Exhibit 99.1

As reported in our annual report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on May 15, 2023 (the “20-F”), during the preparation of the Company’s consolidated financial statements as of and for the 2022 period, management concluded that certain prior year errors that were deemed to be immaterial, on an individual and aggregate basis, to the Company’s previously reported consolidated financial statements as of and for the 2021 period under the SEC’s Staff Accounting Bulletin No. 99, could not be corrected on an out-of-period basis in the current year financial statements because to do so would cause a material misstatement in those financial statements. Due to the decrease in profit before taxes from 2021 to 2022, materiality levels in the 2022 period for accounting purposes decreased to approximately half of the materiality levels established in the 2021 period. Therefore, the Company referred to the guidance prescribed by the SEC’s Staff Accounting Bulletin No. 108 which specifies, among other things, that the errors must be corrected as an immaterial restatement of the prior year financial statements the next time those financial statements are filed.

Accordingly, we made corrections of immaterial errors related to our consolidated financial statements for the 2021 and the 2020 periods. We included the adjusted annual consolidated financial statements on the 20-F, but we are also including in this report the quarterly information adjusted for convenience of our investors.

Additionally, when preparing the consolidated financial statements of 2022, we identified some reclassifications and immaterial errors within the quarters which are also included in this report. Most of these reclassifications and immaterial errors are related to or derived from the homologation of accounting policies among the Company’s business group after the JAFRA’s acquisition (for further information, please refer to the 20-F). Such reclassifications and immaterial errors also impacted on the results for the first quarter of 2023. Therefore, we are also including adjusted financials with respect to such period. Below we provide a representation of the effects of these immaterial corrections:

The adjustments and reclassifications are related to the following matters:

A	Cut-off for revenue where control was not transferred to the customer.
B	Cost of inventory overstated on the international freight standard cost assumption; offset by overstated accruals liabilities on import expenses.
C	Cost of catalogues that had a non-GAAP treatment as prepaids and were expensed at the same time the revenues were realized; instead of when catalogues were received as IFRS states.
D	Immaterial provisions for labor matters not recorded.
E	Accrual for a tax contingency related to an income tax filing with the International Inspection Administration in México for FY 2010.
F	Accounting effects from changing reporting period from 52/53 weeks to fiscal year ended December 31 of every year.
G	Incorporation of GuruComm´s results from January to March 2022 to the Group profit and loss.
H	Reversal of amortization of Jafra´s brands (as per the PPA valuation, brands changed from defined to indefinite useful life).
I	Reclassification of certain Jafra’s cash balances from other assets related to collection by third parties (supermarkets, drugstores, etc.)
J	Reclassification from Jafra’s other assets to Income tax recoverable.
K	Reclassification from Jafra´s other assets to Goodwill after PPA valuation adjustments.
L	Cancelation of Jafra US retirement savings plan as the employees own it not the Company.
M	Reclassification from Jafra´s current Lease liability to non-current Lease liability.
N	Reclassification from Jafra´s selling expenses to administrative expenses.
O	Reclassification from Jafra´s distribution expenses to administrative expenses.
P	Reclassification of interest to trade accounts payable to related parties in cash flow
Q	Adjustment from Jafra´s other comprehensive income to Goodwill.
X	Others

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of September 30, 2021

(In Thousands of Mexican Pesos)

As of September 30, 2021

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		1,273,481		1,273,481		-
Trade accounts receivable, net		818,485		878,961		(60,476	)	A
Accounts receivable from related parties		95,965		95,965		-
Inventories		1,235,516		1,207,080		28,436		A
Prepaid expenses		166,031		207,951		(41,920	)	C
Derivative financial instruments		58,001		58,001		-
Other assets		51,733		51,733		-
Total current assets		3,699,212		3,773,172		(73,960	)
Property, plant and equipment, net		1,053,631		1,053,631		-
Right of use assets, net		19,100		19,100		-
Deferred income tax		17,605		17,605		-
Investment in subsidiaries		26,310		26,310		-
Intangible assets, net		334,782		334,782		-
Goodwill		371,075		371,075		-
Other assets		3,292		3,292		-
Total non-current assets		1,825,795		1,825,795		-
Total assets		5,525,007		5,598,967		(73,960	)
Liabilities and Stockholders’ Equity
Accounts payable to suppliers		2,045,266		2,045,266		-
Accrued expenses		191,257		188,288		2,969		D
Income tax payable		202,883		202,883		-
Value added tax payable		42,687		42,687		-
Trade accounts payable to related parties		27,302		27,302		-
Statutory employee profit sharing		19,567		19,567		-
Lease liability		6,129		6,129		-
Total current liabilities		2,535,091		2,532,122		2,969
Employee benefits		1,938		1,938		-
Deferred income tax		33,880		56,959		(23,079	)	A, C, D
Lease liability		13,336		13,336		-
Long term debt and borrowings		1,507,080		1,507,080		-
Total non-current liabilities		1,556,234		1,579,313		(23,079	)
Total Liabilities		4,091,325		4,111,435		(20,110	)

Stockholders’ Equity		1,433,682		1,487,532		(53,850	)	A, C, D
Total Stockholders’ Equity		1,433,682		1,487,532		(53,850	)
Total Liabilities and Stockholders’ Equity		5,525,007		5,598,967		(73,960	)

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on September 30, 2021

(In Thousands of Mexican Pesos)

For the three-months ended on September 30, 2021

	Adjusted			Previously presented			Difference		Reference
Net revenue		2,361,461			2,361,461			-
Cost of sales		1,032,998			1,032,998			-
Gross profit		1,328,463			1,328,463			-

Administrative expenses		285,444			285,444			-
Selling expenses		254,425			254,425			-
Distribution expenses		101,323			101,323			-
Total expenses		641,192			641,192			-

Share of results of subsidiaries		(882	)		(882	)		-

Operating income		686,389			686,389			-

Interest expense		(18,004	)		(18,004	)		-
Interest income		8,041			8,041			-
Unrealized gain in valuation of financial derivative instruments		192,880			192,880			-
Foreign exchange loss, net		(125,385	)		(125,385	)		-
Financing cost, net		57,532			57,532			-

Income before income taxes		743,921			743,921			-
Income taxes		230,564			230,564			-
Net income		513,357			513,357			-

For the three-months ended on September 30, 2021

Concept	Adjusted			Previously presented			Difference		Reference
Net income including minority interest		513,357			513,357			-
(+) Income taxes		230,564			230,564			-
(+) Financing cost, net		(57,532	)		(57,532	)		-
(+) Depreciation and amortization		22,057			22,057			-
EBITDA		708,446			708,446			-
EBITDA margin		30.0	%		30.0	%		-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the nine-months ended on September 30, 2021

(In Thousands of Mexican Pesos)

For the nine-months ended on September 30, 2021

	Adjusted			Previously presented			Difference		Reference
Net revenue		7,857,599			7,857,599			-
Cost of sales		3,388,349			3,388,349			-
Gross profit		4,469,250			4,469,250			-

Administrative expenses		919,897			919,897			-
Selling expenses		824,757			824,757			-
Distribution expenses		403,452			403,452			-
Total expenses		2,148,106			2,148,106			-

Share of results of subsidiaries		(1,561	)		(1,561	)		-

Operating income		2,319,583			2,319,583			-

Interest expense		(47,123	)		(47,123	)		-
Interest income		16,642			16,642			-
Unrealized gain in valuation of financial derivative instruments		360,123			360,123			-
Foreign exchange loss, net		(311,503	)		(311,503	)		-
Financing cost, net		18,139			18,139			-

Income before income taxes		2,337,722			2,337,722			-
Income taxes		724,951			724,951			-
Net income		1,612,771			1,612,771			-

For the nine-months ended on September 30, 2021

Concept	Adjusted			Previously presented			Difference		Reference
Net income including minority interest		1,612,771			1,612,771			-
(+) Income taxes		724,951			724,951			-
(+) Financing cost, net		(18,139	)		(18,139	)		-
(+) Depreciation and amortization		58,472			58,472			-
EBITDA		2,378,055			2,378,055			-
EBITDA margin		30.3	%		30.3	%		-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the nine-months ended on September 30, 2021

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		1,612,771			1,612,771			-
Adjustments for:
Income tax expense recognized in profit of the year		724,951			724,951			-
Depreciation and amortization of non-current assets		58,472			58,188			284		X
Accounting effects from changing reporting		(14,217	)		-			(14,217	)	F
Interest income recognized in profit or loss		(16,642	)		(16,642	)		-
Interest expense recognized in profit or loss		47,123			47,123			-
Unrealized gain in valuation of financial derivative instruments		(360,123	)		(360,123	)		-
Share-based payment expense		7,902			7,902			-
Movements in not- controlling interest		1,561			1,561			-
Movements in working capital:
Trade accounts receivable		(83,459	)		(121,155	)		37,696		A
Trade accounts receivable from related parties		(95,965	)		(95,965	)		-
Inventory, net		49,156			66,946			(17,790	)	A
Prepaid expenses and other assets		(50,456	)		(50,456	)		-
Accounts payable to suppliers and accrued expenses		(111,822	)		(105,849	)		(5,973	)	A, C, D
Value added tax payable		15,984			15,984			-
Statutory employee profit sharing		12,213			12,213			-
Trade accounts payable to related parties		2,899			2,899			-
Income taxes paid		(612,323	)		(612,323	)		-
Employee benefits		260			260			-
Net cash generated by operating activities		1,188,285			1,188,285			-
Cash flows from investing activities:
Investment in subsidiaries		(26,102	)		(26,102	)		-
Payments for property, plant and equipment, net		(347,551	)		(347,551	)		-
Proceeds from disposal of property, plant and equipment, net		17,220			17,220			-
Interest received		16,642			16,642			-
Net cash used in investing activities		(339,791	)		(339,791	)		-
Cash flows from financing activities:
Repayment of borrowings		(646,554	)		(646,554	)		-
Proceeds from borrowings		1,527,080			1,527,080			-
Interest paid		(50,446	)		(50,446	)		-
Lease payment		(4,913	)		(4,913	)		-
Dividends paid		(1,050,000	)		(1,050,000	)		-
Net cash used in in financing activities		(224,833	)		(224,833	)		-
Net increase in cash and cash equivalents		623,661			623,661			-
Cash and cash equivalents at the beginning of the period		649,820			649,820			-
Cash and cash equivalents at the end of the period		1,273,481			1,273,481			-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of December 31, 2021

(In Thousands of Mexican Pesos)

As of December 31, 2021

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		1,175,198		1,175,198		-
Trade accounts receivable, net		745,593		778,054		(32,461	)	A
Accounts receivable from related parties		24		24		-
Inventories		1,286,155		1,339,378		(53,223	)	A, B
Prepaid expenses		35,596		69,224		(33,628	)	C
Derivative financial instruments		28,193		28,193		-
Other assets		81,988		81,988		-
Total current assets		3,352,747		3,472,059		(119,312	)
Property, plant and equipment, net		1,069,492		1,069,492		-
Right of use assets, net		17,384		17,384		-
Investment in subsidiaries		497		497		-
Intangible assets, net		369,760		369,760		-
Goodwill		371,075		371,075		-
Other assets		4,274		4,274		-
Total non-current assets		1,832,482		1,832,482		-
Total assets		5,185,229		5,304,541		(119,312	)
Liabilities and Stockholders’ Equity
Short term debt and borrowings		28,124		28,124		-
Accounts payable to suppliers		1,984,932		1,984,932		-
Accrued expenses		159,354		142,169		17,185		B
Provisions		118,468		115,192		3,276		D
Income tax payable		97,634		88,679		8,955		E
Statutory employee profit sharing		55,305		55,305		-
Lease liability		6,102		6,102		-
Total current liabilities		2,449,919		2,420,503		29,416
Employee benefits		2,093		2,093		-
Deferred income tax		38,975		80,907		(41,932	)	A,B,C,D
Lease liability		11,778		11,778		-
Long term debt and borrowings		1,482,261		1,482,261		-
Total non-current liabilities		1,535,107		1,577,039		(41,932	)
Total Liabilities		3,985,026		3,997,542		(12,516	)

Stockholders’ Equity		1,185,548		1,292,344		(106,796	)	A,B,C,D,E
Non-controlling interest		14,655		14,655		-
Total Stockholders’ Equity		1,200,203		1,306,999		(106,796	)
Total Liabilities and Stockholders’ Equity		5,185,229		5,304,541		(119,312	)

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on December 31, 2021

(In Thousands of Mexican Pesos)

For the three-months ended on December 31, 2021

	Adjusted			Previously presented			Difference			Reference
Net revenue		2,210,084			2,182,069			28,015		A
Cost of sales		1,109,659			1,010,815			98,844		A, B
Gross profit		1,100,425			1,171,254			(70,829	)

Administrative expenses		326,284			325,978			306		D
Selling expenses		431,532			439,824			(8,292	)	C
Distribution expenses		60,327			60,327			-
Total expenses		818,143			826,129			(7,986	)

Share of results of subsidiaries		-			-			-

Operating income		282,282			345,125			(62,843	)

Interest expense		(28,695	)		(28,695	)		-
Interest income		9,230			9,230			-
Unrealized loss in valuation of financial derivative instruments		(29,808	)		(29,808	)		-
Foreign exchange loss, net		(8,236	)		(8,236	)		-
Financing cost, net		(57,509	)		(57,509	)		-

Income before income taxes		224,773			287,616			(62,843	)

Income taxes		89,605			99,503			(9,898	)	A,B,C,D,E

Net income including minority interest		135,168			188,113			(52,945	)
Non-controlling interest loss		3,706			3,706			-
Net income		138,874			191,819			(52,945	)

For the three-months ended on December 31, 2021

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		135,168			188,113			(52,945	)	A,B,C,D,E
(+) Income taxes		89,605			99,503			(9,898	)	A,B,C,D,E
(+) Financing cost, net		57,509			57,509			-
(+) Depreciation and amortization		23,650			23,650			-
EBITDA		305,932			368,775			(62,843	)
EBITDA margin		13.8	%		16.9	%		(3.1	)%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the twelve-months ended on December 31, 2021

(In Thousands of Mexican Pesos)

For the twelve-months ended on December 31, 2021

	Adjusted			Previously presented			Difference			Reference
Net revenue		10,067,683			10,039,668			28,015		A
Cost of sales		4,498,008			4,399,164			98,844		A, B
Gross profit		5,569,675			5,640,504			(70,829	)

Administrative expenses		1,247,742			1,247,436			306		D
Selling expenses		1,256,289			1,264,581			(8,292	)	C
Distribution expenses		463,779			463,779			-
Total expenses		2,967,810			2,975,796			(7,986	)

Share of results of subsidiaries		-			-			-

Operating income		2,601,865			2,664,708			(62,843	)

Interest expense		(75,818	)		(75,818	)		-
Interest income		25,872			25,872			-
Unrealized gain in valuation of financial derivative instruments		330,315			330,315			-
Foreign exchange loss, net		(319,739	)		(319,739	)		-
Financing cost, net		(39,370	)		(39,370	)		-

Income before income taxes		2,562,495			2,625,338			(62,843	)

Income taxes		814,556			824,454			(9,898	)	A,B,C,D,E

Net income including minority interest		1,747,939			1,800,884			(52,945	)
Non-controlling interest loss		3,706			3,706			-
Net income		1,751,645			1,804,590			(52,945	)

For the twelve-months ended on December 31, 2021

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		1,747,939			1,800,884			(52,945	)	A,B,C,D,E
(+) Income taxes		814,556			824,454			(9,898	)	A,B,C,D,E
(+) Financing cost, net		39,370			39,370			-
(+) Depreciation and amortization		82,122			82,122			-
EBITDA		2,683,987			2,746,830			(62,843	)
EBITDA margin		26.7	%		27.4	%		(0.70	)%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the twelve-months ended on December 31, 2021

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		1,747,939			1,800,884			(52,945	)	A,B,C,D,E
Adjustments for:
Income tax expense recognized in profit of the year		814,556			824,454			(9,898	)	A,B,C,D,E
Depreciation and amortization of non-current assets		82,122			82,122			-
Accounting effects from changing reporting		(36,400	)		(22,466	)		(13,934	)	F
Interest income recognized in profit or loss		(25,872	)		(25,872	)		-
Interest expense recognized in profit or loss		75,818			75,818			-
Gain of property, plant, equipment sale		(478	)		(478	)		-
Unrealized gain in valuation of financial derivative instruments		(330,315	)		(330,315	)		-
Share-based payment expense		(12,974	)		(12,974	)		-
Movements in working capital:
Trade accounts receivable		(21,347	)		(19,720	)		(1,627	)	A
Trade accounts receivable from related parties		(24	)		(24	)		-
Inventory, net		4,893			(64,312	)		69,205		A,B
Prepaid expenses and other assets		22,894			31,184			(8,290	)	C
Accounts payable to suppliers and accrued expenses		(64,699	)		(81,882	)		17,183		B
Provisions		(35,537	)		(35,843	)		306		D
Value added tax payable		(26,703	)		(26,703	)		-
Statutory employee profit sharing		47,951			47,951			-
Income taxes paid		(777,949	)		(777,949	)		-
Employee benefits		1,722			1,722			-
Net cash generated by operating activities		1,465,597			1,465,597			-
Cash flows from investing activities:
Investment in subsidiaries		50			50			-
Payments for property, plant and equipment, net		(401,736	)		(401,736	)		-
Proceeds from disposal of property, plant and equipment, net		12,521			12,521			-
Interest received		25,872			25,872			-
Restricted cash		42,915			42,915			-
Net cash used in investing activities		(320,378	)		(320,378	)		-
Cash flows from financing activities:
Repayment of borrowings		(646,716	)		(646,716	)		-
Proceeds from borrowings		1,520,000			1,520,000			-
Repayment of derivative financial instruments		(18,172	)		(18,172	)		-
Interest paid		(49,123	)		(49,123	)		-
Costs of emission		(18,931	)		(18,931	)		-
Lease payment		(6,899	)		(6,899	)		-
Dividends paid		(1,400,000	)		(1,400,000	)		-
Net cash used in in financing activities		(619,841	)		(619,841	)		-
Net increase in cash and cash equivalents		525,378			525,378			-
Cash and cash equivalents at the beginning of the period		649,820			649,820			-
Cash and cash equivalents at the end of the period		1,175,198			1,175,198			-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of March 31,2022

(In Thousands of Mexican Pesos)

As of March 31, 2022

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		711,625		711,625		-
Trade accounts receivable, net		709,945		756,100		(46,155	)	A
Accounts receivable from related parties		7		7		-
Inventories		1,644,619		1,670,444		(25,825	)	A,B
Prepaid expenses		70,335		100,754		(30,419	)	C
Other assets		56,083		56,083		-
Total current assets		3,192,614		3,295,013		(102,399	)
Property, plant and equipment, net		1,092,165		1,092,165		-
Right of use assets, net		18,264		18,264		-
Investment in subsidiaries		1,521		1,521		-
Intangible assets, net		376,433		376,433		-
Goodwill		353,703		353,703		-
Other assets		3,229		3,229		-
Total non-current assets		1,845,315		1,845,315		-
Total assets		5,037,929		5,140,328		(102,399	)
Liabilities and Stockholders’ Equity
Short term debt and borrowings		107,047		107,047		-
Accounts payable to suppliers		1,850,080		1,850,080		-
Accrued expenses		217,234		199,773		17,461		B,D
Income tax payable		61,290		52,335		8,955		E
Value added tax payable		12,805		12,805		-
Statutory employee profit sharing		67,415		67,415		-
Lease liability		7,934		7,934		-
Derivative financial instruments		71,219		71,219		-
Total current liabilities		2,395,024		2,368,608		26,416
Employee benefits		2,343		2,343		-
Deferred income tax		44,949		80,907		(35,958	)	A,B,C,D
Lease liability		10,575		10,575		-
Long term debt and borrowings		1,483,082		1,483,082		-
Total non-current liabilities		1,540,949		1,576,907		(35,958	)
Total Liabilities		3,935,973		3,945,515		(9,542	)

Stockholders’ Equity		1,101,956		1,194,813		(92,857	)	A,B,C,D,E
Total Stockholders’ Equity		1,101,956		1,194,813		(92,857	)
Total Liabilities and Stockholders’ Equity		5,037,929		5,140,328		(102,399	)

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on March 31, 2022

(In Thousands of Mexican Pesos)

For the three-months ended on March 31, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		1,860,196			1,869,127			(8,931	)	A,G
Cost of sales		653,852			680,327			(26,475	)	A,B,G
Gross profit		1,206,344			1,188,800			17,544

Administrative expenses		319,650			315,954			3,696		D,G
Selling expenses		257,052			260,247			(3,195	)	C
Distribution expenses		68,078			68,078			-
Total expenses		644,780			644,279			501

Share of results of subsidiaries		(16,611	)		(18,333	)		1,722		G

Operating income		544,953			526,188			18,765

Interest expense		(29,417	)		(29,417	)		-
Interest income		5,412			5,412			-
Unrealized loss in valuation of financial derivative instruments		(99,412	)		(99,412	)		-
Foreign exchange gain, net		6,840			6,840			-
Financing cost, net		(116,577	)		(116,577	)		-

Income before income taxes		428,376			409,611			18,765

Income taxes		148,610			142,636			5,974		A,B,C,D

Net income including minority interest		279,766			266,975			12,791
Non-controlling interest loss		1,468			320			1,148		G
Net income		281,234			267,295			13,939

For the three-months ended on March 31, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		279,766			266,975			12,791		A,B,C,D,G
(+) Income taxes		148,610			142,636			5,974		A,B,C,D
(+) Financing cost, net		116,577			116,577			-
(+) Depreciation and amortization		21,617			21,617			-
EBITDA		566,570			547,805			18,765
EBITDA margin		30.5	%		29.3	%		1.1	%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the three-months ended on March 31, 2022

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		279,766			266,975			12,791		A,B,C,D,G
Adjustments for:
Income tax expense recognized in profit of the year		148,610			142,636			5,974		A,B,C,D
Depreciation and amortization of non-current assets		21,617			21,617			-
Interest income recognized in profit or loss		(5,412	)		(5,412	)		-
Interest expense recognized in profit or loss		29,417			29,417			-
Gain of property, plant, equipment sale		(61	)		(61	)		-
Unrealized loss in valuation of financial derivative instruments		99,412			99,412			-
Share-based payment expense		9,011			9,011			-
Currency translation effect		(96	)		(96	)		-
Loss in subsidiaries		5,708			4,560			1,148		G
Movements in working capital:
Trade accounts receivable		35,648			21,954			13,694		A
Trade accounts receivable from related parties		17			17			-
Inventory, net		(358,464	)		(331,066	)		(27,398	)	A,B
Prepaid expenses and other assets		(7,789	)		(4,580	)		(3,209	)	C
Accounts payable to suppliers and accrued expenses		(195,733	)		(192,733	)		(3,000	)	D,B
Value added tax payable		12,805			12,805			-
Statutory employee profit sharing		12,110			12,110			-
Income taxes paid		(178,687	)		(178,687	)		-
Employee benefits		250			250			-
Net cash used in operating activities		(91,871	)		(91,871	)		-
Cash flows from investing activities:
Investment in subsidiaries		(1,024	)		(1,024	)		-
Payments for property, plant and equipment, net		(55,521	)		(55,521	)		-
Proceeds from disposal of property, plant and equipment, net		6,299			6,299			-
Interest received		5,412			5,412			-
Net cash used in investing activities		(44,834	)		(44,834	)		-
Cash flows from financing activities:
Repayment of borrowings		(120,006	)		(120,006	)		-
Proceeds from borrowings		220,000			220,000			-
Interest paid		(49,509	)		(49,509	)		-
Lease payment		(2,089	)		(2,089	)		-
Share repurchases		(25,264	)		(25,264	)		-
Dividends paid		(350,000	)		(350,000	)		-
Net cash used in in financing activities		(326,868	)		(326,868	)		-
Net decrease in cash and cash equivalents		(463,573	)		(463,573	)		-
Cash and cash equivalents at the beginning of the period		1,175,198			1,175,198			-
Cash and cash equivalents at the end of the period		711,625			711,625			-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of June 30,2022

(In Thousands of Mexican Pesos)

As of June 30, 2022

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		575,727		575,727		-
Trade accounts receivable, net		1,170,038		1,215,517		(45,479	)	A
Accounts receivable from related parties		6,414		6,414		-
Inventories		2,527,583		2,540,360		(12,777	)	A,B
Prepaid expenses		149,915		177,126		(27,211	)	C
Value added tax receivable		3,202		3,202		-
Other assets		502,478		502,478		-
Total current assets		4,935,357		5,020,824		(85,467	)
Property, plant and equipment, net		1,848,424		1,848,424		-
Right of use assets, net		153,006		153,006		-
Deferred income tax		302,651		302,651		-
Investment in subsidiaries		1,235		1,235		-
Intangible assets, net		670,457		646,989		23,468		H
Goodwill		3,084,893		3,084,893		-
Other assets		121,732		121,732		-
Total non-current assets		6,182,398		6,158,930		23,468
Total assets		11,117,755		11,179,754		(61,999	)
Liabilities and Stockholders’ Equity
Short term debt and borrowings		679,933		679,933		-
Accounts payable to suppliers		1,531,240		1,531,240		-
Accrued expenses		333,421		324,831		8,590		B
Provisions		780,945		775,076		5,869		D
Income tax payable		88,148		79,193		8,955		E
Value added tax payable		67,832		67,832		-
Trade accounts payable to related parties		120,001		120,001
Statutory employee profit sharing		73,442		73,442		-
Lease liability		114,075		114,075		-
Derivative financial instruments		42,904		42,904		-
Total current liabilities		3,831,941		3,808,527		23,414
Employee benefits		224,454		224,454		-
Deferred income tax		68,326		98,304		(29,978	)	A,B,C,D
Lease liability		36,891		36,891		-
Long term debt and borrowings		5,905,688		5,905,688		-
Total non-current liabilities		6,235,359		6,265,337		(29,978	)
Total Liabilities		10,067,300		10,073,864		(6,564	)

Stockholders’ Equity		1,050,455		1,105,890		(55,435	)	A,B,C,D,E,H
Total Stockholders’ Equity		1,050,455		1,105,890		(55,435	)
Total Liabilities and Stockholders’ Equity		11,117,755		11,179,754		(61,999	)

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on June 30, 2022

(In Thousands of Mexican Pesos)

For the three-months ended on June 30, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		3,243,604			3,242,928			676		A
Cost of sales		986,294			1,003,668			(17,344	)	A,B
Gross profit		2,257,310			2,239,290			18,020

Administrative expenses		769,034			791,204			(22,170	)	D,H
Selling expenses		781,476			784,685			(3,209	)	C
Distribution expenses		158,138			158,138			-
Total expenses		1,708,648			1,734,027			(25,379	)

Share of results of subsidiaries		-			-			-

Operating income		548,662			505,263			43,399

Interest expense		(131,163	)		(131,163	)		-
Interest income		10,301			10,301			-
Unrealized gain in valuation of financial derivative instruments		28,315			28,315			-
Foreign exchange loss, net		(31,888	)		(31,888	)		-
Financing cost, net		(124,435	)		(124,435	)		-

Income before income taxes		424,227			380,828			43,399

Income taxes		135,122			129,143			5,979		A,B,C,D

Net income including minority interest		289,105			251,685			37,420
Non-controlling interest loss		317			316			1
Net income		289,422			252,001			37,421

For the three-months ended on June 30, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		289,105			251,685			37,420		A,B,C,D,H
(+) Income taxes		135,122			129,143			5,979		A,B,C,D
(+) Financing cost, net		124,435			124,435			-
(+) Depreciation and amortization		66,604			90,072			(23,468	)	H
EBITDA		615,266			595,335			19,931
EBITDA margin		19.0	%		18,4	%		0.6	%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the six-months ended on June 30, 2022

(In Thousands of Mexican Pesos)

For the six-months ended on June 30, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		5,103,800			5,112,055			(8,255	)	A,G
Cost of sales		1,640,146			1,683,965			(43,819	)	A,B,G
Gross profit		3,463,654			3,428,090			35,564

Administrative expenses		1,088,684			1,107,158			(18,474	)	D,G,H
Selling expenses		1,038,528			1,044,932			(6,404	)	C
Distribution expenses		226,216			226,216			-
Total expenses		2,353,428			2,378,306			(24,878	)

Share of results of subsidiaries		(16,611	)		(18,333	)		1,722		G

Operating income		1,093,615			1,031,451			62,164

Interest expense		(160,580	)		(160,580	)		-
Interest income		15,713			15,713			-
Unrealized loss in valuation of financial derivative instruments		(71,097	)		(71,097	)		-
Foreign exchange loss, net		(25,048	)		(25,048	)		-
Financing cost, net		(241,012	)		(241,012	)		-

Income before income taxes		852,603			790,439			62,164

Income taxes		283,732			271,779			11,953		A,B,C,D

Net income including minority interest		568,871			518,660			50,211
Non-controlling interest loss		1,785			636			1,149		G
Net income		570,656			519,296			51,360

For the six-months ended on September 30, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		568,871			518,660			50,211		A,B,C,D,G,H
(+) Income taxes		283,732			271,779			11,953		A,B,C,D
(+) Financing cost, net		241,012			241,012			-
(+) Depreciation and amortization		88,221			111,689			(23,468	)	H
EBITDA		1,181,836			1,143,140			38,696
EBITDA margin		23.2	%		22.4	%		0.8	%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the six-months ended on June 30, 2022

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		568,871			518,660			50,211		A,B,C,D,G,H
Adjustments for:
Income tax expense recognized in profit of the year		283,732			271,779			11,953		A,B,C,D
Depreciation and amortization of non-current assets		88,221			111,689			(23,468	)	H
Interest income recognized in profit or loss		(15,713	)		(15,713	)		-
Interest expense recognized in profit or loss		160,580			160,580			-
Gain of property, plant, equipment sale		(368	)		(368	)		-
Unrealized loss in valuation of financial derivative instruments		71,097			71,097			-
Share-based payment expense		9,011			9,011			-
Currency translation effect		1,291			1,291			-
Loss in subsidiaries		5,709			4,560			1,149		G
Movements in working capital:
Trade accounts receivable		67,664			54,646			13,018		A
Trade accounts receivable from related parties		3,857			3,857			-
Inventory, net		(233,653	)		(193,207	)		(40,446	)	A,B
Prepaid expenses and other assets		(149,543	)		(143,126	)		(6,417	)	C
Accounts payable to suppliers and accrued expenses		(739,979	)		(731,386	)		(8,593	)	B
Provisions		(37,107	)		(39,700	)		2,593		D
Value added tax payable		85,719			85,719			-
Statutory employee profit sharing		(39,058	)		(39,058	)		-
Trade accounts payable to related parties		120,204			120,204
Income taxes paid		(307,100	)		(307,100	)		-
Employee benefits		3,642			3,642			-
Net cash used in operating activities		(52,923	)		(52,923	)		-
Cash flows from investing activities:
Investment in subsidiaries		(4,629,997	)		(4,629,997	)		-
Payments for property, plant and equipment, net		(110,603	)		(110,603	)		-
Proceeds from disposal of property, plant and equipment, net		5,486			5,486			-
Interest received		15,713			15,713			-
Net cash used in investing activities		(4,719,401	)		(4,719,401	)		-
Cash flows from financing activities:
Repayment of borrowings		(220,010	)		(220,010	)		-
Proceeds from borrowings		5,368,651			5,368,651			-
Interest paid		(154,629	)		(154,629	)		-
Costs of emission		(76,910	)		(76,910	)
Lease payment		(18,985	)		(18,985	)		-
Share repurchases		(25,264	)		(25,264	)		-
Dividends paid		(700,000	)		(700,000	)		-
Net cash generated in in financing activities		4,172,853			4,172,853			-
Net decrease in cash and cash equivalents		(599,471	)		(599,471	)		-
Cash and cash equivalents at the beginning of the period		1,175,198			1,175,198			-
Cash and cash equivalents at the end of the period		575,727			575,727			-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of September 30, 2022

(In Thousands of Mexican Pesos)

As of September 30, 2022

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		471,585		471,585		-
Trade accounts receivable, net		1,219,961		1,251,993		(32,032	)		A
Accounts receivable from related parties		229		229		-
Inventories		2,416,485		2,417,522		(1,037	)		A,B
Prepaid expenses		119,208		143,211		(24,003	)		C
Other assets		552,151		552,151		-
Total current assets		4,779,619		4,836,691		(57,072	)
Property, plant and equipment, net		1,815,290		1,815,290		-
Right of use assets, net		137,187		137,187		-
Deferred income tax		302,651		302,651		-
Investment in subsidiaries		1,237		1,237		-
Intangible assets, net		665,905		618,970		46,935			H
Goodwill		3,158,464		3,158,464		-
Other assets		116,875		116,875		-
Total non-current assets		6,197,609		6,150,674		46,935
Total assets		10,977,228		10,987,365		(10,137	)
Liabilities and Stockholders’ Equity
Short term debt and borrowings		642,647		642,647		-
Accounts payable to suppliers		1,362,098		1,362,098		-
Accrued expenses		393,486		389,190		4,296			B
Provisions		812,802		805,636		7,166			D
Income tax payable		168,380		159,425		8,955			E
Value added tax payable		77,272		77,272		-
Trade accounts payable to related parties		120,370		120,370		-
Statutory employee profit sharing		103,235		103,235		-
Lease liability		103,274		103,274		-
Derivative financial instruments		29,926		29,926		-
Total current liabilities		3,813,490		3,793,073		20,417
Employee benefits		227,923		227,923		-
Deferred income tax		77,744		98,304		(20,560	)		A,B,C,D
Lease liability		33,190		33,190		-
Long term debt and borrowings		5,910,384		5,910,384		-
Total non-current liabilities		6,249,241		6,269,801		(20,560	)
Total Liabilities		10,062,731		10,062,874		(143	)

Stockholders’ Equity		913,749		923,743		(9,994	)		A,B,C,D,E,H
Non-controlling interest		748		748		-
Total Stockholders’ Equity		914,497		924,491		(9,994	)
Total Liabilities and Stockholders’ Equity		10,977,228		10,987,365		(10,137	)

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on September 30, 2022

(In Thousands of Mexican Pesos)

For the three-months ended on September 30, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		3,171,289			3,157,842			13,447			A
Cost of sales		983,549			999,584			(16,035	)		A,B
Gross profit		2,187,740			2,158,258			29,482

Administrative expenses		708,542			730,710			(22,168	)		D,H
Selling expenses		859,266			862,474			(3,208	)		C
Distribution expenses		157,968			157,968			-
Total expenses		1,725,776			1,751,152			(25,376	)

Share of results of subsidiaries		-			-			-

Operating income		461,964			407,106			54,858

Interest expense		(184,872	)		(184,873	)		1
Interest income		7,070			7,070			-
Unrealized gain in valuation of financial derivative instruments		12,978			12,978			-
Foreign exchange loss, net		(25,503	)		(25,503	)		-
Financing cost, net		(190,327	)		(190,328	)		1

Income before income taxes		271,637			216,778			54,859

Income taxes		220,098			210,680			9,418			A,B,C,D

Net income including minority interest		51,539			6,098			45,441
Non-controlling interest loss		414			414			-
Net income		51,953			6,512			45,441

For the three-months ended on September 30, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		51,539			6,098			45,441			A,B,C,D,H
(+) Income taxes		220,098			210,680			9,418			A,B,C,D
(+) Financing cost, net		190,327			190,328			(1	)
(+) Depreciation and amortization		72,966			96,434			(23,468	)		H
EBITDA		534,930			503,540			31,390
EBITDA margin		16.9	%		15.9	%		(1.0	)%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the nine-months ended on September 30, 2022

(In Thousands of Mexican Pesos)

For the nine-months ended on September 30, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		8,275,089			8,269,897			5,192			A,G
Cost of sales		2,623,695			2,683,549			(59,854	)		A,B,G
Gross profit		5,651,394			5,586,348			65,046

Administrative expenses		1,797,226			1,837,868			(40,642	)		D,G,H
Selling expenses		1,897,794			1,907,406			(9,612	)		C
Distribution expenses		384,184			384,184			-
Total expenses		4,079,204			4,129,458			(50,254	)

Share of results of subsidiaries		(16,611	)		(18,333	)		1,722			G

Operating income		1,555,579			1,438,557			117,022

Interest expense		(345,452	)		(345,453	)		1
Interest income		22,783			22,783			-
Unrealized loss in valuation of financial derivative instruments		(58,119	)		(58,119	)		-
Foreign exchange loss, net		(50,551	)		(50,551	)		-
Financing cost, net		(431,339	)		(431,340	)		1

Income before income taxes		1,124,240			1,007,217			117,023

Income taxes		503,830			482,459			21,371			A,B,C,D

Net income including minority interest		620,410			524,758			95,652
Non-controlling interest loss		2,199			1,050			1,149			G
Net income		622,609			525,808			96,801

For the nine-months ended on September 30, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		620,410			524,758			95,652			A,B,C,D,G,H
(+) Income taxes		503,830			482,459			21,371			A,B,C,D
(+) Financing cost, net		431,339			431,340			(1	)
(+) Depreciation and amortization		161,187			208,123			(46,936	)		H
EBITDA		1,716,766			1,646,680			70,086
EBITDA margin		20.7	%		19.9	%		0.80	%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the nine-months ended on September 30, 2022

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		620,410			524,758			95,652		A,B,C,D,G,H
Adjustments for:
Income tax expense recognized in profit of the year		503,830			482,459			21,371		A,B,C,D
Depreciation and amortization of non-current assets		161,187			208,123			(46,936	)	H
Interest income recognized in profit or loss		(22,783	)		(22,783	)		-
Interest expense recognized in profit or loss		345,452			345,453			(1	)
Unrealized loss in valuation of financial derivative instruments		58,119			58,119			-
Share-based payment expense		9,011			9,011			-
Gain on disposal of equipment		(5	)		(5	)		-
Currency translation effect		(153	)		(153	)		-
Loss in subsidiaries		4,537			3,388			1,149		G
Movements in working capital:
Trade accounts receivable		17,741			18,170			(429	)	A
Trade accounts receivable from related parties		7,637			7,637			-
Inventory, net		(122,555	)		(70,369	)		(52,186	)	A,B
Prepaid expenses and other assets		(167,199	)		(157,574	)		(9,625	)	C
Accounts payable to suppliers and accrued expenses		(852,653	)		(839,766	)		(12,887	)	B
Provisions		4,830			940			3,890		D
Value added tax payable		98,361			98,361			-
Statutory employee profit sharing		(9,265	)		(9,265	)		-
Trade accounts payable to related parties		120,573			120,573			-
Income taxes paid		(433,955	)		(433,955	)		-
Employee benefits		12,371			12,371			-
Net cash generated by operating activities		355,491			355,493			(2	)
Cash flows from investing activities:
Investment in subsidiaries		(4,699,204	)		(4,699,204	)		-
Payments for property, plant and equipment, net		(129,218	)		(129,218	)		-
Proceeds from disposal of property, plant and equipment, net		7,229			7,229			-
Interest received		27,598			27,597			1
Net cash used in investing activities		(4,793,595	)		(4,793,596	)		1
Cash flows from financing activities:
Repayment of borrowings		(370,157	)		(370,157	)		-
Proceeds from borrowings		5,490,252			5,490,252			-
Interest paid		(334,987	)		(334,987	)		-
Costs of emission		(88,144	)		(88,144	)
Lease payment		(37,599	)		(37,600	)		1
Share repurchases		(25,264	)		(25,264	)		-
Dividends paid		(899,610	)		(899,610	)		-
Net cash used in in financing activities		3,734,491			3,734,490			1
Net decrease in cash and cash equivalents		(703,613	)		(703,613	)		-
Cash and cash equivalents at the beginning of the period		1,175,198			1,175,198			-
Cash and cash equivalents at the end of the period		471,585			471,585			-

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of December 31, 2022

(In Thousands of Mexican Pesos)

As of December 31, 2022

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		815,644		686,146		129,498		I
Trade accounts receivable, net		971,063		995,200		(24,137	)	A
Accounts receivable from related parties		61		61		-
Inventories		2,122,670		2,111,089		11,581		A,B
Prepaid expenses		52,562		73,357		(20,795	)	C
Income tax recoverable		204,860		90,231		114,629		J,E
Other assets		188,266		471,126		(282,860	)	I,J,K
Total current assets		4,355,126		4,427,210		(72,084	)
Property, plant and equipment, net		2,973,374		2,973,374		-
Right of use assets, net		293,565		293,565		-
Deferred income tax		319,157		319,157		-
Investment in subsidiaries		1,236		1,236		-
Intangible assets, net		1,743,882		1,673,479		70,403		H
Goodwill		1,599,718		1,575,127		24,591		K
Other assets		46,675		115,384		(68,709	)	L
Total non-current assets		6,977,607		6,951,322		26,285
Total assets		11,332,733		11,378,532		(45,799	)
Liabilities and Stockholders’ Equity
Short term debt and borrowings		230,419		230,419		-
Accounts payable to suppliers		1,371,778		1,371,778		-
Accrued expenses		305,588		305,588		-
Provisions		793,412		790,136		3,276		D
Value added tax payable		89,142		89,142		-
Trade accounts payable to related parties		96,859		96,859		-
Statutory employee profit sharing		135,298		135,298		-
Lease liability		85,399		211,656		(126,257	)	M
Derivative financial instruments		15,329		15,329		-
Total current liabilities		3,123,224		3,246,205		(122,981	)
Employee benefits		153,907		222,616		(68,709	)	L
Deferred income tax		833,557		844,545		(10,988	)	A,B,C,D
Lease liability		206,509		80,252		126,257		M
Long term debt and borrowings		5,918,256		5,918,256		-
Total non-current liabilities		7,112,229		7,065,669		46,560
Total Liabilities		10,235,453		10,311,874		(76,421	)

Stockholders’ Equity		1,096,097		1,065,475		30,622		A,B,C,D,H
Non-controlling interest		1,183		1,183		-
Total Stockholders’ Equity		1,097,280		1,066,658		30,622
Total Liabilities and Stockholders’ Equity		11,332,733		11,378,532		(45,799	)

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on December 31, 2022

(In Thousands of Mexican Pesos)

For the three-months ended on December 31, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		3,232,460			3,229,328			3,132		A,G
Cost of sales		955,398			977,533			(22,135	)	A,B,G
Gross profit		2,277,062			2,251,795			25,267

Administrative expenses		799,416			739,516			59,900		D,G,H
Selling expenses		910,236			953,728			(43,492	)	C
Distribution expenses		89,332			138,722			(49,390	)
Total expenses		1,798,984			1,831,966			(32,982	)

Share of results of subsidiaries		(5,251	)		(3,529	)		(1,722	)	G

Operating income		472,827			416,300			56,527

Interest expense		(197,869	)		(197,868	)		(1	)
Interest income		5,906			5,906			-
Unrealized gain in valuation of financial derivative instruments		14,597			14,597			-
Foreign exchange loss, net		(32,817	)		(32,817	)		-
Financing cost, net		(210,183	)		(210,182	)		(1	)

Income before income taxes		262,644			206,118			56,526

Income taxes		13,090			(1,670	)		14,760		A,B,C,D,E

Net income including minority interest		249,554			207,788			41,766
Non-controlling interest loss		394			1,543			(1,149	)	G
Net income		249,948			209,331			40,617

For the three-months ended on December 31, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		249,554			207,788			41,766		A,B,C,D,E,G,H
(+) Income taxes		13,090			(1,670	)		14,760		A,B,C,D,E
(+) Financing cost, net		210,183			210,182			1
(+) Depreciation and amortization		126,515			149,982			(23,467	)	H
EBITDA		599,342			566,282			33,060
EBITDA margin		18.5	%		17.5	%		1.0	%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the twelve-months ended on December 31, 2022

(In Thousands of Mexican Pesos)

For the twelve-months ended on December 31, 2022

	Adjusted			Previously presented			Difference			Reference
Net revenue		11,507,549			11,499,225			8,324		A
Cost of sales		3,579,093			3,661,082			(81,989	)	A,B
Gross profit		7,928,456			7,838,143			90,313

Administrative expenses		2,596,642			2,577,384			19,258		D,H
Selling expenses		2,808,030			2,861,134			(53,104	)	C
Distribution expenses		473,516			522,906			(49,390	)
Total expenses		5,878,188			5,961,424			(83,236	)

Share of results of subsidiaries		(21,862	)		(21,862	)		-

Operating income		2,028,406			1,854,857			173,549

Interest expense		(543,321	)		(543,321	)		-
Interest income		28,689			28,689			-
Unrealized loss in valuation of financial derivative instruments		(43,522	)		(43,522	)		-
Foreign exchange loss, net		(83,368	)		(83,368	)		-
Financing cost, net		(641,522	)		(641,522	)		-

Income before income taxes		1,386,884			1,213,335			173,549

Income taxes		516,920			480,789			36,131		A,B,C,D,E

Net income including minority interest		869,964			732,546			137,418
Non-controlling interest loss		2,593			2,593			-
Net income		872,557			735,139			137,418

For the twelve-months ended on December 31, 2022

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		869,964			732,546			137,418		A,B,C,D,E,H
(+) Income taxes		516,920			480,789			36,131		A,B,C,D,E
(+) Financing cost, net		641,522			641,522			-
(+) Depreciation and amortization		287,702			358,105			(70,403	)	H
EBITDA		2,316,108			2,212,962			103,146
EBITDA margin		20.1	%		19.2	%		0.90	%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the twelve-months ended on December 31, 2022

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		869,964			732,546			137,418		A,B,C,D,E,H
Adjustments for:
Income tax expense recognized in profit of the year		516,920			480,789			36,131		A,B,C,D,E
Depreciation and amortization of non-current assets		287,702			358,105			(70,403	)	H
Interest income recognized in profit or loss		543,321			543,321			-
Interest expense recognized in profit or loss		(28,689	)		(28,689	)		-
Loss of property, plant, equipment sale		4,758			4,758			-
Unrealized gain in valuation of financial derivative instruments		43,522			43,522			-
Share-based payment expense		5,991			5,934			57
Currency effect		(8,653	)		789			(9,442	)	X
Divestment of subsidiaries		10,983			11,755			(772	)	G
Movements in working capital:
Trade accounts receivable		266,640			274,963			(8,323	)	A
Trade accounts receivable from related parties		30,246			30,246			-
Inventory, net		171,260			236,064			(64,804	)	A,B
Prepaid expenses and other assets		(48,383	)		(186,595	)		138,212		C,I,J,K,L
Accounts payable to suppliers and accrued expenses		(940,039	)		(915,238	)		(24,801	)	B,P
Provisions		(24,640	)		(24,640	)		-
Value added tax payable		110,231			110,231			-
Statutory employee profit sharing		22,798			22,798			-
Trade accounts payable to related parties		97,029			86,615			10,414		P
Income taxes paid		(542,527	)		(542,527	)		-
Employee benefits		21,268			21,268			-
Net cash generated by operating activities		1,409,702			1,266,015			143,687
Cash flows from investing activities:
Investment in subsidiaries		(4,700,349	)		(4,700,349	)		-
Payments for property, plant and equipment, net		(175,653	)		(169,652	)		(6,001	)	X
Proceeds from disposal of property, plant and equipment, net		22,091			16,090			6,001		X
Interest received		28,689			43,384			(14,695	)	P
Net cash used in investing activities		(4,825,222	)		(4,810,527	)		(14,695	)
Cash flows from financing activities:
Repayment of borrowings		(1,120,025	)		(1,120,025	)		-
Proceeds from borrowings		5,818,705			5,818,705			-
Interest paid		(502,847	)		(502,847	)		-
Costs of emission		(88,722	)		(88,722	)		-
Lease payment		(76,214	)		(76,777	)		563
Share repurchases		(25,321	)		(25,264	)		(57	)
Dividends paid		(949,610	)		(949,610	)		-
Net cash generated by in financing activities		3,055,966			3,055,460			506
Net decrease in cash and cash equivalents		(359,554	)		(489,052	)		129,498		I
Cash and cash equivalents at the beginning of the period		1,175,198			1,175,198			-
Cash and cash equivalents at the end of the period		815,644			686,146			129,498

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Financial Position

As of March 31,2023

(In Thousands of Mexican Pesos)

As of March 31, 2023

	Adjusted		Previously presented		Difference			Reference
Assets
Cash and cash equivalents		579,788		579,788		-
Trade accounts receivable, net		1,209,278		1,238,152		(28,874	)	A
Accounts receivable from related parties		12		12		-
Inventories		1,845,278		1,832,185		13,093		A,B
Prepaid expenses		113,075		134,843		(21,768	)	C
Income tax recoverable		217,268		235,280		(18,012	)	E
Other assets		192,968		192,968		-
Total current assets		4,157,667		4,213,228		(55,561	)
Property, plant and equipment, net		2,933,315		2,933,315		-
Right of use assets, net		282,343		282,343		-
Deferred income tax		319,157		319,157
Investment in subsidiaries		1,236		1,236		-
Intangible assets, net		1,715,686		1,645,283		70,403		H
Goodwill		1,599,718		1,553,689		46,029		Q
Other assets		44,373		44,373		-
Total non-current assets		6,895,828		6,779,396		116,432
Total assets		11,053,495		10,992,624		60,871
Liabilities and Stockholders’ Equity
Short term debt and borrowings		761,419		761,419		-
Accounts payable to suppliers		1,382,580		1,382,580		-
Accrued expenses		280,890		279,784		1,106		X
Provisions		791,437		792,345		(908	)	D
Value added tax payable		132,192		132,192		-
Trade accounts payable to related parties		104,917		104,917
Statutory employee profit sharing		162,844		162,A844		-
Lease liability		94,890		94,890		-
Derivative financial instruments		65,545		65,545		-
Total current liabilities		3,776,714		3,776,516		198
Employee benefits		150,876		150,876		-
Deferred income tax		832,239		844,545		(12,306	)	A,B,C,D
Lease liability		184,731		184,731		-
Long term debt and borrowings		4,926,846		4,926,846		-
Total non-current liabilities		6,094,692		6,106,998		(12,306	)
Total Liabilities		9,871,406		9,883,514		(12,108	)

Stockholders’ Equity		1,180,732		1,107,753		72,979		Q
Non-controlling interest		1,357		1,357
Total Stockholders’ Equity		1,182,089		1,109,110		72,979
Total Liabilities and Stockholders’ Equity		11,053,495		10,992,624		60,871

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Profit or Loss and Other Comprehensive Income

For the three-months ended on March 31, 2023

(In Thousands of Mexican Pesos)

For the three-months ended on March 31, 2023

	Adjusted		Previously presented			Difference			Reference
Net revenue		3,264,211		3,268,948			(4,737	)	A
Cost of sales		887,983		889,495			(1,512	)	A
Gross profit		2,376,228		2,379,453			(3,225	)

Administrative expenses		824,760		824,562			198		D
Selling expenses		845,475		844,502			973		C
Distribution expenses		145,177		145,177			-
Total expenses		1,815,412		1,814,241			1,171

Share of results of subsidiaries		-		-			-

Operating income		560,816		565,212			(4,396	)

Interest expense		-210,935		(210,935	)		-
Interest income		12,494		12,494			-
Unrealized loss in valuation of financial derivative instruments		-50,216		(50,216	)		-
Foreign exchange gain, net		-10,573		(10,573	)		-
Financing cost, net		-259,230		(259,230	)		-

Income before income taxes		301,586		305,982			(4,396	)

Income taxes		113,357		114,081			(724	)	A,C,D,E

Net income including minority interest		188,229		191,901			(3,672	)
Non-controlling interest gain		-232		(232	)		-
Net income		187,997		191,669			(3,672	)

For the three-months ended on March 31, 2023

Concept	Adjusted			Previously presented			Difference			Reference
Net income including minority interest		188,229			191,901			(3,672	)	A,C,D,E
(+) Income taxes		113,357			114,081			(724	)	A,C,D,E
(+) Financing cost, net		259,230			259,230			-
(+) Depreciation and amortization		93,744			93,744			-
EBITDA		654,560			658,956			(4,396	)
EBITDA margin		20.1	%		20.2	%		(0.1	)%

Betterware de México, S.A.P.I. de C.V.

Consolidated Statements of Cash Flows

For the three-months ended on March 31, 2023

(In Thousands of Mexican Pesos)

	Adjusted			Previously presented			Difference			Reference
Cash flows from operating activities:
Profit for the period		188,229			191,901			(3,672	)	A,C,D,E
Adjustments for:
Income tax expense recognized in profit of the year		113,357			114,081			(724	)	A,C,D,E
Depreciation and amortization of non-current assets		93,744			93,744			-
Interest income recognized in profit or loss		(12,494	)		(12,494	)		-
Interest expense recognized in profit or loss		210,935			210,935			-
Unrealized loss in valuation of financial derivative instruments		50,216			50,216			-
Share-based payment expense		489			489			-
Currency translation effect		(4,045	)		(4,125	)		80
Movements in not- controlling interest		(58	)		(58	)		-
Movements in working capital:
Trade accounts receivable		(238,216	)		(242,952	)		4,736		A
Trade accounts receivable from related parties		49			49			-
Inventory, net		277,392			278,904			(1,512	)	A
Prepaid expenses and other assets		(62,914	)		70,657			(133,571	)	C,I,J,K,L
Accounts payable to suppliers and accrued expenses		(6,512	)		(15,861	)		9,349		B,P
Provisions		(1,975	)		2,209			(4,184	)	D
Value added tax payable		43,050			43,050			-
Statutory employee profit sharing		27,546			27,546			-
Trade accounts payable to related parties		8,058			8,058			-
Income taxes paid		(129,866	)		(129,866	)		-
Employee benefits		(3,031	)		(3,031	)		-
Net cash generated by in operating activities		553,954			683,452			(129,498	)
Cash flows from investing activities:
Investment in subsidiaries		-			-			-
Payments for property, plant and equipment, net		(10,707	)		(10,707	)		-
Proceeds from disposal of property, plant and equipment, net		6,065			6,065			-
Interest received		12,494			12,494			-
Net cash generated by investing activities		7,852			7,852			-
Cash flows from financing activities:
Repayment of borrowings		(1,000,000	)		(1,000,000	)		-
Proceeds from borrowings		550,000			550,000			-
Interest paid		(215,719	)		(215,719	)		-
Lease payment		(32,137	)		(32,137	)		-
Dividends paid		(99,806	)		(99,806	)		-
Net cash used in in financing activities		(797,662	)		(797,662	)		-
Net decrease in cash and cash equivalents		(235,856	)		(106,358	)		(129,498	)
Cash and cash equivalents at the beginning of the period		815,644			686,146			129,498
Cash and cash equivalents at the end of the period		579,788			579,788			-