In summary, in 2025 Colonos had better-than-expected revenue performance, closing at $40.55M vs. the budgeted $37.24M, primarily driven by the recovery of overdue fees (+$2.60M) and higher construction fees (+$0.83M), although some items such as rents, wristbands, and passports fell below plan. Total expenses grew more than budgeted ($39.57M vs. $36.32M), highlighting additional investment in Maintenance Operating Expenses ($8.51M vs. $4.63M; +$3.89M) with significant increases in operational items such as paving, bike paths, fumigation, cameras, signage, garbage collection, and lighting. This was compounded by a non-operating effect due to exchange rates, as the strengthening of the MXN against the USD resulted in an accounting loss from exchange rate fluctuations of approximately -$405k. All of which explains why, despite collecting well (especially overdue payments), the year closed slightly in deficit before taxes at -$360,263.58.
Chapter 1:
In 2025 we achieved record revenue
If there is good news from 2025, it is that revenues exceeded the budget. We closed the year with $40.55M in revenue, above the budget of $37.24M.
Overdue Maintenance Fees
5.7m
Construction Fees
+ $830,477
We also had a significant boost from construction-related fees, with + $830,477 over budget.
Maintenance Fees
+5.7% vs 2024
And the ordinary maintenance fees were +$670,969above the budget. This increase is due to a higher number of residents (new and current) who are paying their fees.
Not due to an increase in the fee, as last year the 10% increase was not authorized in the Ordinary Assembly.
Other Revenues
- $757,824
However, not everything was up. There were categories that fell short of the plan— for example, rents (-$292,400), wristbands (-$279,742), and passports (-$185,682).
But the central story is clear: 2025 had a good revenue performance.
Chapter 2: Investment and Expenses
In 2025, total expenses closed at$39.57M, above the budget of$36.32M
Salaries and Wages, which represent 42% of our spending, we managed to achieve an annual savings of- $276,073 .
The category that most "tells the story" of the year is Operating Expenses. There we see the largest variation:$8.51M actualversus$4.63M budgeted, a difference of+ $3.89M.
What are we investing in?
Repaving
With an investment of$2.14mwe managed to improve the image of our community, facilitate movement, and reduce accidents.
Garbage collection
We invested+ $830,278more than planned in garbage collection. Especially for the cleaning of organic waste and the cleaning of the Zapote properties that had accumulated for years.
Sargassum
Fumigation
In an effort to improve the health of our residents, we tested the use of better products for mosquito control and the diseases they spread. This caused an increase in fumigation expenses of+ $392,722.
Bike path (Phase 1)
With an investment of$201,400a bike path was drawn in the most trafficked sections within the complex.
Lighting
$225,337was invested in improving the lighting within the complex. A pending task caused by Hurricane Beryl (2024). en mejorar la iluminación dentro del complejo. Una tarea pendiente causada por el huracán Beryl (2024).
The over-expenditure in 2025 operations was not due to a single detail, but it did have a clear pattern:infrastructure and services.
Chapter 3: the "silent factor" — MXN vs USD exchange rate
Exchange loss due to fluctuation
Our financial statements show a reduction in our income of-$405,160during 2025. This occurs when the peso strengthens against the dollar and the Association has some balance in USD (for example, reserves). In that scenario, although the dollar amount does not change, when translating it to MXN it “is worth fewer pesos” at the close, and that is recorded as an accounting loss.