Mexico City, February 24, 2026, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the fourth quarter of 2025.
FOURTH QUARTER HIGHLIGHTS
- Volume increased 1.3%.
- Revenue increased 2.9%; on a currency neutral basis, revenue grew 6.0%.
- Operating income increased 13.3%; on a currency neutral basis, operating income increased 16.7%.
- Majority net income increased 3.0%.
- Earnings per share1 were Ps. 0.45 (Earnings per unit were Ps. 3.57 and per ADS were Ps. 35.71.).
FULL YEAR HIGHLIGHTS
- Volume declined 1.8%.
- Revenue increased 4.3%; on a currency neutral basis, revenue grew 6.5%.
- Operating income increased 7.0%; on a currency neutral basis, operating income grew 7.0%.
- Majority net income increased 0.5%.
- Earnings per share1 were Ps. 1.42 (Earnings per unit were Ps. 11.35 and per ADS were Ps. 113.50.).
1 Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.
2 Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
MESSAGE FROM THE CEO
“2025 tested our business in several ways, which provided the opportunity to demonstrate our ability to learn and adjust to changing conditions. It also underscored the resilience of our core business and reinforced the conviction on our strategy of following a sustainable long-term growth model. Through decisive actions to address short-term challenges—particularly in Mexico—and strong execution across South America, we delivered sequential volume improvements throughout the year. We ended the fourth quarter on a strong note, with consolidated volume growth and the highest December volumes in our Company’s history for our four largest operations.
Despite navigating a complex operating environment, our full-year results reflect top- and bottom-line growth with resilient margins, positive momentum in our competitive position, and significant progress in our digital and capacity initiatives.
As we look to 2026, we are well equipped to both address the impact of the increase in the IEPS tax in Mexico and accelerate growth in South America by leveraging our revenue-growth-management initiatives, increased brand engagement from the FIFA World Cup, and continuing to rollout our leading-edge digital capabilities. Combining our top-line initiatives, together with a lean and agile operating model, we are well positioned to continue delivering long-term sustainable growth.”
Ian Craig, Coca-Cola FEMSA’s Chief Executive Officer
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Investor Relations Contact Details
Jorge Collazo
Lorena Martin
Bryan Silva
Agustín Bolio