Market Newsdesk

NEW YORK, April 20, 2026 (GLOBE NEWSWIRE) — AMC Robotics Corporation (Nasdaq: AMCI) (“AMC Robotics” or the “Company”), an AI-driven robotics solutions provider, today reported financial results for the full year ended December 31, 2025.

“2025 was a defining year for AMC Robotics. We completed our business combination with AlphaVest Acquisition Corp, began trading on Nasdaq, and built a solid operational and financial foundation to execute our growth strategy,” said Sean Da, Chairman of the Board and Chief Executive Officer. “Our existing operations delivered $6.0 million in revenue and a 48% gross margin, giving us the runway to invest in what we believe will be a high-growth AI robotics future. With NovaArm™ and Kyro™ both advancing toward commercialization, we are excited to bring our AI robotics platform to market and set a new standard for warehouse and security automation in 2026.”

Full Year 2025 Business Highlights

• Completed Business Combination with AlphaVest Acquisition Corp and commenced trading on Nasdaq under ticker “AMCI” in December 2025
• Raised $8.0 million through concurrent PIPE financing to fund strategic growth initiatives, including robotics commercialization and international expansion
• Advanced NovaArm™, the Company’s warehouse logistics robot, toward commercial launch targeted for Q2 2026
• Showcased Kyro™ quadruped robotic platform at CES 2026 and Tokyo Security Show 2026
• Established AMCV Company Limited in Vietnam, a dedicated manufacturing subsidiary to support Kyro™ production scaling
• Announced strategic collaboration with HIVE Digital Technologies for GPU AI compute infrastructure to support Kyro™ development and deployment

Financial Highlights

• Total revenue of $6.0 million for fiscal year 2025
• Gross profit of $2.85 million; gross margin of approximately 48%
• Operating loss of $0.5 million for fiscal year 2025
• GAAP net loss of approximately $24.8 million, largely attributable to a one-time, non-cash change in fair value of PIPE warrant liabilities (see Non-GAAP reconciliation below)
• Adjusted net income of $0.7 million, excluding the non-cash warrant fair value adjustment
• Adjusted EBITDA of $0.8 million, excluding the non-cash warrant fair value adjustment
• Cash and cash equivalents of $7.0 million as of December 31, 2025
• Net stockholders’ equity improved from a deficit of approximately $2.3 million as of December 31, 2024 to positive equity of approximately $10.4 million as of December 31, 2025
• All PIPE warrants reclassified as permanent equity as of December 31, 2025; warrant fair value charge is fully resolved and will not recur

The GAAP net loss for fiscal 2025 was largely driven by a non-cash loss of $25.5 million from the change in fair value of the Company’s PIPE warrant liability, which was non-cash and non-operating in nature and recorded in accordance with ASC 815. As of December 31, 2025, all warrants have been reclassified as permanent equity and this charge is not expected to recur in future periods. Excluding this one-time item, the Company reported Adjusted Net Income of $0.7 million and Adjusted EBITDA of $0.8 million for the year ended December 31, 2025.

2026 Outlook

AMC Robotics enters 2026 with clear strategic priorities and two products advancing toward commercialization: NovaArm™ and Kyro™. With manufacturing infrastructure in place and GPU compute secured through its partnership with HIVE Digital, the Company believes it is well-positioned to execute on its AI robotics strategy.

About AMC Robotics Corporation

AMC Robotics (NASDAQ:AMCI) is an AI-driven robotics company focused on developing intelligent, scalable hardware and software solutions. The Company’s quadruped robotic platform, Kyro™, enables industries to automate inspection, security, and operational tasks through autonomous mobility and AI-powered perception.

For more information, please visit www.amcx.ai.

Investors and Media Contact

Craig Mychajluk
Managing Director – Investor Relations
Alliance Advisors IR
E: [email protected]

Non-GAAP Financial Measures

This press release includes Non-GAAP financial measures, including Adjusted Net Income and Adjusted EBITDA, which excludes the non-cash, non-recurring change in fair value of warrant liabilities. The Company believes these measures provide useful supplemental information to investors regarding underlying operating performance. Non-GAAP measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP, and may not be comparable to similarly titled measures reported by other companies.

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements that constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning the Company’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, and the effects of regulation. These forward-looking statements are based on the Company’s management’s current expectations, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions, and other important factors include, but are not limited to: (a) challenges in opening operations in new jurisdictions, including but not limited to compliance with local ordinances, obtaining any necessary permits and regulatory oversight; (b) the ability to recognize the anticipated benefits of the new operations; (c) the outcome of any legal proceedings that may be instituted against the Company; (d) the ability to continue to meet the applicable stock exchange listing standards; (e) the effect of the Company’s recently completed business combination with AlphaVest Acquisition Corp (“AlphaVest”) on the Company’s business relationships, performance, and business generally and the risk that such transaction further disrupts current plans and operations of the Company or its subsidiaries; (f) the ability to recognize the anticipated benefits of the transaction with AlphaVest, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (g) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations); (h) the possibility that AMC Robotics may be adversely affected by other economic, business, and/or competitive factors; (i) AMC Robotics’ estimates of expenses and profitability; and (j) other risks and uncertainties indicated under “Risk Factors” contained in AMC Robotics’ Annual Report on Form 10-K for the year ended December 31, 2025 and other documents filed or to be filed with the SEC by AMC Robotics. Copies are available on the SEC’s website, www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

The Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.

AMC ROBOTICS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
		Years ended
		December 31,
		2025				2024
REVENUES
Product revenue		$	2,346,474			$	7,439,899
Product revenue – related party			515,756				6,270
Revenue share – related party			3,118,617				2,754,788
Total Revenues			5,980,847				10,200,957
COST OF REVENUES
E-commerce platform expenses			(670,405	)			(2,039,708	)
Product cost – related party			(2,223,113	)			(6,002,463	)
Delivery and freight cost			(71,144	)			(176,451	)
Inventory impairment losses			(163,037	)			(1,326,355	)
Total Cost of Revenues			(3,127,699	)			(9,544,977	)
Gross Profit			2,853,148				655,980
OPERATING EXPENSES
General and administrative expenses			(2,687,250	)			(2,190,635	)
Reversal for credit losses – related party			–				1,262,146
Sales and marketing expenses			(612,992	)			(2,026,051	)
Research and development expenses			(58,072	)			(255,414	)
Total Operating Expenses			(3,358,314	)			(3,209,954	)
LOSS FROM OPERATIONS			(505,166	)			(2,553,974	)
OTHER INCOME (EXPENSES)
Other income – related party			1,217,586				1,779,528
Other income, net			39,675				31,577
Interest income			14,413				675
Loss on deconsolidation			(5,310	)			–
Loss from the change of the FV of Warrant Liability			(25,549,272	)			–
Interest expense – related party			–				(18,999	)
Interest expense			(24,616	)			(7,943	)
Total Other Income (loss), Net			(24,307,524	)			1,784,838
INCOME (LOSS) BEFORE INCOME TAX			(24,812,691	)			(769,136	)
Income tax expense			(4,651	)			(7,824	)
NET INCOME (LOSS)		$	(24,817,342	)		$	(776,960	)
Other comprehensive income			–				273
TOTAL COMPREHENSIVE INCOME (LOSS)		$	(24,817,342	)		$	(776,687	)
NET INCOME (LOSS) PER SHARE: BASIC		$	(1.36	)		$	(0.04	)
NET INCOME (LOSS) PER SHARE: DILUTED		$	(1.36	)		$	(0.04	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC			18,289,571				18,000,000
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED			18,289,571				18,000,000

AMC ROBOTICS CORPORATION CONSOLIDATED BALANCE SHEETS
		December 31,				December 31,
		2025				2024
ASSETS
Current assets
Cash and cash equivalents		$	7,004,601			$	358,887
Accounts receivable			427				54,302
Accounts receivable – related party			2,065,890				190,168
Inventories, net			1,069,465				3,555,876
Prepaid expenses			355,467				100,912
Other receivable			–				125,000
Other receivable – related party, net			475,909				1,959,842
Advance to suppliers			3,677				5,049
Advance to suppliers – related party			21,387
Prepayment – related party (current)			60,000				–
Deferred offering cost			–				233,339
Promissory note receivable			–				623,449
Note receivable – stockholder			–				15,862
Total current assets			11,056,823				7,222,686
Right-of-use asset			101,221				–
Other non-current assets			7,697				–
Prepayment – related party			6,845				126,965
TOTAL ASSETS		$	11,172,586			$	7,349,651
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICITS)
Current liabilities
Accounts payable – related party		$	–			$	8,543,243
Accrued and other liabilities			592,822				219,815
Tax payable			6,627				6,673
Other payable – related party			–				6,269
Short term bank loan			–				821,982
Lease liability – current			57,349				–
Warranty liabilities – current portion			30,023				69,010
Total current liabilities			686,821				9,666,992
Lease liability – noncurrent			52,753				–
Warranty liabilities – noncurrent			6,810				14,274
TOTAL LIABILITIES			746,384				9,681,266
Stockholders’ equity (deficits)
Common stock, $0.0001 par value, 100,000,000 shares authorized, 22,595,363 and 18,000,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024			2,260				1,800
Additional paid-in capital			37,653,029				142,899
Retained earnings (Accumulated deficits)			(27,229,088	)			(2,470,588	)
Accumulated other comprehensive loss			–				(5,726	)
Total stockholders’ equity (deficits)			10,426,202				(2,331,615	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICITS)		$	11,172,586			$	7,349,651

AMC ROBOTICS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS
		Years ended
		December 31,
		2025				2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$	(24,817,342	)		$	(776,960	)
Adjustments to reconcile net income (loss) to net cash provided by/(used in) operating activities:
(Reversal) for credit losses – related party			–				(1,262,146	)
Loss from the change of the FV of Warrant Liability-			25,549,272				–
Provision (reversal) for warranty			(45,993	)			40,724
Inventory impairment losses			163,037				1,326,355
Non-cash lease expenses			78,154				–
Changes in operating assets and liabilities:
Accounts receivable			53,875				39,774
Accounts receivable – related party			(1,875,722	)			247,029
Inventories, net			2,323,374				176,547
Prepaid expenses			(254,555	)			(17,341	)
Other receivable			–				(125,000	)
Other receivable – related party, net			1,483,933				651,435
Advance to suppliers			(3,677	)			–
Advance to suppliers – related party			(16,338	)			37
Other non-current assets			(7,697	)			–
Due from stockholder			–				548,759
Prepayment – related party			60,120				1,244
Accounts payable			–				(479	)
Accounts payable – related party			(8,543,243	)			(255,579	)
Accrued and other liabilities			373,007				23,996
Tax payable			(46	)			(12,082	)
Other payable – related party			(6,269	)			1,935
Warranty liabilities – current portion			7,006				(32,060	)
Warranty liabilities – noncurrent			(7,464	)			(7,733	)
Lease liability			(69,272	)			–
Net cash provided by / (used in) operating activities		$	(5,555,840	)		$	568,455
CASH FLOWS FROM INVESTING ACTIVITIES
Issuance of note receivable – stockholder			–				(552,217	)
Repayment of note receivable – stockholder			15,862				986,844
Repayment of promissory note			–				(623,449	)
Net cash provided by (used in) investing activities		$	15,862			$	(188,822	)
CASH FLOWS FROM FINANCING ACTIVITIES
Deferred offering cost			(593,140	)			(233,339	)
Capital contribution			5,000,000				80,000
Capital contribution from SPAC			2,971,033				–
Payments related to FPA arrangement			(6,681,818	)			–
Proceeds from FPA settlement			4,305,872				–
Proceeds from PIPE shares issued			8,000,000				–
Proceeds from short term loan			–				821,982
Proceeds from note payable – related party			–				1,353,700
Repayment of note payable – related party			(821,982	)			(2,171,162	)
Net cash provided by (used in) financing activities		$	12,179,965			$	(148,819	)
Effect of changes of foreign exchange rate on cash and cash equivalent			5,726				273
Net increase in cash and cash equivalents			6,645,714				231,087
Cash and cash equivalents – beginning of the period			358,887				127,800
Cash and cash equivalents – end of the period		$	7,004,601			$	358,887
Supplemental Cash Flow Disclosures
Cash paid for interest expenses		$	17,605			$	24,453
Cash paid for income taxes		$	–			$	42,768
NON-CASH INVESTING AND FINANCING ACTIVITIES
Non-cash activity from deconsolidation of VIEs		$	58,843				–
Non-cash reclassification of SPAC accumulated deficit to APIC		$	6,886,461				–
Right-of-use asset obtained in exchange for lease obligation		$	168,418			$	–
Unpaid deferred offering cost		$	225,000

AMC ROBOTICS CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
		For the years ended December 31
		2025			2024
Net income (loss)		(24,817,342	)		(776,960	)
Add: Interest expense		24,616			7,943
Add: Income tax expense		4,651			7,824
EBITDA		(24,788,075	)		(761,193	)
Add: Loss from change in fair value of PIPE warrant liability		25,549,272			–
Add: Loss on deconsolidation		5,310			–
Adjusted EBITDA		766,507			(761,193	)

HONG KONG, April 20, 2026 (GLOBE NEWSWIRE) — Raytech Holding Limited (NASDAQ: RAY) (“RAY” or the “Company”) today announced a strategic expansion of its business focus toward providing services in relation to personal health care electronics, including product design, development, and consultations, a business development path that has been actively planned and implemented since the third quarter of its financial year ended March 31, 2026 (“FYE2026”).

To lead this strategic growth, the Company also announced the appointment of Mr. Haoyuan Liu as its new Chairman of the Board of Director and Executive Director, strengthening its leadership team, effective as of April 15, 2026. As disclosed in the Company’s interim report on Form 6-K, the Company maintained cash and cash equivalents of HK$121.5 million (US$15.6 million) as of September 30, 2025, providing financial capacity to execute this strategic direction.

Strategic Expansion into Personal Health Care Electronics Services

The Company is executing a deliberate strategic expansion into a services-oriented business line in personal health care electronics. This growth plan is being led by Raytech Innovation Limited, a wholly-owned subsidiary of the Company, which will focus on product design, development, and consultations in relation to personal health care electronics, leveraging the Company and its subsidiaries’ (the “Group”) established expertise in personal care electrical appliances, leveraging the Group’s established expertise in personal care electrical appliances built through its legacy trading arm. That is, Pure Beauty Manufacturing Company Limited, which will continue to operate in an ordinary-course capacity.

Worry Free Group (Hong Kong) Limited, a marketing solutions company that was 100% acquired by Raytech Innovation Limited on December 29, 2025 (as previously disclosed), will continue to operate independently as the Group’s marketing solutions subsidiary, sharing relevant experience and best practices to support the growth of Raytech Innovation Limited.

Market Opportunity

The Company believes the personal health care electronics market presents a compelling long-term growth opportunity driven by rising consumer demand for wellness technology. According to Mordor Intelligence, the Asia Pacific wearable medical devices market, a core segment of personal health care electronics, reached approximately US$12.55 billion in 2025 and is projected to grow to US$26.83 billion by 2030, representing a compound annual growth rate (CAGR) of 16.42%¹. RAY is positioning itself to capture a meaningful share of this high-growth market by providing design, development, and consultation services to this sector through Raytech Innovation Limited.

Strengthening the Board and Leadership Team

Mr. Liu most recently served as Chief Operating Officer of GoFintech Innovation Limited (HKEX: 0290.HK), a financial technology investment platform, and brings extensive experience in fintech operations, capital markets, and regulatory compliance across Hong Kong, Singapore, and the United States — a multidisciplinary background highly suited to guiding the Company through its next phase of growth. Full biographical details will be set out in a separate announcement to be issued today.

Mr. Ching Tim Hoi continues in his key role as Executive Director. The Board is confident that the combined expertise of Mr. Liu and Mr. Ching creates a powerful leadership dynamic. Mr. Ching’s deep institutional knowledge and operational leadership remain central to the Company’s strategy, ensuring a seamless and effective execution of our growth plans.

Management Commentary

Mr. Haoyuan Liu, Chairman and Executive Director of the Company, commented, “It is a great honour to join Raytech Holding Limited as Chairman and Executive Director at such an exciting inflection point for the Company. My vision is to build Raytech Innovation Limited into a recognised provider of design, development, and consultation services for personal health care electronics — a sector where I believe Asia Pacific will lead global growth over the next decade. Raytech Innovation Limited will be the engine of this master plan, and I am committed to ensuring our services create genuine, differentiated value for our clients and partners in this high-growth segment. I am equally committed to nurturing the complementary strengths of Worry Free Group and the established foundation of Pure Beauty, so that together we build a more resilient, more focused, and more valuable Group for our shareholders.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including but not limited to risks related to the execution of the Company’s business strategy, market acceptance of new product/services offerings, the ability to attract and retain key personnel, regulatory developments in Hong Kong and other relevant jurisdictions, and general market and economic conditions. The Company undertakes no obligation to update or revise these forward-looking statements, except as required by applicable law. For a full discussion of risk factors, please refer to the Company’s filings with the U.S. Securities and Exchange Commission (SEC).

¹
Source: Mordor Intelligence. Market data is based on third-party research and is included for illustrative purposes only. There can be no assurance that the market will grow as projected or that the Company will achieve any particular share of this market.

About Raytech Holding Limited

Raytech Holding Limited (NASDAQ: RAY) is a Hong Kong-based holding company with over 10 years of industry experience. The Group operates its established personal care electrical appliances trading business through its subsidiary, Pure Beauty Manufacturing Company Limited. Leveraging its industry expertise, the Company is expanding its focus to include design, development, and consultation services for the personal health care electronics sector, led by its subsidiary Raytech Innovation Limited. Marketing solutions are provided independently by its subsidiary Worry Free Group (Hong Kong) Limited. A Form 6-K in connection with this announcement has been or will be furnished to the SEC.

Investor Relations Contact:

International Elite Capital
Annabelle Zhang
Tel: +1 (646) 866-7928
Email: [email protected]

GUADALAJARA, Mexico, April 20, 2026 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports its consolidated results for the first quarter ended March 31, 2026 (1Q26). Figures are unaudited and prepared following International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The results reported herein do not reflect the pending business combination approved at the Extraordinary General Shareholders’ Meeting held on December 11, 2025, which contemplates the integration of the Cross Border Xpress (“CBX”) and the internalization of the technical assistance services provided by AMP. Definitive transaction agreements have not yet been executed, and consummation remains subject to customary closing conditions.

Summary of Results 1Q26 vs. 1Q25

• The sum of aeronautical and non-aeronautical services revenuesincreased by Ps. 380.9 million, or 4.5%. Total revenues increased by Ps. 314.4 million, or 2.8%.
• Cost of services increased by Ps. 94.5 million, or 6.5%.
  
• Income from operations increased by Ps. 359.7 million, or 7.7%.
  
• EBITDA increased by Ps. 360.0 million, or 6.4%, an increase from Ps. 5,628.8 million in 1Q25 to Ps. 5,988.8 million in 1Q26. EBITDA margin (excluding the effects of IFRIC-12) went from 67.1% in 1Q25 to 68.3% in 1Q26.
• Comprehensive income increased by Ps. 551.4 million, or 19.6%, from an income of Ps. 2,814.4 million in 1Q25 to an income of Ps. 3,365.8 million in 1Q26.

Company’s Financial Position:

During 1Q26, total aeronautical revenues increased compared to 1Q25, primarily driven by the airports in Mexico. This growth was partially offset by lower passenger traffic in Jamaica, where the impact of Hurricane Melissa in 4Q25 continued to weigh on the recovery of hotel capacity along the tourist corridor between Negril and Ocho Ríos; as a result, passenger traffic has not yet fully recovered.

In Mexico, security-related events in the state of Jalisco during February 2026 led to temporary disruptions in mobility and affected travel demand to certain destinations. In this context, Guadalajara and Puerto Vallarta airports presented passenger traffic decreases in March 2026 compared to March 2025.

In 1Q26, GAP issued bond certificates for a total amount of Ps.10,718.0 million under the ticker symbols “GAP 26” and “GAP 26-2,” for Ps.2,767.0 million and Ps.7,951.0 million, respectively. Proceeds will be used to acquire a 25% stake in CBX, as well as to finance capital expenditures in line with the 2025–2029 Master Development Program.

Additionally, the Company refinanced its existing loans with Scotiabank and BBVA for USD$95.5 million each through new financing with The Bank of Nova Scotia and BBVA, respectively. The Company also repaid bond certificates for a total amount of Ps.1,120.0 million (ticker symbol “GAP 23L”) using proceeds from a new bank loan with Scotiabank for the same amount.

As of March 31, 2026, the Company reported a cash and cash equivalents position of Ps.23,185.1 million.

Passenger Traffic

During 1Q26, the 14 airports operated by GAP recorded a decrease of 902.1 thousand total passengers, representing a 5.5% decrease compared to 1Q25.

During this period, the following new routes were inaugurated:

Domestic

	Airline	Departure	Arrival	Opening date	Frequencies
	Volaris	Guadalajara	Mazatlan	March 29, 2026	3 weekly
	Aerus	Morelia	Santa Lucia	March 30, 2026	5 weekly
	Aerus	Morelia	Uruapan	March 30, 2026	5 weekly
	Note: Frequencies can vary without prior notice.
	International
	Airline	Departure	Arrival	Opening date	Frequencies
	Southwest	Puerto Vallarta	San Diego	March 5, 2026	1 daily
	Southwest	Los Cabos	Indianapolis	March 7, 2026	1 weekly
	Southwest	Montego Bay	Nashville	March 7, 2026	1 weekly
	Southwest	Puerto Vallarta	St. Louis	March 21, 2026	1 weekly
	Note: Frequencies can vary without prior notice.

Domestic Terminal Passengers – 14 airports (in thousands):

Airport	1Q25	1Q26	Change
Guadalajara	3,021.1	3,035.6	0.5	%
Tijuana*	2,057.5	1,968.5	(4.3	%)
Los Cabos	668.9	628.3	(6.1	%)
Puerto Vallarta	653.6	644.8	(1.4	%)
Montego Bay	0.0	0.0	N/A
Guanajuato	515.5	510.8	(0.9	%)
Hermosillo	508.7	480.6	(5.5	%)
Kingston	0.1	0.7	821.1	%
Morelia	186.1	192.8	3.6	%
La Paz	280.6	313.8	11.8	%
Mexicali	293.1	257.7	(12.1	%)
Aguascalientes	151.8	138.9	(8.5	%)
Los Mochis	165.0	163.3	(1.1	%)
Manzanillo	34.8	32.7	(5.9	%)
Total	8,536.9	8,368.5	(2.0	%)
International Terminal Passengers – 14 airports (in thousands):
Airport	1Q25	1Q26	Change
Guadalajara	1,507.0	1,492.1	(1.0	%)
Tijuana*	1,014.9	897.6	(11.6	%)
Los Cabos	1,382.9	1,372.7	(0.7	%)
Puerto Vallarta	1,472.5	1,278.9	(13.1	%)
Montego Bay	1,338.9	917.4	(31.5	%)
Guanajuato	263.1	257.8	(2.0	%)
Hermosillo	20.9	22.0	4.9	%
Kingston	428.0	414.8	(3.1	%)
Morelia	174.2	215.6	23.7	%
La Paz	8.7	12.6	44.5	%
Mexicali	1.8	1.8	3.2	%
Aguascalientes	73.7	77.3	4.9	%
Los Mochis	1.9	1.8	(3.1	%)
Manzanillo	43.9	36.3	(17.4	%)
Total	7,732.5	6,998.7	(9.5	%)
*CBX users are classified as international passengers.
Total Terminal Passengers – 14 airports (in thousands):
Airport	1Q25	1Q26	Change
Guadalajara	4,528.2	4,527.8	(0.0	%)
Tijuana*	3,072.3	2,866.1	(6.7	%)
Los Cabos	2,051.8	2,001.0	(2.5	%)
Puerto Vallarta	2,126.1	1,923.7	(9.5	%)
Montego Bay	1,338.9	917.4	(31.5	%)
Guanajuato	778.6	768.7	(1.3	%)
Hermosillo	529.6	502.5	(5.1	%)
Kingston	428.1	415.5	(2.9	%)
Morelia	360.3	408.3	13.3	%
La Paz	289.3	326.4	12.8	%
Mexicali	294.9	259.6	(12.0	%)
Aguascalientes	225.5	216.2	(4.1	%)
Los Mochis	166.9	165.1	(1.1	%)
Manzanillo	78.7	69.0	(12.3	%)
Total	16,269.3	15,367.2	(5.5	%)
	1,767.0	1,332.9	-24.6	%
	14,502.3	14,034.3	-3.2	%
*CBX users are classified as international passengers.
CBX Users (in thousands):
Airport	1Q25	1Q26	Change
Tijuana	998.2	886.3	(11.2	%)

Consolidated Results for the First Quarter of 2026 (in thousands of pesos): 

		1Q25		1Q26		Change
	Revenues
	Aeronautical services	5,999,133		6,234,471		3.9	%
	Non-aeronautical services	2,393,875		2,539,478		6.1	%
	Improvements to concession assets (IFRIC-12)	2,662,175		2,595,679		(2.5	%)
	Total revenues	11,055,183		11,369,627		2.8	%
		8,393,008		8,773,948		4.5	%
	Operating costs
	Costs of services:	1,457,089		1,551,571		6.5	%
	Employee costs	613,362		684,224		11.6	%
	Maintenance	256,903		260,763		1.5	%
	Safety, security & insurance	215,207		233,405		8.5	%
	Utilities	125,231		125,013		(0.2	%)
	Business operated directly by us	87,336		89,528		2.5	%
	Other operating expenses	159,050		158,638		(0.3	%)
	Technical assistance fees	283,900		299,542		5.5	%
	Concession taxes	1,048,916		947,078		(9.7	%)
	Depreciation and amortization	932,575		932,957		0.0	%
	Cost of improvements to concession assets (IFRIC-12)	2,662,175		2,595,679		(2.5	%)
	Other (income)	(25,683	)	(13,071	)	(49.1	%)
	Total operating costs	6,358,972		6,313,756		(0.7	%)
	Income from operations	4,696,211		5,055,871		7.7	%
	Financial Result	(929,490	)	(723,258	)	(22.2	%)
	Income before income taxes	3,766,721		4,332,613		15.0	%
	Income taxes	(908,605	)	(1,020,605	)	12.3	%
	Net income	2,858,115		3,312,008		15.9	%
	Currency translation effect	(75,058	)	35,121		(146.8	%)
	Cash flow hedges, net of income tax	(776	)	–		(100.0	%)
	Remeasurements of employee benefit – net income tax	32,099		18,642		(41.9	%)
	Comprehensive income	2,814,380		3,365,771		19.6	%
	Non-controlling interest	(114,926	)	(138,515	)	20.5	%
	Comprehensive income attributable to controlling interest	2,699,454		3,227,255		19.6	%
		1Q25		1Q26		Change
	EBITDA	5,628,786		5,988,828		6.4	%
	Comprehensive income	2,814,380		3,365,771		19.6	%
	Comprehensive income per share (pesos)	5.5700		6.6612		19.6	%
	Comprehensive income per ADS (US dollars)	3.0888		3.6940		19.6	%
	Operating income margin	42.5	%	44.5	%	4.7	%
	Operating income margin (excluding IFRIC-12)	56.0	%	57.6	%	3.0	%
	EBITDA margin	50.9	%	52.7	%	3.5	%
	EBITDA margin (excluding IFRIC-12)	67.1	%	68.3	%	1.8	%
	Costs of services and improvements / total revenues	37.5	%	36.5	%	(2.8	%)
	Cost of services / total revenues (excluding IFRIC-12)	17.7	%	17.7	%	(0.0	%)

– Net income and comprehensive income per share for 1Q26 and 1Q25 were calculated based on 505,277,464 shares outstanding as of March 31, 2026, and March 31, 2025, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.0327 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on March 31, 2026.

– For consolidating the Jamaican airports, an average exchange rate of Ps. 17.5578 per U.S. dollar was used, corresponding to the three-month period ended March 31, 2026.

Revenues (1Q26 vs. 1Q25)

•   Aeronautical services revenues increased by Ps. 235.3 million, or 3.9%.
•   Non-aeronautical services revenues increased by Ps. 145.6 million, or 6.1%.
•   Revenues from improvements to concession assets decreased by Ps. 66.5 million, or 2.5%.
•   Total revenues increased by Ps. 314.4 million, or 2.8%.

The change in aeronautical services revenues was primarily due to the following factors:

1. Revenues at the Mexican airports increased by Ps. 472.9 million, or 9.3%, compared to 1Q25. This increase was mainly driven the phased implementation in 2025 of the new airport maximum tariffs approved for the 2025–2029 regulatory period.
2. Revenues at the Jamaican airports decreased by Ps. 237.6 million, or 26.2%, compared to 1Q25, mainly due to a 24.6% decrease in passenger traffic during the quarter, resulting from the impact of the Hurricane Melissa, as previously described. Additionally, the 14.0% appreciation of the Mexican peso against the U.S. dollar negatively affected revenue translation. In U.S. dollar terms, revenues decreased by US$6.3 million, or 16.4%.

The change in non-aeronautical services revenues was primarily driven by the following factors:

1. Revenues at Mexican airports increased by Ps. 222.6 million, or 10.7%, compared to 1Q25. Revenues from businesses operated directly by us increased by Ps. 199.8 million, or 19.9%. Revenues from businesses operated by third parties increased Ps. 22.2 million, or 2.2%. The fastest-growing business lines were food and beverage and car rental, which together increased by Ps. 33.9 million, or 7.0%. This increase was partially offset by a decrease in duty-free revenues, which declined Ps. 10.5 million, or 8.7%, due to the 14.0% appreciation of the Mexican peso.
2. Revenues at the Jamaican airports decreased by Ps. 76.9 million, or 24.7%, compared to 1Q25, primarily due to the decline in passenger traffic and the peso appreciation in the 1Q26. In U.S. dollar terms, revenues decreased by US$1.8 million, or 14.2%.

		1Q25	1Q26	Change
	Businesses operated by third parties:
	Food and beverage	342,580	351,294	2.5	%
	Car rental	205,297	212,573	3.5	%
	Duty-free	216,685	182,533	(15.8	%)
	Retail	191,173	183,349	(4.1	%)
	Leasing of space	116,904	104,286	(10.8	%)
	Timeshares	70,905	62,607	(11.7	%)
	Ground transportation	56,573	53,188	(6.0	%)
	Other commercial revenues	72,025	74,678	3.7	%
	Communications and financial services	31,390	30,083	(4.2	%)
	Total	1,303,532	1,254,591	(3.8	%)
	Businesses operated directly by us:
	Cargo operation and bonded warehouse	434,269	547,551	26.1	%
	Car parking	178,470	191,904	7.5	%
	Convenience stores	169,500	190,661	12.5	%
	VIP Lounges	168,016	162,301	(3.4	%)
	Advertising	34,840	39,695	13.9	%
	Hotel operation	37,441	47,319	26.4	%
	Access control services	–	39,332	100.0	%
	Total	1,022,536	1,218,763	19.2	%
	Recovery of costs	67,808	66,125	(2.5	%)
	Total Non-aeronautical Revenues	2,393,875	2,539,479	6.1	%

Figures expressed in thousands of Mexican pesos.

‐        Revenues from improvements to concession assets¹

Revenues from improvements to concession assets (IFRIC-12) decreased by Ps. 66.5 million, or 2.5%, compared to 1Q25. The change was composed of:

1. Improvements to concession assets at the Company’s Mexican airports, decreased by Ps. 171.8 million, or 6.6%, in line with the investments committed under the Master Development Program for the 2025–2029 period.
2. Improvements to concession assets at the Company’s Jamaican airports, which increased by Ps. 105.3 million, or 154.9%.

¹ Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Total operating costs decreased by Ps. 45.2 million, or 0.7%, compared to 1Q25, mainly due to a decrease of Ps. 101.8 million, or 9.7%, in concession fees, and the cost of improvements to concession assets (IFRIC-12) of Ps. 66.5 million, or 2.5%. This effect was partially offset by an increase in the cost of services of Ps. 94.5 million, or 6.5%, and higher technical assistance fees of Ps. 15.6 million, or 5.5%. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 21.3 million, or 0.6%, compared to 1Q25.

This increase in total operating costs was primarily due to the following factors:

   Mexican airports:

• Operating costs increased by Ps. 50.3 million, or 0.9%, compared to 1Q25, mainly due to higher technical assistance and concession fees, which together increased by Ps. 96.5 million, or 11.4%; a Ps. 116.8 million, or 9.6%, increase in the cost of services; a Ps. 14.1 million, or 1.8%, increase in depreciation and amortization. This effect was partially offset by a Ps. 171.8 million, or 6.6%, decrease in the cost of improvements to the concession assets (IFRIC-12). Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 240.1 million, or 8.5%.

The change in the cost of services at our Mexican airports during 1Q26 was mainly due to:

• Employee costs increased by Ps. 74.6 million, or 13.6%, mainly due to an increase in personnel, salary adjustments, and amendments to the Federal Labor Law.
• Safety, security, and insurance increased by Ps. 28.8 million, or 19.3%, mainly due to an increase in security personnel headcount and significant increases in the minimum wage.
• Maintenance increased by Ps. 17.6 million, or 8.7%, compared to 1Q25, mainly due to the opening of new operational areas, and airfield maintenance.

Jamaican Airports:

• Operating expenses decreased by Ps. 95.5 million, or 10.2%, compared to 1Q25, mainly due to a reduction in concession fees of Ps. 155.0 million, or 33.7%; cost of services of Ps. 32.0 million, or 12.7%; and depreciation and amortization of Ps. 13.7 million, or 8.9%, driven by the decline in passenger traffic and the 14.0% appreciation of the Mexican peso against the U.S. dollar. This effect was partially offset by an increase in the cost of improvements to concession assets (IFRIC-12) of Ps. 105.3 million, or 154.9%.

Operating income margin increased from 42.5% in 1Q25 to 44.5% in 1Q26. Excluding the effects of IFRIC-12, the operating income margin increased from 56.0% in 1Q25 to 57.6% in 1Q26. Income from operations increased by Ps. 359.7 million, or 7.7%, compared to 1Q25.

EBITDA margin went from 50.9% in 1Q25 to 52.7% in 1Q26. Excluding the effects of IFRIC-12, EBITDA margin went from 67.1% in 1Q25 to 68.3% in 1Q26. The nominal value of EBITDA increased by Ps. 360.0 million, or 6.4%, compared to 1Q25.

Financial results decreased expenses by Ps. 206.2 million, or 22.2%, going from a net expense of Ps. 929.5 million in 1Q25 to a net expense of Ps. 723.3 million in 1Q26. This change was mainly the result of:

• Foreign exchange rate fluctuations, which changed from a loss of Ps. 123.9 million in 1Q25 to a gain of Ps. 173.4 million in 1Q26, resulting in a foreign exchange gain of Ps. 297.3 million due to the appreciation of the Mexican peso. Additionally, the foreign currency translation effect recorded a gain compared to the foreign exchange loss in 1Q25, resulting in a net gain of Ps. 110.2 million.
• Interest expense decreased by Ps. 66.0 million, or 5.7%, compared to 1Q25, mainly due to a decrease in reference rates.
• Interest income decreased by Ps. 157.1 million, or 47.2%, compared to 1Q25, mainly due to a decrease in the cash and cash equivalents average balance and decrease in the reference rates.

In 1Q26, net and comprehensive income increased by Ps. 551.4 million, or 19.6%, compared to 1Q25, mainly driven by income before taxes, which increased by Ps. 565.9 million or 15.0%.

Net income increased by Ps. 453.9 million, or 15.9%, compared to 1Q25. Income tax for the period increased by Ps. 112.0 million, or 12.3%, comprised of an increase in current income tax of Ps. 95.2 million and a decrease in the deferred tax benefit of Ps. 16.8 million.

Statement of Financial Position

As of March 31, 2026, total assets increased by Ps. 16,288.8 million compared to the same period in 2025, mainly due to: (i) an increase in cash and cash equivalents of Ps. 6,957.0 million, (ii) an increase in improvements to concession assets of Ps. 4,962.1 million; (iii) an increase in construction in progress of Ps. 2,723.9 million; (iv) an increase in advanced payments to suppliers of Ps. 2,167.8 million; and (v) an increase in deferred income taxes of Ps. 649.9 million. This effect was partially offset by a decrease in (i) airport concessions of Ps. 873.4 million and (ii) other acquired rights of Ps. 275.3 million, among others.

As of March 31, 2026, total liabilities increased by Ps. 15,523.2 million compared to the same period in 2025. This increase was mainly attributable to: (i) an increase in bond certificates of Ps. 15,598.0 million; (ii) security deposits received of Ps. 135.4 million. This effect was partially offset by decreases in (i) deferred income taxes of Ps. 523.3 million and (ii) rights over concession assets of Ps. 272.2 million, among others.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Exhibit A: Operating results by airport (in thousands of pesos):

Airport	1Q25	1Q26	Change
Guadalajara
Aeronautical services	1,589,087	1,771,988	11.5	%
Non-aeronautical services	360,536	388,724	7.8	%
Improvements to concession assets (IFRIC 12)	1,174,426	1,118,313	(4.8	%)
Total Revenues	3,124,049	3,279,025	5.0	%
Operating income	1,182,231	1,367,589	15.7	%
EBITDA	1,394,102	1,580,739	13.4	%
Tijuana
Aeronautical services	732,814	824,931	12.6	%
Non-aeronautical services	124,721	133,693	7.2	%
Improvements to concession assets (IFRIC 12)	386,094	453,866	17.6	%
Total Revenues	1,243,629	1,412,489	13.6	%
Operating income	406,403	485,379	19.4	%
EBITDA	532,938	613,262	15.1	%
Los Cabos
Aeronautical services	946,632	1,036,592	9.5	%
Non-aeronautical services	362,666	345,845	(4.6	%)
Improvements to concession assets (IFRIC 12)	205,863	212,863	3.4	%
Total Revenues	1,515,161	1,595,299	5.3	%
Operating income	838,814	884,871	5.5	%
EBITDA	935,852	990,037	5.8	%
Puerto Vallarta
Aeronautical services	988,172	997,927	1.0	%
Non-aeronautical services	187,583	189,339	0.9	%
Improvements to concession assets (IFRIC 12)	503,536	410,908	(18.4	%)
Total Revenues	1,679,291	1,598,175	(4.8	%)
Operating income	781,159	794,840	1.8	%
EBITDA	846,378	857,034	1.3	%
Montego Bay
Aeronautical services	585,365	347,867	(40.6	%)
Non-aeronautical services	244,588	178,341	(27.1	%)
Improvements to concession assets (IFRIC 12)	48,986	48,363	(1.3	%)
Total Revenues	878,940	574,571	(34.6	%)
Operating income	342,516	212,907	(37.8	%)
EBITDA	432,334	295,583	(31.6	%)

Exhibit A: Operating results by airport (in thousands of pesos):

Airport	1Q25	1Q26	Change
Guanajuato
Aeronautical services	268,399	294,232	9.6	%
Non-aeronautical services	50,637	45,809	(9.5	%)
Improvements to concession assets (IFRIC 12)	130,222	73,383	(43.6	%)
Total Revenues	449,258	413,424	(8.0	%)
Operating income	199,152	210,205	5.6	%
EBITDA	225,070	241,286	7.2	%
Hermosillo
Aeronautical services	143,349	153,152	6.8	%
Non-aeronautical services	26,571	26,981	1.5	%
Improvements to concession assets (IFRIC 12)	17,224	5,657	(67.2	%)
Total Revenues	187,144	185,790	(0.7	%)
Operating income	78,353	84,981	8.5	%
EBITDA	104,683	110,580	5.6	%
Others (1)
Aeronautical services	745,314	807,780	8.4	%
Non-aeronautical services	118,544	111,955	(5.6	%)
Improvements to concession assets (IFRIC 12)	195,823	272,325	39.1	%
Total Revenues	1,059,681	1,192,060	12.5	%
Operating income	232,157	283,669	22.2	%
EBITDA	337,204	384,906	14.1	%
Total
Aeronautical services	5,999,132	6,234,470	3.9	%
Non-aeronautical services	1,475,845	1,420,686	(3.7	%)
Improvements to concession assets (IFRIC 12)	2,662,175	2,595,679	(2.5	%)
Total Revenues	10,137,151	10,250,835	1.1	%
Operating income	4,060,782	4,324,441	6.5	%
EBITDA	4,808,562	5,073,426	5.5	%

^{(1)    Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, and Kingston airports.}

Exhibit B: Consolidated statement of financial position as of March 31 (in thousands of pesos): 

		2025		2026		Change		%
	Assets
	Current assets
	Cash and cash equivalents	16,227,819		23,185,136		6,957,317		42.9	%
	Trade accounts receivable – Net	3,328,186		3,410,039		81,853		2.5	%
	Other current assets	1,196,602		1,227,344		30,742		2.6	%
	Total current assets	20,752,607		27,822,519		7,069,912		34.1	%
	Advanced payments to suppliers	926,353		3,094,180		2,167,827		234.0	%
	Machinery, equipment and improvements to leased buildings – Net	4,657,478		4,442,717		(214,761	)	(4.6	%)
	Improvements to concession assets – Net	25,186,205		30,148,259		4,962,054		19.7	%
	Construction in-progress	11,760,860		14,484,845		2,723,985		23.2	%
	Airport concessions – Net	9,515,482		8,642,096		(873,386	)	(9.2	%)
	Rights to use airport facilities – Net	979,700		929,550		(50,150	)	(5.1	%)
	Other acquired rights	2,005,950		1,730,620		(275,330	)	(13.7	%)
	Deferred income taxes – Net	8,361,180		9,011,049		649,869		7.8	%
	Other non-current assets	86,633		215,438		128,805		148.7	%
	Total assets	84,232,447		100,521,273		16,288,826		19.3	%
	Liabilities
	Current liabilities	12,333,203		18,607,185		6,273,982		50.9	%
	Long-term liabilities	44,463,118		53,712,376		9,249,258		20.8	%
	Total liabilities	56,796,322		72,319,562		15,523,240		27.3	%
	Stockholders’ Equity
	Common stock	1,194,390		1,194,390		–		0.0	%
	Legal reserve	920,187		238,878		(681,309	)	(74.0	%)
	Retained earnings	19,705,850		21,873,663		2,167,813		11.0	%
	Reserve for share repurchase	2,500,000		2,500,000		–		0.0	%
	Foreign currency translation reserve	689,812		(145,739	)	(835,551	)	(121.1	%)
	Remeasurements of employee benefit – Net	40,382		36,524		(3,858	)	(9.6	%)
	Cash flow hedges- Net	(5,361	)	–		5,361		(100.0	%)
	Total controlling interest	25,045,260		25,697,716		652,456		2.6	%
	Non-controlling interest	2,390,866		2,503,995		113,129		4.7	%
	Total stockholder’s equity	27,436,126		28,201,711		765,585		2.8	%
	Total liabilities and stockholders’ equity	84,232,447		100,521,273		16,288,826		19.3	%

The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”), as well as the 48.5% held by the shareholders of GWTC.

Exhibit C: Consolidated statement of cash flows (in thousands of pesos):

		1Q25		1Q26		Change
	Cash flows from operating activities:
	Consolidated net income	2,858,116		3,312,008		15.9	%
	Postemployment benefit costs	14,161		20,508		44.8	%
	Allowance expected credit loss	25,392		21,402		(15.7	%)
	Depreciation and amortization	932,575		932,957		0.0	%
	Loss (gain) on sale of machinery, equipment and improvements to leased assets	1,989		(1,669	)	(183.9	%)
	Interest expense	1,247,253		1,020,739		(18.2	%)
	Provisions	(30,688	)	34,307		(211.8	%)
	Income tax expense	908,605		1,020,605		12.3	%
	Unrealized exchange loss	110,879		(122,546	)	(210.5	%)
		6,068,282		6,238,311		2.8	%
	Changes in working capital:
	(Increase) decrease in
	Trade accounts receivable	(656,044	)	69,230		(110.6	%)
	Recoverable tax on assets and other assets	81,639		63,015		(22.8	%)
	Increase (decrease)
	Concession taxes payable	33,274		224,240		573.9	%
	Accounts payable	71,452		2,110,894		2854.3	%
	Cash generated by operating activities	5,598,603		8,705,690		55.5	%
	Income taxes paid	(1,122,042	)	(1,133,849	)	1.1	%
	Net cash flows provided by operating activities	4,476,561		7,571,841		69.1	%
	Cash flows from investing activities:
	Machinery, equipment and improvements to concession assets	(1,706,642	)	(1,757,612	)	3.0	%
	Cash flows from sales of machinery and equipment	118		1,559		1221.2	%
	Other investment activities	13,822		(113,150	)	(918.6	%)
	Net cash used by investment activities	(1,692,702	)	(1,869,203	)	10.4	%
	Bond certificates issued	6,000,000		10,718,000		78.6	%
	Bond certificates paid	(4,500,000	)	(1,120,000	)	(75.1	%)
	Bank loans paid	–		(4,498,971	)	100.0	%
	Bank loans	–		3,378,971		100.0	%
	Interest paid on bank loans	(1,365,386	)	(1,361,703	)	(0.3	%)
	Interest paid on lease	(690	)	(2,778	)	302.6	%
	Payments of obligations for leasing	(16,332	)	(10,557	)	(35.4	%)
	Net cash flows used in financing activities	117,592		7,102,962		5940.3	%
	Effects of exchange rate changes on cash held	(139,660	)	(73,662	)	(47.3	%)
	Net increase (decrease) in cash and cash equivalents	2,761,791		12,731,938		361.0	%
	Cash and cash equivalents at beginning of the period	13,466,026		10,453,198		(22.4	%)
	Cash and cash equivalents at the end of the period	16,227,819		23,185,136		42.9	%

Exhibit D: Consolidated statements of profit or loss and other comprehensive income (in thousands of pesos):

	Consolidated Results for the First Quarter of 2025 (thousands)
		1Q25		1Q26		Change
	Revenues
	Aeronautical services	5,999,133		6,234,471		3.9	%
	Non-aeronautical services	2,393,875		2,539,478		6.1	%
	Improvements to concession assets (IFRIC-12)	2,662,175		2,595,679		(2.5	%)
	Total revenues	11,055,183		11,369,627		2.8	%
	Operating costs
	Costs of services:	1,457,089		1,551,571		6.5	%
	Employee costs	613,362		684,224		11.6	%
	Maintenance	256,903		260,763		1.5	%
	Safety, security & insurance	215,207		233,405		8.5	%
	Utilities	125,231		125,013		(0.2	%)
	Business operated directly by us	87,336		89,528		2.5	%
	Other operating expenses	159,050		158,638		(0.3	%)
	Technical assistance fees	283,900		299,542		5.5	%
	Concession taxes	1,048,916		947,078		(9.7	%)
	Depreciation and amortization	932,575		932,957		0.0	%
	Cost of improvements to concession assets (IFRIC-12)	2,662,175		2,595,679		(2.5	%)
	Other (income)	(25,683	)	(13,071	)	(49.1	%)
	Total operating costs	6,358,972		6,313,756		(0.7	%)
	Income from operations	4,696,211		5,055,871		7.7	%
	Financial Result	(929,490	)	(723,258	)	(22.2	%)
	Income before income taxes	3,766,721		4,332,613		15.0	%
	Income taxes	(908,605	)	(1,020,605	)	12.3	%
	Net income	2,858,115		3,312,008		15.9	%
	Currency translation effect	(75,058	)	35,121		(146.8	%)
	Cash flow hedges, net of income tax	(776	)	–		(100.0	%)
	Remeasurements of employee benefit – net income tax	32,099		18,642		(41.9	%)
	Comprehensive income	2,814,380		3,365,771		19.6	%
	Non-controlling interest	(114,926	)	(138,515	)	20.5	%
	Comprehensive income attributable to controlling interest	2,699,454		3,227,255		19.6	%

The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”), as well as the 48.5% held by the shareholders of GWTC.

Exhibit E: Consolidated stockholders’ equity (in thousands of pesos): 

		Common Stock	Legal Reserve	Reserve for Share Repurchase	Retained Earnings	Other comprehensive income		Total controlling interest		Non-controlling interest	Total Stockholders’ Equity
	Balance as of January 1, 2025	1,194,390	920,187	2,500,000	16,957,723	773,499		22,345,799		2,275,940	24,621,739
	Comprehensive income:
	Net income	–	–	–	2,748,127	–		2,748,127		109,996	2,858,123
	Foreign currency translation reserve	–	–	–	–	(79,988	)	(79,988	)	4,930	(75,058	)
	Remeasurements of employee benefit – Net	–	–	–	–	32,099		32,099		–	32,099
	Reserve for cash flow hedges – Net of income tax	–	–	–	–	(776	)	(776	)	–	(776	)
	Balance as of March 31, 2025	1,194,390	920,187	2,500,000	19,705,850	724,834		25,045,258		2,390,866	27,436,125
	Balance as of January 1, 2026	1,194,390	238,878	2,500,000	18,695,331	(158,148	)	22,470,451		2,365,480	24,835,931
	Comprehensive income:
	Net income	–	–	–	3,178,332	–		3,178,332		133,685	3,312,017
	Foreign currency translation reserve	–	–	–	–	30,291		30,291		4,830	35,121
	Remeasurements of employee benefit – Net	–	–	–	–	18,642		18,642		–	18,642
	Balance as of March 31, 2026	1,194,390	238,878	2,500,000	21,873,663	(109,215	)	25,697,716		2,503,995	28,201,711

The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”), as well as the 48.5% held by the shareholders of GWTC.

Exhibit F: Other operating data: 

Other data (thousands)
	1Q25	1Q26	Change
Total passengers	16,269.6	15,367.2	(5.5	%)
Total cargo volume (in WLUs)	650.7	703.8	8.2	%
Total WLUs	16,920.2	16,071.0	(5.0	%)
Aeronautical & non aeronautical services per passenger (pesos)	515.9	571.0	10.7	%
Aeronautical services per WLU (pesos)	354.6	387.9	9.4	%
Non aeronautical services per passenger (pesos)	147.1	165.3	12.3	%
Cost of services per WLU (pesos)	87.8	96.5	10.0	%

WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).

Alejandra Soto Investor Relations and Social Responsibility Officer
[email protected]

Gisela Murillo, Investor Relations
[email protected]
+52 33 3880 1100 ext. 20294

NINGDE, China, April 20, 2026 (GLOBE NEWSWIRE) — Oriental Rise Holdings Limited (NASDAQ: ORIS) (“Oriental Rise” or the “Company”), an integrated tea supplier in mainland China, today announced that it received a staff determination letter (the “Determination Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 15, 2026, notifying the Company that Nasdaq has determined to delist the Company’s ordinary shares from The Nasdaq Capital Market.

According to the Determination Letter, Nasdaq determined that the closing bid price of the Company’s listed securities had been below $1.00 per share for the previous 30 consecutive business days and that the Company therefore no longer complies with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

Nasdaq further stated that, because the Company effected a 1-for-20 reverse stock split on December 30, 2025, the Company is not eligible for the 180-calendar day compliance period that would otherwise be available under Nasdaq Listing Rule 5810(c)(3)(A).

Nasdaq has advised the Company that, unless the Company requests a hearing before a Nasdaq Hearings Panel by April 22, 2026, trading in the Company’s ordinary shares will be suspended at the opening of business on April 24, 2026, and Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission to remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

The Company intends to timely request a hearing before the Nasdaq Hearings Panel. The hearing request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. The Company is currently evaluating its options and intends to present a plan to regain compliance with Nasdaq’s continued listing requirements.

There can be no assurance that the Hearings Panel will grant the Company’s request for continued listing or that the Company will be able to regain compliance with the applicable continued listing requirements.

About Oriental Rise Holdings Limited (NASDAQ: ORIS)

Oriental Rise Holdings Limited is an integrated supplier of tea products in mainland China. Its major tea products include primarily-processed tea consisting of white tea and black tea, as well as refined white tea and black tea. The Company’s business operations are vertically integrated, covering tea cultivation, processing of tea leaves, and the sale of tea products to tea business operators, such as wholesale distributors, and end-user retail customers in mainland China. The Company operates tea gardens located in Zherong County, Ningde City in Fujian Province of mainland China.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, without limitation, statements regarding the Company’s intent to request a hearing before the Nasdaq Hearings Panel, its plans to regain compliance with Nasdaq’s continued listing requirements, and the outcome of any hearing process. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Words such as “believes,” “expects,” “intends,” “plans,” “may,” “will,” and similar expressions are intended to identify forward-looking statements.

The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law. Investors are cautioned that actual results may differ materially from those described in the forward-looking statements.

For investor and media inquiries, please contact:

Oriental Rise Holdings Limited
Investor Relations Department
Email: [email protected]