Earnings release
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Quarterly Earnings Release 2Q26 Mexico City, July 27, 2026 Conference Call Tuesday, July 28, 2026 10:00 a.m. Mexico City 12:00 p.m. New York Dial-in Outside the United States: +1 (201) 689 8349 Within the United States: +1 (877) 407 8293 Call replay (available for 2 weeks) International: +1 (201) 612 7415 United States: +1 (877) 660 6853 ID: 13759775 Contacts Antonio Tejedo a.tejedo@traxion.global Elba Salcedo e.salcedo@traxion.global Santiago Gómez s.gomez@traxion.global ir@traxion.global +52 55 5046 7900 ext. 3208
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2 TRAXION REPORTS QUARTERLY REVENUES OF Ps. 9,346 MILLION, A 36.2% INCREASE; EBITDA AND OPERATING CASH FLOW REACHED Ps. 1,217 MILLION AND Ps. 1,501 MILLION • Consolidated revenues reached Ps. 9,346 million, a 36.2% increase compared to 2Q25. • Consolidated EBITDA amounted to Ps. 1,217 million; a 1.1% increase compared to the same period last year. • Revenues from the Logistics and Technology segment increased 124.1% during the period, representing 49. 4% of consolidated revenues. • Net operating cash flow reached Ps. 1,501 million. • CapEx reached Ps. 246 million during the period. • Net debt to EBITDA ratio stood at 2.4x for the period. • Average fleet in operation during 2Q26 was 10,823 units. Disclaimer – The information presented in this press release may contain forward-looking statements regarding Grupo Traxión, S.A.B. de C.V. and its subsidiaries (collectively “TRAXION” or the “Company”), which are not historical facts and represent the current view of TRAX ION's management, based on the information available to the Company. Such statements are subject to certai n risks and factors based on assumptions. The words “anticipated,” “believe,” “estimate,” “expect,” “plan,” and other similar expressions, whether related to the Company or not, are intended to provide estimates or forecasts. Various factors may cause the results implied in the statements to differ materially from any future result or event of, or related to, TRAXION that may be expressly or implicitly included in such statements. Additionally, if the assumptions used in the st atements turn out to be incorrect, the actual results may differ materially from those described herein as anticipated, believed, estimated, or expected. TRAXION assumes no obligation to update the statements or information presented in this release. The figures presented in this report have been prepared in accordance with International Financial Reporting Standards (IFRS) and are expressed in nominal millions of Mexican Pesos (MXN), unless otherwise specified.
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3 MESSAGE FROM THE EXECUTIVE PRESIDENT Dear investors, Overall, we believe the second quarter results represent a solid performance given the challenging macroeconomic and geopolitical environment. For the second quarter of 2026, TRAXION reported a 36.2% increase in consolidated revenues, reaching 9,346 million pesos, mainly driven by a 124.1% increase in sales from the Logistics and Technology segment. Perhaps most notably, operating cash flow climbed 124.7% to 1,501 million pesos, following our efforts to preserve cash flow and strengthen the balance sheet this year. During the second quarter, we observed a more normalized environment in the Logistics and Technology segment, mainly explained by two factors: first, the successful integration of Solistica, and second, a broad-based recovery across the sector. However, during the quarter we continued to see the Mobility of Cargo segment affected by volatility in international oil pri ces, which generated a negative impact on our fuel costs, as well as by disruptions in demand levels and the strong exchange rate, which together contributed to a 6.0% decline in revenue per kilometer. During the second quarter, we launched an administrative, operational, and commercial reorganization plan across the Company, particularly within the Mobility of Cargo division. This plan includes a strategy to reduce CapEx by at least 500 million pesos, general price increases, together with an effort to reduce the base of non -profitable assets, a migration of services toward brokerage, increasing the utilization of third-party assets to operate cargo services. Through these measures, we aim to deploy capital more effectively, improve returns on assets during 2026, and reduce the Company’s leverage, while strengthening our operating infrastructure and financial capacity so as to be well positioned for an improvement in the economic cycle. We expect these actions to improve our earnings, strengthen cash flow, and enhance the efficiency of our balance sheet during the second half of the year. TRAXION is a unique company in Mexico, with significant competitive advantages derived from its scale, commercial strength, technological platforms, financial strength, and experienced management team. We have successfully navigated several complex periods in recent years, and we are confident in our ability to overcome the current challenges. We maintain a clear leadership position in an industry that is essential to the functioning of the economies on both sides of the border, and we believe the market cycle is approaching an inflection point. Thank you again for your trust. Sincerely, Aby Lijtszain Cofounder and Executive President
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4 FINANCIAL AND OPERATING INDICATORS Financial Indicators 2Q26 2Q25 ∆% 6M26 6M25 ∆% Consolidated Revenue 9,346 6,864 36.2% 18,408 14,140 30.2% Logistics and technology 4,619 2,061 124.1% 9,073 4,622 96.3% Mobility of cargo 1,819 2,059 (11.7)% 3,679 4,107 (10.4)% Mobility of personnel 2,908 2,744 6.0% 5,656 5,411 4.5% Total costs 7,695 5,306 45.0% 15,232 11,024 38.2% General expenses1 1,201 1,010 18.9% 2,269 1,880 20.7% Consolidated operating income 451 547 (17.6)% 907 1,237 (26.7)% Depreciation and amortization 766 657 16.6% 1,552 1,310 18.5% Consolidated EBITDA 1,217 1,204 1.1% 2,459 2,547 (3.5)% EBITDA margin 13.0% 17.5% (450) bps 13.4% 18.0% (460) bbs Consolidated net income 29 59 (50.8)% 42 220 (80.9)% Earnings per share2 0.05 0.10 (50.0)% 0.08 0.39 (80.8)% Total CapEx 246 552 (55.4)% 840 1,308 (35.8)% Net operating cash flow 1,501 668 124.7% 2,180 1,887 15.5% Net Debt / EBITDA 2.40x 2.22x Operating Indicators 2Q26 2Q25 ∆% 6M26 6M25 ∆% Kilometers driven (million) 168.9 178.5 (5.3)% 336.4 357.5 (5.9)% Mobility of cargo 54.7 57.5 (4.9)% 109.6 116.0 (5.5)% Mobility of personnel 114.2 120.9 (5.5)% 226.8 241.5 (6.1)% Average Fleet (power units) 10,823 11,185 (3.2)% 10,992 11,170 (1.6)% Mobility of cargo 2,230 2,279 (2.2)% 2,258 2,272 (0.6)% Mobility of personnel 8,312 8,586 (3.2)% 8,453 8,578 (1.5)% Last mile 281 320 (12.2)% 281 320 (12.2)% Avg. revenue per kilometer (Ps./km.) Mobility of cargo 33.26 35.39 (6.0)% 33.57 35.00 (4.1)% Mobility of personnel 25.46 22.69 12.2% 24.94 22.41 11.3% Avg. cost per kilometer3 (Ps./km.) Mobility of cargo 25.36 26.89 (5.7)% 27.21 26.66 2.1% Mobility of personnel 19.70 16.24 21.4% 18.80 16.11 16.7% 3PL warehouse area (sqm) 938,992 694,802 35.1% 932,338 689,150 35.3% Revenue per sqm 353.02 295.13 19.6% 355.74 302.08 17.8% Cost per sqm 227.65 208.39 9.2% 227.89 214.70 6.1% 1 Includes general expenses and allowance for doubtful accounts in all three business segments . 2 Weighted average number of shares outstanding for the calculation of earnings per share (excluding repurchases ): 2Q26: 555,035,827 shares and 2Q25: 559,779,839 shares; 6M26: 556,854,627 shares and 6M25: 559,058,373 shares. 3 Costs incurred per driven kilometer: wages, maintenance, net fuel, tolls, and other costs, including depreciation and amortiz ation. Storage costs are not included.
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5 QUARTERLY MD&A • Consolidated revenues: totaled Ps. 9,346 million, a 36.2% increase compared to 2Q25, mainly driven by a growth of 124.1% in revenues from the Logistics and Technology segment. • Costs: increased 45.0%, mainly due to an 80.6% rise in facilities, services, and supplies costs, driven by the growth in the Logistics and Technology segment, which recorded a 126.3% increase and whose costs are recorded under this line item. This also reflects a 21.0% rise in fuel costs, resulting from the general increase in global energy prices, and a 31.7% rise in fleet maintenance costs, due to the fleet refurbishing program in the Mobility of Personnel segment, as well as maintenance performed on units belonging to a client (Solistica) with operations in the Logistics and Technology segment. • Operating income: reached Ps. 451 million, a 17.6% decrease compared to 2Q25, mainly driven by higher fuel prices and lower volumes and pricing in the Mobility of Cargo segment. • EBITDA: reached Ps. 1,217 million, a 1.1% increase compared to 2Q25. • EBITDA Margin: contracted 450 basis points to 13.0%. This is explained by a higher contribution of the Logistics and Technology segment to consolidated revenues (49.4%), with an 8.0% EBITDA margin, as well as a 426-basis-point margin compression in the Cargo segment, which typically generates higher margins under normal conditions. • Net operating cash flow: reached Ps. 1,501 million, an Ps. 833 million increase compared to 2Q25, primarily driven by working capital efficiencies generated during the period. • Net income: reached Ps. 29 million, mainly explained by : (i) instability in service deman d, which resulted in lower volumes and pricing, primarily in cargo services; and (ii) the effect of higher fuel prices in the Mobility of Cargo and Mobility of Pers onnel segments. The Logistics and Technology segment recorded a quarterly revenue increase of Ps. 2,558 million, mainly driven by the contribution of approximately Ps. 2,000 million from Solistica's operations to the TRAXION platform, together with a general expansion in 3PL and 4PL logistics services. Segment costs increased in similar proportion to revenues, while expenses increased 85.2%, mainly driven by the contribution of expenses from Solistica's operations. EBITDA reached Ps. 370 million, a 100. 4% increase, with an 8.0% margin, representing a 95 -basis-point compression compared to 2Q25, explained by a higher weight of Solistica's cargo brokerage operations, but also representing a 250 -basis-point recovery compared to 4Q25. Logistics & Technology 2Q26 2Q25 ∆% 6M26 6M25 ∆% Revenue 4,619 2,061 124.1% 9,073 4,622 96.3% Costs 4,058 1,793 126.3% 7,985 4,038 97.7% General expenses 426 230 85.2% 885 436 103.0% Operating income 135 38 255.3% 203 148 37.2% EBITDA 370 185 100.4% 691 441 56.7% EBITDA margin 8.0% 9.0% (95) bps 7.6% 9.5% (193) bps Last-mile fleet (units) 281 320 (12.2)% 281 320 (12.2)% 3PL warehouse area (sqm) 938,992 694,802 35.1% 932,338 689,150 35.3% Average revenue per sqm (Ps.) 353.0 295.1 19.6% 355.7 302.1 17.8% Average cost per sqm (Ps.) 227.7 208.4 9.2% 227.9 214.7 6.1%
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6 The Mobility of Cargo segment continued with general reductions in volumes, mainly explained by the following factors: (i) a decline in demand across certain sectors of the economy, which resulted in a 6.0% decrease in revenue per kilometer for the period; (ii) the strong exchange rate continues to affect the volumes of our export clients, which has directly impacted our operating activity; (iii ) the recent strength of the Mexican peso has had an effect on the USD -denominated portion of our revenues, as our cost and expense structure is in national currency; and (iv) a migration of cargo services to our TRAXPORTA platform to be operated with third -party fleets. These factors resulted in lower kilometer volumes, with lower revenue per kilometer, considering the effect of higher fuel costs due to the ongoing conflict in the Middle East. This translated into an 11.7% decrease in the segment's revenues, and a 34.6% decline in EBITDA. Mobility of Cargo 2Q26 2Q25 ∆% 6M26 6M25 ∆% Revenue 1,819 2,059 (11.7)% 3,679 4,107 (10.4)% Costs 1,387 1,550 (10.5)% 2,982 3,094 (3.6)% General expenses 436 394 10.7% 693 695 (0.3)% Operating income (4) 115 (103.5)% 4 318 (98.7)% EBITDA 219 335 (34.6)% 459 746 (38.5)% EBITDA margin 12.0% 16.3% (426) bps 12.5% 18.2% (569) bps Mileage (million) 54.7 57.5 (4.9)% 109.6 116.0 (5.5)% Average fleet (power units) 2,230 2,279 (2.2)% 2,258 2,272 (0.6)% Average revenue per km (Ps.) 33.26 35.39 (6.0)% 33.57 35.00 (4.1)% Average cost per km. (Ps.) 25.36 26.89 (5.7)% 27.21 26.66 2.1% The Mobility of Personnel segment recorded a Ps. 164 million increase in revenue to reach Ps. 2,908 million, representing a 6.0% growth compared to 2Q25. During the period, some of our clients showed temporary reductions in their operations, which affected kilometer volumes. On the other hand, revenue per kilometer increased , and was partially offset by higher fuel prices which typically experiences a lag in its recovery. Mobility of Personnel 2Q26 2Q25 ∆% 6M26 6M25 ∆% Revenue 2,908 2,744 6.0% 5,656 5,411 4.5% Costs 2,251 1,963 14.7% 4,264 3,891 9.6% General expenses 306 345 (11.3)% 645 677 (4.7)% Operating income 351 436 (19.5)% 747 843 (11.4)% EBITDA 646 706 (8.5)% 1,325 1,397 (5.2)% EBITDA Margin 22.2% 25.7% (351) bps 23.4% 25.8% (239) bps Mileage (million) 114.2 120.9 (5.5)% 226.8 241.5 (6.1)% Average fleet (power units) 8,312 8,586 (3.2)% 8,453 8,578 (1.5)% Average revenue per km (Ps.) 25.46 22.69 12.2% 24.94 22.41 11.3% Average cost per km. (Ps.) 19.70 16.24 21.4% 18.80 16.11 16.7%
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7 Total Costs 2Q26 2Q25 ∆% 6M26 6M25 ∆% Fuel 986 815 21.0% 1,820 1,626 11.9% % revenues 10.6% 11.9% 9.9% 11.5% Labor 1,814 1,406 29.1% 3,558 2,806 26.8% % revenues 19.4% 20.5% 19.3% 19.8% Tolls 272 244 11.8% 536 483 11.0% % revenues 2.9% 3.6% 2.9% 3.4% Fleet maintenance 500 380 31.7% 979 754 29.9% % revenues 5.4% 5.5% 5.3% 5.3% Facilities, services, and utilities4 3,421 1,894 80.6% 6,931 4,213 64.5% % revenues 36.6% 27.6% 37.7% 29.8% Depreciation and amortization 701 568 23.3% 1,409 1,142 23.3% % revenues 7.5% 8.3% 7.7% 8.1% Total Costs 7,695 5,306 45.0% 15,232 11,024 38.2% % revenues 82.3% 77.3% 82.7% 78.0% Comprehensive Financial Result 2Q26 2Q25 6M26 6M25 Interest expense (413) (404) (844) (867) Foreign Exchange income (loss) 2 (64) (12) (52) Effect on financial instruments - 5 1 11 Interest income 13 17 21 28 Other (8) (30) (19) (42) Comprehensive Financial Result (406) (476) (853) (922) Cash Flows from Operating Activities 2Q26 2Q25 ∆% 6M26 6M25 ∆% Consolidated net income 29 59 (30) 42 220 (178) Income taxes 16 12 4 13 95 (82) Depreciation and amortization 766 657 109 1,552 1,310 242 Accounts receivable 45 25 20 59 37 22 Share-based payments 8 8 - 16 16 - Interest expense 416 433 (17) 852 906 (54) Other financial costs (8) (20) 12 (12) (37) 25 Loss (gain) from equipment sales 14 11 3 27 11 16 Foreign exchange loss (gain) not executed 24 (5) 29 1 (1) 2 Cash Flow before working capital 1,310 1,180 130 2,550 2,557 (7) Working capital 191 (512) 703 (370) (670) 300 Net Cash Flows from Operating Activities 1,501 668 833 2,180 1,887 293 4 Includes subcontracted service costs related to TRAXPORTA.
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8 CapEx 2Q26 6M26 Segment Expansion Renovation Total % Expansion Renovation Total % Mobility of Cargo - 49 49 19.8% - 288 288 34.3% 16 - 16 6.5% 69 - 69 8.2% Mobility of Personnel - 181 181 73.8% - 483 483 57.5% Total 16 230 246 69 771 840 DEBT PROFILE Debt Breakdown 2Q26 2Q25 ∆$ ∆% Short-term debt 1,594 1,449 145 10.0% Short-term capital leases 2 37 (35) (94.6)% Long-term debt 12,420 12,137 283 2.3% Long-term capital leases - 2 (2) (100.0)% Total debt 14,016 13,625 391 2.9% Cash 1,383 1,749 (366) (20.9)% Net Debt 12,633 11,876 757 6.4% Leverage Ratios 2Q26 Total Debt / LTM EBITDA5 2.66x Net Debt6 / LTM EBITDA 2.40x Total Debt / Equity 0.95x 5 Total debt and Adjusted EBITDA for the last 12 months, based on the definition of debt as determined by the syndicated credit. 6 Includes the effect of derivative financial instruments. 78% 22% Tipo de Tasa Flotante Fija Rate Floating Fixed 11% 30% 18% 24% 17% 1 año 2 años 3 años 4 años >5 años Maturity Profiles
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9 ESG – SUSTAINABILITY At TRAXION, we have a comprehensive and robust ESG strategy based on four guiding pillars: Governance, People, Planet, and Profitability, which is recognized year after year by the most prestigious ESG rating platforms. We invite you to learn more throughout this section. We seek to mitigate our environmental impact and our contribution to climate change by offering transportation and logistics solutions that promote efficient use of resources. To achieve this: ▪ We continuously renew our fleet and carry out comprehensive maintenance programs to ensure our units remain in optimal operating condition. ▪ We enhance the use of cutting-edge technology across our processes, fleet, and warehouses (both owned and those managed for third parties). This includes the installation of solar panels at our facilities, as well as advanced telematics systems that allow us to monitor fuel consumption of our units and the driving habits of our operators, which directly and significantly impac t fuel efficiency. ▪ We continuously train our operators in eco-efficient driving, and their compensation includes a variable component linked to fuel efficiency performance. ▪ We collaborate with suppliers to test engines, technologies, and fuels that are more environmentally friendly. The implementation of these strategies results in continuous improvement in the fuel efficiency of our units, which implies lower carbon dioxide emissions, the main Greenhouse Gas (GHG) contributing to global warming and climate change. Additionally, our fleet is equipped with next-generation engines, contributing to lower pollutant emissions. In this regard, the most relevant metrics are those related to fuel consumption and utilization, as well as Greenhouse Gas (G HG) emissions: Indicator7 Unit 2022 2023 2024 2025 1Q26 2Q26 Fuel performance8 km/l 3.48 3.49 3.48 3.46 3.50 3.36 Fuel consumption intensity l/km 0.29 0.29 0.29 0.29 0.29 0.30 Scope emissions intensity9 tCO2eq /1,000 km 0.79 0.80 0.80 0.80 0.80 0.83 Renewable electricity generated on-site from photovoltaic systems MWh - - 16.410 172.3 148.9 260.9 We publish our Integrated Report annually, reflecting our commitment to transparency and accountability by providing detailed information on our progress across environmental, social, and governance (ESG) dimensions, as well as on the material sustainability topics relevant to our operat ions. We align the Integrated Report with the main ESG disclosure frameworks and standards: the Sustainability Accounting Standards Board (SASB), the Task Force on Climate -related Financial Disclosures (TCFD), and the Global Reporting Initiative (GRI). You may access the 2024 report through the following links: Full report: https://traxion.global/hubfs/II24%20Traxion_ENG%201.pdf Executive report: https://traxion.global/hubfs/Executive-Report-2024.pdf 7 Starting in 2025, data from the last-mile fleet of the pharmaceutical business will be included. 8 The performance and intensity indicators are based on our diesel consumption, which annually accounts for 9 5% of our total energy consumption. In addition, our efficiency strategies focus on diesel consumption. 9 Scope 1 10 Fourth quarter only.
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10 During 2Q26, we published our first Annual Sustainability Report under the IFRS S1 and S2 standards , corresponding to fiscal year 2025, in which we disclose climate -related risks and opportunities that could reasonably be expected to affect TRAXION's prospects. As part of its preparation, we updated the qualitative and quantitative analysis of climate-related risks and opportunities, in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Additionally, the report discloses various metrics, including our Scope 1 and Scope 2 carbon emissions inventory, prepared in accordance with the Greenhouse Gas Protocol (GHG Protocol) and verified by an independent third party in accordance with the requirements of the ISO 14064-3 standard. We seek to maximize our contribution to the Sustainable Development Goals (SDGs); we report and disclose ESG information through leading international platforms, including Standard & Poor’s Corporate Sustainability Assessment (S&P -CSA) and the Carbon Disclosure Project (CDP), as well as Bloomberg ESG. TRAXION is part of the S&P/BMV Total Mexico ESG Index, placing us among the most prestigious companies recognized for their ESG efforts and achievements in Mexico. We are also part of the Dow Jones Best-in-Class MILA Pacific Alliance Index (formerly Sustainability MILA Pacific Alliance), which evaluates ESG performance of leading companies in Chile, Colombia, Mexico, and Peru. TRAXION is one of only five companies in the transportation sector included in the index. During the third quarter of 2025, TRAXION obtained recertification under ISO 37001: Anti -Corruption Management System and ISO 37301: Compliance Management System , reaffirming its commitment to the highest standards of compliance, ethics, and corporate integrity. ESG Ratings: ▪ During the second quarter, TRAXION confirmed its continued inclusion in the Dow Jones Best -in-Class MILA Pacific Alliance Index, which rates the ESG performance of leading companies in Chile, Colombia, Mexico, and Peru. TRAXION is one of only four companies in the transportation sector included in the index. ▪ Also during the second quarter, we achieved a score of 63/100 in the 2025 EcoVadis sustainability assessment, a 3-point increase compared to the previous year, earning us the "Committed" recognition. EcoVadis assesses the sustainability performance of suppliers across more than 90,000 companies worldwide, based on four themes: environment, ethics, labor practices and human rights, and sustainable procurement. ▪ During the first quarter, and for the second consecutive year, TRAXION was included in S&P Global's Global Sustainability Yearbook, one of the most prestigious international recognitions in sustainability. This achievement reflects our commitment to best ESG practices and transparency in communicating our progress. The inclusion is especially significant considering that, out of the 9,200 companies evaluated across 59 industries worldwide, only 848 were selected to be part of the yearbook this year, positioning TRAXION as one of only two Mexican companies in the Transportation and Transportation Infrastructure sector to be recognized. ▪ Additionally, during the first quarter, we received our 2025 Carbon Disclosure Project (CDP) Climate Change rating, which we maintained at level B. This rating is at the "Management - Taking Coordinated Action on Climate Issues" level. CDP is the world’s most recognized international environmental disclosure platform, providing relevant information to investors, compani es, and governments. ▪ During the fourth quarter of 2025, we achieved a score of 68 in the 2025 S&P Corporate Sustainability Assessment (CSA), an 8-point increase compared to 2024, placing us in the top 4% and at position #11 among the highest-rated companies in the industry globally, as well as #1 in the industry in Mexico. The questionnaire enables benchmarking of the Company’s performance across a broad range of ESG criteria relevant to the growing number of sustainability -focused investors, according to the world’s most recognized sustainability index database. We invite you to view our scorecard at the following link: https://traxion.global/hubfs/Corporate%20Sustainability%20Assessment%20(CSA)%20Scorecard%202025.pdf Gender diversity: ▪ TRAXION’s goal is to achieve 30% female representation in its workforce by 2030. In line with this objective, we are implementing a program to increase women’s presence in operational positions, specifically addressing the challenges at all stages of the talent attraction, development, and retention process. ▪ Furthermore, in line with our strong commitment to gender diversity and ahead of the 2025 goal set in 2022, since 2024, TRAXION’s Board of Directors has included three women, reaching 20% female representation in this body.
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11 Climate change, clean technologies, and alternative fuels: ▪ During 2Q26, we completed our Greenhouse Gas Inventory , aligned with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (GHG Protocol, 2004). The Scope 1 and 2 GHG emissions inventory was verified by an accredited Validation and Verification Body, in accordance with the requirements of the current ISO 14064-3 standard. ▪ Additionally, during the quarter we updated our climate-related risks and opportunities assessment, prepared in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). This assessment incorporates the quantification of risks and opportunities under different climate scenarios, thereby strengthening our strategic management i n response to the challenges and opportunities of climate change. ▪ One of our main decarbonization strategies is to design, develop, and implement strategic projects in collaboration with our clients, aiming to reduce carbon emissions through the use of clean technologies and greater efficiencies in the services we offer. ▪ We continue to incorporate zero-emission electric vehicles into our fleet and install solar panels for electricity generation at our facilities, whenever techno-economic conditions allow. ▪ Additionally, we continue evaluating and mapping the availability in the market, as well as the techno -economic feasibility of alternative fuels for our operations, with a particular focus on biomethane and hydrogen. Reporting Frameworks and Standards Transparency and Ratings
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12 ANALYST COVERAGE Institution Analyst Contact Actinver Ramón Ortiz rortiz@actinver.com.mx Bank of America Carlos Peyrelongue carlos.peyrelongue@bofa.com BBVA Pablo Abraham pablo.abraham@bbva.com BTG Pactual Fernanda Recchia fernanda.recchia@btgpactual.com Citi Andrés Cardona andres.cardona@citi.com Jefferies Alejandro Demichelis ademichelis@jefferies.com JP Morgan Guilherme Mendes guilherme.g.mendes@jpmorgan.com Miranda – Vector Martín Lara martin.lara@miranda-gr.com Signum Research Alejandro de la Rosa alejandro.delarosa@signumresearch.com Santander Abraham Fuentes afuentes@santander.com.mx ABOUT TRAXION TRAXION is the leading transportation and logistics company in Mexico. It offers integrated solutions through the broadest and most diverse service portfolio in the country. TRAXION’s platform operates three business segments: Mobility of Cargo, Logistics and Technology, and Mobility of Personnel. The Company has 12 brands recognized for their leadership in the different business niches in which they operate. TRAXION was established in 2011 and closed 2Q26 with an average fleet of 10,823 power units, 938,992 square meters of 3PL logistics warehouse space, national footprint, a portfolio of more than 1,300 clients, and over 25,000 employees. Among TRAXION’s most important competitive advantages are an experienced and committed management team, the use of cutting-edge technologies, being the only consolidator in a highly fragmented sector, being the only institutional company in an industry dominated by family-owned businesses, a diversified premium service portfolio, long-term relationships with clients and suppliers, and a forward-looking market vision. Logistics and Technology In this segment, TRAXION provides logistics solutions across the entire supply chain through digital platforms and technological applications with an asset-light focus. The services offered include integrated 4PL logistics solutions, 3PL warehouse management, last-mile services, freight brokerage, and intermodal rail services, among others. By the end of 2Q26, the Company operated more than 938,992 square meters of 3PL warehouse space and a last-mile fleet of 281 units. Mobility of Cargo The Mobility of Cargo segment provides comprehensive cargo solutions. The Company’s services include dedicated freight, less -than-truckload, intermodal freight, refrigerated freight, international cargo, and border crossings, as well as petrochemical trans portation, moving services, and specialized transportation. We operate a platform with five highly recognized brands: Transportadora EGOBA, Muebles y Mudanzas MYM, Grupo SID, Auto Express Frontera Norte, and Autotransportes El Bisonte. TRAXION has one of the most modern, diverse, and flexible fleets in the industry, with an average of 2,230 power units at the close of 2Q26. Mobility of Personnel The school and personnel transportation segment provides services for transporting personnel to corporations, industrial parks, and hotels, as well as student transportation to schools and universities, and group tourism services. Through its subsidiary LIPU, TRAXION operates a centralized platform under dedicated contracts or spot services, and the largest and most modern fleet in Mexico, consisting of an average of 8, 312 power units at the close of 2Q26.
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13 BALANCE SHEET (figures in thousands of pesos MXN) ASSETS 2026 2025 LIABILITIES AND SHAREHOLDERS' EQUITY 2026 2025 Current Assets: Current liabilities: Cash & cash equivalents 1,382,994 1,600,231 Current portion of long-term debt 1,374,086 1,460,391 Accounts receivable, net 7,329,079 6,874,131 Current portion of bonds payable 220,000 120,000 Income tax assets 259,191 255,336 Finance lease obligations 1,570 18,275 Other tax assets 545,477 560,914 Short-term IFRS 16 lease liabilities 962,682 798,378 Other receivables, net 478,514 443,209 Trade payables 3,058,856 3,059,505 Inventories, net 370,044 295,217 Other payables 966,969 1,023,743 Prepayments 754,634 593,949 Other taxes payable 1,296,882 1,250,312 Short-term derivative financial instruments - 1,008 Accrued liabilities 2,269,195 1,608,679 Total current assets 11,119,933 10,623,995 Income tax payable 112,373 108,568 Employees’ profit sharing payable 76,499 123,891 Customer advances 12,950 66,340 Total current liabilities 10,352,062 9,638,082 Non-current assets: Non-current liabilities: Long-term prepayments 189,504 189,504 Long-term bank debt11 7,919,982 9,885,404 Transportation equipment and machinery, net 16,446,196 16,595,973 Long-term bonds payable11 4,500,000 2,500,000 Rights of use assets, net 1,947,353 2,061,597 Long-term finance lease obligations11 - 567 Investments in associates and joint ventures 534,778 500,977 Long-term IFRS 16 lease liabilities 957,417 1,236,432 Goodwill 5,297,301 5,301,301 Provision for contingencies 27,017 49,374 Intangible assets 2,919,915 2,954,423 Employee benefits 318,899 303,657 Security deposits 152,323 155,184 Deferred income taxes 1,700,881 1,744,171 Deferred income tax assets 1,429,891 1,419,174 Total non-current liabilities 15,424,196 15,719,605 Total non-current assets 28,917,261 29,178,133 Total liabilities 25,776,258 25,357,687 Shareholders' equity: Capital stock 9,471,543 9,653,475 Share premium 135,944 135,944 Legal reserve 130,951 117,469 Actuarial losses (25,491) (18,924) Gains on derivative financial instruments (496) 210 Foreign currency translation effect (7,850) 7,492 Other equity accounts (410,093) (389,089) Retained earnings 5,009,629 4,972,884 Total Shareholders' equity 14,304,137 14,479,461 Non-controlling interests (43,201) (35,020) Total equity 14,260,936 14,444,441 Total Assets 40,037,194 39,802,128 Total liabilities and equity 40,037,194 39,802,128 11 Excluding current installments
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14 INCOME STATEMENT (figures in thousands of pesos MXN) 2Q26 2Q25 ∆% 6M26 6M25 ∆% Service Revenues: Cargo 1,819,234 2,058,708 (11.6%) 3,679,159 4,107,160 (10.4%) Logistics services 4,619,070 2,060,698 124.2% 9,073,243 4,621,919 96.3% Personnel 2,908,337 2,743,779 6.0% 5,656,171 5,411,466 4.5% Total operating revenue 9,346,641 6,863,185 36.2% 18,408,573 14,140,545 30.2% Total costs 7,694,865 5,306,019 15,232,299 11,023,650 Gross profit 1,651,776 1,557,166 6.1% 3,176,274 3,116,895 1.9% General expenses 1,123,188 982,585 2,193,965 1,881,782 Allowance for doubtful accounts 45,149 24,777 58,616 36,860 Other (income) expense, net 32,319 2,714 16,748 (38,382) Operating income 451,120 547,090 (17.5%) 906,945 1,236,635 (26.7%) Comprehensive financial result: Interest expense (413,132) (404,114) (844,122) (867,150) Defined benefit plan financial cost (5,319) (1,594) (10,637) (3,160) Other financial costs (3,361) (29,199) (7,941) (39,214) Foreign exchange gain (loss), net 2,168 (63,786) (11,913) (51,737) Fair value effect of financial instruments - 4,617 1,045 11,439 Interest income 13,477 17,085 21,285 28,363 Comprehensive financial result (406,167) (476,991) (852,283) (921,459) Profit before income taxes 44,953 70,099 (35.9%) 54,662 315,176 (82.7%) Income taxes: Current income tax 52,155 74,270 111,532 141,846 Deferred income tax (36,194) (62,687) (98,916) (47,031) Total income tax 15,961 11,583 12,616 94,815 Consolidated net income 28,992 58,516 (50.5%) 42,046 220,361 (80.9%)
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15 CASHFLOWS (figures in thousands of pesos MXN) 2Q26 2Q25 Cash flow from operating activities: Consolidated net income 28,992 58,516 42,046 220,361 Depreciation and amortization 766,370 656,862 1,552,329 1,310,333 Impairment of accounts receivable and other accounts receivable 45,149 24,777 58,616 36,860 Income taxes 15,961 11,583 12,616 94,815 Share-based payment 8,033 8,033 16,066 16,066 Unrealized foreign exchange (gain) loss 23,518 (5,420) 1,364 (985) Net Interest expense 403,016 416,228 830,778 878,001 (Gain) loss on disposal of transportation equipment and machinery 13,504 11,329 26,842 10,737 Other non-cash items 5,319 (3,023) 9,592 (8,279) Cash flow before changes in working capital 1,309,862 1,178,885 2,550,249 2,557,909 Trade receivables (206,359) 20,689 (513,564) (332,321) Other current assets (50,527) 182,241 (190,738) 207,084 Taxes payable (30,688) (60,146) (50,700) (91,694) Trade payables 222,322 (73,681) (649) (58,750) Accrued liabilities 103,403 (432,375) 392,015 (128,015) Related parties payables - 451 - 451 Customer advances (15,324) (28,143) (53,390) (90,946) Other taxes payable 168,482 (123,196) 46,570 (177,473) Net cash flows from operating activities 1,501,171 664,725 2,179,793 1,886,245 Net cash flows from investing activities: Acquisition of transportation equipment & machinery (245,654) (552,434) (839,672) (1,307,075) Other assets and liabilities, net 25,713 (18,750) 17,464 19,413 Proceeds (payments) from sale (purchase) of equity or debt instruments of other entities (14,708) - (33,801) (41,433) Interest received 13,477 17,085 21,285 28,363 Net cash flows from investing activities (221,172) (554,099) (834,724) (1,300,732) Cash flows from financing activities: Bank debt repayments (1,066,030) (284,916) (4,266,453) (5,022,554) Share repurchase (134,797) 26,168 (181,932) (125,914) Share-based plan (16,505) - (46,072) - Finance lease payments (483) (10,752) (17,272) (29,411) Proceeds from derivative financial instruments - 4,617 1,045 11,439 Bonds issued - 120,000 2,100,000 120,000 Bank borrowings 535,952 810,874 2,215,952 6,063,307 Lease payments (307,721) (196,533) (592,074) (390,525) Interest paid (309,619) (322,266) (764,052) (870,543) Net cash flows from financing activities (1,299,203) 147,192 (1,550,858) (244,201) Net increase (decrease) in cash and equivalents (19,204) 257,818 (205,789) 341,312 Cash and equivalents at the beginning of the period 1,417,452 1,536,477 1,600,231 1,455,551 Effect of exchange rate changes on cash (15,254) (45,291) (11,448) (47,860) Cash and equivalents at the end of the period 1,382,994 1,749,004 1,382,994 1,749,003