Gruma Sab De Cv Class B · BMV:GRUMA/B
Gruma Sab De Cv Class B — Q4 2025 Earnings Presentation
13 slides from Gruma Sab De Cv Class B's earnings presentation, Feb 19, 2026
Slide 1: Earnings Release Fourth Quarter 2025
EARNINGS RELEASE FOURTH QUARTER 2025
Slide 2: Fourth Quarter 2025 Results Highlights
4Q25 Results Investor Relations FOURTH QUARTER 2025 RESULTS ir@gruma.com Tel: 52 (81) 8399-3349 www.gruma.com San Pedro Garza García, N.L., México; February 18, 2026 During 2025, we were successful at reaching the desired levels of profitability by expanding margins in line with guidance, while miti
Slide 3: Consolidated Results of Operations
4Q25 Results CONSOLIDATED RESULTS OF OPERATIONS 4Q25 versus 4Q24 Sales volume remained flat at 1,096 thousand metric tons, driven by challenges in the U.S. mainly in the food service channel on the back of lackluster consumer sentiment, in line with trends observed in previous quarters. Volumes at a
Slide 4: Financial Position
4Q25 Results The fundamentals around GRUMA´s core business continue to show strong momentum, with the exception of consumer sentiment in the U.S.. As a result, higher revenues were unable to offset the increase in COGS, mainly due to temporary challenges in Mexico. We expect a better performance in
Slide 5: Debt Profile and Capital Expenditure Program
4Q25 Results Debt Profile GRUMA’s debt increased 2% or US$36 million to US$1.8 billion in connection with the strengthening of the peso against the U.S. dollar relative to the end of September. GRUMA´s Net Debt / EBITDA multiple rose to 1.3x. Approximately 67% of GRUMA’s debt was USD denominated. De
Slide 6: Subsidiary Results of Operations: GRUMA USA
4Q25 Results SUBSIDIARY RESULTS OF OPERATIONS 4Q25 versus 4Q24 GRUMA USA YoY Selected Income Statement Items (USD millions) 4Q25 % 4Q24 % VAR ($) VAR (%) GRUMA USA Sales Volume1 372 388 (16) (4) Corn flour, tortillas, and other Net Sales 818.1 100.0 863.1 100.0 (45) (5) Operating Income 125.0 15.3 1
Slide 7: GIMSA
4Q25 Results GIMSA YoY Selected Income Statement Items (USD millions) 4Q25 % 4Q24 % VAR ($) VAR (%) 1 2 GIMSA Sales Volume 554 554 (0) (0) Corn flour and other Net Sales 475.9 100.0 479.0 100.0 (3) (1) Operating Income 37.2 7.8 41.3 8.6 (4) (10) EBITDA 51.2 10.8 54.6 11.4 (3) (6) 1 Convenience trans
Slide 8: Gruma Europe
4Q25 Results Gruma Europe YoY Selected Income Statement Items (USD millions) 4Q25 % 4Q24 % VAR ($) VAR (%) GRUMA EUROPE Sales Volume1 108 106 1 1 Corn flour, tortillas, and other Net Sales 125.6 100.0 110.7 100.0 15 14 Operating Income 7.2 5.7 7.2 6.5 (0) (1) EBITDA 11.4 9.1 11.0 10.0 0 3 1 All sale
Slide 9: Gruma Asia and Oceania
4Q25 Results Gruma Asia and Oceania YoY Selected Income Statement Items (USD millions) 4Q25 % 4Q24 % VAR ($) VAR (%) GRUMA ASIA & OCEANIA Sales Volume1 27 26 1 3 Corn flour, tortillas, and other Net Sales 74.2 100.0 68.5 100.0 6 8 Operating Income 7.7 10.3 5.6 8.2 2 37 EBITDA 10.6 14.3 8.3 12.1 2 28
Slide 10: Other Subsidiaries and Eliminations
4Q25 Results Gruma Centroamérica YoY Selected Income Statement Items (USD millions) 4Q25 % 4Q24 % VAR ($) VAR (%) GRUMA CENTROAMÉRICA Sales Volume1 64 61 3 5 Corn flour and other Net Sales 102.4 100.0 100.5 100.0 2 2 Operating Income 19.2 18.7 15.1 15.1 4 27 EBITDA 21.7 21.2 17.3 17.2 4 26 1 All sal
Slide 11: Conference Call, Accounting Procedures, About Gruma
4Q25 Results CONFERENCE CALL The fourth quarter conference call will be held on Thursday, February 19th, 2026, at 11:30 am Eastern Time (10:30 am Monterrey Time). To access the call, please dial: domestic US +1 (877) 407-0784, international +1 (201) 689-8560. ACCOUNTING PROCEDURES The consolidated f
Slide 12: Income Statement
4Q25 Results Gruma, S.A.B. de C.V., and Subsidiaries YoY YTD Income Statement (USD millions) 4Q25 4Q24 VAR (%) 2025 2024 VAR (%) Net Sales 1,589.8 1,555.3 2 6,374.6 6,486.9 (2) Cost Of Sales 987.1 944.5 5 3,882.0 3,988.3 (3) Gross Profit 602.7 610.8 (1) 2,492.7 2,498.6 (0) Gross Margin (%) 37.9% 39.
Slide 13: Financial Highlights by Subsidiary
4Q25 Results Financial Highlights by Subsidiary1 YoY YTD Selected Income Statement Items (USD millions) 4Q25 % 4Q24 % VAR ($) VAR (%) 2025 % 2024 % VAR ($) VAR (%) 2 GRUMA USA Sales Volume 372 388 (16) (4) 1,535 1,576 (40) (3) Corn flour, tortillas, and other Net Sales 818.1 100.0 863.1 100.0 (45) (