Grupo Bimbo, S.A.B. de C.V.

Good day and welcome to the group of Bimbo second quarter 2026 results and conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Alejandro Rodríguez Bas, CEO of Grupo Bimbo. Please go ahead.

Good afternoon, everyone, and thank you for joining us today.

With me on the call are our Chief Financial Officer, Diego Gaxiola, and the President of Bimbo USA, Greg Koehrsen, together with several members of our finance team. Before turning into the numbers, I would like to express our deepest solidarity with the people of Venezuela and all those affected by the recent earthquakes, including members of our Bimbo family. Our hearts go to everyone affected by this tragedy. To our alliance with Save the Children, we are helping channel humanitarian aid to the affected communities and we have launched a campaign We encourage anyone who wishes to contribute to do so through this initiative. Grupo Bimbo will match contributions up to $1 million to help extend the reach of this support. To all our friends and colleagues in Venezuela, we stand with you and we will continue supporting you through the recovery process. I also want to extend my heartfelt appreciation to our more than 152,000 associates across the globe. Their dedication, their passion for our brands, and their day-to-day commitment serving consumers are what continue to power the growth of this company. These results belong to them. Now, turning into the results, we carried our momentum forward this quarter, delivering solid net sales growth on a current neutral basis and further expansion of our adjusted EBDA margin reaching 14.4%. What is most exciting is the quality of this growth. Even against demanding backdrop in some of our markets, both price mix and volumes moved in the right direction. Growth and margin expansion were led by our two largest markets, North America and Mexico, with EAA also delivering strong contribution. North America continued to build on its own recovery, posting a second consecutive quarter This sustained return to year-over-year growth confirms that the region is improving even as consumers remain under pressure, supported by a strong revenue growth, management strategy, and sharper execution. Perhaps the most encouraging data point this quarter is that we have gained market share across every category in the U.S. This is particularly noteworthy, given that several industry categories continue to face volume pressure. The fact that we're gaining share across all categories, and in most cases growing sales, highlights the effectiveness of our commercial execution, innovation pipeline, and revenue growth management strategy. Combined with a double-digit EBDA margin and another quarter of margin expansion, These results clearly demonstrate that our transformation initiatives are delivering tangible and sustainable benefits and are resonating with consumers. Mexico delivered another standout quarter, showing that we can keep growing profitably even as consumers tighten their spending. The momentum was broad-based across nearly every category and channel. Underpinned by the best-in-class service levels, discipline execution, and the enduring power of our brands. Results in both North America and Mexico were in part supported by incremental consumption associated with the World Cup. EAA continued to shine. Growth was broad-based across the region, with nearly every organization growing local currency despite a top comparison base complemented by the contribution of the Dondon and Bonell acquisitions. It is worth noting that this will be the last quarter in which Dondon generates an inorganic effect on our numbers, as we acquired in May of 2025. Latin America delivered mixed results. Net sales grew in local currencies, and profitability held up well across nearly every country. The one exemption was Brazil, which, as we anticipated, is still reflecting the effect of the Wikibold integration process. The related efficiencies will take time to fully materialize. Looking ahead, we remain mindful of the volatility and uncertainty in the global environment, including ongoing geopolitical tensions. That said, we have strong conviction in the resilience of our businesses. In the strength of our people and in the effectiveness of our strategy, we are well positioned to navigate this environment and to continue delivering strong, consistent and sustainable results for our shareholders. With that, let me turn the call over to Diego, who will walk you through the financial details. Diego, over to you.