Grupo TMM swings to Ps.27.9M Q3 2026 net loss
Scheduled fourth-quarter repairs are expected to support shipyard dock utilization as Grupo TMM anticipates increased Maritime Infrastructure activity.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
6-K
Rhea-AI Filing Summary
Grupo TMM reported cumulative net income of Ps.8.3 million for the first nine months of 2026, including a third-quarter net loss of Ps.27.9 million. It said the quarterly loss primarily reflected foreign-exchange fluctuations and financing costs; the prior-year third quarter showed a net gain.
For the remainder of 2026, the company expects increased Maritime Infrastructure activity, with shipyard dock utilization supported by repair services already scheduled for the fourth quarter. For 2027, it sees growth and diversification opportunities across its business lines and says it will prioritize projects aimed at improved profitability and value creation while maintaining disciplined capital allocation.
0 points · 0 major0 major · 1 point
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- None.
Negative
- Moderate pointThird-quarter results: Ps.27.9 million net loss, versus a 2025 net gain.
Filing Explained
At September 30, only part of total cash equivalents was classified as available; third-quarter operations used cash.
Form 6-K furnishes material information published by a foreign private issuer in its home market; this filing reports Grupo TMM’s third-quarter 2026 results.
At
The cash-flow statement reports cash used in operating activities during the third quarter, while it reports cash provided by operating activities for the first nine months.
Over those nine months, cash decreased.
Key Figures
Third-quarter net loss: Ps.27.9 million
Cumulative net income: Ps.8.3 million
Net loss per share: (0.16) pesos/share
+1 more
4 metrics
Third-quarter net loss
Ps.27.9 million
Three months ended September 30, 2026
Cumulative net income
Ps.8.3 million
Nine months ended September 30, 2026
Net loss per share
(0.16) pesos/share
Three months ended September 30, 2026
Weighted average outstanding shares
174.55 million shares
Three months and nine months ended September 30, 2026
Key Terms
foreign exchange fluctuations, Net financial cost, Weighted average outstanding shares, shipyard dock utilization
4 terms
foreign exchange fluctuations financial
"foreign exchange fluctuations and financing costs"
Changes in the value of one currency relative to another that make cross-border income, costs and investments worth more or less when converted. For investors this matters because swings in exchange rates can raise or lower reported revenue, profit and the local-currency value of foreign holdings—similar to how the price of gasoline affects the real cost of a road trip planned in miles. Companies with sales or debts in other currencies are most exposed to these shifts.
Net financial cost financial
"Net financial cost"
shipyard dock utilization technical
"shipyard dock utilization supported by repair services"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Grupo TMM (GTMAY)'s third-quarter 2026 results?
Grupo TMM reported a Ps.27.9 million net loss in the third quarter of 2026, while cumulative net income for the first nine months was Ps.8.3 million. It said the quarterly loss primarily reflected foreign-exchange fluctuations and financing costs.
What is Grupo TMM (GTMAY)'s 2026 outlook?
Grupo TMM expects increased activity in Maritime Infrastructure for the remainder of 2026. It says shipyard dock utilization is supported by repair services already scheduled for the fourth quarter.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of NOVEMBER 2026
TMM Group, Inc.
(Translation of registrant’s name into English)
Lago Alberto No.442, P.5, 503-A, Colonia Anahuac, Delegacion Miguel Hidalgo,
Mexico City, C.P. 11320 Mexico
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
|
Form 20-F X
|
Form 40-F
|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7):
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes |
No X
|
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-_____.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date:
November 3, 2026 By:
/s/ Verónica Tego Sánchez
Chief Financial Officer
This Form 6-K and the exhibit attached hereto are hereby incorporated by reference into the Registration Statement on Form F-3, Number 333-90710.
EXHIBIT INDEX
|
EXHIBIT 99.1:
|
Press Release dated November 3, 2026 (GRUPO TMM REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS).
|
Exhibit 99.1
TMM COMPANY CONTACT:
Verónica Tego Sánchez, CFO
011-52-55-5629-8866
veronica.tego@tmm.com.mx
GRUPO TMM REPORTS THIRD QUARTER 2026 RESULTS
(In Mexican Pesos)
Third Quarter 2026 Highlights:
| o |
Recovery in Maritime operations compared with the previous quarter.
|
| o |
Consolidated revenue of Ps.272.7 million.
|
| o |
Operating income of Ps.27.8 million.
|
| o |
Higher activity expected in Maritime Infrastructure toward year-end, supported by increased scheduled shipyard utilization.
|
Mexico City, October 30, 2026 – Grupo TMM, S.A.B.
(BMV: TMM A and OTC: GTMAY) (the “Company” or “TMM”), a Mexican maritime transportation, logistics and maritime infrastructure services company, announced its
financial results for the third quarter of 2026.
 |
“Our growth vision focuses on developing new revenue streams by leveraging Grupo TMM’s experience and assets in
sectors where we see opportunities for expansion.
Projects involving the maritime transportation of diverse cargo types, the development of port infrastructure and
the expansion of our service platform represent new opportunities to diversify our operations. Our goal is to build a more balanced business portfolio, with improved profitability and reduced revenue concentration, while maintaining
disciplined capital allocation.”
Vanessa Serrano Cuevas
Chief Executive Officer
|
Operating performance
| • |
Maritime – Recorded a recovery in activity levels and
operating results compared with the previous quarter, supported by the performance of specialized vessels and operational efficiencies.
|
| • |
Maritime Infrastructure – Activity was concentrated in
repairs of smaller-draft vessels and the rescheduling of previously planned services, which affected quarterly results.
|
| • |
Land Logistics – Maintained operational continuity and
expanded its commercial portfolio toward the end of the quarter through the addition of new customers.
|
During the first nine months of 2026, the Company reported cumulative net income of Ps.8.3 million, including a net loss of Ps.27.9 million in the third quarter,
primarily reflecting the impact of foreign exchange fluctuations and financing costs.
Grupo TMM Reports Third Quarter 2026 Financial Results
Page 2
Outlook
For the remainder of 2026, the Company expects increased activity in Maritime Infrastructure, with shipyard dock utilization supported by repair services already
scheduled for the fourth quarter.
Looking ahead to 2027, Grupo TMM sees growth and diversification opportunities across its business lines, prioritizing projects that contribute to improved profitability
and value creation, while maintaining disciplined capital allocation.
Headquartered in Mexico City, Grupo TMM is a Mexican company that provides comprehensive solutions in maritime
transportation, maritime infrastructure, and ports & terminals logistics operations, through its subsidiaries and affiliated offices. For more information on Grupo TMM, please visit the company’s web site at www.tmm.com.mx. The site offers
Spanish/English language options.
|
|
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the current expectations and beliefs of the Company’s
management, as well as on assumptions made by, and information currently available to, the Company. Actual results could differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned that
all forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially include, among others, global economic conditions and conditions in Mexico, fluctuations in foreign exchange
rates, conditions in the maritime transportation market, changes in the regulatory and business environment, including the United States-Mexico-Canada Agreement (USMCA), as well as the Company’s ability to execute its business strategy,
manage its growth, control costs, and restructure or refinance its indebtedness. Additional information regarding these and other risk factors is contained in the Company’s filings with the U.S. Securities and Exchange Commission,
including its annual report on Form 20-F and its reports on Form 6-K.
|
|
Financial tables follow
Grupo TMM Reports Third Quarter 2026 Financial Results
Page 3
|
Grupo TMM, S.A.B. and Subsidiaries
Balance Sheet*
- Millions of Pesos -
|
|
September 30,
|
December 31,
|
|||||||
|
2026
|
2025
|
|||||||
|
Cash and cash in banks available
|
416.2
|
494.6
|
||||||
|
Restricted cash
|
150.1
|
257.4
|
||||||
|
Total cash and cash equivalents
|
566.2
|
752.0
|
||||||
|
Accounts receivable – Net
|
571.3
|
540.6
|
||||||
|
Other accounts receivable
|
138.5
|
130.7
|
||||||
|
Taxes to be recovered
|
171.2
|
131.1
|
||||||
|
Prepaid expenses and others current assets
|
15.8
|
34.8
|
||||||
|
Total current assets
|
1,463.0
|
1,589.2
|
||||||
|
Property, machinery and, equipment
|
2,942.1
|
2,904.9
|
||||||
|
Cumulative Depreciation
|
(257.0
|
)
|
(185.4
|
)
|
||||
|
Property, machinery and, equipment – Net
|
2,685.2
|
2,719.5
|
||||||
|
Rights of use
|
44.0
|
45.3
|
||||||
|
Other assets
|
250.2
|
241.3
|
||||||
|
Total assets
|
4,442.3
|
4,595.3
|
||||||
|
Bank loans and current maturities of long-term liabilities
|
339.2
|
319.1
|
||||||
|
Leases short-term
|
5.2
|
4.5
|
||||||
|
Suppliers
|
310.9
|
328.5
|
||||||
|
Other accounts payable and accrued expenses
|
408.9
|
412.8
|
||||||
|
Total current liabilities
|
1,064.2
|
1,064.9
|
||||||
|
Bank loans
|
738.9
|
896.9
|
||||||
|
Leases long-term
|
39.1
|
41.7
|
||||||
|
Deferred taxes
|
120.3
|
120.3
|
||||||
|
Other long-term liabilities
|
65.7
|
65.6
|
||||||
|
Total long-term liabilities
|
964.0
|
1,124.5
|
||||||
|
Total liabilities
|
2,028.1
|
2,189.4
|
||||||
|
Total stockholders´ equity
|
2,414.2
|
2,405.8
|
||||||
|
Total liabilities and stockholders´ equity
|
4,442.3
|
4,595.3
|
||||||
*Prepared in accordance with International Financial Reporting Standards as issued
by the International Accounting Standards Board.
Grupo TMM Reports Third Quarter 2026 Financial Results
Page 4
|
Grupo TMM, S.A.B. and Subsidiaries
*Statement of Income
- Millions of Pesos -
|
|
Three months ended
|
Nine months ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
|
Maritime
|
233.3
|
382.3
|
642.2
|
1,134.1
|
||||||||||||
|
Inland Logistics
|
20.1
|
22.0
|
60.2
|
63.2
|
||||||||||||
|
Warehousing Services
|
-
|
26.1
|
-
|
56.8
|
||||||||||||
|
Maritime Infrastructure
|
19.4
|
138.1
|
122.2
|
276.7
|
||||||||||||
|
Revenue from freight and services
|
272.7
|
568.4
|
824.6
|
1,530.8
|
||||||||||||
|
Maritime
|
(166.2
|
)
|
(268.2
|
)
|
(463.7
|
)
|
(797.9
|
)
|
||||||||
|
Inland Logistics
|
(19.7
|
)
|
(21.7
|
)
|
(58.8
|
)
|
(59.2
|
)
|
||||||||
|
Warehousing Services
|
-
|
(34.6
|
)
|
-
|
(108.2
|
)
|
||||||||||
|
Maritime Infrastructure
|
(27.2
|
)
|
(90.2
|
)
|
(102.4
|
)
|
(180.9
|
)
|
||||||||
|
Cost of freight and services
|
(213.1
|
)
|
(414.7
|
)
|
(624.9
|
)
|
(1,146.2
|
)
|
||||||||
|
Maritime
|
(16.6
|
)
|
(19.2
|
)
|
(49.1
|
)
|
(52.2
|
)
|
||||||||
|
Inland Logistics
|
(2.4
|
)
|
1.8
|
(6.7
|
)
|
(6.1
|
)
|
|||||||||
|
Warehousing Services
|
-
|
(2.0
|
)
|
-
|
(6.1
|
)
|
||||||||||
|
Maritime Infrastructure
|
(8.2
|
)
|
(4.4
|
)
|
(21.0
|
)
|
(11.6
|
)
|
||||||||
|
Depreciation and amortization
|
(27.1
|
)
|
(23.8
|
)
|
(76.8
|
)
|
(76.0
|
)
|
||||||||
|
Maritime
|
50.5
|
94.9
|
129.3
|
284.0
|
||||||||||||
|
Inland Logistics
|
(1.9
|
)
|
2.1
|
(5.3
|
)
|
(2.2
|
)
|
|||||||||
|
Warehousing Services
|
-
|
(10.5
|
)
|
-
|
(57.5
|
)
|
||||||||||
|
Maritime Infrastructure
|
(16.0
|
)
|
43.5
|
(1.3
|
)
|
84.2
|
||||||||||
|
Results by business
|
32.6
|
130.0
|
122.8
|
308.6
|
||||||||||||
|
Corporate expenses
|
(23.1
|
)
|
(15.3
|
)
|
(59.9
|
)
|
(44.9
|
)
|
||||||||
|
Corporate depreciation and amortization
|
(2.5
|
)
|
(6.3
|
)
|
(7.4
|
)
|
(7.4
|
)
|
||||||||
|
Non-recurring (expenses) income
|
20.8
|
(0.4
|
)
|
24.2
|
(9.9
|
)
|
||||||||||
|
Operating (loss) gain
|
27.8
|
108.1
|
79.7
|
246.4
|
||||||||||||
|
Financial (expenses) income - Net
|
(17.7
|
)
|
(29.1
|
)
|
(54.6
|
)
|
(86.1
|
)
|
||||||||
|
Leases financial expenses
|
(1.6
|
)
|
(2.3
|
)
|
(4.7
|
)
|
(7.5
|
)
|
||||||||
|
Exchange gain (loss) - Net
|
(36.3
|
)
|
21.2
|
(9.4
|
)
|
107.3
|
||||||||||
|
Net financial cost
|
(55.6
|
)
|
(10.2
|
)
|
(68.7
|
)
|
13.7
|
|||||||||
|
(loss) gain before taxes
|
(27.8
|
)
|
97.8
|
11.0
|
260.1
|
|||||||||||
|
Provision for taxes
|
(0.1
|
)
|
0.0
|
(2.7
|
)
|
0.0
|
||||||||||
|
Net (loss) gain for the period
|
(27.9
|
)
|
97.8
|
8.3
|
260.1
|
|||||||||||
|
Attributable to:
|
||||||||||||||||
|
Minority interest
|
0.05
|
(0.04
|
)
|
0.01
|
(0.2
|
)
|
||||||||||
|
Equity holders of GTMM, S.A.B.
|
(27.9
|
)
|
97.9
|
8.3
|
260.3
|
|||||||||||
|
Weighted average outstanding shares (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
(0.16
|
)
|
0.56
|
0.05
|
1.49
|
|||||||||||
|
Outstanding shares at end of period (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
(0.16
|
)
|
0.56
|
0.05
|
1.49
|
|||||||||||
*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.
Grupo TMM Reports Third Quarter 2026 Financial Results
Page 5
|
Grupo TMM, S.A.B. and subsidiaries
*Statement of Cash Flow
- Millions of Pesos -
|
|
Three months ended
|
Nine months ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
|
Net gain (loss) for the period
|
(27.9
|
)
|
97.8
|
8.3
|
260.1
|
|||||||||||
|
Depreciation & amortization
|
29.5
|
31.8
|
85.0
|
85.1
|
||||||||||||
|
Deferred taxes
|
-
|
-
|
-
|
(1.5
|
)
|
|||||||||||
|
Other non-cash items
|
51.1
|
3.6
|
73.5
|
(17.4
|
)
|
|||||||||||
|
Total non-cash items
|
80.7
|
35.4
|
158.5
|
66.1
|
||||||||||||
|
Changes in assets & liabilities
|
(167.8
|
)
|
(57.1
|
)
|
(97.1
|
)
|
(249.8
|
)
|
||||||||
|
Total adjustments
|
(87.1
|
)
|
(21.8
|
)
|
61.4
|
(183.6
|
)
|
|||||||||
|
Net cash provided by (used in) operating activities
|
(115.0
|
)
|
76.1
|
69.7
|
76.5
|
|||||||||||
|
Proceeds from sale of assets/interest received
|
5.1
|
1.6
|
16.1
|
3.3
|
||||||||||||
|
Payments for purchase of assets
|
(11.9
|
)
|
(6.1
|
)
|
(44.4
|
)
|
(655.0
|
)
|
||||||||
|
Net cash provided by (used in) investment activities
|
(6.7
|
)
|
(4.5
|
)
|
(28.2
|
)
|
(651.8
|
)
|
||||||||
|
Short-term borrowings (net)
|
(83.5
|
)
|
12.4
|
(138.9
|
)
|
(91.2
|
)
|
|||||||||
|
Repayment of leases
|
(2.7
|
)
|
(2.8
|
)
|
(8.1
|
)
|
(8.4
|
)
|
||||||||
|
Proceeds from (repayment of) long-term debt
|
(35.6
|
)
|
(30.6
|
)
|
(79.5
|
)
|
770.9
|
|||||||||
|
Net cash provided by (used in) financing activities
|
(121.8
|
)
|
(21.0
|
)
|
(226.5
|
)
|
671.3
|
|||||||||
|
Exchange effect on cash
|
5.00
|
(3.9
|
)
|
(0.8
|
)
|
(24.0
|
)
|
|||||||||
|
Net increase (decrease) in cash
|
(238.6
|
)
|
46.7
|
(185.8
|
)
|
72.0
|
||||||||||
|
Cash at beginning of period
|
804.8
|
232.5
|
752.0
|
207.1
|
||||||||||||
|
Cash at end of period
|
566.2
|
279.1
|
566.2
|
279.1
|
||||||||||||
Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.