Club América’s First Year on the Mexican Stock Market: A Performance and Financial Review

On February 20, 2024, Club América made history by becoming the first Mexican football club to enter the stock market. Listed under AGUILASCPO.MX, this move signified a major shift in the financial structure of a sports team in Mexico. One year later, the stock has experienced volatility, financial growth, and strategic developments—most notably the recent announcement of the upcoming Adidas partnership.

However, it’s important to clarify that AGUILASCPO does not exclusively represent Club América. Instead, the Ollamani holding company oversees not only the football club but also Estadio Azteca and other commercial ventures. This means that revenue and investment returns from AGUILAS stock are distributed beyond just Club América’s operations—a crucial factor for investors and fans to understand.

With a year-to-date return (YTD) of +4.58% but a one-year decline of -13.91%, the stock has faced both challenges and opportunities. Below, we take a deeper look into its financial performance, trading activity, and future outlook.

Club América’s First Year on the Mexican Stock Market: A Performance and Financial Review

A Look Back at Club América’s Stock Market Debut

Before Club América’s listing, the club had been part of the Grupo Televisa empire. In 2022, Televisa announced a strategic spin-off, leading to the formation of Ollamani S.A.B.—a new holding company that would own both Club América and Estadio Azteca.

On February 12, 2024, it was confirmed that Ollamani would be listed on the Bolsa Mexicana de Valores (BMV) under the ticker AGUILASCPO.MX. The initial share capital at the time of listing was MX$376.8 million ($22.1 million USD), and the public was given access to invest starting February 20, 2024.

At its debut, Club América’s stock was met with strong investor interest, with over 340,000 shares available for trading. However, as with any newly listed company, volatility was expected.

Market Performance and Trading Metrics (As of February 19, 2025)

After a year in the stock market, AGUILASCPO.MX has seen a wide price range, reaching a high of MX$44.95 and a low of MX$32.01. Despite some declines over the past 12 months, 2025 has started on a positive note, with a +4.58% return year-to-date.

Current Trading Metrics

• Last Traded Price: MX$37.02

• Previous Close: MX$36.68

• Daily High / Low: MX$37.02 / MX$36.30

• 52-Week High / Low: MX$44.95 / MX$32.01

• Trading Volume: 13,590 shares (vs. Avg. Volume of 128,573)

These numbers indicate that AGUILAS stock has stabilized after a volatile first year. The daily fluctuations remain narrow, but the broader price range over the year shows the stock has faced market adjustments.

Financial Highlights: Revenue, Profitability, and Cash Reserves

Club América (through Ollamani) has maintained solid financials, showing strong revenue generation and profitability.

Key Financial Figures (Trailing Twelve Months, TTM)

• Revenue: MX$5.98 billion (The club and its associated businesses generated nearly 6 billion pesos from sponsorships, ticket sales, broadcasting rights, and merchandising.)

• Net Income: MX$691.2 million (After covering expenses and taxes, Ollamani made nearly 700 million pesos in profit.)

• Profit Margin: 11.56% (For every MX$100 earned, roughly MX$11.56 remains as profit—strong for a sports organization.)

• Total Cash on Hand: MX$1.23 billion (Cash reserves that ensure financial stability and future investments.)

• Debt-to-Equity Ratio: 11.01% (A low level of debt, indicating that Ollamani finances most of its operations with its own revenue rather than borrowing heavily.)

Despite fluctuations in stock price, these financial indicators suggest that Club América (via Ollamani) is in a strong position. It remains profitable, cash-rich, and minimally leveraged.

Stock Returns vs. Market Benchmarks

To gauge how AGUILASCPO has performed, it helps to compare it against Mexico’s main stock index, the S&P/BMV IPC.

Performance Metric | AGUILASCPO.MX (Club Améria) | S&P/BMV IPC (Mexico’s Stock Market)

• Year-to-Date Return (YTD 2025) | +4.58% (Club América has gained value in 2025) | +1.56%

• 1-Year Return | -13.91% (Investors who bought a year ago have seen their investment shrink) | -5.21%

• 5-Year Return | -13.91% (The stock is still in its early growth phase) | +21.16%

While Club América’s stock underperformed in its first year, the recent recovery in 2025 suggests renewed investor confidence.

The Adidas Partnership: A Game-Changer for Future Growth

Las Águilas in conjunction with their one year celebration of their stock also made a major announcement of their upcoming partnership with Adidas. Confirming the rumors that their 25 year long partnership with Nike would be coming to an end this summer. Emilio Azcárraga, president of the club and Ollamani, expressed his excitement about embarking on this fresh chapter with Adidas, highlighting the brand’s storied history and commitment to quality. Meanwhile, Marcos Martínez, president of the BMV, applauded the deal as a landmark moment that ties together the worlds of sports and finance. Adidas will be the official kit supplier for club America starting July 1, 2025.

Final Thoughts: A Stock to Watch?

Club América (via Ollamani) remains financially strong in the market. Low debt and strong cash reserves give Ollamani financial flexibility. The stock volatility will continue to remain a factor. Although, with the announcement of this new Adidas deal, it could drive long-term stock growth. Not to mention the fact that if the teams continue their success on the field, it can only mean it will translate on the market as well.