Despite economic and commercial instability coupled with weather events in the United States, Grupo México Transportes (GMXT) achieved a 5.7% increase in revenue during the first quarter of 2025 (1Q25), compared to the same period last year, despite a decrease in transported volumes.
In Q1 2025, GMXT’s revenues were 15.884 billion pesos (mdp), while in the same period last year they were 15.031 billion pesos, a nominal increase of 853 million pesos.
According to its report sent to the Mexican Stock Exchange (BMV) , this difference was achieved by the results of a combination of operational, commercial and growth factors in some segments, coupled with the exchange rate effects of the peso against the dollar.
He specified that the greatest boost came from the intermodal segment, which grew 25% year-over-year in Q1 2025, due to increased volume in cross-border operations and a recovery in demand for shipments in South Florida, United States.
Regarding volume, GMXT detailed that during the aforementioned period it mobilized 487,639 cars, which meant a decrease of 6% compared to the same period in 2024, “notwithstanding this decrease, a growth in car volume of 5% in the Intermodal segment can be highlighted.
While EBITDA reached 6.921 billion pesos in 1Q25, showing a 2.1% year-over-year growth, the margin reported a decrease of 150 basis points due to a change in traffic mix and an 8.2% increase in costs compared to 2024.
Similarly, he explained that operational practices drove an improvement in productivity and efficiency levels , with horsepower utilization per ton improving by 4%, which also led to a 4% increase in train length and an 8% reduction in crew numbers.
Additionally, GMXT saw a 5% improvement in train speed and a 10% improvement in terminal car stays . “Continuing these results will allow us to increase the competitiveness of our service to levels higher than those we had before the migrant crisis and cope with the circumstances of the global economic environment.”
“By the start of 2025, the investment plan has been launched, which includes a 15% increase in the fleet of road locomotives and 1,600 rail cars, as well as other expansion, efficiency, and road safety projects that will allow for improved performance and operating results,” the broadcaster said in its communication to investors.
GMXT assured that it maintains its investment commitment of $410 million for this year, which includes the acquisition of rail equipment and new projects on the network, yards, and terminals. This will allow for the execution of expansion, safety, and efficiency projects, improving service and productivity and enabling it to address new growth opportunities.
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