#Mexico #EBITDA #San Pedro Garza García #Sigma Foods #first-quarter

Sigma Foods Achieves Record-Setting First Quarter in 2026

Sigma Foods, S.A.B. de C.V., commonly referred to as Sigma Foods, has disclosed impressive unaudited results for the first quarter of 2026 (1Q26), featuring a record high in both volume and revenues. The company, which is listed on the Mexican Stock Exchange under the ticker SIGMAFA, reported an EBITDA of $260 million, marking an 18% increase year-over-year (YoY) compared to the previous year’s first quarter.

Key Highlights

The first quarter of 2026 has proven to be a significant period for Sigma Foods, capitalizing on strong performances across its operational regions:

• - Mexico emerged as a powerhouse, achieving an all-time record in first-quarter volume (+2%), revenues (+24%), and EBITDA (+21%). This robust growth can largely be attributed to favorable performance within retail channels and the dairy category.
• - Europe also reported notable results, with quarterly revenues expanding 10% YoY. The EBITDA of $25 million for the quarter was the highest recorded for a first quarter since 2021, despite a slight decrease in revenues when measured in Euros.
• - In the United States, the company saw a 13% decline in EBITDA YoY, although this was accompanied by a promising increase of 2% from the previous quarter (4Q25). The growth of Hispanic brands helped mitigate the impact of a weaker performance in the packaged meats category.
• - Meanwhile, Latin America sustained positive momentum with an increase in volume (+2%), revenues (+6%), and EBITDA (+10%) compared to the previous year.

Insights from Leadership

CEO Rodrigo Fernández emphasized the company's remarkable start to 2026, mentioning that "we entered 2026 with strong momentum, delivering record first-quarter volume and revenues, alongside the second-highest comparable EBITDA." He credited this success to stringent execution and favorable foreign exchange effects, asserting that Sigma Foods remains on track to meet its 2026 guidance.

Fernández noted, “From a regional perspective, Mexico maintained consistent growth in volume, revenues, and EBITDA, driven by solid contributions from retail channels and the dairy category.” He elaborated on Europe’s success, reflecting the positive outcomes of long-term turnaround strategies.

In the United States, the impact of lower year-on-year results was somewhat softened by the successful penetration of Hispanic brands into mainstream channels. As for Latin America, operational initiatives have driven notable improvements in volume, revenues, and EBITDA, enhancing Sigma's overall performance.

Future Initiatives and Goals

Sigma Foods is committed to continual investment aimed at boosting its production capabilities. Upcoming capacity-expansion projects are underway across the Americas, including the introduction of new yogurt production lines in Mexico and enhancements to cheese operations in the U.S. The company is also focused on its European operations, with plans for the greenfield plant in Valencia and further expansions in La Bureba progressing smoothly.

Furthermore, maintaining a sound balance sheet is a primary focus for Sigma Foods, as evidenced by their refinancing activities completed in the Mexican capital markets during the quarter, which serve to support diversified funding structures and extend maturity profiles.

The endorsement of $150 million in cash dividends for 2026 reflects Sigma Foods’ strong cash generation abilities and balanced approach to deploying capital efficiently.

In the face of fluctuating economic conditions, including anticipated declines in commodity prices and favorable foreign exchange rates, Fernández expressed optimism about navigating challenges while leveraging Sigma’s scale and innovative capacities to focus on consumer needs effectively.

The message resonates with a commitment towards adaptability and resilience—qualities that will be essential as Sigma Foods positions itself for sustained success.

Conclusion

As Sigma Foods continues to thrive in evolving markets, the impressive first-quarter results set a promising tone for the rest of 2026. The company’s financial health, operational resilience, and strategic investments underscore its commitment to both growth and delivering value to shareholders. With its experienced team and clear vision, Sigma Foods is poised to enhance its market presence well into the future.