Auna runs a chain of hospitals and clinics across Mexico, Peru, and Colombia, plus prepaid medical plans in Peru and dental/vision insurance in Mexico—think of it as a regional healthcare utility for Latin America.
Revenue hit PEN 4.39B in 2025, with gross margin around 38% and operating margin near 14%, but net margin is razor-thin at 2.2%—money comes from hospital fees and insurance premiums, mostly recurring but low-margin.
Hospitals need heavy capital and local licenses, so new entrants like Grupo Empresarial Sanitas or Rede D'Or face high barriers, but thin margins and regulatory pressure in Peru and Mexico weaken pricing power.

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Auna S.A. was mentioned as one of the stocks that reported earnings yesterday, with its performance listed among other companies.
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