Slides
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Public Information Green 4Q25 Corporate Presentation
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This presentation contains forward-looking information based on numerous variables, expectations and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business decisions, all of which are difficult or impossible to predict accurately. Accordingly, future results are likely to vary from those set forth in this presentation. You should not place undue reliance on forward-looking information. All forward-looking information is made as of the date of this presentation, based on information available to us as of such date, and we assume no obligation to update any forward-looking information. Copyright© 2026 Sigma Foods, S.A.B. de C.V. All rights reserved. Reproduction and distribution is forbidden without the prior written consent of Sigma Foods, S.A.B. de C.V. Disclaimer
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17 Countries 100+ Brands 640K Points of Sale US $1.0B Comp. EBITDA* *2025 figures for Sigma Foods 1.8M Tons of food US $9.3B Revenue*
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Cooked meats 49% 4 Europe 26% Latam 7% U.S. 18% Mexico 49% Leading presence in 17 countries Revenue by region and category mix on a LTM basis as of 4Q25 Dairy 27% Dry Meats 13% Others 11%
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5 Investment Highlights 5 Underpinned by a strong culture, driven by a motivated employee base and engaged management team Green Strong understanding of consumer preferences World-class brands across a diverse product portfolio State-of-the-art innovation and R&D capabilities Multi-channel refrigerated distribution network Industry-leading performance; resilient supply chain 240,000+ consumer contact points annually #1, #2 or #3 brand in all categories / markets 2 R&D Centers 260+ Food Scientists 640k points of sale visited weekly across 17 countries Double-digit ROIC (USD) Multinational leader in the food industry delighting consumers with a portfolio of preferred, innovative brands
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#1 Cooked meats #1 Cheese #2 Yoghurt Europa #1 Cooked meats #1 Cooked meats #1 Ham & Fuets #2 Cooked meats #1 Franks (vol.) #2 Bologna #2 Hispanic cheese #1 Cheese and spreads #1 Cooked meats #2 Cooked meats #2 Cooked meats #2 Cooked meats U.S. Latam Europe Mexico Leading brands in every category and region Brands with annual sales over US $100M, each; 100+ brands in total16
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7 Leading brands across diversified market segments High Medium Value Low Cost Premium YoghurtCheese, Creams and SpreadsCooked Meats OthersFresh Meats ~13% of Revenues come from licensed brands, including Yoplait®, Oscar Mayer, among others
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8 Multi-channel consumer reach Mexico Europe U.S. Latam (% Sales) 41 72 73 46 42 18 20 33 17 10 7 21 Modern Traditional Foodservice
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Multinational scale with local production & distribution capabilities 8 16 130k+ 100+ 25 118 369k+ 6,800+ 1 12 30 91k+ 800+ 20* 27 41k+ 790+ 1 Costa Rica Dominican Republic Honduras Guatemala Ecuador El Salvador Nicaragua Peru Spain France Portugal Belgium The Netherlands Germany Romania U.S. Latam Europe Mexico 65 Manufacturing Facilities 191 Distribution Centers 640k Points of Sale 8,600+ Vehicles 2 R&D Centers Manufacturing facilities Distribution Centers Points of Sale Vehicles R&D Center *Includes Torrente facility to be replaced with new plant in the region
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10 By category Revenue Breakdown By geography Net Sales (US$ B) Countries $9.2 $0.8 17 4 National Leadership $2.6 9 International Expansion 76% 15% 9% Glocality 74% 25% 98% Mexico Europe U.S. Latam Dairy Dry Meats Other 2000 LTM 4Q25 2010 49% 13% 27% 11% 49% 26% 18% 7% SIGMA - Track record of continuous growth & transformation 63% 32% 5% Cooked Meats
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Consumer-centered innovation with proprietary R&D platform Innovation – Design Thinking 10% of Revenues from innovations 1,800+ New Product Launches in the last 3 years Consumer Research 240,000+ Contacts / year (Sigma-IDEO design studio; launched in 2025) 10 Innovation commitments established Research & Development 2 Technological Centers (Mexico & Spain) 260+ Specialists 35+ Patents & IP Proprietary Analytical Tools & models 11
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12 SIGMA - Historical Financial Results =+NUMBERVALUE("20"&RIGHT($Q$6, 2)) EBITDA SIGMA (US $ Million) Revenue SIGMA (US $ Million) Volume SIGMA (k Ton) 1,704 1,701 1,740 1,773 1,829 1,826 2020 2021 2022 2023 2024 2025 1% CAGR 6,347 6,817 7,425 8,505 8,804 9,174 2020 2021 2022 2023 2024 2025 7% CAGR 684 741 652 893 1,046 1,071 2020 2021 2022 2023 2024 2025 9% CAGR CAGR: Annual Compound Growth Rate
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Purpose & Business Strategy
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Joy Connection Joy Connection Promoting Health Sustainability Delicious food Present Future Building our Purpose
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A promise to always provide great tasting, flavorful food
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An ambitious commitment to make life even better for both: people and planet
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17 Strengthen the organization New sources of revenueGrow the core Explore the Future Business strategy • Health though food • Responsible protein • Culture • Capabilities • Systems and processes • High potential opportunities • New global categories • New business models • Defend and grow large-scale sources of profitability
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Growing the Core through: • Execution with excellence and efficiency to deliver a winning value proposition. • Margin Expansion based on revenue growth, cost-saving initiatives, portfolio optimization, and leveraging on scale. • Deep consumer knowledge, innovation, and brand equity to exceed changing consumers’ needs.
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• Prepared Foods, Spreads, etc. • Hispanic Cheeses, Dinner Sausages, Lunch Meats, etc. • High-protein snacks, etc. • Traditional Channel, Foodservice, etc. Cross-fertilization to attend high-value-opportunities identified in each region: 19 New Sources of Revenue: High Potential Opportunities
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New Sources of Revenue: Global categories & new business models Disruptive Growth Potential Innovation (Idea generation) Incubation (Pilot) Market (Launch) Market (Scale)
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21 Strengthen the organization: Evolve capabilities to enhance the organization’s potential Culture (Fundamentals) Capabilities & Systems (Our competitive advantage bets and the processes & data to support them) Essentialism and alignment Mindsets & Behaviors Passion for Consumer Talent Ownership Consumer-centric Innovation Consumer-centric Marketing Systems & Processes
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22 Explore the Future Health Through Food Responsible Protein
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4Q25 Results
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24 Note on changes to Sigma Foods’ Consolidated Financial Statements On October 24, 2024, Sigma Foods’s shareholders approved the spin-off of Sigma Foods’s share ownership in Alpek into a newly listed entity, “Controladora Alpek.” Shares of Controladora Alpek were subsequently distributed to Sigma Foods shareholders on April 4, 2025. In accordance with International Financial Reporting Standards (IFRS), Alpek met the definition of a Discontinued Operation for purposes of Sigma Foods’s Consolidated Financial Statements. Discontinued Operations represent the net results of a component of the Group that has either been disposed of or is classified as held for disposal. The changes in Sigma Foods’s Consolidated Financial Statements are as follows: The Consolidated Statement of Financial Position - Beginning in 3Q24 and through the distribution date in April 2025, Alpek’s balances are presented as: – “Current Assets from Discontinued Operations” – “Current Liabilities from Discontinued Operations.” The Consolidated Statement of Income presents Alpek’s net revenues and expenses as a single line item “Profit (loss) from Discontinued Operations” as follows: – 4Q25: no figures presented related to Alpek – 3Q25: no figures presented related to Alpek – 4Q24: accumulated figures for the three months ended December 31, 2024 – 2025: accumulated figures for the three months and three days ended April 3, 2025 – 2024: accumulated figures for the twelve months ended December 31, 2024 The Change in Net Debt presents Alpek’s net inflows and outflows as a single line item “Decrease (Increase) in Net Debt from Discontinued Operations” as follows: – 4Q25: no figures presented related to Alpek – 3Q25: no figures presented related to Alpek – 4Q24: accumulated figures for the three months ended December 31, 2024 – 2025: no figures presented related to Alpek – 2024: accumulated figures for the nine months ended September 30, 2024 Additionally, Alpek’s Net Debt is disclosed as “Net Debt from Discontinued Operations” at the close of 3Q24. Prior periods are not restated, and subsequent periods do not present Alpek’s Net Debt following distribution of Controladora Alpek shares.
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25 2025 Comparable EBITDA of US $1.0 B, in line with Guidance Mexico ● Delivered all - time high quarterly revenues, supported by selective price actions and volume growth ● Retail channels and dairy drove volume gains ● 4Q25 EBITDA +40% YoY; +200 bps EBITDA margin expansion reflecting strong execution and a favorable comparison vs. 4Q24 United States ● Continued growing penetration of Hispanic brands in mainstream channels, partially offsetting lower Volume in National brands ● Achieved the highest 4Q EBITDA, +5% YoY , supported by pricing discipline and improved operating performance Europe ● 4Q Revenues + 11 % YoY (+2% in Euros) supported by 1% Volume growth ● 4Q EBITDA, +31% YoY driven by insurance reimbursements, operating execution, and FX ● Signed agreement to restructure Fresh Meats business to improve branded - product focus, profitability, and pork supply traceability Latam ● Record quarterly revenue, up 2% YoY driven by higher average prices ● 4Q25 EBITDA -12% YoY reflecting higher costs and transitory operational challenges; second consecutive quarter with sequential improvements (+9% vs. 3Q25)
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26 Volume growth of 1% versus 4Q24, driven by Mexico Volume SIGMA (kTons) Volume SIGMA – Δ YoY (kTons) Volume SIGMA - Δ QoQ (kTons) 432 443 454 458 4Q22 4Q23 4Q24 4Q25 5 1 4Q24 Mexico Europe -1 U.S. 0 Latam 4Q25 454 458 1% 3 2 1 3Q25 Mexico Europe -10 U.S. Latam 4Q25 463 458 -1%
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27 Revenue growth driven by selective price actions, Volume, and a favorable currency translation Revenues Sigma Foods (US $ Million) Revenues SIGMA – Δ YoY (US $ Million) Revenues SIGMA - Δ QoQ (US $ Million) 1,964 2,161 2,166 2,447 4Q22 4Q23 4Q24 4Q25 1,995 2,194 2,197 2,463 62 20 11 3Q25 Mexico Europe -38 U.S. Latam 4Q25 2,393 2,447 2%Sigma Foods Δ SIGMA 212 64 2 3 4Q24 Mexico Europe U.S. Latam 4Q25 2,166 2,447 +13%
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Delivered record fourth-quarter EBITDA; meeting full-year guidance EBITDA Sigma Foods (US $ Million) EBITDA SIGMA – Δ YoY (US $ Million) EBITDA SIGMA - Δ QoQ (US $ Million) 160 228 177 278 4Q22 4Q23 4Q24 4Q25 167 229 222 284 222 284 50 12 2 4Q24 Mexico Europe U.S. -2 Latam 4Q25 28% 255 284 33 1 3Q25 -4 Mexico Europe -1 U.S. Latam 4Q25 12% Sigma Foods Δ SIGMA + - 28
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29 EBITDA margins reflect temporary impact from higher costs for certain proteins EBITDA Margin SIGMA (%) EBITDA Margin By Region SIGMA (%) 9.6 10.1 11.5 10.6 12.2 12.4 12.7 9.9 10.7 10.9 10.6 11.6 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 12.4 15.5 15.9 14.5 2.1 1.6 3.8 4.3 10.5 11.6 13.0 12.2 8.7 9.7 8.28.9 2022 2023 2024 2025 Mexico Europe U.S. Latam *Adjusted to exclude net gains from Torrente plant Property Damage insurance reimbursements (4Q24: US $8M; 2Q25: US $63M) * ** *
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30 Comparable EBITDA of US $284 million, driven by solid operational performance EBITDA Sigma Foods (US $ Million) Extraordinary items Sigma Foods (US $ Million) Comparable EBITDA Sigma Foods (US $ Million) 1Q25 2Q25 3Q25 4Q25 SIGMA 0 63 0 0 Others 51 (5) (5) (6) Total 51 58 (5) (6) 220 246 250 284 10.7% 1Q25 10.9% 2Q25 10.6% 3Q25 11.6% 4Q25 220 248 255 284 220 305 245 278 10.7% 1Q25 13.7% 2Q25 10.6% 3Q25 11.6% 4Q25 271 312 255 284 Sigma Foods Δ SIGMA SIGMA EBITDA Margin + -
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Strong financial position Net Debt Sigma Foods (US $ Million) Net Leverage Ratio Sigma Foods (Net Debt/EBITDA) 2,596 2,687 2,709 2,705 1Q25 2Q25 3Q25 4Q25 Sigma Foods 2.6 2.6 2.7 2.5 1Q25 2Q25 3Q25 4Q25 Sigma Foods 31
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Stable Net Debt QoQ supported by solid operating performance Change in Net Debt - Δ QoQ (US $ Milions) 2,709 2,705 159 64 55 35 24 3Q25 -278 EBITDA -64 Net Working Capital Capex Net Financial Expenses Taxes Dividends Other 4Q25
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33 2026 Sigma Foods Guidance Volume (k ton) Revenues (US $ Million) Comparable EBITDA (US $ Million) Capex (US $ Million) Specific FX @18.0 MXN/USD Specific FX @18.0 MXN/USD 1,826 1,863 9,273 9,600 9,900 1,001 1,050 1,100 362 460 2025 2026G 2025 2026G 2025 2026G +2% 2026G* 2025 2026G 2026G* Neutral FX @19.2 MXN/USD Neutral FX @19.2 MXN/USD +4% +7% +5% +10% +27%
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34 Corporate identity alignment initiatives in 4Q25 Website Sigma-Alimentos.com Alfa.com.mx SigmaFoods.com Legal Name & Ticker Alfa S.A.B. de C.V. (BMV: ALFA A) Sigma Foods S.A.B. de C.V. (BMV: SIGMAF A) Logo
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Growth Business Unit • Snack sales have grown 4x since 2023 • Continues driving growth and market expansion: − US: Achieved strong momentum with sales up 112% year-on-year − Europe: Market share record of 32% for plant-based Hot Dogs in Spain • Incursion to the U.S. offering its service in Los Angeles, California • Received 160 startup applications from 17 countries in 2025; 14 pilot tests. • hub for consumer-centered design and innovation: − In Mexico, launched Nochebuena high-temperature resistant butter − 10 innovative concepts commitments for 2026 Credit Ratings • Fitch - Affirmed Sigma Foods and SIGMA’s 'BBB' ratings; Outlooks Stable (January 30, 2026) • Fitch - Review no action of SIGMA’s 'AAA(mex)' rating; Outlook Stable (December 19, 2025) Sigma Foods Liability Management • Ongoing liability management efforts to refinance bank loans maturing in 2027 2026 Dividends Proposal • 2026 cash Dividend proposal will be presented at the Sigma Foods Annual Shareholders’ Meeting • US $150 million total, in two installments Recent Developments
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Governance & Management Team
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Proven top management with 20 years of experience, on average across business areas Roberto Olivares CFO – Finance MBA Duke Gregorio de Haene CRISO - Research, Innovation and Sustainability MBA ITESM Beatriz Patrón CTCO – Talent & Culture MBA IPADE Central Functions Business Units Years in the company Eugenio Caballero CEO Mexico MBA Harvard Juan Ignacio Amat CEO Europe MBA INSEAD, MsC.Industrial Engineer UPM Sergio Ramos CEO Latin America MBA University of Texas at Austin Gerardo Carcoba CEO Foodservice MBA DUXX Alejandro Suárez CIO – Information Technology Master in Operations Research George Washington University CEO Rodrigo Fernández Sigma CEO MBA Wharton Daniel Alanis CGO - Growth MBA & Msc. University of Michigan 23 1 22 37 24 18 43 20 34 4 Jesús Lobo CEO USA MBA Cornell University 27 Ana María Henao CMO – Marketing Business – EAFIT University. 1
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38 Sigma Foods Board of Directors • MARIA TERESA ARNAL Entrepreneur; 25+ years of experience in tech (Google, Twitter & Microsoft) • DIEGO CALDERON ROJAS CEO of Grupo Franca • ENRIQUE CASTILLO SÁNCHEZ MEJORADA CEO of Tejocotes 134, S.C. • ÁLVARO FERNÁNDEZ GARZA Chairman of the Board of Sigma Foods, S.A.B. de C.V. • ARMANDO GARZA SADA Investor • BRENDA GARZA SADA Independent Advisor • CLAUDIO X. GONZÁLEZ LAPORTE Chairman of the Board of Kimberly-Clark de México, S.A.B. de C.V. • DAVID MARTÍNEZ GUZMÁN Founder and Managing Director of Fintech Advisory Inc. • MIGUEL EDUARDO PADILLA SILVA Former CEO – FEMSA. • ALEJANDRA PALACIOS PRIETO Independent advisor on strategy, M&A, and regulatory compliance. • ANTHONY PRALLE Former Partner and Managing Director – BCG, Consumer and Operations in Spain. • ADRIÁN G. SADA CUEVA CEO of Vitro, S.A.B. de C.V. • ALEJANDRO RUIZ FERNÁNDEZ Independent Advisor • RICARDO SALDIVAR ESCAJADILLO Former CEO / President of the BOD - Home Depot Mexico / Tec de Monterrey.
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Sustainability
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40 Sustainability WELLBEINGENVIRONMENT HEALTH AND NUTRITION SHARED VALUE We commit to establishing conditions that motivate and make it easier for our employees and people to adopt habits that improve their quality of life. We focus on reducing our environmental impact by using resources more efficiently. We create economic and social value through our strategic practices. stimulating development and strengthen our value chain. We promote healthy lifestyles through the nutritional profile of our products
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41 Materiality Analysis • Double materiality assessment in preparation for compliance with the Corporate Sustainability Reporting Directive (CSRD) and the International Financial Reporting Standards (IFRS) requirements. Safe food production and distribution by eliminating risks and implementing preventive controls. Our plants are certified to meet the highest safety and quality standards. Continually look to improve the nutritional profiles of our new products. Functional solutions to address specific nutritional requirements, plant-based ingredients, among other characteristics. Prioritize our employees’ wellbeing by protecting their physical and emotional health. Facilities adapted to prevent accidents, and we provide ongoing training through the Global 12 Best Practices Health and Safety Programs and the Total Productive Maintenance (TPM) program. Committed to acting with integrity Adhering to our Global Code of Conduct Best practices to identify, evaluate, control, and reduce potential environmental risks Projects to efficiently manage resources throughout our operations. Raise awareness about climate change and our responsibility in developing solutions. Committed to conserving water and using it efficiently, ensuring sustainable practices that minimize water consumption FOOD SAFETY AND QUALITY HEALTHY AND NUTRITIONAL FOOD HEALTH,SAFETY,WELLBEING, AND WORK-LIFE BALANCE ETHICS AND INTEGRITY CLIMATE ACTION WATER MANAGEMENT
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42 • Decarbonization commitment to limit the global temperature increase to less than 2°C. ➢ Reduce 20% of Scope 1 and 2 emissions by 2027 (2019 baseline). ➢ Decrease Scope 3 emissions by 9.8% by 2027. • Progress as of 2024 includes a 19% reduction in CO2 equivalent emissions at production plants. • 6 out of 11 commitments achieved, and 3 with progress exceeding 95% by the end of 2024. • Monthly monitoring by Management; CRISO* responsible for reporting initiatives. • Compliance with GRI standards. • Inventory verification by expert third-party for 2019 & 2022; 2024 verification in process (Carbon Trust). • Implementation of the ESG platform. 2035 Objective SBTI 2025 Commitments Reportingand Governance * Chief Research Innovation and Sustainability Officer
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43 2025 Sustainability commitments progress Climate Action 20% of reduction in CO2 eq emissions related to our plants and transportation fleet, per ton of food produced (compared to 2015). Water Management 20% of reduction in water consumption per ton of food produced (compared to 2018). Cleaner Energy 67% of electricity used in our plants from cleaner and renewable sources. Health and Safety 22% of reduction in the accident rate at our operations (compared to 2018). Professional Development Increase by 11%, the number of training hours per employee (compared to 2018). Volunteering 10% of employees participating in volunteering activities. Sustainable Innovation Double the sales of products launched under the Health and Wellness portfolio* (compared to 2019). Food Safety 100% of our plants with GFSI-endorsed certification (acquired as of 2018). Nutritional Information For markets without a local mandatory labeling regulation as of 2018: 95% of packaged products portfolio with nutritional facts on label. Responsible Sourcing 80% of purchases from suppliers with enhanced sustainability practices. Food Donations Donate 25,000 tons of food (since 2015). ENVIRONMENT HEALTH AND NUTRITION SHARED VALUE WEELBEING ACTION PILLARS COM MITMENTS 2025 GOAL & KPIS 2025 GOAL VS. 2024 RESULTS 95% 100% 98% 87% 71% 100% 100% 100% 100% 54% 97%
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SIGMA Value Chain Engagement A-F SIGMA Water A-F SIGMA Climate A-F SIGMA Risk management score SIGMA CSA 0-100 Sigma Foods CSA 0-100 Sigma Foods MSCI Above Industry Avg. Current B* B B 49.6 43* 41 BB Industry average 25’ C C C 40.2 24 25 BBB *In review process ESG Scores 2024 B C B 59 43 37 BBB 2023 B B B 52.7 41 37 BB 2022 A- B B 42.4 35 42 BBB 2021 B- B B 42 25 35 BBB
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Appendix
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46 Pork Ham Prices in U.S. US $/Lb Pork Ham Prices in Europe Eur/Kg Pork ham price in U.S. and Europe 2.0 2.5 3.0 3.5 4.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025
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Turkey Thigh - US $/Lb Chicken (MSC) - US $/Lb Turkey (MST) - US $/Lb Turkey Breast - US $/Lb Source: USA – USDA Chicken - MSC, Some Skin, 15-20% Fat, Fresh; USA – USDA Turkey - MST, Some skin, under 20% fat, Fresh; USA – UBDA Turkey - Breast, Young Tom, Boneless & Skinless, Fresh; USA – USDA Turkey - Thigh Meat, Boneless & Skinless, Fresh Poultry raw materials in the U.S. 0.0 1.0 2.0 3.0 Jan Feb Mar May Jun Aug Sep Oct Dec 2024 2025 0.0 2.0 4.0 6.0 8.0 Jan Feb Mar May Jun Aug Sep Oct Dec 2024 2025 0.2 0.3 0.4 0.5 Jan Feb Mar May Jun Aug Sep Oct Dec 2024 2025 0.0 0.2 0.4 0.6 0.8 1.0 Jan Feb Mar May Jun Aug Sep Oct Dec 2024 2025
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Turkey Breast Eur / Kg Chicken Filet Eur / Kg Poultry raw materials in Europe 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025
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49 Nonfat Dry Milk (NFDM) - US $/Lb Milk Class III - $/cwt U.S. Dairy Raw Materials 5 10 15 20 25 30 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 1.1 1.2 1.3 1.4 1.5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025
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50 Currency Exchange Rates – Monthly Average U.S. Dollar – MXN Peso U.S. Dollar - Euro 0.90 0.95 1.00 1.05 1.10 1.15 1.20 1.25 1.30 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 14 15 16 17 18 19 20 21 22 23 24 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025
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SIGMA Cost / Expense Structure LTM COGS: • Meat and Dairy raw materials – Pork, Turkey, Chicken, Beef, Milk Class III, Block Cheddar Cheese, NFDM, etc. • Dry Ingredients – Seasonings and other non-meat or dairy raw materials • Trade Products – Product purchases distributed in the Traditional and Foodservice channels. • Packaging – Plastic Film, Labels, Capsules, Bottles , Lids , etc. • Direct Labor – Compensation directly related to food production. • Energy – Fuel, Electricity , Gas, etc. • Others –Depreciation, Maintenance, etc. SG&A: • Selling – Distribution, marketing, wages, sales commissions • Administrative – Wages, rents, utilities • General – Other minor expenses Income Statement (LTM) US $M % of Revenue Revenue 9,174 100 Cost of sales (6,443) (70) Gross profit 2,730 30 Operating expenses and others (1,919) (21) Operating income 811 9 Financial cost, net (173) (2) Income before taxes 638 7 Income tax (254) (3) Net consolidated income 384 4 51% 14% 9% 9% 8% 2% 7% Meat and Dairy Raw Materials Dry Ingredients Direct Labor Trade Products Packaging Energy (Fuel, electricity, etc) Other Costs of Goods Sold (COGS) (US $ Million) 43% 18% 10% 2% 27% Pork Turkey Chicken Beef Dairy
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4 225 14 211 58 141 62 526 267 500 372 500147 526 725 Debt Profile 4Q25 Sigma Foods Debt Maturities and Cash (US $ Million) MXN USD EUR 2026 2027 2028 2029 2030 2031 2032 2033 2034 2036 2044Cash* *Does not include restricted cash 643
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53 Dividends 100 124 196 96 48 119 20 21 22 23 24 25 Sigma Foods Dividends (US $ Million)
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54 Margin Expansion in Europe Topline Actions Efficiencies Footprint Optimization High Potential Initiatives • Snacking • Plant-based • Export opportunities • Administrative functions restructure • Rationalization of product portfolio • Sale of 2 manufacturing facilities in France • Disinvestment of operations in Italy • Signed agreement to sell majority stake in live hog processing operations • Capacity recovery post-Torrente plant flooding • Targeted Revenue Management • Grow Branded product Volume
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Appendix: Key Raw Material Price References This appendix provides a detailed explanation on how to obtain key raw material price references from public sources. This is not intended as an exhaustive list of the company´s raw materials nor is it a direct representation of the company´s actual costs. Pork • USA – USDA PM Ham, 23-27# Trmd Sel Ham • USA – USDA Pork Trimmings - 42% Trim Combo, FOB Plant Poultry • USA – USDA Chicken - MSC, Some Skin, 15-20% Fat, Fresh • USA – USDA Turkey - MST, Some skin, under 20% fat, Fresh • USA – USDA Turkey - Breast, Young Tom, Boneless & Skinless, Fresh • USA – USDA Turkey - Thigh Meat, Boneless & Skinless, Fresh Dairy • USA – USDA Milk Class III • USA – USDA Block Cheddar Cheese 40lb
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https://mymarketnews.ams.usda.gov/filerepo/reports USA – USDA PM Ham, 23-27# Trmd Sel Ham USA – USDA Pork Trimmings - 72% Trim Combo, FOB Plant USA – USDA Pork Trimmings - 42% Trim Combo, FOB Plant 1 2 3 Type in 4 5 Pop − up For 23-27# Trmd Sel Ham: Ctrl + F, type in 23 − 27 6 7 For 72% Trim Combo, FOB Plant : Ctrl + F, type in 𝑇𝑟𝑖𝑚 𝐶𝑜𝑚𝑏𝑜 For 42% Trim Combo, FOB Plant : Ctrl + F, type in 𝑇𝑟𝑖𝑚 𝐶𝑜𝑚𝑏𝑜
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USA – USDA Beef Trimmings, National, FOB Plant, Fresh 50% 1 1 2 3 4 6 5 7 11 10
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https://mymarketnews.ams.usda.gov/filerepo/reports USA – USDA Chicken - MSC, 15-20% Fat, Fresh 1 Type in 4 5 Pop − up Ctrl + F, type in MSC, 15 6 7 2 3 Type in
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https://mymarketnews.ams.usda.gov/filerepo/reports USA – USDA Turkey - MST, Some skin, under 20% fat, Fresh USA – USDA Turkey - Breast, Young Tom, Boneless & Skinless, Fresh USA – USDA Turkey - Thigh Meat, Boneless & Skinless, Fresh 1 4 5 Pop − up 6 7 Type in Type in 2 3 For MST,Some sking, under 20% fat, Fresh: Ctrl + F, type in 15 − 20 For Breast, Young Tom, Boneless & Skingless, Fresh: Ctrl + F, type in 𝐵𝑜𝑛𝑒𝑙𝑒𝑠𝑠 For Breast, Young Tom, Boneless & Skingless, Fresh: Ctrl + F, type in 𝐵𝑜𝑛𝑒𝑙𝑒𝑠𝑠
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https://mpr.datamart.ams.usda.gov/ USA – USDA Dairy - CME, Milk Class III USA – USDA Dairy - Block Cheddar Cheese 40lb 1 4 Pop − up 3 2 5 6 7 8
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61 Contact Hernán F. Lozano V.P . of Investor Relations & Corporate Communications IR@SigmaFoods.com Cesar Gomez, CFA, CAIA D.V.P . of Investor Relations IR@SigmaFoods.com Carolina Alvear V.P . of Corporate Communications Communication@SigmaFoods.com