Note 8 — Borrowings

On April 7, 2026, the Company entered into a MXN 3,805.5 million syndicated credit agreement to fund the cash portion of the Tupperware Acquisition. The facility matures on April 7, 2031, provides a 24-month principal grace period and bears interest at TIIEF plus an applicable margin determined by the contractual leverage ratio.

At June 30, 2026, debt and borrowings were MXN 7,303,078 thousand, comprising MXN 886,742 thousand classified as current and MXN 6,416,336 thousand classified as non-current. The syndicated facility requires a leverage ratio not greater than 3.00x, a debt service coverage ratio of at least 1.25x and a Consolidated EBITDA and Consolidated Total Assets of the Joint Obligors and the Borrower, on an aggregate basis, must represent at least 90% (ninety percent) of the Consolidated EBITDA and Consolidated Total Assets. Management reports that the Group was in compliance with the applicable covenants at June 30, 2026.

The difference between the reported leverage ratio and its maximum was 1.26 times; the difference between the reported debt-service coverage ratio and its minimum was 2.05 times. These arithmetic margins relate to the reported covenant calculations at the reporting date and are not a forecast of future compliance.

As of June 30, 2026, the syndicated credit facility had an outstanding principal balance of MXN 3,805.5 million. The facility provides for a 24-month grace period for principal repayments, with the first principal installment due on June 30, 2028. The contractual maturities of the outstanding principal are summarized below:

Directly attributable financing costs are deducted from the related borrowing and recognized in finance costs using the effective interest method. Their presentation and the related cash payments are separate from acquisition-related costs. See Note 14.