Grupo Traxión, S.A.B. de C.V.

Greetings. Welcome to Grupo Traxión 2Q26 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 this conference is being recorded. I will now turn the conference over to Aby Lijtszain, Executive President. Thank you. You may begin.

Thank you. Good morning everyone. As you've seen in our results, the second quarter once again demonstrated something that has defined Traxión throughout its history. The resilience of our business model. Despite one of the most challenging trade markets in recent years, we continue to deliver solid results, generate strong cash flow, and make meaningful strategic progress. A weak trade market, volatile fuel prices, and heightened geopolitical uncertainty created significant headwinds for the transportation industry, particularly for asset-based businesses. That resilience comes from the diversification we have built over the years. While our cargo business continued to operate in a soft-trade market, our logistics division delivered healthy growth and profitability, and our mobility of people business remained stable. Together, these three business segments allowed us to perform well despite a very complex macroeconomic environment. Over the past several years, we have deliberately transformed Traxión from a transportation company into an integrated logistics and mobility platform. That transformation is making our business more diversified and resilient. There are three reasons why we remain confident about Traxión's future. First, the integration of Solistica continues to exceed our expectations and is accelerating our transformation into Mexico's leading integrated logistics platform. Second, after an extended downturn, we are beginning to see the first encouraging signs of recovery in the freight market. Third, we are using the start of the cycle to fundamentally improve our efficiency, positioning Traxión to emerge stronger when the market fully recovers. Starting with Solistica, the integration has progressed exceptionally well. Beyond the expected operational synergies, we have developed significant commercial opportunities by combining the strengths of both organizations. Together, our commercial teams have built a sales pipeline of approximately 1 billion pesos above our original budget, which we expect to execute over the next 12 months. During the quarter, our revenue mix continued to evolve. Logistics increased its contribution to consolidated revenues, while cargo revenues declined, reflecting lower freight rates, softer volumes, and the migration of selected customer volumes to our Traxporta platform. Rather than waiting for the market to recover, we decided to launch a comprehensive reorganization program aimed at making the business leaner, more efficient, and better positioned for the next phase of the cycle. This program includes optimizing our asset base, streamlining our organizational structure, reducing capital expenditures by approximately 500 million pesos, and leveraging our TraxProper platform to improve capital efficiency. Aby Lijtszain Chernizky, Aby Lijtszain Chernizky, Aby Lijtszain Chernizky, Aby Lijtszain Chernizky, and demand has strengthened toward the end of the quarter. While we remain prudent, these early indicators reinforce our confidence that market conditions are gradually improving. Volatility in fuel prices continue to have an adverse effect on our asset-based business lines during the quarter. However, our contractual fuel pass-through mechanisms have already been triggered. As you can see, we have been very active. Rather than simply navigating a difficult market, we have used this period to transform the company Thank you for your continued confidence in Traxion. With that, let me turn the call over to Rodolfo, who will review our operating results in greater detail.

Thanks, Aby. Good morning, everyone, and thank you for joining us today. One of my key messages this morning is that we are seeing a much more normalized logistics environment. During the second quarter, revenue from our logistics and technology segment increased by more than 124% year over year. This performance was primarily driven by the integration of Solistica, as well as a solid recovery across the business. Growth was supported by a commercial pipeline that significantly exceeded our expectations. Continued operational efficiencies and strong demand in both contract logistics and transporta. As a result, EBITDA nearly doubled, reaching a margin of 8.0%, which is above the level we had anticipated when we completed this holistic acquisition. Turning to our cargo division, revenue declined year over year, primarily due to an atypical demand environment that continued to pressure pricing. In addition, Part of the reduction reflects the strategic migration of certain operations from our asset-based business to Traxporta, our asset-like platform. The corresponding revenues are now recognized within the logistics and technology segment following the organizational changes implemented during the quarter. That said, we are encouraged by the early signs of recovery across the cargo market. For the first time in the last four quarters, we are beginning to see more favorable industry dynamics. June shows sequential improvement compared to both April and May. Pricing has started to recover in selected lanes, while volumes and customer demand are becoming increasingly consistent. Based on these trends, we remain optimistic about improved operating and financial performance during the second half of the year. Finally, our Mobility of People division delivered 6% revenue growth, driven by targeted opportunities. During the quarter, we also advanced the refurbishment of approximately 400 buses. If we expect to deploy into operation during the second half of the year. Overall, I believe our results provide a clear picture of the progress we have made across our operations. We are also seeing encouraging signs from our customer base with some clients returning to historical operating levels while others are resuming investment in operational decisions that have been deferred over the past year. While we continue to navigate a challenging macroeconomic and political environment, we are encouraged by the gradual normalization taking place across our markets. Despite the continued headwinds affecting our cargo operations, we believe the company delivered a solid set of results this quarter. We are also well positioned for continued improvement. With that, I will conclude my remarks. Thank you for your attention. I will now turn the call over to Wolf.