Megacable Hldgs Sab De Cv Cert Part Ord Cons Of 2 A · BMV:MEGA/CPO
Megacable Hldgs Sab De Cv Cert Part Ord Cons Of 2 A — Megacable Holdings — Q4 2025 Earnings Presentation
15 slides from Megacable Hldgs Sab De Cv Cert Part Ord Cons Of 2 A's earnings presentation, Feb 20, 2026
Slide 1: 4Q25 Earnings Conference Call
Megacable Holdings S.A.B. de C.V. 4Q25 Earnings Conference Call
Slide 2: 4Q25 Highlights
4Q25 Highlights QUARTERLY MILESTONES • Historical Performance in the Mass Market : Achieved Ps. 7.8 billion of revenue– our highest VISION figure ever, +10.3% YoY. • Sustained Subscriber Growth: 107k unique net Network Fiber deployment adds this quarter; +451k YoY (+8.2%), in line with modernization
Slide 3: Operative Results
Operative Results oo ~~
Slide 4: Operative Highlights
Operative Highlights As a leading fiber connectivity company, • Sustained subscriber growth: across new and expansion areas, translating into consistent Megacable operates revenue increases. with 84% of our infrastructure in fiber • On track with growth objectives: maintaining a steady pace of 100–1
Slide 5: Mass Market
Mass Market Unique Subscribers RGUs (Figures in thousands) (Figures in thousands) +8% +8% 5,971 14,974 5,520 13,928 4Q24 4Q25 4Q24 4Q25 • +451k net adds when compared to 4Q24 • +107k new subscribers at the quarter-end • +1 million net adds compared to 4Q24 • Subscriber growth in both organic and • +
Slide 6: Operative Results – Subscribers & Net Adds
Operative Results – Subscribers & Net Adds Internet Telephony Mobile services (Figures in thousands) (Figures in thousands) (Figures in thousands) +9% +8% +23% 5,806 5,139 679 5,312 4,767 554 4Q24 4Q25 4Q24 4Q25 4Q24 4Q25 • +494k net adds when • +372k net adds when • +125k net adds when compared ann
Slide 7: Operative Results – Subscribers & Net Adds
Operative Results – Subscribers & Net Adds Video Content Xview Subscribers (Figures in thousands) (Figures in thousands) +5% +8% 3,732 151 3,463 3,849 3,878 4Q24 4Q25 4Q24 4Q25 Video Apps • +180k net adds when • +269k net adds when compared to 4Q24 compared to 4Q24 • 4Q25 Includes 151k app • +52k ne
Slide 8: ARPU & Churn
ARPU & Churn Churn RATE ARPU MXN 2.7% 0% 2.5% 2.3% 2.3% 2.1% 439.8 2.5% 2.5% 2.7% 2.6% 438.5 1.9% 436.4 436.8 2.2% 2.3% 1.7% 2.1% 2.0% 433.4 4Q24 1Q25 2Q25 3Q25 4Q25 Internet Telephony Video 4Q24 1Q25 2Q25 3Q25 4Q25 • Mixed performance mainly driven by • ARPU increased to 439.8 pesos, price adjusmen
Slide 9: Financial Results
Financial Results 9
Slide 10: Quarterly Financial Information
Quarterly Financial Information Revenues EBITDA Net Income (Figures in millions) (Figures in millions) (Figures in millions) +8% +15.3% +74% 3,984 4,053 3,954 3,946 49.0% 768 723 721 8,700 8,921 9,202 628 8,505 8,607 47.0% 15% 15% 17% 16% 15% 46.3% 45.4% 45.0% 414 3,516 44.2% 44.0% 43.0% 83% 84% 85%
Slide 11: Leverage
Leverage Net Debt (Figures in millions) -2% Solid Leverage Position 23,446 • Sequential reduction in net debt driven by continued operating cash flow generation 21,908 22,292 • Leverage ratio stands at 1.35x, 21,457 maintaining its position as a benchmark 21,076 for stability in the sector 1.56 • 10
Slide 12: CAPEX
CAPEX Quarterly CAPEX (Figures in millions) +4% Disciplined Capital Allocation 3,000 2,592 70.0% • Marked slowdown CAPEX stood at 28.2% 2,483 2,500 2,308 2,377 60.0% of revenue, a sequential decrease from 1,910 50.0% 29.2% in 4Q24. 2,000 40.0% • Guidance achieved: Annual target reached 1,500 with to
Slide 13: Free Cash Flow
Free Cash Flow 2,500 EBITDA - CAPEX 30.0% (Figures in millions) 2,043 2,000 25.0% 1,676 1,569 1,461 20.0% 1,500 1,326 1,033 15.0% 1,000 858 824 10.0% 500 5.0% - 0.0% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 -500 -5.0% -1,000 -596 -10.0% EBITDA - CAPEX % Revenue Strong Cash Generation Focus • Our
Slide 14: Q&A
Q&A 14
Slide 15: CONTACT
CONTACT Esaú Gallegos investor.relations@megacable.com.mx Phone: (+52) 33 3750 0020 ext. 61091 15