El Puerto de Liverpool (LIVEPOLC) investor relations material

Executive summary

• Consolidated revenue was MXN 45.4 billion, flat year-over-year, with retail revenue down 1.9%, financial services up 11.6%, and real estate up 4.4%.

• Digital GMV in retail increased 12.4% year-over-year, with digital penetration reaching 31.4% at Liverpool and 7.8% at Suburbia.

• Same-store sales declined 2.5% at Liverpool and 3.1% at Suburbia, mainly due to lower traffic and operational disruptions.

• Net profit was MXN 1.9 billion, a 17.2% decrease year-over-year.

• Temporary factors included logistics ramp-up issues, security incidents in key regions, and a tough comparison base.

Financial highlights

• EBITDA was MXN 5.1 billion, down 6.2% year-over-year; EBITDA margin contracted 70 basis points to 11.3%.

• Retail gross margin reached 30.9%, up 70 basis points year-over-year, despite MXN 150 million in one-time logistics expenses.

• Consolidated gross margin improved 1.6 percentage points to 41.7%.

• Operating expenses rose 7.5%, mainly from higher personnel costs; non-recurring expenses of MXN 150 million were incurred for operational stability.

• CapEx was MXN 1 billion, down 55% from 2025, reflecting near completion of the Arco Norte Logistics Center.

Outlook and guidance

• Management expects operational momentum to gradually recover as temporary disruptions are resolved and corrective measures take effect.

• Optimism for upcoming seasonal events and promotional periods, with internal issues largely behind.

• Too early to reassess full-year guidance; key commercial periods remain ahead.