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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Grupo México
Grupo México (GMEXICOB) investor relations material
Grupo México Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
9M26 revenue reached $17.616bn, up 35.3% YoY, and EBITDA was $10.620bn, up 49.9%; mining was the largest contributor.
Q3 growth reflected higher metal prices and volumes, Saavi Energía integration and drilling recovery; the Salamanca-León highway stake sale boosted Infrastructure net income.
Financial highlights
Q3 revenue was $6.333bn, up 37.9% YoY; operating income rose 60.4% to $3.335bn, EBITDA rose 50.5% to $3.770bn, and net income rose 62.9% to $1.97bn.
9M operating income rose 58.1% to $9.228bn; net income increased 72.0% to $5.70bn, and EBITDA margin was 60.3% versus 54.4% in 9M25.
9M cash generation was $3.6bn; cash at period-end was $13.8bn.
Q3 CapEx was $694.7m, up 49.5%; 9M CapEx was $1.80bn, up 27.1%.
Outlook and guidance
Transportation 2027 guidance is 5%–8% carload volume growth and 8%–10% revenue growth; approved CapEx is $619.2m, versus $450m in 2026.
Tía María was 49.6% complete at September 30, with operations expected in 1H28 and early-stage annual output of 120,000 tons of copper cathodes.
El Pilar construction is expected to begin in Q1 2027, with production targeted for 2H29 and projected annual cathode output of 36,000 tons.
Long-term investment plans exceed $45bn across Mining, Transportation and Infrastructure; mining projects could require over $27bn this decade.
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Latest events from Grupo México
- Record FY2021 earnings, low leverage and a $2.27B 2022 investment plan.GMEXICOB
Q4 2021 - 2022 earnings declined, but Q4 recovery and $1.83B of planned 2023 investment support growth.GMEXICOBQ4 2022
- Transportation and infrastructure growth offset mining weakness as copper output rose.GMEXICOBQ4 2023
- Revenue up 33.8% and EBITDA up 49.6%, driven by mining and transport; major projects advanced.GMEXICOBQ2 2026
- Double-digit 2025 sales and EBITDA growth led by mining, with strong cash flow and project expansion.GMEXICOBQ4 2025
- Record sales and EBITDA, with lower copper output and mixed segment results.GMEXICOBQ1 2026
- Double-digit revenue and EBITDA growth in 3Q25, led by mining and strong cash generation.GMEXICOBQ3 2025
- 2Q25 saw 10% revenue growth, margin expansion, and strong segment gains in automotive and minerals.GMEXICOBQ2 2025
- Double-digit revenue and EBITDA growth led by strong mining and cost control.GMEXICOBQ3 2024
Next Grupo México earnings date
Q4 20265 Feb, 2027
Grupo México
Next Grupo México earnings date
Q4 20265 Feb, 2027
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Frequently asked questions
Grupo México S.A.B. de C.V. is a diversified conglomerate with operations in mining, transportation, and infrastructure. It is a major producer of copper and operates railway and construction services in Mexico and the United States. The company is headquartered in Mexico City, Mexico, and its shares are listed on the BMV.