Sigma Foods, S.a.b. De C.v. · BMV:SIGMAF/A
Sigma Foods, S.a.b. De C.v — Q4 2025 Earnings Presentation
20 slides from Sigma Foods, S.a.b. De C.v's earnings presentation, Feb 12, 2026
Slide 1: 4Q25 Earnings Presentation
4Q25 Earnings Presentation Public Information
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information based on numerous variables, expectations and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business deci
Slide 3: Note on changes to Sigma Foods’ Consolidated Financial Statements
Note on changes to Sigma Foods’ Consolidated Financial Statements On October 24, 2024, Sigma Foods’s shareholders approved the spin-off of Sigma Foods’s share ownership in Alpek into a newly listed entity, “Controladora Alpek.” Shares of Controladora Alpek were subsequently distributed to Sigma Food
Slide 4: 2025 Comparable EBITDA of US $1.0 B, in line with Guidance
2025 Comparable EBITDA of US $1.0 B, in line with Guidance Mexico United States ● Delivered all-time high quarterly revenues, supported ● Continued growing penetration of Hispanic brands in by selective price actions and volume growth mainstream channels, partially offsetting lower Volume in Nationa
Slide 5: Volume growth of 1% versus 4Q24, driven by Mexico
Volume growth of 1% versus 4Q24, driven by Mexico Volume SIGMA Volume SIGMA – Δ YoY Volume SIGMA - Δ QoQ (kTons) (kTons) (kTons) 454 458 1% -1% 432 443 458 454 463 1 -1 0 2 458 5 3 -10 1 4Q22 4Q23 4Q24 4Q25 4Q24 Mexico Europe U.S. Latam 4Q25 3Q25 Mexico Europe U.S. Latam 4Q25 5
Slide 6: Revenue growth driven by selective price actions, Volume, and a favorable currency translation
Revenue growth driven by selective price actions, Volume, and a favorable currency translation Revenues Sigma Foods Revenues SIGMA – Δ YoY Revenues SIGMA - Δ QoQ (US $ Million) (US $ Million) (US $ Million) +13% Sigma Foods Δ 2% 2,463 2,447 SIGMA 2 3 2,447 2,194 2,197 64 20 2,166 2,393 -38 11 1,995
Slide 7: Delivered record fourth-quarter EBITDA; meeting full-year guidance
Delivered record fourth-quarter EBITDA; meeting full-year guidance EBITDA Sigma Foods EBITDA SIGMA – Δ YoY EBITDA SIGMA - Δ QoQ (US $ Million) (US $ Million) (US $ Million) 28% 12% + - Sigma Foods Δ 284 284 284 SIGMA 2 -2 255 -1 1 12 229 222 -4 33 222 50 167 278 228 177 160 4Q22 4Q23 4Q24 4Q25 4Q24
Slide 8: EBITDA margins reflect temporary impact from higher costs for certain proteins
EBITDA margins reflect temporary impact from higher costs for certain proteins EBITDA Margin SIGMA EBITDA Margin By Region SIGMA (%) (%) 15.5 15.9 14.5 13.0 12.4 12.2 12.7 11.6 12.2 12.4 * 10.5 11.5 10.6 9.9 * 10.7 10.9 10.6 11.6 9.7 9.6 10.1 8.9 8.7 8.2 * 3.8 * 4.3 2.1 1.6 2024 2022 2023 2025 2Q23
Slide 9: Comparable EBITDA of US $284 million, driven by solid operational performance
Comparable EBITDA of US $284 million, driven by solid operational performance EBITDA Sigma Foods Extraordinary items Sigma Foods Comparable EBITDA Sigma Foods (US $ Million) (US $ Million) (US $ Million) + - Sigma Foods Δ SIGMA SIGMA EBITDA Margin 312 284 284 255 271 248 255 1Q25 2Q25 3Q25 4Q25 220
Slide 10: Strong financial position
Strong financial position Net Debt Sigma Foods Net Leverage Ratio Sigma Foods (US $ Million) (Net Debt/EBITDA) 2,687 2,709 2,705 2.7 2,596 2.6 2.6 2.5 1Q25 2Q25 3Q25 4Q25 1Q25 2Q25 3Q25 4Q25 Sigma Foods Sigma Foods 10
Slide 11: Stable Net Debt QoQ supported by solid operating performance
Stable Net Debt QoQ supported by solid operating performance Change in Net Debt - Δ QoQ (US $ Milions) 2,709 2,705 35 24 64 55 -278 -64 159 3Q25 EBITDA Net Working Capex Net Financial Taxes Dividends Other 4Q25 Capital Expenses
Slide 12: 2026 Sigma Foods Guidance
2026 Sigma Foods Guidance Volume Revenues Comparable EBITDA Capex (k ton) (US $ Million) (US $ Million) (US $ Million) 9,600 9,900 1,100 1,826 1,863 9,273 1,050 460 1,001 362 +2% +4% +7% +5% +10% +27% 2025 2026G 2025 2026G 2026G* 2025 2026G 2026G* 2025 2026G Neutral FX Specific FX Neutral FX Specifi
Slide 13: Corporate identity alignment initiatives in 4Q25
Corporate identity alignment initiatives in 4Q25 Legal Name & Ticker Logo Website Alfa S.A.B. de C.V. Sigma-Alimentos.com (BMV: ALFA A) Alfa.com.mx Sigma Foods S.A.B. de C.V. (BMV: SIGMAF A) SigmaFoods.com 13
Slide 14: Recent Developments
Recent Developments Growth Business Unit • Snack sales have grown 4x since 2023 • Continues driving growth and market expansion: − US: Achieved strong momentum with sales up 112% year-on-year − Europe: Market share record of 32% for plant-based Hot Dogs in Spain • Incursion to the U.S. offering its
Slide 15: Pork ham price in U.S. and Europe
Pork ham price in U.S. and Europe Pork Ham Prices in U.S. Pork Ham Prices in Europe US $/Lb Eur/Kg 1.3 4.0 1.2 1.1 3.5 1.0 0.9 3.0 0.8 0.7 0.6 2.5 0.5 0.4 2.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 2024 2025 45
Slide 16: Poultry raw materials in the U.S.
Poultry raw materials in the U.S. Turkey Breast - US $/Lb Turkey Thigh - US $/Lb 8.0 3.0 6.0 2.0 4.0 2.0 1.0 0.0 0.0 Jan Feb Mar May Jun Aug Sep Oct Dec Jan Feb Mar May Jun Aug Sep Oct Dec 2024 2025 2024 2025 Chicken (MSC) - US $/Lb Turkey (MST) - US $/Lb 0.5 1.0 0.8 0.4 0.6 0.3 0.4 0.2 0.2 0.0 Jan
Slide 17: Poultry raw materials in Europe
Poultry raw materials in Europe Chicken Filet Turkey Breast Eur / Kg Eur / Kg 6.5 9.5 9.0 6.0 8.5 8.0 5.5 7.5 7.0 5.0 6.5 6.0 4.5 5.5 4.0 5.0 4.5 3.5 4.0 3.5 3.0 3.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 2024 2025
Slide 18: U.S. Dairy Raw Materials
U.S. Dairy Raw Materials Milk Class III - $/cwt 30 25 20 15 10 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 Nonfat Dry Milk (NFDM) - US $/Lb 1.5 1.4 1.3 1.2 1.1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 48
Slide 19: Currency Exchange Rates – Monthly Average
Currency Exchange Rates – Monthly Average U.S. Dollar – MXN Peso U.S. Dollar - Euro 24 1.30 23 1.25 22 1.20 21 20 1.15 19 1.10 18 1.05 17 1.00 16 15 0.95 14 0.90 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025 2024 2025 49
Slide 20: Contact
Contact Hernán F. Lozano V.P. of Investor Relations & Corporate Communications IR@SigmaFoods.com Cesar Gomez, CFA, CAIA D.V.P. of Investor Relations IR@SigmaFoods.com Carolina Alvear V.P. of Corporate Communications Communications@SigmaFoods.com 20