Inbursa files INCA listing plan as Inbursa stock trades at EUR 2.22

Published on 10/16/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Inbursa registered an INCA listing request covering 2,016.20 million shares on October 12, 2026. Inbursa stock costs EUR 2.22 on October 16, 2026.

Corporate structure and quarterly earnings

Inbursa registered the INCA listing request on October 12, 2026, covering 2,016.20 million shares.
Second-quarter 2026 net income was MXN 5.93 billion, down from MXN 7.31 billion in the first quarter.
Inbursa stock trades at EUR 2.22 at 9:27 a.m. CEST at Lang & Schwarz on October 16, 2026.

Inbursa, MXP370641013, Illustration mit AI erstellt.

Inbursa (ISIN MXP370641013) was trading at EUR 2.22 at Lang & Schwarz on October 16, 2026 at 9:27 a.m. CEST. The financial group registered a request to list 2,016.20 million shares of Inversiones de Capitales INCA on October 12, 2026, according to Yahoo Finance.

INCA adds a structural catalyst

The proposed listing would follow a partial spin-off from Inbursa and would not involve a public offering. The filing states that shareholders would receive one INCA share for every three Series O shares held, while the new vehicle would have MXN 40.00 billion in nominal share capital, Yahoo Finance reported on October 15, 2026.

The structure matters because the spin-off would separate non-financial investments from the regulated banking group. The same report says the preliminary documents assign 62.53 percent of INCA Series O-1 shares to Carlos Slim and his family, creating a clear control feature before the new listing begins.

What do the earnings show?

Inbursa reported net income of MXN 5.93 billion for the second quarter of 2026, compared with MXN 7.31 billion in the first quarter, while quarterly revenue was MXN 35.19 billion, according to Investing.com. The sequential comparison puts the INCA transaction alongside a softer earnings quarter rather than treating the listing plan as a standalone valuation event.

Three dated developments

On June 30, 2026, Inbursa recorded MXN 5.93 billion in second-quarter net income. On October 2, 2026, Fitch Ratings affirmed Banco Inbursa ratings at BBB- and kept the outlook stable. On October 12, 2026, Inbursa registered the INCA listing request covering 2,016.20 million shares.

Credit quality stays measurable

Fitch said Banco Inbursa had a common equity Tier 1 ratio of 23.20 percent at the end of the first half of 2026 and Stage 3 loans of 1.90 percent of gross loans. The agency also cited a cost-to-income ratio near 25 percent and said profitability could recover toward 4.00 percent over the medium term. These figures frame the listing plan against capital strength and asset-quality metrics, not only the proposed distribution of investments.

Stock trades before the Xetra session

The euro quote places Inbursa in the pre-market phase for German investors. Its BMV reference remains the Mexican listing under ticker GFINBUR, while the market capitalization was MXN 280.0 billion and the 52-week range was MXN 40.40 to MXN 54.97 as of October 15, 2026.

Inbursa was trading at EUR 2.22 at Lang & Schwarz on October 16, 2026 at 9:27 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Inbursa stock.