Grupo Posadas (POSADAS ) investor relations material

Executive summary

• 1Q26 revenue was MXN 2,889 million, down 1% quarter-over-quarter and 0.9% year-over-year.

• EBITDA for 1Q26 was MXN 406 million, a 27–27.5% decrease quarter-over-quarter and year-over-year.

• Net income for 1Q26 was MXN 16 million, a significant drop from MXN 149 million in the prior year.

• Occupancy rate was 59%, down 4 percentage points year-over-year, with demand declining across all segments.

• S&P Global Ratings upgraded the credit rating to 'B+' from 'B' after improved debt structure.

Financial highlights

• RevPAR for 1Q26 was MXN 2,109, a 6% year-over-year decrease; ADR was MXN 2,557.

• Coastal hotels saw a 21% drop in RevPAR; upscale & luxury and midscale & economy segments declined 9% and 3%, respectively.

• Cash balance as of March 31, 2026, was MXN 1,021 million, down 68% after MXN 1,717 million was used for debt prepayment.

• Net debt to EBITDA ratio increased to 3.49x from 3.19x year-over-year.

• EBITDA margin compressed due to lower revenue and higher costs.

Outlook and guidance

• Pipeline includes 34 new hotels with 4,790 rooms, representing 16% growth, with most openings expected by 2027.

• 61% of new rooms will be in coastal destinations, with operating contracts averaging over 15 years.

• New hotel openings and brand expansions planned for 2026.