Sociedad Matriz SAAM (SMSAAM) investor relations material

Executive summary

• Revenue reached US$161.4 million in 1Q26, up 9% year-over-year, with EBITDA of US$49.9 million (+1%) and net income of US$19.7 million (+8%), driven by increased activity and favorable service mix in Towage and Air Logistics.

• Operations expanded with new towage services in Colombia and courier operations in Chile, and the launch of the SAP S/4HANA ERP system in corporate and Mexican subsidiaries.

• Shareholders approved a final dividend of US$60.4 million, distributing 100% of 2025 net income.

• Operations remain resilient amid market volatility, with ongoing investments in technology and service expansion.

Financial highlights

• Consolidated revenue increased 9% to US$161.4 million compared to 1Q25; cost of sales rose 12% to US$114.2 million; administrative expenses up 8% to US$24.5 million.

• EBITDA rose 1% to US$49.9 million, with EBITDA margin declining to 30.9% from 33.4%.

• Net income attributable to controlling interest grew 8% to US$19.7 million.

• Non-operating income improved to US$694 thousand from a loss of US$2 million YoY, mainly due to exchange differences.

• Total assets rose 0.3% to US$1.87 billion as of March 2026.

Outlook and guidance

• Investment plan of approximately US$120 million focused on new towboats, major vessel maintenance, infrastructure, and sustainability projects.

• Management expects continued resilience and growth, leveraging increased activity, service mix improvements, and technology investments.

• Continued focus on diversification, efficiency improvements, and inorganic growth opportunities.