GMXT Strengthens 2026 Investments to Expand Rail Efficiency

Grupo México Transportes (GMXT), Mexico’s largest freight rail operator, says it plans to maintain a robust investment program in 2026. The plan will focus on modernizing its locomotive and wagon fleet, expanding intermodal capacity, and upgrading signaling and communication systems across its network.

The company says in its 3Q25 Financial Report that the 2026 capital expenditure plan will sustain the investment pace of 2025, when it allocated MX$7.87 billion (US$423.93 million) to property, plant, and equipment as of September. Resources next year will be directed toward:

• Increasing operational efficiency and safety through infrastructure renewal and technology integration

• Supporting nearshoring-driven industrial growth in northern and central Mexico

• Enhancing binational connectivity through partnerships with Union Pacific (UP) and BNSF Railway

• Expanding capacity along strategic corridors, including ports and key border crossings

This strategic investment aligns with GMXT’s goal to consolidate its position as a multimodal logistics leader in Mexico and North America, capitalizing on rising trade flows and industrial expansion under nearshoring.

Strong Financial Performance in 3Q25

For the first nine months of 2025, GMXT reported revenues of MX$48.7 billion (US$2.62 billion), a 7.5% increase compared to the same period in 2024. The result was driven mainly by an 18.4% rise in the automotive segment, despite a 4.6% decline in total transported volume.

Gross profit climbed 8.9% to MX$23.5 billion (US$1.27 billion), and operating income rose 8.3% to MX$14 billion (US$754.55 million), supported by operational efficiency and cost discipline. Net income grew 7.9% to MX$7.3 billion (US$393.10 million), aided by favorable exchange rate effects as the peso depreciated from MX$17.71 to MX$19.53 per US dollar.

Operating costs increased 6.3% to MX$25.2 billion, mainly due to higher freight, labor, and maintenance expenses. General expenses rose 10.4% to MX$9.6 billion, driven by higher depreciation, administrative costs, and employee profit-sharing provisions.

Despite a 1.1% year-on-year increase in diesel prices, GMXT expects mid-term benefits from the liberalization of Mexico’s energy market, which could help lower logistics costs. The company also confirms full compliance with environmental standards and does not anticipate extraordinary expenses to meet regulatory obligations.

As of Sep. 30, 2025, GMXT reported total assets of MX$134.3 billion (US$7.23 billion) and shareholders’ equity of MX$69.9 billion (US$3.76 billion).