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Total Play Announces Strong Q1 2026 Results

Total Play Telecomunicaciones, S.A.P.I. de C.V., one of Mexico's leading telecommunications providers, has revealed impressive financial results for the first quarter of 2026. The company reported a total revenue of Ps.11,177 million, reflecting a 3% increase from the same period last year, and an EBITDA of Ps.4,849 million, demonstrating remarkable growth despite a competitive market.

Growth Drivers

Eduardo Kuri, the CEO of Total Play, attributed the company's strong performance to the rising demand for their advanced internet services, which offer superior stability and speed. In the first quarter alone, Total Play added 115,020 subscribers to its Residential segment, leading to increased service revenues. This growth in subscriber numbers brings the total residential subscribers to 5,554,374, which includes 67,856 small and medium-sized enterprises.

The company has maintained a careful capital expenditure (Capex) strategy, which constituted only 22% of the total revenue. This prudent management has allowed it to reduce interest payments significantly and lower its overall debt, enhancing its financial health. Specifically, Total Play achieved a remarkable 51% increase in cash generation, recording EBITDA less Capex and interest payments at a record high of Ps.883 million.

Debt Reduction Initiatives

In terms of its financial obligations, Total Play has proactively begun amortizing debt related to its Senior Secured Notes due 2028 and has already paid down US$15 million in principal for this period. A further US$56 million was settled from the previously due Senior Notes. Overall, the company's debt with cost decreased by 9%, underscoring its commitment to strengthening its balance sheet and enhancing its capital structure.

Kuri summarized the improved financial standings, stating that in addition to reduced debt levels, Total Play has also achieved a 30% decrease in lease liabilities and a 22% reduction in trade payables.

Financial Overview

For the quarter ending on March 31, 2026, Total Play's financial results were characterized by:

• - Revenue: Ps.11,177 million, an increase from Ps.10,843 million from Q1 2025.
• - EBITDA: Ps.4,849 million, down from Ps.5,082 million in the previous year—a slight decline attributed to increased operating expenses.
• - Operating profit: Declined to Ps.301 million from Ps.763 million year-over-year, affected by escalating general expenses and cost structures.
• - Net Loss: A reduced loss of Ps.1,327 million compared to a loss of Ps.1,961 million during the same period last year.

While the total costs and expenses rose to Ps.6,328 million due to a 10% increase across all areas, the company remains optimistic about future growth amid ongoing operational enhancements and service expansions. The Residential segment alone saw revenues climb to Ps.9,848 million, spurred by a 4% increase in the overall number of subscribers.

Future Outlook

Looking ahead, Total Play is well-positioned to leverage its growing subscriber base and advanced fiber optic network, which, as of this quarter, reached 19.5 million homes across Mexico. Although penetration rates slightly dipped to 28.5%, the company believes this reflects ongoing growth potential, particularly in the enterprise segment, where revenues increased by 4% to Ps.1,329 million from the previous year.

Significantly, the average revenue per user (ARPU) fell to Ps.588, down from Ps.597 a year prior, indicating a shift towards more double-play subscribers rather than triple-play, likely impacting revenue generation dynamics.

Overall, Total Play's optimistic results reflect its strategic initiatives in enhancing customer satisfaction, operational efficiency, and a decisive move towards reducing debt, placing the company in a strong position to capitalize on future opportunities in the telecommunications landscape in Mexico.

For more information, check their official platform at Total Play.