El Puerto de Liverpool (LIVEPOLC) investor relations material

Executive summary

• Consolidated revenues grew 5.0% in Q4 2025 and 6.7% for the full year, reaching MXN 229,137 million year-over-year.

• Commercial segment grew 4.3%, Financial Services 13.6%, and Real Estate 6.7% in Q4 compared to the same quarter last year.

• Net income for Q4 was MXN 7,589 million, down 21.4% year-over-year; full-year net income was MXN 17,150 million, down 25.9%.

• EBITDA for Q4 reached MXN 15,306 million (+3.0% YoY), with a margin of 19.3%.

• Digital ecosystem expanded, with Liverpool's digital sales share at 32% in Q4 and Suburbia's GMV up 20.2%.

Financial highlights

• Total revenues: MXN 79,123 million in Q4 (+5.0% YoY); MXN 229,137 million for 2025 (+6.7% YoY).

• Gross profit: MXN 30,481 million in Q4 (+3.8% YoY); gross margin at 38.5% (-0.5 pp YoY).

• Operating expenses (excl. bad debt, D&A): up 1.1% in Q4; total operating expenses up 6.2%.

• Provision for doubtful accounts increased 34.9% in Q4, reflecting higher credit risk.

• Net debt/EBITDA at 0.52x; cash and equivalents at MXN 25,265 million.

Outlook and guidance

• Continued focus on digital transformation, logistics optimization, and customer experience.

• Expansion of Liverpool Express and launch of GLAM division for wholesale apparel.

• Ongoing investment in technology and logistics, with Arco Norte logistics center operational.