Orbia (ORBIA) investor relations material

Executive summary

• Revenues reached $2.4 billion, up 20% year-over-year, with growth across all business groups.

• EBITDA rose 56% to $467 million, with margin expansion to 19.9%, reflecting strategic execution, cost optimization, and strong market positioning.

• Strong performance in Polymer Solutions, Building & Infrastructure, Fluor & Energy Materials, and Connectivity Solutions, driven by robust demand in telecom, AI data centers, and power grid infrastructure.

• Demonstrated agility in pricing and cost management, offsetting higher input costs from Middle East geopolitical events.

• Net income to majority shareholders was $15 million, reversing a net loss of $126 million in the prior year quarter.

Financial highlights

• Net revenues of $2.4 billion increased 20% year-over-year, with all business groups contributing.

• EBITDA of $467 million increased 56% year-over-year, driven by higher resin prices and favorable product mix.

• Operating income was $304 million (+121% YoY); gross profit was $654 million (+51% YoY).

• Operating cash flow was $62 million, up $15 million year-over-year, despite higher working capital needs.

• Free cash flow was -$73 million, a $9 million improvement year-over-year, due to higher operating cash flow and seasonal working capital build-up.

Outlook and guidance

• Full-year 2026 EBITDA expected to be at least $1.2 billion.

• Capital expenditures for 2026 projected at $400 million, focused on maintenance and strategic growth, especially in Fluor & Energy Materials.

• Effective tax rate (excluding discrete items) anticipated at 27–32% for 2026.

• Management remains cautious about sustaining Q2’s favorable trends in H2 2026 and will monitor demand closely.

• Continued focus on cost control, operational safety, and cash generation across all segments.