Grupo Bimbo (BIMBOA) investor relations material

Executive summary

• Net sales reached a record Ps. 107,503 million for the second quarter, up 9.4% year-over-year, driven by growth in Mexico, Latin America, EAA, and recent acquisitions.

• Operations outside the U.S. achieved record sales or EBITDA margin, while North America saw productivity gains and share recovery despite a challenging environment.

• EBITDA margin contracted due to North American headwinds and transformation investments, but sequential sales growth and strategic investments position the company for long-term value.

• Diversified model and innovation rate above 12% supported resilience and value creation.

• Strategic acquisitions expanded presence to 39 countries, serving 76 countries worldwide.

Financial highlights

• Gross profit rose 9.1% to Ps. 56,725 million; gross margin slightly contracted by 10 bps to 52.8% due to higher indirect and labor costs.

• Adjusted EBITDA increased 6.7% to Ps. 14,897 million; margin contracted 30 bps to 13.9%.

• Operating income declined 2.2% to Ps. 8,479 million; margin contracted 90 bps to 7.9%.

• Net majority income fell 14.9% to Ps. 2,823 million, mainly due to lower operating income and higher costs.

• Total debt closed at Ps. 157 billion, up from Ps. 151 billion at year-end 2024, mainly due to acquisitions and CapEx.

Outlook and guidance

• Full-year sales growth guidance revised to mid-single digits due to a stronger peso.

• Adjusted EBITDA margin expected to be flat to a slight contraction for the full year, with margin expansion anticipated in the second half.

• Over US$2 billion investment planned in Mexico from 2025 to 2028.

• CapEx guidance lowered to $1.3–1.4 billion, reflecting project execution pace.

• Commitment to improve nutritional profile: 99% of daily products now free of artificial flavors and colorants; target for 100% compliance on added sugars, sodium, saturated and trans fats by end of 2025.