Sociedad Matriz SAAM (SMSAAM) investor relations material

Executive summary

• Revenue reached US$632 million in 2025, up 9% year-over-year, with EBITDA at US$217 million, up 15% from 2024, and net income at US$80.4 million, a 36% increase year-over-year.

• Achieved record revenue and net income in 2025, driven by resilient activity, improved service mix, and operational efficiencies across business segments.

• Towage and Air Logistics segments were key contributors to growth, with Towage revenue surpassing US$500 million and Air Logistics exceeding US$100 million.

• Leadership changes: Hernán Gómez appointed as CEO and Macario Valdés joined the board; management and board changes took effect in February 2026.

• Reaffirmed AA credit rating with stable outlook.

Financial highlights

• Consolidated revenue for 2025 was US$631.8 million, a 9% increase year-over-year; quarterly revenue for 4Q25 was US$169.2 million, up 12% from 4Q24.

• Annual EBITDA reached US$216.9 million, up 15% from 2024, with EBITDA margin improving to 34.3%.

• Net income attributable to controlling interest was US$80.4 million, up 36% year-over-year.

• Cash and cash equivalents at year-end were US$535.3 million, up US$48.5 million from 2024.

• Total assets increased by US$78.4 million (+4%) to US$1.86 billion; equity stable at US$1.14 billion.

Outlook and guidance

• Diversification strategy provides resilience amid global and regional volatility.

• Investment plan of approximately US$100 million focused on new towboats, vessel maintenance, infrastructure, and sustainability.

• Positioned to begin a new strategic cycle with plans for further global expansion.

• Focus remains on sustainability, operational efficiency, and customer-centric service.

• Continued focus on organic and inorganic growth, efficiency improvements, and fleet renewal.