BMV:FEMSA.UBD Income Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	846,354	834,390	775,551	699,640	595,543	504,122
Other Revenue	6,564	6,564	6,034	3,052	1,465	1,338
Revenue	852,918	840,954	781,585	702,692	597,008	505,460
Revenue Growth (YoY)	6.53%	7.60%	11.23%	17.70%	18.11%	2.53%
Cost of Revenue	506,166	499,378	460,072	423,185	355,490	299,276
Gross Profit	346,752	341,576	321,513	279,507	241,518	206,184
Selling, General & Admin	273,622	269,384	251,638	221,629	177,775	152,468
Other Operating Expenses	-8,919	3,629	5,489	3,428	1,008	1,324
Operating Expenses	264,703	273,013	257,127	225,057	178,783	153,792
Operating Income	82,049	68,563	64,386	54,450	62,735	52,392
Interest Expense	-17,272	-16,982	-16,052	-15,396	-13,918	-14,474
Interest & Investment Income	6,533	7,494	10,764	19,662	3,895	4,710
Earnings From Equity Investments	-1,490	-1,498	-993	-406	99	-10
Currency Exchange Gain (Loss)	-6,569	-5,684	12,095	-9,034	-3,572	1,237
Other Non Operating Income (Expenses)	-2,510	-1,220	-3,475	2,336	-1,652	-474
EBT Excluding Unusual Items	60,741	50,673	66,725	51,612	47,587	43,381
Merger & Restructuring Charges	-47	-47	-41	-	-210	-112
Gain (Loss) on Sale of Investments	-	-	214	415	-	-
Gain (Loss) on Sale of Assets	-725	-725	-779	407	-88	610
Asset Writedown	-	-	-2,801	-1,248	-833	-1,427
Other Unusual Items	-340	-340	821	5,945	75	496
Pretax Income	61,407	51,339	65,554	57,410	46,595	42,980
Income Tax Expense	18,743	19,860	25,433	12,971	13,275	13,566
Earnings From Continuing Operations	42,664	31,479	40,121	44,439	33,320	29,414
Earnings From Discontinued Operations	-915.63	1,574	115	32,238	1,423	8,264
Net Income to Company	41,748	33,053	40,236	76,677	34,743	37,678
Minority Interest in Earnings	-13,297	-13,622	-13,501	-10,988	-10,834	-9,183
Net Income	28,452	19,431	26,735	65,689	23,909	28,495
Net Income to Common	28,452	19,431	26,735	65,689	23,909	28,495
Net Income Growth	-4.12%	-27.32%	-59.30%	174.75%	-16.09%	-
Shares Outstanding (Basic)	3,413	3,469	3,578	3,578	3,578	3,578
Shares Outstanding (Diluted)	3,413	3,469	3,578	3,578	3,578	3,578
Shares Change (YoY)	-4.63%	-3.04%	-	-	-	-
EPS (Basic)	8.34	5.60	7.47	18.36	6.68	7.96
EPS (Diluted)	8.34	5.60	7.47	18.36	6.68	7.96
EPS Growth	0.53%	-25.04%	-59.30%	174.75%	-16.09%	-
Free Cash Flow	50,196	32,578	28,805	14,865	43,222	55,518
Free Cash Flow Per Share	14.71	9.39	8.05	4.15	12.08	15.52
Dividend Per Share	-	-	4.583	4.397	3.664	3.400
Dividend Growth	-	-	4.22%	20.00%	7.78%	-
Gross Margin	40.66%	40.62%	41.14%	39.78%	40.46%	40.79%
Operating Margin	9.62%	8.15%	8.24%	7.75%	10.51%	10.37%
Profit Margin	3.34%	2.31%	3.42%	9.35%	4.00%	5.64%
Free Cash Flow Margin	5.88%	3.87%	3.69%	2.11%	7.24%	10.98%
EBITDA	105,550	95,698	87,504	86,948	91,950	69,946
EBITDA Margin	12.38%	11.38%	11.20%	12.37%	15.40%	13.84%
D&A For EBITDA	23,501	27,135	23,118	32,498	29,215	17,554
EBIT	82,049	68,563	64,386	54,450	62,735	52,392
EBIT Margin	9.62%	8.15%	8.24%	7.75%	10.51%	10.37%
Effective Tax Rate	30.52%	38.68%	38.80%	22.59%	28.49%	31.56%
Revenue as Reported	840,954	840,954	781,585	702,692	597,008	505,460
Advertising Expenses	-	8,525	7,286	6,778	5,768	7,586

Source: S&P Global Market Intelligence. Standard template. Financial Sources.