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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
10
Leases
 
Right-of-use assets
 
   
2024
  
   
Warehouse
    
Cranes
    
Courtyards
    
Dock
    Total  
Gross carrying amount
                              
Balance January 1 2024
  
$
150,625
    
$
4,977
    
$
56,564
    
$
22,135
     $ 234,301  
Disposals (a)
    
(43,020
)
    
(4,977
)
    
(6,995
)
    
-
       (54,992 )
Balance at December 31 2024
   $
107,605
      
-
     $
49,569
      
22,135
     $ 179,309  
                                         
Depreciation
                                        
Balance January 1 2024
    
53,495
      
4,561
      
7,542
      
20,752
       86,350  
Disposals
    
(21,510
)
    
(4,977
)
    
(11,312
)
    
-
       (37,799 )
Depreciation
    
55,918
      
416
      
5,836
      
1,383
       63,553  
Balance December 31 2024
    
87,903
      
-
      
2,066
      
22,135
       112,104  
Carrying amount December 31 2024
  
$
19,702
    
$
-
    
$
47,503
    
$
-
     $ 67,205  

   
2023
  
   
Warehouse
    
Cranes
    
Courtyards
    
Dock
   
Total
  
Gross carrying amount
                              
Balance January 1 2023
  
$
245,741
    
$
4,977
    
$
79,779
    
$
22,135
    
$
352,632
  
Additions
    
62,630
      
-
      
-
      
-
      
62,630
  
Disposals (b)
    
(157,746
)
    
-
      
(23,215
)
    
-
      
(180,961
)
Balance at December 31 2023
    
150,625
      
4,977
      
56,564
      
22,135
      
234,301
  
                                         
Depreciation
                                        
Balance January 1 2023
    
57,263
      
2,073
      
9,140
      
15,218
      
83,694
  
Disposals
    
(68,704
)
    
-
      
(9,673
)
    
-
      
(78,377
)
Depreciation
    
64,936
      
2,488
      
8,075
      
5,534
      
81,033
  
Balance December 31 2023
    
53,495
      
4,561
      
7,542
      
20,752
      
86,350
  
Carrying amount December 31 2023
  
$
97,130
    
$
416
    
$
49,022
    
$
1,383
    
$
147,951
  
 

 (a) Corresponds to disposals due to operational reorganization in the logistics and storage segments.


(b) In August 2023, Ademsa renegotiated the lease contract for the offices and warehouses in Azcapotzalco, signing a new contract for one year and two months. The net effect of this transaction (credit) in the amount of $20,227 is shown under other income (expenses).

Lease liabilities
 
As of December 31, 2024 and 2023, the information of lease liabilities is presented in the statement of financial position and is summarized below:
 
   
Short-term
    
Long-term
  
2024
            
Payable in Mexican pesos
            
Warehouse
  
$
18,636
    
$
15,545
  
Courtyards
    
3,783
      
44,638
  
   
$
22,419
    
$
60,183
  
             
2023
            
Payable in Mexican pesos
            
Warehouse
  
$
62,390
    
$
48,326
  
Cranes
    
681
      
-
  
Courtyards
    
2,463
      
52,110
  
Dock
    
1,609
      
-
  
    $
67,143     $
100,436  

Grupo TMM has warehouses for the storage service, cranes for the logistics services and a major vessel maintenance. With the exception of short-term leases and low-value underlying assets, each lease is reflected on the consolidated statement of financial position as a right-of-use asset and a lease liability.
 
Each lease generally imposes a restriction that, unless there is a contractual right for the Company to sublet the asset to another party, the right-of-use asset can only be used by the Company.
 
Leases are either non-cancellable or may only be cancelled by incurring a substantive termination fee. Some leases contain an option to extend the lease for a further term.
 
Grupo TMM is prohibited from selling or pledging the underlying leased assets as guarantee. For leases over office buildings and warehouses, Grupo TMM must keep those properties in a good state of repair and return the properties. Further, Grupo TMM must insure items of leases assets and incur maintenance fees on such items in accordance with the lease contracts.

The table below describes the nature of Grupo TMM’s leasing activities by type of right-of-use asset recognized in the consolidated statement of financial position:
 
Right-of-use asset
  
No. of
right-of-use
assets
leased
    
Range of
remaining
term
(years)
    
No. of
leases with
extension
options
    
No. of
leases with
purchase
option
    
No. of
leases with
variable
payments
linked to an
index
    
No. of
leases with
termination
options
  
Warehouse
    
2
      
2 – 8
      
2
      
-
      
2
      
-
  
Courtyards
    
1
      
2 – 8
      
1
      
-
      
1
      
-
  
 
Lease liabilities are guaranteed with related underlying assets. Future minimum lease payments as of December 31, 2024 and 2023 were as follows:
 
   
Within the
1st year
    
1 to 3 years
    
3 to 5 years
    
After 5
years
    
Total
  
Balance as of December 31, 2024
                              
Lease payments
  
$
34,518
    
$
29,212
    
$
26,574
    
$
36,075
    
$
126,379
  
Financial charges
    
(12,099
)
    
(14,693
)
    
(10,831
)
    
(6,154
)
    
(43,777
)
Net present value
  
$
22,419
    
$
14,519
    
$
15,743
    
$
29,921
    
$
82,602
  
                                         
Balance as of December 31, 2023
                                        
Lease payments
  
$
84,606
    
$
64,122
    
$
28,902
    
$
56,113
    
$
233,743
  
Financial charges
    
(17,463
)
    
(21,683
)
    
(14,328
)
    
(12,690
)
    
(66,164
)
Net present value
  
$
67,143
    
$
42,439
    
$
14,574
    
$
43,423
    
$
167,579
  
 
Lease payments not recognized as a liability
 
The Company has elected not to recognize a lease liability for short-term leases (leases with an expected term of 12 months or less) or for leases of low-value assets. Payments made under such leases are expensed on a straight-line basis.
 
The expense relating to payments not included in the measurement of the lease liability is as follows:
 
   
2024
    
2023
  
Short-term leases (a)
  
$
803,420
    
$
523,174
  
Leases of low-value assets
    
10,399
      
8,294
  
   
$
813,819
    
$
531,468
  
 

 (a)
Corresponds to the leasing of dredging and parcel tankers vessels, as well as the corporate offices.
 
As of December 31, 2024 and 2023, Grupo TMM was committed on short-term leases and total commitment at that date was $66,952 and $43,598, respectively.

As of December 31, 2024 and 2023, Grupo TMM had no lease commitments that had not yet started.

Total cash outflow for leases for the years ended December 31, 2024 and 2023 were $881,023 and $609,905, respectively.