America Movil (NYSE: AMX) grows profit, boosts free cash flow in Q2 2026
Rhea-AI Filing Summary
América Móvil reported solid second-quarter 2026 results, with total revenue up 3.1% year-on-year to 241,071 million Mexican pesos. Service revenue grew 3.4% and EBITDA increased 3.8% to 95,908 million pesos. Operating profit rose 9.5% to 51,814 million pesos, while net income increased 9.2% to 24,332 million pesos, equivalent to MXN 0.40 per share and US$0.47 per ADR.
For the first half of 2026, capital expenditures totaled 48.1 billion pesos, share buybacks 4.6 billion and labor obligations 8.4 billion. First-half free cash flow reached 43,021 million pesos, up from 20,054 million pesos a year earlier, enabling a 30.9 billion-peso reduction in net debt in cash-flow terms. Excluding capitalized leases, net debt stood at 402 billion pesos, or 1.31x last-twelve-month EBITDAaL.
Commercially, the group ended June with 414.5 million access lines, including 334.3 million wireless subscribers and 80.2 million fixed-line RGUs. Postpaid mobile and broadband remained key growth drivers, rising 9.1% and 6.1% year-on-year, respectively. América Móvil also agreed to acquire 100% of WOW Peru, a fiber broadband provider outside Lima, subject to Peruvian competition approval.
Positive
- Free cash flow more than doubled year-on-year in the first half of 2026 to MXN 43,021 million from MXN 20,054 million, supporting a MXN 30.9 billion reduction in net debt and leaving leverage at 1.31x LTM EBITDAaL.
- Profitability improved, with first-half 2026 net income rising to MXN 47,733 million from MXN 40,985 million, a 16.5% increase, while Q2 EBIT grew 9.5% and EBITDA margin held near 40%.
Negative
- None.
Filing Explained
The WOW Peru deal has no disclosed purchase price or funding source, leaving its cash obligation unquantified.
Form 6-K is an interim report for material information. The company reports that the WOW Peru acquisition remains subject to Peruvian competition approval; if approved, it would expand Claro Peru’s fiber network outside Lima, but no purchase price or funding source is disclosed, so the cash obligation cannot be sized.
The filing extends wireless-line registration deadlines to between
Prepaid customers who miss their applicable deadline will have service suspended until registration is completed. The filing also reclassifies Fixed Wireless Access devices from fixed-line to mobile service and adjusts 2025 and 2026 figures, affecting comparisons across those categories.
Key Figures
Key Terms
EBITDAaL financial
Free Cash Flow financial
IAS29 financial
Fixed Wireless Access (FWA) technical
Revenue Generating Units (RGUs) financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF A FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2026
Commission File Number: 1-16269
AMÉRICA MÓVIL, S.A.B. DE C.V.
(Exact Name of the Registrant as Specified in its Charter)
America Mobile
(Translation of Registrant’s name into English)
Lago Zurich 245
Plaza Carso / Edificio Telcel, Piso 16
Colonia Ampliación Granada, Alcaldía Miguel Hidalgo
11529, Mexico City
Mexico
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
|
CONTENT
HIGHLIGHTS RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2026.
Highlights
| • | Postpaid net additions totaled 3.5 million in the quarter with Brazil leading the way with 1.5 million subscribers, followed by Colombia with 250 thousand and Mexico with 101 thousand. |
| • | On the fixed-line platform we connected 531 thousand broadband accesses. Mexico was the main contributor with 170 thousand, followed by Brazil with 83 thousand and Colombia with 74 thousand. Pay TV net additions totaled 110 thousand units. |
| • | Second quarter revenue of 241 billion Mexican pesos was 3.1% higher than a year ago in Mexican peso terms. At constant exchange rates service revenue rose 5.1%. |
| • | Mobile service revenue increased 6.5% year-on-year, maintaining the pace observed in the prior quarter, with prepaid revenue growth accelerating to 5.3% and postpaid revenue rising 7.2% at constant exchange rates. |
| • | Fixed-line service revenue growth accelerated to 2.7% from 1.7% in the prior quarter driven by broadband revenue growth, which improved from 4.2% to 5.4%. |
| • | EBITDA of 96 billion Mexican pesos was up 3.8% year-on-year in Mexican peso terms and 5.3% at constant exchange rates. Absent a one-off charge, EBITDA would have increased 6.7%. |
| • | Our second-quarter operating profit totaled 52 billion Mexican pesos, up 9.5% year-on-year in peso terms. Comprehensive financing costs increased to 10.4 billion pesos, partly reflecting lower foreign-exchange gains than those recorded a year earlier. |
| • | Net income totaled 24 billion pesos, a 9.2% year-on-year increase. |
| • | During the first half of the year, capital expenditures totaled 48 billion pesos and share buybacks 4.6 billion pesos. |
| • | In cash flow terms net debt decreased by 31 billion pesos and our leverage ratio came down to 1.31x Net Debt/LTM EBITDAaL. |
| We will host our conference call to discuss 2Q26 financial and operating results on July 22nd at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors |
2
|
CONTENT
HIGHLIGHTS RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||
| 2Q26 | 2Q25 | |||||
| Earnings per Share (Mex$)(1) | 0.40 | 0.37 | ||||
| Earnings per ADR (US$)(2) | 0.47 | 0.38 | ||||
| EBITDA per Share (Mex$)(3) | 1.60 | 1.52 | ||||
| EBITDA per ADR (US$) | 1.83 | 1.56 | ||||
| Net Income (millions of Mex$) | 24,332 | 22,282 | ||||
| Average Shares Outstanding (billion) | 60.1 | 60.6 | ||||
| Shares Outstanding End of Period (billion) | 60.1 | 60.4 | ||||
|
(1) Net Income / Average Shares Outstanding (2) 20 shares per ADR (3) EBITDA / Average Shares Outstanding |
||||||
 |
|||||||
| Country | Brand | Main Activity | Equity | ||||
| Mexico | Telcel | wireless | 100.0% | ||||
| Telmex | wireline | 100.0% | |||||
| Argentina | Claro | wireless/wireline | 100.0% | ||||
| Austria | A1 | wireless/wireline | 61.0% | ||||
| EuroTeleSites | towers | 57.0% | |||||
| Brazil | Claro | wireless/wireline | 99.6% | ||||
| Chile | Claro | wireless/wireline | 100.0% | ||||
| Colombia | Claro | wireless/wireline | 99.4% | ||||
| Costa Rica | Claro | wireless/wireline | 100.0% | ||||
| The Dominican Republic | Claro | wireless/wireline | 100.0% | ||||
| Ecuador | Claro | wireless/wireline | 100.0% | ||||
| El Salvador | Claro | wireless/wireline | 97.9% | ||||
| Guatemala | Claro | wireless/wireline | 99.3% | ||||
| Honduras | Claro | wireless/wireline | 100.0% | ||||
| Nicaragua | Claro | wireless/wireline | 99.6% | ||||
| Paraguay | Claro | wireless/wireline | 100.0% | ||||
| Peru | Claro | wireless/wireline | 100.0% | ||||
| Puerto Rico | Claro | wireless/wireline | 100.0% | ||||
| Uruguay | Claro | wireless | 100.0% | ||||
3
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
Relevant Events
Acquisition of WOW in Peru
Today we announced an agreement to acquire 100% of WOW Peru from Liberty Latin America and Narvik Capital Partners, subject to approval by the Peruvian competition authority. WOW has a fiber broadband network with presence in regions outside Lima, which complements Claro Peru’s existing infrastructure. This transaction supports our long-term commitment in Peru and strategy of expanding access to high-quality digital connectivity.
Access Lines
3.5M postpaid net adds
In the second quarter we added 3.5 million postpaid subscribers with Brazil leading the way with 1.5 million subscribers. Colombia followed with 250 thousand, Peru with 173 thousand, Argentina with 154 thousand and Mexico with 101 thousand subscribers. In the prepaid segment we registered 3.7 million net losses as Colombia and Argentina cleaned-up their base.
531k new broadband accesses
In the fixed-line segment we connected 531 thousand new broadband accesses. Mexico was the main contributor with 170 thousand accesses, followed by Brazil with 83 thousand and Colombia with 74 thousand. As regards Pay TV we added 110 thousand units, with most of them coming from Argentina, Eastern Europe and Central America.
At the end of June we had 414.5 million access lines of which 334.3 million were wireless subscribers— including 149.8 million postpaid subscribers—and 80.2 million were fixed-line RGUs: 37.8 million broadband accesses, 13.9 million Pay TV units and 28.4 million landlines.
Postpaid base +9.1% YoY and broadband accesses +6.1% YoY
Mobile postpaid and fixed-broadband accesses remained the main drivers of growth of our customer base, increasing by 9.1% and 6.1% respectively compared with the year-earlier quarter.
4
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
|
|
|||||||||
| Total(1) (Thousands) | |||||||||
| Country | Jun ’26 | Mar ’26 | Var.% | Jun ’25 | Var.% | ||||
| Argentina | 26,401 | 27,727 | -4.8% | 26,679 | -1.0% | ||||
| Austria & Eastern Europe(2) | 32,122 | 31,036 | 3.5% | 28,306 | 13.5% | ||||
| Brazil | 92,264 | 90,824 | 1.6% | 88,412 | 4.4% | ||||
| Central America & The Caribbean | 26,426 | 26,066 | 1.4% | 25,109 | 5.2% | ||||
| Colombia | 40,943 | 43,185 | -5.2% | 41,685 | -1.8% | ||||
| Ecuador | 9,687 | 9,615 | 0.7% | 9,996 | -3.1% | ||||
| Mexico | 84,531 | 84,285 | 0.3% | 84,110 | 0.5% | ||||
| Peru | 13,321 | 13,221 | 0.8% | 12,832 | 3.8% | ||||
| Southern Cone(3) | 8,642 | 8,538 | 1.2% | 8,794 | -1.7% | ||||
| Total Wireless Lines | 334,338 | 334,496 | 0.0% | 325,925 | 2.6% | ||||
|
(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. (2) Includes A1 Digital M2M subscribers. (3) Includes Chile, Paraguay and Uruguay. Note: We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes. |
|||||||||
 |
|||||||||
| Total(1) (Thousands) | |||||||||
| Country | Jun ’26 | Mar ’26 | Var.% | Jun ’25 | Var.% | ||||
| Argentina | 4,411 | 4,250 | 3.8% | 3,858 | 14.3% | ||||
| Austria & Eastern Europe | 6,540 | 6,498 | 0.7% | 6,395 | 2.3% | ||||
| Brazil | 21,808 | 21,857 | -0.2% | 22,032 | -1.0% | ||||
| Central America & The Caribbean | 8,648 | 8,526 | 1.4% | 8,092 | 6.9% | ||||
| Colombia | 9,756 | 9,706 | 0.5% | 9,626 | 1.3% | ||||
| Ecuador | 843 | 809 | 4.2% | 672 | 25.4% | ||||
| Mexico | 22,969 | 22,820 | 0.7% | 22,327 | 2.9% | ||||
| Peru | 2,086 | 2,053 | 1.6% | 1,912 | 9.1% | ||||
| Southern Cone(2) | 3,104 | 3,133 | -0.9% | 3,273 | -5.2% | ||||
| Total UGIs | 80,166 | 79,653 | 0.6% | 78,188 | 2.5% | ||||
|
(1) Includes total accesses of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. Includes fixed-line, broadband and television (Cable & DTH) accesses. (2) Includes Chile, Paraguay and Uruguay. Note: We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes. |
|||||||||
5
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
|||||||||
| Total(1) (Thousands) | |||||||||
| Country | Jun ’26 | Mar ’26 | Var.% | Jun ’25 | Var.% | ||||
| Argentina | 1,841 | 1,781 | 3.4% | 1,609 | 14.4% | ||||
| Austria & Eastern Europe | 2,923 | 2,902 | 0.7% | 2,833 | 3.2% | ||||
| Brazil | 10,841 | 10,757 | 0.8% | 10,444 | 3.8% | ||||
| Central America & The Caribbean | 2,980 | 2,918 | 2.1% | 2,703 | 10.3% | ||||
| Colombia | 3,704 | 3,630 | 2.0% | 3,459 | 7.1% | ||||
| Ecuador | 458 | 441 | 3.7% | 382 | 19.7% | ||||
| Mexico | 12,345 | 12,175 | 1.4% | 11,605 | 6.4% | ||||
| Peru | 1,189 | 1,143 | 4.0% | 1,049 | 13.3% | ||||
| Southern Cone(2) | 1,554 | 1,556 | -0.1% | 1,569 | -0.9% | ||||
| Total Broadband Accesses | 37,834 | 37,303 | 1.4% | 35,653 | 6.1% | ||||
|
(1) Includes total accesses of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. (2) Includes Chile, Paraguay and Uruguay. Note: We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes. |
|||||||||
6
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
América Móvil Consolidated Results
Throughout the second quarter, with the Iran war raging, oil prices remained elevated, peaking mid-May at a price roughly 70% higher than prior to the war. This brought about greater concerns regarding inflation worldwide and the expectation—and in some cases the reality—of higher interest rates including those at the long end of the yield curve (the 30 year U.S. Treasury notes reached their highest yield in nearly 20 years). However, in spite of the supporting dollar rates, the U.S. dollar did not grow stronger against most currencies in our region of operations—including Latam currencies and the Euro—and in fact depreciated 6.6% vs. the Colombian peso.
Second quarter revenue was up 3.1% year-on-year in Mexican peso terms to 241 billion Mexican pesos, as service revenue increased 3.4% with EBITDA rising at a slightly faster pace, 3.8%, to 96 billion pesos. At constant exchange rates service revenue was up 5.1% while EBITDA increased 5.3%—it would have increased 6.7% absent a one-off charge in Mexico. Compared to the year-earlier quarter the Mexican peso appreciated significantly vs. the U.S. dollar and the Euro—12.3% and 9.6% respectively—while remaining flat vs. the Brazilian real and depreciating 3.3% vs. the Colombian peso.
Mobile service revenue maintained the pace observed the prior quarter, 6.5%, while fixed-line service revenue accelerated to 2.7% from 1.7% the prior quarter. On the mobile platform postpaid revenue expanded 7.2% as in the preceding quarter, with prepaid revenue growth rising 5.3%, a slightly faster pace than in the prior quarter. Mexico, Colombia and the Central American block were the best performers in terms of improved mobile service revenue growth.
Regarding fixed-line revenue the more rapid pace was driven by broadband and Pay TV revenue which improved from 4.2% to 5.4% and from 3.1% to 4.6% respectively. Mexico, Peru, Eastern Europe and Central America all contributed to the improvement in broadband revenue growth. As for the recovery in the Pay TV segment, Brazil was the top performer, moving up from a 4.7% pace to 7.5%.
Operating profit totaled 51.8 billion which was up 9.5% in Mexican peso terms. Our comprehensive financing costs rose to 10.4 billion pesos partly reflecting lower foreign exchange gains than the ones observed a year before.
Our net income totaled 24.3 billion pesos, a 9.2% increase from the year-earlier quarter. It was equivalent to 40 peso cents per share and 47 dollar cents per ADR.
Throughout the first half of the year our capital expenditures amounted to 48.1 billion pesos; our share buybacks to 4.6 billion and the service of our labor obligations to 8.4 billion pesos. These were all covered by our cash flow which, together with net dividend income of 1.1 billion pesos, allowed us to reduce our net debt in cash flow terms by 30.9 billion pesos.
Excluding capitalized lease obligations, net debt totaled 402 billion pesos at the end of June, which represented 1.31 times LTM EBITDAaL.
7
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of Mexican pesos | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 |
Jan-Jun 25 |
Var.% | |||||
| Service Revenue | 205,919 | 199,068 | 3.4% | 406,311 | 398,211 | 2.0% | ||||
| Equipment Revenue | 33,433 | 32,911 | 1.6% | 67,539 | 64,678 | 4.4% | ||||
| Other Revenue | 1,719 | 1,806 | -4.8% | 4,065 | 2,934 | 38.6% | ||||
| Total Revenue | 241,071 | 233,785 | 3.1% | 477,915 | 465,823 | 2.6% | ||||
| Cost of Service | 58,484 | 59,636 | -1.9% | 117,406 | 119,293 | -1.6% | ||||
| Cost of Equipment | 29,919 | 28,442 | 5.2% | 59,528 | 56,306 | 5.7% | ||||
| Selling, General & Administrative Expenses | 53,505 | 51,860 | 3.2% | 105,595 | 103,799 | 1.7% | ||||
| Other | 3,255 | 1,436 | 126.7% | 4,975 | 2,967 | 67.7% | ||||
| Total Costs and Expenses | 145,164 | 141,375 | 2.7% | 287,503 | 282,365 | 1.8% | ||||
| EBITDA | 95,908 | 92,409 | 3.8% | 190,412 | 183,458 | 3.8% | ||||
| % of Total Revenue | 39.8% | 39.5% | 39.8% | 39.4% | ||||||
| Depreciation & Amortization | 44,094 | 45,071 | -2.2% | 88,079 | 91,306 | -3.5% | ||||
| EBIT | 51,814 | 47,338 | 9.5% | 102,333 | 92,152 | 11.0% | ||||
| % of Total Revenue | 21.5% | 20.2% | 21.4% | 19.8% | ||||||
| Net Interest Expenses | 11,835 | 13,725 | -13.8% | 23,688 | 26,435 | -10.4% | ||||
| Other Financial Expenses | 6,862 | 4,967 | 38.2% | 12,152 | 4,517 | 169.0% | ||||
| Foreign Exchange Loss | -8,275 | -10,962 | 24.5% | -13,312 | -9,783 | -36.1% | ||||
| Comprehensive Financing Cost (Income) | 10,423 | 7,729 | 34.8% | 22,528 | 21,169 | 6.4% | ||||
| Income & Deferred Taxes | 15,887 | 16,026 | -0.9% | 29,677 | 27,714 | 7.1% | ||||
| Net Income before Minority Interest and Equity Participation in Results of Affiliates |
25,504 |
23,583 |
8.1%
|
50,128 |
43,270 |
15.9% |
||||
| Equity Participation in Results of Affiliates | 315 | 39 | n.m. | 360 | 66 | n.m. | ||||
| Minority Interest | -1,487 | -1,340 | -11.0% | -2,755 | -2,351 | -17.2% | ||||
| Net Income | 24,332 | 22,282 | 9.2% | 47,733 | 40,985 | 16.5% | ||||
|
Note: The reported figures for Argentina corresponding to the second quarter of 2026 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency. We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes. n.m. Not meaningful. |
||||||||||
8
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||||
| Millions of Mexican pesos | ||||||||||||
| Jun '26 | Dec '25 | Var.% | Jun '26 | Dec '25 | Var.% | |||||||
| Current Assets | Current Liabilities | |||||||||||
| Cash, Marketable Securities & Other Short Term Investments(1) | 74,732 | 77,384 | -3.4% | Short Term Debt(2) | 83,408 | 91,973 | -9.3% | |||||
| Accounts Receivable | 249,251 | 243,798 | 2.2% | Lease-Related Debt | 36,319 | 35,867 | 1.3% | |||||
| Other Current Assets | 23,800 | 15,631 | 52.3% | Accounts Payable | 137,574 | 155,251 | -11.4% | |||||
| Inventories | 30,436 | 28,307 | 7.5% | Other Current Liabilities | 272,724 | 212,101 | 28.6% | |||||
| 378,218 | 365,120 | 3.6% | 530,026 | 495,191 | 7.0% | |||||||
| Non Current Assets | Non Current Liabilities | |||||||||||
| Plant & Equipment, gross | 1,541,726 | 1,491,910 | 3.3% | Long Term Debt | 393,519 | 432,934 | -9.1% | |||||
|
-Depreciation
|
861,407 | 804,647 | 7.1% | Lease-Related Debt | 178,081 | 178,242 | -0.1% | |||||
| Plant & Equipment, net | 680,319 | 687,263 | -1.0% | Other Liabilities | 271,099 | 265,576 | 2.1% | |||||
| Rights of Use | 197,101 | 197,544 | -0.2% | 842,699 | 876,752 | -3.9% | ||||||
| Investments in Affiliates and Other Investments | 23,751 | 22,406 | 6.0% | |||||||||
| Deferred Assets | ||||||||||||
| Goodwill (Net) | 155,462 | 157,453 | -1.3% | |||||||||
| Intangible Assets | 135,926 | 139,249 | -2.4% | Shareholder's Equity | 438,100 | 427,672 | 2.4% | |||||
| Deferred Assets | 240,048 | 230,580 | 4.1% | |||||||||
| Total Assets | 1,810,825 | 1,799,616 | 0.6% | Total Liabilities and Equity | 1,810,825 | 1,799,616 | 0.6% | |||||
|
(1) Includes Verizon stock, deemed to be available for sale. (2) Includes current portion of Long Term Debt. Note: The reported figures for Argentina corresponding to the second quarter of 2026 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency. |
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9
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||
|
Millions of Mexican pesos |
||||||
| Jan-Jun 26 | Jan-Jun 25 | |||||
| EBITDA | 190,412 | 183,458 | ||||
| EBITDAaL(1) | 153,601 | 154,386 | ||||
| Minus | ||||||
| Net Interest Payments | 13,374 | 14,370 | ||||
| Income Taxes | 22,794 | 29,496 | ||||
| Increase in Working Capital | 26,300 | 35,548 | ||||
| Funds from Operations | 91,133 | 74,972 | ||||
| Capital Expenditures | 48,112 | 54,919 | ||||
| Free Cash Flow | 43,021 | 20,054 | ||||
| Uses of Free Cash Flow | ||||||
| Shareholder Distributions | 3,503 | 9,387 | ||||
| -Dividends | (1,065) | 732 | ||||
| - Dividends Paid | 17 | 2,299 | ||||
| - Dividends Income | (1,082) | (1,567) | ||||
| -Share Buybacks | 4,568 | 8,654 | ||||
| Equity Investments | 218 | 677 | ||||
| Labor Obligations | 8,402 | 2,717 | ||||
| Reduction of our Net Debt | 30,898 | 7,274 | ||||
| 43,021 | 20,054 | |||||
|
(1) After leases and adjusting for non-cash items. Note: The reconcilation of this table (not an IFRS measure) to net cash flows provided by operating activities (an IFRS measure) can be seen in the Appendix. |
||||||
10
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
Mexico
101k postpaid net adds
Telcel gained 247 thousand wireless subscribers in the second quarter including 101 thousand postpaid subscribers. Our wireless base stood at 84.5 million subscribers at the end of June, 0.5% higher than a year earlier. Telcel remained a net gainer in mobile number portability. On the fixed-line side Telmex added 170 thousand new broadband accesses and disconnected 20 thousand landlines, bringing its fixed-line base to nearly 23 million RGUs.
Mobile service revenue +6.6% YoY
Revenue increased 3.2% year-on-year to 86.9 billion pesos, with service revenue growing 4.4%. In the mobile segment service revenue growth accelerated to 6.6% from 5.7% in the first quarter. Notably, the improvement was broad-based, with prepaid service revenue growing 5.7%, up from 4.6% in the previous quarter, and postpaid service revenue rising 7.7%, its strongest performance in several quarters.
Broadband revenue +6.3% YoY
Service revenue at Telmex was essentially flat year-on-year, reflecting mixed trends across business lines. Broadband revenue increased 6.3%, accelerating from 4.6% in the first quarter, while corporate revenue declined 7.8%.
EBITDA excluding one-off +4.3% YoY
EBITDA for the period totaled 35.2 billion pesos, up 0.6% from a year earlier. The quarter’s results reflect a one-off charge associated with a regulatory fine on Telmex. Without the impact of this fine, EBITDA would have increased 4.3% year-on-year. The EBITDA margin for the period was 40.6% of revenue.
Mobile registration period extended
The registration period for wireless lines, which had been scheduled to conclude on July 1st, was extended by the Comisión Reguladora de Telecomunicaciones. The deadline will depend on the last digit of the phone number and will run between August 15th to December 31st, 2026. Prepaid customers who do not complete registration by the applicable deadlines will have their service suspended. Service will be restored once registration is completed. We continue to encourage customers to complete the registration process before the new deadline.
11
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of Mexican pesos | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 86,870 | 84,180 | 3.2% | 173,178 | 166,287 | 4.1% | ||||
| Total Service Revenue | 71,377 | 68,356 | 4.4% | 141,042 | 135,362 | 4.2% | ||||
| Wireless Revenue | 63,625 | 60,863 | 4.5% | 126,603 | 119,655 | 5.8% | ||||
| Service Revenue | 49,027 | 46,010 | 6.6% | 96,314 | 90,764 | 6.1% | ||||
| Equipment Revenue | 14,598 | 14,853 | -1.7% | 30,289 | 28,891 | 4.8% | ||||
| Fixed Line Revenue(2) | 22,448 | 22,419 | 0.1% | 44,900 | 44,754 | 0.3% | ||||
| Other Revenue | 796 | 898 | -11.3% | 1,675 | 1,878 | -10.8% | ||||
| EBITDA | 35,229 | 35,019 | 0.6% | 71,713 | 69,428 | 3.3% | ||||
| % total revenue | 40.6% | 41.6% | 41.4% | 41.8% | ||||||
| EBIT | 26,650 | 26,683 | -0.1% | 54,531 | 52,579 | 3.7% | ||||
| % total revenue | 30.7% | 31.7% | 31.5% | 31.6% | ||||||
|
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. (2) Includes equipment revenue. |
||||||||||
 |
||||||||||
| 2Q26 | 2Q25 | Var.% | ||||||||
| Wireless Subscribers (thousands) | 84,531 | 84,110 | 0.5% | |||||||
| Postpaid | 16,110 | 15,686 | 2.7% | |||||||
| Prepaid | 68,421 | 68,424 | 0.0% | |||||||
| ARPU (MxP) | 194 | 183 | 5.9% | |||||||
| Churn (%) | 2.6% | 3.0% | (0.5) | |||||||
| Revenue Generating Units (RGUs) | 22,969 | 22,327 | 2.9% | |||||||
| Fixed Lines | 10,624 | 10,722 | -0.9% | |||||||
| Broadband | 12,345 | 11,605 | 6.4% | |||||||
12
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
BRAZIL
1.5M postpaid net adds
Wireless net additions totaled 1.5 million postpaid subscribers including 680 thousand M2M units. Our wireless base reached 92.3 million subscribers at the end of June, representing a 4.4% year-on-year increase. Claro remains the market leader in both prepaid and postpaid net additions through June and is also the leader in mobile number portability.
83k new broadband accesses
In the fixed-line segment in spite of adding 83 thousand new broadband accesses and 3 thousand Pay TV units we ended up with 49 thousand less fixed-line RGUs. At the end of June we had 21.8 million fixed-line RGUs.
Claro’s convergent customer base combining fixed-line and mobile services increased 15% year-over-year and remains a key driver of customer retention and revenue growth.
Fixed-line service revenue +4.1% YoY
Revenue grew 5.4% year-on-year to BRL 13.5 billion, with service revenue increasing 5.3%. Mobile service revenue rose 6.1% with postpaid revenue increasing 7.1%. These results reflect the strength of our commercial performance despite an increasingly competitive environment and heightened promotional activity across the industry. Fixed-line service revenue growth accelerated from 2.6% in the first quarter to 4.1% in the current period. This acceleration was mainly driven by Pay TV revenue which increased 7.5% year-on-year, and corporate networks revenue, which grew 13.0%. Meanwhile, broadband revenue increased 2.3% compared to the same period last year.
EBITDA +5.1% YoY
EBITDA increased 5.1% year-on-year to BRL 5.9 billion, while the EBITDA margin remained virtually unchanged from the second quarter of last year at 44.0%.
13
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of BrL | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 13,469 | 12,779 | 5.4% | 26,772 | 25,239 | 6.1% | ||||
| Total Service Revenue | 12,753 | 12,111 | 5.3% | 25,281 | 23,976 | 5.4% | ||||
| Wireless Revenue | 8,141 | 7,672 | 6.1% | 16,185 | 15,028 | 7.7% | ||||
| Service Revenue | 7,466 | 7,035 | 6.1% | 14,779 | 13,817 | 7.0% | ||||
| Equipment Revenue | 674 | 637 | 5.8% | 1,406 | 1,211 | 16.1% | ||||
| Fixed Line Revenue(2) | 5,292 | 5,087 | 4.0% | 10,516 | 10,169 | 3.4% | ||||
| EBITDA | 5,920 | 5,631 | 5.1% | 11,777 | 11,122 | 5.9% | ||||
| % total revenue | 44.0% | 44.1% | 44.0% | 44.1% | ||||||
| EBIT | 2,718 | 2,470 | 10.0% | 5,373 | 4,796 | 12.0% | ||||
| % total revenue | 20.2% | 19.3% | 20.1% | 19.0% | ||||||
|
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2) Includes equipment revenue. |
||||||||||
 |
||||||||||
| 2Q26 | 2Q25 | Var.% | ||||||||
| Wireless Subscribers (thousands) | 92,264 | 88,412 | 4.4% | |||||||
| Postpaid | 61,191 | 56,279 | 8.7% | |||||||
| Prepaid | 31,073 | 32,133 | -3.3% | |||||||
| ARPU (BrL) | 27 | 27 | 1.9% | |||||||
| Churn (%) | 2.0% | 2.6% | (0.6) | |||||||
| Revenue Generating Units (RGUs) | 21,808 | 22,032 | -1.0% | |||||||
| Fixed Lines | 6,444 | 7,036 | 8.4% | |||||||
| Broadband | 10,841 | 10,444 | 3.8% | |||||||
| PayTV | 4,524 | 4,553 | -0.6% | |||||||
14
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
COLOMBIA
250k postpaid net adds
We finished June with nearly 41 million wireless subscribers after adding 250 thousand postpaid subscribers in the quarter and disconnecting 2.5 million prepaid subscribers as part of a base cleanup. On the fixed-line platform we added 74 thousand broadband accesses and 3 thousand Pay TV units, while disconnecting 27 thousand landlines. Our fixed-line base had 9.8 million RGUs at the end of June, 1.3% more than a year before.
Mobile service revenue +10.5% YoY
Revenue for the quarter increased 5.8% year-on-year to 4.4 trillion Colombian pesos, with service revenue rising 7.5%, slightly above the growth rate reported in the previous quarter. Mobile service revenue also accelerated, increasing 10.5% year-on-year and translating into 6.6% ARPU growth.
Postpaid revenue +10.2% YoY
Postpaid revenue delivered its strongest performance in more than seven years, growing 10.2% on the back of Claro’s 5G network. In the fixed-line segment service revenue increased 3.0% year-on year, while broadband revenue rose 3.9%, up from 3.0% growth in the first quarter.
EBITDA 12.5% YoY
Quarterly EBITDA increased 12.5% to 1.8 trillion Colombian pesos, as the EBITDA margin climbed from 39.4% to 41.9% on better operating leverage and continued cost-control efforts.
5G services in 78 cities and towns
We continued the rollout of our 5G network expanding coverage to 78 cities and towns in Colombia. Improved network quality and speeds have contributed to an enhanced customer experience. This, in addition to our efforts to strengthen Claro’s value proposition, have enabled us to remain a net gainer in mobile number portability.
15
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Billions of COP | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 4,367 | 4,128 | 5.8% | 8,621 | 8,143 | 5.9% | ||||
| Total Service Revenue | 3,366 | 3,132 | 7.5% | 6,644 | 6,183 | 7.5% | ||||
| Wireless Revenue | 3,014 | 2,800 | 7.7% | 5,945 | 5,521 | 7.7% | ||||
| Service Revenue | 2,080 | 1,883 | 10.5% | 4,106 | 3,720 | 10.4% | ||||
| Equipment Revenue | 934 | 917 | 1.9% | 1,839 | 1,800 | 2.2% | ||||
| Fixed Line Revenue(2) | 1,312 | 1,287 | 1.9% | 2,592 | 2,548 | 1.7% | ||||
| EBITDA | 1,831 | 1,628 | 12.5% | 3,602 | 3,215 | 12.0% | ||||
| % total revenue | 41.9% | 39.4% | 41.8% | 39.5% | ||||||
| EBIT | 881 | 725 | 21.5% | 1,719 | 1,409 | 22.0% | ||||
| % total revenue | 20.2% | 17.6% | 19.9% | 17.3% | ||||||
| (1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. | ||||||||||
|
(2) Includes equipment revenue.
|
||||||||||
 |
|||||||
| 2Q26 | 2Q25 | Var.% | |||||
| Wireless Subscribers (thousands) | 40,943 | 41,685 | -1.8% | ||||
| Postpaid | 12,271 | 11,231 | 9.3% | ||||
| Prepaid | 28,673 | 30,454 | -5.8% | ||||
| ARPU (COP) | 16,218 | 15,219 | 6.6% | ||||
| Churn (%) | 4.3% | 2.6% | 1.7 | ||||
| Revenue Generating Units (RGUs)(1) | 9,756 | 9,626 | 1.3% | ||||
|
(1) Fixed-Line, Broadband and Television.
|
|||||||
16
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
PERU
173k postpaid net adds
We added 173 thousand postpaid subscribers and disconnected 72 thousand prepaid users in the period. At the end of June we had 13.3 million wireless subscribers, 3.8% more than a year earlier. Claro remained the leader in mobile number portability during the period. On the fixed-line platform we added 32 thousand RGUs—including 46 thousand broadband accesses—and reached 2.1 million fixed-line RGUs, 9.1% more than a year before.
Postpaid revenue +6.5% YoY
Revenue reached 1.9 billion soles in the second quarter, an 8.1% year-on-year increase. Service revenue grew 6.5%, compared with 4.8% in the first quarter. In the mobile segment service revenue increased 3.4%, with postpaid revenue rising 6.5%.
Broadband revenue +8.0% YoY
Fixed-line service revenue was the main driver of this acceleration, supported by broadband revenue growth of 8.0%, up from 5.9% in the prior quarter. Corporate networks revenue was also an important contributor as its revenue expanded 68.2% related to an important one-time project.
EBITDA +7.5% YoY
EBITDA rose 7.5% to 729 million soles. The EBITDA margin was 39.3% of revenue, slightly lower than in the year-ago quarter, reflecting a higher contribution from handset sales, which carry lower margins than service revenues.
17
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of Soles | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 1,854 | 1,716 | 8.1% | 3,628 | 3,371 | 7.6% | ||||
| Total Service Revenue | 1,431 | 1,344 | 6.5% | 2,820 | 2,669 | 5.7% | ||||
| Wireless Revenue | 1,466 | 1,381 | 6.2% | 2,892 | 2,711 | 6.7% | ||||
| Service Revenue | 1,060 | 1,024 | 3.4% | 2,111 | 2,034 | 3.8% | ||||
| Equipment Revenue | 407 | 357 | 14.0% | 782 | 677 | 15.5% | ||||
| Fixed Line Revenue(2) | 372 | 320 | 16.2% | 709 | 635 | 11.7% | ||||
| EBITDA | 729 | 679 | 7.5% | 1,439 | 1,336 | 7.7% | ||||
| % total revenue | 39.3% | 39.6% | 39.7% | 39.6% | ||||||
| EBIT | 398 | 358 | 11.2% | 779 | 690 | 13.0% | ||||
| % total revenue | 21.5% | 20.9% | 21.5% | 20.5% | ||||||
|
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. |
||||||||||
|
(2) Includes equipment revenue.
|
||||||||||
 |
|||||||
| 2Q26 | 2Q25 | Var.% | |||||
| Wireless Subscribers (thousands) | 13,321 | 12,832 | 3.8% | ||||
| Postpaid | 7,394 | 6,678 | 10.7% | ||||
| Prepaid | 5,927 | 6,154 | -3.7% | ||||
| ARPU (Sol) | 27 | 27 | -0.1% | ||||
| Churn (%) | 3.7% | 4.0% | (0.3) | ||||
| Revenue Generating Units (RGUs)(1) | 2,086 | 1,912 | 9.1% | ||||
|
(1) Fixed-Line, Broadband and Television.
|
|||||||
18
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
ECUADOR
72k mobile net adds
We registered net additions of 72 thousand mobile subscribers in the second quarter, including 21 thousand postpaid subscribers, bringing our wireless base to 9.7 million subscribers at the end of June. Additionally, we added 34 thousand fixed-line RGUs, including 16 thousand broadband accesses, ending the quarter with 843 thousand fixed-line accesses, 25.4% more than a year earlier.
Service revenue +2.7% YoY
Revenue increased 9.0% year-on-year to 280 million dollars in the second quarter, while service revenue rose 2.7%, up from 2.1% in the first quarter. Mobile service revenue increased 1.4%, showing signs of recovery in the prepaid segment, which grew 2.7%. Postpaid service revenue grew 0.4%, broadly in line with the pace recorded in the prior quarter. Blended ARPU grew 5.3% during the period, up from 3.8% growth in the first quarter.
Fixed-line service revenue +12.4% YoY
In the fixed-line segment performance remained strong, with service revenue rising 12.4% supported by broadband and Pay TV revenue growth of 14.4% and 26.7%, respectively.
EBITDA +10.1% YoY
Second-quarter EBITDA advanced 10.1% year-on-year to 140 million dollars. The EBITDA margin reached 49.9% of revenue, 50 basis points more than a year earlier. It is worth noting that Ecuador posted strong handset sales growth during the quarter, up 17.7% year-on-year. Since handsets carry lower margins than service revenues, this partially limited EBITDA margin expansion.
20 cities with our 5G network
We continued expanding our 5G network during the quarter, reaching 20 cities and improving speeds, service quality and the overall customer experience.
19
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of USD | ||||||||||
| 2Q26 | 2Q25 | Var.% |
Jan-Jun
26
|
Jan-Jun
25
|
Var.% | |||||
| Total Revenue(1) | 280 | 257 | 9.0% | 540 | 512 | 5.6% | ||||
| Total Service Revenue | 234 | 228 | 2.7% | 462 | 451 | 2.4% | ||||
| Wireless Revenue | 236 | 228 | 3.4% | 465 | 454 | 2.4% | ||||
| Service Revenue | 203 | 200 | 1.4% | 401 | 397 | 1.0% | ||||
| Equipment Revenue | 33 | 28 | 17.6% | 64 | 57 | 11.9% | ||||
| Fixed Line Revenue(2) | 32 | 29 | 12.7% | 63 | 56 | 12.8% | ||||
| EBITDA | 140 | 127 | 10.1% | 271 | 251 | 7.9% | ||||
| % total revenue | 49.9% | 49.4% | 50.1% | 49.1% | ||||||
| EBIT | 88 | 71 | 24.6% | 167 | 139 | 20.6% | ||||
| % total revenue | 31.4% | 27.5% | 31.0% | 27.1% | ||||||
|
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2) Includes equipment revenue.
|
||||||||||
 |
||||||||||
| 2Q26 | 2Q25 | Var.% | ||||||||
| Wireless Subscribers (thousands) | 9,687 | 9,996 | -3.1% | |||||||
| Postpaid | 2,378 | 2,310 | 2.9% | |||||||
| Prepaid | 7,309 | 7,686 | -4.9% | |||||||
| ARPU (USD) | 7 | 7 | 5.3% | |||||||
| Churn (%) | 5.5% | 5.4% | 0.1 | |||||||
| Revenue Generating Units (RGUs)(1) | 843 | 672 | 25.4% | |||||||
|
(1) Fixed-Line, Broadband and Television.
|
||||||||||
20
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
|
ARGENTINA
All comments for Argentina related to annual variations of the presented period refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29.
154k postpaid net adds We added 154 thousand postpaid subscribers in the second quarter while disconnecting 1.5 million prepaid subscribers after a subscriber clean-up for a net loss of 1.3 million wireless subscribers. At the end of June our wireless base stood at 26.4 million subscribers.
60k new broadband accesses Fixed-line net additions totaled 161 thousand RGUs, including 60 thousand new broadband accesses and 43 thousand Pay TV units, bringing our fixed-line base to 4.4 million RGUs at the end of June, 14.3% above the level recorded a year earlier.
Service revenue +9.3% YoY Revenue for the period increased 8.6% year-on-year supported by service revenue growth of 9.3%. In the wireless segment service revenue growth accelerated from 9.6% in the first quarter to 12.0% in the current period, with improvements in both postpaid and prepaid revenues. In the fixed-line segment service revenue declined 1.5% year-on-year as a result of strong commercial activity and competitive promotions.
EBITDA +22.2% YoY EBITDA jumped 22.2% year-on-year to 427 billion Argentinean pesos, and the EBITDA margin expanded by 4.7 percentage points to 42.7% of revenue.
|
21
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
|
Millions of Constant ARS as of June 2026 |
||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 999,073 | 919,802 | 8.6% | 1,975,715 | 1,836,198 | 7.6% | ||||
| Total Service Revenue | 905,568 | 828,284 | 9.3% | 1,781,423 | 1,644,480 | 8.3% | ||||
| Wireless Revenue | 836,257 | 754,353 | 10.9% | 1,651,751 | 1,508,280 | 9.5% | ||||
| Service Revenue | 744,520 | 664,743 | 12.0% | 1,460,043 | 1,319,280 | 10.7% | ||||
| Equipment Revenue | 91,737 | 89,610 | 2.4% | 191,708 | 189,000 | 1.4% | ||||
| Fixed Line Revenue(2) | 161,048 | 163,540 | -1.5% | 321,379 | 325,200 | -1.2% | ||||
| EBITDA | 427,030 | 349,489 | 22.2% | 818,202 | 689,563 | 18.7% | ||||
| % total revenue | 42.7% | 38.0% | 41.4% | 37.6% | ||||||
| EBIT | 380,809 | 310,514 | 22.6% | 726,664 | 614,060 | 18.3% | ||||
| % total revenue | 38.1% | 33.8% | 36.8% | 33.4% | ||||||
|
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2) Includes equipment revenue. |
||||||||||
 |
|||||||
|
2Q26 |
2Q25 |
Var.% |
|||||
| Wireless Subscribers (thousands) | 26,401 | 26,679 | -1.0% | ||||
| Postpaid | 10,447 | 9,937 | 5.1% | ||||
| Prepaid | 15,954 | 16,742 | -4.7% | ||||
| ARPU (ARS) | 8,827 | 6,171 | 43.0% | ||||
| Churn (%) | 3.1% | 1.1% | 2.0 | ||||
|
Revenue Generating Units (RGUs)(1) |
4,411 | 3,858 | 14.3% | ||||
|
(1) Fixed-Line, Broadband and Television. |
|||||||
22
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
SOUTHERN CONE (CHILE, PARAGUAY & URUGUAY)
82k postpaid net adds
Our operations in the region added 104 thousand wireless subscribers, including 82 thousand postpaids, bringing our combined wireless base to 8.6 million subscribers at the end of the quarter.
In the fixed-line segment we recorded net disconnections of 29 thousand RGUs, most of them Pay TV units, while only 2 thousand corresponded to broadband disconnections. The latter reflects our retention efforts for broadband accesses in Chile. At the end of the quarter we had 3.1 million fixed-line RGUs in the block.
Mobile service revenue +13.8% YoY
Revenue increased 9.6% year-on-year to 354 billion Chilean pesos, with service revenue rising 5.6%. In the mobile segment we continued to deliver strong performance, with service revenue increasing 13.8% year-on-year. In the fixed-line segment service revenue declined 1.0%. Our efforts to reduce broadband churn in Chile allowed us to accelerate revenue growth in this business line to 8.3% in the region, up from 2.0% in the first quarter.
EBITDA +48.9% YoY
EBITDA continued to show strong improvement in the second quarter, increasing 48.9% year-on-year. This figure partly reflects a positive one-off, in the absence of which it would have risen 23.9%.
23
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of Chilean Pesos | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 |
Jan-Jun
25
|
Var.% | |||||
| Total Revenue(2) | 353,985 | 323,037 | 9.6% | 748,171 | 638,384 | 17.2% | ||||
| Total Service Revenue | 294,654 | 279,129 | 5.6% | 589,117 | 556,361 | 5.9% | ||||
| EBITDA | 93,019 | 62,453 | 48.9% | 210,711 | 123,131 | 71.1% | ||||
| % total revenue | 26.3% | 19.3% | 28.2% | 19.3% | ||||||
| EBIT | -31,005 | -83,761 | 63.0% | -44,292 | -171,312 | 74.1% | ||||
| % total revenue | -8.8% | -25.9% | -5.9% | -26.8% | ||||||
|
(1) Southern Cone includes Chile, Paraguay and Uruguay (2) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. |
||||||||||
 |
||||||||||
| 2Q26 | 2Q25 | Var.% | ||||||||
| Wireless Subscribers (thousands) | 8,642 | 8,794 | -1.7% | |||||||
| Postpaid | 5,314 | 4,921 | 8.0% | |||||||
| Prepaid | 3,329 | 3,873 | -14.1% | |||||||
| ARPU (CLP) | 5,448 | 4,563 | 19.4% | |||||||
| Churn (%) | 5.5% | 5.5% | 0.0 | |||||||
| Revenue Generating Units (RGUs)(1) | 3,104 | 3,273 | -5.2% | |||||||
| (1) Fixed-Line, Broadband and Television. | ||||||||||
24
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
CENTRAL AMERICA & THE CARIBBEAN
126k postpaid net adds
We registered combined net additions of 360 thousand subscribers in the quarter, of which 126 thousand were postpaid subscribers. We ended June with a total subscriber base of 26.4 million, 5.2% higher than a year earlier.
62k new broadband accesses
In the fixed-line segment net additions totaled 121 thousand RGUs, comprising 62 thousand broadband accesses and 26 thousand Pay TV units. Our fixed-line base reached 8.6 million RGUs, 6.9% higher than a year earlier.
Mobile service revenue +9.3% YoY
Revenue increased 7.6% year-on-year in the second quarter to 1.3 billion dollars. Service revenue growth accelerated across both our Central American operations and the Caribbean markets, rising 7.9%, up from 6.4% in the first quarter. Mobile service revenue grew 9.3%, compared with 8.4% in the prior quarter, reflecting strong trends in both the postpaid and prepaid segments. In the fixed-line business, service revenue growth accelerated to 5.3% from 2.9% in the first quarter, supported by strong broadband revenue performance and a turnaround in corporate networks revenue—particularly in the Dominican Republic.
EBITDA +12.5% YoY
EBITDA grew 12.5% year-on-year to 581 million dollars, driven by strong top-line growth and continued cost-control efforts. The EBITDA margin expanded by 1.9 percentage points over the past twelve months to 45.0% of revenue.
25
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of Dollars | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 1,292 | 1,200 | 7.6% | 2,542 | 2,376 | 7.0% | ||||
| Total Service Revenue | 1,148 | 1,064 | 7.9% | 2,258 | 2,107 | 7.2% | ||||
| Wireless Revenue | 890 | 823 | 8.2% | 1,755 | 1,625 | 8.0% | ||||
| Service Revenue | 754 | 690 | 9.3% | 1,483 | 1,362 | 8.8% | ||||
| Equipment Revenue | 136 | 133 | 2.4% | 273 | 263 | 3.7% | ||||
| Fixed Line Revenue(2) | 399 | 376 | 6.1% | 784 | 749 | 4.6% | ||||
| EBITDA | 581 | 517 | 12.5% | 1,129 | 1,018 | 10.9% | ||||
| % total revenue | 45.0% | 43.1% | 44.4% | 42.8% | ||||||
| EBIT | 306 | 260 | 17.8% | 582 | 511 | 13.9% | ||||
| % total revenue | 23.7% | 21.7% | 22.9% | 21.5% | ||||||
|
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2) Includes equipment revenue. |
||||||||||
 |
||||||||||
| 2Q26 | 2Q25 | Var.% | ||||||||
| Wireless Subscribers (thousands) | 26,426 | 25,109 | 5.2% | |||||||
| Postpaid | 6,042 | 5,539 | 9.1% | |||||||
| Prepaid | 20,385 | 19,571 | 4.2% | |||||||
| ARPU (USD) | 10 | 9 | 6.3% | |||||||
| Churn (%) | 4.3% | 5.2% | (0.9) | |||||||
| Revenue Generating Units (RGUs)(1) | 8,648 | 8,092 | 6.9% | |||||||
| (1) Fixed-Line, Broadband and Television. | ||||||||||
26
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
AUSTRIA & EASTERN EUROPE
21k new broadband accesses
Mobile net additions topped one million subscribers during the quarter, substantially all M2M units. Our wireless base reached 32.1 million subscribers at the end of June, representing a 13.5% year-on-year increase. In addition, we connected 21 thousand broadband accesses and 42 thousand Pay TV units, bringing our total fixed-line base to 6.5 million RGUs.
Service revenue +3.5% YoY
Revenue for the group increased 4.2% year-on-year to 1.4 billion euros, with service revenue growing 3.5%. Mobile service revenue expanded 2.3% and fixed-line revenue accelerated to 4.9%, compared with 3.4% in the prior quarter. The improvement was driven by corporate revenue growth, which rose 11.5%, and a turnaround in broadband revenue, which increased 6.5%. Broadband performance benefited from sustained commercial efforts aimed at retaining and upselling customers, supported by continued fiber deployments and the expansion of value-added services.
EBITDA +4.0% YoY
EBITDA for the period increased 4.0% year-on-year to 543 million euros, and the EBITDA margin stood at 38.0%. The margin remained flat compared with the same period last year despite the acceleration in revenue growth, reflecting higher handset sales and the lower margins associated with that business line.
27
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
PERU
ECUADOR
ARGENTINA
SOUTHERN CONE
CENTRAL AMERICA & THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
 |
||||||||||
| Millions of Euros | ||||||||||
| 2Q26 | 2Q25 | Var.% | Jan-Jun 26 | Jan-Jun 25 | Var.% | |||||
| Total Revenue(1) | 1,429 | 1,370 | 4.2% | 2,795 | 2,685 | 4.1% | ||||
| Total Service Revenue | 1,185 | 1,145 | 3.5% | 2,328 | 2,253 | 3.3% | ||||
| Wireless Revenue | 839 | 810 | 3.6% | 1,645 | 1,587 | 3.7% | ||||
| Service Revenue | 657 | 642 | 2.3% | 1,290 | 1,257 | 2.6% | ||||
| Equipment Revenue | 182 | 168 | 8.6% | 355 | 330 | 7.6% | ||||
| Fixed Line Revenue(2) | 566 | 536 | 5.7% | 1,106 | 1,055 | 4.9% | ||||
| EBITDA | 543 | 521 | 4.0% | 1,044 | 999 | 4.4% | ||||
| % total revenue | 38.0% | 38.0% | 37.3% | 37.2% | ||||||
| EBIT | 238 | 217 | 9.5% | 436 | 401 | 8.9% | ||||
| % total revenue | 16.6% | 15.8% | 15.6% | 14.9% | ||||||
|
For further detail please visit www.a1.group/en/investor-relations (1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2) Includes equipment revenue. |
||||||||||
 |
||||||||||
| 2Q26 | 2Q25 | Var.% | ||||||||
| Wireless Subscribers (thousands) | 32,122 | 28,306 | 13.5% | |||||||
| Postpaid | 28,628 | 24,701 | 15.9% | |||||||
| Prepaid | 3,494 | 3,605 | -3.1% | |||||||
| A1 Digital Subscribers (thousands) | 11,281 | 7,923 | 42.4% | |||||||
| ARPU (EUR) | 7 | 8 | -9.2% | |||||||
| Churn (%) | 0.9% | 1.0% | -0.1 | |||||||
| Revenue Generating Units (RGUs)(1) | 6,540 | 6,395 | 2.3% | |||||||
|
|
||||||||||
28
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
CENTRAL AMERICA
OTHER SOUTHAMERICA
SOUTHERN CONE
THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES APPENDIX
GLOSSARY |
 |
||||||||||
| 2Q26 | 2Q25 | Var.% |
Jan-Jun
26
|
Jan-Jun
25
|
Var.% | |||||
| Euro | ||||||||||
| End of Period | 0.0501 | 0.0449 | 11.6% | 0.0501 | 0.0449 | 11.6% | ||||
| Average | 0.0494 | 0.0451 | 9.7% | 0.0491 | 0.0458 | 7.2% | ||||
| USD | ||||||||||
| End of Period | 0.0572 | 0.0529 | 8.1% | 0.0572 | 0.0529 | 8.1% | ||||
| Average | 0.0575 | 0.0511 | 12.4% | 0.0572 | 0.0500 | 14.4% | ||||
| Brazilian Real | ||||||||||
| End of Period | 0.2963 | 0.2888 | 2.6% | 0.2963 | 0.2888 | 2.6% | ||||
| Average | 0.2903 | 0.2899 | 0.1% | 0.2952 | 0.2882 | 2.4% | ||||
| Argentinean Peso | ||||||||||
| End of Period | 84.8311 | 63.7809 | 33.0% | 84.8311 | 63.7809 | 33.0% | ||||
| Average | 81.0442 | 58.8145 | 37.8% | 80.9259 | 55.1953 | 46.6% | ||||
| Chilean Peso | ||||||||||
| End of Period | 52.7882 | 49.4061 | 6.8% | 52.7882 | 49.4061 | 6.8% | ||||
| Average | 51.7051 | 48.4359 | 6.7% | 51.1088 | 47.8081 | 6.9% | ||||
| Colombian Peso | ||||||||||
| End of Period | 197.1145 | 215.4085 | -8.5% | 197.1145 | 215.4085 | -8.5% | ||||
| Average | 207.5094 | 214.4929 | -3.3% | 209.1511 | 209.8237 | -0.3% | ||||
| Guatemalan Quetzal | ||||||||||
| End of Period | 0.4361 | 0.4067 | 7.2% | 0.4361 | 0.4067 | 7.2% | ||||
| Average | 0.4383 | 0.3930 | 11.5% | 0.4375 | 0.3851 | 13.6% | ||||
| Peruvian Sol | ||||||||||
| End of Period | 0.1955 | 0.1878 | 4.1% | 0.1955 | 0.1878 | 4.1% | ||||
| Average | 0.1973 | 0.1872 | 5.4% | 0.1953 | 0.1842 | 6.0% | ||||
| Dominican Republic Peso | ||||||||||
| End of Period | 3.4098 | 3.1726 | 7.5% | 3.4098 | 3.1726 | 7.5% | ||||
| Average | 3.4295 | 3.0518 | 12.4% | 3.4852 | 3.0532 | 14.1% | ||||
29
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
CENTRAL AMERICA
OTHER SOUTHAMERICA
SOUTHERN CONE
THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES APPENDIX
GLOSSARY |
 |
||||||||||
| 2Q26 | 2Q25 | Var.% |
Jan-Jun
26
|
Jan-Jun
25
|
Var.% | |||||
| Euro | ||||||||||
| End of Period | 0.8755 | 0.8484 | 3.2% | 0.8755 | 0.8484 | 3.2% | ||||
| Average | 0.8604 | 0.8813 | -2.4% | 0.8573 | 0.9146 | -6.3% | ||||
| Mexican Peso | ||||||||||
| End of Period | 17.4700 | 18.8928 | -7.5% | 17.4700 | 18.8928 | -7.5% | ||||
| Average | 17.4032 | 19.5585 | -11.0% | 17.4733 | 19.9915 | -12.6% | ||||
| Brazilian Real | ||||||||||
| End of Period | 5.1766 | 5.4571 | -5.1% | 5.1766 | 5.4571 | -5.1% | ||||
| Average | 5.0514 | 5.6693 | -10.9% | 5.1576 | 5.7610 | -10.5% | ||||
| Argentinean Peso | ||||||||||
| End of Period | 1,482.0000 | 1,205.0000 | 23.0% | 1,482.0000 | 1,205.0000 | 23.0% | ||||
| Average | 1,410.4272 | 1,150.3253 | 22.6% | 1,414.0437 | 1,103.4347 | 28.1% | ||||
| Chilean Peso | ||||||||||
| End of Period | 922.2100 | 933.4200 | -1.2% | 922.2100 | 933.4200 | -1.2% | ||||
| Average | 899.8323 | 947.3348 | -5.0% | 893.0393 | 955.7528 | -6.6% | ||||
| Colombian Peso | ||||||||||
| End of Period | 3,443.5900 | 4,069.6700 | -15.4% | 3,443.5900 | 4,069.6700 | -15.4% | ||||
| Average | 3,611.3237 | 4,195.1642 | -13.9% | 3,654.5618 | 4,194.6825 | -12.9% | ||||
| Guatemalan Quetzal | ||||||||||
| End of Period | 7.6181 | 7.6845 | -0.9% | 7.6181 | 7.6845 | -0.9% | ||||
| Average | 7.6278 | 7.6869 | -0.8% | 7.6449 | 7.6995 | -0.7% | ||||
| Peruvian Sol | ||||||||||
| End of Period | 3.4150 | 3.5490 | -3.8% | 3.4150 | 3.5490 | -3.8% | ||||
| Average | 3.4336 | 3.6605 | -6.2% | 3.4130 | 3.6826 | -7.3% | ||||
| Dominican Republic Peso | ||||||||||
| End of Period | 59.5700 | 59.9400 | -0.6% | 59.5700 | 59.9400 | -0.6% | ||||
| Average | 59.6840 | 59.6886 | 0.0% | 60.8981 | 61.0381 | -0.2% | ||||
30
|
CONTENT
HIGHLIGHTS RELEVANT SUBSCRIBERS AMÉRICA MEXICO BRAZIL COLOMBIA CENTRAL OTHER SOUTHERN CONE THE CARIBBEAN AUSTRIA AND CURRENCY APPENDIX GLOSSARY |
Appendix
The following table reconciles net cash flows provided by operating activities (an IFRS measure) to free cash flow (a non-IFRS measure). Our management defines free cash flow as funds from operations less capital expenditures. Funds from operations are calculated by subtracting payments of lease liabilities and net interest paid, and adding employee benefits, investing activities and others to net cash flows from operating activities.
 |
||||||
| Millions of Mexican pesos | ||||||
| Jan-Jun 26 | Jan-Jun 25 | |||||
| Net cash flows from operating activities (IFRS measure) | 122,799 | 111,204 | ||||
| (-) Payments of lease liabilities | -26,425 | -25,993 | ||||
| (-) Net interest paid | -15,055 | -16,237 | ||||
| (+) Employee benefits | 8,402 | 2,717 | ||||
|
(+) Investing activities (Derivative instruments, other investments) and other |
1,412 | 3,281 | ||||
| Funds from Operations | 91,133 | 74,972 | ||||
| (-) Capital Expenditures | -48,112 | -54,919 | ||||
| Free Cash Flow (non-IFRS measure) | 43,021 | 20,054 | ||||
Free cash flow is presented as a supplemental non-IFRS measure because management believes that it provides additional perspective and useful insight into the Company’s ability to generate cash after excluding the adjusted items, including necessary capital expenditures. This non-IFRS measure should not be considered superior to, a substitute for or an alternative to, and should be considered in conjunction with the IFRS measure presented herein.
31
|
CONTENT
HIGHLIGHTS RELEVANT SUBSCRIBERS AMÉRICA MEXICO BRAZIL COLOMBIA CENTRAL OTHER SOUTHERN CONE THE CARIBBEAN AUSTRIA AND CURRENCY APPENDIX GLOSSARY |
 |
||||||
| Millions of Mexican pesos | ||||||
| Jun - 26 | Dec - 25 | |||||
| Peso - denominated debt (MXP) | 128,181 | 136,982 | ||||
| Bonds(2) | 128,181 | 132,982 | ||||
| Banks and others | 0 | 4,000 | ||||
| U.S. Dollar - denominated debt (USD) | 9,001 | 9,389 | ||||
| Bonds | 9,001 | 9,114 | ||||
| Banks and others | 0 | 275 | ||||
| Euro - denominated debt (EUR) | 3,432 | 3,885 | ||||
| Bonds | 3,432 | 3,432 | ||||
| Commercial Paper | 0 | 453 | ||||
| Banks and others | 0 | 0 | ||||
| Sterling - denominated debt (GBP) | 2,200 | 2,200 | ||||
| Bonds | 2,200 | 2,200 | ||||
| Reais - denominated debt (BRL) | 10,000 | 8,500 | ||||
| Bonds | 10,000 | 8,500 | ||||
| Banks and others | 0 | 0 | ||||
| Debt denominated in other currencies (MxP)(3) | 38,290 | 56,342 | ||||
| Bonds | 5,264 | 5,424 | ||||
| Banks and others | 33,027 | 50,917 | ||||
| Total Debt (MxP) | 476,927 | 524,907 | ||||
| Cash, Marketable Securities and Short Term Financial Investments (MxP)(4) | 75,943 | 77,384 | ||||
| Net Debt (MxP) | 400,984 | 447,522 | ||||
|
(1) This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria. (2) Includes the effect of inflation-linked debt. (3) Includes Chilean peso, Colombian peso, Dominican peso, Japanese yen and Peruvian soles. (4) Includes investments in securities available for sale. |
||||||
32
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
CENTRAL AMERICA
OTHER SOUTHAMERICA
SOUTHERN CONE
THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
Glossary of Terms
ARPU
Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.
Capex
Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
Churn
Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.
EBIT
Earnings Before Interest and Taxes, also known as Operating Profit.
EBIT margin
The ratio of EBIT to total operating revenue
EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization.
EBITDAaL
Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.
EBITDA margin
The ratio of EBITDA to total operating revenue.
EPS (Mexican pesos)
Earnings per share. Total earnings in Mexican pesos divided by total shares.
Earnings per ADR (US$)
Total earnings in U.S. dollars divided by total ADRs equivalent.
Gross additions
Total number of subscribers acquired during the period.
33
|
|
CONTENT
HIGHLIGHTS
RELEVANT EVENTS
SUBSCRIBERS
AMÉRICA MÓVIL CONSOLIDATED
MEXICO
BRAZIL
COLOMBIA
CENTRAL AMERICA
OTHER SOUTHAMERICA
SOUTHERN CONE
THE CARIBBEAN
AUSTRIA AND EASTERN EUROPE
CURRENCY EXCHANGE RATES
APPENDIX
GLOSSARY |
Licensed pops
Licensed population. Population covered by the licenses that each of the companies manage.
Market share
A company’s subscribers base divided by the total number of subscribers in that country.
MBOU
Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
Net subscriber additions
The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections
Net debt
Total short and long term debt minus cash and marketable securities.
Net debt/EBITDA
The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.
Prepaid
Subscriber that may recharge a mobile phone. The client does not hold a contract with the company.
Postpaid
Subscriber that has a contract for the use of voice and data, mobile WiFi routers and machine-to-machine devices.
SAC
Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenue.
Wireless penetration
The ratio of total wireless subscribers in any given country divided by the total population in that country.
34
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 23, 2026
AMÉRICA MÓVIL, S.A.B. DE C.V.
By: /s/ Carlos José García Moreno Elizondo
Name: Carlos José García Moreno Elizondo
Title: Chief Financial Officer