FibraHotel (FIHO 12) Q4 2025 earnings summary

Executive summary

• Ended Q4 2025 with 85 hotels and 12,360 rooms in operation, with a portfolio focused on select, limited, and full-service hotels across Mexico.

• Q4 2025 revenues reached Ps. $1,376 million, with EBITDA at Ps. $321 million and a margin of 23.3%.

• Portfolio RevPAR remained stable year-over-year, with a 0.1% increase in effective rate, driven by a 5.5% rise in average rate but offset by a 324 bps drop in occupancy.

• Fiesta Americana Condesa Cancún generated Ps. $59 million in rent, impacted by peso appreciation and lower international demand.

Financial highlights

• Q4 2025 total revenues: Ps. $1,376 million, down 5.4% year-over-year.

• Q4 2025 EBITDA: Ps. $321 million, down 19.1% year-over-year.

• Q4 2025 net loss: (Ps. $244 million), mainly due to non-cash impairments and fair value adjustments.

• Q4 2025 FFO: Ps. $248 million; AFFO: Ps. $170 million.

• Distribution of Ps. $0.15 per CBFI, totaling Ps. $118 million.

Outlook and guidance

• The Ritz-Carlton Cancún, Punta Nizuc project continues on schedule, with Ps. $562 million invested to date.

• Hilton Garden Inn Tijuana Aeropuerto expected to open in Q1 2026 after repositioning.

• Fiesta Inn Ciudad del Carmen closed in January 2026 due to market conditions.