Grupo TMM (OTC: GTMAY) Q2 2026 revenue MXN 261M, net income MXN 34M
Rhea-AI Filing Summary
Grupo TMM reported second quarter 2026 revenue from freight and services of 261.1 million pesos, compared with 475.4 million pesos a year earlier, mainly reflecting the completion of extraordinary 2025 contracts and a different mix of maritime, logistics and infrastructure services.
Net income attributable to equity holders was 34.3 million pesos, or 0.20 pesos per share, versus 116.2 million pesos, or 0.67 pesos per share, in second quarter 2025, influenced by foreign-exchange movements and comprehensive financing costs. Total assets were 4,534.8 million pesos and stockholders’ equity 2,442.0 million pesos at June 30, 2026. Cash and cash equivalents were 804.8 million pesos, with operating activities generating 70.4 million pesos of cash in the quarter; the company describes this as supporting a solid equity base and adequate liquidity.
Positive
- None.
Negative
- None.
Filing Explained
The July 31 filing adds results to an F-3 registration statement, but discloses no offering, sale, or resulting dilution; cash restrictions remain disclosed.
As a Form 6-K, this July 31 filing is an interim report, and the company states that it and Exhibit 99.1 are incorporated by reference into an F-3 registration statement.
That incorporation is a registration-document step, not a disclosure that securities were offered or sold; the filing therefore does not disclose a resulting issuance or dilution for existing common holders.
The F-3 registration statement is the named document to check for any later transaction terms; this filing provides no amount, consideration, dilution, use of proceeds, or conversion or exercise terms.
Key Figures
Q2 2026 revenue from freight and services: 261.1 million pesos
Q2 2026 net income attributable to equity holders: 34.3 million pesos
Q2 2026 earnings per share: 0.20 pesos per share
+4 more
7 metrics
Q2 2026 revenue from freight and services
261.1 million pesos
Three months ended June 30, 2026
Q2 2026 net income attributable to equity holders
34.3 million pesos
Three months ended June 30, 2026
Q2 2026 earnings per share
0.20 pesos per share
Three months ended June 30, 2026; 174.55 million weighted average shares
Total assets
4,534.8 million pesos
As of June 30, 2026
Total stockholders’ equity
2,442.0 million pesos
As of June 30, 2026
Cash and cash equivalents
804.8 million pesos
As of June 30, 2026
Net cash from operating activities
70.4 million pesos
Three months ended June 30, 2026
Key Terms
Restricted cash, Deferred taxes, Non-recurring (expenses) income, Comprehensive financing costs, +1 more
5 terms
Restricted cash financial
"Restricted cash 302.2 ... Total cash and cash equivalents 804.8"
Cash that a company holds but cannot use for day-to-day operations because it is set aside for a specific purpose—such as meeting loan covenants, serving as collateral, funding an escrow, or complying with regulations. Like money in a locked savings account earmarked for a bill, restricted cash reduces the cash available to run the business and pay dividends or debts, so investors treat it differently when assessing a company’s true short-term financial strength.
Deferred taxes financial
"Deferred taxes 120.3 ... Other long-term liabilities 65.7"
Deferred taxes are tax obligations or tax benefits a company records now because accounting books and tax rules recognize income and expenses at different times; the cash actually paid to or recovered from tax authorities will happen later. Think of it like receiving an invoice for taxes in the future: it changes reported profits today but may mean a real cash outflow or cash saving later, so investors watch deferred taxes to understand future tax burdens, cash flow and the true health of earnings.
Non-recurring (expenses) income financial
"Non-recurring (expenses) income 4.3 ... 3.4 for six months"
Comprehensive financing costs financial
"Net income for the period also reflected the evolution of comprehensive financing costs."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Grupo TMM (GTMAY) perform financially in Q2 2026?
Grupo TMM reported Q2 2026 revenue of 261.1 million pesos and net income of 34.3 million pesos. Earnings per share were 0.20 pesos, compared with 0.67 pesos in Q2 2025, based on 174.55 million weighted average shares.
What were Grupo TMM (GTMAY)'s segment revenues in Q2 2026?
In Q2 2026, Grupo TMM generated 174.4 million pesos from Maritime, 20.5 million pesos from Inland Logistics, 66.1 million pesos from Maritime Infrastructure and no revenue from Warehousing Services. Total revenue from freight and services was 261.1 million pesos.
What is Grupo TMM (GTMAY)'s balance sheet position as of June 30, 2026?
As of June 30, 2026, Grupo TMM had total assets of 4,534.8 million pesos, total liabilities of 2,092.8 million pesos and stockholders’ equity of 2,442.0 million pesos. Cash and cash equivalents totaled 804.8 million pesos, including restricted cash.
How much cash did Grupo TMM (GTMAY) generate from operations in Q2 2026?
Net cash provided by operating activities in Q2 2026 was 70.4 million pesos, slightly above 67.8 million pesos in Q2 2025. This figure reflects net income, non-cash charges of 30.8 million pesos and favorable changes in assets and liabilities of 5.3 million pesos.
What were Grupo TMM (GTMAY)'s results for the first half of 2026?
For the six months ended June 30, 2026, Grupo TMM reported revenue of 551.8 million pesos and net income of 36.2 million pesos. Earnings per share for the period were 0.21 pesos, based on 174.55 million weighted average shares outstanding.
What is Grupo TMM (GTMAY)'s liquidity position based on this report?
Grupo TMM ended June 30, 2026 with 804.8 million pesos in cash and cash equivalents and total current assets of 1,536.8 million pesos. Current liabilities were 1,075.0 million pesos, and management characterizes its equity base and liquidity as solid and adequate.
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 JULY 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: July 31, 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 July 31, 2026 (GRUPO TMM REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS).
|
Exhibit 99.1
n 793.3
TMM COMPANY CONTACT:
Verónica Tego Sánchez, CFO
011-52-55-5629-8866
veronica.tego@tmm.com.mx
GRUPO TMM REPORTS SECOND QUARTER 2026 RESULTS
(In Mexican Pesos)
Second Quarter 2026 Highligths:
| o |
Second quarter results were in line with Management’s expectations.
|
| o |
Revenue totaled Ps.261.1 million.
|
| o |
Operating Income of Ps.26.3 million.
|
| o |
Net income of Ps.34.3 million
|
Mexico City, July 31, 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 second quarter of 2026
 |
“During the first half of 2026, we continued executing our strategy with a clear focus on enhancing the profitability of our operations. At the same time, we continued strengthening our
capabilities while developing strategic partnerships that enhance Grupo TMM’s commercial reach and operating capabilities, with the objective of reinforcing our position across the maritime, logistics and infrastructure sectors.
We are confident that the initiatives currently underway will progressively strengthen our competitive positioning and our ability to generate sustainable long-term value for our
shareholders.”
Vanessa Serrano Cuevas
Chief Executive Officer
|
Operating performance
Results for the period primarily reflected the completion of certain extraordinary contracts recognized during 2025, as well as a different mix of services across the Company’s operating businesses.
| • |
Maritime – Results reflected the completion of certain contracts, as well as lower activity levels for certain specialized offshore vessels, driven by the customer’s operational requirements during
the period, affecting first-half performance.
|
| • |
Maritime Infrastructure – The mix of services performed during the period differed from that of the first half of 2025, affecting year-over-year comparability.
|
| • |
Land Logistics – Maintained stable activity levels during the first half of the year, while continuing to contribute to the diversification of the Company’s business portfolio.
|
Net income for the period also reflected the impact of foreign exchange fluctuations, as well as the evolution of comprehensive financing costs.
Grupo TMM Reports Second Quarter 2026 Financial Results
Page 2
Outlook
The Company maintains a solid equity base and an adequate liquidity position to continue executing its strategic initiatives and generating sustainable long-term value for its shareholders.
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 Second Quarter 2026 Financial Results
Page 3
Grupo TMM, S.A.B. and Subsidiaries
Balance Sheet*
- Millions of Pesos -
|
June 30,
|
December 31,
|
|||||||
|
2026
|
2025
|
|||||||
|
Cash and cash in banks available
|
502.6
|
494.6
|
||||||
|
Restricted cash
|
302.2
|
257.4
|
||||||
|
Total cash and cash equivalents
|
804.8
|
752.0
|
||||||
|
Accounts receivable – Net
|
410.2
|
540.6
|
||||||
|
Other accounts receivable
|
137.8
|
130.7
|
||||||
|
Taxes to be recovered
|
164.7
|
143.3
|
||||||
|
Prepaid expenses and others current assets
|
19.2
|
34.8
|
||||||
|
Total current assets
|
1,536.8
|
1,601.3
|
||||||
|
Property, machinery and, equipment
|
2,930.2
|
2,904.9
|
||||||
|
Cumulative Depreciation
|
(232.9
|
)
|
(185.4
|
)
|
||||
|
Property, machinery and, equipment – Net
|
2,697.3
|
2,719.5
|
||||||
|
Rights of use
|
41.9
|
45.3
|
||||||
|
Other assets
|
258.8
|
241.3
|
||||||
|
Total assets
|
4,534.8
|
4,607.4
|
||||||
|
Bank loans and current maturities of long-term liabilities
|
345.6
|
319.1
|
||||||
|
Leases short-term
|
4.8
|
4.5
|
||||||
|
Suppliers
|
309.8
|
328.5
|
||||||
|
Other accounts payable and accrued expenses
|
414.8
|
425.0
|
||||||
|
Total current liabilities
|
1,075.0
|
1,077.1
|
||||||
|
Bank loans
|
792.6
|
896.9
|
||||||
|
Leases long-term
|
39.2
|
41.7
|
||||||
|
Deferred taxes
|
120.3
|
120.3
|
||||||
|
Other long-term liabilities
|
65.7
|
65.6
|
||||||
|
Total long-term liabilities
|
1,017.8
|
1,124.5
|
||||||
|
Total liabilities
|
2,092.8
|
2,201.6
|
||||||
|
Total stockholders´ equity
|
2,442.0
|
2,405.8
|
||||||
|
Total liabilities and stockholders´ equity
|
4,534.8
|
4,607.4
|
||||||
*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.
Grupo TMM Reports Second Quarter 2026 Financial Results
Page 4
Grupo TMM, S.A.B. and Subsidiaries
*Statement of Income
- Millions of Pesos -
|
Three months ended
|
Six months ended
|
|||||||||||||||
|
June 30,
|
June 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
|
Maritime
|
174.4
|
360.3
|
408.9
|
751.8
|
||||||||||||
|
Inland Logistics
|
20.5
|
21.1
|
40.1
|
41.2
|
||||||||||||
|
Warehousing Services
|
0.0
|
14.9
|
0.0
|
30.7
|
||||||||||||
|
Maritime Infrastructure
|
66.1
|
79.2
|
102.8
|
138.6
|
||||||||||||
|
Revenue from freight and services
|
261.1
|
475.4
|
551.8
|
962.3
|
||||||||||||
|
Maritime
|
(130.5
|
)
|
(247.7
|
)
|
(297.5
|
)
|
(529.7
|
)
|
||||||||
|
Inland Logistics
|
(19.4
|
)
|
(19.9
|
)
|
(39.1
|
)
|
(37.5
|
)
|
||||||||
|
Warehousing Services
|
0.0
|
(40.4
|
)
|
0.0
|
(73.6
|
)
|
||||||||||
|
Maritime Infrastructure
|
(41.1
|
)
|
(47.3
|
)
|
(75.2
|
)
|
(90.7
|
)
|
||||||||
|
Cost of freight and services
|
(191.0
|
)
|
(355.3
|
)
|
(411.9
|
)
|
(731.5
|
)
|
||||||||
|
Maritime
|
(16.0
|
)
|
(19.2
|
)
|
(32.5
|
)
|
(33.0
|
)
|
||||||||
|
Inland Logistics
|
(2.2
|
)
|
(4.0
|
)
|
(4.4
|
)
|
(8.0
|
)
|
||||||||
|
Warehousing Services
|
0.0
|
(2.0
|
)
|
0.0
|
(4.1
|
)
|
||||||||||
|
Maritime Infrastructure
|
(7.5
|
)
|
(3.9
|
)
|
(12.8
|
)
|
(7.2
|
)
|
||||||||
|
Depreciation and amortization
|
(25.7
|
)
|
(29.1
|
)
|
(49.8
|
)
|
(52.3
|
)
|
||||||||
|
Maritime
|
27.9
|
93.3
|
78.9
|
189.0
|
||||||||||||
|
Inland Logistics
|
(1.0
|
)
|
(2.8
|
)
|
(3.4
|
)
|
(4.3
|
)
|
||||||||
|
Warehousing Services
|
0.0
|
(27.6
|
)
|
0.0
|
(46.9
|
)
|
||||||||||
|
Maritime Infrastructure
|
17.5
|
28.0
|
14.7
|
40.7
|
||||||||||||
|
Results by business
|
44.4
|
91.0
|
90.2
|
178.6
|
||||||||||||
|
Corporate expenses
|
(20.0
|
)
|
(14.4
|
)
|
(36.8
|
)
|
(29.6
|
)
|
||||||||
|
Corporate depreciation and amortization
|
(2.5
|
)
|
(0.5
|
)
|
(4.9
|
)
|
(1.1
|
)
|
||||||||
|
Non-recurring (expenses) income
|
4.3
|
(3.0
|
)
|
3.4
|
(9.5
|
)
|
||||||||||
|
Operating (loss) gain
|
26.3
|
73.1
|
51.9
|
138.4
|
||||||||||||
|
Financial (expenses) income - Net
|
(17.9
|
)
|
(29.7
|
)
|
(36.8
|
)
|
(57.0
|
)
|
||||||||
|
Leases financial expenses
|
(1.6
|
)
|
(2.4
|
)
|
(3.2
|
)
|
(5.2
|
)
|
||||||||
|
Exchange gain (loss) - Net
|
30.1
|
75.1
|
26.9
|
86.1
|
||||||||||||
|
Net financial cost
|
10.6
|
43.0
|
(13.1
|
)
|
24.0
|
|||||||||||
|
(loss) gain before taxes
|
36.9
|
116.1
|
38.8
|
162.3
|
||||||||||||
|
Provision for taxes
|
(2.6
|
)
|
0.0
|
(2.6
|
)
|
0.0
|
||||||||||
|
Net (loss) gain for the period
|
34.3
|
116.1
|
36.2
|
162.3
|
||||||||||||
|
Attributable to:
|
||||||||||||||||
|
Minority interest
|
(0.05
|
)
|
(0.1
|
)
|
(0.0
|
)
|
(0.1
|
)
|
||||||||
|
Equity holders of GTMM, S.A.B.
|
34.3
|
116.2
|
36.2
|
162.5
|
||||||||||||
|
Weighted average outstanding shares (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
0.20
|
0.67
|
0.21
|
0.93
|
||||||||||||
|
Outstanding shares at end of period (millions)
|
174.55
|
174.55
|
174.55
|
174.55
|
||||||||||||
|
Income (loss) earnings per share (pesos/share)
|
0.20
|
0.67
|
0.21
|
0.93
|
||||||||||||
*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.
Grupo TMM Reports Second Quarter 2026 Financial Results
Page 5
Grupo TMM, S.A.B. and subsidiaries
*Statement of Cash Flow
- Millions of Pesos -
|
Three months ended
|
Six months ended
|
|||||||||||||||
|
June 30,
|
June 30,
|
|||||||||||||||
|
2026
|
2025
|
2026
|
2025
|
|||||||||||||
|
Net gain (loss) for the period
|
34.3
|
116.1
|
36.2
|
162.3
|
||||||||||||
|
Depreciation & amortization
|
28.2
|
29.6
|
55.5
|
53.3
|
||||||||||||
|
Deferred taxes
|
1.6
|
(0.4
|
)
|
0.0
|
(1.5
|
)
|
||||||||||
|
Other non-cash items
|
1.0
|
(49.7
|
)
|
22.4
|
(21.0
|
)
|
||||||||||
|
Total non-cash items
|
30.8
|
(20.5
|
)
|
77.8
|
30.8
|
|||||||||||
|
Changes in assets & liabilities
|
5.3
|
(27.8
|
)
|
70.7
|
(192.7
|
)
|
||||||||||
|
Total adjustments
|
36.1
|
(48.2
|
)
|
148.5
|
(161.9
|
)
|
||||||||||
|
Net cash provided by (used in) operating activities
|
70.4
|
67.8
|
184.7
|
0.4
|
||||||||||||
|
Proceeds from sale of assets/interest received
|
5.7
|
0.9
|
11.0
|
1.7
|
||||||||||||
|
Payments for purchase of assets
|
(23.1
|
)
|
(14.4
|
)
|
(32.5
|
)
|
(649.0
|
)
|
||||||||
|
Net cash provided by (used in) investment activities
|
(17.3
|
)
|
(13.6
|
)
|
(21.5
|
)
|
(647.3
|
)
|
||||||||
|
Short-term borrowings (net)
|
(9.2
|
)
|
(63.2
|
)
|
(55.5
|
)
|
(103.6
|
)
|
||||||||
|
Repayment of leases
|
(2.7
|
)
|
(2.6
|
)
|
(5.4
|
)
|
(5.6
|
)
|
||||||||
|
Proceeds from (repayment of) long-term debt
|
(4.1
|
)
|
(3.5
|
)
|
(43.8
|
)
|
801.5
|
|||||||||
|
Net cash provided by (used in) financing activities
|
(16.0
|
)
|
(69.3
|
)
|
(104.6
|
)
|
692.3
|
|||||||||
|
Exchange effect on cash
|
(5.89
|
)
|
(16.7
|
)
|
(5.8
|
)
|
(20.1
|
)
|
||||||||
|
Net increase (decrease) in cash
|
31.2
|
(31.8
|
)
|
52.8
|
25.4
|
|||||||||||
|
Cash at beginning of period
|
773.7
|
264.2
|
752.0
|
207.1
|
||||||||||||
|
Cash at end of period
|
804.8
|
232.5
|
804.8
|
232.5
|
||||||||||||
Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.