Earnings release
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http://www.fibrahotel.com 1 @FibraHotel FibraHotel (“FibraHotel”), the first real estate investment trust specialized in hotels in Mexico, announces its financial results corresponding to the first quarter of 2025. Mexico City, April 29th, 2025 --- FibraHotel (BMV: FIHO 12), the first real estate investment trust specialized in hotels in Mexico announces its financial results corre sponding to the first quarter of 2025. Except where noted, all figures included herein were prepared in accordance with IFRS and are stated in nominal Mexican pesos. 2025 First Quarter Highlights • FibraHotel ended the first quarter of 2025 with 85 hotels and 12,3601 rooms in operation. • For the Total FibraHotel Portfolio (82 properties excluding two leased hotels and the Fiesta Americana Condesa Cancun hotel), average daily rate (“ ADR”) was Ps. $1,651, occupancy was 58.1% and revenue per available room (“ RevPAR”) was Ps. $958 representing a 7.3% increase versus the first quarter of 2024. • The Fiesta Americana Condesa Cancun hotel had a Net Package ADR 2 of Ps. $ 7,097, occupancy was 84.4%, and Net Package RevPAR was Ps. $5,992. FibraHotel received lease revenue from the property of Ps. $110 million during the quarter. • Total revenues for the quarter were Ps. $1,352 million. • Lodging contribution3 for the quarter was Ps. $464 million. • EBITDA for the quarter was Ps. $351 million. • Funds from operations (“Amefibra FFO”)4 for the quarter were Ps. $269 million. • Adjusted funds from operations (“AFFO”)5 for the quarter were Ps. $186 million. • FibraHotel will pay a distribution of Ps. $118 million, equivalent to 15.00 cents per CBFI6. • As of March 31st, 2025, FibraHotel had a cash position of Ps. $595 million, a debt position of Ps. $4,341 million, and a net debt position of Ps. $3,746 million. • As of March 31st, 2025, total owners´ equity was Ps. $12,609 million. 1 FibraHotel has 3 leased hotels that are not included in the operating indicators. The indicators for the Gamma Guadalajara hotel are also not considered for 2024, as it was sold in April of that year. 2 Fiesta Americana Condesa Cancun is measured with All Inclusive Indicators, considering the package of room and food & beverage. These metrics do not include upgrades or additional purchases made by the guests. 3 Lodging contribution equals total revenues (room rental, food and beverage, leasing and other) minus costs and general expenses directly related to the hotel operation, excluding real estate expenses (property tax, insurance, taxes, and others) and FibraHotel’s administration expenses. Lodging contribution is not an IFRS figure. 4 Funds from operation (“FFO”) is a voluntary metric based on Amefibra´s definition. 5 Adjusted funds from operation (“AFFO”) is defined as net income plus depreciation plus non -operating and non-cash adjustments less maintenance CapEx reserve of the period. AFFO is not an IFRS figure . 6 Based on 789,194,295 CBFIs in circulation with economic rights.
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http://www.fibrahotel.com 2 @FibraHotel "During the first quarter of 2025, FibraHotel’s portfolio showed solid performance, with a 7.3% year -on- year RevPAR growth, a 9.2% increase in ADR, and a 105 basis point decrease in occupancy. The results were driven by strong dynamics in the main cities of the country, including Mexico City, Monterrey, and Guadalajara. The Fiesta Americana Condesa Cancún hotel had a lease revenue of Ps. $110 million as weaker demand in the destination was offset by the favorable currency effect. On a consolidated basis, revenues for the quarter were Ps. $1,352 million and EBITDA was Ps. $351 million, with a margin of 26.0%. These results come under a challenging macroeconomic and political environment that has impacted hotel demand and created market volatility. Our financia l position remains solid, with an LTV of 24.6%. For the first quarter of 2025, FibraHotel will distribute Ps. $0.1500 per CBFI and, for the full year 2025, we expect to make three additional quarterly distributions of Ps. $0.1500 per CBFI, for a total of Ps. $0.60 per CBFI for the year, representing a 9% increase compared to 2024. Despite rising uncertainty in market conditions, we remain confident that the operational and financial strength of FibraHotel, along with the diversification of our portfolio, wi ll allow us to continue generating long -term value.” said Simón Galante, CEO of FibraHotel.
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http://www.fibrahotel.com 3 @FibraHotel Additional information: Disbursement of the BBVA simple credit line On March 2025, Ps. $290 million were disbursed from a credit line with BBVA which has a limit of up to Ps. $1,000 million or USD $30 million. The interest rate on this line is TIIE 28 + 150 basis points. These resources were used to refinance the outstanding balance (Ps. $150 million) of BBVA’s revolving credit line. New operator for The Yucatan Resort Playa del Carmen As part of a strategic operational shift, The Yucatan Resort Playa del Carmen temporarily closed to facilitate the transition to a new operator and business model. Upon its reopening on April 14th, 2025, the property will be managed by Click Efficiency and will operate under a European plan structure. FibraHotel´s distribution policy and distribution for the first quarter of 2025 For the first quarter of 2025, FibraHotel will distribute Ps. $0.15 per CBFI, in accordance with the policy approved by the Technical Committee . For the full year, the company estimates three additional quarterly distributions of Ps. $0.15 per CBFI, totaling Ps. $0.60 per CBFI for the year, representing a 9% increase compared to the 2024 distributions. Outstanding CBFIs On March 10 th, 2025, 1,971,836 CBFIs were issued for the employee plan approved in the April 2022 CBFI holders meeting . As of March 31 st, 2025, and the date of this report , FibraHotel ha s 789,194,295 CBFIs with economic rights.
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http://www.fibrahotel.com 4 @FibraHotel FibraHotel’s Portfolio as of March 31st, 2025 Hotel State Region Rooms Operator Brand Segment Select Service Hotels - Managed 1 Fiesta Inn Aguascalientes Aguascalientes Bajio 125 Grupo Posadas Fiesta Inn Select Service 2 Fiesta Inn Buenavista Mexico City Mexico City 129 Grupo Posadas Fiesta Inn Select Service 4 Fiesta Inn Ciudad del Carmen (1) (2) Campeche South 253 Grupo Posadas Fiesta Inn Select Service 5 Fiesta Inn Ciudad Juárez Chihuahua Northwest 166 Grupo Posadas Fiesta Inn Select Service 6 Fiesta Inn Ciudad Obregón Sonora Northwest 141 Grupo Posadas Fiesta Inn Select Service 7 Fiesta Inn Chihuahua Chihuahua Northwest 152 Grupo Posadas Fiesta Inn Select Service 8 Fiesta Inn Cuautitlán State of Mexico Mexico City 128 Grupo Posadas Fiesta Inn Select Service 9 Fiesta Inn Cuernavaca Morelos South 155 Grupo Posadas Fiesta Inn Select Service 10 Fiesta Inn Culiacán Sinaloa Northwest 146 Grupo Posadas Fiesta Inn Select Service 11 Fiesta Inn Durango Durango Northwest 138 Grupo Posadas Fiesta Inn Select Service 12 Fiesta Inn Ecatepec State of Mexico Mexico City 143 Grupo Posadas Fiesta Inn Select Service 13 Fiesta Inn Guadalajara Expo Jalisco West 158 Grupo Posadas Fiesta Inn Select Service 14 Fiesta Inn Hermosillo Sonora Northwest 155 Grupo Posadas Fiesta Inn Select Service 15 Fiesta Inn León Guanajuato Bajio 160 Grupo Posadas Fiesta Inn Select Service 16 Fiesta Inn Mexicali BCN Northwest 150 Grupo Posadas Fiesta Inn Select Service 17 Fiesta Inn Morelia Michoacan West 155 Grupo Posadas Fiesta Inn Select Service 18 Fiesta Inn Los Mochis Sinaloa Northwest 125 Grupo Posadas Fiesta Inn Select Service 20 Fiesta Inn Monclova (2) Coahuila Northeast 158 Grupo Posadas Fiesta Inn Select Service 22 Fiesta Inn Monterrey La Fe (2) Nuevo Leon Northeast 209 Grupo Posadas Fiesta Inn Select Service 23 Fiesta Inn Monterrey Valle Nuevo Leon Northeast 177 Grupo Posadas Fiesta Inn Select Service 24 Fiesta Inn Naucalpan State of Mexico Mexico City 119 Grupo Posadas Fiesta Inn Select Service 25 Fiesta Inn Nuevo Laredo Tamaulipas Northeast 120 Grupo Posadas Fiesta Inn Select Service 26 Fiesta Inn Oaxaca Oaxaca South 145 Grupo Posadas Fiesta Inn Select Service 27 Fiesta Inn Perinorte (1) State of Mexico Mexico City 127 Grupo Posadas Fiesta Inn Select Service 28 Fiesta Inn Perisur Mexico City Mexico City 212 Grupo Posadas Fiesta Inn Select Service 29 Fiesta Inn Puebla FINSA Puebla South 123 Grupo Posadas Fiesta Inn Select Service 31 Fiesta Inn Querétaro (2) Querétaro Bajio 225 Grupo Posadas Fiesta Inn Select Service 32 Fiesta Inn Saltillo Coahuila Northeast 149 Grupo Posadas Fiesta Inn Select Service 33 Fiesta Inn San Luis Potosí Oriente San Luis Potosí Bajio 140 Grupo Posadas Fiesta Inn Select Service 34 Fiesta Inn Tepic Nayarit West 139 Grupo Posadas Fiesta Inn Select Service 35 Fiesta Inn Tlalnepantla State of Mexico Mexico City 131 Grupo Posadas Fiesta Inn Select Service 36 Fiesta Inn Torreón Galerías Coahuila Northeast 146 Grupo Posadas Fiesta Inn Select Service 37 Fiesta Inn Toluca Tollocan State of Mexico South 144 Grupo Posadas Fiesta Inn Select Service 38 Fiesta Inn Puerto Vallarta Jalisco West 144 Grupo Posadas Fiesta Inn Select Service 39 Fiesta Inn Villahermosa Tabasco South 159 Grupo Posadas Fiesta Inn Select Service 40 Fiesta Inn Xalapa Veracruz South 119 Grupo Posadas Fiesta Inn Select Service 41 Real Inn Mexicali (1) BCN Northwest 162 Camino Real Hotel Group Real Inn Select Service 42 Gamma Tijuana (1) BCN Northwest 140 Grupo Posadas Gamma Select Service 43 Courtyard Toreo State of Mexico Mexico City 146 Marriott Int'l Courtyard Select Service 44 Courtyard Vallejo Mexico City Mexico City 125 Marriott Int'l Courtyard Select Service Sub Total 6,038 (1) Includes retail component (2) Includes extended stay component
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http://www.fibrahotel.com 5 @FibraHotel FibraHotel’s Portfolio as of March 31st, 2025 (cont´d) Hotel State Region Rooms Operator Brand Segment Limited Service Hotels - Managed 45 One Acapulco Costera (1) Guerrero South 126 Grupo Posadas One Limited Service 46 One Aguascalientes Sur (1) Aguascalientes Bajio 126 Grupo Posadas One Limited Service 47 One Coatzacoalcos Forum Veracruz South 126 Grupo Posadas One Limited Service 48 One Cuautitlan (1) State of Mexico Mexico City 156 Grupo Posadas One Limited Service 49 One Cuernavaca Morelos South 125 Grupo Posadas One Limited Service 50 One Culiacán Forum Sinaloa Northwest 119 Grupo Posadas One Limited Service 51 One Durango Durango Northwest 126 Grupo Posadas One Limited Service 52 One Guadalajara Tapatío Jalisco West 126 Grupo Posadas One Limited Service 53 One Monclova Coahuila Northeast 66 Grupo Posadas One Limited Service 54 One Monterrey Aeropuerto (1) Nuevo León Northeast 126 Grupo Posadas One Limited Service 55 One Puebla FINSA Puebla South 126 Grupo Posadas One Limited Service 56 One Salltillo Coahuila Northeast 139 Grupo Posadas One Limited Service 57 One Querétaro Plaza Galerías Querétaro Bajio 126 Grupo Posadas One Limited Service 58 One Toluca Aeropuerto State of Mexico South 126 Grupo Posadas One Limited Service 59 One Ciudad de México Patriotismo Mexico City Mexico City 132 Grupo Posadas One Limited Service 60 One Perisur Mexico City Mexico City 144 Grupo Posadas One Limited Service 61 One Xalapa Veracruz South 126 Grupo Posadas One Limited Service 62 Fairfield Inn & Suites Juriquilla Querétaro Bajio 134 Marriott Int'l Fairfield Inn Limited Service 63 Fairfield Inn Los Cabos BCS Northwest 128 Marriott Int'l Fairfield Inn Limited Service 64 Fairfield Inn & Suites Nogales Sonora Northwest 134 Marriott Int'l Fairfield Inn Limited Service 65 Fairfield Inn & Suites Vallejo Mexico City Mexico City 121 Marriott Int'l Fairfield Inn Limited Service 66 Fairfield Inn & Suites Villahermosa Tabasco South 134 Marriott Int'l Fairfield Inn Limited Service Sub Total 2,792 Full Service Hotels - Managed 67 Fiesta Americana Aguascalientes (1) Aguascalientes Bajio 191 Grupo Posadas Fiesta Americana Full Service 68 Fiesta Americana Hermosillo Sonora Northwest 220 Grupo Posadas Fiesta Americana Full Service 69 Fiesta Americana Hacienda Galindo Querétaro Bajio 169 Grupo Posadas Fiesta Americana Full Service 70 Fiesta Americana Pabellón M Nuevo León Northeast 176 Grupo Posadas Fiesta Americana Full Service 71 Fiesta Americana México Satélite Estado de México Mexico City 223 Grupo Posadas Fiesta Americana Full Service 72 Fiesta Americana Viaducto Aeropuerto Mexico City CDMX 260 Grupo Posadas Fiesta Americana Full Service 73 Grand Fiesta Americana Monterrey Valle Nuevo León Northeast 180 Grupo Posadas Grand Fiesta Americana Full Service 74 Live Aqua Monterrey Valle Nuevo León Northeast 70 Grupo Posadas Live Aqua Full Service 75 Live Aqua San Miguel de Allende Guanajuato Bajio 150 Grupo Posadas Live Aqua Full Service 77 Camino Real Puebla Hotel & Suites (2) Puebla South 274 Camino Real Hotel Group Camino Real Full Service 78 Wyndham Ambassador Monterrey Nuevo León Northeast 229 Aimbridge Hospitality Wyndham Full Service 79 AC by Marriott Querétaro Querétaro Bajio 175 Marriott Int'l AC by Marriott Full Service 80 AC by Marriott Guadalajara Jalisco West 188 Marriott Int'l AC by Marriott Full Service 81 AC by Marriott Veracruz Veracruz South 164 Marriott Int'l AC by Marriott Full Service 82 The Yucatan Resort Playa del Carmen (3) Quintana Roo South 60 Click Efficiency Tapestry Collection Full Service Sub Total 2,729 Leased Hotels 83 InHouse Ciudad Obregón Sonora Northwest 135 InHouse Hotels InHouse Select Service 84 InHouse León Guanajuato Bajio 159 InHouse Hotels InHouse Select Service 85 Fiesta Americana Condesa Cancún Quintana Roo South 507 Grupo Posadas Fiesta Americana Resort Sub Total 801 Total Rooms as of March 31st, 2025 12,360 (3) Temporary closure to facilitate a smooth transition to a new operator (2) Includes extended stay component (1) Includes retail component
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http://www.fibrahotel.com 6 @FibraHotel Selected quarterly information • The following table shows certain financial indicators for the last four quarters7: 7 Lodging Contribution, the Net Operating Income, EBITDA, Amefibra FFO and AFFO are not IFRS figures. (In thousand pesos except per CBFI data) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2025 LTM Total revenues 1,363,923 1,302,424 1,454,053 1,352,206 5,472,605 Revenues - Managed hotels 1,277,420 1,238,202 1,366,004 1,217,264 5,098,890 % of total revenues 93.7% 95.1% 93.9% 90.0% 93.2% Lodging contribution 451,413 401,813 500,850 464,032 1,818,109 Margin 33.1% 30.9% 34.4% 34.3% 33.2% Lodging contribution - Managed hotels 358,231 334,094 412,801 329,062 1,434,187 Margin 28.0% 27.0% 30.2% 27.0% 28.1% Net Operating Income 427,695 376,636 475,629 438,467 1,718,427 Margin 31.4% 28.9% 32.7% 32.4% 31.4% Adjusted EBITDA 330,918 303,124 396,868 350,916 1,381,827 Margin 24.3% 23.3% 27.3% 26.0% 25.2% Consolidated net (loss) income 101,643 23,409 129,547 125,118 379,717 Margin 7.5% 1.8% 8.9% 9.3% 6.9% AMEFIBRA Funds From Operation 260,483 214,184 302,824 268,531 1,046,023 FFO / CBFI with economic rights 0.3309 0.2721 0.3847 0.3411 1.3254 Adjusted Funds From Operation 165,790 142,837 221,597 185,796 716,021 AFFO / CBFI with economic rights 0.2106 0.1814 0.2817 0.2817 0.9073 Distribution 108,243 108,243 108,243 118,352 443,081 Distribution / CBFI with economic rights 0.1375 0.1375 0.1375 0.1500 0.5625 Financial Debt 4,360,302 4,218,967 4,288,285 4,340,869 4,340,869 Net Debt 3,616,238 3,675,179 3,657,836 3,746,358 3,746,358 Net Debt / LTM Adjusted EBITDA 2.7 x 2.7 x 2.6 x 2.7 x 2.7 x Loan to Value 24.6% 24.2% 24.4% 24.6% 24.6%
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http://www.fibrahotel.com 7 @FibraHotel Results for the first quarter of 2025 Total Revenues During the period, FibraHotel´s total revenues were Ps. $1,352 million: • Ps. $994 million of room rentals (73.5% of total revenues). • Ps. $212 million of food and beverages (15.7% of total revenues). • Ps. $135 million of leases and others. These revenues are comprised of (i) Fiesta Americana Condesa Cancun hotel which represented Ps. $ 110 million (ii) retail and other leases in hotel properties, and (iii) hotel guarantees and other rents . Together, these revenues represent 10.0% of total revenues. • Ps. $19 million of other income (0.9% of total revenues). Compared with the first quarter of 2024, total revenues increased by 5.1%. Costs and General Expenses During the period, FibraHotel’s costs and general expenses were Ps. $888 million: • Ps. $493 million in administrative costs and expenses, including payment for franchise and hotel management agreements (55.5% of costs and general expenses). • Ps. $242 million of room expenses (27.2% of costs and general expenses). • Ps. $154 million of food and beverage expenses (17.3% of costs and general expenses). Lodging Contribution Lodging contribution was Ps. $464 million, representing 34.3% of total revenues. In total, Ps. $329 million corresponded to the hotel contribution of the managed hotels and Ps. $ 135 million corresponded to hotel contribution from leases, commercial properties and guarantees. Operating Profit Other operating expenses of Ps. $251 million consisted of: (i) Depreciation of Ps. $138 million (no impact on cash flow); (ii) Advisory fee of Ps. $45 million; (iii) Administrative expenses of Ps. $37 million; (iv) Real estate expenses of Ps. $26 million; (v) The employee CBFI compensation plan of Ps. $5 million (no impact on cash flow); (vi) Provisions for labor liabilities of Ps. $0.9 million (no impact on cash flow). The operating profit for the quarter was Ps. $213 million.
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http://www.fibrahotel.com 8 @FibraHotel Adjusted Operating Profit During the first quarter of 2025, FibraHotel had non-operating expenses of Ps. $ 2.2 million and non-operating income of Ps. $6.6 million. The adjusted operating profit for the quarter was Ps. $217 million. Comprehensive Financial Result FibraHotel ended the quarter with a net debt position of Ps. $3, 746 million and total debt of Ps. $4,341 million. During the first quarter, the total debt position generated an interest expense of (Ps. $99 million). The comprehensive financial result was (Ps. $89 million) and is broken down as follows: As of March 31st, 2025, (i) Banorte USD $ 19 million debt had a book value of Ps. $ 380 million (exchange rate of $ 20.40 per USD) compared to USD $2 0 million with book value of Ps. $ 401 million at the beginning of the quarter (exchange rate of $20.51 per USD) and (ii) the Scotiabank USD $18 million debt had a book value of Ps. $3 73 million (exchange rate of $ 20.40 per USD) compared to USD $19 million with book value of Ps. $382 million at the beginning of the quarter (exchange rate of $ 20.51 per USD). The peso depreciation against the dollar during the first quarter for loans generated an exchange loss of Ps. $4 million (Ps. $2 million for the Banorte debt and Ps. $2 million for the Scotiabank debt). Consolidated Net Income During the first quarter of 202 5, taxes were Ps. $ 3.0 million and there was a Participation in Results in Joint Ventures of Ps. $0.2 million. The consolidated net income was Ps. $125 million. Consolidated Comprehensive Income During the first quarter of 2025, the consolidated comprehensive income was Ps. $125 million. Ps.$ Thousands Q1 2024 Q1 2025 Var. Interest Income 9,621 8,876 (7.7%) Interest Expense (104,973) (98,610) 6.1% Bank Fees (2,068) (2,324) 12.4% Exchange Profit/Loss 7,797 2,685 (65.6%) Total (89,623) (89,373) (0.3%)
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http://www.fibrahotel.com 9 @FibraHotel Funds from Operations (“AMEFIBRA FFO”)8 During the first quarter of 2025, the Funds from Operations were Ps. $269 million. 8Funds from operation (“FFO”) is based on Amefibra´s definition which focuses on achieving greater clarity and understanding of the operational performance of the Real Estate Fibra sector in line with the best international practices . Ps. $ thousand Q1 2024 Q1 2025 Variation Total Revenues 1,286,415 1,352,206 5.1% Costs and General Expenses 843,347 888,173 Lodging Contribution 443,067 464,032 4.7% Advisory fee 43,721 44,952 Real Estate Expenses 21,283 25,565 Administrative Expenses Related to FibraHotel 35,062 36,793 Employee CBFIs compensation plan* 2,611 4,930 Adjusted EBITDA 339,123 350,916 3.5% Depreciation 128,849 135,837 Extraordinary Expenses, Net 1,455 2,192 Non Operating Income / (Loss) 15,331 6,563 Adjusted Income / (Loss) from Operations 224,149 217,306 (3.1%) Comprehensive Financing Result (89,623) (89,373) Tax 1,824 3,000 Non-controlling Interest (210) 186 Comprehensive Integral Result 132,492 125,118 (5.6%) Adjustment to Fair Value of Investment Properties - - Depreciation* 128,849 138,978 Amortization costs 1,455 2,192 Impairment over asset value - - (Profit) / Loss on sale of hotel property, furniture and equipment - - Transactions costs - - Property sale tax - - Exchange rate fluctuation (7,811) (2,686) Fluctuation of derivative - - Fluctuation of financial instruments - - Intangible impacts - - Costs - - Employee CBFIs compensation plan 2,611 4,930 Interests - - AMEFIBRA Funds From Operations 257,596 268,531 4.2% *Non-cash item **An adjustment of Ps. $996 was made to the depreciation of properties registered under Investment in Joint Ventures
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http://www.fibrahotel.com 10 @FibraHotel Adjusted funds from operation (“AFFO”) During the first quarter of 2025, FibraHotel generated an AFFO of Ps. $186 million. Cash flow During the first quarter of 2025: • The net operating cash flow was Ps. $323 million. • The net cash flow from investment activities was (Ps. $148 million), mainly due to: o Capital expenditures during the quarter of: i) (Ps. $26 million) in maintenance CapEx, ii) (Ps. $23 million) in investment was made in a building in Perinorte iii) (Ps. $1 2 million) in remodeling of the Fiesta Inn Monterrey La Fe hotel, iv) (Ps. $7 million) in remodeling of the Fiesta Inn Monterrey Valle hotel, v) (Ps. $3 million) in investment CapEx in the Fiesta Americana Condesa Cancun hotel vi) (Ps. $ 10 million) in investment, development and remodeling CapEx in other hotels. o Investment in Joint Ventures of (Ps. $ 76 million), corresponding to a capital contribution for the hotel The Ritz-Carlton Cancun, Punta Nizuc. o Interest income of Ps. $8.9 million. o Asset and furniture sale of Ps. $0.1 million. • The net cash flow from financing activities was (Ps. $210 million), mainly related to: o Debt repayment (Ps. $ 264 million) composed as follows: (Ps. $150 million) of BBVA 2023, (Ps. $30 million) of Ve por Mas9, (Ps. $38 million) of BBVA 2015, (Ps. $18 million) of Banorte 3, (Ps. $ 2.6 million) of Scotiabank MXN , (USD $ 923 thousand) at an exchange rate of $20.40 of Banorte 5 and (USD $337 thousand) at an exchange rate of $20.44 of Scotiabank USD. o Interest payments (Ps. $157 million). o Distribution payment for the fourth quarter of 2024 (Ps. $109 million). o Other financial expenses (Ps. $1.3 million). o Disbursement of Ps. $290 million of the available credit facility with BBVA and Ps. $30 million of the available revolving credit facility with Ve por Mas10. o Of the Ps. $290 million used, Ps. $75 million were allocated to the Ritz-Carlton Cancun Project, Ps. $180 million to the payment of revolving credit, and the 9 In January 2025, the revolving credit line with Ve por Más was drawn. 10 In February 2025, the revolving credit line with Ve por Más was repaid. Ps. $ thousand Q1 2024 Q1 2025 Variation AMEFIBRA FFO 257,596 268,531 4.2% (-) CAPEX (70,182) (76,675) (+) Other adjustments (15,475) (6,060) Adjusted Funds From Operations 171,940 185,796 8.1%
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http://www.fibrahotel.com 11 @FibraHotel remainder to strengthen FibraHotel’s liquidity. Overall, it did not represent additional net debt. Investments in Joint Ventures During the fourth quarter, the Investment in Joint Ventures was Ps. $77 million, mainly related to The Ritz-Carlton Cancun, Punta Nizuc hotel through an equity contribution. As of March 31st, 2025, FibraHotel invested Ps. $ 422 million in The Ritz -Carlton Canc un, Punta Nizuc 11 hotel project. Financial position FibraHotel ended the first quarter of 2025 with: • A cash position of Ps. $595 million compared to Ps. $630 million as of December 31st, 2024. • Ps. $4,341 million in debt compared to Ps. $4,288 million as of December 31st, 2024. • Net debt of Ps. $3,746 million compared to Ps. $3,658 million as of December 31st, 2024. • A cost of debt of 9.17% compared to 9.29% as of December 31st, 2024. The following table presents a detailed status of FibraHotel’s cash position: 11 Considering FibraHotel's average cost of debt and the investment made in The Ritz -Carlton Cancun, Punta Nizuc project, we estimate that during the first quarter of 2025, (Ps. $10 million) interest expenses were paid, impacting AFFO (non-capitalized). Ps. $ thousand Q1 2025 As of 31/03/2025 Project The Ritz-Carlton Cancun, Punta Nizuc 74,740 422,115 Prime Steak Club San Miguel de Allende 2,043 93,937 Other (87) 6,861 Total Investment in Joint Venture 76,695 522,912 *Considers an Investment and Equity Method adjustment Ps. $ thousand Q1 2025 Comment Cash, cash equivalents and restricted cash 594,511 Available cash and cash equiv. - Operation 425,589 Hotels' working capital Restricted cash and cash equiv. - Operation 58,202 Available for maintenance CapEx Restricted cash and cash equiv. - Reserves 68,974 Available for Reserves guarantees Available cash and cash equiv. - 41,746 Cash available Cash position without restricted cash 467,335
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http://www.fibrahotel.com 12 @FibraHotel The following table presents FibraHotel’s debt position in detail: The following table presents a detailed schedule of principal amortizations of FibraHotel's debt. In 2025, there are Ps. $259 million of amortizations, which represent 5.9% of total debt: As of March 31st, 2025: • 57% of the debt is fixed (FIHO19) and 43% of the debt is variable (bank debt). • 83% of the debt is denominated in Mexican pesos and 17% is denominated in Dollars. • 19% of the debt is linked to green KPIs. Credit Ratings As of the date of this report, the credit rating by Fitch Ratings of FibraHotel and its debt issued under the ticker "FIHO 19" is 'AA-(mex)' with a stable perspective. As of the date of this report, the credit rating by HR Ratings of FibraHotel and its debt issued under the ticker "FIHO 19" is 'AA+' with a stable perspective. Capital Expenditures (“CapEx”) FibraHotel’s internal policy is to reserve up to 5% of the hotels’ total revenues to make capital expenditures with the intention of maintaining the condition of the hotels in operation. For the first quarter Ps. $77 million were reserved for maintenance CapEx. Information on CBFIs issued and with economic rights On March 10th, 2025, 1,971,836 CBFIs were issued for the employee plan authorized in the April 2022 CBFI holders’ meeting. As of March 31st, 2025, and the date of this report, FibraHotel has 789,194,295 CBFIs outstanding with economic rights. $ millions Q1 2025 Currency Interest rate Maturity BBVA 2015 476.1 MXN TIIE 28d + 150bps oct-27 BBVA 2024 290.0 MXN TIIE 28d + 150bps feb-35 Banorte 3 189.7 MXN TIIE 91d + 200bps jun-28 Banorte 5* 379.7 USD SOFR 91d + 250bps jun-28 Scotiabank USD** 373.0 USD SOFR 91d + 175bps oct-28 Scotiabank MXN 143.0 MXN TIIE 28d + 160bps oct-28 FIHO 19 2,500.0 MXN 8.83% sep-29 Total debt position 4,351.4 * Equivalent in pesos to USD $20 million with an exchange rate of Ps. $20.40 ** Equivalent in pesos to USD $19 million with an exchange rate of Ps. $20.40 Year Payment % 2025 258.9 5.9% 2026 365.2 8.4% 2027 1,229.8 28.3% 2028 1,416.9 32.6% 2029 861.3 19.8% 2030 and after 219.2 5.0% Total 4,351.4 100.0%
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http://www.fibrahotel.com 13 @FibraHotel Distribution for the first quarter of 2025 FibraHotel seeks to generate value for its certificate holders, and therefore on April 28th, 2025, FibraHotel's Technical Committee approved a distribution equivalent to 15.00 cents (Ps. $0.1500) per CBFI, representing approximately Ps. $118 million in total. This distribution is based on the results and operations of FibraHotel between January 1st and March 31st, 2025. The distribution is to be paid on May 19th, 2025, and will be comprised as follows: Corporate Governance On April 28th, 2025, a meeting of the Audit Committee and Technical Committee of FibraHotel was held to, among other things, approve the financial statements for the first quarter of 2025 , which were unanimously approved. As of today, FibraHotel’s Technical Committee is comprised of 9 members, four of whom are independent. Amount Concept per CBFI Total Ps. $ Ps. $ million Taxable Income - - Capital Return 0.1500 118.4 Total 0.1500 118.4
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http://www.fibrahotel.com 14 @FibraHotel Applicable regulation to FIBRAs In accordance with the general provisions applicable to issuers of securities and other participants in the securities market known as the "Circular Única de Emisoras" (" CUE"), the holders’ assembly is granted the powers to establish the financing rules for each FIBRA. The rules approved by the holders’ assembly shall establish the maximum leverage limit and debt service coverage ratio to be observed by the FIBRA and must be ca lculated in accordance with ANNEX AA of the CUE. In addition, within the amendmen ts realized to Annex AA, a period of four quarters has been established to calculate the maximum leverage and the debt service coverage ratios. On April 23rd, 2021, FibraHotel’s Holders’ Assembly established FibraHotel’s maximum leverage ratio limit at 40% and the debt service coverage ratio limit of more than 1.0x. 1. Leverage level (“LTV”) FibraHotel closed the first quarter of 2025 with Ps. $4,341 million in debt and a total asset value of Ps. $17,679 million, resulting in a 24.6% LTV. 2. Debt service coverage ratio FibraHotel’s debt service coverage ratio must be higher than 1.0x. To FibraHotel, the estimated obligations correspond to: • Debt service (principal and interests); • Capital expenditures for the maintenance of hotels; and • Non-discretionary development expenditures (announced development projects). Available resources correspond to: • Cash and cash equivalents; • Recoverable VAT; • Operating result after distribution payment (including depreciation and interest income); and • Available credit lines. In accordance with the formula in Annex AA of the CUE currently in effect, as of March 31st, 2025, FibraHotel’s debt service coverage ratio is 2.52x, and the metrics for its calculation are as follows: • Obligations for the next four quarters: o Debt service: Ps. $706 million. o Estimated capital expenditures: Ps. $331 million. • Available resources for the next four quarters: o Cash and cash equivalents (excluding restricted cash): Ps. $467 million. o VAT receivable: Ps. $20 million.
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http://www.fibrahotel.com 15 @FibraHotel o Estimated operating result after distribution payment (including depreciation and interest income): Ps. $1,017 million. o Available credit lines: Ps. $1,110 million. Ratios related to the FIHO 19 bond • Secured Debt to total assets limit of 40% As of March 31st, 2025, FibraHotel's secured debt ratio is 7.6%. • Unencumbered Assets to unencumbered debt greater than 150% As of March 31st, 2025, FibraHotel's total unencumbered asset ratio was 658.9%.
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http://www.fibrahotel.com 16 @FibraHotel Highlights of progress on Social, Environmental and Governance Issues (ESG) FibraHotel is committed to being a sustainable company and continuously evolving in environmental, social, and corporate governance (ESG) best practices, while addressing the impact of our business. We firmly believe in the importance of transitioning to sustainable financial products and the positive impact they generate within organizations. In line with this commitment, we have published the results of the annual monitoring conducted by Valora on the sustainable credit agreement with Scotiabank, which sets a target of 1.5% annual reduction in energy consumption intensity (kWh per occupied room) for the One hotels portfolio12. By the end of 2024, the portfolio’s performance reached 13.83 kWh/POR, exceeding the annual goal of 14.88 kWh/POR with a 7.5% reduction, demonstrating our strong commitment to energy efficiency. Additionally, in alignment with our Sustainability Strategy, specifically the pillar of sustainable infrastructure, we have published the Net Zero Policy, based on the Science Based Targets initiative (SBTi). This policy establishes guidelines to support global efforts to limit temperature increases to 1.5°C, defining concrete strategies and actions to achieve our SBTi -aligned goals. Transitioning to a Net Zero model is not only critical for climate change mitigation, but it also represents an opportunity t o improve operational efficiency, reduce financial risks associated with environmental regulations, and strengthen long-term competitiveness. Through this policy, we reaffirm our commitment to a sustainable future, driving responsible practices that genera te value. During the first quarter , we also published the results of the Carbon Disclosure Project (CDP) Climate Change Questionnaire for 2024. FibraHotel received a rating of “B”, an improvement over the previous year’s rating of “C”, reflecting significant progress in climate governance and management, as well as risk identification and climate goal setting. Specific improvements were made in these areas, reinforcing our organization's dedication to sustainability. At FibraHotel, we are dedicated to evolving in every aspect of our ESG strategy, built on transparency, communication, and responsibility. For more information about our ESG initiatives, please visit the sustainability and corporate governance section on our website: www.fibrahotel.com 12 For the monitoring of the credit facility with Scotiabank, the hotels One Acapulco and One Culiacán were excluded due to external factors that impacted occupancy at these properties during the period.
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http://www.fibrahotel.com 17 @FibraHotel Operating Highlights of FibraHotel´s Portfolio The following graph shows the quarterly evolution, from the first quarter of 20 23 to the first quarter of 202 5 of ADR, occupancy rate and RevPAR for FibraHotel’s hotels in operation 13 (excluding the leased hotels). KPIs are not totally comparable since they have different hotels during the period. The Fiesta Americana Condesa Cancun hotel reported the following during the first quarter of 2025: • Occupancy of 84.4% • Net Package ADR of Ps. $7,097 • Net Package RevPAR of Ps. $5,992 The following tables show selected operating information of FibraHotel’s Managed Portfolio (excluding the leased hotels) for the first quarter of 2025: The RevPAR increased 7.3% for the managed portfolio in the first quarter of 2025 versus the first quarter of 2024. 13 FibraHotel has 3 leased hotels, for the operating indicators of the quarter, the room inventory of these hotels is not being considered. 1,444 1,445 1,380 1,470 1,511 1,552 1,548 1,621 1,651 871 909 879 956 893 964 943 1,027 958 60.3% 62.9% 63.7% 65.0% 59.1% 62.1% 61.0% 63.4% 58.1% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 ADR RevPAR Occupancy Managed Portfolio Managed Portfolio Q1 2024 Q4 2024 Q1 2025 Q1 LTM 2024 Q1 LTM 2025 Ocupancy 59.1% 63.4% 58.1% Ocupancy 62.7% 61.1% ADR 1,511 1,621 1,651 ADR 1,442 1,592 RevPAR 893 1027 958 RevPAR 904 973 During Q1 of 2025, The Yucatan Resort Playa del Carmen underwent a temporary closure to facilitate a smooth transition to a new hotel operator
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http://www.fibrahotel.com 18 @FibraHotel The following table shows certain operating information for the hotels (excluding the leased hotels) by segment for the first quarter of 2024 and 2025: The following table shows certain operating information for the hotels by region14 (excluding the leased hotels) for the first quarter of 2024 and 2025: The following table shows certain operating information of Fiesta Americana Condesa Cancun hotel for the first quarter of 2024 and 2025: 14 Bajio corresponds to the following states: A guascalientes, Guanajuato, Queretaro and San Luis Potosi . Northeast corresponds to the follo wing states: Coahuila, Nuevo Leon and Tamaulipas. Northwest corresponds to the following states: Baja California Norte, Baja California Sur, Chihuahua, Durango, Sinaloa and Sonora. West corresponds to the following state s: Jalisco, Nayarit and Michoaca n. South corresponds to the following states: Campeche, State of Mexico (Toluca), Guerrero, Morelos, Oaxaca, Puebla, Quintana Roo, Tabasco and Veracruz. Mexico City corresponds to t he following states: Mexico City and State of Mexico (excluding Toluca). Managed Portfolio 1st quarter 2024 1st quarter 2025 Variation Segment Ocup. ADR RevPAR Ocup. ADR RevPAR Occup. ADR RevPAR Limited Service 59.4% 1,114$ 662$ 60.5% 1,234$ 747$ 117 pb 10.7% 12.9% Select Service 61.0% 1,359$ 829$ 58.4% 1,480$ 864$ (264 pb) 8.9% 4.2% Full Service 54.4% 2,361$ 1,285$ 54.8% 2,537$ 1,389$ 33 pb 7.5% 8.1% Total 59.1% 1,511$ 893$ 58.1% 1,651$ 958$ (105 pb) 9.2% 7.3% During Q1 of 2025, The Yucatan Resort Playa del Carmen underwent a temporary closure to facilitate a smooth transition to a new hotel operator Managed Portfolio 1st quarter 2024 1st quarter 2025 Variation Region Occup. ADR RevPAR Occup. ADR RevPAR Occup. ADR RevPAR Bajio 53.2% 1,896$ 1,010$ 48.6% 2,106$ 1,023$ (467 pb) 11.1% 1.3% Northeast 63.1% 1,734$ 1,094$ 62.7% 1,902$ 1,194$ (36 pb) 9.7% 9.1% Northwest 61.0% 1,397$ 851$ 59.1% 1,518$ 897$ (187 pb) 8.7% 5.4% West 70.6% 1,487$ 1,050$ 70.7% 1,658$ 1,172$ 7 pb 11.5% 11.6% South 56.0% 1,211$ 678$ 54.1% 1,252$ 677$ (191 pb) 3.4% (0.2%) Mexico City 57.4% 1,487$ 853$ 59.5% 1,656$ 985$ 212 pb 11.4% 15.5% Total 59.1% 1,511$ 893$ 58.1% 1,651$ 958$ (105 pb) 9.2% 7.3% During Q1 of 2025, The Yucatan Resort Playa del Carmen underwent a temporary closure to facilitate a smooth transition to a new hotel operator In "Mexico City" region, the hotels located in the Metropolitan Area are included Fiesta Americana Condesa Cancún (All Inclusive) 1st quarter 2024 1st quarter 2025 Variation Occup. Net Package ADR Net Package RevPAR Occup. Net Package ADR Net Package RevPAR Occup. ADR RevPAR FACC* 86.7% 6,352$ 5,510$ 84.4% 7,097$ 5,992$ (231 pb) 11.7% 8.8% * Fiesta Americana Condesa Cancún is reported with All Inclusive metrics
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http://www.fibrahotel.com 19 @FibraHotel The following table shows the distribution of FibraHotel’s Total Portfolio as of March 31st, 2025 by segment, region, number of hotels and number of rooms: Includes leased hotels. Quarterly Operating Portfolio Highlights (excluding leased hotels) SEGMENT Hotels Rooms REGION Hotels Rooms # % # % # % # % Limited Service 22 25.9% 2,792 22.6% Bajio 13 15.3% 1,880 15.2% Select Service 46 54.1% 6,332 51.2% Northeast 15 17.6% 1,945 15.7% Full Service 16 18.8% 2,729 22.1% Northwest 16 18.8% 2,337 18.9% Resort 1 1.2% 507 4.1% West 6 7.1% 910 7.4% TOTAL 85 100.0% 12,360 100.0% South 20 23.5% 2,992 24.2% Mexico City 15 17.6% 2,296 18.6% TOTAL 85 100.0% 12,360 100.0% Includes leased hotels. During Q1 of 2025, The Yucatan Resort Playa del Carmen underwent a temporary closure to facilitate a smooth transition to a new hotel operator. Year 2025 Available Rooms Occupied Rooms Occup. Room Revenues Ps. $ Million ADR RevPAR 1st quarter 1,037,060 602,162 58.1% 994$ 1,651$ 958$ 2nd quarter - - - -$ - - 3rd quarter - - - -$ - - 4th quarter - - - -$ - - Total 1,037,060 602,162 58.1% 994$ 1,651$ 958$
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http://www.fibrahotel.com 20 @FibraHotel BALANCE SHEET As of December 31st, 2024, and March 31st, 2025. (figures in thousands of pesos) FIBRAHOTEL Consolidated Balance Sheet (Thousands of pesos) Assets 31/12/2024 31/03/2025 Current assets Cash, cash equivalents and restricted cash 630,449 594,511 Trade accounts receivable and other receivables 228,365 300,922 Prepaid expenses 26,396 19,870 Recoverable taxes, mainly value-added tax 23,414 74,419 Total currents assets 908,623 989,722 Non current assets Hotel properties, furniture and operating equip. - Net 11,924,948 11,842,372 Investment Properties* 4,136,212 4,139,170 Properties under development 140,324 162,804 Investments in Joint Ventures 446,187 522,882 Derivative instruments - - Advance to suppliers 5,558 5,558 Deferred income taxes 15,786 16,875 Total non-current assets 16,669,015 16,689,661 Total assets 17,577,638 17,679,383 Liabilities and partners' equity Current liabilities: Borrowings 343,262 350,208 Suppliers and accrued expenses 480,391 550,941 Due to related parties 44,485 44,952 Taxes payable 82,664 96,397 Other 67,845 9,844 Total current liabilities 1,018,647 1,052,341 Employee Benefits 26,327 27,205 Long-term banking debt 1,456,109 1,501,165 Long-term debt securities 2,488,914 2,489,497 Trustors' equity: Contribution from the trustors 10,299,681 10,191,167 Retained earnings 2,287,960 2,418,008 Total trustors' equity: 12,587,642 12,609,175 Total liabilities and trustors' equity 17,577,638 17,679,383 *Corresponds to the FA Condesa Cancun hotel.
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http://www.fibrahotel.com 21 @FibraHotel INCOME STATEMENT January 1st to March 31st 2025, compared to the first quarter of 2024. (figures in thousands of pesos) FIBRAHOTEL Consolidated Statements of Operations (Thousands of pesos) Q1 2024 Q1 2025 Revenue: Rooms 935,213 993,911 Food and beverages 222,272 211,795 Leases 118,522 134,969 Others 10,407 11,530 Total revenue 1,286,415 1,352,206 Costs and general expenses Rooms 221,882 241,651 Food and beverages 151,167 153,813 Administrative expenses 470,298 492,710 Total costs and general expenses 843,347 888,173 Lodging contribution 443,067 464,032 Real estate expenses 21,283 25,565 Advisory fee 43,721 44,952 Employee CBFIs compensation plan* 2,611 4,930 Administrative expenses related to FibraHotel 35,062 36,793 Employee Benefits* 1,267 878 Depreciation 128,849 137,981 Impairment over asset value* - - Income from operations 210,274 212,934 Extraordinary expenses, net 1,455 2,192 Adjusted (loss) from operations 208,819 210,743 Non operating income 15,331 6,563 Adjustment to Fair Value of Investment Properties* - - Comprehensive financing result (89,623) (89,373) Income before taxes 134,526 127,933 Tax 1,824 3,000 Participation in results in Joint Ventures (210) 186 Consolidated net (loss) income 132,492 125,118 * Non-Cash Items
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http://www.fibrahotel.com 22 @FibraHotel CASH FLOW STATEMENT January 1st to March 31st, 2025, compared to the first quarter of 2024. (figures in thousands of pesos) FIBRAHOTEL Consolidated Statements of Cash Flows As of March 31st, 2025 (Thousand pesos) Q1 2024 Q1 2025 Operating Activities Consolidated net income 132,492 125,118 Adjustments for non cash items Tax 1,824 3,000 (Profit) / Loss on sale of hotel property, furniture and equipment (7) (19) Impairment over asset value* - - Adjustment to fair value of investment properties* - - Depreciation 128,849 137,981 Interest income 88,162 87,483 Employee CBFIs compensation plan* 2,611 4,930 Employee Benefits* 1,267 878 Employee Benefits* 210 (186) Total 355,410 359,186 (Increase) decrease in: Trade accounts receivable and others (86,522) (72,555) Due from related parties (0) (1) Recoverables taxes, mainly VAT 13,345 3,543 Prepaid expenses (56,780) (48,023) Other assets (7) - Increase (decrease) in: Suppliers and accrued expenses and others 55,117 90,308 Due to related parties 405 467 Tax payable 3,834 (10,135) Net cash flow used in operating activities 284,803 322,789 Investing activities Business acquired, net of cash received - - Development portfolio 56,849 (22,679) Acquisitions of hotel furniture and equipment (76,414) (55,397) Investment Properties (5,170) (2,958) Asset sale 115 151 Interest income 9,621 8,876 Interest income (62,700) (76,451) Net cash flow used in investing activities (77,700) (148,457) Financing activities Ditributions to trustors (98,296) (108,514) Debt Issuance 130,000 320,000 Debt Issuance (117,174) (263,816) Interests paid and financial expenses (162,513) (156,590) CBFIs issuance - - CBFI Repurchase Program - - Issuance expenses - - Other (1,425) (1,350) Net cash flow used in financing activities (249,407) (210,270) Net increase (decrease) in cash, cash equivalents and restricted cash (42,304) (35,937) Cash, cash equivalents and restricted cash at the beginning of the period 608,476 630,449 Cash, cash equivalents and restricted cash at the end of the period 566,172 594,511 *Non-Cash Items
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http://www.fibrahotel.com 23 @FibraHotel Amefibra FFO Amefibra published a definition for the Funds from Operations (“FFO”) metric to standardize reporting across Real Estate Fibras in Mexico. This metric is voluntary for Fibras and seeks to incorporate best practices across the sector (for example, in the United States, REITs report the Nareit Funds from Operations). FibraHotel has determined to report FFO based on Am efibra´s definition beginning on the second quarter of 2020 . The main differences against FibraHotel´s previously reported FFO is that Amefibra FFO considers adjustments for pre-operating expenses and currency fluctuation in FFO which were not considered in FibraHotel ´s FFO but were considered in FibraHotel ´s AFFO. The following table shows the FFO calculation based on Amefibra´s definition: 2019 2020 2021 2022 2023 2024 Q1 2025 Total Revenues 4,371,969 1,941,651 3,109,131 4,696,345 5,224,437 5,406,815 1,352,206 Costs and General Expenses 2,917,888 1,633,398 2,168,443 2,985,396 3,393,895 3,609,670 888,173 Lodging Contribution 1,454,082 308,253 940,688 1,710,949 1,830,543 1,797,144 464,032 Advisory fee 151,862 144,492 146,566 156,049 170,449 176,451 44,952 Real estate expenses 66,286 115,567 73,607 84,383 87,828 95,399 25,565 Administrative Expenses Related to FibraHotel 71,188 57,335 80,038 111,730 139,535 137,896 36,793 Employee CBFIs compensation plan* 8,306 8,306 865 7,833 10,443 10,913 4,930 Adjusted EBITDA 1,156,440 (17,447) 637,949 1,344,133 1,420,380 1,370,033 210,743 Depreciation 465,817 583,838 551,732 508,780 505,886 532,300 137,981 Extraordinary Expenses, Net 37,056 9,018 15,095 6,720 13,458 13,046 2,192 Non Operating Income / (Loss) 11,330 (29,402) 821 3,969 2,886 83,658 6,563 Adjusted Income / (Loss) from Operations 617,816 (602,353) 316,346 1,325,158 881,776 867,151 208,819 Comprehensive Financing Result (292,270) (397,352) (371,824) (404,803) (312,398) (514,759) (89,373) Tax 8,460 2,451 (1,308) (2,155) 7,323 6,255 3,000 Consolidated Integral Result 218,025 (1,004,515) (52,482) 922,509 559,544 387,091 125,118 Adjustment to Fair Value of Investment Properties 47,081 (42,744) (269,355) (505,950) 22,146 - - Depreciation 465,817 517,355 551,732 508,780 505,886 535,441 138,978 Amortization of capitalized leasing costs 37,056 43,999 15,095 6,720 13,458 13,046 2,192 Impairment losses - 71,603 24,952 13,395 - - - (Profit) / Loss on sale of hotel property, furniture and equipment - - - - - (41,849) - Transaction costs - - - - - - - Tax on profits or losses on disposals of properties - - - - - - - Exchange rate fluctuation (7,761) 12,708 (7,591) (22,580) (95,658) 130,732 (2,686) Fluctuation of derivative instruments 99,061 2,632 (1,724) - - - Fluctuation of financial instruments - - - - - - - Impairment of intangibles - - - - - - - Costs - - - - - - - CBFIs Compensation Plan 8,306 8,306 865 7,833 10,443 10,913 4,930 Minority interests - - - - - - - AMEFIBRA Funds From Operations 867,584 (390,656) 261,491 930,706 1,015,819 1,035,374 268,531 CAPEX Reserve (221,964) (51,128) (174,118) (258,320) (285,288) (295,715) (76,675) Other Adjustments (7,734) 12,058 - - 2,511 (37,209) (6,060) Adjusted Funds From Operations 637,887 (429,726) 87,373 672,386 733,042 702,450 185,796 FFO FIHO / FFO AMEFIBRA 29,295 56,707 7,504 (15,860) (82,200) 101,928 (495)
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http://www.fibrahotel.com 24 @FibraHotel Invitation to the 1Q 2025 Results Conference Call
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http://www.fibrahotel.com 25 @FibraHotel About FibraHotel FibraHotel is a Mexican trust created primarily to acquire, develop, and operate hotels in Mexico. Our objective is to provide attractive returns to our CBFI holders through distributions and the appreciation of our real estate assets. Also, we will aim to have a high-quality hotel portfolio, through the affiliation to different hotel brands and renowned operators, as well as geographic and segment diversification. Investor relations contact México City Antonio Cárdenas Tel: +52 (55) 5292 8050 E-mail: acardenas@fibrahotel.com