Megacable Holdings

With us this morning we have Mr. Enrique Yamuni, CEO, Mr. Raymundo Fernandez, Deputy CEO, and Mr. Luis Zetter, CFO. Let me remind you that the information discussed in today's earnings call may include forward-looking statements on the company's future financial performance and prospects, which are subject to risks and uncertainties. Megacable undertakes no obligation to update or revise any forward-looking statement. I will now turn the call over to Mr. Enrique Yamuni. Sir, you may begin.

Good morning, everyone, and thank you for joining us today. It is a pleasure to present another quarter of strong performance for Megacable. As we have discussed over the past several quarters, the company has largely completed its network expansion and investment cycle, building one of the most advanced telecommunications infrastructures in Mexico. That investment has translated into a network with the capacity, quality, and convergence to sustain steady growth in the coming years. We are now entering a new phase in Megacable's evolution. After several years of significant investment, our priority is no longer pursuing scale as the primary objective. Instead, we are focused on extracting greater value from the infrastructure we have built by improving operational efficiency, attracting and retaining higher quality customers, and driving profitable, sustainable growth. This means placing greater emphasis on customer lifetime value, margin expansion, and cash generation while maintaining a disciplined approach to subscriber growth. We believe that a more balanced approach between growth, profitability, and customer value ultimately leads to a healthier and more resilient business. The pace of subscriber growth has slowed, reflecting a more selective We are increasingly focused on attracting and retaining customers who generate sustainable growth, long-term value while becoming more disciplined in promotional activity and commercial spending. We believe this approach supports healthy growth, stronger margins, and improved long-term returns. This progress is most clearly reflected in our profitability. EBITDA grew faster than revenue, reaching the highest level in the company's history, while the margin expanded both sequentially and year over year. Importantly, this outcome is consistent with the trajectory we outlined last quarter. Additionally, net income continued to rise The efficiency gains we are seeing are not limited to our commercial operations. They are also becoming increasingly visible across the organization. We are simplifying processes, raising productivity standards, Investing in automation and gradually incorporating artificial intelligence and digital tools into our operations. At the same time, we continue to focus on attracting, developing and retaining high performance talents. These initiatives are helping us create a leaner and more agile organization, supporting sustained margin expansion while improving the quality of service we deliver to our customers. From a financial perspective, we believe Megacali is entering one of the strongest positions in its history, with a moderated investment profile, growing EBITDA generation, and a disciplined approach to leverage we expect our financial flexibility to continue improving over time. During the quarter, a small portion of our debt matured, however, we maintained leverage in a level much better than the range we consider appropriate for the company, combined with a lighter investment profile and continued EBITDA growth. This provides us with significant flexibility in how we allocate capital going forward. Our priority remains balancing investments that support future growth with actions that enhance shareholder value, while continuing to improve our cash flow generation Leverage Profile, and overall financial strength. This focus extends beyond the residential market. Our enterprise businesses also continue to move in the right direction, delivering sustained growth during the quarter and more stable performance throughout the year. These results reinforce our view that the repositioning of the business towards integrated solutions for enterprise customers is gaining traction. In summary, the third quarter reflects the early results of an important transition for megacables, where evolving from a period defined by investment and expansion into one increasingly characterized by efficiency, profitability, The infrastructure is in place, our competitive position is strong, and our financial profile is becoming increasingly resilient. We believe the foundations for the next stage of value creation are firmly established, and our focus is now on disciplined execution. We remain confident in the opportunities ahead in our ability to capitalize on them. I will now hand the call over to Raymundo who will walk you through our operating performance. Raymundo, go ahead, please.

Thank you, Enrique. Good morning to all of you. As Enrique mentioned, this quarter marks a transition in our strategy toward a face centered on efficiency, productivity and profitability. With most of our investment cycle now behind us, we are well positioned to capture the benefits of our infrastructure transformation and convert them into sustainable value creation for shareholders. Starting with the internet, we added 60,000 subscribers during the quarter and in September