Grupo Tmm Sab 6-K, filed Mar 3, 2026
Grupo Tmm Sab (GTMAY)
6-K
2026-03-03
For: 2026-03-03
View Original
Added on
April 06, 2026
About this 6-K
Grupo Tmm Sab filed this 6-K on March 3, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of MARCH 2026
TMM Group, Inc.
(Translation of registrant’s name into English)
Lago Alberto No.442, P.5, 503-A, Colonia Anahuac, Delegacion Miguel Hidalgo,
Mexico City, C.P. 11320 Mexico
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7):
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-____ .
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Date: March 3, 2026
By:
______________________________________
/s/ Verónica Tego Sánchez
Chief Financial Officer
This Form 6-K and the exhibit attached hereto are hereby incorporated by reference into the Registration Statement
on Form F-3, Number 333-90710.
EXHIBIT INDEX
|
Press Release dated March 3, 2026 (GRUPO TMM REPORTS FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS).
|
Exhibit 99.1
TMM COMPANY CONTACT:
Verónica Tego Sánchez, CFO
011-52-55-5629-8866
veronica.tego@tmm.com.mx
GRUPO TMM REPORTS FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS
(In Mexican Pesos)
GRUPO TMM REPORTS IMPROVED OPERATING PERFORMANCE AND PROFITABILITY IN 2025
Preliminary full-year 2025 Results Include:
| o |
Consolidated revenues of Ps 1,909.0 million
|
| o |
EBITDA of Ps 437.0 million
|
| o |
Net income of Ps 341.3 million
|
| o |
Significant improvement in operating income
|
Mexico City, February 27, 2026 – Grupo TMM, S.A.B. (BMV: TMM A and OTC: GTMAY) (the “Company” or “TMM”), a Mexican maritime
transportation, logistics and maritime infrastructure services company, announced its preliminary financial results for the fourth quarter and full year 2025
 |
“Fiscal year 2025 marked the beginning of a period of more consistent performance for Grupo TMM, supported by the maturity of our operations and disciplined execution.
In 2026, we will continue strengthening our value proposition through digital tools, enhanced operating efficiency and sustainable practices aligned with our operations,” said
Vanessa Serrano, Chief Executive Officer of TMM.
|
Operational performance
During 2025, Grupo TMM reported higher asset utilization, improved contract visibility and a more efficient operating structure, resulting in consolidated revenue of Ps 1,909.0 million and operating income of Ps.
329.7 million.
Although full-year net income included favorable foreign exchange effects, the year-over-year improvement was primarily driven by operating performance.
Segment performance
| • |
Maritime – maintained high utilization levels and remained the main contributor to earnings, supported by improved contract visibility and consistent margin generation associated with fleet
utilization.
|
| • |
Maritime Infrastructure – the fourth quarter included closing adjustments that temporarily impacted profitability; however, the segment generated a higher contribution supported by expanded
operating capabilities and specialized services.
|
| • |
Land Logistics – maintained stable performance driven by operating efficiencies and higher volumes.
|
Overall, these factors reflect the maturation of the Company’s operating model.
Grupo TMM Reports Fourth Quarter and Full Year 2025 Financial Results
Page 2
Comparability of figures
As of October 1, 2025, the Company ceased consolidating the storage business; therefore, fourth-quarter and full-year figures partially include this segment. This effect solely reflects a change in consolidation scope and does not affect the
performance of the Company’s core businesses.
Outlook
For 2026, the Company will remain focused on the optimization of its strategic assets, maintaining financial discipline, and pursuing selective expansion into markets and segments aligned with its operating capabilities.
Headquartered in Mexico City, Grupo TMM is a Mexican company that provides comprehensive solutions in maritime transportation, maritime infrastructure, and ports &
terminals logistics operations, through its subsidiaries and affiliated offices. For more information on Grupo TMM, please visit the company’s web site at www.tmm.com.mx. The site offers Spanish/English language options.
Financial tables follow
Grupo TMM Reports Fourth Quarter and Full Year 2025 Financial Results
Page 3
Grupo TMM, S.A.B. and Subsidiaries
Balance Sheet*
- Millions of Pesos -
|
December 31,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
Cash and cash in banks available
|
494.6
|
207.1
|
||||||
|
Restricted cash
|
257.4
|
-
|
||||||
|
Total cash and cash equivalents
|
752.0
|
207.1
|
||||||
|
Accounts receivable – Net
|
532.8
|
711.5
|
||||||
|
Other accounts receivable
|
145.5
|
235.2
|
||||||
|
Taxes to be recovered
|
143.0
|
195.2
|
||||||
|
Prepaid expenses and others current assets
|
34.8
|
37.2
|
||||||
|
Total current assets
|
1,608.0
|
1,386.2
|
||||||
|
Taxes to be recovered long term
|
0.0
|
63.0
|
||||||
|
Property, machinery and, equipment
|
2,936.4
|
2,377.6
|
||||||
|
Cumulative Depreciation
|
(185.9
|
)
|
(108.8
|
)
|
||||
|
Property, machinery and, equipment – Net
|
2,750.5
|
2,268.8
|
||||||
|
Rights of use
|
45.3
|
67.2
|
||||||
|
Other assets
|
223.6
|
206.7
|
||||||
|
Total assets
|
4,627.4
|
3,991.9
|
||||||
|
Bank loans and current maturities of long-term liabilities
|
315.3
|
260.6
|
||||||
|
Leases short-term
|
4.5
|
22.4
|
||||||
|
Suppliers
|
306.3
|
370.4
|
||||||
|
Other accounts payable and accrued expenses
|
428.1
|
588.4
|
||||||
|
Total current liabilities
|
1,054.2
|
1,241.8
|
||||||
|
Bank loans
|
896.9
|
374.7
|
||||||
|
Leases long-term
|
41.7
|
60.2
|
||||||
|
Deferred taxes
|
119.2
|
132.1
|
||||||
|
Other long-term liabilities
|
65.6
|
74.8
|
||||||
|
Total long-term liabilities
|
1,123.4
|
641.7
|
||||||
|
Total liabilities
|
2,177.6
|
1,883.5
|
||||||
|
Total stockholders´ equity
|
2,449.8
|
2,108.4
|
||||||
|
Total liabilities and stockholders´ equity
|
4,627.4
|
3,991.9
|
||||||
*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.
Grupo TMM Reports Fourth Quarter and Full Year 2025 Financial Results
Page 4
Grupo TMM, S.A.B. and Subsidiaries
*Statement of Income
- Millions of Pesos -
|
Three months ended
|
Twelve months ended
|
|||||||||||||||
|
December 31,
|
December 31,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
Maritime
|
306.9
|
429.6
|
1,440.9
|
1,283.0
|
||||||||||||
|
Inland Logistics
|
20.2
|
4.9
|
83.4
|
61.9
|
||||||||||||
|
Warehousing Services
|
0.0
|
15.1
|
56.8
|
146.4
|
||||||||||||
|
Maritime Infrastructure
|
51.1
|
53.6
|
327.8
|
262.2
|
||||||||||||
|
Revenue from freight and services
|
378.2
|
503.2
|
1,909.0
|
1,753.6
|
||||||||||||
|
Maritime
|
(202.9
|
)
|
(314.6
|
)
|
(1,000.8
|
)
|
(1,050.1
|
)
|
||||||||
|
Inland Logistics
|
(20.2
|
)
|
(19.7
|
)
|
(79.4
|
)
|
(74.7
|
)
|
||||||||
|
Warehousing Services
|
(0.8
|
)
|
(50.8
|
)
|
(109.0
|
)
|
(129.4
|
)
|
||||||||
|
Maritime Infrastructure
|
(49.0
|
)
|
(38.8
|
)
|
(229.8
|
)
|
(188.6
|
)
|
||||||||
|
Cost of freight and services
|
(272.8
|
)
|
(423.9
|
)
|
(1,419.0
|
)
|
(1,442.8
|
)
|
||||||||
|
Maritime
|
(16.3
|
)
|
(2.9
|
)
|
(68.5
|
)
|
(19.3
|
)
|
||||||||
|
Inland Logistics
|
(2.2
|
)
|
(3.9
|
)
|
(8.3
|
)
|
(13.0
|
)
|
||||||||
|
Warehousing Services
|
0.0
|
(2.2
|
)
|
(6.1
|
)
|
(56.1
|
)
|
|||||||||
|
Maritime Infrastructure
|
(3.0
|
)
|
(1.0
|
)
|
(14.6
|
)
|
(4.7
|
)
|
||||||||
|
Depreciation and amortization
|
(21.4
|
)
|
(10.0
|
)
|
(97.4
|
)
|
(93.1
|
)
|
||||||||
|
Maritime
|
87.7
|
112.1
|
371.7
|
213.6
|
||||||||||||
|
Inland Logistics
|
(2.1
|
)
|
(18.7
|
)
|
(4.3
|
)
|
(25.7
|
)
|
||||||||
|
Warehousing Services
|
(0.8
|
)
|
(37.9
|
)
|
(58.2
|
)
|
(39.0
|
)
|
||||||||
|
Maritime Infrastructure
|
(0.8
|
)
|
13.8
|
83.4
|
68.9
|
|||||||||||
|
Results by business
|
83.9
|
69.3
|
392.5
|
217.7
|
||||||||||||
|
Corporate expenses
|
(16.2
|
)
|
(13.2
|
)
|
(61.1
|
)
|
(59.2
|
)
|
||||||||
|
Corporate depreciation and amortization
|
(2.5
|
)
|
(0.5
|
)
|
(9.8
|
)
|
(2.2
|
)
|
||||||||
|
Non-recurring (expenses) income
|
18.0
|
7.1
|
8.1
|
56.3
|
||||||||||||
|
Operating (loss) gain
|
83.3
|
62.7
|
329.7
|
212.7
|
||||||||||||
|
Financial (expenses) income - Net
|
(26.4
|
)
|
(10.0
|
)
|
(112.5
|
)
|
(29.7
|
)
|
||||||||
|
Leases financial expenses
|
(1.6
|
)
|
(2.2
|
)
|
(9.1
|
)
|
(16.1
|
)
|
||||||||
|
Exchange gain (loss) - Net
|
25.9
|
(11.2
|
)
|
133.2
|
(52.0
|
)
|
||||||||||
|
Net financial cost
|
(2.1
|
)
|
(23.3
|
)
|
11.6
|
(97.9
|
)
|
|||||||||
|
(loss) gain before taxes
|
81.2
|
39.4
|
341.3
|
114.8
|
||||||||||||
|
Provision for taxes
|
0.0
|
0.0
|
0.0
|
0.0
|
||||||||||||
|
Net (loss) gain for the period
|
81.2
|
39.4
|
341.3
|
114.8
|
||||||||||||
|
Attributable to:
|
||||||||||||||||
|
Minority interest
|
(0.03
|
)
|
0.1
|
(0.2
|
)
|
0.3
|
||||||||||
|
Equity holders of GTMM, S.A.B.
|
81.2
|
39.3
|
341.5
|
114.5
|
||||||||||||
|
Weighted average outstanding shares (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
0.47
|
0.23
|
1.96
|
0.66
|
||||||||||||
|
Outstanding shares at end of period (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
0.47
|
0.23
|
1.96
|
0.66
|
||||||||||||
*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.
Grupo TMM Reports Fourth Quarter and Full Year 2025 Financial Results
Page 5
Grupo TMM, S.A.B. and subsidiaries
*Statement of Cash Flow
- Millions of Pesos -
|
Three months ended
|
Twelve months ended
|
|||||||||||||||
|
December 31,
|
December 31,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
Net gain (loss) for the period
|
81.2
|
39.4
|
341.3
|
114.8
|
||||||||||||
|
Depreciation & amortization
|
23.4
|
10.6
|
108.5
|
95.2
|
||||||||||||
|
Deferred taxes
|
0.0
|
(4.1
|
)
|
(1.5
|
)
|
(9.7
|
)
|
|||||||||
|
Other non-cash items
|
(0.2
|
)
|
115.2
|
(17.7
|
)
|
149.9
|
||||||||||
|
Total non-cash items
|
23.1
|
121.6
|
89.3
|
235.5
|
||||||||||||
|
Changes in assets & liabilities
|
415.1
|
(106.7
|
)
|
165.3
|
(111.4
|
)
|
||||||||||
|
Total adjustments
|
438.2
|
14.9
|
254.6
|
124.1
|
||||||||||||
|
Net cash provided by (used in) operating activities
|
519.4
|
54.3
|
595.9
|
238.9
|
||||||||||||
|
Proceeds from sale of assets/interest received
|
2.6
|
12.9
|
5.9
|
15.4
|
||||||||||||
|
Payments for purchase of assets
|
(29.5
|
)
|
(361.1
|
)
|
(684.5
|
)
|
(469.5
|
)
|
||||||||
|
Net cash provided by (used in) investment activities
|
(26.9
|
)
|
(348.2
|
)
|
(678.6
|
)
|
(454.0
|
)
|
||||||||
|
Short-term borrowings (net)
|
(6.8
|
)
|
(5.5
|
)
|
(98.0
|
)
|
(4.3
|
)
|
||||||||
|
Repayment of leases
|
(2.7
|
)
|
(5.4
|
)
|
(11.1
|
)
|
(67.2
|
)
|
||||||||
|
Proceeds from (repayment of) long-term debt
|
(5.3
|
)
|
345.3
|
765.5
|
386.3
|
|||||||||||
|
Net cash provided by (used in) financing activities
|
(14.8
|
)
|
334.4
|
656.4
|
314.7
|
|||||||||||
|
Exchange effect on cash
|
(4.85
|
)
|
2.9
|
(28.8
|
)
|
7.4
|
||||||||||
|
Net increase (decrease) in cash
|
472.8
|
43.5
|
544.9
|
107.1
|
||||||||||||
|
Cash at beginning of period
|
279.1
|
163.6
|
207.1
|
100.0
|
||||||||||||
|
Cash at end of period
|
752.0
|
207.1
|
752.0
|
207.1
|
||||||||||||
Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.