Earnings release
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Quarterly Earnings Release 3Q26 Mexico City, October 26, 2026 Conference Call Tuesday, October 27, 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: 13763269 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. 9,318 MILLION, AN 8.1% INCREASE; EBITDA AND OPERATING CASH REACHED Ps. 1,199 MILLION AND Ps. 923 MILLION • Consolidated revenues grew Ps. 695 million to reach Ps. 9,318 million, an 8.1% increase compared to 3Q25. • Consolidated EBITDA totaled Ps. 1,199 million, a 15.1% decrease compared to the same period last year. • Revenues from the Logistics and Technology segment increased 10.7% during the period, representing 46.1% of consolidated revenues. • Net operating cash flow reached Ps. 923 million. • CapEx reached Ps. 299 million during the period. • Net debt to EBITDA ratio stood at 2.49x for the period. • Average fleet in operation during 3Q26 was 10,757 units. • On September 22, a Tender Offer was launched for up to 100% of TRAXION’s outstanding shares by a company controlled by TRAXION’s Executive President, at a price of Ps. 13.18 per share, payable in cash. The offer expired at 3:30 p.m. (Mexico City time) on October 20, 2026. The notice of results is available on the website of the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.). According to the figures determined by the intermediary, 267,011,256 shares representing TRAXION’s capital stock were tendered in the offer and accepted by the offeror, equivalent to 49.2% of the Company’s total outstanding shares. TRAXION’s shares will remain listed on the Mexican Stock Exchange, since the offer was not conducted under the terms of Article 108 of the Mexican Securities Market Law (Ley del Mercado de Valores); therefore, the Company remains subject to the obligations applicable to issuers with securities registered in the National Securities Registry (Registro Nacional de Valores). Disclaimer – The information presented in this press release may contain forward-looking statements regarding Grupo Traxion, 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 sta tements 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 Shareholders, During the third quarter of 2026, TRAXION delivered revenue growth and generated operating cash flow amid persistent cost pressures and a challenging macroeconomic environment. Performance varied across our businesses, reinforcing our focus on profitability, disciplined capital allocation, and financial strength. Consolidated revenue increased 8.1% year over year to 9,318 million pesos, led by 10.7% growth in Logistics and Technology. Operating cash flow totaled 923 million pesos for the quarter and 3,104 million pesos for the first nine months, supporting our liquidity and financial flexibility. The Logistics and Technology division benefited from increased activity in 3PL and brokerage services, driven by new customer wins and expanded relationships with existing customers. We continued to broaden our geographic presence as demand for these services grew across Mexico. Meanwhile, Mobility of Cargo continued to face pressure on operating margins. Although revenue per kilometer increased, costs grew at a faster pace, primarily due to higher fuel prices and expenses associated with the operational reorganization. These factors affected the segment’s profitability and underscore the importance of accelerating our operational transformation. We are advancing a comprehensive administrative, operational, and commercial optimization program. Key actions include reduci ng capital expenditure by at least 500 million pesos, implementing price adjustments, rationalizing lower -profitability assets, and expanding our brokerage model through greater use of third-party fleet capacity. These measures are designed to structurally improve margins, increase asset productivity, strengthen cash generation, and red uce leverage. TRAXION’s scale, diversified operations, technology, commercial capabilities, and experienced leadership provide a strong foundation. Our responsibility is to translate these strengths into consistent execution and long-term shareholder value. Thank you for your continued trust and support. Sincerely, Aby Lijtszain Cofounder and Executive President
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4 FINANCIAL AND OPERATING INDICATORS Financial Indicators 3Q26 3Q25 ∆% 9M26 9M25 ∆% Consolidated Revenue 9,318 8,623 8.1% 27,727 22,763 21.8% Logistics and technology 4,296 3,882 10.7% 13,370 8,504 57.2% Mobility of cargo 2,110 1,943 8.6% 5,789 6,050 (4.3)% Mobility of personnel 2,912 2,798 4.1% 8,568 8,209 4.4% Total costs 7,706 6,956 10.8% 22,938 17,979 27.6% General expenses1 1,173 1,033 13.6% 3,443 2,914 18.2% Consolidated operating income 439 633 (30.6)% 1,346 1,870 (28.1)% Depreciation and amortization 760 779 (2.4)% 2,312 2,090 10.6% Consolidated EBITDA 1,199 1,412 (15.1)% 3,658 3,959 (7.6)% EBITDA margin 12.9% 16.4% (350) bps 13.2% 17.4% (420) bps Consolidated net income 11 112 (90.2)% 53 332 (84.0)% Earnings per share2 0.02 0.20 (90.0)% 0.10 0.60 (83.2)% Total CapEx 299 651 (54.1)% 1,138 1,958 (41.9)% Net operating cash flow 923 1,443 (36.0)% 3,104 3,329 (6.8)% Net Debt / EBITDA 2.49x 2.35x Operating Indicators 3Q26 3Q25 ∆% 9M26 9M25 ∆% Kilometers driven (million) 166.8 174.6 (4.5)% 503.2 532.1 (5.4)% Mobility of cargo 48.8 54.8 (11.0)% 158.4 170.8 (7.3)% Mobility of personnel 118.0 119.7 (1.5)% 344.8 361.2 (4.6)% Average Fleet (power units) 10,757 11,069 (2.8)% 10,914 11,136 (2.0)% Mobility of cargo 2,223 2,240 (0.8)% 2,247 2,261 (0.7)% Mobility of personnel 8,253 8,509 (3.0)% 8,386 8,555 (2.0)% Last mile 281 320 (12.2)% 281 320 (12.2)% Avg. revenue per kilometer (Ps./km.) Mobility of cargo 40.57 35.42 14.5% 35.73 35.14 1.7% Mobility of personnel 24.69 23.37 5.7% 24.85 22.72 9.4% Avg. cost per kilometer3 (Ps./km.) Mobility of cargo 33.96 26.54 27.9% 29.27 26.62 9.9% Mobility of personnel 18.81 17.14 9.8% 18.81 16.45 14.3% 3PL warehouse area (sqm) 1,038,154 1,041,922 (0.4)% 1,007,751 806,741 24.9% Revenue per sqm 321.25 338.73 (5.2)% 343.87 318.15 8.1% Cost per sqm 202.17 224.91 (10.1)% 219.04 219.18 (0.1)% 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 ): 3Q26: 555,035,827 shares and 3Q25: 558,405,690 shares; 9M26: 556,854,627 shares and 9M25: 557,644,067 shares. 3 Costs incurred per driven kilometer: wages, maintenance, net fuel, tolls, and depreciation and amortization. Storage costs ar e not included.
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5 QUARTERLY MD&A • Consolidated revenues: totaled Ps. 9,318 million, an 8.1% increase compared to 3Q25, mainly driven by 10.7% and 8.6% increases in revenues from the Logistics and Technology and Cargo segments, respectively. • Costs: increased 10.8%, mainly due to an 11.0% rise in facilities, services, and supplies costs, in line with the growth in the Logistics and Technology segment, whose costs are recorded under this line item. This expansion also reflects a 17.9% rise in fuel costs, resulting from the general increase in global energy prices, and a 9.5% rise in labor costs, as a result of higher operating activity in the asset-light division. • General expenses: increased 13.6% due to the progress of the Company’s operational reorganization plan, which mainly includes headcount adjustments for approximately Ps. 116 million. • EBITDA: reached Ps. 1,199 million, a 15.1% decrease compared to 3Q2 mainly because of higher fuel prices and higher general expenses derived from the Company-wide operational reorganization plan. • EBITDA Margin: contracted 350 basis points to 12.9%. This is explained by a 984 -basis-point margin compression in the Cargo segment, which typically generates higher margins under more stabilized conditions. • Comprehensive financial result: improved by Ps. 37 million, mainly due to lower interest expense. This improvement is even more evident in the nine-month accumulated figure. • Net income: reflects impacts primarily resulting from the increase in fuel prices and expenses incurred due to the Company’s operational reorganization. The Logistics and Technology segment recorded a Ps. 414 million quarterly revenue increase, mainly driven by an expansion in revenues from 3PL services and brokerage, driven by greater cross-selling penetration and the launch of new business operations. Segment costs increased in similar proportion to revenues, while expenses increased 13.2%, which led operating income to grow 27.1%. EBITDA reached Ps. 371 million, a 5.5% increase, with an 8.6% margin, representing a 42 -basis-point compression compared to 3Q25, explained by a higher weight of brokerage operations. Logistics & Technology 3Q26 3Q25 ∆% 9M26 9M25 ∆% Revenue 4,296 3,882 10.7% 13,370 8,504 57.2% Costs 3,793 3,448 10.0% 11,779 7,487 57.3% General expenses 395 349 13.2% 1,280 785 63.1% Operating income 108 85 27.1% 311 232 34.1% EBITDA 371 352 5.5% 1,062 793 33.9% EBITDA margin 8.6% 9.1% (42) bps 7.9% 9.3% (138) bps Last-mile fleet (units) 281 320 (12.2)% 281 320 (12.2)% 3PL warehouse area (sqm) 1,038,154 1,041,922 (0.4)% 1,007,751 806,741 24.9% Average revenue per sqm (Ps.) 321.2 338.7 (5.2)% 343.9 318.1 8.1% Average cost per sqm (Ps.) 202.2 224.9 (10.1)% 219.0 219.2 (0.1)%
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6 The Mobility of Cargo segment recorded a recovery in revenue per kilometer, contributing to an 8.6% increase in divisional revenue; however, operating volumes continued to be unstable. Additionally, higher fuel costs and the strength of the Mexican peso continued to affect the segment’s performance in terms o f both revenue and costs. Meanwhile, progress in the operational reorganization program, together with fleet disposals and other movements, resulted in a 32.5% increase in divisional expenses. As a result, operating income and EBITDA declined, while the EBITDA margin contracted by 984 basis points compared to the same period last year. It is worth noting that, compared to the second quarter of this year, the contraction was 120 basis points. Mobility of Cargo 3Q26 3Q25 ∆% 9M26 9M25 ∆% Revenue 2,110 1,943 8.6% 5,789 6,050 (4.3)% Costs 1,693 1,456 16.3% 4,676 4,550 2.8% General expenses 391 295 32.5% 1,083 990 9.4% Operating income 26 192 (86.5)% 30 510 (94.1)% EBITDA 227 401 (43.4)% 686 1,147 (40.2)% EBITDA margin 10.8% 20.6% (984) bps 11.9% 19.0% (711) bps Mileage (million) 48.8 54.8 (11.0)% 158.4 170.8 (7.3)% Average fleet (power units) 2,223 2,240 (0.8)% 2,247 2,261 (0.7)% Average revenue per km (Ps.) 40.57 35.42 14.5% 35.73 35.14 1.7% Average cost per km. (Ps.) 33.96 26.54 27.9% 29.27 26.62 9.9% The Mobility of Personnel segment recorded a revenue increase of Ps. 114 million, reaching Ps. 2,912 million, representing year- over-year growth of 4.1% compared to 3Q25. During the period, some of our customers experienced temporary reductions in their operations, which affected kilometer volumes. On the other hand, revenue per kilometer increased, which was partially offset by the impact of higher fuel prices, which typically take time to be reflected in pricing adjustments, as well as the segment’s share of the company’s reorganization expenses. Finally, the average operating fleet decreased temporarily by 3.0%, primarily as a result of the fleet modernization program and ongoing efforts to improve customer profitability. Mobility of Personnel 3Q26 3Q25 ∆% 9M26 9M25 ∆% Revenue 2,912 2,798 4.1% 8,568 8,209 4.4% Costs 2,219 2,052 8.1% 6,484 5,943 9.1% General expenses 314 317 (0.9)% 959 994 (3.5)% Operating income 379 429 (11.7)% 1,125 1,272 (11.6)% EBITDA 660 719 (8.2)% 1,985 2,115 (6.1)% EBITDA Margin 22.7% 25.7% (303) bps 23.2% 25.8% (260) bps Mileage (million) 118.0 119.7 (1.5)% 344.8 361.2 (4.6)% Average fleet (power units) 8,253 8,509 (3.0)% 8,386 8,555 (2.0)% Average revenue per km (Ps.) 24.69 23.37 5.7% 24.85 22.72 9.4% Average cost per km. (Ps.) 18.81 17.14 9.8% 18.81 16.45 14.3%
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7 Total Costs 3Q26 3Q25 ∆% 9M26 9M25 ∆% Fuel 981 832 17.9% 2,801 2,459 13.9% % revenues 10.5% 9.7% 10.1% 10.8% Labor 1,823 1,665 9.5% 5,381 4,470 20.4% % revenues 19.6% 19.3% 19.4% 19.6% Tolls 251 258 (2.7)% 787 741 6.2% % revenues 2.7% 3.0% 2.8% 3.3% Fleet maintenance 503 472 6.6% 1,482 1,225 21.0% % revenues 5.4% 5.5% 5.3% 5.4% Facilities, services, and utilities4 3,505 3,158 11.0% 10,435 7,370 41.6% % revenues 37.6% 36.6% 37.6% 32.4% Depreciation and amortization 643 571 12.6% 2,052 1,713 19.8% % revenues 6.9% 6.6% 7.4% 7.5% Total Costs 7,706 6,956 10.8% 22,938 17,979 27.6% % revenues 82.7% 80.7% 82.7% 79.0% Comprehensive Financial Result 3Q26 3Q25 9M26 9M25 Interest expense (410) (460) (1,255) (1,327) Foreign Exchange income (loss) (11) (1) (23) (53) Effect on financial instruments - 3 1 14 Interest income 14 11 35 39 Other (12) (9) (31) (52) Comprehensive Financial Result (419) (456) (1,273) (1,379) Cash Flows from Operating Activities 3Q26 3Q25 ∆$ 9M26 9M25 ∆$ Consolidated net income 11 112 (101) 53 332 (279) Income taxes 8 65 (57) 21 160 (139) Depreciation and amortization 760 779 (19) 2,312 2,090 222 Accounts receivable 13 58 (45) 72 95 (23) Share-based payments 8 8 - 24 24 - Interest expense 417 464 (47) 1,270 1,370 (100) Other financial costs (8) (9) 1 (20) (46) 26 Loss (gain) from equipment sales 5 36 (31) 32 47 (15) Foreign exchange loss (gain) not executed (3) 2 (5) (2) 1 (3) Cash Flow before working capital 1,211 1,515 (304) 3,762 4,073 (311) Working capital (288) (72) (216) (658) (744) 86 Net Cash Flows from Operating Activities 923 1,443 (520) 3,104 3,329 (225) 4 Includes subcontracted service costs related to TRAXPORTA.
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8 CapEx 3Q26 9M26 Segment Expansion Renovation Total % Expansion Renovation Total % Mobility of Cargo - 24 24 8.1% - 312 312 27.4% 84 - 84 28.0% 153 - 153 13.4% Mobility of Personnel - 191 191 63.8% - 674 674 59.2% Total 84 215 299 153 986 1,139 DEBT PROFILE Debt Breakdown 3Q26 3Q25 ∆$ ∆% Short-term debt 4,035 1,417 2,618 184.8% Short-term capital leases 1 27 (26) (96.3)% Long-term debt 9,838 13,275 (3,437) (25.9)% Long-term capital leases - 1 (1) (100.0)% Total debt 13,874 14,720 (846) (5.7)% Cash 1,276 1,390 (114) (8.2)% Net Debt 12,598 13,330 (732) (5.5)% 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. 29% 11% 21% 24% 15% 12 months 2 years 3 years 4 years >5 years Maturity Profile 79% 21% Rate Floating Fixed Leverage Ratios 3Q26 Total Debt / LTM EBITDA5 2.75x Net Debt6 / LTM EBITDA 2.49x Total Debt / Equity 0.94x
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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 f leet 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 3Q26 Fuel performance8 km/l 3.48 3.49 3.48 3.46 3.50 3.36 3.52 Fuel consumption intensity l/km 0.29 0.29 0.29 0.29 0.29 0.30 0.28 Scope emissions intensity9 tCO2eq/ 1,000 km 0.79 0.80 0.80 0.80 0.80 0.83 0.78 Renewable electricity generated on-site from photovoltaic systems MWh - - 16.410 172.3 148.9 260.9 351.1 During the quarter, we published our 2025 Integrated Report , 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 t he material sustainability topics relevant to our operations. We align the Integrated Report with the main ESG disclosure frameworks and standards: the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). Link to access the report: https://api.traxion.global/assets/assets/Integrated_Report_2025_TRAXION.pdf Also during the quarter, TRAXION obtained recertification under the ISO 37001:2025 Anti-Corruption Management System, ISO 37301:2021 Compliance Management System, and ISO 27001:2022 Information Security Management System standards, reaffirming its commitment to the highest standards of compliance, ethics, and corporate integrity. Demonstrating our commitment to the Planet, during the quarter we completed the installation of solar photovoltaic systems at four additional business units. As a result, we more than doubled our installed solar generation capacity, from 728 kWp to 1,511 kWp, distributed across six business units. We estimate that this capacity will cover approximately 13% of TRAXION’s total annual electricity consumption and will reduce the greenhouse gas emissions associated with such consumption. 7 Starting in 2025, data from the last-mile fleet of the pharmaceutical business segment are included. 8 Performance and intensity indicators are based on diesel consumption, as it represents 95% of our energy consumption. Our eff iciency strategies focus on the consumption of this fuel. 9 Scope 1 10 Fourth quarter only.
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10 In the second quarter, 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, prep ared 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 two of the leading international disclosure platforms: 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 regional Dow Jones Best-in-Class MILA Pacific Alliance Index (formerly Sustainability MILA Pacific Alliance ), 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. 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 2026 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 the second quarter, 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 second 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 strat egic management in 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 them. ▪ We continue to incorporate zero-emission electric vans 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 an d 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 3Q26 with an average fleet of 10,757 power units, 1,038,154 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 3Q26, the Company operated more than 1,038,154 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 2,223 power units at the close of 3Q26. 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 8,25 3 power units at the close of 3Q26.
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13 BALANCE SHEET (figures in thousands of pesos MXN) 11 Excluding current installments ASSETS 2026 2025 LIABILITIES AND SHAREHOLDERS' EQUITY 2026 2025 Current Assets: Current liabilities: Cash & cash equivalents 1,276,481 1,600,231 Current portion of long-term debt 1,314,857 1,460,391 Accounts receivable, net 7,337,266 6,874,131 Current portion of bonds payable 2,720,000 120,000 Income tax assets 249,228 255,336 Finance lease obligations 1,079 18,275 Other tax assets 509,789 560,914 Short-term IFRS 16 lease liabilities 1,029,156 798,378 Other receivables, net 450,373 443,209 Suppliers 3,352,355 3,059,505 Inventories, net 473,147 295,217 Creditors 1,200,982 1,023,743 Prepayments 805,818 593,949 Other taxes payable 1,149,190 1,250,312 Short-term derivative financial instruments - 1,008 Accrued liabilities 1,997,512 1,608,679 Total current assets 11,102,102 10,623,995 Income tax payable 126,752 108,568 Employees’ profit sharing payable 82,176 123,891 Customer advances 28,322 66,340 Total current liabilities 13,002,381 9,638,082 Non-current assets: Non-current liabilities: Long-term prepayments 189,504 189,504 Long-term bank debt11 7,837,641 9,885,404 Transportation equipment and machinery, net 16,468,705 16,595,973 Long-term bonds payable11 2,000,000 2,500,000 Rights of use assets, net 2,156,114 2,061,597 Long-term finance lease obligations11 - 567 Investments in associates and joint ventures 556,975 500,977 Long-term IFRS 16 lease liabilities 1,150,699 1,236,432 Goodwill 5,302,358 5,301,301 Provision for contingencies 27,472 49,374 Intangible assets 2,898,404 2,954,423 Employee benefits 330,822 303,657 Security deposits 156,208 155,184 Deferred income taxes 1,687,245 1,744,171 Deferred income tax assets 1,487,251 1,419,174 Total non-current liabilities 13,033,879 15,719,605 Total non-current assets 29,215,519 29,178,133 Total liabilities 26,036,260 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 (28,775) (18,924) Gains on derivative financial instruments (496) 210 Foreign currency translation effect (992) 7,492 Other equity accounts (404,470) (389,089) Retained earnings 5,024,268 4,972,884 Total Shareholders' equity 14,327,973 14,479,461 Non-controlling interests (46,612) (35,020) Total equity 14,281,361 14,444,441 Total Assets 40,317,621 39,802,128 Total liabilities and equity 40,317,621 39,802,128
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14 INCOME STATEMENT (figures in thousands of pesos MXN) 3Q26 3Q25 ∆% 9M26 9M25 ∆% Service Revenues: Cargo 2,109,986 1,942,910 8.6% 5,789,145 6,050,070 (4.3)% Logistics services 4,296,293 3,881,750 10.7% 13,369,536 8,503,669 57.2% Personnel 2,911,929 2,797,635 4.1% 8,568,100 8,209,101 4.4% Total operating revenue 9,318,208 8,622,295 8.1% 27,726,781 22,762,840 21.8% Total costs 7,705,668 6,955,819 22,937,967 17,979,469 Gross profit 1,612,540 1,666,476 (3.2)% 4,788,814 4,783,371 0.1% General expenses 1,114,951 1,244,329 3,308,916 3,126,111 Allowance for doubtful accounts 13,057 57,738 71,673 94,598 Other (income) expense, net 45,459 (268,759) 62,207 (307,141) Operating income 439,073 633,168 (30.7)% 1,346,018 1,869,803 (28.0)% Comprehensive financial result: Interest expense (410,394) (459,849) (1,254,516) (1,326,999) Defined benefit plan financial cost (5,318) (5,138) (15,955) (8,298) Other financial costs (7,091) (4,211) (15,032) (43,425) Foreign exchange gain (loss), net (10,771) (1,049) (22,684) (52,786) Fair value effect of financial instruments - 2,868 1,045 14,307 Interest income 13,679 11,131 34,964 39,494 Comprehensive financial result (419,895) (456,248) (1,272,178) (1,377,707) Profit before income taxes 19,178 176,920 (89.2)% 73,840 492,096 (85.0)% Income taxes: Current income tax 64,895 87,304 176,427 229,150 Deferred income tax (56,945) (22,470) (155,861) (69,501) Total income tax 7,950 64,834 20,566 159,649 Consolidated net income 11,228 112,086 (90.0)% 53,274 332,447 (84.0)%
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15 CASHFLOWS (figures in thousands of pesos MXN) 3Q26 3Q25 9M26 9M25 Cash flow from operating activities: Consolidated net income 11,228 112,086 53,274 332,447 Depreciation and amortization 759,713 779,259 2,312,042 2,089,592 Impairment of accounts receivable and other accounts receivable 13,057 57,738 71,673 94,598 Income taxes 7,950 64,834 20,566 159,649 Share-based payment 8,033 8,033 24,099 24,099 Unrealized foreign exchange (gain) loss (3,496) 1,800 (2,132) 815 Net Interest expense 403,806 452,929 1,234,584 1,330,930 (Gain) loss on disposal of transportation equipment and machinery 5,332 35,973 32,174 46,710 Other non-cash items 5,318 2,270 14,910 (6,009) Cash flow before changes in working capital 1,210,941 1,514,922 3,761,190 4,072,831 Trade receivables (21,244) 609,218 (534,808) 276,897 Other current assets (148,992) 5,527 (339,730) 212,611 Taxes payable (65,568) (92,980) (116,268) (184,674) Suppliers 293,500 (138,234) 292,851 (196,984) Accrued liabilities (213,194) (143,123) 178,821 (271,138) Related parties payables - (451) - - Customer advances 15,372 21,944 (38,018) (69,002) Other taxes payable (147,692) (334,311) (101,122) (511,784) Net cash flows from operating activities 923,123 1,442,512 3,102,916 3,328,757 Net cash flows from investing activities: Acquisition of transportation equipment & machinery (298,527) (650,843) (1,138,199) (1,957,918) Other assets and liabilities, net 40,042 35,704 57,506 55,117 Consideration for business acquisition - (1,480,310) - (1,480,310) Proceeds (payments) from sale (purchase) of equity or debt instruments of other entities (22,197) (52,056) (55,998) (93,489) Interest received 13,679 11,131 34,964 39,494 Net cash flows from investing activities (267,003) (2,136,374) (1,101,727) (3,437,106) Cash flows from financing activities: Bank debt repayments (1,460,000) (828,364) (5,726,453) (5,850,918) Share repurchase - (35,979) (181,932) (161,893) Share-based plan - - (46,072) - Finance lease payments (491) (11,088) (17,763) (40,499) Proceeds from derivative financial instruments - 2,868 1,045 14,307 Bonds issued - (120,000) 2,100,000 - Bank borrowings 1,400,000 2,105,965 3,615,952 8,169,272 Lease payments (283,359) (310,491) (875,433) (701,016) Interest paid (422,219) (465,239) (1,186,271) (1,335,782) Net cash flows from financing activities (766,069) 337,672 (2,316,927) 93,471 Net increase (decrease) in cash and equivalents (109,949) (356,190) (315,738) (14,878) Cash and equivalents at the beginning of the period 1,382,994 1,749,003 1,600,231 1,455,551 Effect of exchange rate changes on cash 3,436 (2,627) (8,012) (50,487) Cash and equivalents at the end of the period 1,276,481 1,390,186 1,276,481 1,390,186