#Mexico #financial results #EBITDA #San Pedro Garza García #Sigma Foods

Sigma Foods Reports Impressive 2Q26 Results

Sigma Foods, S.A.B. de C.V., listed on the Mexican Stock Exchange under the ticker SIGMAFA, has disclosed its unaudited financial results for the second quarter of 2026, showcasing a robust performance reflected in its EBITDA figures. The company reported a remarkable EBITDA of $296 million, with notable increases in volume, revenue, and comparable EBITDA year-on-year. This growth not only highlights the strength of Sigma Foods as a global food company but also underscores its commitment to operational excellence and strategic goals.

Key Highlights of 2Q26

During the second quarter, Sigma Foods achieved remarkable milestones including:

• - A 1% increase in total volume and a 6% rise in revenues compared to the same period last year.
• - A 17% increase in comparable EBITDA, totaling $288 million for the quarter.
• - Increases in revenues across every major region, notably driven by significant growth in Mexico, where local currency EBITDA rose 25%.
• - A strong boost from various retail channels, including dairy and packaged meat brands, contributing to operational growth.

The company successfully paid its first dividend installment of $76 million as approved by shareholders, affirming its financial stability and intent to return value to investors.

Performance by Region

Mexico

Sigma's operations in Mexico demonstrated impressive growth with:

• - A 2% increase in volume, contributing to heightened revenue, which saw a 15% rise.
• - EBITDA increased by 25%, achieving $199 million, reflecting the operational efficiencies initiated in prior quarters.

This remarkable growth can be attributed to successful marketing strategies and improved price-cost alignment that enhanced profitability.

Europe

In Europe, Sigma experienced its best second-quarter EBITDA performance in five years:

• - 8% growth in comparable EBITDA is a significant achievement, emphasizing the region's recovery plans and operational improvements.
• - The firm has also made strides in its capacity recovery plan, enhancing bacon production lines and progressing with the construction of a new plant in Valencia, Spain.

United States

In the United States, Sigma recorded:

• - An EBITDA of $52 million, which is an improvement of 12% from the previous quarter, primarily due to seasonal demand.
• - The strategic acquisition of Roger Wood Foods, a leading smoked sausage company in the U.S. Southeast, which positions Sigma better in the competitive dinner sausage market.

Latin America

In Latin America, Sigma noted:

• - Year-on-year increases in volume (2%), revenue (7%), and EBITDA (29%), marking the fourth consecutive quarter of sequential EBITDA growth.

CEO Statement

CEO Rodrigo Fernández remarked on the company’s achievements, stating, "We delivered another strong quarter, maintaining positive momentum in operational results and focusing on strategic priorities. Every region contributed positively to our growth, showcasing the strength of our diversified business model."

Fernández further emphasized Sigma Foods' focus on enhancing shareholder value through disciplined capital management, which included $99 million in capital expenditures for essential growth initiatives. The commitment to engage with investors has also expanded Sigma's analyst coverage, allowing broader insights into its operational strategy.

Looking Forward

As Sigma Foods looks ahead to the second half of 2026, the company is optimistic about achieving its EBITDA guidance of $1.1 billion. The ongoing focus on growth opportunities, particularly in the U.S. dinner sausage market and recovery in Europe, will be pivotal in driving future success. The proactive focus on operational efficiency and market expansion allows Sigma Foods to maintain an advantageous position in the global food sector.

In conclusion, Sigma Foods has set a solid foundation for continued growth, driven by a commitment to innovation, operational excellence, and strategic acquisitions. As they advance with purpose through this year, the company remains dedicated to achieving its targets and further solidifying its status as a leading global food company.