Earnings release
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1 Monterrey, N.L., Mexico, October 27, 2026. Sigma Foods , S.A.B. de C.V. (BMV: SIGMAF A) (“Sigma Foods”), a leading multinational branded food business operating through Sigma Alimentos, S.A. de C.V. (“Sigma Alimentos”), announced today its unaudited results for the third quarter of 2026 ("3Q26"). All figures have been prepared in accordance with International Financial Reporting Standards ("IFRS"). Sigma Foods, S.A.B. de C.V. (BMV: SIGMAF A) Investor Relations ir@sigmafoods.com www.sigmafoods.com + (52) 81-8748-9000 EARNINGS REPORT Third Quarter 2026 (3Q26)
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2 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Foods reports 3Q26 EBITDA of US $303 million, driven by record Volume, Revenues, and Comparable EBITDA 3Q26 HIGHLIGHTS Sigma Foods ⚫ Record quarterly Volume (+2%), Revenues (+3%), and EBITDA (+23%) ⚫ 3Q26 Consolidated EBITDA driven by year-on-year growth in all regions ⚫ Full-year Comparable EBITDA Guidance revised up to US $1.14B (previously US $1.10B) Mexico ⚫ Record quarterly Volume (+3%), Revenues (+11%), and EBITDA (+18%) ⚫ Volume improvements across channels and categories ⚫ 3Q26 EBITDA was up 9% in local currency, supported by better price-cost alignment Europe ⚫ Quarterly Volume up 5% driven primarily by the Fresh Meats business ⚫ 3Q26 EBITDA reached its highest third-quarter since 2020, up 50% year-on-year in euros ⚫ Comprehensive capacity recovery project in Spain advancing as planned United States ⚫ 3Q26 Revenues decreased 2% year-on-year as lower Volume was partially offset by higher Average Prices and the consolidation of Roger Wood Foods ⚫ 3Q26 EBITDA increased 2% year-on-year driven by 6% higher EBITDA per ton , which includes benefits from operational efficiency initiatives Latam ⚫ Record third-quarter Volume (+1%) mainly due to higher demand in Peru and Ecuador ⚫ 3Q26 EBITDA was up 3% in U.S. dollar s and down 3% in local currenc y due to lower contributions from the Dominican Republic and Costa Rica
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3 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) SELECTED FINANCIAL INFORMATION (US $ MILLION) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Volume (k Tons) 472 463 463 2 2 1,387 1,368 1 Mexico 258 251 250 3 3 759 742 2 Europe 99 91 94 8 5 282 273 3 United States 88 92 91 (5) (4) 263 272 (3) Latam 28 27 28 2 1 83 81 2 Revenue Sigma Foods 2,493 2,435 2,422 2 3 7,300 6,810 7 Mexico 1,305 1,266 1,178 3 11 3,823 3,286 16 Europe 592 571 629 4 (6) 1,722 1,721 0 United States 420 428 429 (2) (2) 1,240 1,256 (1) Latam 170 164 157 3 8 496 464 7 Reported EBITDA1 Sigma Foods 303 296 245 2 23 858 821 5 Mexico 209 199 177 5 18 584 482 21 Europe 28 24 19 20 48 77 112 (31) United States 47 52 46 (9) 2 145 155 (6) Latam 13 15 13 (13) 3 43 38 14 Comparable EBITDA 2 Sigma Foods 299 288 250 4 20 847 717 18 Mexico 209 199 177 5 18 584 482 21 Europe 28 24 19 20 48 77 49 59 United States 47 52 46 (9) 2 145 155 (6) Latam 13 15 13 (13) 3 43 38 14 Consolidated Net Income 85 95 75 (11) 13 249 284 (12) Capex & Acquisitions 3 139 99 95 40 46 295 203 45 Net Debt4 2,737 2,910 2,709 (6) 1 2,737 2,709 1 Net Debt/EBITDA 5 2.4 2.7 2.7 2.4 2.7 Interest Coverage6 3.9 3.8 3.7 3.9 3.7 1 EBITDA = Operating Income (loss) + depreciation and amortization + impairment of assets. 2 Comparable EBITDA = Operating Income (loss) + depreciation and amortization + impairment of assets + extraordinary items. 3 Excludes divestments and Discontinued Operations (Alpek). 4 Net Debt adjusted for Discontinued Operations (excluding Alpek) at the beginning of 3Q24. 5 Times. LTM = Last 12 months. Ratio calculated with Discontinued Operations for all periods. 6 Times. LTM = Last 12 months. Interest Coverage = EBITDA/Net Financial Expenses with Discontinued Operations for all periods.
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4 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Contents Message from the CEO Consolidated Financial Results Sigma Foods (BMV: SIGMAF A) & Sigma Alimentos Tables Financial Statements
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5 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Message from the CEO “Sigma Foods maintained strong momentum in 3Q26, achieving record quarterly and year -to-date Volume, Revenues and Comparable EBITDA. Third-quarter EBITDA increased in all regions versus 3Q25. Mexico posted its strongest quarter ever, driven by Volume growth across all channels and categories. Dairy continued to benefit from strong Yogurt sales, while lower raw material costs provided Packaged Meats greater flexibility to improve Volume trends. Europe achieved its highest third -quarter EBITDA since 2020 , supported by solid growth in the Iberian Peninsula and in the Fresh Meats business. Latam also grew, posting record third-quarter volume. In the U.S., lower Volume amid a soft consumer environment was largely offset by two factors: i) operational efficiency initiatives that have generated over US $20 million in year-to-date savings and ii) the successful integration of Roger Wood Foods. As a result, 3Q26 EBITDA per ton increased 6% year -on-year, setting a solid foundation for us to capture greater value once Volume recovers. On capital allocation, we continued to strengthen operational performance through scale and to support growth in categories and regions where we see the greatest opportunities . Approximately 7 0% of the US $295 millio n in Capex invested year -to- date has been dedicated to strategic projects in every region. Following quarter -end, we paid the second US $75 million installment of our annual cash dividend. Together with the first payment, the total 2026 cash dividend amount ed to approximately US $15 0 million, up 26% versus the prior year. Dividends represent our principal means of returning capital to shareholders. Our disciplined capital allocation approach and prudent liability management are reflected in a strong financi al position, with a Net Debt-to-EBITDA ratio of 2.4x at the close of 3Q26. A solid balance sheet provides us the flexibility to keep investing in our strategy. As we approach the close of 2026, we expect full-year Comparable EBITDA to reach approximately US $1.14 billion, above our initial guidance of US $1.10 billion. Our well-diversified business model reinforces confidence in this outlook, while we continue to monitor the external environment. While our focus remains on finishing 2026 strongly, we are beginning to identify factors that could shape 2027. In the Americas, current trends point to a supportive raw material environment, particularly during the first half of the year. In the U.S., n ew initiatives to drive volume recovery and build on efficiency gains to sustain EBITDA growth. In Europe, an important milestone will be the start-up of our new facility in Valencia, which restores a key component of our manufacturing footprint. In addition, 2027 would be the first full year of operations following t he sale of a majority stake in our Fresh Meats business in Spain, an important development that supports our plans to improve profitability in the region. Protein is central to a well -balanced diet at every stage of life, and consumers are increasingly recognizing its importance. Sigma Foods is uniquely positioned to win as this recognition grows, with a portfolio of leading brands and strong innovation capabilities that deliver the protein -rich products consumers want. We are working hard to capture this opportunity as we pursue our long-term ambition of doubling the size of the business over the next decade. Last, behind every quarter of consistent execution stands a team that works as one, across regions, categories, and functions, guided by our purpose, Delicious Food for a Better Life. I want to recognize and thank each Sigma Foods member for their talent and commitment, which allows us to look ahead with confidence and a clear ambition to keep growing.” Advancing with purpose, Rodrigo Fernández
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6 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) SIGMA FOODS (BMV: SIGMAF A) Consolidated Financial Results INCOME STATEMENT (US $ MILLION) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Volume (k Tons) 472 463 463 2 2 1,387 1,368 1 Revenues 2,493 2,435 2,422 2 3 7,300 6,810 7 Gross Profit 830 790 718 5 16 2,376 2,019 18 Operating Expenses and Others (599) (569) (538) (5) (11) (1,731) (1,394) (24) Operating Income (Loss) 231 221 179 5 29 645 625 3 Financial Cost, Net (90) (69) (55) (30) (64) (213) (112) (90) Share of Losses of Associates (1) (2) 0 50 - (1) (9) 89 Income Tax (55) (55) (49) 0 (12) (182) (172) (6) Profit (Loss) from Continuing Operations 85 95 75 (11) 13 249 332 (25) Profit (Loss) from Discontinued Operations 1 0 0 0 - - 0 (47) 100 Consolidated Net Income (Loss) 85 95 75 (11) 13 249 284 (12) Controlling interest 87 94 75 (7) 16 251 271 (7) EBITDA 303 296 245 2 23 858 821 5 EBITDA/Revenues (%) 12.1 12.2 10.1 11.8 12.1 1 Includes deconsolidation adjustments and effects from Discontinued Operations. See Table 7 for Breakdown of Profit (Loss) from Discontinued Operations. Volume increased 2% year-on-year to a quarterly record of 472k tons, driven by growth in Mexico (+3%), Europe (+5%) and Latam (+1%), which offset lower Volume in the U.S. ( -4%). Accumulated 2026 Volume of 1,387k tons increased 1% year-on- year reflecting Sigma Foods’ diversified geographic footprint. Additional information is available in the “RESULTS BY REGION” section. Average Prices increased 2% year-on-year, primarily due to a stronger Mexican Peso versus the U.S. Dollar. In local currency terms, consolidated Average Prices were down 3% year-on-year as increases in the U.S. (+2%) and Latam ( +2%) were more than offset by promotional activity in Mexico (-1%), and a temporary sales mix effect in Europe (-9%) associated with the Fresh Meats business. During the first nine months of 2026, consolidated Average Prices increased 7% in U.S. dollars and decreased 1% in local currencies versus the same period last year. Revenues increased 3% year-on-year to a record US $2.493 billion, driven by higher Average Prices and Volume. Performance reflects strong growth in Mexico (+11%) and Latam (+8%), partially offset by lower Revenues in Europe (-6%) and U.S. (-2%). Accumulated Revenues totaled US $7.300 billion, up 7% year-on-year, reflecting higher Average Prices and Volume in Mexico, Europe, and Latam. Additional information is available in the “RESULTS BY REGION” section. EBITDA increased 23% year-on-year to US $303 million in 3Q26 . Comparable 3Q26 Sigma Foods EBITDA of US $299 million, increased 20% year-on-year, driven by solid growth in all regions. Accumulated EBITDA was US $858 million, up 5% year-on-year. Adjusting for Extraordinary Items, Year-to-date Comparable Sigma Foods EBITDA was 18% higher year-on-year as growth in Mexico (+21%), Europe (+59%1), and Latam (+14%) was partially offset by the U.S. ( -6%). Additional information is available in the “RESULTS BY REGION” section and “Table 2 | Extraordinary Items”. 1 Comparable EBITDA for Sigma Europe excludes insurance reimbursements related to property damages resulting from the flooding of the Torrente plant in 4Q24. Property damage insurance reimbursements resulted in an extraordinary gain of US $63 million in 2025.
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7 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Operating Income was US $ 231 million in 3Q26, up 29% year-on-year, reflecting the strong EBITDA performance described above. Accumulated Operating Income of US $6 45 million was 3% higher year-on-year reflecting a higher comparable base in 2025, which included non-recurring extraordinary gains. Financial Cost, Net (FCN) was US $90 million in 3Q26, up 64% year-on-year due primarily to foreign exchange rate fluctuations. Foreign Exchange Rate losses of US $19 million resulted from the recent depreciation of the Mexican Peso in 3Q26. This effect compares to a US $13 million gain in 3Q25. Underlying Net Financial Expenses increased 3% year-on-year. Accumulated FCN was US $ 213 million, up 90% year-on-year, driven mainly by lower foreign exchange gains in 2026. Accumulated Underlying Net Financial Expenses increased 9% year-on-year. Additional information is available in “ Table 3 | Sigma Foods – Financial Cost, Net (FCN)”. Net Income was US $85 million in 3Q26, up 13% year-on-year due to a higher Operating Income. 2026 Accumulated Net Income was US $ 249 million, compared to US $2 84 million in the same period of 2025 which benefited from non-recurring extraordinary gains.
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8 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) CHANGE IN NET DEBT (US $ MILLION) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% EBITDA 303 296 245 2 23 858 821 5 Net Working Capital 72 7 (8) - - (104) (272) 62 Capital Expenditures & Acquisitions (139) (99) (95) (40) (46) (295) (203) (45) Financial Cost, Net (70) (71) (63) 1 (11) (208) (187) (11) Taxes (47) (57) (40) 18 (18) (181) (143) (27) Dividends 0 (76) 0 100 - (76) (84) 10 Other Sources (Uses) 55 (78) (62) 171 189 (25) (169) 85 Decrease (Increase) in Net Debt 174 (78) (22) 323 - (31) (238) 87 Net Debt 2,737 2,910 2,709 (6) 1 2,737 2,709 1 Net Debt/EBITDA 2.4 2.7 2.7 2.4 2.7 Sigma Foods maintains a strong financial position with ample liquidity, supported by strong operating performance and a disciplined capital allocation approach. Net Debt totaled US $2.737 billion at the close of 3Q26, down US $174 million versus 2Q26. The Net Debt decrease primarily reflects strong EBITDA generation, a recovery in Net Working Capital , and a US $ 37 million non-cash for eign exchange conversion effect of the Peso-denominated debt recognized under “Other Sources (Uses)”. The Net Debt -to-EBITDA ratio improved to 2.4x, while Interest Coverage was 3.9x. Liquidity. Cash totaled US $627 million in 3Q26, up US $100 million, sequentially, and US $75 million year-on-year. Additionally, Sigma Foods had US $816 million in consolidated available committed credit lines at the close of 3Q26. Net Working Capital generated a US $72 million recovery during the quarter, primarily reflecting lower seasonal and strategic inventories in Mexico and Europe . Accumulated 2026 Net Working Capital investment totaled US $ 104 million, reflecting payments to suppliers related to Capex projects and raw material purchases executed at the end of 2025. Capital Expenditures & Acquisitions (Capex) were US $139 million in 3Q26, 46% higher versus 3Q25. Accumulated 2026 Capex totaled US $295 million. Approximately 70% of funds were deployed towards strategic initiatives, with the balance supporting existing operations. No Dividends were paid to Sigma Foods’ shareholders during 3Q26. Following quarter-end (October 6, 2026), Sigma Foods paid the second installment of the 2026 cash dividend approved at the Annual Shareholders Meeting.
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9 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) INDUSTRY COMMENTS Exchange Rate During the quarter the Mexican Peso strengthened against the U.S. dollar , while the Euro weakened slightly. The average exchange rate for the Mexican Peso appreciated 7% while the Euro depreciated 1% year-on-year. Currencies in Sigma’s Latin American markets (excluding Mexico) experienced a net appreciation of approximately 5% year-on-year versus the U.S. dollar. 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Mexico – MXN/USD Avg 17.25 17.41 18.65 (1) (7) 17.40 19.54 (11) Mexico – MXN/USD EOP 17.84 17.47 18.38 2 (3) 17.46 19.43 (10) Europe – USD/EUR Avg 1.15 1.16 1.17 (1) (1) 1.16 1.12 4 Europe – USD/EUR EOP 1.14 1.14 1.17 (1) (3) 1.16 1.12 4 Dominican Rep. – DOP/USD Avg 58.34 58.95 61.55 (1) (5) 59.67 61.18 (2) Dominican Rep. – DOP/USD EOP 59.63 59.32 62.55 1 (5) 59.67 61.28 (3) Peru – PEN/USD Avg 3.37 3.44 3.53 (2) (5) 3.40 3.63 (6) Peru – PEN/USD EOP 3.43 3.41 3.47 1 (1) 3.61 3.61 0 Costa Rica – CRC/USD Avg 448.21 453.26 503.94 (1) (11) 461.75 505.91 (9) Costa Rica – CRC/USD EOP 453.98 454.95 505.01 0 (10) 460.82 505.64 (9) Revenues from Costa Rica, the Dominican Republic, Peru, and Ecuador represented more than 80% of Latam Revenues. Ecuador is a dollarized economy. Raw Materials Pork In the United States, pork ham prices declined 2 1% year-on-year but increased 4% sequ entially. Lower year-on-year prices reflected softer domestic demand and elevated industry inventories . In August, pork ham stocks in cold storage were 26% above the prior year , despite decreasing second-half pork production. Pork trimmings prices also declined, with 42 and 72 percent lean trimmings down 34% and 29% year-on-year, respectively. In Europe, pork ham prices declined 18% year-on-year and 8% sequentially. Lower prices continued to reflect the additional supply of pork available within the E uropean Union following certain export restrictions on Span ish pork pr oducts outside Europe amid noncommercial ASF case discoveries in late 2025. As a reference, this situation has resulted in Spain plac ing approximately 10% more pork into the European Union market since November 2025. Poultry In the United States, average 3Q26 turkey breast prices declined 4 3% year -on-year and 3 5% sequentially amid higher availability. Heavier bird weights drove production above prior-year levels despite reduced slaughter volumes throughout 3Q26, while end-of-August breast meat inventory in cold storage was 12% above the prior year. Average 3Q26 turkey thigh prices declined 4 9% year-on-year and 47% quarter-on-quarter, reflecting ample dark meat supply and softer demand following the record price environment experienced throughout 2025. 3Q26 chicken prices in the U.S. decreased 19% year-on-year and 8% sequentially, reflecting ample supply following strong first- half production. During 3Q26, production growth moderated as lower market prices and rising feed costs likely narrowed producer margins.
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10 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Turkey breast prices in Europe declined 3% year-on-year and 3% quarter-on-quarter, reflecting softer demand despite year-to- date supply from the main producing countries remaining 4% below 2025. In Europe, Poland chicken breast prices declined 13% year-on-year and remained flat quarter -on-quarter, as record supply across the main producing countries and lower turkey prices weighed on the market. Milk In the United States, Class III milk prices declined 8% year -on-year and 4% sequentially, as milk supply remained ample , supported by continued production growth a mid a larger dairy cow herd and stable yields. August milk production increased for the eighteenth consecutive month.
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11 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) RESULTS BY REGION During 3Q26, slightly more than half of Consolidated Revenues were generated in Mexico (52%), with the remainder generated in Europe (24%), the U.S. (17%), and Latam (7%). The analysis below presents performance by region in local currency, unless stated otherwise. Mexico 3Q26 Peso-denominated Revenues in Mexico increased 3% year-on-year, reflecting Volume growth across channels. From a category perspective, Dairy remained the strongest contributor to growth driven primarily by Yogurt. Mexico delivered record quarterly EBITDA in 3Q26 , up 9% year -on-year, supported by strong execution and a gradual improvement in raw material costs. Accumulated 2026 Revenues in local currency increased 4% year-on-year, reflecting higher Volume and Average Prices. Volume increased 2%, supported by growth in Retail channels and continued strength in the Dairy category. Accumulated 2026 EBITDA increased 8% versus the prior-year period, reflecting strong execution and a more favorable raw material cost environment. Europe Euro-denominated 3Q26 Revenues decreased 5% year-on-year, primarily reflecting lower Average Prices, associated with a temporary sales mix effect from the Fresh Meats business amid lower live hog prices. However, favorable raw material prices contributed to higher profitability. Quarterly EBITDA, in Euros, was €25 million, up 50% versus 3Q25, boosted by growth in the Iberian Peninsula (Spain and Portugal) and a higher contribution from the Fresh Meats business. Accumulated 2026 Revenues decreased 4% year-on-year due to lower Average Prices reflecting the temporary sales mix effect mentioned above . Accumulated Comparable EBITDA increased 56% year-on-year, driven by a higher contribution from the Fresh Meats business and a successful operational recovery following the late-2024 Torrente plant flooding. Sigma Europe’s Capacity Recovery Plan continued progressing with bacon production lines at La Bureba now operating at stable levels. In addition, the construction of the greenfield plant in Valencia is advancing as planned and expected to begin operations mid-2027. United States 3Q26 Revenues were down 2% year-on-year, as lower Volume amid a soft consumer environment was partially offset by higher Average Prices and the consolidation of Roger Wood Foods ( “RWF”) starting in May 2026. On an Organic basis, Sigma U.S. Revenues decreased 5%. Despite lower Volume, 3Q26 EBITDA increased 2% year-on-year, including the consolidation of RWF. On an Organic basis, Sigma U.S. EBITDA was flat year-on-year as productivity initiatives and improving raw material costs offset Volume declines. Accumulated 2026 Revenues decreased 1% year -on-year, as lower Volume amid a soft consumer environment was partially offset by higher Average Prices and the consolidation of RWF. On an Organic basis, accumulated 2026 Sigma U.S. Revenues decreased 3% year -on-year reflecting lower Volume. Accumulated 2026 Total and Organic EBITDA were 6% and 7 % lower versus the prior year, respectively, as operational efficiency initiatives that have generated over US $20 million in savings and improving raw material costs partially offset lower Volume.
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12 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Latam Revenues in local currency increased by 3% year-on-year, driven by higher Average Prices and record third-quarter Volume. Strong demand in Peru and Ecuador was partially offset by lower Volume in the Dominican Republic and Costa Rica. A lower contribution from the Dominican Republic and Costa Rica impacted 3Q26 EBITDA in local currency, which was 3% lower year- on-year. Accumulated Revenues in local currencies increased 3% year-on-year, primarily driven by Volume growth in Peru and Central America. Accumulated 2026 EBITDA in local currencies increased 8% versus the prior year, reflecting improved price-cost alignment and continued operational efficiencies.
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13 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) RECENT DEVELOPMENTS Brand Equity Mexico ⚫ Yoplait® was recognized as a finalist for the “Brand development efficiency platform” for food by the Effie Awards Latin America 2026 ⚫ Sigma Foodservice was recognized with the “Marketer of the Year – International Distributor” award in the annual Certified Angus Beef® - Beef Bash 2026 ⚫ NocheBuena® was shortlisted at the Pentawards 2026 for the packaging design of its 2025 Reserva Especial, in the Food / Gourmet Foods category. More than 2,000 projects across 66 countries participated. Europe ⚫ Campofrío® and Campofrío Frescos® have been recognized as a “Preferred Partner” by LIDL, reflecting a relationship built on trust, collaboration, and consistent execution ⚫ The Mad Butcher® Salami Bites (United Kingdom) received the highest distinction granted by the Great Taste Awards, the 3-Star Great Taste Award US ⚫ La Chona® Chipotle Cream won 1st place in the World Dairy Expo Championship - Dairy Product Contest for Southwest Sour Cream Based Dips Latam ⚫ FUD® was awarded Gold in “Food” and Silver in “Current Marketing”, among other recognitions at the 2026 Effie Awards Costa Rica Dividends ⚫ Paid second dividend installment of approximately US $75 million (US $0.0135 per share) on October 6, 2026 ⚫ Total dividend of approximately US $150 million distributed in 2026, represented a 26% increase compared to 2025 Growth Business Unit ⚫ ® was recognized with the “Marketer of the Year – International Retailer Specialty Store” award in the Certified Angus Beef® - Beef Bash 2026 ⚫ Successfully launched the 7th edition of ®, strengthening Sigma’s innovation pipeline by connecting with emerging technologies and startups in Health Through Foods, Responsible Protein, and Operational Excellence to drive future value creation. ⚫ Continued scaling disruptive businesses to unlock new long-term growth platforms. Key year-to-date milestones include: – Snacking platform revenue increased +47% year-on-year – Direct-to-consumer initiatives increased sales by +41% year-on-year
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14 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Credit Ratings ‘BBB’; Outlook Stable ‘BBB’; Outlook Stable ‘Baa3’; Outlook Stable ‘AAA(mex)’; Outlook Stable n.a. ‘AAA.mx’; Outlook Stable ⚫ Moody´s Local Mexico: – Affirmed Sigma Alimentos’ ‘AAA.mx’ rating; Outlook Stable (Aug 28) Sustainability ⚫ Received ISO 50001 Energy Management System Certificate in Alajuela facility (Latam) ⚫ Implemented the first biomass plant in Europ e as means to substitute 85% of gas requirements and reduce CO2 emissions by 4,850 tons per year, at our Rio Maior site NAFINSA Trust (“NT”) ⚫ Foreign investors held 2, 065,802,612 Sigma Foods shares, based on figures provided by Nacional Financiera, S.N.C. at the end of the quarter ⚫ Equivalent to 37.19% of Sigma Foods’ shares outstanding ⚫ The maximum authorized NT threshold is 75% of the representative shares of Sigma Foods’s capital stock Share Buyback Program ⚫ No shares repurchased during 3Q26 ⚫ 4,076,000 shares held in treasury at the end of the quarter Guidance Update Comparable EBITDA: ⚫ New Guidance: US $1.14 billion ⚫ Original Guidance: US $1.10 billion
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15 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) 3Q26 EARNINGS CALL INFORMATION Date: Wednesday, October 28, 2026 Time: 11:00 a.m. EDT (NY) / 9:00 a.m. CST (CDMX) Registration: Webinar Registration - Zoom Replay: https://www.sigmafoods.com/en/events/ About Sigma Foods Sigma Foods, S.A.B. de C.V . (“Sigma Foods”) is a leading multinational consumer packaged goods company that produces, markets, and distr ibutes high-quality foods through a portfolio of over 100 brands, 16 of which generate Revenues above US $100 million annually, each. The company's main categories include co oked meats, dry meats, cheese, and yogurt. Sigma Foods operates in 17 countries, divided into four regions: Mexico, Europe, the United States, and Latam, where it serves approximately 640,000 points of sale in 3 channels: Traditional, Modern, and Foodservice. The company has over 4 8,000 teammates and installed capacity in each region, including: 66 production plants, 191 distribution centers, and more than 8,000 vehicles. Sigma Foods shares are traded on the Mexican Stock Exchange and Latibex, the Latin American stock market of the Madrid Stock Exchange. Disclaimer This document 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 condit ions and fu ture 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 document. You should not place undue reliance on forward-looking information. All forward-looking information is made as of the date of this document, 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.
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16 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Tables Table 1 | Comparable EBITDA (US $ Million) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Sigma Foods 299 288 250 4 20 847 717 18 Sigma Alimentos 298 289 255 3 17 849 723 17 Sigma Foods Comp. EBITDA/Ton ($) 633 623 540 2 17 611 524 17 Sigma Foods Comp. EBITDA/Revenues (%) 12.0 11.8 10.3 11.6 10.5 Table 2 | Extraordinary Items (US $ Million) Extraordinary item 3Q26 2Q26 3Q25 2026 2025 Sigma Alimentos Net Torrente Effect (Spain) 0 0 0 0 63 Write-offs and non-recurring items 3 8 (5) 11 45 Discontinued operation accounting (Alpek) 0 0 0 0 (4) Sigma Foods Total Effect Reflected on Reported EBITDA 3 8 (5) 11 104 Energy & Others Table 3 | Sigma Foods – Financial Cost, Net (FCN) (US $ Million) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Financial Expenses (77) (82) (75) 6 (3) (235) (217) (8) Financial Income 7 7 6 0 17 20 19 5 Net Financial Expenses (71) (76) (69) 7 (3) (216) (198) (9) Exchange Rate Gains (Losses) and others (19) 6 13 (417) (246) 3 86 (97) Financial Cost, Net (90) (69) (55) (30) (64) (213) (112) (90) Table 4 | Sigma Foods – Net Debt (US $ Million) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Financial obligations marked as debt 1 3,350 3,423 3,249 (2) 3 3,350 3,249 3 Cash and cash equivalents (627) (528) (552) (19) (14) (627) (552) (14) Other, net2 15 15 12 0 25 15 12 25 Net Debt 2,737 2,910 2,709 (6) 1 2,737 2,709 1 1 Financial obligations marked as debt = Current debt + Non -current debt + Notes payable and leases under current liabilities + Notes payable and leases under non-current liabilities. These line items include accrued interest payable. 2 Other, net includes restricted cash as well as other items reflected in Other current and non -current liabilities and/or Debt that are excluded from calculations.
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17 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Table 5 | Revenues and EBITDA in Local Currency Revenues 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Mexico (Ps. $ Million) 22,518 22,029 21,958 2 3 66,531 64,032 4 Europe (€ Million) 514 492 539 5 (5) 1,484 1,538 (4) United States (US $ Million) 420 428 429 (2) (2) 1,240 1,256 (1) Latam (US $ Million Eq 1) 162 158 157 2 3 477 464 3 EBITDA Mexico (Ps. $ Million) 3,605 3,463 3,293 4 9 10,170 9,397 8 Europe (€ Million) 25 20 16 21 50 66 98 (32) United States (US $ Million) 47 52 46 (9) 2 145 155 (6) Latam (US $ Million Eq 1) 13 14 13 (13) (3) 41 38 8 1 US $ Million equivalent: 3Q26 and 2Q26 results converted into US Dollars at the 3Q25 exchange rate.
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18 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Overview of Sigma Alimentos Financial Results INCOME STATEMENT (US $ MILLION) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Volume (k Tons) 472 463 463 2 2 1,387 1,368 1 Revenues 2,487 2,428 2,393 2 4 7,281 6,727 8 Gross Profit 828 787 707 5 17 2,368 1,988 19 Operating Income (Loss) 227 217 190 5 19 640 596 7 Consolidated Net Income (Loss) 103 87 94 18 10 290 288 1 EBITDA 298 289 255 3 17 849 786 8 EBITDA/Revenues (%) 12.0 11.9 10.6 11.7 11.7 Revenues increased 4% year-on-year to a record of US $2.487 billion, driven by higher Average Prices and Volume. Performance reflects strong growth in Mexico (+11%) and Latam (+8%), partially offset by lower Revenues in Europe (-6%) and the U.S. (-2%). Accumulated Revenues of US $ 7.281 billion were 8% higher year -on-year, primarily reflecting higher Average Prices and Volume in Mexico and Latam. Additional information is available in the “RESULTS BY REGION” section. EBITDA was US $298 million in 3Q26, up 17% year-on-year, driven by growth in all regions. Accumulated 2026 EBITDA reached US $849 million and was up 8% year-on-year. Adjusting for extraordinary items, Year-to-date Comparable Sigma Alimentos EBITDA was 17% higher year-on-year, reflecting growth in Mexico (+21%), Europe (+59% 2), and Latam (+14%), partiall y offset by the U.S. (-6%). See section “RESULTS BY REGION”. Net Income was US $103 million in 3Q26, up 10% year-on-year due to higher Operating Income. Accumulated 2026 Net Income was US $290 million, compared to US $288 million in the same period of 2025 which benefited from insurance reimbursements associated with property damages of the Torrente plant flood ing. Quarterly and accumulated 2026 Comparable EBITDA reflected significant improvement in underlying profitability. CHANGE IN NET DEBT (US $ MILLION) 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% EBITDA 298 289 255 3 17 849 786 8 Net Working Capital 71 14 (3) 417 - (102) (244) 58 Capital Expenditures & Acquisitions (138) (98) (95) (41) (47) (293) (202) (45) Financial Cost, Net (57) (59) (48) 3 (20) (168) (148) (14) Taxes (47) (56) (39) 17 (19) (178) (133) (34) Dividends to Sigma Foods 0 (140) 0 100 - (140) (102) (37) Other Sources (Uses) 53 (33) (75) 259 170 (17) (198) 92 Decrease (Increase) in Net Debt 179 (83) (5) 315 - (49) (240) 79 Net Debt 2,109 2,288 2,061 (8) 2 2,109 2,061 2 Net Debt at the close of 3Q26 was US $2.109 billion, down US $179 million versus 2Q26. The decrease was mainly driven by a solid EBITDA generation , a Net Working Capital recovery, and a non -cash foreign exchange conversion effect of the Peso- denominated debt, recognized under “Other Sources (Uses)”. 2 Comparable EBITDA for Sigma Europe excludes insurance reimbursements associated to property damages of the Torrente plant flooded in 4Q24. Property damage insurance reimbursements resulted in an extraordinary gain of US $63 million in 2025.
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19 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Liquidity. Cash totaled US $586 million in 3Q26, up US $116 million sequentially and US $108 million year-on-year. Committed, available credit lines for the Company, at the end of 3Q26, amounted to US $816 million. Net Working Capital represented a recovery of US $71 million in 3Q26. The year-to-date Net Working Capital investment of US $102 million reflects payments to suppliers related to Capex projects and raw material purchases executed at the end of 2025. Capex totaled US $138 million in 3Q26, 47% higher versus 3Q25. Accumulated 2026 Capex amounted to US $293 million.
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20 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Notes on changes to Consolidated Financial Statements On October 24, 2024, Shareholders approved the spin-off of the Company’s share ownership in Alpek into a newly listed entity, “Controladora Alpek” . As a result, Alpek met the definition of a Discontinued Operation for purposes of the Company ’s Consolidated Financial Statements in accordance with IFRS until Controladora Alpek shares were distributed to shareholders on April 4, 2025. The changes in the Company’s Consolidated Financial Statement s 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” and “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: − 3Q26: no figures presented related to Alpek − 2Q26: no figures presented related to Alpek − 3Q25: no figures presented related to Alpek − 2026: no figures presented related to Alpek − 2025: accumulated figures for the three months and three days ended April 3, 2025 ⚫ No figures presented related to Alpek on the Change in Net Debt in the periods presented in this report. ⚫ 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. Table 7 | Income Statement Discontinued Operations – ALPEK (US $ Million) 3Q26 2Q26 3Q25 2026 2025 Revenues 0 0 0 0 1,771 Gross Profit 0 0 0 0 198 Operating Expenses and Others 0 0 0 0 (69) EBITDA 0 0 0 0 136 Operating Income (Loss) 0 0 0 0 257 Financial Cost, Net 0 0 0 0 (37) Income Tax 0 0 0 0 (4) Net Profit (Loss) 0 0 0 0 87
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21 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Foods, S.A.B. de C.V. and Subsidiaries BALANCE SHEET Information in millions of Nominal U.S. Dollars 3Q26 2Q26 3Q25 (%)QoQ (%)YoY CURRENT ASSETS: Cash and cash equivalents 627 528 552 19 14 Customers, net 515 515 519 0 (1) Other accounts and notes receivable 430 447 448 (4) (4) Inventories 1,106 1,180 1,174 (6) (6) Assets classified as held for disposal 55 54 0 2 - Other current assets 60 87 45 (30) 35 Total current assets 2,794 2,811 2,738 (1) 2 NON-CURRENT ASSETS: Property, plant, and equipment, net 2,145 2,096 2,020 2 6 Goodwill and intangible assets, net 1,710 1,701 1,671 0 2 Deferred income tax 180 181 198 (1) (9) Investments in associates and other non- current assets 17 17 16 (1) 5 Total non-current assets 4,052 3,996 3,905 1 4 Total assets 6,846 6,806 6,643 1 3 CURRENT LIABILITIES: Current debt 30 57 29 (48) 2 Notes payable and leases 40 37 41 8 (3) Suppliers 1,309 1,372 1,436 (5) (9) Liabilities classified as held for disposal 29 29 0 3 - Other current liabilities 671 631 676 6 (1) Total current liabilities 2,079 2,126 2,182 (2) (5) NON-CURRENT LIABILITIES: Non-current debt 3,061 3,106 3,001 (1) 2 Notes payable and leases 219 223 177 (1) 24 Deferred income taxes 210 213 225 (1) (7) Employees benefits 241 240 203 0 19 Other non-current liabilities 9 5 34 105 (72) Total non-current liabilities 3,741 3,787 3,640 (1) 3 Total liabilities 5,820 5,913 5,822 (2) 0 STOCKHOLDERS' EQUITY: Total controlling interest: 1,003 883 810 14 24 Total non-controlling interest: 23 11 11 114 112 Total stockholders' equity 1,026 894 821 15 25 Total liabilities and stockholders' equity 6,846 6,806 6,643 1 3 ASSETS LIABILITIES AND STOCKHOLDER'S EQUITY
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22 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Foods, S.A.B. de C.V. and Subsidiaries BALANCE SHEET Information in millions of Nominal Mexican Pesos 3Q26 2Q26 3Q25 (%)QoQ (%)YoY CURRENT ASSETS: Cash and cash equivalents 11,195 9,221 10,149 21 10 Customers, net 9,183 8,993 9,547 2 (4) Other accounts and notes receivable 7,679 7,816 8,233 (2) (7) Inventories 19,741 20,619 21,588 (4) (9) Assets classified as held for disposal 976 937 0 4 - Other current assets 1,078 1,517 822 (29) 31 Total current assets 49,852 49,103 50,339 2 (1) NON-CURRENT ASSETS: Property, plant, and equipment, net 38,272 36,614 37,124 5 3 Goodwill and intangible assets, net 30,504 29,723 30,722 3 (1) Deferred income tax 3,209 3,163 3,635 1 (12) Investments in associates and other non- current assets 306 302 299 1 2 Total non-current assets 72,291 69,802 71,780 4 1 Total assets 122,143 118,905 122,119 3 0 CURRENT LIABILITIES: Current debt 527 996 533 (47) (1) Notes payable and leases 716 651 760 10 (6) Suppliers 23,352 23,961 26,403 (3) (12) Liabilities classified as held for disposal 524 500 0 5 - Other current liabilities 11,969 11,029 12,419 9 (4) Total current liabilities 37,088 37,137 40,115 0 (8) NON-CURRENT LIABILITIES: Non-current debt 54,607 54,268 55,170 1 (1) Notes payable and leases 3,915 3,890 3,260 1 20 Deferred income taxes 3,751 3,726 4,138 1 (9) Employees benefits 4,301 4,193 3,725 3 15 Other non-current liabilities 168 80 622 110 (73) Total non-current liabilities 66,742 66,157 66,915 1 0 Total liabilities 103,830 103,294 107,030 1 (3) STOCKHOLDERS' EQUITY: Total controlling interest: 17,897 15,421 14,887 16 20 Total non-controlling interest: 416 190 202 119 106 Total stockholders' equity 18,313 15,611 15,089 17 21 Total liabilities and stockholders' equity 122,143 118,905 122,119 3 0 ASSETS LIABILITIES AND STOCKHOLDER'S EQUITY
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23 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Foods, S.A.B. de C.V. and Subsidiaries INCOME STATEMENT Information in millions of Nominal U.S. Dollars 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Revenues 2,493 2,435 2,422 2 3 7,300 6,810 7 Cost of sales (1,663) (1,645) (1,705) (1) 2 (4,924) (4,792) (3) Gross profit 830 790 718 5 16 2,376 2,019 18 Operating expenses (612) (584) (537) (5) (14) (1,771) (1,517) (17) Others 14 15 (1) (10) - 40 123 (68) Operating income (loss) 231 221 179 4 29 645 625 3 Financial income 7 7 6 2 11 20 19 4 Financial expenses (77) (82) (75) 6 (4) (235) (217) (8) Exchange rate gains (losses) and others (19) 6 13 (403) (245) 3 86 (97) Equity in income (loss) of associates (1) (2) 0 57 (283) (1) (9) 91 Income before tax 140 150 125 (7) 13 431 503 (14) Income tax (55) (55) (49) 0 (12) (182) (172) (6) Profit (Loss) from continuing operations 85 95 75 (11) 13 249 332 (25) Profit (Loss) from discontinued operations 0 0 0 - - 0 (47) 100 Net consolidated income 85 95 75 (11) 13 249 284 (12) Non-controlling interest (2) 1 0 (300) - (2) 13 (115) Controlling interest 87 94 75 (7) 16 251 271 (7) Sigma Foods, S.A.B. de C.V. and Subsidiaries INCOME STATEMENT Information in millions of Nominal Mexican Pesos 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Revenues 43,015 42,376 45,167 2 (5) 127,045 132,753 (4) Cost of sales (28,697) (28,623) (31,784) 0 10 (85,697) (93,398) 8 Gross profit 14,318 13,753 13,383 4 7 41,348 39,354 5 Operating expenses (10,564) (10,166) (10,014) (4) (5) (30,819) (29,579) (4) Others 238 267 (25) (11) - 692 2,428 (72) Operating income (loss) 3,992 3,855 3,344 4 19 11,221 12,204 (8) Financial income 117 116 114 1 3 341 370 (8) Financial expenses (1,336) (1,433) (1,392) 7 4 (4,096) (4,240) 3 Exchange rate gains (losses) and others (336) 113 249 (398) (235) 60 1,670 (96) Equity in income (loss) of associates (14) (34) 9 58 (266) (12) (182) 93 Income before tax 2,423 2,616 2,323 (7) 4 7,515 9,822 (23) Income tax (958) (962) (920) 0 (4) (3,173) (3,338) 5 Profit (Loss) from continuing operations 1,465 1,655 1,403 (11) 4 4,342 6,484 (33) Profit (Loss) from discontinued operations 0 0 0 - - 0 (922) 100 Net consolidated income 1,465 1,655 1,403 (11) 4 4,342 5,562 (22) Non-controlling interest (39) 21 6 (286) - (21) 280 (108) Controlling interest 1,504 1,634 1,397 (8) 8 4,363 5,282 (17)
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24 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Foods, S.A.B. de C.V. and Subsidiaries CASH FLOW STATEMENT Information in millions of Nominal U.S. Dollars 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Profit (Loss) before income tax 140 150 125 (7) 12 431 503 (14) Depreciation and amortization 69 68 64 2 8 201 187 8 Impairment of fixed assets and intangible assets 2 7 2 (65) 7 12 14 (13) Gain on sale of property, plant, and equipment (1) (8) (1) 83 (39) (10) (59) 84 Financial cost, net 67 69 60 (3) 12 198 179 11 Foreign exchange, net 19 (7) (22) 390 187 (3) (95) 97 (Increase) Decrease in customers and other accounts receivable 27 (2) (166) - 116 48 (271) 118 (Increase) Decrease in inventories 59 (21) (25) 386 335 10 (159) 106 Increase (Decrease) in suppliers and other accounts payable (14) 31 184 (145) (108) (163) 155 (205) Income tax paid (47) (57) (40) 16 (19) (181) (143) (26) Other operating costs and expenses 15 11 21 43 (29) 32 57 (44) Discontinued operations 0 0 0 - - 0 5 (100) Cash flows from operating activities 336 242 202 39 67 577 372 55 Business sales & acquisitions, net of cash acquired 15 (24) 0 165 - 8 1 - Interest received 4 3 3 13 20 10 10 1 Acquisition of intangible assets (10) (13) (5) 26 (105) (31) (17) (82) Sale and acquisition of property, plant, and equipment (129) (59) (91) (119) (42) (236) (130) (81) Restricted cash and other assets 0 3 (8) (96) 102 3 (16) 122 Cash flows from investing activities (120) (89) (100) (34) (19) (246) (153) (61) Proceeds (Payments) of loans and debt (2) (8) (25) 80 93 32 8 308 Financial leases (15) (14) (13) (12) (17) (40) (39) (5) Derivative financial instruments 2 2 1 31 229 (24) 2 - Interest paid (94) (40) (77) (134) (22) (218) (196) (11) Dividends paid to owners 0 (76) 0 100 30 (76) (84) 10 Other equity transactions 0 (5) 0 89 (54) (5) (2) (160) Cash flows from financing activities (110) (141) (115) 22 5 (332) (311) (7) Net increase (decrease) in cash and cash equivalents 107 12 (13) - - (1) (92) 99 Exchange gains (losses) in cash and cash equivalents (8) 5 4 (263) (275) (15) 20 (175) Cash and cash equivalents at the beginning of the period 528 512 562 3 (6) 643 620 4 Cash and cash equivalents at the end of the period 627 528 552 19 14 627 548 15
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25 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Foods, S.A.B. de C.V. and Subsidiaries CASH FLOW STATEMENT Information in millions of Nominal Mexican Pesos 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Profit (Loss) before income tax 2,423 2,616 2,323 (7) 4 7,515 9,822 (23) Depreciation and amortization 1,185 1,177 1,190 1 0 3,505 3,560 (2) Impairment of fixed assets and intangible assets 42 121 42 (65) 0 208 265 (22) Gain on sale of property, plant, and equipment (23) (136) (18) 83 (28) (166) (1,186) 86 Financial cost, net 1,156 1,203 1,119 (4) 3 3,453 3,484 (1) Foreign exchange, net 334 (117) (414) 385 181 (67) (1,835) 96 (Increase) Decrease in customers and other accounts receivable 444 (53) (3,115) - 114 838 (5,403) 116 (Increase) Decrease in inventories 1,014 (359) (464) 382 319 151 (3,132) 105 Increase (Decrease) in suppliers and other accounts payable (298) 513 3,376 (158) (109) (2,960) 2,475 (220) Income tax paid (818) (989) (744) 17 (10) (3,156) (2,814) (12) Other operating costs and expenses 259 182 249 42 4 553 923 (40) Discontinued operations 0 0 0 - - 0 87 (100) Cash flows from operating activities 5,719 4,160 3,545 37 61 9,873 6,245 58 Business sales & acquisitions, net of cash 263 (415) 5 163 - 144 11 - Interest received 63 56 57 11 11 175 195 (10) Acquisition of intangible assets (169) (229) (91) 26 (86) (548) (340) (61) Sale and acquisition of property, plant, and equipment (2,216) (1,023) (1,687) (117) (31) (4,096) (2,460) (67) Restricted cash and other assets 2 57 (2) (96) 233 60 (27) 320 Cash flows from investing activities (2,056) (1,553) (1,717) (32) (20) (4,266) (2,621) (63) Proceeds (Payments) of loans and debt (13) (132) (463) 90 97 311 347 (10) Financial leases (264) (237) (243) (11) (9) (704) (755) 7 Derivative financial instruments 36 28 12 30 204 (435) 33 - Interest paid (1,619) (698) (1,433) (132) (13) (3,789) (3,803) 0 Dividends paid to owners 0 (1,333) 0 100 36 (1,334) (1,693) 21 Other equity transactions (8) (80) (6) 89 (43) (89) (39) (125) Cash flows from financing activities (1,869) (2,453) (2,133) 24 12 (6,039) (5,910) (2) Net increase (decrease) in cash and cash equivalents 1,794 154 (304) - - (432) (2,286) 81 Exchange gains (losses) in cash and cash equivalents 180 (177) (156) 202 215 71 21 245 Cash and cash equivalents at the beginning of the period 9,221 9,244 10,609 0 (13) 11,557 12,570 (8) Cash and cash equivalents at the end of the period 11,195 9,221 10,149 21 10 11,195 10,305 9
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26 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Alimentos, S.A. de C.V. and Subsidiaries BALANCE SHEET Information in millions of Nominal U.S. Dollars 3Q26 2Q26 3Q25 (%)QoQ (%)YoY CURRENT ASSETS: Cash and cash equivalents 586 470 478 25 23 Customers, net 515 519 505 (1) 2 Other accounts and notes receivable 334 346 336 (4) 0 Inventories 1,106 1,180 1,155 (6) (4) Assets classified as held for disposal 55 54 0 2 - Other current assets 59 85 40 (31) 47 Total current assets 2,656 2,654 2,514 0 6 NON-CURRENT ASSETS: Property, plant, and equipment, net 2,031 1,979 1,868 3 9 Goodwill and intangible assets, net 1,694 1,686 1,649 0 3 Deferred income tax 134 135 152 (1) (12) Investments in associates and other non- current assets 31 33 36 (8) (16) Total non-current assets 3,890 3,833 3,705 1 5 Total assets 6,545 6,487 6,219 1 5 CURRENT LIABILITIES: Current debt 27 46 23 (41) 15 Notes payable and leases 47 44 38 7 25 Suppliers 1,284 1,345 1,399 (5) (8) Liabilities classified as held for disposal 29 29 0 3 - Other current liabilities 508 465 488 9 4 Total current liabilities 1,895 1,928 1,947 (2) (3) NON-CURRENT LIABILITIES: Non-current debt 2,403 2,445 2,294 (2) 5 Notes payable and leases 213 217 181 (2) 18 Deferred income taxes 206 210 198 (2) 4 Employees benefits 178 180 149 (1) 20 Other non-current liabilities 16 11 40 45 (60) Total non-current liabilities 3,018 3,064 2,863 (2) 5 Total liabilities 4,912 4,992 4,810 (2) 2 STOCKHOLDERS' EQUITY: Total controlling interest: 1,558 1,435 1,363 9 14 Total non-controlling interest: 75 60 46 25 62 Total stockholders' equity 1,633 1,495 1,409 9 16 Total liabilities and stockholders' equity 6,545 6,487 6,219 1 5 ASSETS LIABILITIES AND STOCKHOLDER'S EQUITY
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27 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Alimentos, S.A. de C.V. and Subsidiaries BALANCE SHEET Information in millions of Nominal Mexican Pesos 3Q26 2Q26 3Q25 (%)QoQ (%)YoY CURRENT ASSETS: Cash and cash equivalents 10,457 8,210 8,788 27 19 Customers, net 9,196 9,067 9,281 1 (1) Other accounts and notes receivable 5,963 6,052 6,168 (1) (3) Inventories 19,739 20,617 21,239 (4) (7) Assets classified as held for disposal 976 937 0 4 - Other current assets 1,046 1,482 732 (29) 43 Total current assets 47,378 46,366 46,208 2 3 NON-CURRENT ASSETS: Property, plant, and equipment, net 36,243 34,575 34,340 5 6 Goodwill and intangible assets, net 30,221 29,454 30,322 3 0 Deferred income tax 2,388 2,356 2,785 1 (14) Investments in associates and other non-current assets 547 580 669 (6) (18) Total non-current assets 69,399 66,965 68,116 4 2 Total assets 116,776 113,330 114,325 3 2 CURRENT LIABILITIES: Current debt 478 797 429 (40) 11 Notes payable and leases 839 766 691 9 21 Suppliers 22,899 23,495 25,717 (3) (11) Liabilities classified as held for disposal 524 500 0 5 - Other current liabilities 9,062 8,123 8,962 12 1 Total current liabilities 33,802 33,681 35,799 0 (6) NON-CURRENT LIABILITIES: Non-current debt 42,878 42,723 42,165 0 2 Notes payable and leases 3,806 3,799 3,327 0 14 Deferred income taxes 3,683 3,666 3,647 0 1 Employees benefits 3,179 3,142 2,737 1 16 Other non-current liabilities 290 196 743 48 (61) Total non-current liabilities 53,836 53,526 52,620 1 2 Total liabilities 87,638 87,206 88,419 0 (1) STOCKHOLDERS' EQUITY: Total controlling interest: 27,796 25,075 25,053 11 11 Total non-controlling interest: 1,343 1,050 852 28 58 Total stockholders' equity 29,138 26,124 25,905 12 12 Total liabilities and stockholders' equity 116,776 113,330 114,325 3 2 ASSETS LIABILITIES AND STOCKHOLDER'S EQUITY
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28 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Alimentos, S.A. de C.V. and Subsidiaries INCOME STATEMENT Information in millions of Nominal U.S. Dollars 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Revenues 2,487 2,428 2,393 2 4 7,281 6,727 8 Cost of sales (1,658) (1,641) (1,686) (1) 2 (4,913) (4,739) (4) Gross profit 828 787 707 5 17 2,368 1,988 19 Operating expenses (611) (583) (519) (5) (18) (1,760) (1,469) (20) Others 10 13 3 (22) 288 32 77 (59) Operating income (losses) 227 217 190 5 19 640 596 7 Financial income 5 5 4 5 31 15 12 23 Financial expenses (62) (68) (57) 8 (9) (190) (171) (11) Exchange rate gains (losses) (7) (11) 5 34 (247) 2 26 (92) Share of losses of associates (4) 0 0 - - (4) 0 - Income before taxes 159 144 142 11 12 462 464 0 Income taxes (56) (56) (48) 2 (15) (172) (175) 2 Net consolidated income 103 87 94 18 10 290 288 1 Non-controlling interest (5) 3 1 (286) (437) (2) 2 (180) Controlling interest 108 85 92 28 17 292 286 2 Sigma Alimentos, S.A. de C.V. and Subsidiaries INCOME STATEMENT Information in millions of Nominal Mexican Pesos 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Revenues 42,898 42,263 44,618 2 (4) 126,720 131,118 (3) Cost of sales (28,613) (28,564) (31,435) 0 9 (85,510) (92,364) 7 Gross profit 14,285 13,699 13,183 4 8 41,210 38,754 6 Operating expenses (10,546) (10,151) (9,684) (4) (9) (30,634) (28,637) (7) Others 180 233 50 (23) 258 555 1,485 (63) Operating income (losses) 3,919 3,781 3,550 4 10 11,131 11,602 (4) Financial income 89 86 74 4 21 256 235 9 Financial expenses (1,078) (1,188) (1,068) 9 (1) (3,311) (3,337) 1 Exchange rate gains (losses) (120) (187) 88 36 (235) 43 508 (92) Share of losses of (73) 5 0 - - (67) 0 - Income before taxes 2,738 2,498 2,644 10 4 8,053 9,008 (11) Income taxes (959) (983) (898) 2 (7) (3,002) (3,417) 12 Net consolidated income 1,779 1,515 1,746 17 2 5,051 5,590 (10) Non-controlling interest (81) 44 26 (285) (416) (29) 40 (172) Controlling interest 1,860 1,471 1,720 26 8 5,080 5,550 (8)
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29 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Alimentos, S.A. de C.V. and Subsidiaries CASH FLOW STATEMENT Information in millions of Nominal U.S. Dollars 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Profit (Loss) before income tax 159 144 142 11 12 462 464 0 Depreciation and amortization 68 67 62 2 9 199 177 13 Impairment of fixed assets and intangible assets 2 5 2 (53) 7 10 13 (24) Gain on sale of property, plant, and equipment (1) (8) (1) 83 (65) (9) (4) (166) Financial cost, net 54 57 46 (5) 18 160 142 13 Foreign exchange, net 7 11 (5) (34) 247 (2) (26) 92 (Increase) Decrease in customers and other accounts receivable 37 12 (55) 204 167 0 (69) 100 (Increase) Decrease in inventories 59 (21) (28) 387 311 10 (162) 106 Increase (Decrease) in suppliers and other accounts payable (26) 57 80 (145) (132) (113) (17) - Income tax paid (47) (56) (39) 17 (19) (178) (133) (34) Other operating costs and expenses 19 12 11 61 80 43 30 45 Cash flows from operating activities 332 280 215 19 54 582 415 40 Business sales & acquisitions, net of cash 15 (27) 1 158 - 5 1 - Interest received 3 3 2 19 38 8 7 18 Acquisition of intangible assets (9) (13) (4) 31 (128) (30) (16) (87) Sale and acquisition of property, plant and equipment (129) (59) (91) (120) (42) (236) (186) (27) Restricted cash and other assets 0 3 0 (96) 238 3 (1) 382 Cash flows from investing activities (119) (92) (92) (29) (30) (249) (195) (27) Proceeds (Payments) of loans and debt (2) 0 (1) - (365) 97 (2) - Financial leases (17) (15) (14) (11) (21) (44) (38) (17) Derivative financial instruments 2 2 1 31 229 (24) 2 - Interest paid (72) (36) (56) (100) (28) (169) (150) (13) Dividends paid to owners 0 (140) 0 100 - (140) (102) (37) Other Equity transactions 0 0 (22) (22) 98 (1) (23) 96 Cash flows from financing activities (90) (189) (91) 53 2 (281) (312) 10 Net increase (decrease) in cash and cash equivalents 123 (1) 32 - 288 52 (93) 156 Exchange gains (losses) in cash and cash equivalents (7) 3 (29) (348) 75 (43) 17 (360) Cash and cash equivalents at the beginning of the period 470 468 476 0 (1) 578 555 4 Cash and cash equivalents at the end of the period 586 470 478 25 23 586 478 23
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30 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26) Sigma Alimentos, S.A. de C.V. and Subsidiaries CASH FLOW STATEMENT Information in millions of Nominal Mexican Pesos 3Q26 2Q26 3Q25 (%)QoQ (%)YoY 2026 2025 Ch.% Profit (Loss) before income tax 2,738 2,498 2,644 10 4 8,053 9,008 (11) Depreciation and amortization 1,172 1,164 1,158 1 1 3,464 3,447 0 Impairment of fixed assets and intangible assets 42 91 42 (54) 0 178 259 (31) Gain on sale of property, plant, and equipment (23) (135) (15) 83 (52) (165) (69) (138) Financial cost, net 937 996 855 (6) 10 2,792 2,778 1 Foreign exchange, net 120 187 (88) (36) 235 (43) (508) 92 (Increase) Decrease in customers and other accounts receivable 616 203 (1,059) 204 158 (20) (1,442) 99 (Increase) Decrease in inventories 1,013 (359) (517) 382 296 151 (3,192) 105 Increase (Decrease) in suppliers and other accounts payable (497) 966 1,463 (152) (134) (2,084) (885) (136) Income tax paid (809) (983) (733) 18 (10) (3,114) (2,607) (19) Other operating costs and expenses 335 209 201 60 67 734 576 28 Cash flows from operating activities 5,645 4,835 3,949 17 43 9,946 7,365 35 Business sales & acquisitions, net of cash acquired 266 (467) 10 157 - 94 10 - Interest received 54 46 43 18 27 146 139 5 Acquisition of intangible assets (153) (222) (74) 31 (106) (521) (314) (66) Sale and acquisition of property, plant and equipment (2,215) (1,020) (1,686) (117) (31) (4,089) (3,584) (14) Restricted cash and other assets 2 57 (2) (96) 227 59 (23) 354 Cash flows from investing activities (2,046) (1,605) (1,709) (28) (20) (4,310) (3,772) (14) Proceeds (Payments) of loans and debt (28) 19 (5) (253) (437) 1,436 142 - Financial leases (286) (259) (254) (10) (13) (770) (735) (5) Derivative financial instruments 36 28 12 30 204 (435) 33 - Interest paid (1,240) (628) (1,044) (97) (19) (2,934) (2,908) (1) Dividends paid to owners 0 (2,444) 0 100 - (2,444) (2,040) (20) Other equity transactions (8) (7) (403) (20) 98 (15) (436) 96 Cash flows from financing activities (1,527) (3,292) (1,694) 54 10 (5,163) (5,944) 13 Net increase (decrease) in cash and cash equivalents 2,071 (62) 546 - 279 474 (2,352) 120 Exchange gains (losses) in cash and cash equivalents 176 (179) (744) 198 124 (397) (102) (291) Cash and cash equivalents at the beginning of the period 8,210 8,450 8,985 (3) (9) 10,381 11,241 (8) Cash and cash equivalents at the end of the period 10,457 8,210 8,788 27 19 10,457 8,788 19
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31 ir@sigmafoods.com www.sigmafoods.com Earnings Report Third Quarter 2026 (3Q26)