
| o |
Recovery in Maritime operations compared with the previous quarter.
|
| o |
Consolidated revenue of Ps.272.7 million.
|
| o |
Operating income of Ps.27.8 million.
|
| o |
Higher activity expected in Maritime Infrastructure toward year-end, supported by increased scheduled shipyard utilization.
|
![]() |
“Our growth vision focuses on developing new revenue streams by leveraging Grupo TMM’s experience and assets in
sectors where we see opportunities for expansion.
Projects involving the maritime transportation of diverse cargo types, the development of port infrastructure and
the expansion of our service platform represent new opportunities to diversify our operations. Our goal is to build a more balanced business portfolio, with improved profitability and reduced revenue concentration, while maintaining
disciplined capital allocation.”
Vanessa Serrano Cuevas
Chief Executive Officer
|
| • |
Maritime – Recorded a recovery in activity levels and
operating results compared with the previous quarter, supported by the performance of specialized vessels and operational efficiencies.
|
| • |
Maritime Infrastructure – Activity was concentrated in
repairs of smaller-draft vessels and the rescheduling of previously planned services, which affected quarterly results.
|
| • |
Land Logistics – Maintained operational continuity and
expanded its commercial portfolio toward the end of the quarter through the addition of new customers.
|
|
Grupo TMM, S.A.B. and Subsidiaries
Balance Sheet*
- Millions of Pesos -
|
|
September 30,
|
December 31,
|
|||||||
|
2026
|
2025
|
|||||||
|
Cash and cash in banks available
|
416.2
|
494.6
|
||||||
|
Restricted cash
|
150.1
|
257.4
|
||||||
|
Total cash and cash equivalents
|
566.2
|
752.0
|
||||||
|
Accounts receivable – Net
|
571.3
|
540.6
|
||||||
|
Other accounts receivable
|
138.5
|
130.7
|
||||||
|
Taxes to be recovered
|
171.2
|
131.1
|
||||||
|
Prepaid expenses and others current assets
|
15.8
|
34.8
|
||||||
|
Total current assets
|
1,463.0
|
1,589.2
|
||||||
|
Property, machinery and, equipment
|
2,942.1
|
2,904.9
|
||||||
|
Cumulative Depreciation
|
(257.0
|
)
|
(185.4
|
)
|
||||
|
Property, machinery and, equipment – Net
|
2,685.2
|
2,719.5
|
||||||
|
Rights of use
|
44.0
|
45.3
|
||||||
|
Other assets
|
250.2
|
241.3
|
||||||
|
Total assets
|
4,442.3
|
4,595.3
|
||||||
|
Bank loans and current maturities of long-term liabilities
|
339.2
|
319.1
|
||||||
|
Leases short-term
|
5.2
|
4.5
|
||||||
|
Suppliers
|
310.9
|
328.5
|
||||||
|
Other accounts payable and accrued expenses
|
408.9
|
412.8
|
||||||
|
Total current liabilities
|
1,064.2
|
1,064.9
|
||||||
|
Bank loans
|
738.9
|
896.9
|
||||||
|
Leases long-term
|
39.1
|
41.7
|
||||||
|
Deferred taxes
|
120.3
|
120.3
|
||||||
|
Other long-term liabilities
|
65.7
|
65.6
|
||||||
|
Total long-term liabilities
|
964.0
|
1,124.5
|
||||||
|
Total liabilities
|
2,028.1
|
2,189.4
|
||||||
|
Total stockholders´ equity
|
2,414.2
|
2,405.8
|
||||||
|
Total liabilities and stockholders´ equity
|
4,442.3
|
4,595.3
|
||||||
|
Grupo TMM, S.A.B. and Subsidiaries
*Statement of Income
- Millions of Pesos -
|
|
Three months ended
|
Nine months ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
|
Maritime
|
233.3
|
382.3
|
642.2
|
1,134.1
|
||||||||||||
|
Inland Logistics
|
20.1
|
22.0
|
60.2
|
63.2
|
||||||||||||
|
Warehousing Services
|
-
|
26.1
|
-
|
56.8
|
||||||||||||
|
Maritime Infrastructure
|
19.4
|
138.1
|
122.2
|
276.7
|
||||||||||||
|
Revenue from freight and services
|
272.7
|
568.4
|
824.6
|
1,530.8
|
||||||||||||
|
Maritime
|
(166.2
|
)
|
(268.2
|
)
|
(463.7
|
)
|
(797.9
|
)
|
||||||||
|
Inland Logistics
|
(19.7
|
)
|
(21.7
|
)
|
(58.8
|
)
|
(59.2
|
)
|
||||||||
|
Warehousing Services
|
-
|
(34.6
|
)
|
-
|
(108.2
|
)
|
||||||||||
|
Maritime Infrastructure
|
(27.2
|
)
|
(90.2
|
)
|
(102.4
|
)
|
(180.9
|
)
|
||||||||
|
Cost of freight and services
|
(213.1
|
)
|
(414.7
|
)
|
(624.9
|
)
|
(1,146.2
|
)
|
||||||||
|
Maritime
|
(16.6
|
)
|
(19.2
|
)
|
(49.1
|
)
|
(52.2
|
)
|
||||||||
|
Inland Logistics
|
(2.4
|
)
|
1.8
|
(6.7
|
)
|
(6.1
|
)
|
|||||||||
|
Warehousing Services
|
-
|
(2.0
|
)
|
-
|
(6.1
|
)
|
||||||||||
|
Maritime Infrastructure
|
(8.2
|
)
|
(4.4
|
)
|
(21.0
|
)
|
(11.6
|
)
|
||||||||
|
Depreciation and amortization
|
(27.1
|
)
|
(23.8
|
)
|
(76.8
|
)
|
(76.0
|
)
|
||||||||
|
Maritime
|
50.5
|
94.9
|
129.3
|
284.0
|
||||||||||||
|
Inland Logistics
|
(1.9
|
)
|
2.1
|
(5.3
|
)
|
(2.2
|
)
|
|||||||||
|
Warehousing Services
|
-
|
(10.5
|
)
|
-
|
(57.5
|
)
|
||||||||||
|
Maritime Infrastructure
|
(16.0
|
)
|
43.5
|
(1.3
|
)
|
84.2
|
||||||||||
|
Results by business
|
32.6
|
130.0
|
122.8
|
308.6
|
||||||||||||
|
Corporate expenses
|
(23.1
|
)
|
(15.3
|
)
|
(59.9
|
)
|
(44.9
|
)
|
||||||||
|
Corporate depreciation and amortization
|
(2.5
|
)
|
(6.3
|
)
|
(7.4
|
)
|
(7.4
|
)
|
||||||||
|
Non-recurring (expenses) income
|
20.8
|
(0.4
|
)
|
24.2
|
(9.9
|
)
|
||||||||||
|
Operating (loss) gain
|
27.8
|
108.1
|
79.7
|
246.4
|
||||||||||||
|
Financial (expenses) income - Net
|
(17.7
|
)
|
(29.1
|
)
|
(54.6
|
)
|
(86.1
|
)
|
||||||||
|
Leases financial expenses
|
(1.6
|
)
|
(2.3
|
)
|
(4.7
|
)
|
(7.5
|
)
|
||||||||
|
Exchange gain (loss) - Net
|
(36.3
|
)
|
21.2
|
(9.4
|
)
|
107.3
|
||||||||||
|
Net financial cost
|
(55.6
|
)
|
(10.2
|
)
|
(68.7
|
)
|
13.7
|
|||||||||
|
(loss) gain before taxes
|
(27.8
|
)
|
97.8
|
11.0
|
260.1
|
|||||||||||
|
Provision for taxes
|
(0.1
|
)
|
0.0
|
(2.7
|
)
|
0.0
|
||||||||||
|
Net (loss) gain for the period
|
(27.9
|
)
|
97.8
|
8.3
|
260.1
|
|||||||||||
|
Attributable to:
|
||||||||||||||||
|
Minority interest
|
0.05
|
(0.04
|
)
|
0.01
|
(0.2
|
)
|
||||||||||
|
Equity holders of GTMM, S.A.B.
|
(27.9
|
)
|
97.9
|
8.3
|
260.3
|
|||||||||||
|
Weighted average outstanding shares (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
(0.16
|
)
|
0.56
|
0.05
|
1.49
|
|||||||||||
|
Outstanding shares at end of period (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
(0.16
|
)
|
0.56
|
0.05
|
1.49
|
|||||||||||
|
Grupo TMM, S.A.B. and subsidiaries
*Statement of Cash Flow
- Millions of Pesos -
|
|
Three months ended
|
Nine months ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
|
Net gain (loss) for the period
|
(27.9
|
)
|
97.8
|
8.3
|
260.1
|
|||||||||||
|
Depreciation & amortization
|
29.5
|
31.8
|
85.0
|
85.1
|
||||||||||||
|
Deferred taxes
|
-
|
-
|
-
|
(1.5
|
)
|
|||||||||||
|
Other non-cash items
|
51.1
|
3.6
|
73.5
|
(17.4
|
)
|
|||||||||||
|
Total non-cash items
|
80.7
|
35.4
|
158.5
|
66.1
|
||||||||||||
|
Changes in assets & liabilities
|
(167.8
|
)
|
(57.1
|
)
|
(97.1
|
)
|
(249.8
|
)
|
||||||||
|
Total adjustments
|
(87.1
|
)
|
(21.8
|
)
|
61.4
|
(183.6
|
)
|
|||||||||
|
Net cash provided by (used in) operating activities
|
(115.0
|
)
|
76.1
|
69.7
|
76.5
|
|||||||||||
|
Proceeds from sale of assets/interest received
|
5.1
|
1.6
|
16.1
|
3.3
|
||||||||||||
|
Payments for purchase of assets
|
(11.9
|
)
|
(6.1
|
)
|
(44.4
|
)
|
(655.0
|
)
|
||||||||
|
Net cash provided by (used in) investment activities
|
(6.7
|
)
|
(4.5
|
)
|
(28.2
|
)
|
(651.8
|
)
|
||||||||
|
Short-term borrowings (net)
|
(83.5
|
)
|
12.4
|
(138.9
|
)
|
(91.2
|
)
|
|||||||||
|
Repayment of leases
|
(2.7
|
)
|
(2.8
|
)
|
(8.1
|
)
|
(8.4
|
)
|
||||||||
|
Proceeds from (repayment of) long-term debt
|
(35.6
|
)
|
(30.6
|
)
|
(79.5
|
)
|
770.9
|
|||||||||
|
Net cash provided by (used in) financing activities
|
(121.8
|
)
|
(21.0
|
)
|
(226.5
|
)
|
671.3
|
|||||||||
|
Exchange effect on cash
|
5.00
|
(3.9
|
)
|
(0.8
|
)
|
(24.0
|
)
|
|||||||||
|
Net increase (decrease) in cash
|
(238.6
|
)
|
46.7
|
(185.8
|
)
|
72.0
|
||||||||||
|
Cash at beginning of period
|
804.8
|
232.5
|
752.0
|
207.1
|
||||||||||||
|
Cash at end of period
|
566.2
|
279.1
|
566.2
|
279.1
|
||||||||||||