Grupo Traxión (TRAXIONA) investor relations material

Executive summary

• Q3 revenue rose 8.1% YoY to MXN 9,318,208 thousand; EBITDA fell 15.1% to Ps. 1,199 million, and net income declined to MXN 11,228 thousand.

• 9M revenue rose 21.8% to MXN 27,726,781 thousand, while operating income fell to MXN 1,346,018 thousand and net income to MXN 53,274 thousand.

• Weak freight volumes, elevated fuel costs and Q3 organizational changes pressured margins; priorities include cost discipline, stronger execution and operational efficiency.

Financial highlights

• Q3 operating income fell 30.6% YoY to Ps. 439 million; total costs rose 10.8% to Ps. 7,706 million and general expenses increased 13.6% to Ps. 1,173 million.

• Q3 included MXN 116 million in severance expenses tied to organizational adjustments; elevated fuel costs also pressured operating margins.

• 9M EBITDA declined 7.6% to Ps. 3,658 million; operating cash flow was Ps. 3,104 million for 9M and Ps. 923 million in Q3.

• 9M finance cost, net, was MXN 1,272,178 thousand versus MXN 1,377,707 thousand; financing expenses were lower than in prior periods.

Outlook and guidance

• FY26 revenue growth guidance remains ~10% versus 2025; the original 16% EBITDA margin guidance is no longer expected, with contraction of at least 200 bps relative to that target.

• Q4 margin recovery is expected from fuel-cost pass-through, seasonal effects and Q3 reorganization benefits; cargo could benefit if the peso holds at recent levels.

• Optimization plans include reducing CapEx by at least Ps. 500 million, adjusting prices, rationalizing lower-profitability assets and expanding brokerage through third-party fleet capacity.

• Recovery timing remains uncertain; U.S. recovery could support improvement by Q4 or early 2027, while the commercial pipeline is encouraging.