers of attorney, and appoint special delegates to formalize the resolutions adopted at the meeting.
Betterware de México, S.A.P.I. de C.V. filed a Form 6-K announcing the first call for a General Ordinary Shareholders’ Meeting scheduled for April 30, 2026 at its Guadalajara, Jalisco headquarters. The filing furnishes an English translation of the meeting agenda and a form of power of attorney for shareholder representation.
The proxy template included in the materials describes a General Ordinary Shareholders Meeting dated March 17, 2026, where shareholders would consider approving and ratifying a share purchase agreement, increasing the variable portion of the Company’s capital stock in connection with that agreement, authorizing related financing documents, and appointing special delegates to formalize any resolutions.