The Federal Electricity Commission (CFE) faced financial difficulties in the first quarter of the year. According to its report submitted to the Mexican Stock Exchange (BMV), the company reported financial losses of 16 billion pesos, while its debt surpassed 500 billion pesos for the first time in history.
Compared to previous quarters, this was the worst start to the year for CFE since 2021, when it registered losses of 37.5 billion pesos. Despite this, the company had managed to start previous years with positive balances, with profits in 2020, 2023, and 2024. Although in the first quarter of 2025, it had a gross profit of 21 billion 880 million pesos, high financial expenses and taxes caused the company to end with red figures.
The financial report also indicated that CFE's debt reached historic levels during the first quarter. Short-term debt increased by 20%, rising from 129 billion 295 million to 155 billion 117 million pesos in just three months. On the other hand, long-term debt grew from 361 billion 204 million to 371 billion 447 million pesos, representing an increase of 2.8%. Adding both items, CFE's total debt amounted to 526 billion 564 million pesos, an increase of 7.4% compared to the close of 2024.
It was recently revealed that at the end of former President Andrés Manuel López Obrador's term, CFE's debt reached 490 billion 499 million pesos, showing an increase of 38.8% in six years. This figure indicates that CFE's debt increased 4.3 times more during Manuel Bartlett's management compared to the previous term of Enrique Peña Nieto.
