$AMXOF

AMERICA MOVIL SAB DE CV/

CIK:0001129137|SEC Filings

Consolidated Statements of Comprehensive Income $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2025 MXN ($) $ / shares	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2024 MXN ($) $ / shares	Dec. 31, 2023 MXN ($) $ / shares
Operating revenues:
Service revenues	$ 803,655,320	$ 44,730	$ 741,858,822	$ 689,154,325
Sales of equipment	139,983,086	7,791	127,361,762	126,858,519
Operating revenues	943,638,406	52,521	869,220,584	816,012,844
Operating costs and expenses:
Cost of sales of equipment and services	357,637,156	19,906	331,177,822	316,476,140
Commercial, administrative and general expenses	207,011,427	11,522	186,515,841	173,001,297
Other expenses	6,781,152	377	7,298,470	6,965,828
Depreciation and amortization	180,804,783	10,063	164,128,361	151,786,064
Operating costs and expenses	752,234,518	41,868	689,120,494	648,229,329
Operating income	191,403,888	10,653	180,100,090	167,783,515
Interest income	9,127,487	508	9,008,220	9,628,340
Interest expense	(60,318,857)	(3,356)	(56,019,754)	(44,545,241)
Foreign currency exchange gain (loss), net	19,786,745	1,101	(70,698,375)	14,653,523
Valuation of derivatives, interest cost from labor obligations and other financial items, net	(18,306,262)	(1,019)	5,618,840	(26,814,668)
Equity interest in net result of associated companies	294,235	16	(5,179,112)	(5,371,824)
Profit before income tax	141,987,236	7,903	62,829,909	115,333,645
Income tax	53,870,189	2,998	35,238,443	34,544,003
Net profit for the year	88,117,047	4,905	27,591,466	80,789,642
Net profit for the year attributable to:
Equity holders of the parent	82,819,082	4,610	22,902,025	76,110,617
Non-controlling interests	5,297,965	295	4,689,441	4,679,025
Net profit for the year	$ 88,117,047	$ 4,905	$ 27,591,466	$ 80,789,642
Basic earnings per share attributable to equity holders of the parent (in dollars per share) \| (per share)	$ 1.37	$ 0.08	$ 0.37	$ 1.21
Diluted earnings per share attributable to equity holders of the parent (in dollars per share) \| (per share)	$ 1.37	$ 0.08	$ 0.37	$ 1.21
Other comprehensive (loss) income that may be reclassified to profit or loss in subsequent years (net of tax):
Effect of translation of foreign entities	$ (19,341,106)	$ (1,076)	$ 62,171,364	$ (41,548,455)
Items that will not be reclassified to (loss) or profit in subsequent years (net of tax):
Re-measurement of defined benefit plan, net of deferred taxes	(26,394,653)	(1,468)	(27,872,099)	(3,769,565)
Unrealized (loss) gain on investments in equity and debt securities at fair value, net of deferred taxes	(1,639,179)	(91)	3,485,814	(967,609)
Revaluation surplus, net of deferred taxes	798,872	44	1,659,337	868,456
Total other comprehensive (loss) income items for the year, net of deferred taxes	(46,576,066)	(2,591)	39,444,416	(45,417,173)
Total comprehensive income for the year	41,540,981	2,314	67,035,882	35,372,469
Comprehensive income for the year attributable to:
Equity holders of the parent	36,448,139	2,031	54,502,177	34,578,854
Non-controlling interests	5,092,842	283	12,533,705	793,615
Total comprehensive income for the year	$ 41,540,981	$ 2,314	$ 67,035,882	$ 35,372,469

Consolidated Statements of Cash Flows $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2025 MXN ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 MXN ($)	Dec. 31, 2023 MXN ($)
Operating activities
Profit before income tax	$ 141,987,236	$ 7,903	$ 62,829,909	$ 115,333,645
Items not requiring the use of cash:
Depreciation property, plant and equipment and right-of-use assets	158,889,309	8,843	143,697,887	133,818,176
Amortization of intangible and other assets	21,915,474	1,220	20,430,474	17,967,888
Equity interest in net result of associated companies	(294,235)	(16)	5,179,112	5,371,824
(Gain) loss on sale of property, plant and equipment	282,824	16	264,769	(5,055,264)
Net period cost of labor obligations	21,444,882	1,194	18,232,542	16,971,936
Foreign currency exchange (income) loss, net	(19,786,745)	(1,101)	69,721,961	(16,175,776)
Interest income	(9,127,487)	(508)	(9,008,220)	(9,628,340)
Interest expense	60,318,857	3,356	56,019,754	44,545,241
Employee profit sharing	4,016,423	224	3,721,782	3,938,274
Valuation of derivative financial instruments, capitalized interest expense and other, net	(3,887,863)	(216)	(3,672,093)	4,623,029
Gain on net monetary positions	(5,420,274)	(302)	(27,387,169)	(9,321,480)
Impairment to notes receivable from joint venture	0	0	4,594,792	12,184,562
Impairment of investment in joint venture	0	0	0	4,677,782
Working capital changes:
Subscribers, distributors, recoverable taxes, contract assets and other	(13,146,153)	(732)	(4,160,268)	(19,201,698)
Prepaid expenses	2,942,404	164	2,252,754	(6,154,082)
Related parties	(290,804)	(16)	(3,388,829)	758,301
Inventories	(5,190,448)	(289)	(3,055,411)	2,832,978
Other assets	(10,719,667)	(597)	(8,825,833)	(1,564,370)
Accounts payable and accrued liabilities	(2,814,001)	(157)	(15,450,565)	10,098,156
Deferred revenues	6,683,261	372	2,738,688	3,062,445
Employee benefits paid	(21,577,637)	(1,201)	(27,271,158)	(13,090,945)
Employee profit sharing paid	(3,131,168)	(174)	(3,524,357)	(3,316,540)
Interest received	2,504,220	139	3,489,600	4,882,509
Income taxes paid	(53,199,386)	(2,961)	(48,089,000)	(49,466,056)
Net cash flows provided by operating activities	272,399,022	15,161	239,341,121	248,092,195
Investing activities
Purchase of property, plant and equipment	(114,431,308)	(6,369)	(113,083,319)	(131,101,509)
Acquisition of intangibles	(16,386,132)	(912)	(17,751,708)	(25,237,297)
Dividends received	3,015,648	168	2,779,138	4,590,313
Proceeds from sale of property, plant and equipment	406,588	23	395,232	7,042,757
Acquisition of business, net of cash acquired	(276,841)	(15)	493,714	0
Contractual earn-out from business combination	0	0	893,754	3,468,655
Financial instruments, net			(2,111,926)	(9,420,419)
Financial instruments, net	7,490,018	417
Investments in associated companies	0	0	(72,513)	(459,750)
Acquisition of investments	(4,162,135)	(232)	(10,983,052)	(10,061,353)
Sale of investments	1,443,893	80	15,702,126	10,482,150
Acquisition of notes from joint venture	0	0	(5,497,250)	(14,292,963)
Net cash flows used in investing activities	(122,900,269)	(6,840)	(129,235,804)	(164,989,416)
Financing activities
Loans obtained	238,903,497	13,297	262,041,021	249,380,436
Repayment of loans	(257,291,962)	(14,320)	(232,731,277)	(214,735,610)
Payment of liability related to right-of-use of assets	(51,585,889)	(2,871)	(45,285,610)	(39,498,197)
Interest paid	(32,325,287)	(1,799)	(31,082,117)	(29,031,855)
Repurchase of shares	(11,944,156)	(665)	(22,746,633)	(14,331,361)
Dividends paid	(33,159,586)	(1,846)	(31,007,121)	(30,466,636)
Acquisition of non-controlling interests	(440,849)	(25)	(2,310,084)	(6,263,945)
Payment of deferred consideration of equity interest	(296,861)	(17)	0	0
Net cash flows used in financing activities	(148,141,093)	(8,246)	(103,121,821)	(84,947,168)
Net (decrease) increase in cash and cash equivalents	1,357,660	75	6,983,496	(1,844,389)
Adjustment to cash flows due to exchange rate fluctuations, net	(3,055,403)	(169)	3,070,829	(5,258,787)
Cash and cash equivalents at beginning of the year	36,652,098	2,040	26,597,773	33,700,949
Cash and cash equivalents at end of the year	$ 34,954,355	$ 1,946	$ 36,652,098	$ 26,597,773

Consolidated Statements of Financial Position $ in Thousands, $ in Millions	Dec. 31, 2025 MXN ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 MXN ($)
Current assets:
Cash and cash equivalents	$ 34,954,355	$ 1,946	$ 36,652,098
Equity investments at fair value through other comprehensive income (OCI) and other short-term investments	42,430,014	2,362	46,683,687
Accounts receivable:
Subscribers, distributors, recoverable taxes, contract assets and other, net	241,381,386	13,435	221,122,253
Related parties	1,247,942	69	1,395,483
Derivative financial instruments	2,417,009	135	10,668,460
Inventories, net	28,306,625	1,576	23,751,457
Other current assets, net	14,383,083	801	13,424,395
Total current assets	365,120,414	20,324	353,697,833
Non-current assets:
Property, plant and equipment, net	687,263,062	38,252	713,784,429
Intangibles, net	139,248,894	7,750	141,736,581
Goodwill	157,453,175	8,764	156,836,369
Investments in associated companies	4,318,867	240	3,678,383
Deferred income taxes	159,387,970	8,871	153,217,164
Accounts receivable, subscribers, distributors and contract assets, net	13,379,712	745	9,394,158
Other assets, net	57,812,753	3,218	48,206,789
Debt instruments at fair value through OCI	18,086,886	1,007	13,908,873
Right-of-use assets, net	197,543,872	10,995	199,460,378
Total assets	1,799,615,605	100,166	1,793,920,957
Current liabilities:
Short-term debt and current portion of long-term debt	91,973,001	5,119	104,210,738
Short-term liability related to right-of-use of assets	35,866,709	1,996	35,436,851
Accounts payable	167,124,791	9,302	166,924,134
Accrued liabilities	65,690,407	3,656	57,033,837
Income tax	19,785,151	1,101	24,151,790
Other taxes payable	62,010,352	3,451	51,735,433
Derivative financial instruments	16,132,182	898	22,185,709
Related parties	3,263,615	182	3,701,960
Deferred revenues	33,344,862	1,856	29,020,425
Total current liabilities	495,191,070	27,561	494,400,877
Non-current liabilities:
Long-term debt	432,933,859	24,096	463,374,893
Long-term liability related to right-of-use of assets	178,242,224	9,921	177,666,377
Deferred income taxes	27,480,494	1,530	27,731,694
Accounts payable	19,071,252	1,061	17,224,845
Deferred revenues	3,851,733	214	2,672,730
Asset retirement obligations	11,785,915	656	11,512,779
Employee benefits	203,386,684	11,320	167,152,441
Total non-current liabilities	876,752,161	48,798	867,335,759
Total liabilities	1,371,943,231	76,359	1,361,736,636
Equity:
Capital stock	95,353,767	5,307	95,356,548
Retained earnings:
Prior years	474,663,431	26,419	494,346,642
Profit for the year	82,819,082	4,610	22,902,025
Total retained earnings	557,482,513	31,029	517,248,667
Other comprehensive loss items	(290,766,017)	(16,180)	(243,519,865)
Equity attributable to equity holders of the parent	362,070,263	20,156	369,085,350
Non-controlling interests	65,602,111	3,651	63,098,971
Total equity	427,672,374	23,807	432,184,321
Total liabilities and equity	$ 1,799,615,605	$ 100,166	$ 1,793,920,957