Strong Financing Activity and Listings
Financing activity rose 84% YoY (additional MXN 105 billion) to MXN 230 billion; long-term debt financing increased 270% to MXN 146 billion; new listings increased 200% (from 11 to 33); 2 FIBRAS deals totaling MXN 9 billion; record 580 long-term programs totaling MXN 1.8 trillion.
Revenue and EBITDA Growth
Revenues grew 7% YoY (MXN 83 million) driven by volatility and higher market activity; EBITDA rose 6% YoY to MXN 685 million with an EBITDA margin of 56.5% (down 1 pp YoY).
Equity Market Momentum
Average daily trading volume/value approached MXN 21 billion, up over 20% YoY; cash equity trading and clearing combined grew 19%; maintained ~80% market share in equity trading.
Derivatives and Futures Strength
Futures activity (peso-dollar contract) doubled vs Q1 2025 and MexDer revenue grew 24%, driving strong derivatives trading performance.
Indeval and Post-Trade Performance
Assets under custody increased 14% YoY to MXN 47 trillion; settlement averaged MXN 11 trillion per day (25% increase in equity market instruments); cross-border SIC transactions traded value up 29% and operations up 47%.
Progress on Strategic Technology Initiatives
Two major projects on track: new derivatives platform (technical testing June, functional testing Sept, conclude Q4 2026, go-live Q1 2027) and repo clearing segment (industry testing Q3 2026, design complete Dec 2026); CapEx guidance for 2026 remains ~MXN 500 million.
Capital Return Plan
Dividend proposal of MXN 2.50 per share; commitment to return ~80% of net income via dividend/buybacks with possibility of extraordinary dividend if buybacks don't cover target.
Improved Market Information Driving Share Gains
Enhancements in block trading dissemination and trading reports improved decision-making for brokers, contributing to market share gains in equities.