Earnings release
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 1 Walmart de México y Centroamérica Reports Third Quarter and Nine Months of 2026 Results FREE TRANSLATION, NOT TO THE LETTER Mexico City, October 27, 2026 “Earning our customers’ trust starts with delivering value for their money, a broad and relevant assortment, and a great experience. By strengthening our core, accelerating digital, and operating more efficiently, we are building a stronger and more competitive Walmex. The progress we are seeing is encouraging and we are focused on executing with urgency” Cristian Barrientos Pozo President and CEO Walmart de México y Centroamérica Third-quarter highlights Nine-month highlights Consolidated revenue increased 3.0%: o 3.1% in Mexico and 6.0% in Central America. Same-store sales growth of 1.7% in Mexico and 4.8% in Central America. o Mexico: ticket grew 1.6% and broadly flat traffic. o Central America: ticket grew 1.4% and traffic 3.4%. Mexico eCommerce Net Sales grew 15.8% driven by 20.8% growth in Store-fulfilled. GMV grew 14.8%, supported by 12.2% growth in Marketplace. Central America eCommerce GMV grew +23.4% vs 3Q25. In Mexico, Price Perception and self-service Total Availability improved 260 bps and 340 bps respectively vs. LY. Gross Margin remained flat vs. LY at 24.7%. The contribution from our higher-margin Commerce Solutions helped to offset investments to improve our price gap. SG&A expanded 40 bps to 17.4% of sales, representing an increase of 6.3% in constant currency, mainly due to growth investments which were partially offset by productivity initiatives and efficiencies. EBITDA increased 0.4% with a margin contraction of 30 bps to 10.2%. Consolidated net income margin of 4.4%. EPS (earnings per share) of 0.642 pesos for 3Q26. Consolidated revenue grew 2.2%: o 3.5% in Mexico and 4.0% in Central America. Same-store sales growth of 2.2% in Mexico and 2.6% in Central America. Mexico eCommerce Net Sales grew 15.5%, while GMV grew 11.9%, mainly driven by Store-fulfilled growth of 20.5% with its ~1,500 stores with delivery capabilities. Gross Margin remained flat at 24.3% of revenues, mainly due to the contribution from our Commerce Solutions offsetting price investments. SG&A increased 4.4% (5.8% in constant currency), accounting for 17.2% of total revenues, driven by growth investments and labor cost. EBITDA grew 0.2%, contracting 20 bps to a 9.9% margin. Consolidated net income decreased 1.7%. EPS (earnings per share) of 2.012 pesos for 9M26. Please consider that, when we talk about results in Central America, we are referring to figures on a constant currency basis.
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 2 Financial Statements Consolidated main figures are: Results 3Q26 3Q25 Growth July - September Millions $MXN % Millions $MXN % % Net Sales 247,001 239,795 3.0 Other Income 1,827 1,725 5.9 Total Revenues 248,828 100.0 241,520 100.0 3.0 Cost of Sales (187,273) (75.3) (181,746) (75.3) 3.0 Gross Profit 61,555 24.7 59,774 24.7 3.0 General Expenses (43,294) (17.4) (40,946) (17.0) 5.7 Income before Other Income Net 18,261 7.3 18,828 7.8 (3.0) Other Income (Expenses) - Net 422 0.2 193 0.1 118.1 Operating Income 18,683 7.5 19,021 7.9 (1.8) Financial Income (Expenses) - Net (2,427) (1.0) (2,693) (1.1) (9.9) Taxes (5,229) (2.1) (4,581) (1.9) 14.2 Net Income 11,027 4.4 11,747 4.9 (6.1) EBITDA 25,372 10.2 25,266 10.5 0.4 EPS (in pesos) 0.642 0.678 (5.2) Results 9M26 9M25 Growth January – September Millions $MXN % Millions $MXN % % Net Sales 739,479 723,512 2.2 Other Income 5,316 5,237 1.5 Total Revenues 744,795 100.0 728,749 100.0 2.2 Cost of Sales (563,522) (75.7) (551,495) (75.7) 2.2 Gross Profit 181,273 24.3 177,254 24.3 2.3 General Expenses (128,461) (17.2) (123,094) (16.9) 4.4 Income before Other Income Net 52,812 7.1 54,160 7.4 (2.5) Other Income (Expenses) - Net 1,362 0.2 1,017 0.1 34.0 Operating Income 54,174 7.3 55,177 7.6 (1.8) Financial Income (Expenses) - Net (6,987) (0.9) (7,354) (1.0) (5.0) Taxes (12,508) (1.7) (12,532) (1.7) (0.2) Net Income 34,679 4.7 35,291 4.8 (1.7) EBITDA 73,992 9.9 73,852 10.1 0.2 EPS (in pesos) 2.012 2.030 (0.9) EPS: Earnings per share Balance Sheet (September 30, 2026 – $MXN Millions) 378,892405,015 112,788113,73027,065 AssetsLiabilities &shareholders' equity TOTAL: $518,745CashInventories Fixedassetsand other Accounts Payable Shareholders’equity and other
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 3 Mexico main figures are: Results 3Q26 3Q25 Growth July - September Millions $MXN % Millions $MXN % % Total Revenues 206,759 100.0 200,567 100.0 3.1 Gross Profit 51,144 24.7 49,672 24.8 3.0 General Expenses 35,533 17.2 33,405 16.7 6.4 Income before Other Income Net 15,611 7.6 16,267 8.1 -4.0 Other Income (Expenses) - Net 368 0.2 135 0.1 171.7 Operating Income 15,979 7.7 16,402 8.2 -2.6 EBITDA 21,491 10.4 21,490 10.7 0.0 Results 9M26 9M25 Growth January – September Millions $MXN % Millions $MXN % % Total Revenues 620,306 100.0 599,115 100.0 3.5 Gross Profit 151,294 24.4 145,430 24.3 4.0 General Expenses 106,005 17.1 99,619 16.6 6.4 Income before Other Income Net 45,289 7.3 45,811 7.6 -1.1 Other Income (Expenses) - Net 1,262 0.2 884 0.1 42.7 Operating Income 46,551 7.5 46,695 7.8 -0.3 EBITDA 62,860 10.1 61,843 10.3 1.6 Central America main figures are: Results 3Q26 3Q25 Growth Peso terms Growth Constant currency basis July - September Millions $MXN % Millions $MXN % % % Total Revenues 42,069 100.0 40,953 100.0 2.7 6.0 Gross Profit 10,411 24.7 10,102 24.7 3.1 6.4 General Expenses 7,761 18.4 7,541 18.4 2.9 5.7 Income before Other Income Net 2,650 6.3 2,561 6.3 3.5 8.4 Other Income (Expenses) - Net 54 0.1 58 0.1 -7.2 -7.5 Operating Income 2,704 6.4 2,619 6.4 3.3 8.0 EBITDA 3,881 9.2 3,776 9.2 2.8 6.9 Results 9M26 9M25 Growth Peso terms Growth Constant currency basis January – September Millions $MXN % Millions $MXN % % % Total Revenues 124,489 100.0 129,634 100.0 (4.0) 4.0 Gross Profit 29,979 24.1 31,824 24.5 (5.8) 2.1 General Expenses 22,456 18.0 23,475 18.1 (4.3) 3.3 Income before Other Income Net 7,523 6.0 8,349 6.4 (9.9) (1.2) Other Income (Expenses) - Net 100 0.1 133 0.1 (24.4) (19.7) Operating Income 7,623 6.1 8,482 6.5 (10.1) (1.5) EBITDA 11,132 8.9 12,009 9.3 (7.3) 1.1 Inventories Accounts Payable Shareholders’ Cash
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 4 Key Results Every Day Low Prices (EDLP) | Availability: 3Q26 9M26 +260 bps Price perception vs 3Q25 18.1% Private Brands penetration +340 bps Total Availability vs 3Q25 +300 bps Price perception vs LY 17.9% Private Brands penetration +130 bps Var. in Private Brands penetration 18.7% Private Brands penetration -60 bps Variation in Private Brands penetration 18.5% Private Brands penetration -100 bps Variation in Private Brands penetration eCommerce acceleration: 3Q26 9M26 15.8% Net Sales growth 14.8% GMV growth 8.6% eCommerce GMV of total GMV 15.5% Net Sales growth 11.9% GMV growth 8.6% eCommerce GMV of total GMV 20.8% Store-fulfilled GMV growth 12.2% Marketplace GMV growth 83.8% Household Reach 20.5% Store-fulfilled GMV growth -3.0% Marketplace GMV growth ~1,500 Omnichannel stores 23.4% GMV growth 1.8% eCommerce share of Total GMV 23.7% GMV growth 27 bps Increase in Omni sales penetration Commerce solutions (Mexico): 27.6 million Active users 25.7% Revenue growth vs. 3Q25 17.1% Active users growth vs 3Q25 37.4% Revenue growth vs. 9M25 Note: Active users refer to users with at least one transaction in the last 6 months, including economic transactions (sales to distributors). Includes Home Broadband and MiFi lines. Connect Campaigns of the largest advertisers without Marketplace. 2.3 million Health programs sold 37% Health Program growth 6.6 million Health programs sold 64% Health Program growth 46 million Active customers Active Customer: A valued customer who has provided their phone number at checkout (via POS and/or self-checkout, and eCommerce) at least once within the past 90 days. 3Q26 9M26 85% Credits disbursed growth 775k Credits disbursed in 3Q26 -4% Total Payment Volume growth 5% Increase in consolidated factoring income 9.7% Business sales growth 32.6% Campaigns growth 23.5% Business sales growth 28.8% Campaigns growth
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 5 Relevant events and ESG matters in 3Q26 Walmart de México y Centroamérica ranked #2 among Mexico’s 50 Most Sustainable Companies by Mundo Ejecutivo and #17 among Mexico’s Best ESG Companies by Expansión, recognizing its commitment to sustainability, responsible governance, and long-term value creation. Bodega Aurrera ranked #3 in Brand Finance México 50 2026, reinforcing its position as one of Mexico’s most valuable brands. Walmart de México y Centroamérica was included in Mundo Ejecutivo’s 333 Icons of Mexico, recognizing its contribution to the country’s economy, culture, and innovation. Company Description Walmex is a Retail Sector company whose shares are traded in the Mexican Stock Exchange since 1977. As of September 2026, it operated 4,346 units, broken down as follows: Openings 3Q26 Total Stores Walmex Format Units Format Units Format Units Format Units Bodega Aurrera 36 Discount Store 2 Bodega Aurrera 2,768 Discount Store 640 Bodega 4 Bodega 1 Bodega 645 Bodega 179 Mi Bodega 2 Supermarket - Mi Bodega 514 Supermarket 99 Bodega Aurrera Express 30 Walmart Supercenter - Bodega Aurrera Express 1,609 Walmart Supercenter 39 Walmart 3 Walmart 445 Walmart Supercenter 3 ¤ Walmart Supercenter 341 Walmart Express - Walmart Express 104 Sam's Club - Sam's Club 176 Total Mexico 39 Total Central America 3 Total Mexico 3,389 Total Central America 957
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 6 Installed Capacity Sales Area in m2 (September 30, 2026) Format Mexico Central America Bodegas and Discount Stores 3,330,032 530,659 Walmart 2,449,038 198,032 Sam’s Clubs 1,275,201 - Supermarkets 165,008 136,218 Total 7,219,279 864,909 Live Q&A session Walmart de México y Centroamérica will hold a live Q&A session on October 28th at 6:30 AM (Mexico City time) to discuss the company’s 3Q26 earnings results. To participate, please register at the following email: Maria.Fernanda.Reyes@walmart.com The presentation and transcript will be available both in English and in Spanish at our website. Ticker Symbols Mexican Stock Exchange: Bloomberg: Reuters: ADR’s sponsored program: Walmex Walmex* MM WMMVY US Walmex.Mx WMMVY.Pk WMMVY Websites Investor Relations: www.walmex.mx Corporate: www.walmartmexico.com Corporate YouTube: https://www.youtube.com/user/WalmartMexicoyCam Contact Investor Relations Corporate Communication Salvador Villaseñor (52-55) 5283-0289 salvador.villasenor@walmart.com Claudettee Uribe (52-56) 1222 - 4153 claudettee.a.uribe@walmart.com
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 7 Appendix 1: Quarterly Income Statement (million pesos)
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 8
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 9
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This document may contain certain references concerning Wal-Mart de México S.A.B. de C.V.’s future performance that should be considered as good faith estimates made by the Company. These references are a reflection of Managements’ expectations about the Company and are based upon currently available data. Actual results are always subject to future events, risks and uncertainties, which could materially impact the Company’s actual performance. October 27, 2026 10