In the first quarter of 2026 (1Q26), TRAXION released its quarterly results, which showed a mixed performance between consolidated revenues and EBITDA.
In Q1 2026, consolidated revenues reached 9.062 billion pesos (mdp), representing a 24.5% increase compared to the same quarter of 2025. This performance was once again driven by the Logistics and Technology segment, which accounted for almost half of total revenues, “primarily as a result of the integration of Solistica’s operations,” explained Aby Lijtszain, co-founder and CEO of TRAXION.
Meanwhile, the quarterly report stated that EBITDA achieved in the period totaled 1,242 million pesos, representing a contraction of 7.5% when compared to Q1 2025.
“Last year was very challenging, marked by widespread uncertainty that caused significant disruptions across various industries and significantly impacted the operations of several of our clients. This resulted in intermittent levels of demand for our services, which negatively affected the overall pricing structure in the transportation sector,” Lijtszain added.
From the executive’s perspective, 2026 is shaping up to be a challenging year in macroeconomic and geopolitical terms, with possible impacts on operating volume and pressure on the price structure, in addition to a temporary increase in energy prices.
“Therefore, we have decided to proceed cautiously and take a series of actions that will help us prioritize the Company’s results. These include a reduction of approximately 500 million pesos in CapEx ; a complete reorganization of the freight mobility division, which includes reducing a percentage of the less profitable fleet; as well as a reconfiguration of the administrative, operational, and commercial support areas,” added Aby Lijtszain.
CapEx reached 594 million pesos in Q1 2026, in line with the company’s investment plan.
Meanwhile, the net debt to EBITDA ratio stood at 2.46x in Q1 2026.
Behavior by segments
With Solistica now integrated into the Logistics and Transportation division, its revenues in Q1 2026 reached 4,454 million pesos, representing an increase of 73.9% compared to the same period in 2025.
In the case of Freight Mobility, Aby Lijtszain explained to investors that the effects in this market have generated disruptions that have impacted financial results and net profit.
Total freight mobility revenues reached 1.86 billion pesos in Q1 2026, representing a 9.2% contraction compared to the previous quarter.
Given this situation, Aby Lijtszain anticipated that they are considering a plan to reduce the least profitable assets in the cargo mobility segment, “we anticipate that it could reach up to 25% of the fleet, which will contribute to reducing the cost base and expenses of these units, and whose adjustment would have a positive effect going forward.
Similarly, this action will generate a business opportunity, as we will seek to transfer the clients associated with that portion of the fleet to operate their volumes through TRAXPORTA, supporting the Company’s strategy to expand asset-light operations.”
Finally, the People Mobility division stood at 2,748 million pesos, which represented an increase of just 3%, which meant a share of 25% of TRAXION’s total revenue.
Operational results
In Q1 2026, TRAXION reported that its freight mobility business covered 54.9 million kilometers with a fleet of 2,287 vehicles , generating an average revenue of 33.88 pesos per kilometer. During this period, kilometers traveled decreased by 6.0% and revenue per kilometer by 3.3%.
Passenger mobility reached 8,594 units, a 0.3% increase compared to the previous period. Total kilometers traveled amounted to 112.6 million kilometers, a 6.6% decrease compared to Q1 2025, while revenue per kilometer was 24.41 pesos, a 10.3% increase.
Regarding the Logistics and Technology results, a contraction was identified in the last mile fleet, which stood at 281 units in Q1 2026, a decrease of 12.2% compared to Q1 2025; the 3PL warehouse area (m2) stood at 925,684 m2, a growth of 48.5% in the comparison.
Revenue per square meter was 358.50 pesos, an increase of 16% compared to the 309.16 pesos of Q1 2025.
In terms of costs, the average cost per kilometer for freight mobility was 29.07 pesos per kilometer , 10.0% higher than the previous quarter. Passenger mobility registered 17.89 pesos per kilometer, an 11.9% difference compared to Q1 2025.
The cost per square meter was 228.13 pesos , a 3.2% increase compared to the 221.14 of Q1 2025, according to the TRAXION report.
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