Grupo TMM SAB — Cyborg Score 6/10

Solid
Maritime shipping and port operations

Strategic Profile

In 2025, Grupo TMM reported consolidated revenue of Ps 1,909.0 million, operating income of Ps 329.7 million, and net income of Ps 341.3 million, reflecting higher asset utilization and improved contract visibility. For 2026, the company plans to focus on optimizing strategic assets, maintaining financial discipline, and pursuing selective expansion into markets aligned with its operating capabilities.

Cyborg Score Rationale

Net income rose to Ps 341.3 million in 2025, with year-over-year improvement primarily driven by operating performance and favorable foreign exchange effects. The company demonstrates operational improvement but operates in a capital-intensive, cyclical industry with a reduced fleet, suggesting mixed growth prospects.

Top Insights

  • Business mix is evolving with warehousing services revenue declining and the storage business ceasing consolidation from October 2025, while maritime and maritime infrastructure segments produced most positive results
  • As of March 31, 2025, the company operates a fleet of 8 vessels, comprising 1 chemical tanker, 1 tanker, 1 LPG tanker, and 5 offshore vessels
  • Operating activities generated Ps 595.9 million of cash in 2025 while the company invested Ps 678.6 million and increased bank borrowings
  • The company ceased consolidating the storage business as of October 1, 2025

Named Competitors

  • Torm — International product tanker shipping
  • Scorpio Tankers — Tanker shipping and maritime services
  • Global Industries Logistics — Offshore supply and logistics in Mexico

Recent Developments

  • (February 2026) Announced stronger 2025 financial results with revenue of Ps 1,909.0 million, operating income of Ps 329.7 million, and net income of Ps 341.3 million
  • (October 2025) Ceased consolidating storage business segment, focusing strategic portfolio on maritime and port operations
  • (2025) Improved operational performance through higher asset utilization and contract visibility

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