$GTMAY

GRUPO TMM SAB

CIK:0001163560|SEC Filings

Consolidated statements of profit or loss - MXN ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Consolidated statements of profit or loss [Abstract]
Revenues (Note 16)	$ 1,908,646	$ 1,753,576	$ 1,218,647
Costs and expenses:
Salaries, wages and employee benefits (Note 21)	331,714	314,931	274,954
Leases of properties and equipment (Note 9)	756,269	813,819	531,468
Operative and administrative services	286,352	256,048	217,596
Fuel, materials and supplies	87,219	99,473	81,827
Depreciation, amortization and loss from revaluation	104,733	95,231	125,122
Other costs, expenses and income, net (Note 17)	41,463	(38,600)	(49,011)
Total costs and expenses	1,607,750	1,540,902	1,181,956
Profit before other income	300,896	212,674	36,691
Financing cost:
Interest income	5,673	2,272	2,049
Interest expense and other financial costs (Note 18)	(130,927)	(48,128)	(63,066)
Exchange gain (loss), net	135,861	(52,023)	19,584
Total comprehensive financing cost	10,607	(97,879)	(41,433)
Profit (loss) before taxes	311,503	114,795	(4,742)
Income tax (expense) benefit (Note 19)	(2,011)	0	20,200
Net income for the year	309,492	114,795	15,458
Attributable to:
Non-controlling interest	(220)	309	(4,733)
Controlling interest	$ 309,712	$ 114,486	$ 20,191
Earnings per share (Note 22)
Earnings per share for the year (in dollars per share)	$ 1.774	$ 0.656	$ 0.169
Weighted average number of shares for the year (in shares)	174,553,127	174,553,127	119,433,910

Consolidated statements of cash flows - MXN ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Profit (loss) before taxes	$ 311,503	$ 114,795	$ (4,742)
Non-cash adjustments:
Depreciation, amortization and loss from revaluation	104,733	95,231	125,122
Other amortizations	9,603	7,405	8,736
Gain from the disposal of operating equipment, net	0	(10,042)	0
Gain from the sale of subsidiaries	0	0	(3,676)
Interest expense	125,323	44,735	54,484
Interest income	(5,673)	(2,272)	(2,049)
Unrealized exchange (gain) loss, net	(127,687)	11,047	5,267
Gain on loss of control of subsidiaries	(204,443)	0	0
Impairment of materials and supplies	0	23,531	0
Write-off of projects	36,706	0	0
Changes in assets and liabilities:
Trade receivables	122,431	(389,088)	132,106
Other accounts receivable and related parties	116,375	156,906	70,994
Materials and supplies	3,652	(13,613)	7,756
Prepaid expenses	104,648	(18,949)	(28,844)
Other non-current assets	8,490	12,929	(20,514)
Restricted cash	(257,415)	1,665	394
Accounts payable and accrued expenses	(25,507)	208,998	(248,790)
Employee benefits	22,843	(2,708)	(7,262)
Total adjustments	34,079	125,775	93,724
Cash from operating activities	345,582	240,570	88,982
Cash from investing activities:
Proceeds from sale of operating equipment	263	13,165	0
Acquisition of operating equipment	(691,640)	(469,460)	(131,345)
Proceeds from the sale subsidiaries	0	0	10,000
Interest received	5,673	2,272	2,049
Cash used in investing activities	(685,704)	(454,023)	(119,296)
Cash flow from financing activities:
Share capital increase	0	0	151,978
Cash received from financial debt	835,446	412,349	28,068
Payments of debt to related parties	0	0	(18,584)
Payments of debt	(102,190)	(25,614)	(24,027)
Lease payments	(11,070)	(67,204)	(78,437)
Interest paid	(65,775)	(4,784)	(8,360)
Cash from financing activities	656,411	314,747	50,638
Exchange effect on cash	(28,800)	7,437	(16,678)
Increase in cash and cash equivalents	287,489	108,731	3,646
Cash and cash equivalents, beginning of year	207,110	98,379	94,733
Cash and cash equivalents, end of year	494,599	207,110	98,379
Supplementary information:
Income tax paid	$ 2,452	$ 8,674	$ 4,452

Consolidated statements of financial position - MXN ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current
Cash and cash equivalents (Note 5)	$ 494,599	$ 207,110
Restricted cash (Note 5)	257,415	0
Trade receivables, net (Note 6)	540,586	696,841
Other accounts receivable (Note 7)	148,841	210,841
Related parties (Note 13)	70,969	74,187
Materials and supplies	29,935	33,587
Prepaid expenses	59,001	163,649
Total current assets	1,601,346	1,386,215
Non-current
Other accounts receivable non-current (Note 7)	0	63,019
Property and operating equipment, net (Note 8)	2,732,539	2,271,299
Right-of-use assets, net (Note 9)	45,306	67,205
Intangible assets (Note 10)	152,857	156,458
Other non-current assets	75,368	47,716
Total non-current assets	3,006,070	2,605,697
Total assets	4,607,416	3,991,912
Short-term
Short-term portion of the financial debt (Note 12)	162,029	102,388
Trade payables	316,025	356,200
Accounts payable and accrued expenses (Note 14)	390,332	588,471
Related parties (Note 13)	192,045	172,409
Short-term leases liabilities (Note 9)	4,504	22,419
Total short-term liabilities	1,064,935	1,241,887
Long-term
Long-term portion of the financial debt (Note 12)	896,879	374,660
Long-term lease liabilities (Note 9)	41,701	60,183
Employee benefits (Note 21)	65,632	74,682
Deferred income tax (Note 19)	120,300	132,060
Total long-term liabilities	1,124,512	641,585
Total liabilities	2,189,447	1,883,472
Stockholders' equity (Note 15):
Share capital	2,368,711	2,368,711
Treasury shares	(46,805)	(46,805)
Accumulated results	(602,139)	(939,418)
Other components of equity	669,559	697,089
Controlling interest	2,389,326	2,079,577
Non-controlling interest	28,643	28,863
Total stockholders' equity	2,417,969	2,108,440
Total liabilities and stockholders' equity	$ 4,607,416	$ 3,991,912