Author: Ravi Shankar

Key developments in Q3 2026:

• Revenue and other income of NOK 150 million in the third quarter of 2026, 40% lower compared to the same period last year (20% lower excluding the deconsolidated business). Year-to-date revenue and other income of NOK 701 million, up 4% compared to the first nine months of 2025;
• EBITDA of NOK -83 million in the third quarter of 2026, compared to NOK -116 million in the same period last year. Year-to-date EBITDA of NOK -184 million, compared to NOK -519 million in the first nine months of 2025; and
• Exited the quarter with order backlog consisting of firm purchase orders of NOK 508 million.

“The third quarter is the first quarter to reflect most of our significant cost reductions, with an annualized cost base around 50% below 2024 level,” says Morten Holum, CEO of Hexagon Purus. We expect a volume uplift in the fourth quarter, and most of the expected revenue is covered by firm orders. Together with the lower cost base, this provides an opportunity to approach underlying EBITDA break-even at Group level for the first time. At the same time, we are in dialogue with key stakeholders on a financial restructuring to address the Company’s debt burden and establish a more sustainable capital structure.”

Hexagon Purus Q3 2026 consolidated financials

In the third quarter of 2026, Hexagon Purus (“the Company” or “the Group”) generated revenue and other income of NOK 150 million, down 40% compared to the corresponding period in 2025. Excluding the deconsolidated business which occurred in the first quarter of 2026, the decrease in revenue was 20% and primarily driven by lower activity within hydrogen infrastructure, transit bus and industrial gas applications, partly offset by higher activity in battery electric mobility and rail applications.

Total operating expenses in the third quarter of 2026 amounted to NOK 233 (368) million, leading to an operating profit before depreciation (EBITDA) of NOK -83 (-116) million.

Total assets at the end of the third quarter of 2026 amounted to NOK 2,623 (3,988) million. Property, plant and equipment totaled NOK 589 (1,102) million at quarter-end. Right-of-use assets amounted to NOK 299 (499) million at quarter-end, while intangible assets ended at NOK 563 (674) million.

Inventory amounted to NOK 360 (758) million at the end of the third quarter of 2026 down NOK 22 million from the second quarter of 2026. Trade receivables stood at NOK 198 (234) million at quarter-end, up from NOK 180 million in the second quarter of 2026, mainly reflecting the higher revenue in BVI in the quarter.

Total equity amounted to NOK -224 (1,054) million at the end of the third quarter of 2026. Management and the Board are holding discussions with key stakeholders on a financial restructuring, including measures relating to the outstanding convertible bonds, with the objective of reducing the Company’s debt burden and restoring positive consolidated equity.

Non-current liabilities amounted to NOK 2,438 (2,298) million at the end of the third quarter, of which NOK 2,031 (1,754) million comprised interest-bearing debt, primarily related to the two outstanding convertible bonds, maturing in Q1 2028 and Q1 2029, respectively. Total current liabilities stood at NOK 409 (636) million at the end of the third quarter of 2026, up from NOK 383 million in the second quarter. The increase was driven by trade payables of NOK 134 (179) million and contract liabilities of NOK 71 million, up from NOK 36 million in the second quarter, primarily reflecting customer pre-payments.

Net cash flow from operating activities in the third quarter of 2026 amounted to NOK -67 (-115) million. The quarter included a favorable working capital development of NOK 64 (-26) million, driven by an increase in trade payables and customer pre-payments of NOK 60 million and lower inventory (NOK 22 million), partly offset by higher trade receivables (NOK 18 million).

Net cash flow from investing activities amounted to NOK 9 (-34) million in the third quarter of 2026. Capital expenditures in the quarter ended at NOK -1 (-14) million. Capitalized product development was NOK -2 (-16) million, and primarily reflects targeted investment in a small number of next-generation product and technology initiatives. Net cash flow from financing in the third quarter of 2026 was NOK -19 (-15) million. Cash and cash equivalents ended at NOK 220 (360) million as of the third quarter of 2026. 

Hydrogen Mobility and Infrastructure (HMI)

Revenue and other income for the HMI segment amounted to NOK 104 million in the third quarter of 2026, representing a decrease of 55% year-over-year. Excluding the divested U.S. business, which occurred during the first quarter of 2026, segment revenue declined by 38% year-over-year. The underlying revenue development was primarily impacted by lower activity within hydrogen infrastructure, transit bus and industrial gas applications, partly offset by increased revenue from rail applications.

EBITDA for the HMI segment was NOK -34 (-47) million in the third quarter of 2026.

Historical segment financials are made available on www.hexagonpurus.com together with Q3
2026 report and presentation.

Battery Systems and Vehicle Integration (BVI)

Revenue and other income for the BVI segment totaled NOK 35 (13) million in the third quarter of 2026. The year-over-year revenue growth reflects eight vehicle deliveries to Hino and sublease revenue from the Dallas facility.

EBITDA for the BVI segment amounted to NOK -28 (-30) million in the third quarter of 2026. The higher revenue did not translate into improved profitability year-over-year, as the vehicle deliveries in the quarter carried high materials cost from legacy inventory and required additional temporary labour to support the truck builds.

Historical segment financials are made available on www.hexagonpurus.com together with Q3
2026 report and presentation.

Outlook

The Company enters the fourth quarter with most of the expected revenue covered by firm orders and a substantially lower cost base. The anticipated volumes provide an opportunity to approach underlying EBITDA break-even at Group level for the first time, although this remains dependent on completing a demanding delivery schedule at expected margins. Hydrogen distribution deliveries are concentrated in Q4, leaving limited room to absorb delays before year-end.

Recent orders have strengthened visibility into 2027, with the backlog for delivery next year broadly comparable in absolute terms to the following-year backlog at the end of Q3 2025. Supported by the reduced cost base, the Company’s target is to reach EBITDA break-even in the current market environment. Sustained positive EBITDA on a full-year basis will require some increase in order intake, alongside continued cost discipline. Recent datapoints on growth in clean hydrogen production and investments into a heavy-duty transportation ecosystem in parts of Europe are encouraging, but high costs, infrastructure constraints and policy dependence continue to weigh on market development. The Company will continuously assess these conditions and adjust operations, costs or strategic priorities as needed.

Strengthening the Company’s financial position remains a central priority given the Group’s negative consolidated equity and continued cash consumption. Management and the Board are holding discussions with key stakeholders on a financial restructuring to address the Company’s debt burden and establish a sustainable capital structure.

Presentation of the results

Hexagon Purus will present the Q3 2026 results today, 20 October, at 08:30 CEST and the presentation will be broadcast live via https://event.plaii.no/hexagon/2c2953f439.

The presentation will be held in English and will be virtual. A recording of the presentation will be made available on www.hexagonpurus.com.

For more information:

Mathias Meidell, Senior Director Finance, Hexagon Purus ASA
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

Salman Alam, CFO, Hexagon Purus ASA
Telephone: +47 476 12 713 | salman.alam@hexagonpurus.com

About Hexagon Purus ASA

Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus’ products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime and rail.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on X and LinkedIn.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachments

• HPUR Q3 2026 Report
• HPUR Q3 2026 Presentation

For LHV Group, the third quarter of 2026 was characterised by growth in income and profitability, both quarter-on-quarter and year-on-year. The strong result was driven by net interest income and fee income, as well as a larger release of loan impairments.

AS LHV Group generated consolidated net profit of EUR 37.5 million in Q3 2026, which is 52% more than in the previous quarter and 43% more than in the same period last year. Of the subsidiaries, AS LHV Pank earned a net profit of EUR 33.7 million and LHV Bank Ltd EUR 1.4 million. AS LHV Varahaldus earned a net profit of EUR 0.5 million and AS LHV Kindlustus EUR 0.3 million. The return on equity attributable to the shareholders of the Group was 19.3% in Q3.

On a consolidated basis, LHV Group generated total net income of EUR 80.1 million in Q3 2026, which is 1% more than in the previous quarter and 10% more than in the same period last year. Net interest income amounted to EUR 68.8 million (+10% quarter-on-quarter and +24% year-on-year). Growth was supported by the expansion of the loan portfolio and improved margins, with the net interest margin reaching 2.8% (Q2: 2.6%). Net fee and commission income amounted to EUR 16.8 million (+15% quarter-on-quarter and +10% year-on-year). Other income amounted to EUR -5.5 million, mainly reflecting the revaluation of the liquidity portfolio. Portfolio duration is below two years, so the loss unwinds as positions mature and in parallel generates additional interest income booked under net interest income.

Total operating expenses amounted to EUR 43.4 million, remaining at the level of the previous quarter and increasing by 12% year-on-year. Staff costs decreased by 8% quarter-on-quarter to EUR 24.1 million, while IT costs increased by 12% to EUR 5.3 million. The cost/income ratio was 54.2%. Profit before loan impairment amounted to EUR 36.7 million (+4% quarter-on-quarter and +8% year-on-year). A net release of loan impairments of EUR 8.9 million was recognised in Q3. The release came from LHV Pank and was mainly related to the release of a provision for one larger client.

As at the end of September, LHV Group’s consolidated total assets stood at EUR 10.10 billion, up 5% from the end of the previous quarter and 6% year-on-year. The consolidated loan portfolio grew by EUR 183 million, i.e. 3%, to EUR 5.95 billion in Q3 (+14% year-on-year). Deposits increased by EUR 178 million, i.e. 2%, during the quarter to EUR 7.74 billion (+4% year-on-year). The aggregate volume of funds managed by LHV grew by EUR 25 million during the quarter to EUR 1.82 billion (+12% year-on-year). Financial intermediary customers processed 24.2 million payments in Q3, a decrease of 6% compared to the previous quarter and an increase of 18% year-on-year. The number of Group customers increased by nearly 8,000 during the quarter to 723,000.

For the first nine months of the year, LHV Group generated total net income of EUR 232.8 million (+3% year-on-year), of which net interest income accounted for EUR 190.6 million (+9%) and net fee and commission income for EUR 46.1 million (+3%). Expenses grew by 14% to EUR 132.6 million. The net release of loan impairments totalled EUR 1.8 million over the nine months. Net profit amounted to EUR 81.9 million, which is 5% less than a year ago. The return on equity for the nine months was 14.0% (a year ago: 16.1%) and the cost/income ratio 57.0% (a year ago: 51.7%).

The Group’s Common Equity Tier 1 (CET1) ratio stood at 15.3% at the end of Q3, the Tier 1 capital ratio at 17.2% and the total capital adequacy ratio (CAD) at 20.3%. The liquidity coverage ratio (LCR) was 174% and the net stable funding ratio (NSFR) 146%. In August, LHV Group issued EUR 200 million of MREL bonds and EUR 15 million of AT1 bonds.

As at the end of nine months, LHV Group’s net income is falling short of the financial plan by EUR 4.5 million, while net profit exceeds the financial plan by EUR 3.6 million.

Income statement, thousands of euros	Q3 2026	Q2 2026	Q3 2025
Net interest income	68,811	62,480	55,532
Net fee and commission income	16,799	14,643	15,296
Net financial income	-5,765	1,170	1,167
Result of the insurance service	219	744	627
Other operating income and expenses	60	-26	39
Total net income	80,124	79,011	72,661
Staff costs	-24,072	-26,089	-22,351
Office expenses	-807	-713	-730
IT costs	-5,300	-4,717	-3,837
Marketing expenses	-1,790	-1,059	-1,140
Other operating expenses	-11,461	-11,013	-10,705
Total expenses	-43,429	-43,591	-38,763
Profit before loan impairment	36,695	35,420	33,898
Loan impairment	8,892	-5,770	-1,673
Income tax expense	-8,053	-4,963	-5,916
Net profit	37,534	24,687	26,309
Minority holding	450	574	606
Profit attributable to shareholders of the parent company	37,084	24,113	25,703
Net profit per share, euros	0.11	0.07	0.08
Diluted net profit per share, euros	0.11	0.07	0.08
Balance sheet, thousands of euros	Sep 26	Jun 26	Sep 25
Cash and due from banks	3,001,723	2,760,278	3,837,093
Financial assets	1,065,486	1,058,984	402,971
Loans to customers	5,989,915	5,815,325	5,279,528
Loan impairment reserve	-38,875	-47,449	-45,277
Trade receivables	41,782	29,241	12,403
Other assets	40,907	35,667	42,980
Total assets	10,100,938	9,652,047	9,529,699
Demand deposits	5,149,077	5,130,731	4,862,458
Term deposits	2,586,258	2,426,535	2,590,440
Loans received	1,232,577	1,021,079	1,048,556
Trade payables and loans received	8,967,911	8,578,345	8,501,454
Accrued expenses and other liabilities	117,143	106,273	84,143
Subordinated debt	222,295	209,215	207,001
Total liabilities	9,307,350	8,893,833	8,792,598
Owners’ equity	793,588	758,214	737,101
incl. minority holding	7,976	7,526	8,456
Total liabilities and owners’ equity	10,100,938	9,652,047	9,529,699

LHV Pank

LHV Pank’s net profit amounted to EUR 33.7 million in Q3 (+39% quarter-on-quarter and +38% year-on-year) and total net income to EUR 57.7 million (-7% quarter-on-quarter and +5% year-on-year). Net interest income grew by 11% quarter-on-quarter to EUR 59.5 million (+22% year-on-year) and net fee and commission income by 14% to EUR 13.5 million (+15% year-on-year). Expenses decreased by 5% quarter-on-quarter to EUR 26.9 million. A net release of loan impairments of EUR 10.4 million was recognised in Q3, significantly affected by the reversal of a provision on one larger corporate loan. The cost/income ratio was 46.6% (Q2: 45.3%) and return on equity 21.6% (Q2: 16.6%).

The quarter-on-quarter decrease in net income was driven by negative net financial income of EUR 10.1 million, which includes the negative effect of the liquidity portfolio and revaluation of intragroup interest rate swaps. The revaluation loss on the liquidity portfolio, which has a duration of less than two years, unwinds as the bonds mature, while the portfolio generates additional net interest income in parallel. The effect of the interest rate swaps is eliminated at the Group level. Excluding this effect, the bank’s net income amounted to EUR 61.8 million and net profit to EUR 37.9 million.

The number of LHV Pank customers increased by nearly 9,000 during the quarter to 517,000. The net loan portfolio grew by EUR 92 million during the quarter to EUR 4.91 billion (+7% year-on-year). Retail loans grew by EUR 64 million and corporate loans by EUR 28 million. The bank’s deposits increased by EUR 192 million during the quarter to EUR 6.42 billion (-3% year-on-year), of which demand deposits increased by EUR 148 million and term deposits by EUR 44 million. The increase was mainly driven by EUR 143 million growth in corporate banking deposits, while platform deposits continued to decline in line with the trend of this year.

In technology, LHV Pank took an important step in Q3 with the launch of LHV.AI, which provides a secure foundation for scaling artificial intelligence and for next-generation services for the bank’s customers. In product development, the bank launched Moneyplan, a feature that gives customers an overview of their saving habits and supports them in building regular saving. In July, the international financial magazine Euromoney recognised the bank as the Best Bank in Estonia for the seventh time. In September, the bank announced its decision to close its customer offices in Tartu and Pärnu. The decision is based on customers’ changing banking habits and the continued decline in visits to physical offices. The bank continues to invest in digital service channels, through which all main banking services are available.

For the first nine months of the year, LHV Pank generated total net income of EUR 174.0 million (+1% year-on-year) and a net profit of EUR 78.2 million (-1% year-on-year). Net income is falling short of the financial plan by EUR 8.2 million (by EUR 2.5 million excluding the revaluation effect of interest rate swaps), while net profit exceeds the plan by EUR 2.3 million (by EUR 8.1 million excluding the revaluation effect). The loan portfolio exceeds the financial plan by EUR 88 million, while deposits are EUR 340 million below plan.

LHV Bank

LHV Bank, operating in the United Kingdom, reported a net profit of EUR 1.4 million in Q3, remaining at the level of the previous quarter and up 38% year-on-year. Total net income grew by 16% quarter-on-quarter to EUR 17.1 million (+31% year-on-year) and net interest income by 10% to EUR 10.5 million (+64% year-on-year). Loan impairment charges of EUR 1.5 million were recognised in the quarter. The cost/income ratio improved to 80.4% (Q2: 85.2%).

The loan portfolio of LHV Bank grew by EUR 87 million, i.e. 9%, during the quarter to EUR 1.03 billion (+56% year-on-year). The pipeline of outstanding loan offers, approved but not yet disbursed, amounted to EUR 145 million. Deposits increased by EUR 119 million during the quarter to EUR 1.51 billion (+50% year-on-year). Direct customer deposits amounted to EUR 323 million at the end of the quarter.

For the first nine months of the year, LHV Bank’s net income grew by 17% to EUR 46.9 million, net interest income by 64% to EUR 29.3 million and net profit by 24% to EUR 4.1 million. Net interest income exceeds the financial plan by EUR 1.2 million. Net income is falling short of the plan by EUR 0.6 million and net profit by EUR 2.2 million, reflecting higher than planned loan impairments and expenses EUR 0.9 million above plan. The loan portfolio is EUR 58 million below plan and deposits are EUR 117 million below plan.

LHV Varahaldus

LHV Varahaldus earned a net profit of EUR 0.5 million in Q3 (Q2: EUR 0.4 million, Q3 2025: EUR 0.8 million). Net income grew by 2% quarter-on-quarter and by 8% year-on-year to EUR 2.5 million.

The aggregate volume of funds grew by EUR 25 million during the quarter to EUR 1.82 billion (+12% year-on-year). In Q3, the pension funds Julge, Ettevõtlik, Rahulik, Tasakaalukas and Indeks returned 1.3%, 2.2%, 0.3%, 1.1% and 1.6% respectively. At the end of the quarter, the number of Pillar II customers making active monthly contributions stood at 104,000.

For the first nine months of the year, LHV Varahaldus’s net income grew by 9% to EUR 7.3 million. Net profit amounted to EUR 0.3 million (a year earlier: EUR 1.4 million), affected by the EUR 1.1 million income tax expense associated with the dividend payment made in March. Net profit exceeds the financial plan by EUR 0.1 million, while fund volumes are EUR 14 million below plan.

LHV Kindlustus

LHV Kindlustus earned a net profit of EUR 0.3 million in Q3 (Q2: EUR 0.8 million, Q3 2025: EUR 0.7 million). Net earned premiums grew by 5% quarter-on-quarter to EUR 11.7 million (+10% year-on-year). The volume of contract premiums written amounted to EUR 11.0 million, which is 6% less than in the previous quarter and 20% more than a year ago.

Gross incurred losses increased by 15% quarter-on-quarter to EUR 8.2 million (+20% year-on-year). The net loss ratio was 72.5% (Q2: 67.9%), the net expense ratio 25.6% (Q2: 25.2%) and the combined ratio 98.1% (Q2: 93.1%). The number of customers increased by nearly 4,000 during the quarter to 246,000 (+8% year-on-year) and the number of insurance contracts stood at 337,000. The quarter was affected by several larger claims in home insurance.

For the first nine months of the year, LHV Kindlustus’s net earned premiums grew by 9% to EUR 33.3 million and gross incurred losses by 20% to EUR 23.6 million. Net profit amounted to EUR 0.4 million (a year earlier: EUR 2.4 million) and the net loss ratio was 74.0%. Net profit is falling short of the financial plan by EUR 1.7 million, mainly due to the high volume of claims at the beginning of the year. The volume of contract premiums written exceeds the financial plan by EUR 0.7 million.

Comment by Mihkel Torim, CEO of LHV Group:

“The third quarter was LHV’s strongest of the year. Net profit rose to EUR 37.5 million and return on equity to 19.3%. Our core business improved: net interest income grew 24% year on year, while costs held at the previous quarter’s level. Profit was also substantially supported by September’s release of an impairment on one large corporate loan and portfolio quality remained strong.

The loan portfolio grew by EUR 183 million in the quarter, almost half of it from LHV Bank in the UK, whose loan book passed one billion euros. The Group’s customer base reached 723,000. In August we raised EUR 200 million of MREL debt to further diversify our funding.

In Estonia we launched Moneyplan, which gives customers an overview of their spending and saving. We also went live with LHV.AI, which lets customers connect their bank account to AI tools. Positive reception of these new products confirms that we are moving in the right direction.”

AS LHV Group reports are available at: https://investor.lhv.ee/en/reports/.

To present the quarterly results, LHV Group will host a virtual investor meeting via Teams. The meeting will take place on 20 October at 11:00 AM EET. The presentation will be held in English. Please register in advance here.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus and LHV Bank Limited. The Group employs approximately 1,200 people. The services of LHV Pank are used by over 517,000 customers, the II pillar pension funds managed by LHV have 104,000 active customers and LHV Kindlustus protects a total of 246,000 customers. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

Investor Relations
Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
Email: stenhans.jakobsoo@lhv.ee

Communications
Paul Pihlak
Head of Communications
Email: paul.pihlak@lhv.ee

Attachments

• LHV Group_Interim_Report_2026-Q3_EN
• LHV_Group_Presentation_2026-Q3_EN
• LHV_Group_Factbook_2026-Q3-EN

For LHV Group, the third quarter of 2026 was characterised by growth in income and profitability, both quarter-on-quarter and year-on-year. The strong result was driven by net interest income and fee income, as well as a larger release of loan impairments.

AS LHV Group generated consolidated net profit of EUR 37.5 million in Q3 2026, which is 52% more than in the previous quarter and 43% more than in the same period last year. Of the subsidiaries, AS LHV Pank earned a net profit of EUR 33.7 million and LHV Bank Ltd EUR 1.4 million. AS LHV Varahaldus earned a net profit of EUR 0.5 million and AS LHV Kindlustus EUR 0.3 million. The return on equity attributable to the shareholders of the Group was 19.3% in Q3.

On a consolidated basis, LHV Group generated total net income of EUR 80.1 million in Q3 2026, which is 1% more than in the previous quarter and 10% more than in the same period last year. Net interest income amounted to EUR 68.8 million (+10% quarter-on-quarter and +24% year-on-year). Growth was supported by the expansion of the loan portfolio and improved margins, with the net interest margin reaching 2.8% (Q2: 2.6%). Net fee and commission income amounted to EUR 16.8 million (+15% quarter-on-quarter and +10% year-on-year). Other income amounted to EUR -5.5 million, mainly reflecting the revaluation of the liquidity portfolio. Portfolio duration is below two years, so the loss unwinds as positions mature and in parallel generates additional interest income booked under net interest income.

Total operating expenses amounted to EUR 43.4 million, remaining at the level of the previous quarter and increasing by 12% year-on-year. Staff costs decreased by 8% quarter-on-quarter to EUR 24.1 million, while IT costs increased by 12% to EUR 5.3 million. The cost/income ratio was 54.2%. Profit before loan impairment amounted to EUR 36.7 million (+4% quarter-on-quarter and +8% year-on-year). A net release of loan impairments of EUR 8.9 million was recognised in Q3. The release came from LHV Pank and was mainly related to the release of a provision for one larger client.

As at the end of September, LHV Group’s consolidated total assets stood at EUR 10.10 billion, up 5% from the end of the previous quarter and 6% year-on-year. The consolidated loan portfolio grew by EUR 183 million, i.e. 3%, to EUR 5.95 billion in Q3 (+14% year-on-year). Deposits increased by EUR 178 million, i.e. 2%, during the quarter to EUR 7.74 billion (+4% year-on-year). The aggregate volume of funds managed by LHV grew by EUR 25 million during the quarter to EUR 1.82 billion (+12% year-on-year). Financial intermediary customers processed 24.2 million payments in Q3, a decrease of 6% compared to the previous quarter and an increase of 18% year-on-year. The number of Group customers increased by nearly 8,000 during the quarter to 723,000.

For the first nine months of the year, LHV Group generated total net income of EUR 232.8 million (+3% year-on-year), of which net interest income accounted for EUR 190.6 million (+9%) and net fee and commission income for EUR 46.1 million (+3%). Expenses grew by 14% to EUR 132.6 million. The net release of loan impairments totalled EUR 1.8 million over the nine months. Net profit amounted to EUR 81.9 million, which is 5% less than a year ago. The return on equity for the nine months was 14.0% (a year ago: 16.1%) and the cost/income ratio 57.0% (a year ago: 51.7%).

The Group’s Common Equity Tier 1 (CET1) ratio stood at 15.3% at the end of Q3, the Tier 1 capital ratio at 17.2% and the total capital adequacy ratio (CAD) at 20.3%. The liquidity coverage ratio (LCR) was 174% and the net stable funding ratio (NSFR) 146%. In August, LHV Group issued EUR 200 million of MREL bonds and EUR 15 million of AT1 bonds.

As at the end of nine months, LHV Group’s net income is falling short of the financial plan by EUR 4.5 million, while net profit exceeds the financial plan by EUR 3.6 million.

Income statement, thousands of euros	Q3 2026	Q2 2026	Q3 2025
Net interest income	68,811	62,480	55,532
Net fee and commission income	16,799	14,643	15,296
Net financial income	-5,765	1,170	1,167
Result of the insurance service	219	744	627
Other operating income and expenses	60	-26	39
Total net income	80,124	79,011	72,661
Staff costs	-24,072	-26,089	-22,351
Office expenses	-807	-713	-730
IT costs	-5,300	-4,717	-3,837
Marketing expenses	-1,790	-1,059	-1,140
Other operating expenses	-11,461	-11,013	-10,705
Total expenses	-43,429	-43,591	-38,763
Profit before loan impairment	36,695	35,420	33,898
Loan impairment	8,892	-5,770	-1,673
Income tax expense	-8,053	-4,963	-5,916
Net profit	37,534	24,687	26,309
Minority holding	450	574	606
Profit attributable to shareholders of the parent company	37,084	24,113	25,703
Net profit per share, euros	0.11	0.07	0.08
Diluted net profit per share, euros	0.11	0.07	0.08
Balance sheet, thousands of euros	Sep 26	Jun 26	Sep 25
Cash and due from banks	3,001,723	2,760,278	3,837,093
Financial assets	1,065,486	1,058,984	402,971
Loans to customers	5,989,915	5,815,325	5,279,528
Loan impairment reserve	-38,875	-47,449	-45,277
Trade receivables	41,782	29,241	12,403
Other assets	40,907	35,667	42,980
Total assets	10,100,938	9,652,047	9,529,699
Demand deposits	5,149,077	5,130,731	4,862,458
Term deposits	2,586,258	2,426,535	2,590,440
Loans received	1,232,577	1,021,079	1,048,556
Trade payables and loans received	8,967,911	8,578,345	8,501,454
Accrued expenses and other liabilities	117,143	106,273	84,143
Subordinated debt	222,295	209,215	207,001
Total liabilities	9,307,350	8,893,833	8,792,598
Owners’ equity	793,588	758,214	737,101
incl. minority holding	7,976	7,526	8,456
Total liabilities and owners’ equity	10,100,938	9,652,047	9,529,699

LHV Pank

LHV Pank’s net profit amounted to EUR 33.7 million in Q3 (+39% quarter-on-quarter and +38% year-on-year) and total net income to EUR 57.7 million (-7% quarter-on-quarter and +5% year-on-year). Net interest income grew by 11% quarter-on-quarter to EUR 59.5 million (+22% year-on-year) and net fee and commission income by 14% to EUR 13.5 million (+15% year-on-year). Expenses decreased by 5% quarter-on-quarter to EUR 26.9 million. A net release of loan impairments of EUR 10.4 million was recognised in Q3, significantly affected by the reversal of a provision on one larger corporate loan. The cost/income ratio was 46.6% (Q2: 45.3%) and return on equity 21.6% (Q2: 16.6%).

The quarter-on-quarter decrease in net income was driven by negative net financial income of EUR 10.1 million, which includes the negative effect of the liquidity portfolio and revaluation of intragroup interest rate swaps. The revaluation loss on the liquidity portfolio, which has a duration of less than two years, unwinds as the bonds mature, while the portfolio generates additional net interest income in parallel. The effect of the interest rate swaps is eliminated at the Group level. Excluding this effect, the bank’s net income amounted to EUR 61.8 million and net profit to EUR 37.9 million.

The number of LHV Pank customers increased by nearly 9,000 during the quarter to 517,000. The net loan portfolio grew by EUR 92 million during the quarter to EUR 4.91 billion (+7% year-on-year). Retail loans grew by EUR 64 million and corporate loans by EUR 28 million. The bank’s deposits increased by EUR 192 million during the quarter to EUR 6.42 billion (-3% year-on-year), of which demand deposits increased by EUR 148 million and term deposits by EUR 44 million. The increase was mainly driven by EUR 143 million growth in corporate banking deposits, while platform deposits continued to decline in line with the trend of this year.

In technology, LHV Pank took an important step in Q3 with the launch of LHV.AI, which provides a secure foundation for scaling artificial intelligence and for next-generation services for the bank’s customers. In product development, the bank launched Moneyplan, a feature that gives customers an overview of their saving habits and supports them in building regular saving. In July, the international financial magazine Euromoney recognised the bank as the Best Bank in Estonia for the seventh time. In September, the bank announced its decision to close its customer offices in Tartu and Pärnu. The decision is based on customers’ changing banking habits and the continued decline in visits to physical offices. The bank continues to invest in digital service channels, through which all main banking services are available.

For the first nine months of the year, LHV Pank generated total net income of EUR 174.0 million (+1% year-on-year) and a net profit of EUR 78.2 million (-1% year-on-year). Net income is falling short of the financial plan by EUR 8.2 million (by EUR 2.5 million excluding the revaluation effect of interest rate swaps), while net profit exceeds the plan by EUR 2.3 million (by EUR 8.1 million excluding the revaluation effect). The loan portfolio exceeds the financial plan by EUR 88 million, while deposits are EUR 340 million below plan.

LHV Bank

LHV Bank, operating in the United Kingdom, reported a net profit of EUR 1.4 million in Q3, remaining at the level of the previous quarter and up 38% year-on-year. Total net income grew by 16% quarter-on-quarter to EUR 17.1 million (+31% year-on-year) and net interest income by 10% to EUR 10.5 million (+64% year-on-year). Loan impairment charges of EUR 1.5 million were recognised in the quarter. The cost/income ratio improved to 80.4% (Q2: 85.2%).

The loan portfolio of LHV Bank grew by EUR 87 million, i.e. 9%, during the quarter to EUR 1.03 billion (+56% year-on-year). The pipeline of outstanding loan offers, approved but not yet disbursed, amounted to EUR 145 million. Deposits increased by EUR 119 million during the quarter to EUR 1.51 billion (+50% year-on-year). Direct customer deposits amounted to EUR 323 million at the end of the quarter.

For the first nine months of the year, LHV Bank’s net income grew by 17% to EUR 46.9 million, net interest income by 64% to EUR 29.3 million and net profit by 24% to EUR 4.1 million. Net interest income exceeds the financial plan by EUR 1.2 million. Net income is falling short of the plan by EUR 0.6 million and net profit by EUR 2.2 million, reflecting higher than planned loan impairments and expenses EUR 0.9 million above plan. The loan portfolio is EUR 58 million below plan and deposits are EUR 117 million below plan.

LHV Varahaldus

LHV Varahaldus earned a net profit of EUR 0.5 million in Q3 (Q2: EUR 0.4 million, Q3 2025: EUR 0.8 million). Net income grew by 2% quarter-on-quarter and by 8% year-on-year to EUR 2.5 million.

The aggregate volume of funds grew by EUR 25 million during the quarter to EUR 1.82 billion (+12% year-on-year). In Q3, the pension funds Julge, Ettevõtlik, Rahulik, Tasakaalukas and Indeks returned 1.3%, 2.2%, 0.3%, 1.1% and 1.6% respectively. At the end of the quarter, the number of Pillar II customers making active monthly contributions stood at 104,000.

For the first nine months of the year, LHV Varahaldus’s net income grew by 9% to EUR 7.3 million. Net profit amounted to EUR 0.3 million (a year earlier: EUR 1.4 million), affected by the EUR 1.1 million income tax expense associated with the dividend payment made in March. Net profit exceeds the financial plan by EUR 0.1 million, while fund volumes are EUR 14 million below plan.

LHV Kindlustus

LHV Kindlustus earned a net profit of EUR 0.3 million in Q3 (Q2: EUR 0.8 million, Q3 2025: EUR 0.7 million). Net earned premiums grew by 5% quarter-on-quarter to EUR 11.7 million (+10% year-on-year). The volume of contract premiums written amounted to EUR 11.0 million, which is 6% less than in the previous quarter and 20% more than a year ago.

Gross incurred losses increased by 15% quarter-on-quarter to EUR 8.2 million (+20% year-on-year). The net loss ratio was 72.5% (Q2: 67.9%), the net expense ratio 25.6% (Q2: 25.2%) and the combined ratio 98.1% (Q2: 93.1%). The number of customers increased by nearly 4,000 during the quarter to 246,000 (+8% year-on-year) and the number of insurance contracts stood at 337,000. The quarter was affected by several larger claims in home insurance.

For the first nine months of the year, LHV Kindlustus’s net earned premiums grew by 9% to EUR 33.3 million and gross incurred losses by 20% to EUR 23.6 million. Net profit amounted to EUR 0.4 million (a year earlier: EUR 2.4 million) and the net loss ratio was 74.0%. Net profit is falling short of the financial plan by EUR 1.7 million, mainly due to the high volume of claims at the beginning of the year. The volume of contract premiums written exceeds the financial plan by EUR 0.7 million.

Comment by Mihkel Torim, CEO of LHV Group:

“The third quarter was LHV’s strongest of the year. Net profit rose to EUR 37.5 million and return on equity to 19.3%. Our core business improved: net interest income grew 24% year on year, while costs held at the previous quarter’s level. Profit was also substantially supported by September’s release of an impairment on one large corporate loan and portfolio quality remained strong.

The loan portfolio grew by EUR 183 million in the quarter, almost half of it from LHV Bank in the UK, whose loan book passed one billion euros. The Group’s customer base reached 723,000. In August we raised EUR 200 million of MREL debt to further diversify our funding.

In Estonia we launched Moneyplan, which gives customers an overview of their spending and saving. We also went live with LHV.AI, which lets customers connect their bank account to AI tools. Positive reception of these new products confirms that we are moving in the right direction.”

AS LHV Group reports are available at: https://investor.lhv.ee/en/reports/.

To present the quarterly results, LHV Group will host a virtual investor meeting via Teams. The meeting will take place on 20 October at 11:00 AM EET. The presentation will be held in English. Please register in advance here.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus and LHV Bank Limited. The Group employs approximately 1,200 people. The services of LHV Pank are used by over 517,000 customers, the II pillar pension funds managed by LHV have 104,000 active customers and LHV Kindlustus protects a total of 246,000 customers. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

Investor Relations
Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
Email: stenhans.jakobsoo@lhv.ee

Communications
Paul Pihlak
Head of Communications
Email: paul.pihlak@lhv.ee

Attachments

• LHV Group_Interim_Report_2026-Q3_EN
• LHV_Group_Presentation_2026-Q3_EN
• LHV_Group_Factbook_2026-Q3-EN

• Revenue +7.2% like-for-like, adjusted EBITDA margin at 42%
• Levered Free Cash Flow positive for the first time since IPO
• FY2027 targets: accelerating value-creating growth

Key figures (in millions of euros)	FY2025	FY2026	YoY Change (%)	YoY Change (%), like for like (LFL)
Revenue	1,084.6	1,145.1	+5.6%	+7.2%
Adjusted EBITDA	437.8	480.5	+9.7%
As a % of revenue	40.4%	42.0%	+1.6 pt
Capex	(361.4)	(372.9)(1)	+3.2%
As a % of revenue	(33.3)%	(32.6%)(1)	(0.6) pts
Levered Free Cash Flow(1)	(27.0)	24.7	na

Octave Klaba, Chairman and CEO of OVHcloud, said:

“Twelve months after my return, we have delivered on all of the targets we announced. Fourth-quarter revenue grew 10.5% on a like-for-like basis, and monthly revenue surpassed the €100 million milestone by the end of the fiscal year.

FY 2026 was a year of discipline. We managed our inventory and capex very closely while keeping operating costs under control. Customer acquisition and sales volumes were very strong across domain names, VPS and Bare Metal. Public Cloud revenue grew 20% in the fourth quarter. In response to rising RAM and storage prices, we made measured adjustments to our pricing. Our new sales organization, put in place during the year, will deliver its full impact from 2027.

We have redefined our AI strategy, and in 2027 we are moving into the deployment phase. In AI, our customers do not all have the same needs: our solutions serve several customer profiles, which limits the risk on our investments. We will continue to become more efficient. Simplifying the customer experience and regionalizing our Public Cloud offerings should allow us to accelerate our growth even further.
The Group has now returned to its fundamentals and is ready to shift into a higher gear.”

(1) Corrected for the impact of €49.5 million of 2027 capex pre-financed in 2026

The Group has completed the recruitment of its new Chief Financial Officer, who will take up his position on December 1, 2026. As he currently holds a position elsewhere, he will be introduced upon his arrival.

The Board of Directors of OVHcloud, which met on October 19, 2026, reviewed and approved the Group’s consolidated financial statements for the fiscal year ended August 31, 2026. The Statutory Auditors’ reports on the annual consolidated and company financial statements of OVH Groupe SA are in the process of being issued.

FY2026: a year of execution around structuring priorities

OVHcloud has refocused its customer approach

As the first step in a journey to make OVHcloud a resolutely customer-centric company, in all its departments, the Group has reorganised its sales teams around its three go-to-market segments, Digital Starters, Digital Scalers and Corporate, under renewed commercial leadership.

Revenue by “go to market” segment.

(in millions of euros)	FY2026	YoY Change (%), like-for-like (LFL)(2)
Digital Starters	564	+5.4%
Digital Scalers	359	+12.4%
Corporates	222	+2.6%
Total	1,145	+7.2%

Customer growth in the “Digital Starters” segment

The “Digital Starters” segment posted like-for-like growth of 5.4% to €563.9 million (49% of revenue), accelerating to +7.4% in Q4, supported by the increase in the number of customers. This momentum reflects the continued attractiveness of the offer to individuals, small businesses, developers and entrepreneurs, who find in OVHcloud competitive solutions to launch and develop their online business.

Targeted vertical approach in the “Digital Scalers” segment

The “Digital Scalers” segment benefited from strong like-for-like growth of 12.4% to €359.1 million (31% of revenue), thanks to a strategy focused on specialised verticals. This approach allows OVHcloud to better meet the specific needs of each customer segment and to develop additional sales to its existing customer base.

Strong H2 sales momentum in the “Corporates” segment

The “Corporates” segment which posted growth of +2.6% to €221.7 million (19% of revenue), benefited from a particularly dynamic second half of the year boosted by two drivers: the development of additional sales with the existing customer base, the success of the 3-AZ offering, which meets customers’ standards.

The reorganization carried out during fiscal year 2026 will deliver its full effect in 2027. In parallel, we will also be reworking the support we provide to our customers. It will be better segmented and AI-assisted to improve both quality and response times. We will also clarify the market positioning of each of our brands: Kimsufi, SoyouStart, Gladia, OVH, OVHcloud and OVHai.

(2) The scope of the Digital Starters, Digital Scalers & Corporate segments has been modified for FY2025 following threshold changes

Assets secured for FY27

In response to rising component prices, the Group has secured the supply of components required to support its growth. Thanks to very precise management of our component inventory, we can adapt to customer demand within just a few days, which helps limit the cash tied up. Each investment also remains subject to strict financial discipline, with a focus on value creation.

With 250 MW of connected power capacity, of which 140 MW is in operation, the Group has headroom for growth without needing to build new sites. The group is also exploring various scenarios for changing how its infrastructure is structured, with a view to potential capacity expansions and the ramp-up of its GPU business.

Inflation passed on in an immediate and measured manner

The Group made targeted pricing adjustments based on a “mutualised pass-through” approach of the revaluation of the cost of components. The increase is applied to all  recent and newly ordered servers. The aim is to keep supporting our customers’ growing demand in an inflationary environment.

Committed redefinition of the AI strategy

The Group made three targeted acquisitions (bolt-on): Seald (January 2026), a specialist in end-to-end encryption, Dragon LLM (March 2026), a designer of specialised AI models for regulated industries, and Gladia (July 2026), a specialist in voice AI.

The first result of these mergers – OVHai Workspace, an AI platform for businesses was unveiled at VivaTech in June 2026. The Group’s AI strategy will also be detailed at the “AI Summit” on 19 November 2026.

Growth accelerated over the year, driven by the Public Cloud

OVHcloud’s revenue for FY2026 came in at €1,145.1 million, up +7.2% like-for-like (+5.6% reported), exceeding the target of 5 to 7%.

Growth clearly accelerated in the second half of the year: +6.0% in the first quarter, +5.1% in the second, +6.9% in the third and +10.5% in the fourth, like-for-like.

In the fourth quarter, quarterly revenue exceeded €300 million and monthly revenue exceeded the significant €100 million milestone.

The net revenue retention rate remains high at 103% (like-for-like), driven by low churn.

Revenue by product segment.

(in millions of euros)	FY2025	FY2026	YoY Change (%)	YoY Change (%), like for like (LFL)
Private Cloud	671.6	690.4	+2.8%	+4.5%
Public Cloud	219.2	255.1	+16.4%	+18.9%
Web Cloud & Other	193.8	199.7	+3.0%	+3.2%
Total revenue	1,084.6	1,145.1	+5.6%	+7.2%

In FY2026, the Private Cloud (60.3% of revenue) generated revenue of €690.4 million, up +4.5% on a like-for-like basis:

• The momentum strengthened significantly at the end of the year, with a like-for-like increase of +7.1% in the fourth quarter
• The Bare Metal Cloud benefited from the repositioning of its entry-level offers, which supported a strong acquisition of Digital Starters, and a sustained up-sell with Digital Scalers. OVHcloud thus consolidated its European leadership in Bare Metal.

In FY2026, Public Cloud (22.3% of revenue) accounted for revenue of €255.1 million, up +18.9% on a like-for-like basis.

• It returned to a pace above +20% in the fourth quarter, at +24.3% on a like-for-like basis.
• As the main contributor to growth, Public Cloud benefits from strong cross-selling thanks to the expansion of its product portfolio, the traction of the 3-AZ regions, in particular the ramp-up of the 3-AZ region in Paris, and sustained customer acquisition.

In FY2026, the Webcloud (17.4% of revenue) posted revenue of €199.7 million, up +3.2% like-for-like and +6.0% in like-for-like in the fourth quarter.

• Domain name sales are reaching record daily volumes, driven in particular by demand linked to
  vibe coding and AI.
• Webcloud offerings have been repositioned to make them accessible to a wider audience and to further accelerate growth.

Revenue by region

(in millions of euros)	FY2025	FY2026	YoY Change (%)	YoY Change (%), like for like (LFL)
France	520.2	550.6	+5.9%	+6.0%
Europe (excl. France)	316.8	333.0	+5.1%	+6.4%
Rest of the World	247.6	261.6	+5.7%	+10.7%
Total revenue	1,084.6	1,145.1	+5.6%	+7.2%

France accounted for 48% of total Group revenue, up +6.0% on a like-for-like basis, and
+8.3% in the fourth quarter. The Public Cloud accelerated strongly and became the leading contributor to growth, thanks to the rise of the 3-AZ region of Paris, while Bare Metal posted a solid performance.

The other European countries accounted for 29% of total Group revenue, up +6.4% on a like-for-like basis, and +11.0% in the fourth quarter. Bare Metal accelerated in Southern Europe (+10.0%) and Northern Europe (+12.5%).

The Rest of the World accounted for 23% of total Group revenue, up +10.7% on a like-for-like basis, and +14.7% in the fourth quarter. Growth is driven by the Public Cloud, up more than 20%, with solid traction in the US.

Strong growth in adjusted EBITDA margin

(in millions of euros)	FY2025	FY2026	YoY change (in millions of euros)
Revenue	1,084.6	1,145.1	+60.5
Gross margin	709.0	770.2	+61.2
As a % of revenue	65.4%	67.3%	+1.9 pt
Adjusted EBITDA	437.8	480.5	+42.7
As a % of revenue	40.4%	42.0%	+1.6 pt
Net operating results (EBIT)	69.4	77.8	+8.4
As a % of revenue	6.4%	6.8%	+0.4 pt
Consolidated net income	0.4	9.4	+9.0

Adjusted EBITDA reached €480.5 million, a margin of 42%, up sharply by 1.6 pts

Adjusted EBITDA grew by +9.7% on a reported basis, almost twice as fast as
revenue. The 70% ratio of additional revenue converted into EBITDA nevertheless remains exceptional.

The 1.6-point increase in EBITDA margin demonstrates OVHcloud’s ability to operate at scale, driven by strong productivity across all levels of the company.

Operating results (EBIT) of €77.8 million, i.e. a margin of 6.8%

Operating results include depreciation, amortisation expenses of €(378.3) million, up €23.9 million, reflecting the commissioning of new capacity.

Positive net income of €9.4 million

After including net finance income (expense) of €(57.2) million, an improvement of €7.8 million due, in particular, to foreign exchange gains, and an income tax expense of €(11.2) million, OVHcloud recorded net income of €9.4 million in FY2026, compared to €0.4 million in FY2025.

Levered Free Cash Flow, positive for the first time

(in millions of euros)	FY2025	FY2026
Adjusted EBITDA	437.8	480.5
Changes in operating working capital requirement	1.0	15.1
Tax paid	(3.8)	(8.5)
Others non-cash items	(18.3)	1.6
Capex	(361.4)	(422.4)
Anticipated Capex for FY2027	–	49.5
Rental expenses	(43.2)	(39.3)
Financial interest paid	(39.1)	(51.8)
Levered Free Cash Flow	(27.0)	24.7

In response to rising component costs, OVHcloud has chosen to anticipate part of its hardware investments. These include approximately €49.5 million of memory and disk components strictly intended for use in 2027.

Excluding this anticipated capex, adjusted Capex represent 32.6% of revenue, below the target range of 33% to 35%, and can be broken down into:

• hardware Capex (servers) of around €291 million, stable outside of anticipated capex
• infrastructure and network Capex of around €53 million
• stable product and software Capex of around €72 million

Secure funding, available cash

Consolidated net debt (excluding lease liabilities) at 31 August 2026 was €1,157 million compared to €1,103 million at 31 August 2025. At the end of August 2026, almost all of the Group’s debt was hedged and had an average interest rate of 4.4%, including margins and commission, without any significant repayment deadlines before FY2030.

Debt leverage at 31 August 2026 was 2.7x, down by 0.2x, in line with the Group’s debt management policy.

As part of its new guidance, the Group has changed the way it calculates its “leverage ratio”, which is now defined as net financial debt, including lease liabilities (IFRS 16) and excluding capitalized debt issuance costs, divided by last-twelve-month adjusted EBITDA.

Finally, the Group has €255 million in available liquidity, including an undrawn credit line of €200 million. The Group is currently rated BB- by S&P and Ba3 by Moody’s.

Return on capital employed (ROCE) reached 7.7% in FY2026, compared to 7.1% in FY2025 and 3.3% in FY2024. It has, therefore, more than doubled in two years, reflecting the ramp-up of investments made and the maintenance of strict discipline in terms of investment.

FY2027 targets – Accelerate growth and value creation

In FY2026, OVHcloud achieved all of its targets, as specified in the publication of its half-year results.

Here the FY 2027 targets:

KPI	FY 2027 Targets
Like-for-Like growth	Above 10%
Adjusted EBITDA Margin	Above 42.5%
Levered Free Cash-Flow	Positive
ROCE	Above 9%
Leverage	Below 2.7x

Highlights of the period and events after the reporting date

New contracts: In September, OVHcloud and CGI, one of the world leaders in management and end-to-end IT consulting, via its subsidiary CGI France Défense et Spatial, announced a multi-million euro contract over 30 months with the European Space Agency (ESA) to contribute to the construction of “Digital EO”;

Certification: In September, OVHcloud obtained the SecNumCloud qualification for SNC Cloud Platform and extended it to Europe. With SNC Cloud Platform, OVHcloud has obtained a third SecNumCloud qualification, after Bare Metal Pod and VMware on OVHcloud.

Conference call
OVHcloud’s management team is organising a conference call in English on Tuesday, 20 October 2026 at 8:30 a.m. (CEST – Paris).

You will find the connection links below:

• Webcast
• Conference call

After the conference, the replay of the webcast will be available in the Investor Relations section of the OVHcloud website at this link: https://corporate.ovhcloud.com/fr/investor-relations/financial-results/

Interactive webinar in French
OVHcloud’s management team is organising a webinar in French on Tuesday, 20 October 2026 at 5:45 p.m. (CEST – Paris). The Webinar can be accessed by clicking on this link: Webinar Registration Link

After the webinar, the replay will be available in the Investor Relations section of the OVHcloud website at this link: https://corporate.ovhcloud.com/fr/investor-relations/retail-shareholders-and-employees/

Calendar

7 January 2027: Q1 2027 revenue
11 February 2027: Combined Annual General Meeting

About OVHcloud
OVHcloud is a global player and the European leader in the Cloud, operating more than 500,000 servers in 46 datacenters on 4 continents for 1.7 million customers in more than 140 countries. Spearheading a trusted Cloud and a pioneer of a sustainable Cloud with the best price-performance ratio, for over 20 years, the Group has relied on an integrated model that gives it complete control of its value chain: from the design of its servers, to the construction and management of its datacenters, to the organisation of its fibre optic network. This unique approach allows it to independently cover all of its customers’ uses by allowing them to benefit from the virtues of an environmentally reasoned model with a frugal use of resources and a carbon footprint reaching the best ratios in the industry. Today, OVHcloud offers its customers state-of-the-art solutions combining high performance, price predictability and total sovereignty over their data, to support their growth in complete freedom.

OVHcloud Contacts

Media Relations Team	Investor Relations Team
media.france@ovhcloud.com	investor.relations@ovhcloud.com

Appendices

Glossary

The different Go to market categories are determined according to the following criteria:

• Starters: customers targeted by a digital channel and generating less than €25,000 in ARR (annual recurring revenue).
• Scalers: customers targeted by a digital channel and generating more than €25,000 in ARR (annual recurring revenue).
• Corporate: customers targeted either by a direct sales strategy, via calls for tender or the OVHcloud sales team, or an indirect sales strategy, via partners.

ROCE (Return on Capital Employed) is calculated by dividing the current year’s adjusted EBITDA after depreciation, amortisation and impairment and taxes by the prior year’s capital employed.

Capital employed corresponds to goodwill, property, plant and equipment and intangible assets, less working capital requirement net of tax.

Like-for-like or organic data are calculated at constant scope and exchange rates.

The net revenue retention rate for a period is equal to the percentage calculated by dividing (i) the revenue generated during that period by customers who were present during the same period the previous year, by (ii) the revenue generated by all customers during that period of the previous year. When the revenue retention rate is above 100%, it means that the revenue generated by the relevant customers has increased between the relevant period of the previous year and the same period of the current year, beyond the impact of lost revenue due to customer churn.

Current EBITDA is equal to revenue less the sum of personnel and other operating expenses (and excluding depreciation and amortisation charges, as well as items that are classified as “other non-current operating income and expenses”).

Adjusted EBITDA corresponds to current EBITDA adjusted to exclude share-based compensation and expenses resulting from the payment of earn-outs.

Levered Free Cash Flow represents the net cash flows from operating activities less Capex, less the repayment of lease liabilities, less financial interest paid, and includes dedicated financing related to specific transactions (excluding M&A).

Net financial debt is defined as financial debt excluding lease liabilities, less cash and cash equivalents.

The leverage ratio is defined as consolidated net financial debt, including lease liabilities (IFRS 16), divided by last-twelve-month (LTM) adjusted EBITDA.

Revenue by product segment and region

(in millions of euros)	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25		Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	FY26
Private Cloud	164.5	169.8	169.3	168.0	671.6		167.2	169.4	174.0	179.8	690.4
Public Cloud	50.3	53.5	53.6	61.9	219.2		58.2	60.4	65.6	70.9	255.1
Web Cloud & Other	48.8	49.2	49.0	46.8	193.8		49.8	50.2	50.0	49.7	199.7
Total Revenue	263.5	272.5	271.9	276.7	1,084.6		275.3	280.1	289.6	300.4	1,145.1
Growth (%)	Q1 FY26 LFL	Q2 FY26 LFL	Q3 FY26 LFL	Q4 FY26 LFL	FY26 LFL		Q1 FY26 reported	Q2 FY26 reported	Q3 FY26 reported	Q4 FY26 reported	FY26 reported
Private Cloud	+4.0%	+2.9%	4.0%	+7.1%	+4.5%		+1.7%	(0.2)%	+2.8%	+7.1%	+2.8%
Public Cloud	+15.8%	+14.5%	20.2%	+24.3%	+18.9%		+15.7%	+12.9%	+22.3%	+14.5%	+16.3%
Web Cloud & Other	+2.3%	+2.4%	2.0%	+6.0%	+3.2%		+2.7%	+2.2%	+1.9%	+6.0%	+3.0%
Total Revenue	+6.0%	+5.1%	+6.9%	+10.5%	+7.2%		+4.5%	+2.8%	+6.5%	+8.5%	+5.6%
(in millions of euros)	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25		Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	FY26
France	127.1	129.6	130.4	133.6	520.2		133.9	135.9	138.8	142.0	550.6
Europe (excl. France)	76.7	79.5	79.3	80.9	316.8		79.3	81.0	85.0	87.7	333.0
Rest of the World	59.7	63.4	62.2	62.2	247.6		62.1	63.1	65.8	70.6	261.6
Total Revenue	263.5	272.5	271.9	276.7	1,084.6		275.3	280.1	289.6	300.4	1,145.1
Growth (%)	Q1 FY26 LFL	Q2 FY26 LFL	Q3 FY26 LFL	Q4 FY26 LFL	FY26 LFL		Q1 FY26 reported	Q2 FY26 reported	Q3 FY26 reported	Q4 FY26 reported	FY26 reported
France	+5.2%	+4.8%	5.8%	+8.3%	+6.0%		+5.3%	+4.9%	+6.4%	+6.3%	+5.9%
Europe (excl. France)	+4.1%	+2.9%	7.4%	+11.0%	+6.4%		+3.3%	+2.0%	+7.3%	+8.4%	+5.1%
Rest of the World	+10.5%	+8.5%	8.6%	+14.7%	+10.7%		+4.0%	(0.4%)	+5.8%	+13.5%	+5.7%
Total Revenue	+6.0%	+5.1%	+6.9%	+10.5%	+7.2%		+4.5%	+2.8%	+6.5%	+8.5%	+5.6%

Consolidated income statement

(in millions of euros)	FY2025	FY2026
Revenue	1,084.6	1,145.1
Directs costs	(375.6)	(374.9)
Gross margin(1)	709.0	770.2
Sales and marketing costs and general and administrative expenses	(287.7)	(309.8)
Current EBITDA (2)	421.3	460.5
Equity-settled and cash-settled compensation plans and earn-outs	16.5	20.0
Adjusted EBITDA (2)	437.8	480.5
Depreciation, amortisation and impairment expenses	(354.4)	(378.3)
Other non-current operating income & expenses	2.6	(4.4)
Operating results (EBIT)	69.4	77.8
Net finance income (expense)	(65.1)	(57.2)
Income tax	(3.9)	(11.2)
Consolidated net income	0.4	9.4

1. As part of the continuous improvement of its processes, the Group refined its analysis of the distribution of payroll costs between direct costs and general expenses. Payroll costs are now allocated by function according to their attachment to the cost centre, without using an allocation key. A pro forma comparison is therefore presented, taking into account this improvement in monitoring processes.
2. The current EBITDA indicator corresponds to operating results before depreciation, amortisation and other non-current operating income and expenses.

Reconciliation between current EBITDA and adjusted EBITDA

(in millions of euros)	FY2025	FY2026
Current EBITDA	421.3	460.5
Equity-settled and cash-settled compensation plans & Earn out compensation	16.5	20.0
Adjusted EBITDA	437.8	480.5

Consolidated statement of financial position

(in millions of euros)	FY2025	FY2026
Goodwill	59.1	89.4
Other intangible assets	297.4	302.0
Property, plant and equipment	993.3	1,071.1
Right-of-use assets in relation to leases	134.9	129.5
Derivative financial instruments – non-current assets	2.5	4.4
Other non-current receivables(1)	22.4	19.6
Non-current financial assets	2.1	2.2
Deferred tax assets	19.9	15.5
Total non-current assets	1,531.6	1,633.7
Customers	53.2	69.2
Other receivables and current assets(1)	74.0	84.2
Current tax assets	1.7	1.3
Derivative financial instruments – current assets	0.0	0.1
Cash and cash equivalents	41.9	55.3
Total current assets	170.7	210.1
TOTAL ASSETS	1,702.3	1,843.8
(in millions of euros)	FY2025	FY2026
Share capital	151.7	153.5
Share premiums	102.6	129.1
Reserves and retained earnings	(226.5)	(217.4)
Net income	0.4	9.4
Equity	28.2	74.5
Non-current financial debt	1,133.3	1,137.0
Non-current lease liabilities	117.5	107.3
Derivative financial instruments – non-current liabilities	1.2	0.1
Other non-current financial liabilities	12.9	15.8
Non-current provisions	15.3	16.8
Deferred tax liabilities	8.7	9.9
Other non-current liabilities	17.0	19.9
Total non-current liabilities	1,305.9	1,306.7
Current financial debt	11.3	75.0
Current lease liabilities	33.4	37.0
Current provisions	14.4	8.2
Account payables	116.5	118.6
Current tax liabilities	13.1	10.6
Derivative financial instruments – liabilities	0.3	0.2
Other current liabilities	179.2	213.0
Total current liabilities	368.1	462.5
TOTAL LIABILITIES AND EQUITY	1,702.3	1,843.8

^{(1) Research tax credit receivables with a maturity of more than 12 months have been reclassified as other non-current receivables.}
Consolidated statement of cash flows

(in millions of euros)		FY2025	FY2026
Net income		0.4	9.4
Adjustments to net income items:
Depreciation, amortisation and impairment of non-current assets and right-of-use assets		354.4	378.2
Changes in provisions		(1.6)	(6.3)
(Gains)/losses on asset disposals and other write-offs and revaluations		(3.4)	6.1
Expense related to share allocations (excluding social charges)		7.5	8.8
(Income)/tax expense		3.9	11.2
Net finance income (expense) (excluding foreign exchange differences)		60.5	60.0
Gross cash flow from operating activities	A	421.9	467.4
Changes in net operating receivables and other receivables		(8.8)	(65.4)
Changes in operating payables and other payables		9.8	80.5
Changes in operating working capital requirement	B	1.0	15.1
Tax paid	C	(3.8)	(8.5)
Net cash flows from operating activities	D=A+B+C	419.0	474.0
Cash outflows related to acquisitions of property, plant and equipment and intangible assets		(368.9)	(422.4)
Proceeds from disposal of intangible assets		7.5	0.0
Cash inflows/(outflows) related to business combinations, net of cash		(0.0)	(0.3)
Cash inflows/(outflows) related to loans and advances granted		(0.3)	(5.2)
Net cash flows from (used in) investing activities	E	(361.8)	(427.9)
Acquisition of treasury shares		(356.1)	(8.3)
Increase in debt levels		1,396.3	88.8
Repayment of financial debt		(1,014.0)	(23.0)
Repayment of lease liabilities		(43.2)	(39.3)
Financial interest paid		(39.1)	(51.8)
Guarantee deposits received		(1.8)	3.6
Net cash flows from (used in) financing activities	F	(58.0)	(30.0)
Effect of exchange rate changes on cash and cash equivalents	G	(0.6)	(0.3)
Change in cash and cash equivalents	D+E+F+G	(1.4)	15.8
Cash and cash equivalents at beginning of the period		40.9	39.6
Cash and cash equivalents at end of the period		39.6	55.3

Attachment

• OVH_CP_English_vdef

• Revenue +7.2% like-for-like, adjusted EBITDA margin at 42%
• Levered Free Cash Flow positive for the first time since IPO
• FY2027 targets: accelerating value-creating growth

Key figures (in millions of euros)	FY2025	FY2026	YoY Change (%)	YoY Change (%), like for like (LFL)
Revenue	1,084.6	1,145.1	+5.6%	+7.2%
Adjusted EBITDA	437.8	480.5	+9.7%
As a % of revenue	40.4%	42.0%	+1.6 pt
Capex	(361.4)	(372.9)(1)	+3.2%
As a % of revenue	(33.3)%	(32.6%)(1)	(0.6) pts
Levered Free Cash Flow(1)	(27.0)	24.7	na

Octave Klaba, Chairman and CEO of OVHcloud, said:

“Twelve months after my return, we have delivered on all of the targets we announced. Fourth-quarter revenue grew 10.5% on a like-for-like basis, and monthly revenue surpassed the €100 million milestone by the end of the fiscal year.

FY 2026 was a year of discipline. We managed our inventory and capex very closely while keeping operating costs under control. Customer acquisition and sales volumes were very strong across domain names, VPS and Bare Metal. Public Cloud revenue grew 20% in the fourth quarter. In response to rising RAM and storage prices, we made measured adjustments to our pricing. Our new sales organization, put in place during the year, will deliver its full impact from 2027.

We have redefined our AI strategy, and in 2027 we are moving into the deployment phase. In AI, our customers do not all have the same needs: our solutions serve several customer profiles, which limits the risk on our investments. We will continue to become more efficient. Simplifying the customer experience and regionalizing our Public Cloud offerings should allow us to accelerate our growth even further.
The Group has now returned to its fundamentals and is ready to shift into a higher gear.”

(1) Corrected for the impact of €49.5 million of 2027 capex pre-financed in 2026

The Group has completed the recruitment of its new Chief Financial Officer, who will take up his position on December 1, 2026. As he currently holds a position elsewhere, he will be introduced upon his arrival.

The Board of Directors of OVHcloud, which met on October 19, 2026, reviewed and approved the Group’s consolidated financial statements for the fiscal year ended August 31, 2026. The Statutory Auditors’ reports on the annual consolidated and company financial statements of OVH Groupe SA are in the process of being issued.

FY2026: a year of execution around structuring priorities

OVHcloud has refocused its customer approach

As the first step in a journey to make OVHcloud a resolutely customer-centric company, in all its departments, the Group has reorganised its sales teams around its three go-to-market segments, Digital Starters, Digital Scalers and Corporate, under renewed commercial leadership.

Revenue by “go to market” segment.

(in millions of euros)	FY2026	YoY Change (%), like-for-like (LFL)(2)
Digital Starters	564	+5.4%
Digital Scalers	359	+12.4%
Corporates	222	+2.6%
Total	1,145	+7.2%

Customer growth in the “Digital Starters” segment

The “Digital Starters” segment posted like-for-like growth of 5.4% to €563.9 million (49% of revenue), accelerating to +7.4% in Q4, supported by the increase in the number of customers. This momentum reflects the continued attractiveness of the offer to individuals, small businesses, developers and entrepreneurs, who find in OVHcloud competitive solutions to launch and develop their online business.

Targeted vertical approach in the “Digital Scalers” segment

The “Digital Scalers” segment benefited from strong like-for-like growth of 12.4% to €359.1 million (31% of revenue), thanks to a strategy focused on specialised verticals. This approach allows OVHcloud to better meet the specific needs of each customer segment and to develop additional sales to its existing customer base.

Strong H2 sales momentum in the “Corporates” segment

The “Corporates” segment which posted growth of +2.6% to €221.7 million (19% of revenue), benefited from a particularly dynamic second half of the year boosted by two drivers: the development of additional sales with the existing customer base, the success of the 3-AZ offering, which meets customers’ standards.

The reorganization carried out during fiscal year 2026 will deliver its full effect in 2027. In parallel, we will also be reworking the support we provide to our customers. It will be better segmented and AI-assisted to improve both quality and response times. We will also clarify the market positioning of each of our brands: Kimsufi, SoyouStart, Gladia, OVH, OVHcloud and OVHai.

(2) The scope of the Digital Starters, Digital Scalers & Corporate segments has been modified for FY2025 following threshold changes

Assets secured for FY27

In response to rising component prices, the Group has secured the supply of components required to support its growth. Thanks to very precise management of our component inventory, we can adapt to customer demand within just a few days, which helps limit the cash tied up. Each investment also remains subject to strict financial discipline, with a focus on value creation.

With 250 MW of connected power capacity, of which 140 MW is in operation, the Group has headroom for growth without needing to build new sites. The group is also exploring various scenarios for changing how its infrastructure is structured, with a view to potential capacity expansions and the ramp-up of its GPU business.

Inflation passed on in an immediate and measured manner

The Group made targeted pricing adjustments based on a “mutualised pass-through” approach of the revaluation of the cost of components. The increase is applied to all  recent and newly ordered servers. The aim is to keep supporting our customers’ growing demand in an inflationary environment.

Committed redefinition of the AI strategy

The Group made three targeted acquisitions (bolt-on): Seald (January 2026), a specialist in end-to-end encryption, Dragon LLM (March 2026), a designer of specialised AI models for regulated industries, and Gladia (July 2026), a specialist in voice AI.

The first result of these mergers – OVHai Workspace, an AI platform for businesses was unveiled at VivaTech in June 2026. The Group’s AI strategy will also be detailed at the “AI Summit” on 19 November 2026.

Growth accelerated over the year, driven by the Public Cloud

OVHcloud’s revenue for FY2026 came in at €1,145.1 million, up +7.2% like-for-like (+5.6% reported), exceeding the target of 5 to 7%.

Growth clearly accelerated in the second half of the year: +6.0% in the first quarter, +5.1% in the second, +6.9% in the third and +10.5% in the fourth, like-for-like.

In the fourth quarter, quarterly revenue exceeded €300 million and monthly revenue exceeded the significant €100 million milestone.

The net revenue retention rate remains high at 103% (like-for-like), driven by low churn.

Revenue by product segment.

(in millions of euros)	FY2025	FY2026	YoY Change (%)	YoY Change (%), like for like (LFL)
Private Cloud	671.6	690.4	+2.8%	+4.5%
Public Cloud	219.2	255.1	+16.4%	+18.9%
Web Cloud & Other	193.8	199.7	+3.0%	+3.2%
Total revenue	1,084.6	1,145.1	+5.6%	+7.2%

In FY2026, the Private Cloud (60.3% of revenue) generated revenue of €690.4 million, up +4.5% on a like-for-like basis:

• The momentum strengthened significantly at the end of the year, with a like-for-like increase of +7.1% in the fourth quarter
• The Bare Metal Cloud benefited from the repositioning of its entry-level offers, which supported a strong acquisition of Digital Starters, and a sustained up-sell with Digital Scalers. OVHcloud thus consolidated its European leadership in Bare Metal.

In FY2026, Public Cloud (22.3% of revenue) accounted for revenue of €255.1 million, up +18.9% on a like-for-like basis.

• It returned to a pace above +20% in the fourth quarter, at +24.3% on a like-for-like basis.
• As the main contributor to growth, Public Cloud benefits from strong cross-selling thanks to the expansion of its product portfolio, the traction of the 3-AZ regions, in particular the ramp-up of the 3-AZ region in Paris, and sustained customer acquisition.

In FY2026, the Webcloud (17.4% of revenue) posted revenue of €199.7 million, up +3.2% like-for-like and +6.0% in like-for-like in the fourth quarter.

• Domain name sales are reaching record daily volumes, driven in particular by demand linked to
  vibe coding and AI.
• Webcloud offerings have been repositioned to make them accessible to a wider audience and to further accelerate growth.

Revenue by region

(in millions of euros)	FY2025	FY2026	YoY Change (%)	YoY Change (%), like for like (LFL)
France	520.2	550.6	+5.9%	+6.0%
Europe (excl. France)	316.8	333.0	+5.1%	+6.4%
Rest of the World	247.6	261.6	+5.7%	+10.7%
Total revenue	1,084.6	1,145.1	+5.6%	+7.2%

France accounted for 48% of total Group revenue, up +6.0% on a like-for-like basis, and
+8.3% in the fourth quarter. The Public Cloud accelerated strongly and became the leading contributor to growth, thanks to the rise of the 3-AZ region of Paris, while Bare Metal posted a solid performance.

The other European countries accounted for 29% of total Group revenue, up +6.4% on a like-for-like basis, and +11.0% in the fourth quarter. Bare Metal accelerated in Southern Europe (+10.0%) and Northern Europe (+12.5%).

The Rest of the World accounted for 23% of total Group revenue, up +10.7% on a like-for-like basis, and +14.7% in the fourth quarter. Growth is driven by the Public Cloud, up more than 20%, with solid traction in the US.

Strong growth in adjusted EBITDA margin

(in millions of euros)	FY2025	FY2026	YoY change (in millions of euros)
Revenue	1,084.6	1,145.1	+60.5
Gross margin	709.0	770.2	+61.2
As a % of revenue	65.4%	67.3%	+1.9 pt
Adjusted EBITDA	437.8	480.5	+42.7
As a % of revenue	40.4%	42.0%	+1.6 pt
Net operating results (EBIT)	69.4	77.8	+8.4
As a % of revenue	6.4%	6.8%	+0.4 pt
Consolidated net income	0.4	9.4	+9.0

Adjusted EBITDA reached €480.5 million, a margin of 42%, up sharply by 1.6 pts

Adjusted EBITDA grew by +9.7% on a reported basis, almost twice as fast as
revenue. The 70% ratio of additional revenue converted into EBITDA nevertheless remains exceptional.

The 1.6-point increase in EBITDA margin demonstrates OVHcloud’s ability to operate at scale, driven by strong productivity across all levels of the company.

Operating results (EBIT) of €77.8 million, i.e. a margin of 6.8%

Operating results include depreciation, amortisation expenses of €(378.3) million, up €23.9 million, reflecting the commissioning of new capacity.

Positive net income of €9.4 million

After including net finance income (expense) of €(57.2) million, an improvement of €7.8 million due, in particular, to foreign exchange gains, and an income tax expense of €(11.2) million, OVHcloud recorded net income of €9.4 million in FY2026, compared to €0.4 million in FY2025.

Levered Free Cash Flow, positive for the first time

(in millions of euros)	FY2025	FY2026
Adjusted EBITDA	437.8	480.5
Changes in operating working capital requirement	1.0	15.1
Tax paid	(3.8)	(8.5)
Others non-cash items	(18.3)	1.6
Capex	(361.4)	(422.4)
Anticipated Capex for FY2027	–	49.5
Rental expenses	(43.2)	(39.3)
Financial interest paid	(39.1)	(51.8)
Levered Free Cash Flow	(27.0)	24.7

In response to rising component costs, OVHcloud has chosen to anticipate part of its hardware investments. These include approximately €49.5 million of memory and disk components strictly intended for use in 2027.

Excluding this anticipated capex, adjusted Capex represent 32.6% of revenue, below the target range of 33% to 35%, and can be broken down into:

• hardware Capex (servers) of around €291 million, stable outside of anticipated capex
• infrastructure and network Capex of around €53 million
• stable product and software Capex of around €72 million

Secure funding, available cash

Consolidated net debt (excluding lease liabilities) at 31 August 2026 was €1,157 million compared to €1,103 million at 31 August 2025. At the end of August 2026, almost all of the Group’s debt was hedged and had an average interest rate of 4.4%, including margins and commission, without any significant repayment deadlines before FY2030.

Debt leverage at 31 August 2026 was 2.7x, down by 0.2x, in line with the Group’s debt management policy.

As part of its new guidance, the Group has changed the way it calculates its “leverage ratio”, which is now defined as net financial debt, including lease liabilities (IFRS 16) and excluding capitalized debt issuance costs, divided by last-twelve-month adjusted EBITDA.

Finally, the Group has €255 million in available liquidity, including an undrawn credit line of €200 million. The Group is currently rated BB- by S&P and Ba3 by Moody’s.

Return on capital employed (ROCE) reached 7.7% in FY2026, compared to 7.1% in FY2025 and 3.3% in FY2024. It has, therefore, more than doubled in two years, reflecting the ramp-up of investments made and the maintenance of strict discipline in terms of investment.

FY2027 targets – Accelerate growth and value creation

In FY2026, OVHcloud achieved all of its targets, as specified in the publication of its half-year results.

Here the FY 2027 targets:

KPI	FY 2027 Targets
Like-for-Like growth	Above 10%
Adjusted EBITDA Margin	Above 42.5%
Levered Free Cash-Flow	Positive
ROCE	Above 9%
Leverage	Below 2.7x

Highlights of the period and events after the reporting date

New contracts: In September, OVHcloud and CGI, one of the world leaders in management and end-to-end IT consulting, via its subsidiary CGI France Défense et Spatial, announced a multi-million euro contract over 30 months with the European Space Agency (ESA) to contribute to the construction of “Digital EO”;

Certification: In September, OVHcloud obtained the SecNumCloud qualification for SNC Cloud Platform and extended it to Europe. With SNC Cloud Platform, OVHcloud has obtained a third SecNumCloud qualification, after Bare Metal Pod and VMware on OVHcloud.

Conference call
OVHcloud’s management team is organising a conference call in English on Tuesday, 20 October 2026 at 8:30 a.m. (CEST – Paris).

You will find the connection links below:

• Webcast
• Conference call

After the conference, the replay of the webcast will be available in the Investor Relations section of the OVHcloud website at this link: https://corporate.ovhcloud.com/fr/investor-relations/financial-results/

Interactive webinar in French
OVHcloud’s management team is organising a webinar in French on Tuesday, 20 October 2026 at 5:45 p.m. (CEST – Paris). The Webinar can be accessed by clicking on this link: Webinar Registration Link

After the webinar, the replay will be available in the Investor Relations section of the OVHcloud website at this link: https://corporate.ovhcloud.com/fr/investor-relations/retail-shareholders-and-employees/

Calendar

7 January 2027: Q1 2027 revenue
11 February 2027: Combined Annual General Meeting

About OVHcloud
OVHcloud is a global player and the European leader in the Cloud, operating more than 500,000 servers in 46 datacenters on 4 continents for 1.7 million customers in more than 140 countries. Spearheading a trusted Cloud and a pioneer of a sustainable Cloud with the best price-performance ratio, for over 20 years, the Group has relied on an integrated model that gives it complete control of its value chain: from the design of its servers, to the construction and management of its datacenters, to the organisation of its fibre optic network. This unique approach allows it to independently cover all of its customers’ uses by allowing them to benefit from the virtues of an environmentally reasoned model with a frugal use of resources and a carbon footprint reaching the best ratios in the industry. Today, OVHcloud offers its customers state-of-the-art solutions combining high performance, price predictability and total sovereignty over their data, to support their growth in complete freedom.

OVHcloud Contacts

Media Relations Team	Investor Relations Team
media.france@ovhcloud.com	investor.relations@ovhcloud.com

Appendices

Glossary

The different Go to market categories are determined according to the following criteria:

• Starters: customers targeted by a digital channel and generating less than €25,000 in ARR (annual recurring revenue).
• Scalers: customers targeted by a digital channel and generating more than €25,000 in ARR (annual recurring revenue).
• Corporate: customers targeted either by a direct sales strategy, via calls for tender or the OVHcloud sales team, or an indirect sales strategy, via partners.

ROCE (Return on Capital Employed) is calculated by dividing the current year’s adjusted EBITDA after depreciation, amortisation and impairment and taxes by the prior year’s capital employed.

Capital employed corresponds to goodwill, property, plant and equipment and intangible assets, less working capital requirement net of tax.

Like-for-like or organic data are calculated at constant scope and exchange rates.

The net revenue retention rate for a period is equal to the percentage calculated by dividing (i) the revenue generated during that period by customers who were present during the same period the previous year, by (ii) the revenue generated by all customers during that period of the previous year. When the revenue retention rate is above 100%, it means that the revenue generated by the relevant customers has increased between the relevant period of the previous year and the same period of the current year, beyond the impact of lost revenue due to customer churn.

Current EBITDA is equal to revenue less the sum of personnel and other operating expenses (and excluding depreciation and amortisation charges, as well as items that are classified as “other non-current operating income and expenses”).

Adjusted EBITDA corresponds to current EBITDA adjusted to exclude share-based compensation and expenses resulting from the payment of earn-outs.

Levered Free Cash Flow represents the net cash flows from operating activities less Capex, less the repayment of lease liabilities, less financial interest paid, and includes dedicated financing related to specific transactions (excluding M&A).

Net financial debt is defined as financial debt excluding lease liabilities, less cash and cash equivalents.

The leverage ratio is defined as consolidated net financial debt, including lease liabilities (IFRS 16), divided by last-twelve-month (LTM) adjusted EBITDA.

Revenue by product segment and region

(in millions of euros)	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25		Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	FY26
Private Cloud	164.5	169.8	169.3	168.0	671.6		167.2	169.4	174.0	179.8	690.4
Public Cloud	50.3	53.5	53.6	61.9	219.2		58.2	60.4	65.6	70.9	255.1
Web Cloud & Other	48.8	49.2	49.0	46.8	193.8		49.8	50.2	50.0	49.7	199.7
Total Revenue	263.5	272.5	271.9	276.7	1,084.6		275.3	280.1	289.6	300.4	1,145.1
Growth (%)	Q1 FY26 LFL	Q2 FY26 LFL	Q3 FY26 LFL	Q4 FY26 LFL	FY26 LFL		Q1 FY26 reported	Q2 FY26 reported	Q3 FY26 reported	Q4 FY26 reported	FY26 reported
Private Cloud	+4.0%	+2.9%	4.0%	+7.1%	+4.5%		+1.7%	(0.2)%	+2.8%	+7.1%	+2.8%
Public Cloud	+15.8%	+14.5%	20.2%	+24.3%	+18.9%		+15.7%	+12.9%	+22.3%	+14.5%	+16.3%
Web Cloud & Other	+2.3%	+2.4%	2.0%	+6.0%	+3.2%		+2.7%	+2.2%	+1.9%	+6.0%	+3.0%
Total Revenue	+6.0%	+5.1%	+6.9%	+10.5%	+7.2%		+4.5%	+2.8%	+6.5%	+8.5%	+5.6%
(in millions of euros)	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25		Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	FY26
France	127.1	129.6	130.4	133.6	520.2		133.9	135.9	138.8	142.0	550.6
Europe (excl. France)	76.7	79.5	79.3	80.9	316.8		79.3	81.0	85.0	87.7	333.0
Rest of the World	59.7	63.4	62.2	62.2	247.6		62.1	63.1	65.8	70.6	261.6
Total Revenue	263.5	272.5	271.9	276.7	1,084.6		275.3	280.1	289.6	300.4	1,145.1
Growth (%)	Q1 FY26 LFL	Q2 FY26 LFL	Q3 FY26 LFL	Q4 FY26 LFL	FY26 LFL		Q1 FY26 reported	Q2 FY26 reported	Q3 FY26 reported	Q4 FY26 reported	FY26 reported
France	+5.2%	+4.8%	5.8%	+8.3%	+6.0%		+5.3%	+4.9%	+6.4%	+6.3%	+5.9%
Europe (excl. France)	+4.1%	+2.9%	7.4%	+11.0%	+6.4%		+3.3%	+2.0%	+7.3%	+8.4%	+5.1%
Rest of the World	+10.5%	+8.5%	8.6%	+14.7%	+10.7%		+4.0%	(0.4%)	+5.8%	+13.5%	+5.7%
Total Revenue	+6.0%	+5.1%	+6.9%	+10.5%	+7.2%		+4.5%	+2.8%	+6.5%	+8.5%	+5.6%

Consolidated income statement

(in millions of euros)	FY2025	FY2026
Revenue	1,084.6	1,145.1
Directs costs	(375.6)	(374.9)
Gross margin(1)	709.0	770.2
Sales and marketing costs and general and administrative expenses	(287.7)	(309.8)
Current EBITDA (2)	421.3	460.5
Equity-settled and cash-settled compensation plans and earn-outs	16.5	20.0
Adjusted EBITDA (2)	437.8	480.5
Depreciation, amortisation and impairment expenses	(354.4)	(378.3)
Other non-current operating income & expenses	2.6	(4.4)
Operating results (EBIT)	69.4	77.8
Net finance income (expense)	(65.1)	(57.2)
Income tax	(3.9)	(11.2)
Consolidated net income	0.4	9.4

1. As part of the continuous improvement of its processes, the Group refined its analysis of the distribution of payroll costs between direct costs and general expenses. Payroll costs are now allocated by function according to their attachment to the cost centre, without using an allocation key. A pro forma comparison is therefore presented, taking into account this improvement in monitoring processes.
2. The current EBITDA indicator corresponds to operating results before depreciation, amortisation and other non-current operating income and expenses.

Reconciliation between current EBITDA and adjusted EBITDA

(in millions of euros)	FY2025	FY2026
Current EBITDA	421.3	460.5
Equity-settled and cash-settled compensation plans & Earn out compensation	16.5	20.0
Adjusted EBITDA	437.8	480.5

Consolidated statement of financial position

(in millions of euros)	FY2025	FY2026
Goodwill	59.1	89.4
Other intangible assets	297.4	302.0
Property, plant and equipment	993.3	1,071.1
Right-of-use assets in relation to leases	134.9	129.5
Derivative financial instruments – non-current assets	2.5	4.4
Other non-current receivables(1)	22.4	19.6
Non-current financial assets	2.1	2.2
Deferred tax assets	19.9	15.5
Total non-current assets	1,531.6	1,633.7
Customers	53.2	69.2
Other receivables and current assets(1)	74.0	84.2
Current tax assets	1.7	1.3
Derivative financial instruments – current assets	0.0	0.1
Cash and cash equivalents	41.9	55.3
Total current assets	170.7	210.1
TOTAL ASSETS	1,702.3	1,843.8
(in millions of euros)	FY2025	FY2026
Share capital	151.7	153.5
Share premiums	102.6	129.1
Reserves and retained earnings	(226.5)	(217.4)
Net income	0.4	9.4
Equity	28.2	74.5
Non-current financial debt	1,133.3	1,137.0
Non-current lease liabilities	117.5	107.3
Derivative financial instruments – non-current liabilities	1.2	0.1
Other non-current financial liabilities	12.9	15.8
Non-current provisions	15.3	16.8
Deferred tax liabilities	8.7	9.9
Other non-current liabilities	17.0	19.9
Total non-current liabilities	1,305.9	1,306.7
Current financial debt	11.3	75.0
Current lease liabilities	33.4	37.0
Current provisions	14.4	8.2
Account payables	116.5	118.6
Current tax liabilities	13.1	10.6
Derivative financial instruments – liabilities	0.3	0.2
Other current liabilities	179.2	213.0
Total current liabilities	368.1	462.5
TOTAL LIABILITIES AND EQUITY	1,702.3	1,843.8

^{(1) Research tax credit receivables with a maturity of more than 12 months have been reclassified as other non-current receivables.}
Consolidated statement of cash flows

(in millions of euros)		FY2025	FY2026
Net income		0.4	9.4
Adjustments to net income items:
Depreciation, amortisation and impairment of non-current assets and right-of-use assets		354.4	378.2
Changes in provisions		(1.6)	(6.3)
(Gains)/losses on asset disposals and other write-offs and revaluations		(3.4)	6.1
Expense related to share allocations (excluding social charges)		7.5	8.8
(Income)/tax expense		3.9	11.2
Net finance income (expense) (excluding foreign exchange differences)		60.5	60.0
Gross cash flow from operating activities	A	421.9	467.4
Changes in net operating receivables and other receivables		(8.8)	(65.4)
Changes in operating payables and other payables		9.8	80.5
Changes in operating working capital requirement	B	1.0	15.1
Tax paid	C	(3.8)	(8.5)
Net cash flows from operating activities	D=A+B+C	419.0	474.0
Cash outflows related to acquisitions of property, plant and equipment and intangible assets		(368.9)	(422.4)
Proceeds from disposal of intangible assets		7.5	0.0
Cash inflows/(outflows) related to business combinations, net of cash		(0.0)	(0.3)
Cash inflows/(outflows) related to loans and advances granted		(0.3)	(5.2)
Net cash flows from (used in) investing activities	E	(361.8)	(427.9)
Acquisition of treasury shares		(356.1)	(8.3)
Increase in debt levels		1,396.3	88.8
Repayment of financial debt		(1,014.0)	(23.0)
Repayment of lease liabilities		(43.2)	(39.3)
Financial interest paid		(39.1)	(51.8)
Guarantee deposits received		(1.8)	3.6
Net cash flows from (used in) financing activities	F	(58.0)	(30.0)
Effect of exchange rate changes on cash and cash equivalents	G	(0.6)	(0.3)
Change in cash and cash equivalents	D+E+F+G	(1.4)	15.8
Cash and cash equivalents at beginning of the period		40.9	39.6
Cash and cash equivalents at end of the period		39.6	55.3

Attachment

• OVH_CP_English_vdef

Amsterdam, Netherlands – 20 October 2026 – Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, today announces its trading update for the third quarter of 2026.

Cabka continued its positive performance in the first nine months of 2026, recording revenue growth of 4% to €137.8 million, compared to €132.1 million in the same period last year. Third-quarter revenue amounted to €42.3 million, broadly stable year-on-year compared to €42.1 million in Q3 2025, consistent with the softer trading conditions anticipated at the half-year results. Profitability improved significantly, supported by a favorable product mix and continued cost discipline.

Cabka recorded continued growth across several key business activities during the first nine months of 2026, particularly in Mobility, Pooling, and Contract Manufacturing. In Europe, Mobility revenues increased by 96% year-on-year. Pooling and Systems revenues grew by 9%, benefiting from continued demand for reusable transport packaging solutions. Contract Manufacturing in Europe delivered strong growth of 30%, reflecting solid customer activity. In the US, Contract Manufacturing also contributed positively, supported by new customer programmes launched at the end of last year. This performance was partly offset by lower Portfolio and ECO business revenues.

Alexander Masharov, CEO of Cabka, commented: “Our revenue growth over the first nine months was supported by Mobility, Pooling, and Contract Manufacturing, while third-quarter revenue remained broadly stable. Demand remains uneven across our markets, reinforcing the importance of our focus on product mix, cost discipline, and profitable growth. We are also encouraged by renewed tender activity. Looking ahead, we confirm our full-year 2026 guidance for revenue growth and a higher EBITDA margin compared with 2025.”

Outlook
Cabka remains confident in its full-year 2026 guidance and expects revenue growth and a higher Operational EBITDA margin compared to full-year 2025.

Upcoming Events
On 24 November 2026, the company will host its Virtual Capital Markets Update. CEO, Alexander Masharov, and CFO, Mark Letterie, will share with you the update on Cabka’s Business Strategy 2030 and future growth plans.

Capital Markets Update Registration: https://edge.media-server.com/mmc/p/y8rtnd7q/#Live_5

Investor & Media contact:
investor-affairs@cabka.com
https://investors.cabka.com/   

Commercial contact:

info@cabka.com   
www.cabka.com

About Cabka
Cabka is in the business of recycling plastics from post-consumer and post-industrial waste into innovative reusable transport packaging (RTP), such as pallets and large container solutions, helping to improve sustainability across the logistics chain. ECO products are mainly construction and road safety products produced exclusively out of post-consumer waste.

Cabka is leading the industry in its integrated approach, closing the loop from waste to recycling to manufacturing. Backed by its own innovation center, it has the rare industry knowledge, capability, and capacity to maximize the use of recycled plastics by bringing them back into the production loop. Cabka is fully equipped to capture value across the full chain from waste to end products.

Cabka is listed at Euronext Amsterdam as of 1 March 2022 under the CABKA ticker with international securities identification number NL00150000S7.

Disclaimer
The content of this press release may include statements that are, or may be deemed to be, ‘’forward-looking statements’’. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ‘’believes’’, ‘’estimates’’, ‘’plans’’, ‘’projects’’, ‘’anticipates’’, ‘’expects’’, ‘’intends’’, ‘’may’’, ‘’will’’ or ‘’should’’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth, or strategies.

Readers are cautioned that any forward-looking statements are not guarantees of future performance. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this press release. The Company undertakes no obligation to publicly update or revise the information in this press release, including any forward-looking statements, except as may be required by law.

This document contains information that may qualify as inside information within the meaning of Article 7(1) of Regulation (EU) No 596/2014 on market abuse.

Amsterdam, Netherlands – 20 October 2026 – Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, today announces its trading update for the third quarter of 2026.

Cabka continued its positive performance in the first nine months of 2026, recording revenue growth of 4% to €137.8 million, compared to €132.1 million in the same period last year. Third-quarter revenue amounted to €42.3 million, broadly stable year-on-year compared to €42.1 million in Q3 2025, consistent with the softer trading conditions anticipated at the half-year results. Profitability improved significantly, supported by a favorable product mix and continued cost discipline.

Cabka recorded continued growth across several key business activities during the first nine months of 2026, particularly in Mobility, Pooling, and Contract Manufacturing. In Europe, Mobility revenues increased by 96% year-on-year. Pooling and Systems revenues grew by 9%, benefiting from continued demand for reusable transport packaging solutions. Contract Manufacturing in Europe delivered strong growth of 30%, reflecting solid customer activity. In the US, Contract Manufacturing also contributed positively, supported by new customer programmes launched at the end of last year. This performance was partly offset by lower Portfolio and ECO business revenues.

Alexander Masharov, CEO of Cabka, commented: “Our revenue growth over the first nine months was supported by Mobility, Pooling, and Contract Manufacturing, while third-quarter revenue remained broadly stable. Demand remains uneven across our markets, reinforcing the importance of our focus on product mix, cost discipline, and profitable growth. We are also encouraged by renewed tender activity. Looking ahead, we confirm our full-year 2026 guidance for revenue growth and a higher EBITDA margin compared with 2025.”

Outlook
Cabka remains confident in its full-year 2026 guidance and expects revenue growth and a higher Operational EBITDA margin compared to full-year 2025.

Upcoming Events
On 24 November 2026, the company will host its Virtual Capital Markets Update. CEO, Alexander Masharov, and CFO, Mark Letterie, will share with you the update on Cabka’s Business Strategy 2030 and future growth plans.

Capital Markets Update Registration: https://edge.media-server.com/mmc/p/y8rtnd7q/#Live_5

Investor & Media contact:
investor-affairs@cabka.com
https://investors.cabka.com/   

Commercial contact:

info@cabka.com   
www.cabka.com

About Cabka
Cabka is in the business of recycling plastics from post-consumer and post-industrial waste into innovative reusable transport packaging (RTP), such as pallets and large container solutions, helping to improve sustainability across the logistics chain. ECO products are mainly construction and road safety products produced exclusively out of post-consumer waste.

Cabka is leading the industry in its integrated approach, closing the loop from waste to recycling to manufacturing. Backed by its own innovation center, it has the rare industry knowledge, capability, and capacity to maximize the use of recycled plastics by bringing them back into the production loop. Cabka is fully equipped to capture value across the full chain from waste to end products.

Cabka is listed at Euronext Amsterdam as of 1 March 2022 under the CABKA ticker with international securities identification number NL00150000S7.

Disclaimer
The content of this press release may include statements that are, or may be deemed to be, ‘’forward-looking statements’’. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ‘’believes’’, ‘’estimates’’, ‘’plans’’, ‘’projects’’, ‘’anticipates’’, ‘’expects’’, ‘’intends’’, ‘’may’’, ‘’will’’ or ‘’should’’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth, or strategies.

Readers are cautioned that any forward-looking statements are not guarantees of future performance. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this press release. The Company undertakes no obligation to publicly update or revise the information in this press release, including any forward-looking statements, except as may be required by law.

This document contains information that may qualify as inside information within the meaning of Article 7(1) of Regulation (EU) No 596/2014 on market abuse.

GUADALAJARA, Mexico, Oct. 19, 2026 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports its consolidated results for the third quarter ended September 30, 2026 (3Q26). The results presented in this report include the effects of the business combination effective May 1, 2026. The figures are unaudited and have been prepared following International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Summary of Results 3Q26 vs. 3Q25

• The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,041.6 million, or 13.2%. Total revenues increased by Ps. 2,091.2 million, or 21.8%. Excluding the impact of the incorporation of Cross Border Xpress (“CBX”) operations, aeronautical and non-aeronautical services revenues would have increased by Ps. 266.1 million, or 3.4%, while total revenues would have increased by Ps. 1,315.7 million, or 13.7%.
• Cost of services increased by Ps. 409.2 million, or 26.8%. Excluding the impact of the incorporation of CBX operations, the cost of services would have increased by Ps. 192.5 million, or 12.6%.
• Income from operations increased by Ps. 897.7 million, or 21.6%. Excluding the contribution from CBX operations, operating income would have increased by Ps. 382.4 million, or 9.2%.
• EBITDA increased by Ps. 979.0 million, or 19.2%, an increase from Ps. 5,085.6 million in 3Q25 to Ps. 6,064.6 million in 3Q26. EBITDA margin (excluding the effects of IFRIC-12) went from 64.3% in 3Q25 to 67.8% in 3Q26.
• Comprehensive income increased by Ps. 807.3 million, or 32.8%, from an income of Ps. 2,457.8 million in 3Q25 to an income of Ps. 3,265.1 million in 3Q26.

Business Combination:

As of May 1, 2026, GAP’s consolidated results reflect the effects of the business combination, which included the integration of CBX operations and the internalization of technical assistance and technology transfer services. This transaction was approved by the Shareholders’ Meeting held on December 11, 2025, and formalized through the execution of the merger agreement signed on April 30, 2026.

The Company is currently in the process of determining the fair values of the assets acquired and liabilities assumed as a result of the business combination. Accordingly, the amounts related to this transaction presented in the consolidated financial statements included in this report are preliminary and subject to adjustment.

Passenger Traffic

During 3Q26, the 14 airports operated by GAP recorded a decrease of 222.0 thousand total passengers, representing a 1.4% decrease compared to 3Q25.

During this period, the following new routes were inaugurated:

Domestic
Airline	Departure	Arrival	Opening date	Frequencies
Viva	Manzanillo	Santa Lucía	July 2, 2026	3 weekly
Mexicana	Hermosillo	Santa Lucía	July 20, 2026	6 weekly
Mexicana	Guanajuato	Santa Lucía	July 20, 2026	6 weekly

 _{Note: Frequencies can vary without prior notice.}

International
Airline	Departure	Arrival	Opening date	Frequencies
Liat Air	Montego Bay	Guadeloupe	July 19, 2026	2 weekly

 _{Note: Frequencies can vary without prior notice.}

Domestic Terminal Passengers – 14 airports (in thousands):
Airport	3Q25	3Q26	Change	9M25	9M26	Change
Guadalajara	3,183.1	3,361.4	5.6%	9,295.2	9,583.0	3.1%
Tijuana*	2,237.3	2,145.6	(4.1%)	6,434.0	6,087.8	(5.4%)
Los Cabos	762.1	793.9	4.2%	2,170.7	2,145.5	(1.2%)
Puerto Vallarta	870.7	843.6	(3.1%)	2,354.6	2,267.6	(3.7%)
Montego Bay	0.0	0.0	(100.0%)	0.0	0.0	(100.0%)
Guanajuato	575.9	573.3	(0.5%)	1,668.3	1,617.9	(3.0%)
Hermosillo	537.1	516.8	(3.8%)	1,591.3	1,494.6	(6.1%)
Kingston	0.8	0.4	(48.2%)	1.0	1.3	27.9%
Morelia	208.5	191.6	(8.1%)	567.7	556.3	(2.0%)
La Paz	347.2	372.7	7.4%	955.9	1,044.1	9.2%
Mexicali	330.4	284.1	(14.0%)	929.2	808.4	(13.0%)
Aguascalientes	164.0	188.0	14.6%	483.2	487.7	0.9%
Los Mochis	178.5	177.9	(0.3%)	522.9	516.7	(1.2%)
Manzanillo	31.5	37.3	18.5%	97.6	98.6	1.0%
Total	9,427.1	9,486.7	0.6%	27,071.6	26,709.5	(1.3%)

International Terminal Passengers – 14 airports (in thousands):
	3Q25	3Q26	Change	9M25	9M26	Change
Guadalajara	1,502.0	1,698.8	13.1%	4,396.2	4,689.8	6.7%
Tijuana*	974.6	1,049.1	7.7%	3,041.2	2,896.8	(4.7%)
Los Cabos	893.2	748.7	(16.2%)	3,500.5	3,205.7	(8.4%)
Puerto Vallarta	498.3	374.6	(24.8%)	2,819.9	2,272.6	(19.4%)
Montego Bay	1,243.6	957.7	(23.0%)	3,847.2	2,866.9	(25.5%)
Guanajuato	266.4	261.2	(1.9%)	782.1	741.2	(5.2%)
Hermosillo	19.1	21.1	10.1%	59.3	64.4	8.6%
Kingston	528.2	534.6	1.2%	1,409.7	1,384.8	(1.8%)
Morelia	195.7	196.8	0.6%	525.7	604.2	14.9%
La Paz	7.9	8.7	9.8%	25.5	34.0	33.5%
Mexicali	1.9	2.1	6.5%	5.5	5.8	4.0%
Aguascalientes	89.5	85.9	(4.1%)	245.7	248.1	1.0%
Los Mochis	2.2	2.8	27.2%	6.1	6.7	11.5%
Manzanillo	10.2	9.1	(11.0%)	72.4	62.1	(14.2%)
Total	6,232.7	5,951.1	(4.5%)	20,736.9	19,083.0	(8.0%)

 _{*CBX users are classified as international passengers.}

Total Terminal Passengers – 14 airports (in thousands):
Airport	3Q25	3Q26	Change	9M25	9M26	Change
Guadalajara	4,685.1	5,060.2	8.0%	13,691.4	14,272.9	4.2%
Tijuana*	3,211.9	3,194.8	(0.5%)	9,475.2	8,984.6	(5.2%)
Los Cabos	1,655.3	1,542.6	(6.8%)	5,671.1	5,351.2	(5.6%)
Puerto Vallarta	1,369.0	1,218.3	(11.0%)	5,174.5	4,540.2	(12.3%)
Montego Bay	1,243.6	957.7	(23.0%)	3,847.2	2,866.9	(25.5%)
Guanajuato	842.3	834.5	(0.9%)	2,450.4	2,359.1	(3.7%)
Hermosillo	556.2	537.9	(3.3%)	1,650.5	1,559.0	(5.5%)
Kingston	529.1	535.0	1.1%	1,410.7	1,386.0	(1.8%)
Morelia	404.2	388.4	(3.9%)	1,093.4	1,160.5	6.1%
La Paz	355.1	381.4	7.4%	981.4	1,078.2	9.9%
Mexicali	332.3	286.1	(13.9%)	934.7	814.1	(12.9%)
Aguascalientes	253.6	273.9	8.0%	728.9	735.8	1.0%
Los Mochis	180.7	180.7	(0.0%)	529.0	523.5	(1.0%)
Manzanillo	41.6	46.3	11.3%	170.0	160.7	(5.4%)
Total	15,659.8	15,437.8	(1.4%)	47,808.5	45,792.6	(4.2%)

 _{*CBX users are classified as international passengers.}

CBX Users (in thousands):
Airport	3Q25	3Q26	Change	9M25	9M26	Change
Tijuana	954.4	1,034.3	8.4%	2,984.0	2,856.4	(4.3%)

Consolidated Results for the Third Quarter (in thousands of pesos):
	3Q25	3Q26	Change
Revenues
Aeronautical services	5,474,043	5,616,003	2.6%
Non-aeronautical services	2,431,480	3,331,087	37.0%
Improvements to concession assets (IFRIC-12)	1,671,060	2,720,728	62.8%
Total revenues	9,576,583	11,667,818	21.8%
Operating costs
Costs of services:	1,525,550	1,934,789	26.8%
Employee costs	633,119	714,248	12.8%
Maintenance	307,625	358,304	16.5%
Safety, security & insurance	243,706	280,581	15.1%
Utilities	174,887	171,364	(2.0%)
Professional services	43,383	52,052	20.0%
Business operated directly by us	84,697	87,614	3.4%
Other operating expenses	38,133	169,927	345.6%
CBX operating expenses	–	100,699	100.0%
Technical assistance fees	226,322	43,001	(81.0%)
Concession taxes	1,075,399	926,781	(13.8%)
Depreciation and amortization	935,683	1,016,905	8.7%
Cost of improvements to concession assets (IFRIC-12)	1,671,060	2,720,728	62.8%
Other (income)	(7,397)	(22,067)	198.3%
Total operating costs	5,426,617	6,620,137	22.0%
Income from operations	4,149,966	5,047,681	21.6%
Financial Result	(661,828)	(1,043,083)	57.6%
Income before income taxes	3,488,138	4,004,598	14.8%
Income taxes	(792,158)	(1,090,497)	37.7%
Net income	2,695,980	2,914,101	8.1%
Currency translation effect	(231,955)	352,888	(252.1%)
Cash flow hedges, net of income tax	2,692	–	(100.0%)
Remeasurements of employee benefit – net income tax	(8,929)	(1,869)	(79.1%)
Comprehensive income	2,457,788	3,265,120	32.8%
Non-controlling interest	(96,975)	(163,201)	68.3%
Comprehensive income attributable to controlling interest	2,360,813	3,101,919	31.4%
	3Q25	3Q26	Change
EBITDA	5,085,649	6,064,586	19.2%
Comprehensive income	2,457,788	3,265,120	30.9%
Comprehensive income per share (pesos)	4.8642	5.4874	12.8%
Comprehensive income per ADS (US dollars)	2.6932	3.0383	12.8%
Operating income margin	43.3%	43.3%	(0.2%)
Operating income margin (excluding IFRIC-12)	52.5%	56.4%	7.5%
EBITDA margin	53.1%	52.0%	(2.1%)
EBITDA margin (excluding IFRIC-12)	64.3%	67.8%	5.4%
Costs of services and improvements / total revenues	34.5%	39.9%	15.5%
Cost of services / total revenues (excluding IFRIC-12)	20.7%	21.6%	4.4%

– Net income and comprehensive income per share for 3Q26 and 3Q25 were calculated based on 595,018,195 shares outstanding as of September 30, 2026, and 505,277,464 as of September 30, 2025, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.0609 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on September 30, 2026.

– For consolidating the Jamaican airports and CBX, an average exchange rate of Ps. 17.2497 per U.S. dollar was used, corresponding to the three-month period ended September 30, 2026.

Revenues (3Q26 vs. 3Q25)

• Aeronautical services revenues increased by Ps. 142.0 million, or 2.6%.
• Non-aeronautical services revenues increased by Ps. 899.6 million, or 37.0%.
• Revenues from improvements to concession assets increased by Ps. 1,049.6 million, or 62.8%.
• Total revenues increased by Ps. 2,091.2 million, or 21.8%.

The change in aeronautical services revenues was primarily due to the following factors:

1. Revenues from the Mexican airports increased by Ps. 247.7 million, or 5.3%, compared to 3Q25, primarily driven by the gradual implementation of the maximum tariffs approved for the 2025–2029 regulatory period and an increase in passenger traffic of 0.4%. This growth was partially offset by the 7.5% appreciation of the Mexican peso against the U.S. dollar, which negatively impacted revenues from international tariffs denominated in U.S. dollars.
2. Revenues from the Jamaican airports decreased by Ps. 105.7 million, or 12.7%, compared to 3Q25, mainly due to a 15.8% decrease in passenger traffic during the quarter. In addition, the appreciation of the Mexican peso against the U.S. dollar negatively affected the translation of revenues.

The change in non-aeronautical services revenues was primarily driven by the following factors:

1. Revenues from the Mexican airports increased by Ps. 163.2 million, or 7.6%, compared to 3Q25. Revenues from businesses operated directly by us increased by Ps. 164.0 million, or 14.2%, while revenues from businesses operated by third parties decreased by Ps. 0.8 million, or 1.4%.
2. Revenues from the Jamaican airports decreased by Ps. 39.1 million, or 13.2%, compared to 3Q25, primarily due to the decline in passenger traffic and the peso appreciation against the U.S. dollar during 3Q26.
3. Revenues generated by CBX amounted to Ps. 775.5 million, equivalent to US$44.6 million. During this period, a total of 1,034,274 passengers used the facilities in both directions, representing an average revenue of US$43.1 per user.

Non-aeronautical revenues for the Third Quarter (in thousands of pesos):
	3Q25	3Q26	Change
Businesses operated by third parties:
Food and beverage	321,111	318,723	(0.7%)
Car rental	216,384	206,567	(4.5%)
Retail	182,824	181,566	(0.7%)
Duty-free	193,930	170,145	(12.3%)
Leasing of space	98,210	109,902	11.9%
Timeshares	64,409	60,594	(5.9%)
Ground transportation	43,384	40,808	(5.9%)
Other commercial revenues	37,085	37,840	2.0%
Communications and financial services	29,791	25,391	(14.8%)
Total	1,187,128	1,151,536	(3.0%)
Businesses operated directly by us:
CBX revenues	–	775,507	100.0%
Cargo operation and bonded warehouse	558,941	674,777	20.7%
Car parking	194,318	202,359	4.1%
Convenience stores	158,158	176,504	11.6%
VIP Lounges	152,028	160,561	5.6%
Advertising	71,445	84,453	18.2%
Hotel operation	48,892	47,045	(3.8%)
Total	1,183,783	2,121,206	79.2%
Recovery of costs	60,569	58,346	(3.7%)
Total Non-aeronautical Revenues	2,431,480	3,331,087	37.0%

_{Figures expressed in thousands of Mexican pesos.}

‐        Revenues from improvements to concession assets ¹

Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 1,049.6 million, or 62.8%, compared to 3Q25. The change was composed of:

1. Improvements to concession assets at the Company’s Mexican airports, increased by Ps.970.3 million, or 66.8%, in line with the investments committed under the Master Development Program for the 2025–2029 period.
2. Improvements to concession assets at the Company’s Jamaican airports, which increased by Ps. 79.4 million, or 36.3%, primarily due to investments at Kingston Airport.

_{¹ Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.}

Total operating costs increased by Ps. 1,193.5 million, or 22.0%, compared to 3Q25, mainly due to Ps. 1,049.6 million, or 62.8%, increase in the cost of improvements to concession assets (IFRIC 12); a Ps. 409.2 million, or 26.8%, increase in cost of services; and a Ps. 81.2 million, or 8.7%, increase in depreciation and amortization. These increases were partially offset by Ps. 183.3 million, or 81.0%, decrease in technical assistance fees, and Ps. 148.6 million decrease in concession fees, or 13.8%. Excluding the cost of improvements to concession assets (IFRIC 12), operating expenses increased by Ps. 143.9 million, or 3.8%, compared to 3Q25.

The changes in total operating costs were primarily due to the following factors:

Mexican airports: 

• Operating costs increased by Ps. 993.0 million, or 22.7%, compared to 3Q25, primarily due to a Ps. 970.3 million increase in the cost of improvements to concession assets (IFRIC 12); a Ps. 223.8 million increase in cost of services; and a Ps. 42.1 million increase in depreciation and amortization. These increases were partially offset by Ps. 183.3 million decrease in technical assistance fees, and Ps. 46.0 million in concession fees.

The change in the cost of services at our Mexican airports during 3Q26 was mainly due to:

• Employee costs increased by Ps. 84.7 million, or 14.8%, mainly due to an increase in operational personnel at the airports and bonded warehouse, as well as salary adjustments.
• Maintenance increased by Ps. 35.2 million, or 13.5%, mainly due to the opening of new operational areas, and airfield maintenance.
• Safety, security, and insurance increased by Ps. 24.0 million, or 13.1%, mainly due to an increase in security personnel headcount, minimum wage adjustments, and higher insurance costs related to goods safeguarded within the bonded warehouse.

Jamaican Airports:

• Operating expenses decreased by Ps. 58.5 million, or 4.2%, compared to 3Q25, mainly due to a decrease of Ps. 102.6 million, or 22.7%, in concession fees, resulting from lower revenues at Montego Bay airport; a Ps. 31.3 million, or 13.6%, decrease in cost of services; and a Ps. 3.8 million, or 2.7%, decrease in depreciation and amortization. These decreases were partially offset by Ps. 79.4 million, or 36.3%, increase in the cost of improvements to concession assets (IFRIC 12).

Cross Border Xpress:

• CBX’s operating expenses amounted to Ps. 260.2 million during 3Q26, primarily consisting of cost of services of Ps. 216.7 million and depreciation and amortization of Ps. 42.9 million.

Operating income margin remained at 43.3% in both quarters. Excluding the effects of IFRIC-12, the operating income margin increased from 52.5% in 3Q25 to 56.4% in 3Q26. Income from operations increased by Ps. 897.7 million, or 21.6%, compared to 3Q25, with CBX contributing Ps. 515.3 million.

EBITDA margin decreased from 53.1% in 3Q25 to 52.0% in 3Q26. Excluding the effects of IFRIC-12, EBITDA margin increased from 64.3% in 3Q25 to 67.8% in 3Q26. EBITDA increased by Ps. 979.0 million, or 19.2%, compared to 3Q25. EBITDA margin growth, excluding the effects of IFRIC 12, was partially offset by the impact on the Jamaican airports from the appreciation of the Mexican peso and lower passenger traffic. CBX contributed Ps. 558.2 million, with an EBITDA margin of 72.0%.

Financial results increased expenses by Ps. 381.3 million, or 57.6%, going from a net expense of Ps. 661.8 million in 3Q25 to a net expense of Ps. 1,043.1 million in 3Q26. This change was mainly the result of:

• Foreign exchange gains increased from Ps. 60.9 million in 3Q25 to Ps. 114.1 million in 3Q26, resulting in an additional foreign exchange gain of Ps. 53.2 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect resulted in a gain of Ps. 584.8 million.
• Interest expense increased by Ps. 473.9 million, or 41.8%, compared to 3Q25, primarily due to higher debt levels to finance airport CAPEX and the acquisition of a 25% equity interest in CBX.
• Interest income increased by Ps. 38.9 million, or 18.2%, compared to 3Q25, mainly due to the increase in cash and cash equivalents.

In 3Q26, net and comprehensive income increased by Ps. 807.3 million, or 32.8%, compared to 3Q25, primarily driven by a Ps. 516.5 million, or 14.8%, increase in income before taxes, mainly attributable to the increase in EBITDA, as previously described.

Net income increased by Ps. 218.1 million, or 8.1%, compared to 3Q25. Income tax increased by Ps. 298.3 million, or 37.7%, reflecting a Ps. 129.1 million increase in current income tax and a Ps. 169.2 million decrease in the deferred tax benefit. This was mainly attributable to a lower inflationary effect, as inflation decreased from 0.7% in 3Q25 to 0.4% in 3Q26, and a Ps. 88.4 million decrease in the recognition of tax loss carryforwards compared to the same quarter of 2025.

Consolidated Results for the Nine Months (in thousands of pesos):
	9M25	9M26	Change
Revenues
Aeronautical services	17,236,364	17,428,572	1.1%
Non-aeronautical services	7,268,014	8,897,278	22.4%
Improvements to concession assets (IFRIC-12)	7,009,385	8,001,304	14.2%
Total revenues	31,513,762	34,327,155	8.9%
Operating costs
Costs of services:	4,545,888	5,403,138	18.9%
Employee costs	1,885,203	2,168,367	15.0%
Maintenance	821,358	935,621	13.9%
Safety, security & insurance	691,429	774,349	12.0%
Utilities	448,850	445,591	(0.7%)
Professional services	149,446	193,938	29.8%
Business operated directly by us	258,665	276,570	6.9%
Other operating expenses	290,936	437,511	50.4%
CBX operating expenses	–	171,191	100.0%
Technical assistance fees	731,901	77,858	(89.4%)
Concession taxes	3,052,380	2,789,402	(8.6%)
Depreciation and amortization	2,793,217	2,929,281	4.9%
Cost of improvements to concession assets (IFRIC-12)	7,009,385	8,001,304	14.2%
Other (income)	(43,542)	36,698	(184.3%)
Total operating costs	18,089,229	19,237,682	6.3%
Income from operations	13,424,533	15,089,473	12.4%
Financial Result	(2,324,863)	(2,712,625)	16.7%
Income before income taxes	11,099,670	12,376,849	11.5%
Income taxes	(2,890,438)	(3,257,230)	12.7%
Net income	8,209,234	9,119,619	11.1%
Currency translation effect	(730,540)	(55,268)	(92.4%)
Cash flow hedges, net of income tax	4,584	–	(100.0%)
Remeasurements of employee benefit – net income tax	23,837	16,842	(29.3%)
Comprehensive income	7,507,114	9,081,193	21.0%
Non-controlling interest	(302,853)	(404,575)	33.6%
Comprehensive income attributable to controlling interest	7,204,263	8,676,618	20.4%
	9M25	9M26	Change
EBITDA	16,217,750	18,018,755	11.1%
Comprehensive income	7,507,114	9,081,193	21.0%
Comprehensive income per share (pesos)	14.8574	15.2620	2.7%
Comprehensive income per ADS (US dollars)	8.2263	8.4503	2.7%
Operating income margin	42.6%	44.0%	3.2%
Operating income margin (excluding IFRIC-12)	54.8%	57.3%	4.6%
EBITDA margin	51.5%	52.5%	2.0%
EBITDA margin (excluding IFRIC-12)	66.2%	68.4%	3.4%
Costs of services and improvements / total revenues	37.0%	39.0%	5.6%
Cost of services / total revenues (excluding IFRIC-12)	19.0%	20.5%	8.3%

– Net income and comprehensive income per share for 9M26 and 9M25 were calculated based on 595,018,195 and 505,277,464 shares outstanding, respectively. U.S. dollar figures were converted from pesos using an exchange rate of Ps. 18.0609 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on September 30, 2026.

– For the purpose of consolidating Jamaican airports and CBX, an average exchange rate of Ps. 17.4043 per U.S. dollar was used, corresponding to the nine months ended September 30, 2026.

Revenues (9M26 vs. 9M25)

• Aeronautical services revenues increased by Ps. 192.2 million, or 1.1%.
• Non-aeronautical services revenues increased by Ps. 1,629.3 million, or 22.4%.
• Revenues from improvements to concession assets increased by Ps. 991.9 million, or 14.2%.
• Total revenues increased by Ps. 2,813.4 million, or 8.9%.

The change in aeronautical services revenues comprised primarily of the following factors:

1. Revenues from the Mexican airports increased by Ps. 688.4 million, or 4.7%, compared to 9M25, primarily due to the gradual implementation of the maximum tariffs approved for the 2025–2029 regulatory period. This effect was partially offset by the 10.9% appreciation of the Mexican peso against the U.S. dollar and a 2.4% decline in passenger traffic.
2. Revenues from the Jamaican airports decreased by Ps. 496.2 million, or 19.3%, compared to 9M25, mainly due to a 19.1% decline in passenger traffic, as well as the appreciation of the Mexican peso against the U.S. dollar.

The change in non-aeronautical services revenues comprised primarily of the following factors:

1. Revenues from the Mexican airports increased by Ps. 550.6 million, or 8.6%, compared to 9M25, primarily driven by a Ps. 553.8 million, or 17.1%, increase in revenues from businesses operated directly by us.
2. Revenues from the Jamaican airports decreased by Ps. 164.9 million, or 18.3%, compared to 9M25, mainly due to lower passenger traffic and the appreciation of the Mexican peso against the U.S. dollar.
3. CBX generated total revenues of Ps. 1,243.6 million, equivalent to US$71.5 million, during the May to September 2026 period. During this period, a total of 1,660,698 passengers used the CBX facilities in both directions, resulting in average revenue of US$43.1 per user.

Non-aeronautical revenues for the Nine Months (in thousands of pesos):
	9M25	9M26	Change
Businesses operated by third parties:
Food and beverage	1,006,370	997,741	(0.9%)
Car rental	632,809	632,312	(0.1%)
Retail	565,429	549,433	(2.8%)
Duty-free	618,776	523,271	(15.4%)
Leasing of space	328,068	321,027	(2.1%)
Timeshares	203,132	185,689	(8.6%)
Other commercial revenues	168,120	173,916	3.4%
Ground transportation	151,152	140,876	(6.8%)
Communications and financial services	90,033	82,759	(8.1%)
Total	3,763,889	3,607,023	(4.2%)
Businesses operated directly by us:
Cargo operation and bonded warehouse	1,507,323	1,849,367	22.7%
CBX revenues	–	1,243,606	100.0%
Car parking	550,659	588,354	6.8%
Convenience stores	489,246	547,025	11.8%
VIP Lounges	488,364	478,873	(1.9%)
Advertising	149,652	192,694	28.8%
Hotel operation	123,215	141,109	14.5%
Other businesses operated directly by us	–	56,263	100.0%
Total	3,308,459	5,097,291	54.1%
Recovery of costs	195,666	192,964	(1.4%)
Total Non-aeronautical Revenues	7,268,014	8,897,278	22.4%

_{Figures expressed in thousands of Mexican pesos.}

‐        Revenues from improvements to concession assets ¹

Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 991.9 million, or 14.2%, compared to 9M25. The change was composed of:

1. Improvements to concession assets at the Company’s Mexican airports, which increased by Ps. 626.8 million, or 9.4%, following investments under the Master Development Program for the 2025-2029 period.
2. Improvements to concession assets at the Company’s Jamaican airports, which increased Ps. 365.1 million, or 99.0%.

_{¹ Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.}

Total operating cost increased by Ps. 1,148.5 million, or 6.3%, compared to 9M25, primarily due to an increase of Ps. 991.9 million, or 14.2%, in the cost of improvements to the concession assets (IFRIC-12); a Ps. 857.3 million, or 18.9%, increase in cost of services; a Ps. 136.1 million, or 4.9%, increase in depreciation and amortization; and a Ps. 80.2 million increase other expenses. These increases were partially offset by Ps. 262.9 million, or 8.6%, decrease in concession taxes, and Ps. 654.0 million, or 89.4%, decrease in technical assistance fees. Excluding costs related to improvements to concession assets (IFRIC 12), operating expenses increased by Ps. 156.5 million, or 1.4%.

Mexican airports: 

• Operating costs increased by Ps. 782.9 million, or 5.1%, compared to 9M25, primarily due to a Ps. 626.8 million, or 9.4%, increase in cost of improvements to concession assets (IFRIC 12); a Ps. 553.9 million increase in cost of services; Ps. 79.8 million in other non-recurring expenses; a Ps. 82.9 million increase in concession taxes; and a Ps. 93.5 million increase in depreciation and amortization. These increases were partially offset by a Ps. 654.0 million, or 89.4%, decrease in technical assistance fees.

The change in the cost of services at our Mexican airports during 9M26 was mainly due to:

• Employee costs increased by Ps. 287.8 million, or 17.0%, primarily due to salary adjustments and additional operating personnel.
• Maintenance increased by Ps. 90.9 million, or 13.3%, primarily due to the opening of new operational and terminal areas, as well as airfield maintenance activities.
• Safety, security and insurance increased by Ps. 80.1 million, or 15.9%, primarily due to increased security staffing, significant minimum wage increases, and higher insurance costs associated with safeguarding goods at the bonded warehouse.

Jamaican Airports:

• Operating costs decreased by Ps. 70.3 million, or 2.5%, compared to 9M25, mainly due to a Ps. 345.9 million, or 25.9%, decrease in concession fees, a decrease of Ps. 65.6 million, or 9.1%, in cost of services, and a Ps. 25.1 million, or 5.7% decrease in depreciation and amortization. These effects were partially offset by an increase of Ps. 365.1 million, or 99.0%, in the cost of improvements to concession assets (IFRIC-12).

Cross Border Xpress:

• As of May 1, 2026, GAP’s consolidated results include CBX’s operating expenses of Ps. 437.2 million, consisting of Ps. 368.9 million in cost of services and Ps. 67.6 million in depreciation and amortization, corresponding to five months of operations.

Operating income margin increased from 42.6% in 9M25 to 44.0% in 9M26. Excluding the effects of IFRIC-12, the operating income margin went from 54.8% in 9M25 to 57.3% in 9M26. Income from operations increased by Ps. 1,665.0 million, or 12.4%, compared to 9M25, with CBX contributing Ps. 806.4 million.

EBITDA margin went from 51.5% in 9M25 to 52.5% in 9M26. Excluding the effects of IFRIC-12, EBITDA margin went from 66.2% in 9M25 to 68.4% in 9M26. EBITDA increased by Ps. 1,801.0 million, or 11.1%, compared to 9M25. CBX contributed Ps. 874.0 million, with an EBITDA margin of 70.3%.

Financial results increased in expenses by Ps. 387.8 million, or 16.7%, from a net expense of Ps. 2,324.9 million in 9M25 to Ps. 2,712.6 million in 9M26.   This change was mainly the result of:

• Foreign exchange fluctuations, which went from a loss of Ps. 103.3 million in 9M25 to a gain of Ps. 270.2 million in 9M26, resulting in a foreign exchange gain of Ps. 373.5 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect generated a gain of Ps. 675.3 million compared to 9M25.
• Interest expense increased by Ps.763.2 million, or 25.5%, compared to 9M25, mainly due to higher borrowings of bank loans.
• Interest income increased by Ps. 2.0 million, or 0.1%, compared to 9M25.

In 9M26, net and comprehensive income increased by Ps. 1,574.1 million, or 21.0%, compared to 9M25. Income before taxes increased by Ps. 1,277.2 million, mainly due to the increase in EBITDA, as mentioned above.

During 9M26, net income increased by Ps. 910.4 million, or 11.1%, compared to 9M25, mainly due to the increase in EBITDA, partially offset by an increase in financial expenses. Income tax expense increased by Ps. 366.8 million, reflecting a Ps. 86.5 million increase in current income tax expense and a Ps. 280.1 million decrease in the deferred tax benefit.

Statement of Financial Position

As of September 30, 2026, total assets increased by Ps. 63,515.2 million compared to the same period in 2025, primarily due to: i) a Ps. 37,926.5 million increase in goodwill and intangible assets; ii) a Ps. 12,269.6 million increase in cash and cash equivalents; and iii) a net increase of Ps. 12,519.7 million in land, construction in progress, advances to suppliers, machinery, equipment, and improvements to leased buildings, partially offset by a decrease in improvements to concession assets.

Total liabilities increased by Ps. 28,464.7 million compared to the same period in 2025, primarily due to: i) a Ps. 14,615.7 million increase in short- and long-term bank loans and accrued interest; ii) a Ps. 12,512.9 million increase in dividends payable; and iii) a Ps. 2,767.2 million increase in accounts payable. These increases were partially offset by a Ps. 1,261.6 million decrease in other short- and long-term liabilities. 

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019. In May 2026, GAP completed a business combination pursuant to which it acquired full ownership of the Cross Border Xpress (“CBX”), a cross-border terminal located in San Diego, California and connected to the Tijuana International Airport.

	This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation. 

Exhibit A: Operating results by airport (in thousands of pesos):

Airport	3Q25	3Q26	Change	9M25	9M26	Change
Guadalajara
Aeronautical services	1,675,393	1,818,838	8.6%	4,826,909	5,282,883	9.4%
Non-aeronautical services	366,762	418,228	14.0%	1,076,093	1,198,671	11.4%
Improvements to concession assets (IFRIC 12)	32,396	1,118,313	3352.0%	2,381,248	3,354,940	40.9%
Total Revenues	2,074,551	3,355,380	61.7%	8,284,250	9,836,493	18.7%
Operating income	1,279,842	1,362,334	6.4%	3,704,807	3,999,164	7.9%
EBITDA	1,500,475	1,588,266	5.9%	4,344,993	4,695,857	8.1%
Tijuana
Aeronautical services	854,459	917,325	7.4%	2,442,392	2,599,959	6.5%
Non-aeronautical services	130,331	132,670	1.8%	380,982	390,841	2.6%
Improvements to concession assets (IFRIC 12)	386,094	453,866	17.6%	1,158,282	1,361,598	17.6%
Total Revenues	1,370,884	1,503,861	9.7%	3,981,656	4,352,398	9.3%
Operating income	539,959	555,630	2.9%	1,512,347	1,571,506	3.9%
EBITDA	668,966	678,962	1.5%	1,893,364	1,952,895	3.1%
Los Cabos
Aeronautical services	682,610	690,892	1.2%	2,533,180	2,574,899	1.6%
Non-aeronautical services	299,056	266,655	(10.8%)	1,011,056	945,436	(6.5%)
Improvements to concession assets (IFRIC 12)	205,863	212,863	3.4%	617,590	638,588	3.4%
Total Revenues	1,187,529	1,170,410	(1.4%)	4,161,825	4,158,923	(0.1%)
Operating income	528,725	477,586	(9.7%)	2,174,338	2,069,184	(4.8%)
EBITDA	633,293	583,399	(7.9%)	2,480,243	2,388,992	(3.7%)
Puerto Vallarta
Aeronautical services	489,808	496,282	1.3%	2,198,758	2,094,026	(4.8%)
Non-aeronautical services	131,037	117,574	(10.3%)	502,084	449,621	(10.4%)
Improvements to concession assets (IFRIC 12)	503,536	410,908	(18.4%)	1,510,609	1,232,724	(18.4%)
Total Revenues	1,124,382	1,024,765	(8.9%)	4,211,452	3,776,371	(10.3%)
Operating income	322,377	295,737	(8.3%)	1,687,809	1,505,950	(10.8%)
EBITDA	384,674	353,682	(8.1%)	1,878,895	1,689,373	(10.1%)
Cargo and bonded warehouse business
Non-aeronautical services	557,664	675,078	21.1%	1,506,045	1,849,668	22.8%
Total Revenues	557,664	675,078	21.1%	1,506,045	1,849,668	22.8%
Operating income	276,034	359,163	30.1%	872,798	1,142,528	30.9%
EBITDA	327,347	413,585	26.3%	946,330	1,218,811	28.8%
Montego Bay
Aeronautical services	489,463	351,195	(28.2%)	1,593,262	1,069,143	(32.9%)
Non-aeronautical services	233,167	192,103	(17.6%)	709,717	559,841	(21.1%)
Improvements to concession assets (IFRIC 12)	50,427	106,115	110.4%	163,781	205,166	25.3%
Total Revenues	773,056	649,413	(16.0%)	2,466,760	1,834,150	(25.6%)
Operating income	245,526	300,338	22.3%	893,543	708,857	(20.7%)
EBITDA	328,900	354,556	7.8%	1,152,712	929,002	(19.4%)

Exhibit A: Operating results by airport (in thousands of pesos):

Airport	3Q25	3Q26	Change	9M25	9M26	Change
Guanajuato
Aeronautical services	292,742	297,558	1.6%	841,372	854,709	1.6%
Non-aeronautical services	49,266	49,996	1.5%	146,806	145,531	(0.9%)
Improvements to concession assets (IFRIC 12)	130,222	73,383	(43.6%)	390,665	220,150	(43.6%)
Total Revenues	472,230	420,937	(10.9%)	1,378,844	1,220,390	(11.5%)
Operating income	219,684	204,421	(6.9%)	627,259	592,066	(5.6%)
EBITDA	244,716	234,089	(4.3%)	703,666	684,172	(2.8%)
Hermosillo
Aeronautical services	160,028	165,705	3.5%	465,274	479,546	3.1%
Non-aeronautical services	26,563	28,039	5.6%	83,324	82,617	(0.8%)
Improvements to concession assets (IFRIC 12)	17,224	5,657	(67.2%)	51,672	16,972	(67.2%)
Total Revenues	203,814	199,401	(2.2%)	600,270	579,135	(3.5%)
Operating income	87,456	67,035	(23.4%)	263,677	243,011	(7.8%)
EBITDA	113,054	91,459	(19.1%)	341,316	319,281	(6.5%)
Cross Border Xpress (1)
Non-aeronautical services	–	775,507	100.0%	–	1,243,606	100.0%
Total Revenues	–	775,507	100.0%	–	1,243,606	100.0%
Operating income	–	515,271	100.0%	–	806,366	100.0%
EBITDA	–	558,210	100.0%	–	873,999	100.0%
Others (2)
Aeronautical services	829,540	878,207	5.9%	2,335,216	2,473,408	5.9%
Non-aeronautical services	637,634	675,236	5.9%	1,851,907	2,031,446	9.7%
Improvements to concession assets (IFRIC 12)	345,298	339,622	(1.6%)	735,538	971,165	32.0%
Total Revenues	1,812,473	1,893,066	4.4%	4,922,661	5,476,019	11.2%
Operating income	767,852	910,165	18.5%	1,687,956	2,450,842	45.2%
EBITDA	1,078,392	1,208,378	12.1%	2,476,231	3,266,373	31.9%
Total
Aeronautical services	5,474,043	5,616,003	2.6%	17,236,364	17,428,572	1.1%
Non-aeronautical services	2,431,480	3,331,087	37.0%	7,268,014	8,897,278	22.4%
Improvements to concession assets (IFRIC 12)	1,671,060	2,720,728	62.8%	7,009,385	8,001,304	14.2%
Total Revenues	9,576,583	11,667,818	21.8%	31,513,762	34,327,155	8.9%
Operating income	4,149,966	5,047,681	21.6%	13,424,534	15,089,473	12.4%
EBITDA	5,085,649	6,064,586	19.2%	16,217,750	18,018,755	11.1%

(1)	Cross Border Xpress figures correspond to operations from May to September 2026.
(2)	Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, and Kingston airports, and other subsidiaries.

Exhibit B: Consolidated statement of financial position as of September 30 (in thousands of pesos):

	2025	2026	Change	%
Assets
Current assets
Cash and cash equivalents	11,669,498	23,939,139	12,269,641	105.1%
Trade accounts receivable – Net	3,092,764	3,166,293	73,529	2.4%
Other current assets	1,300,225	1,908,994	608,769	46.8%
Total current assets	16,062,487	29,014,426	12,951,939	80.6%
Advanced payments to suppliers	2,260,819	3,092,179	831,360	36.8%
Machinery, equipment and improvements to leased buildings – Net	4,483,734	6,709,301	2,225,567	49.6%
Improvements to concession assets – Net	21,126,479	23,522,494	2,396,015	11.3%
Construction in-progress	11,817,083	17,755,999	5,938,916	50.3%
Land	5,956,513	7,084,404	1,127,890	18.9%
Airport concessions – Net	8,931,658	8,368,862	(562,796)	(6.3%)
Rights to use airport facilities – Net	954,626	904,473	(50,153)	(5.3%)
Other acquired rights	1,868,285	1,592,955	(275,330)	(14.7%)
Goodwill/intangible assets	–	37,926,450	37,926,450	100.0%
Deferred income taxes – Net	8,688,584	9,090,910	402,326	4.6%
Other non-current assets	756,310	1,359,296	602,986	79.7%
Total assets	82,906,577	146,421,749	63,515,172	76.6%
Liabilities
Current liabilities
Bank loans and interest payable	5,028,636	19,434,447	14,405,812	286.5%
Concession fees	495,377	354,163	(141,214)	(28.5%)
Accounts payable	979,129	3,746,372	2,767,243	282.6%
Unrealized revenue	–	399,405	399,405	100.0%
Other current liabilities	1,471,865	848,290	(623,575)	(42.4%)
Dividends payable	–	12,512,864	12,512,864	100.0%
Total current liabilities	7,975,007	37,295,542	29,320,535	367.7%
Non-current Liabilities
Security deposits received	1,160,490	1,255,201	94,711	8.2%
Bank loans	5,309,086	5,519,003	209,918	4.0%
Other long-term liabilities	1,835,592	1,197,567	(638,025)	(34.8%)
Long-term local bonds payable	43,283,722	42,761,266	(522,456)	(1.2%)
Total liabilities	59,563,896	88,028,579	28,464,683	47.8%
Stockholders’ Equity
Common stock	1,194,390	1,406,522	212,132	17.8%
Legal reserve	238,878	238,878	–	0.0%
Retained earnings	16,980,228	16,043,600	(936,628)	(5.5%)
Reserve for share repurchase	2,500,000	2,500,000	–	0.0%
Foreign currency translation reserve	95,577	(231,014)	(326,591)	(341.7%)
Remeasurements of employee benefit – Net	32,120	34,725	2,605	8.1%
Premium on share subscription	–	35,766,611	35,766,611	100.0%
Total controlling interest	21,041,193	55,759,322	34,718,129	165.0%
Non-controlling interest	2,301,488	2,633,848	332,360	14.4%
Total stockholder’s equity	23,342,681	58,393,170	35,050,489	150.2%
Total liabilities and stockholders’ equity	82,906,577	146,421,749	63,515,172	76.6%

^{Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries.} 

Exhibit C: Consolidated statement of cash flows (in thousands of pesos):

	3Q25	3Q26	Change	9M25	9M26	Change
Cash flows from operating activities:
Consolidated net income	2,695,980	2,914,101	8.1%	8,209,234	9,119,619	11.1%
Postemployment benefit costs	18,062	20,278	12.3%	47,683	61,552	29.1%
Allowance expected credit loss	11,130	410	(96.3%)	23,398	61,620	163.4%
Depreciation and amortization	935,683	1,016,905	8.7%	2,793,217	2,929,281	4.9%
Loss (gain) on sale of machinery, equipment and improvements to leased assets	(435)	8,426	(2037.0%)	924	2,045	121.2%
Interest expense	1,028,380	1,155,076	12.3%	3,309,889	3,524,785	6.5%
Provisions	10,026	19,514	94.6%	(11,641)	55,613	(577.7%)
Income tax expense	792,158	1,090,497	37.7%	2,890,438	3,257,230	12.7%
Unrealized exchange loss	(87,406)	319,541	(465.6%)	(30,602)	190,223	(721.6%)
	5,403,578	6,544,748	21.1%	17,232,539	19,201,968	11.4%
Changes in working capital:
(Increase) decrease in
Trade accounts receivable	43,028	195,515	354.4%	(450,686)	327,939	(172.8%)
Recoverable tax on assets and other assets	(154,167)	(133,089)	(13.7%)	(46,803)	(154,320)	229.7%
Increase (decrease)
Concession taxes payable	(39,589)	260,658	(758.4%)	(254,695)	130,478	(151.2%)
Accounts payable	1,488,079	(266,541)	(117.9%)	1,441,592	(62,747)	(104.4%)
Cash generated  by operating activities	6,740,929	6,601,291	(2.1%)	17,921,947	19,443,319	8.5%
Income taxes paid	(2,477,296)	(1,102,145)	(55.5%)	(4,802,085)	(3,725,270)	(22.4%)
Net cash flows provided by operating activities	4,263,633	5,499,146	29.0%	13,119,861	15,718,047	19.8%
Cash flows from investing activities:
Machinery, equipment and improvements to concession assets	(4,218,537)	(3,679,727)	(12.8%)	(6,603,300)	(8,622,782)	30.6%
Cash flows from sales of machinery and equipment	836	(19,113)	(2386.2%)	2,610	(16,499)	(732.2%)
Other investment activities	1,079,384	144,894	(86.6%)	(653,186)	47,518	(107.3%)
Acquisition of a 25% interest in CBX	–	–	0.0%	–	(8,445,060)	100.0%
Net cash used by investment activities	(3,138,317)	(3,553,946)	13.2%	(7,253,875)	(17,036,823)	134.9%
Dividends declared and paid	(4,254,436)	–	(100.0%)	(8,508,872)	(203,882)	(97.6%)
Dividends paid to non-controlling interests	(411,347)	(126,099)	(69.3%)	(564,228)	(126,099)	(77.7%)
Cash and cash equivalentes from business combination	–	–	0.0%	–	5,428,000	100.0%
Bond certificates issued	8,500,000	–	(100.0%)	14,500,000	10,718,000	(26.1%)
Bond certificates paid	–	(2,757,588)	100.0%	(7,000,000)	(3,877,588)	(44.6%)
Bank loans paid	(2,233,515)	1,120,000	(150.1%)	(5,688,452)	(3,378,971)	(40.6%)
Bank loans	693,817	6,000,000	764.8%	3,942,915	10,498,971	166.3%
Interest paid on bank loans	(1,131,482)	(1,671,721)	47.7%	(3,437,967)	(3,941,744)	14.7%
Interest paid on lease	(493)	(2,672)	442.0%	(1,775)	(8,112)	357.1%
Payments of obligations for leasing	(9,449)	(13,176)	39.4%	(28,348)	(34,207)	20.7%
Net cash flows used in financing activities	1,153,095	2,548,744	121.0%	(6,786,727)	15,074,367	(322.1%)
Effects of exchange rate changes on cash held	(306,255)	(361,358)	18.0%	(875,787)	(269,651)	(69.2%)
Net  increase (decrease) in cash and cash equivalents	1,972,155	4,132,586	109.5%	(1,796,529)	13,485,941	(850.7%)
Cash and cash equivalents at beginning of the period	9,697,343	19,806,553	104.2%	13,466,026	10,453,198	(22.4%)
Cash and cash equivalents at the end of the period	11,669,498	23,939,139	105.1%	11,669,498	23,939,139	105.1%

Exhibit D: Consolidated statements of profit or loss and other comprehensive income (in thousands of pesos):

	3Q25	3Q26	Change	9M25	9M26	Change
Revenues
Aeronautical services	5,474,043	5,616,003	2.6%	17,236,364	17,428,572	1.1%
Non-aeronautical services	2,431,480	3,331,087	37.0%	7,268,014	8,897,278	22.4%
Improvements to concession assets (IFRIC-12)	1,671,060	2,720,728	62.8%	7,009,385	8,001,304	14.2%
Total revenues	9,576,583	11,667,818	21.8%	31,513,762	34,327,155	8.9%
Operating costs
Costs of services:	1,525,550	1,934,789	26.8%	4,545,888	5,403,138	18.9%
Employee costs	633,119	714,248	12.8%	1,885,203	2,168,367	15.0%
Maintenance	307,625	358,304	16.5%	821,358	935,621	13.9%
Safety, security & insurance	243,706	280,581	15.1%	691,429	774,349	12.0%
Utilities	174,887	171,364	(2.0%)	448,850	445,591	(0.7%)
Professional services	43,383	52,052	20.0%	149,446	193,938	29.8%
Business operated directly by us	84,697	87,614	3.4%	258,665	276,570	6.9%
Other operating expenses	38,133	169,927	345.6%	290,936	437,511	50.4%
CBX operating expenses	–	100,699	100.0%	–	171,191	100.0%
Technical assistance fees	226,322	43,001	(81.0%)	731,901	77,858	(89.4%)
Concession taxes	1,075,399	926,781	(13.8%)	3,052,380	2,789,402	(8.6%)
Depreciation and amortization	935,683	1,016,905	8.7%	2,793,217	2,929,281	4.9%
Cost of improvements to concession assets (IFRIC-12)	1,671,060	2,720,728	62.8%	7,009,385	8,001,304	14.2%
Other (income)	(7,397)	(22,067)	198.3%	(43,542)	36,698	(184.3%)
Total operating costs	5,426,617	6,620,137	22.0%	18,089,229	19,237,682	6.3%
Income from operations	4,149,966	5,047,681	21.6%	13,424,533	15,089,473	12.4%
Financial Result	(661,828)	(1,043,083)	57.6%	(2,324,863)	(2,712,625)	16.7%
Income before income taxes	3,488,138	4,004,598	14.8%	11,099,670	12,376,849	11.5%
Income taxes	(792,158)	(1,090,497)	37.7%	(2,890,438)	(3,257,230)	12.7%
Net income	2,695,980	2,914,101	8.1%	8,209,234	9,119,619	11.1%
Currency translation effect	(231,955)	352,888	(252.1%)	(730,540)	(55,268)	(92.4%)
Cash flow hedges, net of income tax	2,692	–	(100.0%)	4,584	–	(100.0%)
Remeasurements of employee benefit – net income tax	(8,929)	(1,869)	(79.1%)	23,837	16,842	(29.3%)
Comprehensive income	2,457,788	3,265,120	32.8%	7,507,114	9,081,193	21.0%
Non-controlling interest	(96,975)	(163,201)	68.3%	(302,853)	(404,575)	33.6%
Comprehensive income attributable to controlling interest	2,360,813	3,101,919	31.4%	7,204,263	8,676,618	20.4%

^{Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries.}

Exhibit E: Consolidated stockholders’ equity (in thousands of pesos):

	Common Stock	Legal Reserve	Reserve for Share Repurchase	Premium on share suscription	Retained Earnings	Other comprehensive income	Total controlling interest	Non-controlling interest	Total Stockholders’ Equity
Balance as of January 1, 2025	1,194,390	920,187	2,500,000	–	16,957,723	773,499	22,345,799	2,275,940	24,621,739
Decrease in legal reserve	–	(681,309)	–		681,309	–	–	–	–
Dividends declared	–	–	–		(8,508,872)	–	(8,508,872)	(277,305)	(8,786,177)
Comprehensive income:
Net income	–	–	–	–	7,850,068	–	7,850,068	359,171	8,209,239
Foreign currency translation reserve	–	–	–	–	–	(674,223)	(674,223)	(56,318)	(730,541)
Remeasurements of employee benefit – Net	–	–	–	–	–	23,837	23,837	–	23,837
Reserve for cash flow hedges – Net of income tax	–	–	–	–	–	4,584	4,584	–	4,584
Balance as of September 30, 2025	1,194,390	238,878	2,500,000	–	16,980,228	127,697	21,041,192	2,301,488	23,342,681
Balance as of January 1, 2026	1,194,390	238,878	2,500,000	–	18,695,331	(158,148)	22,470,451	2,365,480	24,835,931
Capital increase	212,132						212,132		212,132
Dividends declared	–	–	–		(12,376,379)	–	(12,376,379)	(136,206)	(12,512,585)
Increase from share suscription	–	–	–	35,766,611	–	–	35,766,611	–	35,766,611
Comprehensive income:
Net income	–	–	–	–	8,714,760	–	8,714,760	404,858	9,119,618
Retained earnings from business combination				–	1,009,888	–	1,009,888	–	1,009,888
Foreign currency translation reserve	–	–	–	–	–	(54,985)	(54,985)	(283)	(55,268)
Remeasurements of employee benefit – Net	–	–	–	–	–	16,842	16,842	–	16,842
Balance as of September 30, 2026	1,406,522	238,878	2,500,000	35,766,611	16,043,600	(196,291)	55,759,320	2,633,849	58,393,170

^{Non-controlling interest represents the minority shareholders’ ownership interests in certain of our subsidiaries.}

Exhibit F: Other operating data:

	3Q25	3Q26	Change	9M25	9M26	Change
Total passengers	15,659.6	15,437.8	(1.4%)	47,808.4	45,792.6	(4.2%)
Total cargo volume (in WLUs)	717.5	771.4	7.5%	2,054.8	2,218.8	8.0%
Total WLUs	16,377.1	16,209.3	(1.0%)	49,863.2	48,011.4	(3.7%)
Aeronautical & non aeronautical services per passenger (pesos)	504.8	579.6	14.8%	512.6	574.9	12.2%
Aeronautical services per WLU (pesos)	334.2	346.5	3.7%	345.7	363.0	5.0%
Non aeronautical services per passenger (pesos)	155.3	215.8	39.0%	152.0	194.3	27.8%
Cost of services per WLU (pesos)	93.2	119.4	28.1%	91.2	112.5	23.4%

_{WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).}

Saúl Villarreal, Chief Financial Officer Gisela Murillo, Investor Relations	svillarreal@aeropuertosgap.com.mx gmurillo@aeropuertosgap.com.mx +52 33 3880 1100 ext. 20294