BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.

Financials Bolsa Mexicana de Valores, S.A.B. de C.V.

Equities

BOLSA A

MX01BM1B0000

Financial & Commodity Market Operators

End-of-day quote Mexican S.E. Other stock markets 06/02/2026			5-day change	1st Jan Change
36.69 ^MXN	+2.06%		+4.68%	-0.89%

06/02	Diary-Mexico corporate earnings week ahead	RE
21/01	Mexico's main stock index extends gains, topping 68,000 pts for first time	RE

Projected Income Statement: Bolsa Mexicana de Valores, S.A.B. de C.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,914	3,924	4,100	3,931	4,165	4,470	4,733	5,009
Change	-	0.26%	4.47%	-4.1%	5.94%	7.33%	5.88%	5.83%
EBITDA ¹	2,376	2,409	2,503	2,188	2,388	2,535	2,661	2,817
Change	-	1.39%	3.9%	-12.58%	9.14%	6.14%	4.99%	5.84%
EBIT ¹	2,168	2,184	2,283	2,035	2,159	2,281	2,371	2,516
Change	-	0.73%	4.56%	-10.87%	6.08%	5.63%	3.95%	6.14%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,294	2,334	2,538	2,427	2,536	2,536	2,639	2,823
Change	-	1.75%	8.76%	-4.39%	4.5%	0.01%	4.07%	6.98%
Net income ¹	1,493	1,597	1,662	1,508	1,637	1,639	1,719	1,835
Change	-	6.98%	4.04%	-9.22%	8.53%	0.14%	4.85%	6.75%
Announcement Date	16/02/21	15/02/22	15/02/23	13/02/24	11/02/25	-	-	-

¹MXN in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	954	982.8	965.5	926.4	1,050	1,150	997.3	978.8	973.2	1,034	945.6	933.4	1,018	966.6	1,004	1,057	1,138	1,128	1,107	1,102	1,117	1,118	1,163	1,220
Change	-	3.02%	-1.77%	-4.04%	13.28%	9.6%	-13.3%	-1.85%	-0.57%	6.25%	-8.55%	-1.29%	9.11%	-5.09%	3.83%	5.32%	7.64%	-0.82%	-1.94%	-0.46%	1.44%	0.08%	3.98%	4.97%
EBITDA ¹	562	582.1	583.6	541.2	702	756.7	606.9	571.3	568	619.6	521.3	511.9	536	551.6	556.1	609.1	671.1	647.3	633	623	621.9	637	659.2	692.6
Change	-	3.58%	0.26%	-7.27%	29.71%	7.8%	-19.8%	-5.87%	-0.58%	9.09%	-15.87%	-1.81%	4.72%	2.92%	0.8%	9.55%	10.17%	-3.54%	-2.22%	-1.58%	-0.18%	2.42%	3.49%	5.08%
EBIT ¹	505	527	526.7	481.5	643	700.9	550.6	517	515	563.3	462.2	458.1	535.5	490	496.8	551.8	620.5	585.4	576.8	558.2	551.9	567.9	586	615.8
Change	-	4.36%	-0.07%	-8.57%	33.53%	9%	-21.43%	-6.11%	-0.39%	9.37%	-17.95%	-0.88%	16.9%	-8.5%	1.39%	11.09%	12.45%	-5.65%	-1.47%	-3.22%	-1.14%	2.91%	3.18%	5.09%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	474.9	576.5	548.6	522.8	688.2	726.1	639.2	600.5	572.4	654.2	572.6	559.4	633.7	594.7	603.1	-	703.6	-	632.1	618.2	588	-	-	-
Change	-	21.39%	-4.83%	-4.71%	31.64%	5.5%	-11.96%	-6.06%	-4.68%	14.29%	-12.48%	-2.29%	13.27%	-6.15%	1.4%	-	-	-	-	-2.18%	-4.89%	-	-	-
Net income ¹	325	379.2	351.7	368.1	498.1	478.7	403.9	400	379.1	414.9	355.8	329.5	408.2	375	385.1	409.9	467.2	436.9	399.9	392.9	392	407.9	413.5	430.2
Change	-	16.68%	-7.25%	4.66%	35.33%	-3.9%	-15.64%	-0.95%	-5.23%	9.44%	-14.23%	-7.39%	23.89%	-8.13%	2.67%	6.45%	13.97%	-6.49%	-8.47%	-1.74%	-0.23%	4.05%	1.37%	4.05%
Announcement Date	16/02/21	20/04/21	20/07/21	19/10/21	15/02/22	19/04/22	19/07/22	18/10/22	15/02/23	18/04/23	18/07/23	17/10/23	13/02/24	23/04/24	23/07/24	22/10/24	11/02/25	22/04/25	22/07/25	21/10/25	-	-	-	-

¹MXN in Million

Estimates

Forecast Balance Sheet: Bolsa Mexicana de Valores, S.A.B. de C.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-3,441	-3,444	-	-3,340	-3,372	-3,641	-3,954	-4,358
Change	-	-0.09%	-	-	-0.96%	-7.98%	-8.6%	-10.22%
Announcement Date	16/02/21	15/02/22	15/02/23	13/02/24	11/02/25	-	-	-

¹MXN in Million

Estimates

Cash Flow Forecast: Bolsa Mexicana de Valores, S.A.B. de C.V.

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
CAPEX ¹	40	79	187.9	259.1	216	256.5	224.5
Change	-	97.5%	-	37.92%	-16.63%	18.75%	-12.48%
Free Cash Flow (FCF) ¹	1,854	1,717	1,742	1,859	894	1,004	1,230
Change	-	-7.39%	-	6.71%	-51.91%	12.3%	22.56%
Announcement Date	16/02/21	15/02/22	13/02/24	11/02/25	-	-	-

¹MXN in Million

Estimates

Forecast Financial Ratios: Bolsa Mexicana de Valores, S.A.B. de C.V.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	60.71%	61.39%	61.05%	55.65%	57.33%	56.7%	56.22%	56.22%
EBIT Margin (%)	55.39%	55.65%	55.7%	51.77%	51.84%	51.02%	50.09%	50.23%
EBT Margin (%)	58.6%	59.47%	61.92%	61.72%	60.88%	56.73%	55.76%	56.36%
Net margin (%)	38.15%	40.7%	40.53%	38.37%	39.31%	36.67%	36.32%	36.63%
FCF margin (%)	47.38%	43.76%	-	44.31%	44.63%	20%	21.21%	24.56%
FCF / Net Income (%)	124.21%	107.53%	-	115.48%	113.54%	54.53%	58.41%	67.06%
Profitability
ROA	18.34%	18.76%	-	17.18%	18.37%	17.32%	16.36%	16.69%
ROE	21.75%	21.7%	-	21%	22.26%	21.38%	21.09%	21.19%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.02%	2.01%	-	4.78%	6.22%	4.83%	5.42%	4.48%
CAPEX / EBITDA (%)	1.68%	3.28%	-	8.59%	10.85%	8.52%	9.64%	7.97%
CAPEX / FCF (%)	2.16%	4.6%	-	10.78%	13.94%	24.16%	25.55%	18.24%
Items per share
Cash flow per share ¹	3.195	3.054	-	3.387	3.781	3.144	3.414	3.844
Change	-	-4.41%	-	-	11.64%	-16.85%	8.58%	12.61%
Dividend per Share ¹	2.02	2.16	-	2.32	-	2.228	2.339	2.53
Change	-	6.93%	-	-	-	-	4.99%	8.15%
Book Value Per Share ¹	12.24	13.14	-	12.84	13.2	13.97	14.71	15.37
Change	-	7.35%	-	-	2.85%	5.82%	5.26%	4.5%
EPS ¹	2.52	2.9	2.87	2.65	2.92	2.918	3.094	3.33
Change	-	15.08%	-1.03%	-7.67%	10.19%	-0.05%	6.02%	7.61%
Nbr of stocks (in thousands)	5,92,989	5,88,303	5,78,656	5,69,994	5,60,121	5,55,766	5,55,766	5,55,766
Announcement Date	16/02/21	15/02/22	15/02/23	13/02/24	11/02/25	-	-	-