Ravi Shankar – Page 824

All 2026 targets achieved. Excellence in execution, focus on value creation

Posted on October 20, 2026 by Ravi Shankar

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:

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

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.
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

Posted in UncategorizedTagged GlobeNewswire

All 2026 targets achieved. Excellence in execution, focus on value creation

Posted on October 20, 2026 by Ravi Shankar

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:

FY2026: a year of execution around structuring priorities

OVHcloud has refocused its customer approach

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

Targeted vertical approach in the “Digital Scalers” segment

Strong H2 sales momentum in the “Corporates” segment

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

Assets secured for FY27

Inflation passed on in an immediate and measured manner

Committed redefinition of the AI strategy

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%

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

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

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

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

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.

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

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:

Calendar

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

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.

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

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

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.
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

Posted in UncategorizedTagged GlobeNewswire

Cabka Reports Continued Revenue Growth and Strong Profitability in Q3 2026

Posted on October 20, 2026 by Ravi Shankar

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.

Posted in UncategorizedTagged GlobeNewswire

Cabka Reports Continued Revenue Growth and Strong Profitability in Q3 2026

Posted on October 20, 2026 by Ravi Shankar

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.

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

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

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.

Posted in UncategorizedTagged GlobeNewswire

Grupo Aeroportuario del Pacifico Announces Results for the Third Quarter of 2026

Posted on October 20, 2026 by Ravi Shankar

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:

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.
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:

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%.
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.
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:

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.
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:

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.
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:

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.
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.
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:

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.
Improvements to concession assets at the Company’s Jamaican airports, which increased Ps. 365.1 million, or 99.0%.

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 f}^{rom 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

Posted in UncategorizedTagged GlobeNewswire

Anteris Advances Global PARADIGM Trial Expansion with German Regulatory Clearance

Posted on October 20, 2026 by Ravi Shankar

MINNEAPOLIS and BRISBANE, Australia, Oct. 19, 2026 (GLOBE NEWSWIRE) — Anteris Technologies Global Corp. (“Anteris” or the “Company”) (NASDAQ: AVR, ASX: AVR) announced today that it has received full regulatory clearance from the German Federal Institute for Drugs and Medical Devices (BfArM) for the DurAVR^® Transcatheter Heart Valve (THV) global pivotal trial for patients with severe calcific aortic stenosis (the “PARADIGM Trial”). This clearance enables Anteris to initiate patient recruitment at leading German centers and represents an important step in expanding the PARADIGM Trial’s European footprint.

Germany is Europe’s largest and most established transcatheter aortic valve replacement (TAVR) market, with an extensive network of experienced structural heart centers and investigators. Activating sites in this high-volume environment is anticipated to increase access to eligible patients and accelerate enrollment in the PARADIGM Trial.

“Germany’s scale, clinical expertise and established TAVR infrastructure create an important opportunity to advance enrollment and extend PARADIGM’s reach across leading international TAVR markets,” said Wayne Paterson, Vice Chairman and Chief Executive Officer of Anteris.

The Company continues to execute its global clinical strategy through coordinated site activation and patient enrollment across the United States and Europe. Germany’s inclusion strengthens the trial’s European presence and adds meaningful scale to the PARADIGM Trial.

ENDS

About the PARADIGM Trial

The PARADIGM Trial is a prospective randomized controlled trial which will evaluate the safety and effectiveness of the DurAVR^® Transcatheter Heart Valve compared to commercially available transcatheter aortic valve replacements (TAVRs).

This head-to-head study will enrol approximately 1,000 patients in the ‘All Comers Randomized Cohort’ with 1:1 randomization of patients who will receive either the DurAVR^® THV or TAVR using commercially available and approved THVs. The PARADIGM Trial will assess non-inferiority on a primary composite endpoint of all-cause mortality, all stroke and cardiovascular hospitalization at one year post procedure.

For further information, please refer to ClinicalTrials.gov NCT07194265.

About Anteris

Anteris Technologies Global Corp. (NASDAQ: AVR, ASX: AVR) is a global healthcare company committed to designing, developing, and commercializing cutting-edge medical devices to restore healthy heart function. Founded in Australia, with a significant presence in Minneapolis, USA, Anteris is a science-driven company with an experienced team of multidisciplinary professionals delivering restorative solutions to structural heart disease patients.

Anteris’ lead product, the DurAVR^® THV, was designed in collaboration with the world’s leading interventional cardiologists and cardiac surgeons to treat aortic stenosis – a potentially life-threatening condition resulting from the narrowing of the aortic valve. The balloon-expandable DurAVR^® THV is the first biomimetic valve, which is shaped to mimic the performance of a healthy human aortic valve and aims to replicate normal aortic blood flow. DurAVR^®THV is made using a single piece of molded ADAPT^® tissue, Anteris’ patented anti-calcification tissue technology. ADAPT^® tissue, which is FDA-cleared, has been used clinically for over 10 years and distributed for use in over 55,000 patients worldwide. The DurAVR^® THV System is comprised of the DurAVR^® valve, the ADAPT^® tissue, and the balloon-expandable ComASUR^® Delivery System.

Forward-Looking Statements

This announcement contains forward-looking statements, including statements regarding the expectation that this regulatory clearance enables patient recruitment in Germany. Forward-looking statements include all statements that are not historical facts. Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “budget,” “target,” “aim,” “strategy,” “plan,” “guidance,” “outlook,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including those described under “Risk Factors” in Anteris’ Annual Report on Form 10-K for the fiscal period ended December 31, 2025 that was filed with the Securities and Exchange Commission and ASX. Readers are cautioned not to put undue reliance on forward-looking statements, and except as required by law, Anteris does not assume any obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

For more information:
Global Investor Relations investors@anteristech.com Debbie Ormsby Anteris Technologies Global Corp. +61 1300 550 310 \| +61 7 3152 3200	Investor Relations (US) mchatterjee@bplifescience.com Malini Chatterjee, Ph.D. Blueprint Life Science Group +1 917 330 4269

Website         www.anteristech.com
X                 @AnterisTech
LinkedIn         https://www.linkedin.com/company/anteristech

Posted in UncategorizedTagged GlobeNewswire

Broadcom to Advance NTT DOCOMO’s Private Cloud with VMware Cloud Foundation

Posted on October 20, 2026 by Ravi Shankar

Company’s First 10-year VMware Software Agreement in Japan Strengthens Infrastructure Resilience and Lays the Foundation for Next-generation Services

TOKYO, Oct. 19, 2026 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced that it has signed a 10-year agreement with NTT DOCOMO, INC. (DOCOMO) to continuously advance the private cloud that will underpin the company’s digital services over the next decade. The agreement will enable DOCOMO to continue delivering reliable digital services to its customers amid a rapidly changing business environment, marked by the expanding use of AI and increasingly sophisticated cyberattacks.

Since 2019, VMware, now Broadcom, has worked closely with DOCOMO to build and operate its private cloud with VMware Cloud Foundation (VCF) at its core. Building on this collaboration, the two companies will now align their long-term technology roadmaps to strengthen DOCOMO’s service infrastructure.

This is Broadcom Japan’s first (1) 10-year comprehensive agreement covering licenses, technical assistance and maintenance support for VMware products (2), including VCF.

Through this agreement, Broadcom will combine DOCOMO’s operational expertise in large-scale infrastructure with its technology and engineering resources to further improve the continuity, security and delivery speed of DOCOMO’s service infrastructure.

With VCF at the core, Broadcom will drive technical collaboration and operational excellence across three focus areas:

Continuous Service Availability
Leveraging VCF, DOCOMO will strengthen its ability to rapidly upgrade and maintain systems without service interruptions. Unified management of servers, storage, and networking will enable flexible capacity expansion to support future service growth. In addition, autonomous placement and scaling of system resources based on usage will maintain stable service quality even during traffic spikes. VCF Forte Support, which offers Broadcom’s highest-level service-level objectives (SLOs), will help sustain continuous system operations.

Proactive Security and Resilience
To counter increasingly sophisticated cyberattacks and emerging AI-driven threats, DOCOMO will further strengthen rapid and continuous security measures by leveraging VCF capabilities that enable timely patching, together with predictive anomaly detection. Continuous visibility across the entire system through VCF, combined with AIOps initiatives, will enable early detection of and rapid response to anomalies. Close engagement with dedicated Support Account Managers (SAM) and Technical Account Managers (TAM) will also enable DOCOMO to quickly incorporate the latest technologies and security measures.

Accelerated Service Delivery
By leveraging VMware vSphere Kubernetes Service (VKS), the native VCF Kubernetes runtime, DOCOMO will run virtual machines and containers on a common platform and use development and operations automation to streamline everything from environment provisioning to service delivery. Automating development, testing and release processes will enable new services and features to be rolled out in shorter cycles, allowing DOCOMO to respond quickly to evolving customer needs and market conditions.

Building on this long-term agreement, Broadcom will embark on the evolution of DOCOMO’s service infrastructure into a next-generation platform that will bring together virtual machines, containers and AI.

Leveraging a VCF-based private cloud platform, the two companies will jointly drive the automation and advancement of AI-driven operations that are expected to contribute to further improvements in service quality and delivery speed.

Broadcom will continue to collaborate with DOCOMO to ensure that its service infrastructure evolves through the flexible adoption of new technologies, in anticipation of future shifts in technology and the business environment, such as the expanding use of AI, new AI-driven threats, 6G and IOWN.

Executive Comments

Hiroshi Ishimaru, General Manager, Service Design Department, NTT DOCOMO, INC.
“At DOCOMO, we are enhancing our service infrastructure to ensure the stability and security that allow customers to use our digital services with peace of mind, while enabling it to respond flexibly and quickly to changes in technology and the market.”

“VMware products have long been used across a range of our systems, and through this long-term comprehensive agreement, we will further strengthen our technical collaboration with Broadcom. Going forward, while maintaining the reliable delivery of our existing services, we aim to build a service infrastructure that delivers new value to customers more quickly and reliably, with an eye toward future technological advances such as the expanding use of AI.”

Paul Turner, Chief Product Officer, VMware Cloud Foundation Division, Broadcom
“We are honored to continue to partner with DOCOMO, a company that supports Japan’s social infrastructure and digital lifestyles, on a long-term initiative for the next decade.”

“Over the past seven years, we have built a strong technical collaboration, and this agreement takes that relationship further, reflecting our shared commitment to continuously enhancing DOCOMO’s service infrastructure over the long term. With VMware Cloud Foundation at the core, Broadcom will provide a private cloud platform that runs virtual machines, containers, and AI workloads on a common foundation. Our engineering teams will work closely with DOCOMO’s so the company can continue to deliver secure, reliable digital services quickly.”

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Notes and Company Information

(1)	As a 10-year comprehensive agreement in Japan covering licenses, technical assistance and maintenance support for VMware products, as of October 20, 2026.
(2)	VMware products and related technical assistance and support covered by the agreement include: VMware Cloud Foundation, VMware Avi Load Balancer, VMware vDefend, VMware Tanzu Platform, Support Account Manager (SAM), Technical Account Manager (TAM) and VCF Forte Support.

Media Contacts:

Roger Fortier
VMware Cloud Foundation Division, Broadcom
+1.408.348.1569
roger.fortier@broadcom.com

Eloy Ontiveros
Broadcom Global Communications
+1.650.427.6145
eloy.ontiveros@broadcom.com

Posted in UncategorizedTagged GlobeNewswire

Cambria Gold Mines Announces Marketing Agreement with Maximus Strategic Consulting Inc.

Posted on October 20, 2026 by Ravi Shankar

VANCOUVER, British Columbia, Oct. 19, 2026 (GLOBE NEWSWIRE) — Cambria Gold Mines Inc. (TSXV: CAMB; OTCQX: CAMVF) (“Cambria” or the “Company”) announces that it has entered into an online marketing agreement in compliance with the policies and guidelines of the TSX Venture Exchange (“TSX-V”) with Maximus Strategic Consulting Inc. (“Maximus”). Pinnacle Digest and PinnacleDigest.com are business names of Maximus. Maximus has agreed to produce and distribute, through the email newsletter and YouTube channel of PinnacleDigest.com, a video highlighting the Company and its Premier Gold and Red Mountain projects. Additionally, all the Company’s news releases during the term of the online marketing agreement will be featured in Pinnacle Digest’s weekly email newsletter.

The Company’s engagement of Maximus will run for a period of four months, beginning on October 20, 2026. The Company has paid Maximus a one-time cash fee of C$150,000 (plus GST) for the services. Maximus’ business address is 300 – 1550 5 St. SW Calgary, Alberta. T2R 1K3, email address is support@pinnacledigest.com. Maximus and its principals are arm’s-length parties to the Company. Maximus does not have any interest, directly or indirectly, in the Company or its securities and will not receive any securities in the Company as a result of this engagement. The engagement of Maximus is subject to the approval of the TSX-V.

About Cambria Gold Mines

Cambria Gold Mines is a Canadian mining company headquartered in Vancouver, British Columbia, and its shares trade on the TSX-V under the ticker CAMB and on the OTCQX Market with the ticker CAMVF. Cambria is the 100% owner of the Premier Project and Red Mountain Gold Project that are located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia, as well as the large Mt. Margaret copper-gold porphyry deposit located in Washington State. For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.cambriagold.com.

On behalf of the Board of Directors of Cambria Gold Mines Inc.

Robert McLeod
CEO and Director

For further information contact:

Email: info@cambriagold.com
Phone: 778-725-1060

and:

Sam Brezden
Email: sam.brezden@cambriagold.com
Phone: 236-838-1840

Or visit:

https://cambriagold.com/

Cautionary Statements:

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws (“forward-looking statements”). Forward- looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “targeted”, “outlook”, “on track” and “intend” and statements that an event or result “may”, “will”, “should”, “could”, “would” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the drill results resulting in actual increases of resources and reserves; the timing and certainty of the restart of the Premier mill and mining operations at the Premier and Red Mountain Projects; the timing and outcome of additional assay results; ability of the Company to accomplish its business objectives and the intentions described herein; receipt of TSX-V approval for the Maximus agreement; and future plans, development and operations of the Company. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements; risks relating to negative operating cash flows of the Company; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; environmental compliance; risks related to outstanding debt; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; social media and reputation; negative publicity; human rights; business objectives; shortage of personnel; health and safety; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; claims and legal proceedings; information systems and cyber security; internal controls; violation of anti-bribery or corruption laws; competition; tax considerations; compliance with listing standards; enforcement of civil liabilities; financing requirement risks; market price volatility of the common shares; uncertainty as to timely availability of permits and other governmental approvals; the need for exchange approval, and other regulatory approvals and other risk factors as detailed from time to time in Cambria’s filings with Canadian securities regulators, available on Cambria’s profile on SEDAR+ at www.sedarplus.ca including the Annual Management Discussion and Analysis of the Company for the year ended December 31, 2025 in the section entitled “Risk Factors”. Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with the care and maintenance plans; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; labor and materials costs increasing on a basis consistent with the Company’s current expectations, the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; the ability of the Company to raise additional financing; currency exchange rates being approximately consistent with current levels, compliance with the covenants in Cambria’s credit agreements; exploration plans; and general marketing, political, business and economic conditions. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Cambria believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Cambria can give no assurance that such expectations will prove to be correct. Cambria does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.

Posted in UncategorizedTagged GlobeNewswire

Alkane Drilling Confirms and Extends Gold-Antimony Mineral System at Nagambie, Victoria

Posted on October 19, 2026 by Ravi Shankar

PERTH, Western Australia, Oct. 19, 2026 (GLOBE NEWSWIRE) — Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKRY) (‘Alkane’) is pleased to announce the initial exploration results from an earn-in period in which Alkane has agreed to initially spend a total of $12.5M on exploration and evaluation activities to earn a 60% interest in the Nagambie property over three years, with the right to move to 80% with further expenditure.¹

Program Summary

Drilling commenced at Nagambie in June 2026 targeting the north-south trending “C” vein orientation, which is interpreted to contain gold-antimony mineralisation. 3 holes (1,868m) have been drilled, logged and sampled at the time of this announcement.
Initial assays received to date for the first of three new Alkane holes, confirm the highly mineralised nature and continuity of the epizonal Au-Sb system.
Standout grades have been encountered in the C3 and C2 veins that support previous drilling results that informed the initial Mineral Resource² estimated by Nagambie Resources in 2024. Additionally, the C2 zone has been intercepted a further 115m below the previously known extent, highlighting the open nature of the resource.
Further to the concentrated high-grade mineralisation intercepted (Costerfield analogue), the drilling has also intercepted wide mineralised zones of up to 32m in estimated true width (ETW), containing significant amounts of both gold and antimony.

Assay Highlights

From C3 Zone
- 3.3g/t gold and 0.7% antimony over 10.6m (ETW 10.4m) in ADD001 from 156.3m
  - Including 17.0g/t gold and 5.9% antimony over 1.3m (ETW 1.2m)
From C2W Zone
- 1.2g/t gold and 2.5% antimony over 9.7m (ETW 4.9m) in ADD001 from 306.3m
  - Including 4.6g/t gold and 20.6% antimony over 0.4m (ETW 0.2m)
  - Including 3.6g/t gold and 9% antimony over 1.7m (ETW 0.8m)
- 2.1g/t gold and 0.5% antimony over 10m (ETW 6.4m) in ADD006 from 221.7m
  - Including 3.7g/t gold and 0.8% antimony over 1m (ETW 0.6m)
  - Including 12.6g/t gold and 0.1% antimony over 0.4m (ETW 0.2m)
  - Including 2.8g/t gold and 2.0% antimony over 2.3m (ETW 1.5m)
- 0.6g/t gold and 0.8% antimony over 22.6m (ETW 20.7m) in ADD013 from 592.59m
  - Including 2.1g/t gold and 17.3% antimony over 0.4m (ETW 0.3m)
  - Including 1.4g/t gold and 7.3% antimony over 0.8m (ETW 0.7m)

Alkane Managing Director & CEO, Nic Earner, said:

“Nagambie is shaping up as analogous to the gold-antimony system at Costerfield. We are encouraged by the initial results, which form part of our broader strategy to expand the potential ore sources and extend the mine life at our 100% owned Costerfield project. There is still further work to do within this 12-month option period of the earn-in agreement with Nagambie Resources; however, there is extensive exploration potential at Nagambie. We look forward to progressing this asset and strengthening critical mineral development within Victoria.”

Nagambie Earn-In Transaction Summary

Alkane has the right to sole-fund exploration, evaluation activities and related studies of Nagambie’s Mining Licence MIN 5412 and Exploration Licence EL5511, with the right to earn a 60% interest within three years of the commencement date by funding a minimum of $12.5m in expenditure.
Alkane has a 12-month option period until April 2027, during which it can elect to withdraw from the earn-in at any time, with ownership reverting to Nagambie.
After earning 60%, Alkane can elect to sole fund a further $15m in expenditure to increase its participating interest to 80%.
An unincorporated joint venture will be formed following the earn-in period, with Alkane as operator.

Nagambie Gold-Antimony Deposit

Nagambie Resources Ltd 100%, Alkane Resources Earn-In.

The Nagambie Gold-Antimony deposit was discovered during systematic exploration for bulk-tonnage, low-grade gold mineralisation in the mid-1980s by East Union Pty Ltd (later renamed Perseverance Mining Pty Ltd). Subsequent geological prospecting and rock-chip sampling identified anomalous gold associated with intense silicification and quartz veining at Hill 158 in 1984, where a resistant outcrop marked the position of the mineralised structure.

Regional plan showing the location of the Nagambie property, in relation to the extent of Alkane’s Costerfield properties and other regional fields and deposits.

Figure 1: Regional plan showing the location of the Nagambie property, in relation to the extent of Alkane’s Costerfield properties and other regional fields and deposits.

Follow-up Reverse Circulation (RC) percussion drilling delineated a large, low-grade gold deposit hosted by folded Silurian-Devonian sedimentary rocks. Perseverance Mining Pty Ltd commenced open-pit mining in 1989, developing the East and West pits to exploit the oxide gold mineralisation. Mining continued until 1994, with a total of 123,000 ounces of gold produced from the operation.³

Exploration for primary sulphide mineralisation began in 2006, when Panaegis Gold Mines Ltd (later renamed Nagambie Resources Ltd) drilled beneath historic pits. The programme intersected gold-antimony mineralisation, including high-grade stibnite-bearing veins beneath the West Pit in an RC hole. However, the geometry of the mineralised structures was not well-established, and so follow-up drilling did not test this intercept.

In 2018 Nagambie Resources Ltd renewed investigations, including diamond drilling and induced polarisation geophysics. Re-interpretation of the earlier drilling in 2022 suggested that the high-grade gold-antimony veins could have a north-northwest orientation, and in April 2022, the company targeted diamond drilling beneath the West Pit to test for Costerfield-style gold-antimony veins (C-suite).

The program identified the C1 lode system in 2022, followed by C2 and C3 in 2023. Drilling also discovered the N1 lode, which strikes east-west. These discoveries established multiple gold-antimony lode systems beneath the historic oxide workings.

The discoveries supported a maiden JORC Inferred Mineral Resource announced by Nagambie Minerals Ltd on 20 May 2024 titled ‘Maiden JORC Resource at the Nagambie Mine’. Nagambie Minerals Ltd released an announcement on 15 November 2024 titled ‘Replacement Announcement of Gold-Antimony Resource Drilling’ advising a resource update to 539,000 tonnes at 3.3 g/t gold and 3.9% antimony, containing approximately 58,000 ounces of gold and 20,800 tonnes of antimony. The estimate relates to mineralisation beneath the West Pit and remains open to the east, west and at depth.

In April 2026, Nagambie Resources entered into an earn-in agreement with Alkane Resources Limited, through its wholly owned subsidiary Mandalay Resources Costerfield Operations Pty Ltd, covering the Nagambie Mine and surrounding exploration license. The agreement provides for Alkane to sole-fund exploration and evaluation activities, with the potential to earn a 60% or 80% interest in the tenements. Alkane commenced diamond drilling at the Nagambie Mine in June 2026, targeting extensions to the C1, C2, C3 and N1 lodes.

Deposit Geology

The Nagambie Gold-Antimony Deposit is hosted by folded Silurian-Lower Devonian marine sedimentary rocks within the Melbourne Structural Zone of central Victoria, approximately 7 km east of Nagambie. Gold-antimony mineralisation is hosted by folded Silurian-Lower Devonian marine sedimentary rocks comprising sandstone, siltstone and shale. Younger cover obscures parts of the underlying bedrock geology.

The deposit is associated with a broadly east-west -trending, doubly plunging anticlinal structure. Principal east-west structural features include the Nagambie Mine Thrust (NMT), the Central Anticline, and the 303 Zone. The north-dipping NMT is associated with the historically mined oxide gold mineralisation, while the underlying antimony-sulphide system comprises several interpreted lode systems with distinct orientations and spatial distributions (Figure 5).

The distribution of veining and sulphide mineralisation appears to be influenced by lithological and rheological contrasts within the sedimentary sequence. Sandstone-rich intervals are commonly silicified, fractured and host extensive veining, whereas finer-grained shale and siltstone units locally host bedding-parallel laminated quartz structures and associated sericite alteration. Marker shale units identified in the detailed stratigraphic log provide constraints for interpreting the folded sequence and its relationship to mineralised structures. These observations suggest that host-rock competency, stratigraphic position and structural architecture collectively influence the distribution and style of mineralisation.

Lodes are numbered from east to west as C1, C2 and C3 (north-south striking) and N1 (east-west striking). C1 (green) strikes north-south, and its southern extent remains unconfirmed by the drilling shown in Figure 3. C2 (orange) also strikes north-south and is supported by confirmed drilling intersections in ADD001, ADD006 and ADD013. C3 (red) comprises steeply west-dipping, north-south-striking mineralisation and includes the high-grade intercept in ADD001 illustrated in Figure 7. N1 (blue) is an east-west-striking lode that dips south.

Gold-antimony mineralisation occurs in a range of quartz, quartz-carbonate and stibnite-bearing breccias and stockwork networks. Observed vein and mineralisation styles include:

Quartz-matrix-supported breccias: Brecciated host rock within a quartz matrix, locally containing contrasting grey and translucent quartz. These breccias transition into crackle breccias at their margins, where closely spaced fractures are infilled by translucent quartz (Figure 8).
West-dipping, south-plunging faults: Composite quartz-filled structures displaying laminated, brecciated and puggy textures and associated stockwork veining, stibnite and locally strong arsenopyrite and pyrite. Figure 7 illustrates a high-grade intercept of this style.
Bedding-parallel laminated quartz faults: Quartz-filled structures parallel to bedding, locally associated with moderate to intense sericite alteration.
Stibnite-bearing tension and shear veins: Steeply-dipping veins associated with shearing or extension, with stibnite forming a prominent component of the vein fill.
Stibnite-carbonate tension veins: Veins containing stibnite and carbonate, locally with stibnite concentrated along the vein center.
Vuggy, open space veins: Veins preserving open-space textures and late mineral growth, including quartz crystals, acicular stibnite and calcite.

Stibnite is the principal antimony-bearing mineral, with disseminated pyrite and arsenopyrite occurring in association with mineralised structures. Pyrite exhibits a range of textures, including coarse-grained cubic and dodecahedral crystals, fine-grained aggregates, nodular or framboidal forms and vein-hosted occurrences. Quartz and carbonate assemblages vary between veins, with multiple carbonate generations recognised in core and sphalerite observed locally.

The diversity of vein textures, sulphide assemblages and carbonate generations indicates a complex mineralisation history consistent with episodic fracture opening and fluid flow. The relative timing and genetic relationships of the different vein styles remain under investigation.

Plan view of the Nagambie mine and associated mining licence showing historic and modern drillhole collars and traces. Alkane’s current drilling campaign is focused below the western pit of the open cut mine.

Figure 2: Plan view of the Nagambie mine and associated mining licence showing historic and modern drillhole collars and traces. Alkane’s current drilling campaign is focused below the western pit of the open cut mine.

Drilling Results

Assay results for three holes have been received to date. ADD001, ADD006, and ADD013 total 1,868m of drilled diamond drill core. This drilling resulted in ten significant intercepts of mineralisation graded over 10 AuEq gram metres⁴:

From C3 Zone
- 3.3g/t gold and 0.7% antimony over 10.6m (ETW 10.4m) in ADD001 from 156.3m
  - Including 17.0g/t gold and 5.9% antimony over 1.3m (ETW 1.2m)
From C2W Zone
- 1.2g/t gold and 2.5% antimony over 9.7m (ETW 4.9m) in ADD001 from 306.3m
  - Including 4.6g/t gold and 20.6% antimony over 0.4m (ETW 0.2m)
  - Including 3.6g/t gold and 9.0% antimony over 1.7m (ETW 0.8m)
- 2.1g/t gold and 0.5% antimony over 10m (ETW 6.4m) in ADD006 from 221.7m
  - Including 3.7g/t gold and 0.8% antimony over 1m (ETW 0.6m)
  - Including 12.6g/t gold and 0.1% antimony over 0.4m (ETW 0.2m)
  - Including 2.8g/t gold and 2.0% antimony over 2.3m (ETW 1.5m)
- 0.6g/t gold and 0.8% antimony over 22.6m (ETW 20.7m) in ADD013 from 592.59m
  - Including 2.1g/t gold and 17.3% antimony over 0.4m (ETW 0.3m)
  - Including 1.4g/t gold and 7.3% antimony over 0.8m (ETW 0.7m)
From C2E Zone:
- 1.1g/t gold and 0% antimony over 13.7m (ETW 9.5m) in ADD001 from 335.7m
From C1 Zone
- 2.2g/t gold and 0% antimony over 24.1m (ETW 15.5m) in ADD006 from 400.52m
  - Including 5.5g/t gold and 0.1% antimony over 5m (ETW 3.2m)
From N1 Zone
- 2.9g/t gold and 0% antimony over 7.2m (ETW 4.2m) in ADD001 from 391.88m
  - Including 11.4g/t gold and 0% antimony over 1.4m (ETW 0.8m)
From new domains:
- 1.1g/t gold and 0.1% antimony over 30.8m (ETW 17.6m) in ADD001 from 180.4m
- 1.8g/t gold and 0.2% antimony over 42m (ETW 32.2m) in ADD001 from 214.88m
  - Including 6.3g/t gold and 0% antimony over 3.4m (ETW 2.6m)
  - Including 0.5g/t gold and 18.7% antimony over 0.5m (ETW 0.3m)
- 1.2g/t gold and 0.1% antimony over 22.5m (ETW 16.2m) in ADD006 from 196.33m
  - Including 7.3g/t gold and 0% antimony over 0.7m (ETW 0.5m)

An additional six intercepts graded over 3.5 AuEq gram metres.

Given the nature of the mineralisation and the existence of established gold and antimony concentrate markets, the Competent Person considers there is potential for the project to produce saleable concentrate products. This view has not yet been substantiated by metallurgical test work and remains subject to future metallurgical and market studies.

Figure 3: Plan view of the West Pit showing recent drilling completed by Alkane Resources (blue traces) and historic drilling (grey traces), relative to the position of the existing 2024 Inferred Mineral Resource lodes at depth below the pit. Significant intercepts (> 10 gram-metres) shown in callout boxes. Intercepts in historic holes shown as smaller diameter barrels relative to Alkane intercepts. Historic intercepts and drill traces have been excluded within 100m of the surface for clarity of the deeper antimony-gold intercepts.

Figure 4: Cross section through West Pit (looking north) showing recent drill results relative to the existing Inferred Mineral Resource lode areas. Red barrels and callouts indicate the narrow, high-grade intercept population, yellow barrels/callouts delineate the lower grade halo mineralisation. Bolded callouts indicate grades greater than 10 gram-meters for both the high-grade intervals and halo mineralisation.

Figure 5: Tray photograph of the best intercept to date from Alkane’s current drilling campaign, showing the Au-Sb overprinting mineralisation system. Drillhole ADD001 intercepted 3.3g/t gold and 0.7% antimony over 10.6m (ETW 10.4m) from 156.3 m, including a higher-grade zone of 17g/t gold and 5.9% antimony over 1.3m (ETW 1.2m). This mineralisation zone is correlated to the C3, outside of the current inferred resource defined by Nagambie Resources in 2024.

Tray photograph of gold-only dark quartz breccia intercept from drillhole ADD001. This breccia zone of 6.3g/t gold and 0% antimony over 3.4m (ETW 2.6m) is included in a wide zone of 1.8g/t gold and 0.2% antimony over 42m (ETW 32.2m) in ADD001 from 214.88m. This mineralisation lies outside of the known lodes and inferred mineral resource defined by Nagambie Resources in 2024.

Figure 6: Tray photograph of gold-only dark quartz breccia intercept from drillhole ADD001. This breccia zone of 6.3g/t gold and 0% antimony over 3.4m (ETW 2.6m) is included in a wide zone of 1.8g/t gold and 0.2% antimony over 42m (ETW 32.2m) in ADD001 from 214.88m. This mineralisation lies outside of the known lodes and inferred mineral resource defined by Nagambie Resources in 2024.

Figure 7: Tray photograph of stibnite-rich shear vein from ADD013 correlated with the C2W Zone, intercepting significant mineralisation 115m down-dip of previous drilling and supporting a >250m vertical lode extent. Drillhole ADD013 intercepted 0.6g/t gold and 0.8% antimony over 22.6m (ETW 20.7m), including 2.1g/t gold and 17.3% antimony over 0.4m (ETW 0.3m), and including the zone pictured at 1.4g/t gold and 7.3% antimony over 0.8m (ETW 0.7m). This mineralisation zone lies, outside of the current inferred resource defined by Nagambie Resources in 2024.

Future Plans

Two diamond drill rigs continue to explore the West Pit and surrounding areas to understand the geological framework and potential extensions to the Nagambie epizonal Au-Sb system (Figure 8). Considerable scope remains for further growth within the C-series domains, with an emerging story of further N-S fault zones and major, wider gold zones. Alkane will continue to advance to the initial 12 month earn-in decision point.

Figure 8: West-East cross section of the stibnite-rich mineralisation system, showing modern drilling in context with the existing 2024 Resource and historic drilling. Historic drillhole assays are represented to illustrate the extent of gold anomalism across the system. n.b. this orientation is effectively showing the open-cut mined gold system in long-section as it is oriented close to east-west, whereas the individual host structures of the stibnite-gold system below targeted by Alkane predominantly trend north-south.

Competent Persons Statement

Certain information in this announcement relating to Exploration Results has been previously released to the ASX. Alkane confirms that it is not aware of any new information or data that materially affects the information included in those market announcements and that all material assumptions and technical parameters underpinning the estimates and Exploration Results in those announcements continue to apply and have not materially changed.

The information in this report fairly represents, information compiled and verified by Mr Chris Davis. Mr Davis is a Chartered Professional (Geology) of the Australasian Institute of Mining and Metallurgy (MAusIMM CP(Geo)), and a Member of the Australian Institute of Geoscientists (MAIG).

Mr Davis has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves” (JORC Code).

For the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’), the scientific and technical information contained in this announcement has been prepared under the supervision of, and approved by, Mr Chris Davis, who is a “qualified person” as defined in NI 43-101. Mr Davis is employed by Alkane as Chief Geologist and, as an employee of Alkane, is not considered independent of Alkane within the meaning of NI 43-101.

Mr Davis consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.

This document has been authorised for release to the market by Nic Earner, Managing Director and CEO.

ABOUT ALKANE ‐ alkres.com ‐ ASX:ALK | TSX: ALK | OTCQX: ALKRY
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth.

Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations.

Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern Australia’s reputation as a significant gold, copper and antimony production region.

Interactive Analyst Centre™
Comprehensive financial, operational, resource and reserve information for Alkane Resources is available through the Interactive Analyst Centre™ located in the Investors section of our website at alkres.com.

Cautionary Note Regarding Forward-Looking Information and Statements
This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively “Forward-Looking Information”). Actual results and outcomes may vary materially from the amounts set out in any Forward-Looking Information. As well, Forward-Looking Information may relate to: future outlook and anticipated events; expectations regarding exploration potential; production capabilities and future financial or operating performance, including AISC, investment returns, margins and share price performance; production and cost guidance and the timing thereof; issuing updated resources and reserves estimate and the timing thereof; the potential of the Company to meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-Looking Information is generally identified by the use of words like “will”, “create”, “enhance”, “improve”, “potential”, “expect”, “upside”, “growth” and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative connotation of such terms, are intended to identify Forward-Looking Information. Although Alkane believes that the expectations reflected in the Forward-Looking Information are reasonable, undue reliance should not be placed on Forward-Looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-Looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Alkane as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-Looking Information. Forward-Looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks relating to changes in the gold and antimony price. Forward-Looking Information is designed to help readers understand Alkane’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Alkane assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Alkane updates any one or more forward-looking statements, no inference should be drawn that the company will make additional updates with respect to those or other Forward-looking Information. All Forward-Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary statement.

Disclaimer
Alkane has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Alkane, its directors, officers, employees, associates, advisers and agents, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not an offer, invitation, solicitation, or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever.

APPENDIX 1 – Tabulated Drilling Results
Significant intercepts from the Nagambie drilling program

Hole ID	From (m)	To (m)	Interval (m)	Estimated True Width (m)	Au (g/t)	Sb (%)	Gold-equiv. grade x Interval (gm)	Interpreted Vein
ADD001	156.3	166.85	10.55	10.39	3.3	0.7	49.0	C3
Inc.	156.53	157.78	1.25	1.23	17.0	5.9	35.7
ADD001	180.4	211.15	30.75	17.64	1.1	0.1	21.6	New
ADD001	214.88	256.89	42.01	32.18	1.8	0.2	73.2	New
Inc.	240.12	243.5	3.38	2.59	6.3	0.0	16.4
Inc.	253.65	254.1	0.45	0.34	0.5	18.7	13.3
ADD001	273.15	277.4	4.25	2.44	1.6	0.0	3.9	New
ADD001	306.3	316.01	9.71	4.85	1.2	2.5	30.5	C2W
Inc.	306.7	307.1	0.40	0.20	4.6	20.6	9.4
Inc.	314.16	315.85	1.69	0.84	3.6	9.0	18.6
ADD001	335.7	349.4	13.70	9.52	1.1	0.0	10.8	C2E
ADD001	391.88	399.12	7.24	4.15	2.9	0.0	12.2	N1
Inc.	393.25	394.63	1.38	0.79	11.4	0.0	9.1
ADD001	478.64	480.06	1.42	1.32	3.1	0.0	4.1	New
ADD006	97.89	99.35	1.46	1.15	3.2	0.0	3.7	New
ADD006	137.1	142.22	5.12	4.43	2.0	0.1	9.5	New
ADD006	155.98	159.61	3.63	2.38	1.2	0.3	4.2	New
ADD006	180.96	187.28	6.32	4.47	1.3	0.0	6.0	New
ADD006	196.33	218.82	22.49	16.18	1.2	0.1	23.2	New
Inc.	208.02	208.69	0.67	0.48	7.3	0.0	3.5
ADD006	221.7	231.72	10.02	6.44	2.1	0.5	20.6	C2W
Inc.	222.61	223.58	0.97	0.62	3.7	0.8	3.3
Inc.	224.54	224.9	0.36	0.23	12.6	0.1	2.9
Inc.	229.4	231.72	2.32	1.49	2.8	2.0	10.2
ADD006	400.52	424.62	24.10	15.49	2.2	0.0	33.9	C1W
Inc.	408.77	413.76	4.99	3.21	5.5	0.1	18.0
ADD013	592.59	615.23	22.64	20.68	0.6	0.8	45.7	C2W
Inc.	592.94	593.33	0.39	0.31	2.1	17.3	11.7
Inc.	604.79	605.54	0.75	0.69	1.4	7.3	11.1

Notes

The AuEq (gold equivalent) grade is calculated using the following formula:

Prices and recoveries used: Au $/oz = US$4,000 (Au US$/gram = 128.6); Sb $/t = US$26,400 (Sb US$/10kg = 264); Au Recovery = 90% and; Sb Recovery = 89%. The Au recovery assumption and Sb recovery assumption is based on established processing and sales in respect of Costerfield. It is the Company’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.

Results were composited at a 1g/t AuEq compositing cutoff with maximum 5m of internal dilution. A 5g/t AuEq compositing cutoff with a maximum of 2m of internal dilution was applied to define “including” intervals.
Composites that were not either interpreted to be connected to a major vein or were below 3.5 g/t AuEq x ETW were not considered significant and are not recorded here.

Drill hole collar details from the Alkane drilling at Nagambie covered in this release:

Hole ID	Easting	Northing	Elevation	Depth	Azimuth	Dip	Date Completed
ADD001	340925	5925962	129.3	526.8	53.2	-39.2	1/07/2026
ADD006	341010	5926012	129.8	554.3	49.2	-45.6	23/07/2026
ADD013	341482	5926098	129.2	787.6	278.4	-43.5	9/08/2026

Note

Coordinate System: GDA94 Z55

Appendix 2 – JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	Sampling of Au and Sb mineralisation is from diamond drill core (HQ2 and NQ2). Due to the discrete mineralisation of the deposit, not all diamond drill core was required to be sampled. Sample intervals were determined and marked on the core by Alkane geologists using the following general rules: All stibnite-bearing veins are sampled. Intersections of polyphase breccias, stockwork veins, laminated quartz veins or massive quartz veins were routinely sampled. A waste sample is taken either side of the mineralized vein (30–100 cm). Siltstone is sampled where disseminated arsenopyrite is prevalent. Fault gouge zones were sampled at the discretion of the geologist. Diamond core sampling intervals were standardised wherever possible and ranged from 10 cm to 1 m in length. Diamond drill core samples have been cut in half using the orientation line or cut line, with a consistent side of the cut core selected for assay to ensure unbiased sampling. The methodology was validated by the Costerfield QA/QC protocols. No sampling instruments required calibration. Assays were completed by On Site Laboratory Services in Bendigo, which is independent of Alkane and holds current ISO/IEC 17025 accreditation. The general methods were as follows: Gold grades were determined by fire assay (25 g charge) with an AAS finish Antimony concentrations were determined using an aqua regia based acid digest with an ICO-OES (<0.6%) or AAS finish. Analysis has been completed on a limited suite of additional elements including Arsenic using ICP-OES.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).	Diamond drilling for all holes completed by Alkane Resources have been completed by two contracting companies, Deepcore Drilling and Starwest drilling. All diamond drilling was completed from surface using LM90 drill rigs utilising HQ2 and NQ2 diameters. Core orientation is performed each run, typically using an AXIS Champ Ori kit.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Diamond drilling was routinely checked for core loss during both drilling and sampling. Core loss blocks were added by drillers and then checked by geologists or field technicians when the core was measured, and depth marks made. If problems were encountered with recovery and core block depths, the drill shift supervisor was advised and depth marking stopped until the issue was rectified. No relationship between grade and sample recovery has been established. Ore zones with poor recovery are redrilled until a representative sample is achieved.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. The total length and percentage of the relevant intersections logged.	All drill core was geologically logged as full core for the relevant rock quality designation, lithology, structural data, and sample intervals. Data capture was digital into the AcQuire software using validated codes. All drill core was photographed wet with high resolution photographs stored on the site’s server, which is routinely backed-up.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc., and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	Diamond core sampling intervals were standardised wherever possible and ranged from 10 cm to 1 m in length. Diamond drill core samples have been halved for sampling (whole core sampled if representative halving was not possible) guided by the orientation line or a cut line, with a consistent side of the cut core selected for assay to ensure unbiased sampling. The following sample preparation activities were undertaken by Alkane staff for diamond drill core: Sample information and characteristics were measured, logged, recorded in the acQuire database and assigned a unique sample ID. Sample material was placed into a calico bag previously marked with the unique sample ID. Calico bags were loaded into plastic bags such that the plastic bags weighed less than 10 kg. An assay submission sheet was generated and placed into the plastic bag. Plastic bags containing samples were sealed with a metal or plastic tie and transported to On Site in Bendigo via On Site or Alkane staff. The following sample preparation activities were undertaken by On Site staff: Samples were received and checked for labelling, missing samples, etc. against the submission sheet. If the sample batch matched the submission sheet, sample metadata were entered into On Site’s LIMS. In the event that discrepancies were noted, Alkane Resources was contacted by On Site to resolve the discrepancy prior to further work commencing. Records of all discrepancies and corrective actions taken are recorded by the Alkane Resources database administrator. A job number was assigned, and worksheets and sample bags were prepared. Samples were placed in an oven and dried overnight at 106°C. Samples were weighed and recorded. The entire dried sample was crushed using a Rocklabs Smart BOYD Crusher RSD Combo with a jaw closed side setting of 2 mm. If the dried sample weight was less than 3 kg, the entire sample was retained for pulverisation. If the dried sample weight was greater than 3 kg, the sample was spilt to 3 kg using the rotary splitter that is incorporated in the BOYD crusher. Rejects from splits greater than 3 kg were retained as coarse rejects in labelled calico bags and returned to Alkane Resources. The 3 kg sample was then pulverised in an Essa LM5 Pulverising Mill to 90% passing 75 µm. For fire assay and base metal samples: The 3 kg pulverised samples were then subsampled to take a master ~200 g pulp split for assay by a manual scooping procedure across the full width and depth of the mill bowl and loaded sequentially into labelled pulp packets. For all methods: For every 21 primary samples, a sample was randomly selected by LIMS and a duplicate 200 g split for fire assay was submitted for analysis using the same analytical procedure as the primary sample. The remaining pulp was returned to its sample bag and then returned to Alkane Resources for retention following the completion of assay. A quarterly check-assay program is in place to monitor the representative nature of the On Site sampling and assay methodology.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	The assaying protocols used at Nagambie are based on those established at Alkane Resources, Costerfield Mine have and been developed to ensure expected levels of accuracy and precision are met for the style of mineralisation tested and utilised in the Costerfield Mine MRE. Samples were assayed for gold, antimony, arsenic, and iron using representative partial digest methodologies: Gold grades were determined either by a 25g charge with lead flux fire assay and an AAS finish. Antimony, iron and arsenic concentrations were determined using an aqua regia based acid digest with an ICP-OES or overrange AAS finish. The quality control procedures utilised at Costerfield used CRMs prepared by commercial laboratories Geostats and OREAS. CRMs were either prepared using Costerfield material or were otherwise matrix matched to ensure a representative nature. At least one CRM was submitted with every batch of diamond core samples and typically at a rate of 1 standard per 25 samples. Up to six CRMs covering the expected ranges of gold and antimony mineralisation were in rotation during routine sampling. An assay result for a CRM was considered acceptable when the returned assay fell within three standard deviations of the CRM certification grade. Outside this range, the CRM assay was considered to have failed and all significant mineralised samples within the batch were re-assayed, where significant grades were defined as mineralised samples that may have a material-impact in future resource estimates. All actions or outcomes were recorded as comments in the QA/QC register. Alkane submitted uncrushed samples of basalt as blank material sourced from Geostats into assay sample lots, at a rate of 1 in every 30 samples, to test for contamination during sample preparation. The failure threshold for gold is 0.10 g/t, which was chosen since it represents ten times the detection limit of 0.01 g/t for AAS. The failure threshold for antimony is 0.05%, which was chosen for being five times the detection limit of 0.01% for AAS. Pulp duplicates were collected routinely at a rate of 1:22 by On Site and submitted with the primary sample for analysis. Precision was in line for the expected a variance in both gold and antimony. A check-assay program to three additional commercial assay laboratories are completed each year cover all techniques used at the property.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	Sampling intervals and numbering were validated by geologists prior to cutting, with pre-numbered sampling bags systematically used by the field technicians to ensure the correct sample was submitted under each ID. Internal validation and peer review of significant intercepts was completed by senior geologists. Photographs, logging, sample weights and assay results were checked to ensure manual errors were eliminated. Key intercepts at Nagambie were also validated by the Competent Person during interpretation. Assay and sampling data was automatically uploaded into the Acquire database system and QA/QC validated at the point of upload. Any issues were entered into a QA/QC register and resolved before data acceptance. Alkane staff conduct periodic visits to the On Site Laboratory in Bendigo and meet regularly with the Lab managers. In early 2023 a review was conducted by a third party (RSC Consulting Pty Ltd) to ensure the practices are appropriate. Nothing of major concern was found. Whilst no twinned holes have been drilled by Alkane Resources at Nagambie, two wedges have been completed through visually mineralised zones. Twinned intercepts provide consistent correlation of structure and mineralisation character however due to the short range grade variability common structurally controlled gold systems, may not have the same mineralisation tenor. No adjustment has been made to the assay data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control.	Drill hole collar locations have been determined by differential GPS or theodolite surveying methods by external surveyors, Adrian Cummins and Associates. A digital report is created and entered into the acQuire Database. Data entry accuracy is validated against a LiDAR topographic map and high-resolution satellite imagery. Downhole surveys are conducted using a north-seeking Axis Champ Gyro: Drill holes with dips between +30° and -30° were surveyed using the Axis Champ Gyro in continuous-reference mode. Survey measurements were collected at 15 m, 30 m and every 30 m thereafter, with 3 m-spaced multishot measurements collected at the end of the hole. Drill holes outside the +30° to -30° dip range were surveyed using a gyro in north-seeking mode, with measurements collected every 12 m to the end of the hole. All downhole survey data is digitally uploaded to AXIS Connect and automatically imported into the acQuire database.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied.	The data spacing at Nagambie is variable. Initial drilling on any particular lode is sporadic but generally approximates 50 × 50 m spacing. This spacing is described in the Nagambie Resources Nov 2024 Mineral Resource Report and is considered appropriate for establishing a geological and grade continuity acceptable for an Inferred Mineral Resource. Drilling completed by Alkane Resources has been a combination of “infill” style drilling and “extensional” drilling. Infill drilling has aimed to validate previously estimated geological domains and reduce data spacing to 30m x 30m, whilst extensional drilling has stepped away from previous intercepts by up to 150m to test exploration potential. Where veins or mineralisation zones were sub-sampled, a full-length composite of variable thickness was used in the MRE.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	Drill holes at Nagambie are designed to ensure an Alpha angle greater than 30°, indicating that the orientation of the drill holes (and therefore samples) is appropriate for the structure. The drilling orientation compared to that of key mineralised structures is not considered to have introduced any sampling bias as the structures are currently interpreted.
Sample security	The measures taken to ensure sample security.	All drill core was delivered to a core processing facility on private property at Nagambie. Drill core logging and sampling was completed in this facility. Sample bags containing sample material are placed in heavy duty plastic bags in which the sample submission sheet is also included. The plastic bags are sealed with a metal twisting wire or heavy-duty plastic cable ties. The bags are transported by Alkane Personnel to a storage area at the Costerfield Mine site that is under constant surveillance, alternately they are delivered directly to Onsite Laboratory services in Bendigo directly by Alkane Personnel. A private courier collects samples from the Costerfield Mine site daily and transports them directly to On Site in Bendigo, where they are accepted by laboratory personnel. Sample pulps from On Site are returned to Alkane for storage. The pulps are stored undercover, wrapped in plastic.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	RSC Consulting Pty Ltd reviewed the sampling and QA/QC procedures and practices at Costerfield, upon which the current protocol is based, in early 2023. There were no major outcomes related to sampling techniques and data.

Section 2 Reporting of Exploration Results
Criteria listed in the Section 1 also apply to this section.

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Results reported in this announcement relate to Licences EL5511 and MIN5412 Located East of Nagambie in Victoria, Australia. These Licences are 100% held by Nagambie Resources Ltd. EL5511 and MIN5412 are subject to an “earn in” agreement between Nagambie Resources Ltd and Mandalay Resources Costerfield Operations a 100% subsidiary of Alkane Resources Ltd (see Alkane Resources Ltd (ASX: ALK), Proposed Investment and Earn-In with Nagambie Resources, 30 January 2026). Under the terms of the earn in agreement, Alkane may earn a 60% interest in the licences if it sole funds expenditure to a total of A$12.5M within 3 years, and earn up to an 80% interest with an additional expenditure of A$15M (for a total aggregate expenditure of A$27.5M). Alkane Resources may withdraw from the agreement at any time within the first 12 months of the agreement (option period). Upon Alkane earning either: an 80% interest in the Tenements; or a 60% interest and electing not to continue sole-funding expenditure, the Alkane and Nagambie Resources will form an unincorporated joint venture. Alkane will act as manager of the joint venture, with each party contributing to joint venture costs in proportion to its participating interest. EL5511 is currently pending renewal by the department of Earth Resources. MIN5412 is current and expires in January 2031.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	The Nagambie Gold-Antimony deposit was initially discovered and explored by East Hill Union Pty Ltd (later Perseverance Mining Pty Ltd) in 1985. The company initially conducted soil and rock chip sampling of outcropping silicified sediments before commencing a campaign of 22,482m of RC and 3,143m of diamond drilling completed to delineate an oxide gold Resource, hosted within a large East-West trending anticline which was mined between 1988 and 1997. In 2007 Panaegis Resources complete 27 diamond drillholes for a total of 5,414m drilled testing for extensions of mineralisation beneath the existing pits. The drill program confirmed that gold mineralisation continued beneath the historically mined open pits, the highlight was NRP002 which intersected high grade gold and antimony beneath the Nagambie west pit. In 2018 Nagambie Resources re-commenced diamond drilling focused on testing the potential of the high grade gold and antimony mineralisation identified in NRP002. A total of 62 holes and one wedge were completed for 22,531m drilled. This program identified a series of north south trending, high grade gold antimony loads which were reported as an Inferred Mineral Resource in May 2024 (Nagambie Resources Limited (ASX:NAG), “Maiden JORC Resource at the Nagambie Mine”, ASX Announcement, 20 May 2024)
Geology	Deposit type, geological setting and style of mineralisation.	The Nagambie Gold-Antimony Deposit is a structurally controlled gold-antimony system hosted by folded Silurian-Lower Devonian marine sedimentary rocks within the Melbourne Structural Zone of central Victoria. Mineralisation occurs in quartz, quartz-carbonate and stibnite-bearing veins, breccias and stockwork networks, with stibnite the principal antimony-bearing mineral and pyrite and arsenopyrite also present as a halo of disseminated grains. Mineralisation is associated with an east-west -trending, doubly plunging anticlinal structure and a network of east-west and north-south structures. The north-dipping Nagambie Mine Thrust is associated with the historically mined oxide gold mineralisation, while the underlying sulphide system comprises north-south -striking, steeply west-dipping C-system lodes and the east-west -striking, south-dipping N1 lode. The distribution and style of veining appear to be influenced by structural architecture and rheological contrasts within the sedimentary sequence. Sandstone-rich intervals are commonly silicified, fractured and extensively veined, while finer-grained shale and siltstone units locally host bedding-parallel quartz structures and sericite alteration. Brecciation, stockwork veining and open-space vein textures are consistent with episodic fracture development and fluid flow. The relative timing and genetic relationships of the different mineralisation styles remain under investigation.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole downhole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	Refer to Appendix 1 for the summary of drill holes related to this release.
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated.	Exploration Results have been reported to represent the discrete structural shear or vein zones as determined by the Alkane geologists and Competent Person. There is no cut-off grade for the inclusion of drill intercept if it is on a modelled or named structure. Aggregates are length-weighted average grades for the full-width of target structures/lodes or mineralised zones. No truncation of minimum and/or maximum grade has been applied. Aggregates were calculated at a 1g/t AuEq cutoff with a maximum of 5m of internal dilution. A 5g/t AuEq cutoff with maximum 2m of internal dilution was applied to define “including” intervals. Aggregates that were not interpreted to be connected to a modelled major vein or were below 3.5 g/t AuEq x ETW (gram metres) were not considered significant and are not recorded here. The AuEq (gold equivalent) grade is calculated using the following formula: Prices and recoveries used: Au $/oz = 4,000 (Au US$/gram = 128.6); Sb $/t = 26,400 (Sb US$/10kg = 264); Au Recovery = 90% and; Sb Recovery = 89%. The Au recovery assumption and Sb recovery assumption is based on established processing and sales in respect of Costerfield. It is the Company’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold. Refer to sources in SRK Consulting (Australasia) Pty Ltd, 2026, Costerfield Operation, Victoria, Australia, NI 43-101 Technical Report, effective 30 June 2026, prepared for Alkane Resources Limited.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘downhole length, true width not known’).	Exploration Results have been reported as drill widths and estimated true width (ETW) based on thickness calculations from representative measurements of alpha on logged drill core.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Cross sections, plan sections and long sections are included in the body of the report.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	For veins that are interpreted though multiple drill holes, all intercepts are tabulated in Appendix 1 and illustrated in the images within the body of the report. Any intercepts that are either not interpreted on continuous veining or part of a wider zone, or below 3.5 AuEq gram metres composited, are considered non-significant.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Arsenic is present in the Nagambie Project in form of arsenopyrite and arsenian pyrite and is likely to have a close relationship to a portion of the gold mineralisation. Gold deportment is currently being studied. In the absence of this data the mineralisation of Costerfield is considered a close analogue and so recovery information stated within this document is based on the performance of Costerfield ore.
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	The Exploration Results reported in this document refer to areas of the Nagambie Property already in an inferred Mineral Resource, as well as potential future extension areas. Two diamond drill rigs continue to explore the West Pit and surrounding areas to understand the geological framework and potential extensions to the Nagambie epizonal Au-Sb system. Considerable scope remains for further growth within the C-series domains, with an emerging story of further N-S fault zones and major, wider gold zones. Alkane will continue to advance to the initial 12 month earn-in decision point.

¹ Alkane Resources Ltd (ASX: ALK), Proposed Investment and Earn-In with Nagambie Resources, 30 January 2026
² Nagambie Resources Limited (ASX:NAG) Replacement Announcement: Gold-Antimony JORC Resource Updated 322,000 Oz Gold Equivalent (AuEq) at 18.6 g/t AuEq. ASX Release Date: 15 November 2024
³ Cairns, C.P. Boger, S.D., Waugh, S.A.F., Pintér, Z., Farmer N., Travers S.J., Andrews T.M. & Cayley, R.A. 2026. Mineralisation, textures and timing of select gold-antimony occurrences from the Melbourne Zone. Victoria’s Critical Minerals and Strategic Materials Report 9. Geological Survey of Victoria. Department of Environment, Energy and Climate Action, Melbourne. 100 pp.
⁴ Gram metres = AuEq g/t x Estimated True Width (ETW)

CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556

Posted in UncategorizedTagged GlobeNewswire

GBank Financial Holdings Inc. Announces Third Quarter 2026 Quarterly Earnings Call Scheduled for Wednesday, October 28th, at 2:00 P.M., Pacific Time

Posted on October 19, 2026 by Ravi Shankar

LAS VEGAS, Oct. 19, 2026 (GLOBE NEWSWIRE) — GBank Financial Holdings Inc. (the “Company”) (Nasdaq: GBFH), the parent company for GBank (the “Bank”), today announced it plans to release its third quarter 2026 financial results on Wednesday, October 28, 2026 at approximately 1:05 p.m. PST, and will host its quarterly earnings call on Wednesday, October 28, 2026, at 2:00 p.m. PST. Interested parties can participate remotely via Internet connectivity. There will be no physical location for attendance.

Interested parties may register for the event using this link:

https://gbank-financial-earnings-q326.open-exchange.net/

About GBank Financial Holdings Inc.

GBank Financial Holdings Inc. is a bank holding company headquartered in Las Vegas, Nevada and is listed on the Nasdaq Capital Market under the symbol “GBFH.” Our national payment and Gaming FinTech business lines serve gaming clients across the U.S. and feature the GBank Visa Signature^® Card—a tailored product for the gaming and sports entertainment markets. The Bank is also a top national SBA lender, now operating across 40 states. Through our wholly owned bank subsidiary, GBank, we operate two full-service commercial branches in Las Vegas, Nevada to provide a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in Nevada, California, Utah, and Arizona. Please visit www.gbankfinancialholdings.com for more information.

Available Information

The Company routinely posts important information for investors on its web site (under www.gbankfinancialholdings.com and, more specifically, under the News & Media tab at www.gbankfinancialholdings.com/press-releases). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD (Fair Disclosure) promulgated by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, investors should monitor the Company’s web site, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

The information contained on, or that may be accessed through, the Company’s web site is not incorporated by reference into, and is not a part of, this document.

For Further Information, Contact:

GBank Financial Holdings Inc.
Edward M. Nigro
Chairman and CEO
702-851-4200
enigro@g.bank

Source: GBank Financial Holdings Inc.

Posted in UncategorizedTagged GlobeNewswire