Grupo Traxión, S.A.B. de C.V.

Greetings and welcome to , fourth quarter 25 and 2025 conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being recorded. I will now turn the conference over to Abby Lashane, Executive President And co-founder, thank you. You may begin.

Thank you. Welcome, everyone. There are many positive matters to discuss despite the challenging and complex year that ended. Perhaps the most important milestone of the year is the acquisition of Solistica. This is a tremendously accreted transaction that has transformed the asset-light profile of the company and is also remarkably strategic as we set even higher the barriers of entry to the logistics and transportation sector in Mexico. and traction further emphasizes its leadership in the industry. The integration was fully completed within 2025, and synergy started to become apparent in operations, finance, and most importantly, in the commercial front. Moreover, as you know, we took debt to pay for the acquisition, which has proven to be effective as our leverage ratio ended the year exactly at the same level it was just before the transaction took place. that we were able to create additional value as we integrated such a successful company into our platform. Just to put some context, this is exactly the level at which we invest for organic growth below four times EBITDA. In summary, we bought a large successful company which has proven to be a perfect fit, perhaps the best in our history. Moving on, we achieved our guidance figures and did so taking care of operating cash flows while maintaining a healthy leverage ratio well within our comfort zone. As usual, we released our guidance for 2026, which considers a growth of approximately 10% in both revenue and EBITDA, with a capex of around 2.4 billion pesos. This basically means two things. First, there is a small margin expansion implicit in those figures, which could lead to lower leverage. And second, while the absolute number of capex might seem high, It is not when we look at it as a percentage of revenue, which is a significantly lower figure compared to other years, especially 2023 and 2024. We are starting to see stabilization in our business, and many investment and expansion decisions that were on standby are materializing. We definitely see a better outlook this year compared to 2025. Nonetheless, we will be conservative and proceed with caution this year, reducing capex and preserving cash flows. Finally, please be advised that since the asset-like component will become increasingly more relevant in 2026, accounting for a majority portion of revenues, EBITDA margin should be around 16% moving forward. This is the new standard for our margin from now on. Even though this new level is lower compared to past years, there are also significantly lower CAPEX requirements to grow with a higher contribution to profitability. With that, I end my remarks today. I will now hand over to the others for a deeper dive in operating and financial matters.

Thank you, Avi. Good morning, everyone. I will now walk you through the most relevant operating details. The cargo division continued with disruptions in some circuits. Such phenomenon has been caused mainly by instability in the demand driven by peaks and valleys in both cross-border and regular services. This resulted in a 7.9% decrease in kilometer volume and 7.5% in revenue per kilometer. In the period, however, for 2025, we experienced an overall increase in revenue per kilometer with 8.2% less volume with some efficiency in costs. Moving on to mobility of people, we posted a smaller growth rate that was planned like that. As you know, for 2025, we decided to be more conservative towards expansion in this division. We carried out a plan to increase our clients' profitability And for the first time, there is a fleet renewal program in place in this segment. This basically means that we are increasing the asset utilization rate to reduce CAPEX requirements. All that resulted in a marginal growth in the average fleet, a reduction in kilometer volume, and a niche moderate single-digit growth in virtually all relevant metrics, despite the challenges and complexities we experienced throughout the year. Moreover, such efforts have started to pay off and we will see results as soon as the first quarter of this year. We continue to implement and upgrade our proprietary technologies, increase the utilization of artificial intelligence, and broaden several best practices guidelines that have resulted in a stronger commercial and human capital backbone. Finally, in the logistics and technology division, we experienced greater than usual revenue this quarter. Traction participated in the large vaccine distribution business in November and December, which generated more than 2 billion pesos of revenue in the period. Despite having a lower than usual margin, it was a profitable business because of its zero capex nature and is proof of the company's large operating capabilities and highly specialized service. As you can see, even though there were disruptions and challenges this year, Direction was able to deliver once again. Having said that, I will now hand over to Wolf.