Grupo Traxión (TRAXIONA) Q4 2025 earnings summary

Executive summary

• Completed the strategic acquisition and integration of Solistica, enhancing the asset-light profile and industry leadership.

• Achieved solid financial results in 2025, meeting guidance despite market challenges and cost pressures.

• Asset-light business now represents a majority of revenues, setting a new EBITDA margin standard of 16%.

• Sustainability efforts recognized with inclusion in S&P Global Sustainability Yearbook and improved ESG ratings.

Financial highlights

• Consolidated revenues for 4Q25 were Ps. 11,051 million, up 45.7% year-over-year; full-year revenue grew 16.0%.

• Operating cash flow more than doubled in the quarter and grew 33.3% year-over-year.

• Net income declined over 24% from 2024, mainly due to higher interest expenses and FX/tariff impacts.

• EBITDA for 4Q25 was Ps. 1,392 million, flat year-over-year; EBITDA margin contracted to 12.6%.

• CapEx for 4Q25 was Ps. 391 million; full-year CapEx was Ps. 2,349 million, aligned with investment plans.

Outlook and guidance

• 2026 guidance projects ~10% growth in both revenue and EBITDA, with CapEx of MXN 2.4 billion.

• EBITDA margin expected to stabilize at 16% due to asset-light revenue mix.

• Anticipates double-digit growth in the low teens for 2026, with market stabilization and client investment resuming.

• Planned CapEx for 2026 is approximately Ps. 2,400 million, focused on organic growth, fleet renewal, and technology.

• Cargo and mobility of personnel divisions expected to maintain margins near 18-19% and 26%, respectively.