Earnings release
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1 3Q26 – Quarterly Report Highlights During the quarter, Megacable reaffirms its focus on operating efficiency by expanding its EBITDA margin by 130 bps compared with 3Q25, achieving a margin of 46% and EBITDA of Ps. 4,326 million, an increase of 10% on the same basis. Net Income for the quarter reached Ps. 813 million, an increase of 30% compared with 3Q25, driven by greater operating efficiency and lower financial expenses. At the end of 3Q26, the Company's total revenue reached Ps. 9,504 million, representing 7% growth compared to 3Q25, the Corporate Telecom segment contributed Ps. 1,341 million, growing 8% over the same period. Cash flow1 for the period stood at Ps. 1,954 million, an increase of 25% year -over-year. During the quarter, the leverage ratio stood at 1.21x, remaining within the ranges established by the Company. During the third quarter, capital expenditure totaled Ps. 2,372 million, representing 25% of revenue. This was in line with the seasonality of our business, as the third quarter typically reflects a higher level of investment. Despite this, the amount was the lowest third-quarter CAPEX recorded since the beginning of our expansion phase. This trend is also reflected in the year -to-date figure, with CAPEX representing 23% of revenue. In 3Q26, Internet and Fixed Telephony services added 60 thousand and 84 thousand new subscribers, respectively, compared with 2Q26, in line with the Company’s focus on attracting higher-quality subscribers. Guadalajara, Jalisco, Mexico, October 29, 2026 — Megacable Holdings, S.A.B. de C.V. (“Megacable” or “the Company”) (BMV: MEGA.CPO) announced today its financial results for the third quarter of 2026 (3Q26). Figures were prepared in accordance with current International Financial Reporting Standards (IFRS). All figures are expressed in thousands of M exican pesos (Ps.), unless otherwise stated. Consolidated Financial and Operational Results 1 Cash Flow is calculated as EBITDA-CAPEX 3Q26 3Q25 % Var Income 9,504,186 8,921,018 6.5% Mass Segment Income 8,081,449 7,594,726 6.4% EBITDA 4,325,672 3,945,530 9.6% EBITDA Margin 45.5% 44.2% Net Profit 813,432 627,823 29.6% Cash and short-term investments 4,655,547 3,703,358 25.7% Net Debt 20,340,555 22,292,294 -8.8% CAPEX 2,371,874 2,376,892 -0.2% Market Cap (Ps. Millions) 44,308 50,797 -12.8% Subscribers Internet 6,078,585 5,673,088 7.1% Video Content 3,959,895 3,994,049 -0.9% Telephony 5,406,316 5,082,344 6.4% Mobile services 844,841 640,401 31.9% RGUs 15,444,796 14,749,481 4.7% Other Data Home Passed 19,907,239 18,707,485 6.4% Network Kilometers 111,855 106,703 4.8% Employees 31,770 34,503 -7.9%
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2 3Q26 – Quarterly Report General Remarks During the third quarter, Megacable reaffirmed the strength of its business model, recording sustained revenue growth in consolidated revenues. Supported by the positive performance of both business segments. In addition, the Company continue s to a dvance its strategy focused on efficiency and productivity, which prioritizes business profitability. As a result, the Company achieved the highest EBITDA figure in its history and a margin expansion of 130 bps compared with the 3Q25. Furthermore, the normalization of the investment cycle supported strong cash flow generation, a key objective within our value creation strategy. These results reflect Megacable’s ability to translate growth into profitability and generate sustainable value for its shareholders. Internet Subscribers During the quarter, Internet service reached a total of 6,078,585 subscribers, representing growth of 7.1%, or 405 thousand net additions, year -over-year. The Company added 60 thousand new subscribers during the quarter, reflecting a commercial strategy fo cused on attracting quality subscribers. At quarter -end, 89% of Megacable’s subscribers were connected through fiber technology, significantly above the 82% reported in 3Q25. Growing fiber penetration reflects the ongoing modernization of the network and strengthens a differentiated technology platform, providing a solid foundation to capture growth opportunities, improve the customer experience, and sustain operating advantages in increasingly demanding markets. Video Content Subscribers Unique Video Content Subscribers reached 3,959,895 at period -end, comprising 3,720,568 traditional Video subscribers and nearly 2.7 million streaming apps, the greater adoption of streaming apps reflects a strategy aimed at strengthening the digital content offering on our Xview + video platform, adapting it to subscribers’ viewing preferences. Telephony Subscribers Telephony service ended 3Q26 with 5,406,316 subscribers, adding 324 thousand new subscribers compared with 3Q25, an increase of 6.4%. During the quarter, 84 thousand new subscribers were added, representing sequential growth of 1.6%. This performance was primarily driven by the service bundling strategy.
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3 3Q26 – Quarterly Report Mobile Service Subscribers At quarter-end, Mobile Service reached 844,841 lines, after adding 204 thousand lines year -over- year, an increase of 31.9%. During the quarter, 64 thousand lines were added, maintaining the growth trajectory recorded by the mobile service. RGUs At the end of 3Q26, revenue generating units (RGUs) reached 15.4 million, consolidating the sustained growth of the Mass Segment. This performance represents a significant increase from the 14.7 million reported in 3Q25, equivalent to year-over-year growth of 4.7%. Churn Rate During the quarter, churn rates declined across all three services compared to 3Q25. Sequentially, Internet churn improved, telephony remained stable, and Video experienced a slight increase; while still remaining below the levels reported in 3Q25. Overall, the year -over-year improvement across all three services reflects a favorable evolution in the quality subscriber base. Revenue During the third quarter, total revenues reached Ps. 9,504 million, an increase of 7% year-over-year, while revenues for the first nine months totaled Ps. 28,191 million, up 7%. This performance was driven by the continued expansion of the subscriber base, particularly Internet, and the stabilization of the churn rate, amid broader network coverage and modernization. Corporate Segment revenues reached Ps. 1,423 million, an increase of 7% year -over-year, continuing the growth momentum recorded in the previous quarter. Includes Ps. 285 million from Mobile Services in 3Q26 3Q26 2Q26 3Q25 Internet 1.9% 2.0% 2.3% Video 2.5% 2.4% 2.7% Telephony 2.1% 2.1% 2.7% 3Q26 3Q25 %Var 9M26 9M25 %Var Mass 8,081,449 7,594,726 6% 24,069,076 22,182,452 9% Corporate 1,422,736 1,326,293 7% 4,121,827 4,045,179 2% Total 9,504,186 8,921,018 7% 28,190,903 26,227,632 7%
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4 3Q26 – Quarterly Report ARPU ARPU for the quarter stood at Ps. 429.5, reflecting a decline compared to the same period last year and remaining virtually unchanged on a sequential basis. This performance was primarily driven by the package mix, as well as a higher proportion of subscribers in expansion territories, where average revenue is lower due to promotional pricing. Note: (1) ARPU is average revenue per subscriber, calculated as total Mass Segment revenue, excluding the Corporate Segment and the Mob ile business, during the relevant period, divided by the average number of Internet subscribers. Corporate Telecom Segment Revenue Corporate Telecom revenue increased 8% compared with 3Q25. This performance confirms the segment’s recovery after several periods of contraction and reinforces expectations for revenue stabilization during the year. Costs & Operating Expenses During the quarter, cost of services increased 2% compared with the same quarter last year. On the same basis, expenses increased 6%, below revenue growth. This performance reflects the Company’s operating discipline and its focus on more efficient resource management following a period of expansion and infrastructure investment. EBITDA Compared with the same period last year, EBITDA increased 10%, outpacing revenue growth, to Ps. 4,326 million, the highest figure recorded by the Company. This allowed the Company to achieve an EBITDA margin of 45.5%, an expansion of 130 bps compared with 3Q25. Notes: (1) EBITDA is calculated by adding the following to the Company’s net income (loss): depreciation and amortization, net compr ehensive financing result, non - recurring expenses (income), income tax, employee profit sharing, the share of results of associates , and non-controlling interest. 3Q26 3Q25 % Var 2Q26 % Var (Ps.) . ARPU (1) 429.5 436.8 -2% 430.8 0% 3Q26 3Q25 %Var 9M26 9M25 %Var Corporate Telecom 1,341,376 1,238,933 8% 3,866,011 3,760,131 3% Content 81,360 87,359 -7% 255,816 285,048 -10% Total 1,422,736 1,326,293 7% 4,121,827 4,045,179 2% 3Q26 3Q25 %Var 9M26 9M25 %Var EBITDA (1) 4,325,672 3,945,530 10% 12,834,246 11,882,786 8% EBITDA Margin 45.5% 44.2% 45.5% 45.3%
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5 3Q26 – Quarterly Report Net Comprehensive Financing Result During the quarter, the Net Comprehensive Financing Result totaled a net expense of Ps. 531.2 million, 3% below the Ps. 548.1 million reported in 3Q25. This decrease was primarily due to lower interest expense, which was partially offset by a foreign exchange loss of Ps. 61.0 million. It is worth noting that 71% of the debt is subject to variable interest rates and is entirely denominated in Mexican pesos. Net Income Net Income for the quarter reached Ps. 813 million, an increase of 30% compared with 3Q25. This performance reflects greater operating efficiency, margin expansion, and a reduction in financial expense, consolidating Megacable’s ability to capture greater benefits from the investments made in recent years. Net Debt Net Debt ended the quarter at Ps. 20,341 million, a decrease of 8.8% compared with 3Q25, driven by stronger operating cash generation and EBITDA growth, which translated into more cash available. Sequentially, Net Debt decreased 6%. As a result, the leverage ratio declined from 1.45x in 3Q25 to 1.21x at period-end, remaining within the ranges established by the Company, it is also worth noting that, on a sequential basis, total interest-bearing debt decreased by Ps. 1,237 million. 3Q26 3Q25 Net Exchange Loss (profit) 60,957 (9,922) Interest Income 98,673 94,045 Interest Expense 568,890 652,017 Net Comprehensive Financial Result (531,175) (548,050) 3Q26 3Q25 2Q26 Short Term Debt 9,015,291 1,600,752 3,213,912 One year maturity of long-term bank loans 8,776,362 1,448,857 2,962,843 Short-term leases 238,928 151,895 251,069 Long-Term Debt 15,980,812 24,394,900 23,018,823 Bank Loans 8,330,000 12,840,358 12,800,000 Accounts Payable 6,795,471 10,944,861 9,323,071 Long-term leases 855,340 609,681 895,751 Total Debt 24,996,103 25,995,652 26,232,735 Cash and Short-Term Investments 4,655,547 3,703,358 4,650,346 Net Debt 20,340,555 22,292,294 21,582,389
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6 3Q26 – Quarterly Report Cash Flow EBITDA less CAPEX amounted to Ps. 1,954 million during the quarter, representing a 25% increase compared to 3Q25. For the first nine months of the year, this figure reached Ps. 6,288 million, up 19% year-over-year. This reflects the Company's ability to co nvert most of its EBITDA growth into cash generation. 1 Cash flow is calculated as EBITDA − CAPEX. CAPEX During 3Q26, the Company invested Ps. 2,372 million, equivalent to 25.0% of quarterly revenue. On a year-to-date basis, capital expenditures totaled Ps. 6,546 million, representing 23.2% of revenue. Excluding the impact of foreign exchange movements, the Company continues to reduce CAPEX as a percentage of revenue, in line with the investment targets established for 2026. Stock Information As of September 30, 2026, the share price closed at Ps. 51.48, a decrease of 12.8% compared with the prior year. 3Q26 3Q25 %Var 9M26 9M25 %Var EBITDA-CAPEX (1) 1,953,798 1,568,637 25% 6,287,974 5,287,636 19% 6,302 7,881 8,959 7,857 6,595 6,546 34.7% 39.4% 40.7% 32.3% 25.1% 23.2% 9M21 9M22 9M23 9M24 9M25 9M26 CAPEX as a Percentage of Revenues CAPEX 9M CAPEX / Revenues(%) Ticker MEGA.CPO Total Shares (thousands) 1,721,356 Shares in treasury (thousands) 7,840 Free Float Mkt. Cap (In Ps. millions) Closing price (Ps.) * Variation % * Source: Refinitiv 3,920 853,789 2 "A" Series Shares = 1 CPO -12.8% 59.02$ 50,797$ 51.48$ 44,308$ As of sep 30, 2026 As of sep 30, 2025 52% CPOs "A" Series
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7 3Q26 – Quarterly Report 3Q26 Earnings Conference Call Megacable will hold its 3Q26 earnings videoconference on Friday, October 30, 2026, at 10:00 a.m. (Mexico City time) / 12:00 p.m. (New York time). To access the videoconference, please register using the following link: https://us02web.zoom.us/webinar/register/WN_9OHojACGSBKOmnTkFLCf1Q The audio replay of the 3Q26 videoconference and recordings from prior periods can be accessed at: https://inversionistas.megacable.com.mx Investor Relations: Alan Esaú Gallegos López Investor Relations and Financial Planning Manager Phone: + 52 (33) 3750 0020 ext. 61091 investor.relations@megacable.com.mx Disclaimer This document may contain information regarding the Company’s results and future prospects , which is subject to inherent risks and uncertainties. Accordingly, various factors may cause actual results to differ from the estimates presented. Moreover, figures in this report may vary due to rounding. For more information, please visit: https://inversionistas.megacable.com.mx
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8 3Q26 – Quarterly Report Megacable Holdings, S.A.B. de C.V. Statement of Financial Position As of September 30, 2026 and 2025 2026 2025 ASSETS CURRENT ASSETS Cash and short-term investments 4,655,547 3,703,358 Accounts receivable from customers and advances to suppliers, net 3,227,477 3,422,166 Recoverable taxes 1,673,988 1,515,404 Inventories 557,498 612,951 Total Current Assets 10,114,510 9,253,880 NON-CURRENT ASSETS Property, systems and equipment, net 55,726,812 55,581,434 Goodwill, net 4,366,058 4,366,058 Intangible assets by right-of-use assets 999,217 681,550 Other assets 1,626,541 1,552,952 Affiliated and associated companies 1,269,570 1,372,355 Total Assets 74,102,708 72,808,230 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES One year maturity of long-term liabilities 8,776,362 1,448,857 Suppliers 4,945,350 3,741,425 Short-term affiliated and associated companies 136,270 107,269 Accounts payable and accrued expenses payable 2,119,809 1,719,641 Short-term leases payable 238,928 151,895 Total Current Liabilities 16,216,720 7,169,087 LONG TERM LIABILITIES Bank loans 8,330,000 12,840,358 Labor obligations 516,632 477,645 Accounts payable 6,795,471 10,944,861 Deferred taxes 5,203,163 4,404,499 Affiliated and associated companies 598,225 744,703 Accrued Income 412,031 560,073 Long-term leases payable 855,340 609,681 Total Long-Term Liabilities 22,710,863 30,581,821 Total Liabilities 38,927,583 37,750,908 STOCKHOLDERS' EQUITY Capital Stock 910,244 910,244 Net Premium on the placement of shares 2,117,560 2,117,560 Retained Earnings 30,264,356 30,305,773 Minority Interest 1,348,196 1,165,059 Legal Reserve 534,768 558,686 Total Stockholders' Equity 35,175,125 35,057,322 Total Liabilities & Stockholders' Equity 74,102,708 72,808,230
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9 3Q26 – Quarterly Report Megacable Holdings, S.A.B. de C.V. Income Statement Third Quarter 2026 y 2025 3Q26 3Q25 % Var Income 9,504,186 8,921,018 7% Cost of Services 2,500,753 2,445,598 2% Gross Profit 7,003,433 6,475,420 8% Operating and General Expenses 2,677,761 2,529,891 6% EBITDA 4,325,672 3,945,530 10% Depreciation and amortization 2,591,063 2,441,020 6% Operating Profit 1,734,608 1,504,510 15% Other income (expenses), net 24,578 536 NA Comprehensive Financing Income, Net 531,175 548,050 (3%) Income Before Income Tax and Minority Interest 1,228,012 956,995 28% Income Tax 368,332 287,098 28% Net Profit 859,680 669,897 28% Net income attribute to: Non-Controlling interest 46,248 42,074 10% Controlling interest 813,432 627,823 30% 859,680 669,897 28% 9M26 9M25 % Var Income 28,190,903 26,227,632 7% Cost of Services 7,522,156 7,129,278 6% Gross Profit 20,668,748 19,098,354 8% Operating and General Expenses 7,834,502 7,215,568 9% EBITDA 12,834,246 11,882,786 8% Depreciation and amortization 7,659,029 7,068,412 8% Operating Profit 5,175,217 4,814,374 7% Other income (expenses), net 89,880 65,963 36% Comprehensive Financing Income, Net 1,494,150 1,640,910 (9%) Income Before Income Tax and Minority Interest 3,770,947 3,239,426 16% Income Tax 1,131,284 971,828 16% Net Profit 2,639,663 2,267,598 16% Net income attribute to: Non-Controlling interest 133,070 148,828 (11%) Controlling interest 2,506,593 2,118,770 18% 2,639,663 2,267,598 16%