Grupo Traxión (TRAXIONA) Q4 2025 earnings summary

Executive summary

• Completed the strategic acquisition and integration of Solistica, enhancing the asset-light profile and industry leadership, and boosting segment revenue mix.

• Achieved 2025 guidance figures and solid financial results despite market challenges and cost pressures.

• Sustainability efforts recognized with inclusion in S&P Global Sustainability Yearbook and improved ESG ratings.

• Asset-light business now represents a majority of revenues, setting a new EBITDA margin standard of around 16%.

Financial highlights

• Consolidated revenues for 4Q25 were Ps. 11,051 million, up 45.7% year-over-year; full-year revenue grew 16.0%.

• Operating cash flow more than doubled in the quarter and grew 33.2% year-over-year.

• Net income declined over 24% from 2024, mainly due to higher interest expenses and FX/tariff uncertainties.

• EBITDA for 4Q25 was Ps. 1,392 million, flat year-over-year; EBITDA margin contracted to 12.6%.

• CapEx for 4Q25 was Ps. 391 million; full-year CapEx was Ps. 2,349 million, aligned with investment plans.

Outlook and guidance

• 2026 guidance projects approximately 10% growth in both revenue and EBITDA, with CapEx of MXN 2.4 billion and EBITDA margin around 16%.

• CapEx as a percentage of revenue is lower than previous years, reflecting business stabilization.

• Expecting a better outlook and normalization in 2026, with recovery in client investment decisions.