Mexico City, October 24, 2025, 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 third quarter of 2025.
THIRD QUARTER HIGHLIGHTS
- Volume declined 0.6%.
- Revenue increased 3.3%, on a currency neutral basis revenue grew 4.7%.
- Operating income increased 6.8%; on a currency neutral basis operating income increased 7.0%.
- Majority net income increased 0.7%.
- Earnings per share1 were Ps. 0.35 (Earnings per unit were Ps. 2.81 and per ADS were Ps. 28.07.).
- Now more than 60% of our total client base are digital monthly active buyers.
FIRST NINE MONTHS HIGHLIGHTS
- Volume declined 2.8%.
- Revenue increased 5.0%, on a currency neutral basis revenue grew 5.7%.
- Operating income increased 4.3%, on a currency neutral basis operating income grew 2.9%.
- Majority net income decreased 0.6%.
- Earnings per share1 were Ps. 0.97 (Earnings per unit were Ps. 7.78 and per ADS were Ps. 77.80.).
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.
MESSAGE FROM THE CEO
“During the third quarter, we delivered gradual sequential improvements in our results amid a challenging environment. Total volume declined slightly, driven mainly by Mexico as we navigated a softer macro environment that continues to weigh on consumption. On the other hand, South America delivered a resilient performance with volume growth across most of our territories, demonstrating the adaptability of our business across regions.
In terms of profitability, we protected our margins mainly due to the implementation of mitigation actions to adapt to the environment, controlling expenses and generating efficiencies, recognizing a more difficult than expected 2025.
As we look beyond this year, we will leverage Coca-Cola FEMSA’s ability to adapt to challenging operating conditions including the impact of the beverage excise tax increase in Mexico. We are confident that focusing on our sustainable growth model, combined with short-term revenue growth management and affordability initiatives, productivity and cost control measures and a revised CAPEX investment level, is the best way to navigate these conditions while generating value for our stakeholders.”
Ian Craig, Coca-Cola FEMSA’s Chief Executive Officer
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Jorge Collazo
Lorena Martin
Bryan Silva
Agustín Bolio