Q2 2026 Axtel SAB de CV Earnings Call Transcript
Key Points
- Comparable EBITDA increased by 17% sequentially, indicating an improving trend.
- Enterprise segment showed a recovery with a 38% sequential increase in new recurring contracts.
- The Wholesale segment achieved an 18% sequential increase in revenues, supported by new high-capacity dark fiber contracts.
- Recurring revenues in the Government segment grew by 34%, offsetting declines in non-recurring contracts.
- Axtel's AI strategy, including partnerships and internal initiatives, is expected to enhance operational efficiency and customer experience.
- Second quarter revenues decreased by 3% year-over-year, primarily due to lower revenues in the Wholesale and Government segments.
- EBITDA for the quarter declined by 10% compared to the second quarter of 2025.
- Telecom revenues decreased by 1% year-over-year, mainly due to lower collaboration solutions revenue.
- Voice revenues declined by 12%, reflecting a shift from traditional voice services to digital communication solutions.
- Net debt increased, resulting in a net debt to comparable EBITDA ratio of 2.5 times compared to 2.3 times a year ago.
(Event Instructions) Good morning, and welcome to Axtel's second quarter 2026 earnings webcast. My name is Nancy Llovera, Axtel's Investor Relations and Corporate Finance Manager. And today, I am joined by Armando de la Pena, Chief Executive Officer; and Adrian de los Santos, Chief Financial Officer.
Financial information for both Axtel and Controladora Axtel, including the unaudited second quarter report is available on our corporate website. We will begin today's session with an overview of our business performance, followed by a Q&A session. For your convenience, this webcast is being recorded and will be available on our website.
Before we begin, please note that today's discussion may include forward-looking statements. These statements reflect management's current views and expectations and are subject to risks and uncertainties that could cause actual results to differ. Axtel assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future
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