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Promotora y Operadora de Infraestructura S. A. B. (PINFRA) investor relations material
Promotora y Operadora de Infraestructura S. A. B. Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
3Q26 revenue rose 33% YoY to Ps. 6,639.7 million, supported by toll-road performance, construction activity and asphalt-mix sales. Reported EBITDA and net income fell sharply against 3Q25, which included the IPM sale gain.
Toll-road traffic increased 4% YoY; management cited continued project execution and a solid financial position supporting its investment plan.
Financial highlights
Revenue was Ps. 6,639.7 million, up 33% YoY; operating income was Ps. 3,053.5 million, down 78% reported, and net income was Ps. 3,001.3 million, down 69% reported.
EBITDA was Ps. 3,304.2 million, down 77% reported; excluding the IPM sale gain in 3Q25, EBITDA would have been 49% higher YoY.
Excluding the IPM sale gain in 3Q25, operating income would have risen 59% and net income 180% YoY in 3Q26.
Cash flow generated from operations was Ps. 2,476.5 million versus Ps. 17,046.0 million in 3Q25, which included cash proceeds from the IPM sale.
Comprehensive financing result was favorable by Ps. 1,418.8 million versus an unfavorable Ps. 32.5 million in 3Q25; improvement reflected FX, interest income and interest expense.
Outlook and guidance
Main works on the Armería-Manzanillo widening are expected to finish in October 2026, with complementary works continuing; project investment is estimated at Ps. 4,000 million.
Colima-Armería widening was approximately 76% complete, with operations tentatively expected to start in December 2026; investment is Ps. 5,700 million.
Macrolibramiento Sur Colima construction is expected to finish in March 2027; estimated investment is Ps. 5,298 million.
Uruapan-Nueva Italia works are expected to finish in August 2027; estimated investment is Ps. 6,500 million.
- Revenue up 23% and EBITDA up 7% on strong toll and construction growth; net profit down 17%.PINFRA
Q2 2026 - Net profit doubled and revenues rose 12% in Q2 2024, fueled by strong concessions and FX gains.PINFRA
Q2 2024 - Strong revenue and profit growth in 3Q24, driven by toll roads and construction projects.PINFRA
Q3 2024 - Net income jumped 54% on 19% revenue growth, with robust project execution and new concessions.PINFRA
Q4 2024 - EBITDA rose 8% and operating income 10% despite a 5% revenue drop, led by toll road growth.PINFRA
Q1 2025 - Strong revenue and EBITDA growth, major asset sale, and robust project pipeline drive outlook.PINFRA
Q2 2025 - Net income surged 326% in 3Q25, driven by the Altamira Port sale and strong toll road performance.PINFRA
Q3 2025 - Revenue up 10% YoY in 4Q25, but net income dropped 60% on FX loss; major projects advance.PINFRA
Q4 2025 - Revenue up 18% and net income up 36% year-over-year, driven by toll roads and construction.PINFRA
Q1 2026
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