Consorcio Ara SAB de CV (ARA) investor relations material

Executive summary

• Revenues for Q3 2025 reached P$2,010,000,000, up 8.1% year-over-year, with net income rising 15% to P$199,800,000 and EBITDA up 9.2% to P$298,000,000.

• Product mix shifted towards higher-value middle income and residential segments, driving higher average selling prices.

• Company remains committed to affordable entry-level segment, with new projects planned for Tijuana and expectations for this segment to contribute around 30% of revenues next year.

• Diversification initiatives for land bank assets are ongoing, with decisions on development or sale expected next year.

• Recognized as an EDGE Champion by IFC for sustainable construction, with ongoing certification of new homes.

Financial highlights

• 3Q25 gross profit was P$536,200,000 (+7.9% YoY), with a gross margin of 26.7%.

• Operating income for Q3 2025 was P$197,000,000 (+2.5% YoY), with an operating margin of 9.8%.

• Free cash flow for the quarter was P$183,300,000, and for the first nine months P$342,300,000.

• For the first nine months, total revenues were P$5,930,000,000, up 11.1% YoY; net income was P$551,300,000, up 9.5%.

• Cash and cash equivalents as of 09/30/2025 were P$2,030,000,000, down 12.9% from year-end due to debt repayment.

Outlook and guidance

• Positive free cash flow generation is expected to continue, with a target of around P$500,000,000 for the full year.

• Revenue mix is projected to remain diversified, with affordable entry-level, middle income, and residential segments each contributing significantly.

• New affordable housing projects in Tijuana and potential joint ventures in northern Mexico are planned.

• Management expects to maintain positive momentum and close the year with strong results.