[6-K] AMERICA MOVIL SAB DE CV/ Current Report (Foreign Issuer)
Rhea-AI Filing Summary
América Móvil reported stronger 3Q25 results, led by steady service growth and lower financing costs. Revenue reached Mex$232.9 billion (up 4.2% in pesos; 6.2% at constant FX) and service revenue rose at the same 6.2% constant-rate pace. EBITDA was Mex$93.8 billion (up 4.9%), holding a 40.3% margin.
Net income jumped to Mex$22.7 billion (EPS Mex$0.38; ADR US$0.40) as comprehensive financing costs fell by more than half. For the first nine months, operating cash flow totaled Mex$137.9 billion and free cash flow was Mex$53.0 billion, up 47% year over year, after Mex$84.9 billion of capex. Net debt ended at Mex$454 billion, or 1.55x Net Debt/LTM EBITDAaL.
The company placed a €650 million, 5‑year bond at a 3% coupon to refinance euro commercial paper. Commercially, it added 3.1 million postpaid subscribers and 526 thousand broadband accesses in the quarter, ending with 407.6 million total accesses, including 140 million postpaid and 79 million fixed-line RGUs.
Positive
- Net income surged to Mex$22.7B vs. Mex$6.4B a year ago, driven by lower financing costs
- Free cash flow rose 47.0% YoY to Mex$53.0B for Jan–Sep 2025
- Net debt reduced to Mex$454B with leverage at 1.55x Net Debt/LTM EBITDAaL
- €650M 5-year bond at 3% coupon extends euro funding and refinances commercial paper
Negative
- None.
Insights
Solid quarter: higher service growth, big FCF, lower leverage.
América Móvil delivered balanced top-line and margin performance. Total revenue reached
Earnings benefited from financing dynamics: comprehensive financing cost declined, lifting net income to
Leverage improved to
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Form 20-F ☒
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Form 40-F ☐
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We added just over three million postpaid clients in the third quarter with Brazil contributing 1.5 million, followed by Colombia with 251 thousand, Peru with 198 thousand; and Mexico with 98
thousand. On the prepaid platform we recorded net disconnections of 31 thousand, resulting from losses in Brazil, Ecuador and Chile, which offset net subscriber additions obtained in several countries including Argentina 253
thousand, Colombia 237 thousand, and Mexico 136 thousand.
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In the fixed-line segment we gained 526 thousand broadband accesses, including 211 thousand in Mexico, 86 thousand in Brazil, 56 thousand in Argentina and 51 thousand in Colombia.
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Third quarter revenues totaled 232.9 billion Mexican pesos. They were up 4.2% in Mexican peso terms and 6.2% at constant exchange rates, with service revenue also expanding at the 6.2% pace.
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Mobile service revenue growth accelerated to a 7.1% pace at constant exchange rates on the back of stronger prepaid revenue growth: 3.9% vs. 3.1% in the second quarter.
Postpaid revenue climbed 9.1%.
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On the fixed-line platform service revenue increased 4.7% at constant exchange rates having decelerated on account of a reduction in the rate of growth of corporate networks revenue.
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EBITDA totaled 93.8 billion Mexican pesos and was up 4.9% in Mexican peso terms and 6.8% at constant exchange rates from the year-earlier quarter—adjusting for tower sales a year ago—, with
the EBITDA margin remaining practically unchanged at 40.3%.
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Our operating profit came in at 50.1 billion Mexican pesos and was up 5.6% in nominal terms and 6.4% at constant exchange rates. With our comprehensive financing costs roughly cut in half
compared to those of the year-earlier quarter, our net income totaled 22.7 billion Mexican pesos.
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In the nine months to September our free cash flow allowed us to cover 28.6 billion pesos of shareholders distributions—including 10.8 billion pesos in share buybacks—
increase our equity investments by 1.0 billion pesos; fund 10.0 billion pesos of the labor obligation amount due this year; and reduce our net debt by 15.7 billion pesos.
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At the end of September our net debt (excluding leases) stood at 454 billion pesos and was equivalent to 1.55 times Net Debt/LTM EBITDAaL.
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Subscribers
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América
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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We will host our conference call to discuss 3Q25 financial and operating results on October 15th at 9:00 am Mexico City time. To
access the call please log on to www.americamovil.com/investors
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América Móvil Fundamentals
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3Q25
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3Q24
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Earnings per Share (Mex$) (1)
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0.38
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0.10
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Earning per ADR (US$) (2)
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0.40
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0.11
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EBITDA per Share (Mex$) (3)
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1.55
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1.45
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EBITDA per ADR (US$)
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1.67
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1.54
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Net Income (millions of Mex$)
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22,700
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6,427
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Average Shares Outstanding (billion)
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60.4
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61.5
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Shares Outstanding End of Period (billion)
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60.3
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61.4
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(1) Net Income / Average Shares Outstanding
(2) 20 shares per ADR
(3) EBITDA / Average Shares Outstanding
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América Móvil’s Subsidiaries as of September 2025
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Country
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Brand
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Main Activity
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Equity
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Mexico
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Telcel
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wireless
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100.0%
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Telmex
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wireline
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100.0%
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Argentina
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Claro
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wireless/wireline
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100.0%
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Austria
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A1
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wireless/wireline
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60.8%
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EuroTeleSites
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towers
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57.0%
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Brazil
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Claro
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wireless/wireline
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99.6%
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Chile
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Claro
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wireless/wireline
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100.0%
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Colombia
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Claro
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wireless/wireline
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99.4%
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Costa Rica
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Claro
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wireless/wireline
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100.0%
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The Dominican Republic
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Claro
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wireless/wireline
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100.0%
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Ecuador
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Claro
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wireless/wireline
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100.0%
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El Salvador
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Claro
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wireless/wireline
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97.8%
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Guatemala
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Claro
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wireless/wireline
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99.3%
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Honduras
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Claro
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wireless/wireline
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100.0%
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Nicaragua
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Claro
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wireless/wireline
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99.6%
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Paraguay
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Claro
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wireless/wireline
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100.0%
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Peru
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Claro
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wireless/wireline
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100.0%
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Puerto Rico
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Claro
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wireless/wireline
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100.0%
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Uruguay
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Claro
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wireless
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100.0%
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Content
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Highlights
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Relevant
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events
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Subscribers
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América
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
America
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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Content
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América
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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Wireless subscribers as of September 2025
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Total(1) (Thousands)
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Country
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Sep '25
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Jun '25
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Var.%
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Sep '24
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Var.%
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Argentina
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27,073
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26,679
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1.5%
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25,621
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5.7%
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Austria and Eastern Europe (2)
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29,289
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28,306
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3.5%
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26,666
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9.8%
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Brazil
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89,261
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88,412
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1.0%
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88,276
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1.1%
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Central America
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17,101
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16,952
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0.9%
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16,969
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0.8%
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Caribbean
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8,007
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7,955
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0.7%
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7,836
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2.2%
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Colombia
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42,165
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41,677
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1.2%
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40,597
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3.9%
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Ecuador
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9,677
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9,996
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-3.2%
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9,689
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-0.1%
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Mexico
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84,345
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84,110
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0.3%
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84,171
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0.2%
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Peru
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13,067
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12,793
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2.1%
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12,772
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2.3%
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Southern Cone (3)
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8,771
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8,776
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-0.1%
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9,142
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-4.1%
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Total Wireless Lines
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328,755
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325,656
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1.0%
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321,740
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2.2%
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(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.
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(2) Includes A1 Digital M2M subscribers.
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(3) Includes Chile, Paraguay and Uruguay.
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Fixed-Line and Other Accesses (RGUs) as of September 2025
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Total(1) (Thousands)
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Country
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Sep '25
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Jun '25
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Var.%
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Sep '24
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Var.%
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Argentina
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3,983
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3,858
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3.2%
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3,571
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11.5%
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Austria and Eastern Europe
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6,412
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6,395
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0.3%
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6,293
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1.9%
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Brazil
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21,867
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22,032
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-0.7%
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22,509
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-2.9%
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Central America
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5,540
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5,417
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2.3%
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5,120
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8.2%
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Caribbean
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2,895
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2,878
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0.6%
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2,829
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2.3%
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Colombia
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9,653
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9,634
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0.2%
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9,561
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1.0%
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Ecuador
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733
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672
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9.1%
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579
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26.6%
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Mexico
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22,545
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22,327
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1.0%
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21,815
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3.3%
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Peru
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1,988
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1,952
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1.9%
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1,948
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2.1%
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Southern Cone (2)
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3,235
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3,291
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-1.7%
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3,481
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-7.1%
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Total RGUSs
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78,852
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78,457
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0.5%
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77,704
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1.5%
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(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.
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Content
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Highlights
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Relevant
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events
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Subscribers
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América
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
America
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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Broadband accesses as of September 2025
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Total(1) (Thousands)
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Country
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Sep ’25
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Jun ’25
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Var.%
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Sep ’24
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Var.%
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Argentina
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1,665
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1,609
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3.5%
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1,478
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12.6%
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Austria and Eastern Europe
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2,852
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2,833
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0.7%
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2,769
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3.0%
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Brazil
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10,530
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10,444
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0.8%
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10,204
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3.2%
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Central America
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1,844
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1,788
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3.1%
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1,645
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12.1%
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Caribbean
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1,130
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1,117
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1.2%
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1,076
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5.1%
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Colombia
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3,519
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3,467
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1.5%
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3,421
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2.8%
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Ecuador
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407
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382
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6.6%
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344
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18.2%
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Mexico
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11,816
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11,605
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1.8%
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11,077
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6.7%
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Peru
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1,112
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1,089
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2.1%
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1,048
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6.1%
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Southern Cone(2)
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1,573
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1,587
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-0.9%
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1,631
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-3.6%
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Total Broadband Accesses
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36,447
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35,921
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1.5%
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34,694
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5.1%
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(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.
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Content
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Highlights
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Relevant
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events
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Subscribers
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América
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
America
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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Content
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Highlights
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Relevant
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events
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Subscribers
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América
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![]() |
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
America
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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Content
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Highlights
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Relevant
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events
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Subscribers
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América
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![]() |
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Móvil
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Consolidated
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Mexico
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Brazil
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Colombia
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Central
America
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Other South
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America
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Southern
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Cone
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The
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Caribbean
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Austria and
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Eastern
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Europe
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Currency
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Exchange
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Rates
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Appendix
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Glossary
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América Móvil’s Income Statement
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Millions of Mexican pesos
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|||||||
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3Q25
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3Q24
|
Var.%
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Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
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Service Revenue
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196,307
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188,170
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4.3%
|
592,770
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534,198
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11.0%
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Equipment Revenue
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34,083
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32,247
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5.7%
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98,761
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90,260
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9.4%
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Other Revenue
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2,528
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3,041
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-16.9%
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7,211
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7,822
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-7.8%
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Total Revenue
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232,919
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223,458
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4.2%
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698,741
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632,280
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10.5%
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Cost of Service
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57,390
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56,611
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1.4%
|
176,683
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160,684
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10.0%
|
|
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Cost of Equipment
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29,917
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28,125
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6.4%
|
86,222
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77,856
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10.7%
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|
|
Selling, General & Administrative Expenses
|
50,173
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47,364
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5.9%
|
153,971
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135,654
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13.5%
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Others
|
1,617
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1,937
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-16.5%
|
4,584
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4,966
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-7.7%
|
|
|
Total Costs and Expenses
|
139,096
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134,036
|
3.8%
|
421,461
|
379,160
|
11.2%
|
|
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EBITDA
|
93,823
|
89,422
|
4.9%
|
277,280
|
253,120
|
9.5%
|
|
|
% of Total Revenue
|
40.3%
|
40.0%
|
39.7%
|
40.0%
|
|||
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Adjusted EBITDA (1)
|
93,823
|
89,154
|
5.2%
|
277,280
|
252,597
|
9.8%
|
|
|
% of Total Revenue
|
40.3%
|
39.9%
|
39.7%
|
40.0%
|
|||
|
Depreciation & Amortization
|
43,699
|
41,979
|
4.1%
|
135,005
|
119,411
|
13.1%
|
|
|
EBIT
|
50,123
|
47,443
|
5.6%
|
142,275
|
133,709
|
6.4%
|
|
|
% of Total Revenue
|
21.5%
|
21.2%
|
20.4%
|
21.1%
|
|||
|
Net Interest Expenses
|
13,290
|
11,464
|
15.9%
|
39,726
|
34,410
|
15.4%
|
|
|
Other Financial Expenses
|
5,910
|
-7,722
|
176.5%
|
10,426
|
-10,541
|
198.9%
|
|
|
Foreign Exchange Loss
|
-6,301
|
24,582
|
-125.6%
|
-16,084
|
58,373
|
-127.6%
|
|
|
Comprehensive Financing Cost (Income)
|
12,899
|
28,323
|
-54.5%
|
34,068
|
82,241
|
-58.6%
|
|
|
Income & Deferred Taxes
|
12,863
|
9,622
|
33.7%
|
40,577
|
25,061
|
61.9%
|
|
|
Net Income before Minority Interest and Equity Participation in Results of Affiliates
|
24,361
|
9,498
|
156.5%
|
67,631
|
26,407
|
156.1%
|
|
|
Equity Participation in Results of Affiliates
|
40
|
-1,647
|
102.4%
|
106
|
-4,372
|
102.4%
|
|
|
Minority Interest
|
-1,701
|
-1,424
|
-19.4%
|
-4,051
|
-3,207
|
-26.3%
|
|
|
Net Income
|
22,700
|
6,427
|
253.2%
|
63,685
|
18,828
|
238.3%
|
|
|
(1) Adjusted for extraordinary items, particularly the sale of towers
by Telmex in the first quarter of 2024.
Note: The reported figures for Argentina
corresponding to the third quarter of 2025 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.
|
|||||||
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
![]() |
|
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Balance Sheet - América Móvil Consolidated
Millions of Mexican Pesos
|
|
Sep '25
|
Dec '24
|
Var.%
|
Sep '25
|
Dec '24
|
Var.%
|
||||
|
Current Assets
|
Current
Liabilities
|
||||||||
|
Cash, Marketable Securities
& Other Short Term
Investments
|
96,588
|
83,336
|
15.9%
|
Short Term Debt(1)
|
87,073
|
104,211
|
-16.4%
|
||
|
Accounts Receivable
|
248,742
|
231,791
|
7.3%
|
Lease-Related Debt
|
32,198
|
35,437
|
-9.1%
|
||
|
Other Current Assets
|
21,075
|
14,820
|
42.2%
|
Accounts Payable
|
140,213
|
155,697
|
-9.9%
|
||
|
Inventories
|
24,947
|
23,751
|
5.0%
|
Other Current Liabilities
|
223,475
|
199,056
|
12.3%
|
||
|
391,351
|
353,698
|
10.6%
|
482,960
|
494,401
|
-2.3%
|
||||
|
Non Current
Assets
|
Non Current
Liabilities |
||||||||
|
Plant & Equipment, gross
|
1,505,047
|
1,478,763
|
1.8%
|
Long Term Debt
|
463,103
|
463,375
|
-0.1%
|
||
|
-Depreciation
|
820,618
|
764,979
|
7.3%
|
Lease-Related Debt
|
169,512
|
177,666
|
-4.6%
|
||
|
Plant & Equipment, net
|
684,429
|
713,784
|
-4.1%
|
Other Liabilities
|
222,043
|
226,294
|
-1.9%
|
||
|
Rights of Use
|
185,564
|
199,460
|
-7.0%
|
854,659
|
867,336
|
-1.5%
|
|||
|
Investments in Affiliates and Other Investments
|
21,183
|
17,587
|
20.4%
|
||||||
|
Deferred Assets
|
|||||||||
|
Goodwill (Net)
|
160,127
|
156,836
|
2.1%
|
||||||
|
Intangible Assets
|
134,910
|
141,737
|
-4.8%
|
Shareholder's Equity
|
455,276
|
432,184
|
5.3%
|
||
|
Deferred Assets
|
215,331
|
210,818
|
2.1%
|
||||||
|
Total Assets
|
1,792,895
|
1,793,921
|
-0.1%
|
Total Liabilities
and Equity
|
1,792,895
|
1,793,921
|
-0.1%
|
|
(1) Includes current portion of Long Term Debt.
Note: The reported figures for Argentina corresponding to the third quarter of 2025 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.
|
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
![]() |
|
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|
|
América Móvil’s Free Cash Flow
Millions of Mexican pesos
|
||||
|
Jan-Sep 25
|
Jan-Sep 24
|
Var. %
|
||
|
EBITDAaL(1)
|
238,261
|
222,555
|
7.1%
|
|
|
Minus
|
||||
|
Net Interest Payments
|
22,871
|
28,054
|
||
|
Income Taxes
|
43,992
|
38,013
|
||
|
Change in Working Capital
|
33,536
|
33,696
|
||
|
Funds from Operations
|
137,862
|
122,792
|
12.3%
|
|
|
Capital Expenditures
|
84,870
|
86,737
|
||
|
Free Cash Flow
|
52,992
|
36,055
|
47.0%
|
|
|
Uses of Free Cash Flow
|
||||
|
Shareholder Distributions
|
||||
|
-Dividends Paid
|
17,757
|
16,545
|
||
|
-Share Buybacks
|
10,815
|
16,391
|
||
|
-Dividends Income
|
(2,300)
|
(2,031)
|
||
|
Equity Investments
|
993
|
1,128
|
||
|
Labor Obligations
|
10,025
|
23,733
|
||
|
Reduction of our Net Debt
|
15,703
|
(19,711)
|
||
|
52,992
|
36,055
|
|||
|
(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.
|
||||
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
|
|
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
![]() |
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
INCOME STATEMENT - Mexico Millions
of MxP
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
85,494
|
83,796
|
2.0%
|
251,781
|
248,173
|
1.5%
|
|
|
Total Service Revenue
|
67,270
|
65,382
|
2.9%
|
200,884
|
195,815
|
2.6%
|
|
|
Wireless Revenue
|
63,066
|
60,331
|
4.5%
|
182,720
|
178,995
|
2.1%
|
|
|
Service Revenue
|
46,745
|
44,563
|
4.9%
|
137,509
|
133,214
|
3.2%
|
|
|
Equipment Revenue
|
16,320
|
15,768
|
3.5%
|
45,211
|
45,781
|
-1.2%
|
|
|
Fixed Line Revenue(2)
|
20,600
|
20,902
|
-1.4%
|
63,606
|
62,822
|
1.2%
|
|
|
Other Revenue
|
1,828
|
2,563
|
-28.7%
|
5,455
|
6,357
|
-14.2%
|
|
|
EBITDA
|
35,363
|
35,138
|
0.6%
|
104,791
|
105,767
|
-0.9%
|
|
|
% total revenue
|
41.4%
|
41.9%
|
41.6%
|
42.6%
|
|||
|
Adjusted EBITDA(3)
|
35,363
|
34,871
|
1.4%
|
104,791
|
105,243
|
-0.4%
|
|
|
% total revenue
|
41.4%
|
41.7%
|
41.6%
|
42.5%
|
|||
|
EBIT
|
27,176
|
26,732
|
1.7%
|
79,755
|
80,632
|
-1.1%
|
|
|
% total revenue
|
31.8%
|
31.9%
|
31.7%
|
32.5%
|
|||
|
Mexico Operating Data
|
|||||
|
3Q25
|
3Q24
|
Var.%
|
|||
|
Wireless Subscribers (thousands)
|
84,345
|
84,171
|
0.2%
|
||
|
Postpaid
|
15,784
|
15,310
|
3.1%
|
||
|
Prepaid
|
68,561
|
68,860
|
-0.4%
|
||
|
ARPU (MxP)
|
186
|
177
|
4.9%
|
||
|
Churn (%)
|
3.1%
|
3.2%
|
(0.1)
|
||
|
Revenue Generating Units (RGUs)
|
22,545
|
21,815
|
3.3%
|
||
|
Fixed Lines
|
10,729
|
10,737
|
-0.1%
|
||
|
Broadband
|
11,816
|
11,077
|
6.7%
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Mobile Market (numbers in millions)
|
Fixed-line Market (numbers in millions)
|
||||||||||||
|
Subs
|
Market
Share
|
Var.
YoY
|
RGUs
|
Broadband
|
Voice
|
PayTV
|
Total
|
Market
Share
|
Var.
YoY
|
||||
|
Claro
|
89.2
|
33%
|
+0.15
|
Claro
|
10.5
|
6.3
|
4.4
|
21.2
|
26%
|
+0.18
|
|||
|
Vivo
|
102.9
|
38%
|
-0.54
|
Vivo
|
7.8
|
5.2
|
0.7
|
13.8
|
17%
|
+0.46
|
|||
|
TIM
|
62.6
|
23%
|
-0.26
|
TIM
|
0.8
|
0.7
|
0.0
|
1.5
|
2%
|
+0.16
|
|||
|
Algar
|
4.7
|
2%
|
+0.12
|
Oi
|
4.0
|
4.4
|
0.3
|
8.7
|
11%
|
-1.67
|
|||
|
Other
|
9.1
|
3%
|
+0.53
|
Other
|
30.1
|
4.0
|
2.6
|
36.8
|
45%
|
+0.86
|
|||
|
Total
|
268.6
|
100%
|
Total
|
53.3
|
20.7
|
8.0
|
82.0
|
100%
|
|||||
|
INCOME STATEMENT - Brazil Millions of BrL
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
13,011
|
12,339
|
5.4%
|
38,250
|
36,112
|
5.9%
|
|
|
Total Service Revenue
|
12,312
|
11,711
|
5.1%
|
36,289
|
34,351
|
5.6%
|
|
|
Wireless Revenue
|
7,822
|
7,224
|
8.3%
|
22,850
|
21,013
|
8.7%
|
|
|
Service Revenue
|
7,150
|
6,619
|
8.0%
|
20,967
|
19,304
|
8.6%
|
|
|
Equipment Revenue
|
672
|
606
|
11.0%
|
1,884
|
1,709
|
10.2%
|
|
|
Fixed Line Revenue(2)
|
5,169
|
5,104
|
1.3%
|
15,337
|
15,059
|
1.8%
|
|
|
EBITDA
|
5,790
|
5,416
|
6.9%
|
16,912
|
15,692
|
7.8%
|
|
|
% total revenue
|
44.5%
|
43.9%
|
44.2%
|
43.5%
|
|||
|
EBIT
|
2,591
|
2,291
|
13.1%
|
7,387
|
6,281
|
17.6%
|
|
|
% total revenue
|
19.9%
|
18.6%
|
19.3%
|
17.4%
|
|||
|
Brazil Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
89,261
|
88,276
|
1.1%
|
|
|
Postpaid
|
57,774
|
53,242
|
8.5%
|
|
|
Prepaid
|
31,488
|
35,035
|
-10.1%
|
|
|
ARPU (BrL)
|
27
|
25 |
7.3%
|
|
|
Churn (%)
|
2.4%
|
2.6%
|
(0.2)
|
|
|
Revenue Generating Units (RGUs)(1)
|
21,867
|
22,509
|
-2.9%
|
|
|
Fixed Lines
|
6,853
|
7,506
|
-8.7%
|
|
|
Broadband
|
10,530
|
10,204
|
3.2%
|
|
|
PayTV
|
4,484
|
4,798
|
-6.5%
|
|
|

|
INCOME STATEMENT - Colombia Billions of
COP
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
4,135
|
3,905
|
5.9%
|
12,278
|
11,534
|
6.4%
|
|
|
Total Service Revenue
|
3,168
|
2,999
|
5.6%
|
9,351
|
8,903
|
5.0%
|
|
|
Wireless Revenue
|
2,815
|
2,620
|
7.4%
|
8,333
|
7,690
|
8.4%
|
|
|
Service Revenue
|
1,927
|
1,787
|
7.8%
|
5,644
|
5,271
|
7.1%
|
|
|
Equipment Revenue
|
888
|
833
|
6.6%
|
2,688
|
2,419
|
11.2%
|
|
|
Fixed Line Revenue(2)
|
1,277
|
1,242
|
2.8%
|
3,828
|
3,711
|
3.2%
|
|
|
EBITDA
|
1,696
|
1,646
|
3.0%
|
4,911
|
4,777
|
2.8%
|
|
|
% total revenue
|
41.0%
|
42.2%
|
40.0%
|
41.4%
|
|||
|
EBIT
|
787
|
734
|
7.2%
|
2,196
|
2,157
|
1.8%
|
|
|
% total revenue
|
19.0%
|
18.8%
|
17.9%
|
18.7%
|
|||
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Colombia Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)(1)
|
42,165
|
40,597
|
3.9%
|
|
|
Postpaid
|
11,474
|
10,684
|
7.4%
|
|
|
Prepaid
|
30,691
|
29,913
|
2.6%
|
|
|
ARPU (COP)
|
15,410
|
14,831
|
3.9%
|
|
|
Churn (%)
|
2.7%
|
3.0%
|
(0.3)
|
|
|
Revenue Generating Units (RGUs)(2)
|
9,653
|
9,561
|
1.0%
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
INCOME STATEMENT - Central America Millions of Dollars
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
741
|
668
|
10.8%
|
2,163
|
1,926
|
12.3%
|
|
|
Total Service Revenue
|
658
|
593
|
10.9%
|
1,920
|
1,711
|
12.2%
|
|
|
Wireless Revenue
|
531
|
470
|
13.0%
|
1,543
|
1,335
|
15.6%
|
|
|
Service Revenue
|
452
|
401
|
12.8%
|
1,312
|
1,142
|
14.9%
|
|
|
Equipment Revenue
|
79
|
69
|
14.4%
|
231
|
193
|
19.5%
|
|
|
Fixed Line Revenue(2)
|
207
|
195
|
6.0%
|
610
|
581
|
5.1%
|
|
|
EBITDA
|
348
|
298
|
16.9%
|
1,017
|
822
|
23.7%
|
|
|
% total revenue
|
47.0%
|
44.6%
|
47.0%
|
42.7%
|
|||
|
EBIT
|
179
|
143
|
25.3%
|
525
|
376
|
39.7%
|
|
|
% total revenue
|
24.2%
|
21.4%
|
24.3%
|
19.5%
|
|||
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
Colombia
|
|
|
|
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Central America Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
17,101
|
16,969
|
0.8%
|
|
|
Postpaid
|
3,067
|
2,718
|
12.9%
|
|
|
Prepaid
|
14,034
|
14,251
|
-1.5%
|
|
|
ARPU (US$)
|
9
|
8
|
11.5%
|
|
|
Churn (%)
|
5.1%
|
5.4%
|
(0.3)
|
|
|
Revenue Generating Units (RGUs)(1)
|
5,540
|
5,120
|
8.2%
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
Colombia
|
|
|
|
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|
|
INCOME STATEMENT - Peru Millions of Soles
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
1,743
|
1,690
|
3.1%
|
5,113
|
4,935
|
3.6%
|
|
|
Total Service Revenue
|
1,364
|
1,303
|
4.6%
|
4,032
|
3,850
|
4.7%
|
|
|
Wireless Revenue
|
1,381
|
1,357
|
1.8%
|
4,079
|
3,942
|
3.5%
|
|
|
Service Revenue
|
1,028
|
980
|
4.9%
|
3,048
|
2,884
|
5.7%
|
|
|
Equipment Revenue
|
354
|
377
|
-6.2%
|
1,030
|
1,057
|
-2.5%
|
|
|
Fixed Line Revenue(2)
|
336
|
323
|
3.9%
|
984
|
965
|
2.0%
|
|
|
EBITDA
|
699
|
640
|
9.2%
|
2,035
|
1,863
|
9.2%
|
|
|
% total revenue
|
40.1%
|
37.9%
|
39.8%
|
37.8%
|
|||
|
EBIT
|
373
|
311
|
20.2%
|
1,063
|
879
|
21.0%
|
|
|
% total revenue
|
21.4%
|
18.4%
|
20.8%
|
17.8%
|
|||
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
|
|
|
Brazil
|
||
|
Colombia
|
|
|
|
Central
America
|
|
|
|
|
||
|
Other South
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
Peru Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
13,067
|
12,772
|
2.3%
|
|
|
Postpaid
|
6,836
|
6,279
|
8.9%
|
|
|
Prepaid
|
6,231
|
6,493
|
-4.0%
|
|
|
ARPU (Sol)
|
26
|
26
|
2.9%
|
|
|
Churn (%)
|
3.7%
|
4.1%
|
(0.3)
|
|
|
Revenue Generating Units (RGUs)(1)
|
1,988
|
1,948
|
2.1%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
![]() |
|
|
Other South
America
|
||
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Income Statement Ecuador Millions of Dollars
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
257
|
253
|
1.6%
|
769
|
764
|
0.6%
|
|
|
Total Service Revenue
|
228
|
225
|
1.6%
|
680
|
677
|
0.5%
|
|
|
Wireless Revenue
|
226
|
226
|
0.4%
|
680
|
679
|
0.2%
|
|
|
Service Revenue
|
200
|
198
|
0.9%
|
597
|
597
|
0.0%
|
|
|
Equipment Revenue
|
26
|
27
|
-3.5%
|
84
|
82
|
2.1%
|
|
|
Fixed Line Revenue(2)
|
29
|
27
|
9.8%
|
86
|
81
|
6.1%
|
|
|
EBITDA
|
129
|
124
|
3.8%
|
380
|
371
|
2.4%
|
|
|
% total revenue
|
50.1%
|
49.0%
|
49.4%
|
48.5%
|
|||
|
EBIT
|
72
|
69
|
4.8%
|
211
|
206
|
2.2%
|
|
|
% total revenue
|
28.0%
|
27.1%
|
27.4%
|
27.0%
|
|||
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
![]() |
|
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Ecuador Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
9,677
|
9,689
|
-0.1%
|
|
|
Postpaid
|
2,324
|
2,274
|
2.2%
|
|
|
Prepaid
|
7,353
|
7,416
|
-0.8%
|
|
|
ARPU (US$)
|
7
|
7
|
-0.8%
|
|
|
Churn (%)
|
6.8%
|
2.8%
|
3.9
|
|
|
Revenue Generating Units (RGUs)(1)
|
733
|
579
|
26.6%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
![]() |
|
|
Southern
|
||
|
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Income Statement - Argentina Millions of constant ARS as of September 2025
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
694,060
|
648,633
|
7.0%
|
2,031,900
|
1,781,175
|
14.1%
|
|
|
Total Service Revenue
|
631,930
|
564,517
|
11.9%
|
1,828,631
|
1,547,340
|
18.2%
|
|
|
Wireless Revenue
|
564,201
|
532,902
|
5.9%
|
1,648,050
|
1,466,600
|
12.4%
|
|
|
Service Revenue
|
503,195
|
449,414
|
12.0%
|
1,448,052
|
1,234,453
|
17.3%
|
|
|
Equipment Revenue
|
61,005
|
83,488
|
-26.9%
|
199,998
|
232,147
|
-13.8%
|
|
|
Fixed Line Revenue(2)
|
128,734
|
115,103
|
11.8%
|
380,579
|
312,887
|
21.6%
|
|
|
EBITDA
|
286,085
|
256,189
|
11.7%
|
830,626
|
695,661
|
19.4%
|
|
|
% total revenue
|
41.2%
|
39.5%
|
40.9%
|
39.1%
|
|||
|
EBIT
|
253,388
|
229,589
|
10.4%
|
738,304
|
619,870
|
19.1%
|
|
|
% total revenue
|
36.5%
|
35.4%
|
36.3%
|
34.8%
|
|||
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
Cone
|
![]() |
|
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|

|
Argentina Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
27,073
|
25,621
|
5.7%
|
|
|
Postpaid
|
10,078
|
9,525
|
5.8%
|
|
|
Prepaid
|
16,995
|
16,097
|
5.6%
|
|
|
ARPU (US$)
|
6,136
|
4,332
|
41.6%
|
|
|
Churn (%)
|
1.0%
|
1.4%
|
(0.3)
|
|
|
Revenue Generating Units (RGUs)(1)
|
3,983
|
3,571
|
11.5%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
![]() |
|
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Income Statement - Chile, Paraguay & Uruguay(1) Millions of Chilean Pesos
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(2)
|
334,780
|
307,066
|
9.0%
|
971,166
|
916,777
|
5.9%
|
|
|
Total Service Revenue
|
288,064
|
278,278
|
3.5%
|
842,427
|
828,634
|
1.7%
|
|
|
EBITDA
|
91,611
|
48,778
|
87.8%
|
214,742
|
148,781
|
44.3%
|
|
|
% total revenue
|
27.4%
|
15.9%
|
22.1%
|
16.2%
|
|||
|
EBIT
|
-60,798
|
-81,059
|
25.0%
|
-232,110
|
-233,850
|
0.7%
|
|
|
% total revenue
|
-18.2%
|
-26.4%
|
-23.9%
|
-25.5%
|
|||
|
Chile, Paraguay & Uruguay Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
8,771
|
9,142
|
-4.1%
|
|
|
Postpaid
|
5,002
|
4,601
|
8.7%
|
|
|
Prepaid
|
3,769
|
4,541
|
-17.0%
|
|
|
ARPU (US$)
|
4,970
|
4,266
|
16.5%
|
|
|
Churn (%)
|
7.2%
|
5.0%
|
2.2
|
|
|
Revenue Generating Units (RGUs)(1)
|
3,235
|
3,481
|
-7.1%
|
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
Cone
|
![]() |
|
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Income Statement - The Caribbean Millions of Dollars
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
475
|
480
|
-1.2%
|
1,428
|
1,447
|
-1.3%
|
|
|
Total Service Revenue
|
420
|
425
|
-1.2%
|
1,265
|
1,275
|
-0.8%
|
|
|
Wireless Revenue
|
294
|
302
|
-2.6%
|
886
|
913
|
-3.0%
|
|
|
Service Revenue
|
241
|
247
|
-2.6%
|
722
|
745
|
-3.1%
|
|
|
Equipment Revenue
|
53
|
55
|
-2.3%
|
164
|
168
|
-2.3%
|
|
|
Fixed Line Revenue(2)
|
182
|
181
|
0.6%
|
549
|
540
|
1.6%
|
|
|
EBITDA
|
172
|
177
|
-2.6%
|
521
|
536
|
-2.7%
|
|
|
% total revenue
|
36.2%
|
36.8%
|
36.5%
|
37.0%
|
|||
|
EBIT
|
81
|
81
|
-0.3%
|
246
|
250
|
-1.5%
|
|
|
% total revenue
|
17.0%
|
16.9%
|
17.2%
|
17.3%
|
|||
|
Content
|
||
|
Highlights
|
|
|
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
|
||
|
America
|
||
|
Southern
Cone
|
||
|
The
Caribbean
|
![]() |
|
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
The Caribbean Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
8,007
|
7,836
|
2.2%
|
|
|
Postpaid
|
2,389
|
2,290
|
4.4%
|
|
|
Prepaid
|
5,617
|
5,546
|
1.3%
|
|
|
ARPU (US$)
|
10
|
11
|
-4.9%
|
|
|
Churn (%)
|
3.1%
|
3.1%
|
0.0
|
|
|
Revenue Generating Units (RGUs)(1)
|
2,895
|
2,829
|
2.3%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
![]() |
|
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Income
Statement - Austria and Eastern Europe Millions of Euros
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Total Revenue(1)
|
1,401
|
1,354
|
3.5%
|
4,085
|
3,937
|
3.8%
|
|
|
Total Service Revenue
|
1,160
|
1,151
|
0.7%
|
3,412
|
3,346
|
2.0%
|
|
|
Wireless Revenue
|
825
|
805
|
2.5%
|
2,411
|
2,330
|
3.5%
|
|
|
Service Revenue
|
656
|
649
|
1.1%
|
1,913
|
1,872
|
2.2%
|
|
|
Equipment Revenue
|
168
|
156
|
8.2%
|
498
|
458
|
8.7%
|
|
|
Fixed Line Revenue(2)
|
549
|
527
|
4.1%
|
1,603
|
1,541
|
4.1%
|
|
|
EBITDA
|
567
|
548
|
3.6%
|
1,567
|
1,506
|
4.0%
|
|
|
% total revenue
|
40.5%
|
40.4%
|
38.3%
|
38.3%
|
|||
|
EBIT
|
269
|
255
|
5.9%
|
670
|
650
|
3.0%
|
|
|
% total revenue
|
19.2%
|
18.8%
|
16.4%
|
16.5%
|
|||
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
![]() |
|
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Austria & Eastern Europe Operating Data
|
||||
|
3Q25
|
3Q24
|
Var.%
|
||
|
Wireless Subscribers (thousands)
|
29,289
|
26,666
|
9.8%
|
|
|
Postpaid
|
25,416
|
22,736
|
11.8%
|
|
|
Prepaid
|
3,874
|
3,931
|
-1.4%
|
|
|
A1 Digital Subscribers (thousands)
|
8,479
|
6,199
|
36.8%
|
|
|
ARPU (Euros)
|
8
|
8
|
-7.6%
|
|
|
Churn (%)
|
1.1%
|
1.2%
|
-0.1
|
|
|
Revenue Generating Units (RGUs)(1)
|
6,412
|
6,293
|
1.9%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
![]() |
|
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Exchange Rates Local Currency Units per MxP
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Euro
|
|||||||
|
End of Period
|
0.0464
|
0.0458
|
1.3%
|
0.0464
|
0.0458
|
1.3%
|
|
|
Average
|
0.0459
|
0.0481
|
-4.5%
|
0.0458
|
0.0519
|
-11.9%
|
|
|
USD
|
|||||||
|
End of Period
|
0.0544
|
0.0509
|
6.8%
|
0.0544
|
0.0509
|
6.8%
|
|
|
Average
|
0.0536
|
0.0528
|
1.5%
|
0.0512
|
0.0565
|
-9.4%
|
|
|
Brazilian Real
|
|||||||
|
End of Period
|
0.2893
|
0.2776
|
4.2%
|
0.2893
|
0.2776
|
4.2%
|
|
|
Average
|
0.2922
|
0.2930
|
-0.3%
|
0.2894
|
0.2957
|
-2.1%
|
|
|
Argentinean Peso
|
|||||||
|
End of Period
|
75.0714
|
49.4422
|
51.8%
|
75.0714
|
49.4422
|
51.8%
|
|
|
Average
|
71.4964
|
49.8239
|
43.5%
|
60.3784
|
50.1190
|
20.5%
|
|
|
Chilean Peso
|
|||||||
|
End of Period
|
52.3536
|
45.7323
|
14.5%
|
52.3536
|
45.7323
|
14.5%
|
|
|
Average
|
51.4373
|
49.1470
|
4.7%
|
48.9620
|
52.8936
|
-7.4%
|
|
|
Colombian Peso
|
|||||||
|
End of Period
|
212.2285
|
212.1458
|
0.0%
|
212.2285
|
212.1458
|
0.0%
|
|
|
Average
|
214.9263
|
216.5670
|
-0.8%
|
211.4461
|
224.7393
|
-5.9%
|
|
|
Guatemalan Quetzal
|
|||||||
|
End of Period
|
0.4165
|
0.3935
|
5.9%
|
0.4165
|
0.3935
|
5.9%
|
|
|
Average
|
0.4112
|
0.4090
|
0.5%
|
0.3934
|
0.4389
|
-10.4%
|
|
|
Peruvian Sol
|
|||||||
|
End of Period
|
0.1891
|
0.1892
|
-0.1%
|
0.1891
|
0.1892
|
-0.1%
|
|
|
Average
|
0.1899
|
0.1987
|
-4.4%
|
0.1860
|
0.2121
|
-12.3%
|
|
|
Dominican Republic Peso
|
|||||||
|
End of Period
|
3.4163
|
3.0699
|
11.3%
|
3.4163
|
3.0699
|
11.3%
|
|
|
Average
|
3.3271
|
3.1582
|
5.3%
|
3.1403
|
3.3482
|
-6.2%
|
|
|
Belarusian Ruble
|
|||||||
|
End of Period
|
0.1645
|
0.1400
|
17.5%
|
0.1645
|
0.1400
|
17.5%
|
|
|
Average
|
0.1604
|
0.1452
|
10.4%
|
0.1548
|
0.1552
|
-0.2%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
![]() |
|
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Exchange Rates Local Currency Units per USD
|
|||||||
|
3Q25
|
3Q24
|
Var.%
|
Jan-Sep 25
|
Jan-Sep 24
|
Var.%
|
||
|
Euro
|
|||||||
|
End of Period
|
0.8522
|
0.8981
|
-5.1%
|
0.8522
|
0.8981
|
-5.1%
|
|
|
Average
|
0.8555
|
0.9096
|
-6.0%
|
0.8940
|
0.9198
|
-2.8%
|
|
| Mexican Peso | |||||||
|
End of Period
|
18.3825
|
19.6290
|
-6.4%
|
18.3825
|
19.6290
|
-6.4%
|
|
|
Average
|
18.6398
|
18.9243
|
-1.5%
|
19.5409
|
17.7119
|
10.3%
|
|
|
Brazilian Real
|
|||||||
|
End of Period
|
5.3186
|
5.4481
|
-2.4%
|
5.3186
|
5.4481
|
-2.4%
|
|
|
Average
|
5.4458
|
5.5457
|
-1.8%
|
5.6559
|
5.2377
|
8.0%
|
|
|
Argentinean Peso
|
|||||||
|
End of Period
|
1,380.0000
|
970.5000
|
42.2%
|
1,380.0000
|
970.5000
|
42.2%
|
|
|
Average
|
1,332.6815
|
942.8826
|
41.3%
|
1,179.8503
|
887.7044
|
32.9%
|
|
|
Chilean Peso
|
|||||||
|
End of Period
|
962.3900
|
897.6800
|
7.2%
|
962.3900
|
897.6800
|
7.2%
|
|
|
Average
|
958.7836
|
930.0716
|
3.1%
|
956.7631
|
936.8472
|
2.1%
|
|
|
Colombian Peso
|
|||||||
|
End of Period
|
3,901.2900
|
4,164.2100
|
-6.3%
|
3,901.2900
|
4,164.2100
|
-6.3%
|
|
|
Average
|
4,006.1908
|
4,098.3766
|
-2.2%
|
4,131.8519
|
3,980.5660
|
3.8%
|
|
|
Guatemalan Quetzal
|
|||||||
|
End of Period
|
7.6571
|
7.7235
|
-0.9%
|
7.6571
|
7.7235
|
-0.9%
|
|
|
Average
|
7.6644
|
7.7408
|
-1.0%
|
7.6878
|
7.7741
|
-1.1%
|
|
|
Peruvian Sol
|
|||||||
|
End of Period
|
3.4760
|
3.7140
|
-6.4%
|
3.4760
|
3.7140
|
-6.4%
|
|
|
Average
|
3.5388
|
3.7599
|
-5.9%
|
3.6346
|
3.7559
|
-3.2%
|
|
|
Dominican Republic Peso
|
|||||||
|
End of Period
|
62.8000
|
60.2600
|
4.2%
|
62.8000
|
60.2600
|
4.2%
|
|
|
Average
|
62.0158
|
59.7664
|
3.8%
|
61.3640
|
59.3037
|
3.5%
|
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
![]() |
|
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
|
|

|
Millions of Mexican pesos
|
|||
|
Jan-Sep 25
|
Jan-Sep 24
|
||
|
Net cash flows from operating activities (IFRS measure)
|
186,665
|
158,072
|
|
|
(-) Payments of lease liabilities
|
-38,710
|
-33,422
|
|
|
(-) Net interest paid
|
-27,488
|
-25,150
|
|
|
(+) Employee benefits
|
10,025
|
23,733
|
|
|
(+) Investing activities (Derivative instruments, other investments) and others
|
7,370
|
-441
|
|
|
Funds from Operations
|
137,862
|
122,792
|
|
|
(-) Capital Expenditures
|
-84,870
|
-86,737
|
|
|
Free Cash Flow (non-IFRS measure)
|
52,992
|
36,055
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
||
|
Appendix
|
||
|
Glossary
|
|
|
|
Financial Debt of América Móvil(1) Millions
|
|||
|
Sep-25
|
Dec-24
|
||
|
Peso - denominated debt (MxP)
|
135,640
|
130,585
|
|
|
Bonds(2)
|
125,280
|
120,205
|
|
|
Banks and others
|
10,360
|
10,380
|
|
|
U.S. Dollar - denominated debt (USD)
|
9,550
|
10,254
|
|
|
Bonds
|
9,550
|
9,094
|
|
|
Banks and others
|
0
|
1,160
|
|
|
Euro - denominated Debt (EUR)
|
4,583
|
4,318
|
|
|
Bonds
|
3,432
|
2,782
|
|
|
Commercial Paper
|
1,096
|
1,246
|
|
|
Banks and others
|
55
|
290
|
|
|
Sterling - denominated Debt (GBP)
|
2,200
|
2,200
|
|
|
Bonds
|
2,200
|
2,200
|
|
|
Reais - denominated Debt (BRL)
|
8,500
|
10,000
|
|
|
Bonds
|
8,500
|
10,000
|
|
|
Banks and others
|
0
|
0
|
|
|
Debt denominated in other currencies (MxP)(3)
|
56,373
|
50,852
|
|
|
Bonds
|
5,387
|
5,581
|
|
|
Banks and others
|
50,986
|
45,271
|
|
|
Total Debt (MxP)
|
550,176
|
568,482
|
|
|
Cash, Marketable Securities and Short Term Financial Investments (MxP)(4)
|
96,588
|
83,336
|
|
|
Net Debt (MxP)
|
453,588
|
485,146
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
||
|
Appendix
|
||
|
Glossary
|
|
|
|
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.
|
||
|
Licensed pops
|
Licensed population. Population covered by the licenses that each of the companies manage.
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
![]() |
|
|

|
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.
|
|
Content
|
||
|
Highlights
|
|
|
| |
||
|
Relevant
|
||
|
events
|
||
|
Subscribers
|
|
|
|
América
|
||
|
Móvil
|
||
|
Consolidated
|
||
|
Mexico
|
||
|
Brazil
|
||
|
Colombia
|
||
|
Central
America
|
||
|
Other South
America
|
||
|
Southern
Cone
|
||
|
|
||
|
The
|
||
|
Caribbean
|
||
|
Austria and
|
||
|
Eastern
|
||
|
Europe
|
||
|
Currency
|
||
|
Exchange
|
||
|
Rates
|
||
|
Appendix
|
||
|
Glossary
|
![]() |
|
|
|
Date: October 16, 2025
|
| AMÉRICA MÓVIL, S.A.B. DE C.V. |
| By: /s/ Carlos José Garcia Moreno Elizondo |
| Name: Carlos José Garcia Moreno Elizondo |
| Title: Chief Financial Officer |



