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This document includes summary financial information and should not be considered a substitute for our full financial statements, including footnotes, management/auditors’ reports, and related management’s discussion and analysis. You can access our financial reports and other disclosures at: www.gmexico.com www.bmv.com.mx 3Q26 3Q26 Results October 2026
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Disclaimer Disclaimer This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing or selling securi -ties or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs . Before acting on any information, you should consider the appropriateness of the information regarding these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international trans -actions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, be-lief or current expectations with respect to GM’s businesses and operations, market conditions, operation results and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward-looking statements. GM does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies beyond M’s control. Past performance is not a reliable indication of future performance. Unless otherwise specified all information is for the period ended on September 30th, 2026.
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Contents Grupo México Reference Slides Transportation Division Infrastructure Division Mining Division 03 p.16 04 p.22 01 p.04 02 p.09 05 p.27
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3Q26 RESULTS 04 01 Grupo México’s Main Highlights ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile
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ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. 053Q26GRUPO MÉXICO RESULTS Silver Helmet Award for best safety performance Four operations in Sonora, the lime plant, La Caridad mine, and Minera Mexico’s copper smelter and refinery, were awarded the “Silver Helmet” by the Mexican Mining Chamber (CAMIMEX) for their safety and accident prevention performance . This marks the first time four Sonora operations have received the award in the same year, reflecting their strong commitment to worker safety . Participative environmental monitoring in Michiquillay The Participative Environmental Committee for the Michiquillay project in Peru completed its third environmental performance review in 2026 . Comprising community leaders and public and private sector representatives, the committee helps monitor environmental impacts through sample collection and analysis, supporting responsible project development and stakeholder participation . International recognition for México Compañía Constructora México Compañía Constructora, a subsidiary of the Infrastructure Division, received the Inter -American Federation of the Construction Industry (FIIC) Corporate Social Responsibility Award for its socially responsible practices and contributions to sustainable development, reflecting its commitment to community well -being and responsible operations . Dr. Vagón brings health services to 12 communities in Mexico During the third quarter of 2026 , Fundación Grupo Mexico’s Health Train provided free medical care to more than 17,000 people across 12 communities in five states, delivering diagnostic services, surgeries, medications, eyeglasses, and hearing aids .
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063Q26 RESULTS US$0.38/LBUS$17,616M US$10,620M 2.1% 775,997 58.8% vs. 9M2535.3% vs. 9M25 2.8% decrease vs 9M25 Scorecard 3Q26 GRUPO MÉXICO 9M26 Net Cash CostAccumulated sales 9M26 EBITDA 3Q26 Dividend 3Q26 Dividend Yield Tons of Cu In 9M26 49.9% vs. 9M25 -+ + - Payout Ratio 26.8% $1.26 equivalent in shares • 1 share of common stock per 194 shares of common stock shares outstanding
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073Q26GRUPO MÉXICO RESULTS Grupo Mexico maintains a solid balance sheet Dividend Payments Payout Ratio Dividend Yield 53.9% 2024 4.4% Average 2024 48% Average 44.7% 48.6% 2024 Low leverage 89% fixed denominated 45.0% 48.7% 20252025 4.0% Average 50% Average 49.4% 52.5% $1.50 2025 49.8% $1.50 83% USD 3.9% 4.6% 4.7% 4.2% 4.8% 4.4% 4.0% 3.1% US$3.6 billion generated in 9M26 Cash Generation 2026 45.1% 2026 37% Average 3.3% 2026 3.0% Average 39.0% 3.7% ** Dividend in pesos considering stock dividend for 3Q26, based on the closing price of the day of the decree. $1.00 $1.20 $1.30 $1.10 $1.20 $1.30 $1.50 $1.50 $1.65 $1.82 * $1.26 ** 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q * Dividend in pesos considering both cash and stock dividend for 2Q26, based on the closing price of the day of the decree. 26.8% 2.1%
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Debt Maturity Profile 083Q26GRUPO MÉXICO US Millions Mining Division Comfortable maturity schedule. Cash reached US$13.8Bn. Transportation Division Infrastructure Division RESULTS 41 1,055 1,120 589 198 2,093 1,000 0 0 1,000 1,250 0 0 0 1,274 1,200 0 1,500 0 1,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050
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3Q26 09 02 Mining Division Main Highlights Copper Market Financial Highlights Projects Update Continuous Value Creation MINING DIVISION RESULTS
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Copper Market OutlookLME Copper Price3Q26 10 + + + 4.44 6.41 44% RESULTSMINING DIVISION 3Q26 Expected slight surplus in 2026. Higher demand driven by decarbonization technologies, artificial intelligence, and EVs. 3Q263Q25 Economic and inflationary impacts arising from global conflicts. Copper inventories currently cover 14 days of consumption. - Lower demand coming from Real Estate and Infrastructure (China = -25% in newly launched projects) + -
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113Q26 RESULTS Financial Highlights 3Q26 MINING DIVISION 9M26 Net Cash Cost Accumulated sales 9M26 EBITDA CAPEX Tons of Copper in 9M26 775,997US$14,429 M US$0.38/LB US$1,436 M US$9,161 M A slight reductionof 2.8% vs 9M25, due principallyto lower ore grades as projectedfor 2026in the Peruand AsarcoOperations. This was partially offset by higher production at our miningunitsin Mexico. 39.6% increasevs 9M25, mainly dueto an increasein volumesof zinc sales,and higherpricesin copper (+30.6% COMEX), molybdenom (+34.6%), zinc (+26.2) andsilver(108.2%). 59.9% increase vs 9M25 with a 63.5% margin. 58.8% improvement vs 9M25, a reduction of US$0.55. + + - In 9M26
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Perú Projects Updates Tía Maria Arequipa, Perú (2028): By the end of the third quarter of 2026, the project had reached 49.6% overall completion and generated 6,817 jobs, including 1,181 positions filled by local workers. The Company intends to cover the estimated 7,000 jobs that will be created during Tia Maria’s construction phase with workers from the Islay province. As of September 30, 2026, the Company has committed $1,1 billion to the Tía María project, with $884.3 million already invested. Large-scale earthworks have concluded, and 18.9 million metric tonnes of material have been transferred to the La Tapada stripping deposit. Most work orders for the project’s primary equipment have been issued, and purchase orders for the leaching process have been placed to secure the main and secondary equipment. Work is advancing at the main electrical sub-stations and transmission line, while civil work, metal structure assembly, and the construction of the SX and EW facilities continue to progress. Operations are expected to begin in 1H28. Los Chancas Apurimac, Peru (2031): Social and environmental management programs are being implemented in the communities within the project’s direct area of influence, in accordance with the Framework Agreement signed for the Development of the Tiaparo Peasant Community and the Los Chancas Mining Project. In addition, measures are being taken to regain control of the project area, which has been threatened by illegal miners. 3Q26 RESULTS 12MINING DIVISION
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Perú Projects Updates Michiquillay Cajamarca, Peru (2032): The deposit’s Mineral Resource Estimation and Classification report has been developed using geological information obtained from drilling programs and geological models and complies with SEC S-K 1300 mining disclosure standards. A study is underway to determine the location of a conventional and/or filtered tailings storage facility, while hydrological, hydrogeological, and geotechnical studies continue to advance. 3Q26 RESULTS 13MINING DIVISION Cuajone Expansion Moquegua, Peru: At Cuajone, we are evaluating an expansion of the concentrator’s milling capacity from 90,000 to 120,000 tonnes per day to maintain or potentially increase production. The expansion would support an average annual increase of approximately 55,000 tons of copper and 1,400 tons of molybdenum production, representing a 33% increase in milling capacity. In parallel, studies are underway to assess the feasibility of a larger expansion to 150,000 tons per day.
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Mexico Projects Updates 3Q26 RESULTS El Pilar Sonora, Mexico (2029): This new copper project has obtained all required environmental permits. In September 2026, early site preparation began for the development of power infrastructure and onsite construction offices. Contracts and studies for the substation and transmission line are progressing, while basic engineering contracts for the access road, railway spur, substations, and power lines have been awarded. Development activities continue to advance, including the bidding process for the SX-EW plant, which is expected to be completed before year-end. Construction is scheduled to begin in the first quarter of 2027, with production expected to start in the second half of 2029. 14MINING DIVISION
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Projects Timeline Tía María Perú 2028 2029 120k tons Cu $1.8 Bn El Pilar México 36k tons Cu $551M Los Frailes Andalucía, Spain 2030 2031 2032 El Arco México 190k tons Cu 105k Oz Au $2.9 Bn Los Chancas Perú 130k tons Cu 7.5k tons Mo $2.6 Bn Michiquillay Perú 225k tons Cu $2.5 Bn Possible two smelters Empalme Smelter $1.1 Bn 2029 Ilo Smelter $1.3 Bn 2033 3Q26 RESULTS 15MINING DIVISION RESULTS 85k tons Zn Board Approved l + 156k tons CU Other Projects l + 545k tons CU $0.5 Bn
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3Q26 16TRANSPORTATION DIVISION 03 Transportation Division Main Highlights Financial Highlights Main Variations Operating Metrics CAPEX 2027 Outlook 2027 RESULTS
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173Q26 RESULTS US$2,850 M US$1,171 M Accumulated sales 9M26 EBITDA US$332 M 9M26 NET INCOME 5.4% vs 9M25 TRANSPORTED VOLUME 9M26 NET TON-KM CARLOADS 5.4% Financial Highlights 3Q26 TRANSPORTATION DIVISION + 1,555,046 cars hauled in 9M26+ 14.0% increase vs 9M25 + 9.3% higher than 9M25 41.1% margin - 11.3% lower than 9M25
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Main Variations RESULTS3Q26 18 TRANSPORTATION DIVISION Revenue 3Q26 | MXN % Revenue Growth
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19 3Q26 VS 3Q25 Average train speed (KM/HR) Dwell time (HOURS) Cars velocity (KM/DAY) Crew starts (AVERAGE MONTH) 0% +8% -2% +3% +3% +1% Gross tons per train (TONS) Average train length (METERS) RESULTS3Q26 19TRANSPORTATION DIVISION 38.8 39.2 3Q26 3Q25 22.4 20.9 3Q26 3Q25 301.8 308.4 3Q26 3Q25 1,891 1,843 3Q26 3Q25 5,897 5,747 3Q26 3Q25 7,838 7,737 3Q26 3Q25
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CALEXICO NOGALES ELPASO PORTCANAVERAL FORTPIERCE PORTPALMBEACH PORTEVERGLADES PORTMIAMI MEXICALI NOGALES HERMOSILLO CHIHUAHUA PIEDRAS NEGRAS CD.FRONTERA MONTERREY ALTAMIRA TAMPICO VERACRUZ PUEBLA MANZANILLO COLIMA GUADALAJARA MAZATLÁN TEPIC CULIACÁN TORREÓNTOPOLOBAMPO COATZACOALCOS MEDIASAGUAS CD.JUAREZ OJINAGA FT.STOCKTON BIGLAKE SANANGELO SANANGELOJ.C.T BELDING ORLANDO JACKSONVILLE SOUTH DAYTONA Ferrobuque ALPINE PRESIDIO E A G L E PASS BROWNSVILLE,TX. 1 4 5 PÉNJAMO IRAPUATOSILAO AGUASCALIENTES ZACATECAS CAPEX GMXT 2027 Million USD Description Main Projects 203Q26TRANSPORTATION DIVISION RESULTS 2027 Track and Equipment Yards and Terminals Special Projects Locomotive $ 384.0 $ 71.4 $ 43.5 $ 120.2 $ 619.2 • New Rail & Ties (1) • Locomotive and Machinery Overhauls • Tools and equipment • Bridges (2) • Under cutting (3) • Yards reconfiguration • Siding enlargement • Safety Program • Celaya Bypass (3) • Locomotive acquisition -Exchange Rate: $18.45 MXP X USD
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Outlook 2026 Volume Growth 3% - 5% 6% - 8% $450.0 Revenue Growth CAPEX (Million USD) 3Q26TRANSPORTATION DIVISION RESULTS 21 2027 5% - 8% 8% - 10% $619.2 2027
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3Q26 22 04 Infrastructure Division Financial Highlights Relevant Events INFRASTRUCTURE DIVISION RESULTS
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233Q26 RESULTS US$618 M US$371 M 9M26 Sales 9M26 EBITDA 9M26 Net income 24.6% higher than 9M25, this is mainly explained by the integration of Saavi Energía, the reactivation of all our drilling platforms, and higher revenues from real estateleases. + Financial Highlights We continue to make progress towards our strategic objectives within our business units. 3Q26 729.4% higher vs 9M25, as a result of the sale of 81.1% of our stake in the Salamanca-Leon highway business unit. US$309 M + + INFRASTRUCTURE DIVISION 30.5% higher vs 9M25, with a 49.9% margin, mainly driven by higher contributions from Energy, Drilling, and Real Estate were partially offset by lower results in Construction and Engineering and the effect of the Highways sale.
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Relevant Events 3Q26 RESULTS 24 INFRASTRUCTUREDIVISION Energy Business SAAVI integration marks a new chapter During the 3Q26, the energy division delivered strong growth, with revenues reaching $375 million and $206.9 million in EBITDA, representing year over year growth of 60.4% and 69.1%, respectively. Performance was primarily driven by the consolidation of Saavi beginning September 8, 2026, marking a major milestone in the expansion of Grupo México’s energy platform. With a 70% controlling stake, Grupo México now leads one of Mexico’s largest private power generation platforms, significantly expanding the scale and strategic relevance of Energy within the Infrastructure portfolio. Oil and Drilling (PEMSA) Strong operational and earnings recovery For the third quarter of this year, PEMSA reported revenues of $55.4 million and EBITDA of $14.7 million in 3Q26, increasing 3.8% and 114.8% year over year, respectively. The sharp EBITDA recovery reflects the return to operations of the Zacatecas and Chihuahua platforms in July, followed by Campeche in August and Tabasco in September. With our oil rig fleet fully operational, the business is entering a new phase of improved asset utilization and earnings recovery after the operational disruptions.
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Relevant Events Real Estate Continues to provide stable growth and high-quality recurring cash flow The Real Estate segment maintained its positive momentum for the third quarter, reporting revenues of $81.1 million and EBITDA of $50.1 million, up 14.7% and 10.4% year over year, respectively. Results were supported by higher rental income, favorable FX effects, and a solid 93.5% occupancy rate, reinforcing the platform’s ability to generate resilient and recurring cash flows. The Company continues to actively evaluate growth and investment opportunities to further expand its presence in the real estate sector. Real Estate Grupo Proyecta builds the foundation for lonf-term real estate growth Since January 1, 2026, Grupo México Infraestructura has consolidated Grupo Proyecta, adding a fourth stage of Lomas de Angelópolis and a broader pipeline of developments to its Real Estate portfolio. Most projects remain in the early development stage and therefore continue to make a limited contribution to current results. Nonetheless, the platform provides a meaningful pipeline for future growth, with contributions expected to increase as projects progress through commercialization and reach greater maturity. 3Q26 RESULTS 25INFRASTRUCTURE DIVISION
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263Q26 RESULTSINFRASTRUCTURE DIVISION Energy Division Assets Rosita I 896 MW Combined Cycle Plant Chihuahua 328 MW Combined Cycle Plant El Retiro 74 MW Wind Farm La Caridad 530 MW Combined Cycle Plant La Lucha 131 MW Solar Power Plant San Luis de La Paz 242 MW Combined Cycle Plant Tierra Mojada 970 MW Combined Cycle Plant Bajío 728 MW Combined Cycle Plant Rosita II 337 MW Combined Cycle Plant Fenicias 168 MW Wind Farm Energy and SAAVI SAAVI Assets GM Energía Assets • 7 combined cycle plants • 2 wind farms • 1 solar power plant • 1 facility of 3 mobile gas turbines • 3 gas compressor facilites
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3Q26 27 05 Q&A Reference Slides RESULTS
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RESULTS3Q26GRUPO MÉXICO VAR%9M259M26VAR %3Q253Q26USD 35.3%13,02417,61637.9%4,5926,333Revenue (MM) 58.1%5,8389,22860.4%2,0793,335Operating Income (MM) 49.9%7,08310,62050.5%2,5053,770EBITDA (MM) 54.4%60.3%54.6%59.5%EBITDA Margin -59.5%0.920.37-56.7%0.780.49Cash Cost 18.8%4.04.75-16.0%1.501.26**Dividend Per Share ($MXN) Financial Highlights 28 * Dividend in pesos considering both cash and stock dividend for 2Q26, based on the closing price of the day of the decree. ** Dividend in pesos considering only stock dividend for 3Q26, based on the closing price of the day of the decree.
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3Q26 Results