FEMSA Q3 2026 net income jumps 81% to Ps. 10.6B

FEMSA’s divisions diverged: OXXO Mexico same-store sales rose 9.2%, while operating income fell 75.9% in Americas & Mobility, 24.8% in Europe and 63.2% in Health.

Rhea-AI Filing Summary

Mexican Economic Development, Inc. (FMX), known as FEMSA, reported third-quarter 2026 total revenues of Ps. 235.609 billion, up 9.8% from a year earlier, and adjusted EBITDA of Ps. 34.833 billion, up 12.9%. Income from operations rose 9.9% to Ps. 19.918 billion. Gross margin was 39.9%, while operating margin expanded 10 basis points to 8.5%.

Consolidated net income was Ps. 10.569 billion, up 81.0%, reflecting operating income growth, a non-cash foreign-exchange gain of Ps. 1.121 billion and the absence of the prior-year Ps. 3.146 billion discontinued-operations loss. Ex-KOF net debt was Ps. 95.203 billion as of September 30, 2026; net debt to adjusted LTM EBITDA was 1.19x, compared with 0.91x in 3Q25. OXXO Mexico same-store sales rose 9.2%, while income from operations fell 75.9% in Americas & Mobility, 24.8% in Europe and 63.2% in Health.

FEMSA updated its reporting segments. Americas & Mobility now includes OXXO stores outside Mexico and fuel operations in Mexico and the U.S.; the other segments are OXXO Mexico, Europe, Health and Coca-Cola FEMSA.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

How the balance works

Positive

• Moderate pointFEMSA consolidated revenue increased 9.8% in 3Q26.
• Moderate pointFEMSA adjusted EBITDA increased 12.9% in 3Q26.

Negative

• Moderate pointAmericas & Mobility operating income fell 75.9% in 3Q26.
• Moderate pointHealth operating income fell 63.2% in 3Q26.
• Moderate pointEurope operating income fell 24.8% in 3Q26.

Filing Explained

The bond issuance is settled, but the buyback’s final ADS quantity and share-count effect remain unresolved until expected year-end settlement.

FEMSA reports that its Swiss bond issuance settled on October 14, 2026, completing the financing; proceeds are designated for general corporate purposes. Its accelerated share repurchase agreement has not reached final settlement, so the number of ADSs to be repurchased and delivered—and the resulting share-count effect—remains unresolved.

The final ADS quantity will be based on the daily volume-weighted average ADS price during the agreement, less a discount; contract terms may result in a lower total, and final settlement is expected before year-end 2026.

Sources and calculations

• Form 6-K and Exhibit 99.1, 3Q 2026 results (2026-10-28)
• FEMSA announces successful issuance in the Swiss bond market (2026-09-23)

Key Figures

Total revenues: Ps. 235.609 billion Gross profit margin: 39.9% Income from operations: Ps. 19.918 billion +5 more

8 metrics

Total revenues Ps. 235.609 billion 3Q26; increased 9.8% from 3Q25

Gross profit margin 39.9% 3Q26; unchanged from 3Q25

Income from operations Ps. 19.918 billion 3Q26; increased 9.9% from 3Q25

Adjusted EBITDA Ps. 34.833 billion 3Q26; increased 12.9% from 3Q25

Consolidated net income Ps. 10.569 billion 3Q26; increased 81.0% from 3Q25

Ex-KOF net debt Ps. 95.203 billion As of September 30, 2026

Net debt / adjusted LTM EBITDA 1.19x Ex-KOF as of September 30, 2026; 0.91x in 3Q25

OXXO Mexico same-store sales 9.2% 3Q26 change from 3Q25

Key Terms

comparable, Adjusted EBITDA, Same-store sales, Net Debt / Adjusted LTM EBITDA, +1 more

5 terms

comparable financial

"year-over-year comparison, the change of a given measure excluding the effects"

A comparable is an outside company, transaction, or financial metric that is similar enough to the one being evaluated to serve as a benchmark for valuation or performance. Investors use comparables the way someone would compare the price and features of similar cars when shopping: they provide a practical point of reference to estimate value, judge relative strength, or spot outliers in earnings, multiples, growth rates, or deal terms.

Adjusted EBITDA financial

"Operating Income + Depreciation + Amortizations + other non-cash charges"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Same-store sales financial

"Same-store sales increased 9.2%"

Same-store sales measure the revenue generated by stores that have been open for a certain period, typically a year, comparing their sales over different time frames. It helps assess whether a business is growing due to increased customer activity at existing locations rather than new stores. For investors, this figure indicates the health and performance of a company's core operations, independent of expansion efforts.

Net Debt / Adjusted LTM EBITDA financial

"Net Debt / Adjusted LTM EBITDA ratio ex-KOF was 1.19x"

FEMSA Units financial

"FEMSA Units consist of FEMSA BD Units and FEMSA B Units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much revenue did FMX report in third-quarter 2026?

FMX reported total revenues of Ps. 235.609 billion in 3Q26, up 9.8% from 3Q25. The release attributes growth to Coca-Cola FEMSA, OXXO Mexico, Americas & Mobility and Health, partially offset by a decrease in Europe.

Why did FMX net income increase in 3Q26?

FEMSA reported consolidated net income of Ps. 10.569 billion, up 81.0%. The increase reflected growth in income from operations, a non-cash foreign-exchange gain of Ps. 1.121 billion and the absence of the Ps. 3.146 billion discontinued-operations loss recorded in 3Q25.

What operations are included in FMX’s Americas & Mobility segment?

Americas & Mobility includes OXXO convenience stores outside Mexico, in Brazil, Colombia, Chile, Peru and the U.S., as well as fuel operations in Mexico and the U.S. FEMSA said this segment structure was updated; only Americas & Mobility and OXXO Mexico changed from the prior reporting structure.

How many OXXO Mexico stores did FMX have in September 2026?

OXXO Mexico had 24,759 stores as of September 30, 2026. It added 702 net new stores during the last twelve months; during 3Q26, 191 stores were added and 140 older locations were closed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/28/2026 - 08:38 AM EDT Accepted by SEC EDGAR 10/28/2026 - 08:37 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(Exact name of Registrant as specified in its charter)

Mexican Economic Development, Inc.

(Translation of Registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México

(Address of principal executive offices)

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 x      Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨      No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____________

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.

		FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V.
		By:	/s/ Martin Felipe Arias Yaniz
			Martin Felipe Arias Yaniz
			Director of Finance and Corporate Development

Date: October, 28, 2026

Exhibit 99.1

 

3Q 2026

Results

October 28, 2026

 

Investor Contact

(52) 81-8328-6167

investor@femsa.com

femsa.gcs-web.com

Media Contact

(52) 55-5249-6843

comunicacion@femsa.com

www.femsa.com

HIGHLIGHTS

Monterrey, Mexico, October 28, 2026 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2026.

Reporting Segments Update: In our continuous effort to improve our disclosure, we have updated FEMSA’s reporting segment structure to better reflect the scale, stage of development, and strategic differentiation of our various operations.  This updated structure should provide investors with greater visibility into the drivers of performance across our operations. Our updated reporting segments are as follows: i) OXXO Mexico; ii) Americas & Mobility which now includes all OXXO convenience store operations outside of Mexico (Brazil, Colombia, Chile, Peru and the U.S.), as well as the fuel operations in Mexico and the U.S; iii) Europe; iv) Health; and v) Coca-Cola FEMSA.  Only segments i) and ii) changed relative to our previous reporting structure.

October 28, 2026 | Page 1

· FEMSA: Total consolidated revenues grew 9.8% and Income from operations increased 9.9% compared to 3Q25.

· OXXO Mexico: Total revenues grew 10.3% and Income from operations increased 5.8% versus 3Q25.

· SPIN: Spin by OXXO had 11.7 million active users¹ representing 17.3% growth compared to 3Q25 while Spin Premia had 30.0 million active loyalty users¹ representing 8.3% growth compared to 3Q25, and an average tender² at OXXO Mexico of 52.1% which increased from 48.2% in 3Q25.

· COCA-COLA FEMSA: Total revenues grew 10.9% and Income from Operations increased 15.4% against 3Q25.

Financial Summary for the Third Quarter and First Nine Months of 2026

Change vs. comparable period

		Total Revenues								Gross Profit								Income from Operations								Same-Store Sales
As Reported		3Q26				YTD26				3Q26				YTD26				3Q26				YTD26				3Q26				YTD26
FEMSA Consolidated			9.8	%			8.7	%			9.7	%			8.3	%			9.9	%			7.9	%
OXXO Mexico			10.3	%			10.2	%			7.4	%			9.6	%			5.8	%			12.0	%			9.2	%			8.3	%
Americas & Mobility			18.1	%			16.2	%			18.6	%			20.1	%			(75.9	)%			(66.5	)%			13.8	%3			10.1	%3
Europe			(5.2	)%			(3.1	)%			(10.8	)%			(6.5	)%			(24.8	)%			(11.6	)%			(7.7	)%			(5.5	)%
Health			7.0	%			3.3	%			(7.4	)%			(8.7	)%			(63.2	)%			(46.1	)%			4.6	%			1.8	%
Coca-Cola FEMSA			10.9	%			6.2	%			14.5	%			9.8	%			15.4	%			8.0	%
Comparable(A)
FEMSA Consolidated			9.4	%			9.4	%			9.8	%			9.3	%			13.4	%			12.4	%
OXXO Mexico			10.3	%			10.2	%			7.4	%			9.6	%			5.8	%			12.0	%			9.2	%			8.3	%
Americas & Mobility			10.9	%			11.1	%			4.5	%			9.8	%			(29.9	)%			(8.7	)%			15.8	%4			16.3	%4
Europe			4.0	%			2.9	%			(2.2	)%			(0.6	)%			(17.5	)%			(5.4	)%			1.3	%			1.0	%
Health			3.4	%			4.9	%			(8.2	)%			(5.9	)%			(63.8	)%			(44.2	)%			6.5	%			6.6	%
Coca-Cola FEMSA			11.3	%			10.4	%			14.8	%			14.1	%			16.4	%			11.9	%

Jose Antonio Fernández Garza-Lagüera, FEMSA’s Chief Executive Officer, commented:

“During the third quarter we delivered a strong set of results, led by OXXO Mexico and Coca-Cola FEMSA, our two largest businesses. OXXO Mexico continued to build on the positive momentum seen in recent quarters, while Coca-Cola FEMSA delivered strong growth across the income statement, mainly supported by solid performances in most of its territories.

We are particularly encouraged by the continued recovery at OXXO Mexico, where same-store sales accelerated and customer traffic delivered its strongest performance in more than two years. This result was driven largely by stronger execution in most regions, commercial initiatives focused on key traffic-driving categories, and the consumer-centric strategy we began implementing last year. These initiatives are gaining traction and allowing us to generate additional traffic while maintaining a disciplined approach to profitability. Beyond OXXO Mexico, Coca-Cola FEMSA delivered a very strong quarter, with solid volume trends and double-digit growth in revenues and operating income, reflecting broad-based contributions across its operations.

We also continued to see encouraging progress in some of our growth platforms, with Bara gaining momentum as it accelerates expansion and strengthens the performance of its growing store base, while our OXXO operations in South America maintained a solid commercial trajectory, especially in Colombia. However, certain other business units faced operating headwinds, particularly our Europe and Health divisions, which delivered mixed results. We continue to work hard to bring those business units to their potential.

As we enter the final quarter of the year, we remain mindful that the consumer environment in Mexico continues to be soft, Brazil has faced some volatility recently and that we will face a more demanding comparison base in the coming quarters. Nevertheless, we are encouraged by the momentum we are seeing across most of our businesses. While we recognize that the final stretch of the year will present its share of challenges, we believe the strength of our geographically diversified platform positions us well to continue executing against our long-term strategy in pursuit of sustainable, profitable growth.”

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

¹ Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days.
   Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.

² Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period.

³ Only includes merchandise.

⁴ Currency-neutral. Only includes merchandise. Same-store sales includes a weighted average of OXXO Colombia, Chile, Peru and the U.S.A.

October 28, 2026 | Page 2

QUARTERLY RESULTS

Results are compared to the same period of previous year

FEMSA CONSOLIDATED

3Q26 Financial Summary

Amounts expressed in millions of Mexican Pesos (Ps.)

		3Q26				3Q25				Var.				Comp.(A)
Total Revenues			235,609				214,638				9.8	%			9.4	%
Gross Profit			94,050				85,709				9.7	%			9.8	%
Gross Profit Margin (%)			39.9				39.9				-
Income from Operations			19,918				18,126				9.9	%			13.4	%
Operating Margin (%)			8.5				8.4				10 bps
Adjusted EBITDA1			34,833				30,843				12.9	%			14.5	%
EBITDA Margin (%)			14.8				14.4				40 bps
Consolidated Net Income			10,569				5,838				81.0	%

Net Debt² ex-KOF³

Amounts expressed in millions of Mexican Pesos (Ps.)

As of September 30, 2026		Ps.				US$4
Cash and Investments			70,403				3,898
Financial Debt			54,762				3,032
Lease Liabilities			110,844				6,137
Net debt (ND)			95,203				5,271
ND / Adjusted LTM EBITDA			1.19	x			-

Total revenues increased 9.8% in 3Q26 compared to 3Q25, driven by growth in Coca-Cola FEMSA, OXXO Mexico, Americas & Mobility and Health, partially offset by a decrease in Europe. Excluding the consolidation of OXXO Brazil and currency effects, revenues grew 9.4% on a comparable basis and all the reported segments grew.

Gross profit increased 9.7%, while gross margin remained stable at 39.9%. This reflected margin expansion in Coca-Cola FEMSA and Americas & Mobility, offset by contractions in OXXO Mexico, Europe and Health. The decline in margin in OXXO Mexico resulted in part from a demanding comparison base as the third quarter of 2025 included a particularly high concentration of commercial income. On a comparable basis, gross profit increased 9.8%.

Income from operations increased 9.9%, driven by growth in Coca-Cola FEMSA and OXXO Mexico, partially offset by declines in Americas & Mobility, Europe and Health. The consolidated operating margin reached 8.5%, representing a 10 basis-point expansion year-over-year, reflecting margin expansion at Coca-Cola FEMSA, partially offset by margin contractions at OXXO Mexico, Americas & Mobility, Europe and Health. On a comparable basis, income from operations increased 13.4%.

The effective income tax rate was 32.5% in 3Q26. Our income tax provision for 3Q26 was Ps. 5,080 million, an increase of 34.2% relative to 3Q25.

Net consolidated income amounted to Ps. 10,569 million, compared to Ps. 5,838 million in 3Q25, representing an increase of 81.0%. This increase was supported by: i) the absence of the Ps. 3,146 million loss from discontinued operations recorded in 3Q25, which reflected the divestiture of Solistica⁵; ii) growth in income from operations; and iii) a non-cash foreign exchange gain of Ps. 1,121 million, compared to a loss of Ps. 1,261 million in 3Q25, reflecting a favorable swing of Ps. 2,382 million, mainly due to the depreciation of the Mexican peso against the U.S. dollar, that impacted our investment in ImperialBrady as well as our U.S. dollar-denominated cash and investment position. These effects were partially offset by: i) higher net interest expense of Ps. 4,541 million, compared to Ps. 3,563 million in 3Q25, mainly reflecting lower interest income of Ps. 1,371 million compared to Ps. 1,907 million in 3Q25, driven by lower interest rates and lower cash balances; ii) other financial expenses of Ps. 312 million, compared to income of Ps. 55 million in 3Q25, mainly reflecting a loss on financial instruments at Coca-Cola FEMSA Brazil; and iii) a higher income tax provision of Ps. 5,080 million, compared to Ps. 3,785 million in 3Q25.

Net majority income was Ps. 2.00 per FEMSA BD Unit⁶, representing 185.7% growth, and US$1.10 per FEMSA ADS⁴.

Net Debt / Adjusted EBITDA. On an ex-KOF basis, as of September 30, 2026, cash and investments were Ps. 70,403 million and total debt was Ps. 165,605 million, resulting in net debt of Ps. 95,203 million. Our Net Debt / Adjusted LTM EBITDA ratio ex-KOF was 1.19x up from 0.91x in 3Q25. This year-on-year increase mainly reflects the cash outflow related to our capital allocation strategy.

Capital expenditures amounted to Ps. 9,408 million, representing 4.0% of total revenues and a decrease of 28.3% compared to 3Q25, mainly reflecting lower CAPEX at Coca-Cola FEMSA, coupled with lower investments at OXXO Mexico, Europe and Health. This was partially offset by higher CAPEX in Americas & Mobility, related to store expansion investments across the region.

OXXO MEXICO

3Q26 Financial Summary – OXXO Mexico
Amounts expressed in millions of Mexican Pesos (Ps.)

		3Q26				3Q25				Var.
Same-store sales (thousands of Ps.)1			1,088.6				997.1				9.2	%
Total Revenues			86,652				78,539				10.3	%
Gross Profit			38,810				36,123				7.4	%
Gross Profit Margin (%)			44.8				46.0				(120 bps	)
Income from Operations			8,041				7,603				5.8	%
Income from Operations Margin (%)			9.3				9.7				(40 bps	)
Adjusted EBITDA			12,655				11,631				8.8	%
Adjusted EBITDA Margin (%)			14.6				14.8				(20 bps	)

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

¹ Adjusted EBITDA: Operating Income + Depreciation + Amortizations + other non-cash charges.

Adjusted EBITDA ex-KOF: FEMSA Consolidated Adjusted EBITDA as described above – Coca-Cola FEMSA’s Consolidated Adjusted EBITDA + Dividends received by FEMSA from Coca-Cola FEMSA and other investments.

² All Net Debt calculations are shown on an Ex-KOF basis. For a detailed reconciliation of this metric please see table on page 15 of this document.

³ ex-KOF: FEMSA Consolidated reported information – Coca-Cola FEMSA Consolidated reported information. Adjusted EBITDA ex-KOF includes dividends received from Coca-Cola FEMSA

⁴ The exchange rate published by the Federal Reserve Bank of New York for September 30, 2026 was 18.0609 MXN per USD.

⁵ Following the third-quarter 2025 divestitures, the initial de-recognition of Solistica at face value resulted in a temporary loss of Ps. 3,146 million (Ps. 99 million loss on a comparable basis). In the fourth quarter, this effect was reversed and the disposal gain recalculated using the investment’s carrying amount. As a result, the Company recognized a full-year gain of Ps. 1,574 million in discontinued operations, reflecting the combined impact of the Solistica and PTM divestitures.

^{6 “}FEMSA Units” consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. Each FEMSA American Depositary Share (“ADS”) represents 10 FEMSA BD Units. The total number of FEMSA Units outstanding as of September 30, 2026 was 3,385,664,115.

¹ Same-store Sales OXXO Mexico.

October 28, 2026 | Page 3

Total revenues increased 10.3% in 3Q26 compared to 3Q25, reflecting a 9.2% increase in same-store sales, coupled with 2.9% store expansion. The growth in same-store sales was driven by a 5.5% increase in the average ticket and a 3.5% increase in store traffic. During the quarter, results were supported by: i) the continued execution of commercial initiatives, including assortment and affordability actions across key categories, which contributed to market share gains in core categories; ii) more favorable weather conditions compared to the prior year; and iii) continued growth in services. These effects were partially offset by above-trend store closures. The increase in average ticket mainly reflected the effect of excise taxes on beverages and cigarettes. During the quarter, the OXXO store base in Mexico expanded by 51 net stores. This included the addition of 191 stores, offset by the closure of 140 older, underperforming locations, as part of a portfolio optimization initiative. OXXO Mexico added 702 net new stores during the last twelve months and had a total of 24,759 stores as of September 30, 2026.

Gross profit increased 7.4% and reached 44.8% of total revenues, representing a 120-basis point contraction compared to 3Q25. This contraction mainly reflects a demanding comparison base as the third quarter of 2025 included a particularly high concentration of commercial income. Normalizing for this effect, OXXO Mexico’s gross margin would have declined in line with the 70-basis point contraction of the second quarter of 2026, reflecting the solid performance of key impulse categories, and the continued growth in higher margin services. This was partially offset by continued commercial initiatives in key categories, aimed at strengthening traffic and market share, including adjustments to price package architecture and price rationalization in relevant traffic-driving categories.

Income from operations increased 5.8% compared to 3Q25 and reached 9.3% of total revenues, representing a 40-basis point margin contraction year over year. This performance was mainly explained by the gross margin contraction described above, the costs associated with the closing of underperforming stores, and higher labor and variable compensation expenses. Operating expenses increased 7.9%, below revenue growth, reflecting the cost containment and operational efficiencies implemented during last year, particularly in administrative expenses, partially offset by higher labor costs.

AMERICAS¹ & MOBILITY²

3Q26 Financial Summary – Americas & Mobility
Amounts expressed in millions of Mexican Pesos (Ps.)

		3Q26				3Q25				Var.				Comp.(A)
Same-store sales (thousands of Ps.)			1,176.6				1,033.9				13.8	%			15.8	%3
Merchandise1 Sales			6,936				4,177				66.0	%			19.0	%
Fuel2 and Other Sales			22,530				20,783				8.4	%			9.3	%
Total Revenues			29,466				24,960				18.1	%			10.9	%
Merchandise1 Gross Profit			2,321				1,657				40.0	%			3.2	%
Fuel2 and Other Gross Profit			2,616				2,506				4.4	%			6.6	%
Gross Profit			4,937				4,163				18.6	%			4.5	%
Gross Profit Margin (%)			16.8				16.7				10 bps
Income from Operations			170				706				(75.9	)%			(29.9	)%
Income from Operations Margin (%)			0.6				2.8				(220 bps	)
Adjusted EBITDA			1,418				1,404				1.0	%			(0.4	)%
Adjusted EBITDA Margin (%)			4.8				5.6				(80 bps	)

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

¹ Americas: OXXO Brazil, Chile, Colombia, Peru and USA.

² Mobility: Fuel operations in Mexico and the USA, and Mecanica Tek.

³ Same-store Sales is a weighted average of OXXO Colombia, Chile, Peru and the U.S.A

October 28, 2026 | Page 4

AMERICAS¹

Total revenues increased 18.1% in 3Q26 compared to 3Q25, reflecting an 8.4% increase in our Fuel sales, coupled with a 66.0% increase in our Merchandise sales. The growth in our Fuel sales mainly reflects an increase in volume and traffic in our service stations in Mexico, and flat results in our U.S. fuel business with higher prices being offset by lower volumes. The solid performance in our Merchandise sales mainly reflects the continued growth of our OXXO operations in South America. We also benefited from the integration of OXXO Brazil which we began consolidating on February 1st, 2026. Same-store sales increased 13.8% in Mexican pesos and 15.8% on a comparable basis during the quarter, supported by currency-neutral growth of 5.1% in Brazil, 21.2% in Latam and 1.5% in the U.S. On a comparable basis, which excludes the addition of OXXO Brazil as well as currency effects, total revenues increased 10.9%. During the quarter, the store base expanded by 33 net stores. Americas & Mobility had 56 net store additions during the last twelve months and had a total of 1,986 stores as of September 30, 2026.

Gross profit reached 16.8% of total revenues, representing a 10-basis point margin expansion compared to 3Q25. This includes a reclassification of certain expenses, from cost of goods sold to selling expenses at OXXO operations in Colombia, Chile and Peru, reflected in 3Q25. Gross profit increased 18.6% compared to 3Q25. Excluding the effects of this reclassification, gross profit would have increased 25.4% and gross profit margin would have expanded 110 basis points from an adjusted base of 15.7% in 3Q25, mainly reflecting strong growth in Merchandise gross profit driven by the performance of our OXXO stores in South America, and the consolidation of OXXO Brazil. Fuel gross profit increased 4.4%, reflecting better gross margin at our Fuel operations in the U.S., partially offset by higher fuel costs coupled with maximum price commitments that continued to weigh on unit margins in our fuel business in Mexico.

Income from operations decreased by 75.9% compared to 3Q25 and represented 0.6% of total revenues, representing a 220-basis point margin contraction year over year. This performance was mainly explained by the incorporation of OXXO Brazil losses into the consolidated results, coupled with the continued pressure on Fuel margins in Mexico described above. This was partially offset by improved operating performance in OXXO Chile, Peru and Colombia. Operating expenses increased above total revenue growth, reflecting the incorporation of OXXO Brazil and increased expenses as we continue to build capabilities to support future growth. On a comparable basis, income from operations decreased 29.9%.

Bara¹

Bara

Total revenues increased by 44.1% in 3Q26 compared to 3Q25, reflecting an average same-store sales increase of 10.3%, with an ongoing strong performance in the grocery, homecare and convenience categories and the addition of 325 net new Bara stores during the last twelve months, a 56.7% year over year increase in the store base. During the quarter, the Bara store base expanded by 112 units reaching a total of 898 Bara stores as of September 30, 2026.

¹ Bara store count and results are not consolidated within the Americas & Mobility reported figures.

October 28, 2026 | Page 5

EUROPE

3Q26 Financial Summary – Europe
Amounts expressed in millions of Mexican Pesos (Ps.)

		3Q26				3Q25				Var.				Comp.(A)
Same-store sales (thousands of Ps.)1			1,852.5				2,006.9				(7.7	)%			1.3	%
Total Revenues			14,063				14,837				(5.2	)%			4.0	%
Gross Profit			5,531				6,203				(10.8	)%			(2.2	)%
Gross Profit Margin (%)			39.3				41.8				(250 bps	)
Income from Operations			531				706				(24.8	)%			(17.5	)%
Income from Operations Margin (%)			3.8				4.8				(100 bps	)
Adjusted EBITDA			1,990				2,288				(13.0	)%			(4.5	)%
Adjusted EBITDA Margin (%)			14.2				15.4				(120 bps	)

Total revenues decreased 5.2% in 3Q26 compared to 3Q25, reflecting currency headwinds. On a currency-neutral basis, total revenues grew 4.0%, reflecting continued growth in our Swiss retail operations, supported by a favorable sales mix, partially offset by lower B2B sales and softer performance across formats in Germany, impacted by adverse weather, transport-related disruptions and a challenging consumer environment.

Gross profit represented 39.3% of total revenues, a 250-basis point margin contraction, reflecting a reclassification of distribution expenses from selling expenses to cost of goods sold, which is not reflected in 3Q25. Gross profit decreased 10.8% compared to 3Q25 and decreased 2.2% on a currency-neutral basis. Excluding the effects of this reclassification, gross profit would have decreased 7.4% in 3Q26, and the gross profit margin would have contracted 90 basis points from an adjusted base of 40.2% in 3Q25, mainly reflecting lower food and tobacco margins, partially offset by higher promotional income.

Income from operations decreased 24.8% versus 3Q25 and represented 3.8% of total revenues, a 100 basis-point contraction year-on-year, mainly impacted by a lower B2B contribution. This was partially offset by the solid performance of our Swiss retail operations, supported by higher promotional income and effective expense control. On a comparable basis, income from operations decreased 17.5%.

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

¹ Same-store Sales reflects a weighted average from our foodservice and retail operations.

October 28, 2026 | Page 6

HEALTH

3Q26 Financial Summary - Health
Amounts expressed in millions of Mexican Pesos (Ps.) except same-store sales

		3Q26				3Q25				Var.				Comp.(A)
Same-store sales (thousands of Ps.)1			1,055.9				1,009.1				4.6	%			6.5	%
Total Revenues			22,985				21,483				7.0	%			3.4	%
Gross Profit			5,977				6,458				(7.4	)%			(8.2	)%
Gross Profit Margin (%)			26.0				30.1				(410 bps	)
Income from Operations			319				869				(63.2	)%			(63.8	)%
Income from Operations Margin (%)			1.4				4.0				(260 bps	)
Adjusted EBITDA			2,049				2,415				(15.2	)%			(15.3	)%
Adjusted EBITDA Margin (%)			8.9				11.2				(230 bps	)

Total revenues increased 7.0% in 3Q26 compared to 3Q25, reflecting a positive performance in Colombia retail and Ecuador, partially offset by lower revenues from Colombia’s institutional business and softer performance in Chile. On a currency-neutral basis total revenues grew 3.4%. During the quarter, the net store base decreased by 15 units, reaching a total of 4,569 locations across our territories as of September 30, 2026, and it added 178 total net locations during the last twelve months. Same-store sales increased 4.6% in Mexican pesos and 6.5% on a currency-neutral basis.

Gross profit represented 26.0% of total revenues, a 410 basis-point margin contraction compared to 3Q25, mainly reflecting the reclassification of distribution expenses from selling expenses to cost of goods sold; this effect is not reflected in 3Q25. The decline in gross profit margin was also driven by an unfavorable sales mix in Chile and Ecuador, and margin pressure in Mexico. Gross profit decreased 7.4% compared to 3Q25, reflecting the effects mentioned above as well as the lower contribution from Colombia’s institutional business, as we de-escalate this segment of the business. Excluding the effects of this reclassification, and on a currency neutral basis, gross profit would have increased 1.4% while the gross profit margin would have contracted 80 basis points from a base of 26.8%.

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

¹ Same-store Sales reflects a weighted average from our operations.

October 28, 2026 | Page 7

Income from operations decreased 63.2% and represented 1.4% of total revenues, a reduction of 260 basis points from 4.0%, mainly reflecting a non-cash credit-risk provision of Ps. 430 million in connection with the unwinding process of Colombia’s institutional business and lower income from operations in Chile, mainly driven by the gross margin contraction described above. This was partially offset by the solid performance of Colombia retail, and a lower operating loss in Mexico, supported by continued cost and expense control. On a comparable basis, income from operations contracted by 63.8%.

October 28, 2026 | Page 8

SPIN¹

Spin by OXXO

Spin by OXXO acquired 0.8 million users during the quarter to reach 18.4 million total acquired users in 3Q26, compared to 15.3 million users in 3Q25. This represents an increase of 20.4% YoY and a 1.6% compound monthly growth rate. Active users² were 63.2% of the total acquired user base representing 17.3% growth YoY and reaching 11.7 million. Total transactions per month increased 56.0%³ YoY to reach an average of 131.2 million per month in 3Q26, reflecting an increase in user engagement.

Spin Premia

Spin Premia acquired 2.1 million users during the quarter to reach 69.2 million total acquired users in 3Q26, compared to 60.9 million users in 3Q25. This represents an increase of 13.6% YoY and a 1.1% compound monthly growth rate. Active users⁴ were 43.3% of the total acquired user base representing 8.3% growth YoY and reaching 30.0 million. The average tender during the quarter was 52.1%.

COCA-COLA FEMSA

Coca-Cola FEMSA’s financial results and discussion thereof are incorporated by reference from Coca-Cola FEMSA’s press release, which is attached to this press release or may be accessed by visiting coca-colafemsa.com.

¹ Spin results are not included in any FEMSA reporting segments.

² Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days.

³ Represents the growth of average monthly transactions in 3Q26 compared to average monthly transactions in 3Q25.

⁴ Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.

October 28, 2026 | Page 9

RESULTS FOR THE FIRST NINE MONTHS OF 2026

Results are compared to the same period of previous year

FEMSA CONSOLIDATED

Financial Summary for the First Nine Months of 2026

Amounts expressed in millions of Mexican Pesos (Ps.)

		2026				2025				Var.				Comp. (A)
Total Revenues			674,623				620,850				8.7	%			9.4	%
Gross Profit			270,849				250,148				8.3	%			9.3	%
Gross Profit Margin (%)			40.1				40.3				(20 bps	)
Income from Operations			53,365				49,442				7.9	%			12.4	%
Operating Margin (%)			7.9				8.0				(10 bps	)
Adjusted EBITDA1			96,342				85,573				12.6	%			15.4	%
Adjusted EBITDA Margin (%)			14.3				13.8				50 bps
Consolidated Net Income			37,456				20,359				84.0	%

Total revenues increased 8.7% in the first nine months of 2026 compared to the same period of 2025, driven by growth in Coca-Cola FEMSA, OXXO Mexico, Americas & Mobility and Health, partially offset by a decrease in Europe. Revenues reflected a net negative foreign exchange effect as the Mexican peso appreciated relative to other currencies; as a result, revenues grew 9.4% on a comparable basis.

Gross profit increased 8.3%, reflecting increases at OXXO Mexico, Coca-Cola FEMSA and Americas & Mobility, offset by Europe and Health. Gross margin contracted 20 basis points, reaching 40.1%. This reflects margin expansion in Coca-Cola FEMSA and Americas & Mobility, offset by contractions in OXXO Mexico, Europe and Health. It is important to highlight that the contractions in Europe and Health include the reclassification of distribution expenses from selling expenses to cost of goods sold, which does not impact income from operations. Excluding the effects of this reclassification, the gross margin for the first nine months of 2025 would have been 39.9%, an expansion of 20 basis points. On a comparable basis, which accounts for currency effects and M&A, gross profit increased 9.3%.

Income from operations increased 7.9%, driven by growth in Coca-Cola FEMSA and OXXO Mexico, partially offset by declines in Americas & Mobility, Europe and Health. The consolidated operating margin stood at 7.9%, contracting 10 basis points year over year, reflecting margin expansion in OXXO Mexico and Coca-Cola FEMSA, offset by margin contractions in Americas & Mobility, Europe and Health. On a comparable basis, income from operations increased 12.4%.

The effective income tax rate was 26.7% for the first nine months of 2026. This is largely explained by a one-time gain related to the BradyPLUS and Imperial Dade merger recorded in the first quarter of 2026, reflecting a non-cash accounting gain which increased profitability with no current tax effect. Excluding this impact, the effective income tax rate would be 34.8%. The gap between our effective tax rate and the statutory rate of 30% is mainly explained by non-deductible expenses, primarily at OXXO Mexico, and non-creditable tax loss effects, mainly from Spin. Our income tax provision for the first nine months of 2026 was Ps. 13,656 million, an increase of 6.2% relative to the same period of 2025, mainly reflecting the increase in income from operations.

Net consolidated income amounted to Ps. 37,456 million, representing an increase of 84.0% compared to the first nine months of 2025. This increase primarily reflected a one-time gain related to ImperialBrady, the result of the merger of BradyPLUS and Imperial Dade, recorded in the first quarter of 2026. Excluding this one-time gain, our net consolidated income amounted to Ps. 25,504 million, representing an increase of 12.1% compared to the first nine months of 2025. This increase primarily reflected growth in income from operations, as well as: i) a non-cash foreign exchange gain of Ps. 21 million, compared to a loss of Ps. 4,917 million in 2025, reflecting a favorable swing of Ps. 4,938 million, mainly due to a lower appreciation of the Mexican peso against the U.S. dollar and a lower U.S. dollar cash and investment balance; ii) a lower loss from participation in associates’ results of Ps. 55 million, compared to a loss of Ps. 995 million in 2025, which reflected the results of our participation in the joint venture in Brazil and our participation in ImperialBrady; and iii) the absence of the Ps. 813 million loss from discontinued operations² recorded in the first nine months of 2025. These effects were partially offset by: i) higher net interest expense of Ps. 12,865 million, compared to Ps. 9,822 million, mainly reflecting lower interest income of Ps. 4,053 million compared to Ps. 6,086 million, driven by lower interest rates and a lower cash and investment balance; ii) other financial expenses of Ps. 226 million, compared to income of Ps. 1,856 million in 2025, which reflected the valuation effect recorded in 2025 related to HKN shares; and iii) a higher income tax provision of Ps. 13,656 million, compared to Ps. 12,855 million.

Net majority income per FEMSA BD Unit³ was Ps. 7.97 (US$4.41 per ADS⁴).

Capital expenditures amounted to Ps. 24,476 million, representing 3.6% of total revenues and a decrease of 21.3% compared to the first nine months of 2025, mainly reflecting lower CAPEX at Coca-Cola FEMSA, driven by a more selective approach to capital deployment, and at OXXO Mexico, reflecting a more measured pace of store openings compared to the prior year, coupled with lower investments in Health and Europe. This was partially offset by higher CAPEX in Americas & Mobility, mainly reflecting the addition of OXXO Brazil to the comparison base and continued expansion investments across the region.

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance

¹ Adjusted EBITDA: Operating Income + Depreciation + Amortizations.

² Following the third-quarter 2025 divestitures, the initial derecognition of Solistica at face value resulted in a temporary loss of Ps. 3,146 million (Ps. 99 million loss on a comparable basis). In the fourth quarter, this effect was reversed and the disposal gain recalculated using the investment’s carrying amount. As a result, the Company recognized a full-year gain of Ps. 1,574 million in discontinued operations, reflecting the combined impact of the Solistica and PTM divestitures.

³ FEMSA Units” consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. Each FEMSA American Depositary Share (“ADS”) represents 10 FEMSA BD Units. The total number of FEMSA Units outstanding as of September 30, 2026 was 3,385,664,115.

⁴ The exchange rate published by the Federal Reserve Bank of New York for September 30, 2026 was 18.0609 MXN per USD.

October 28, 2026 | Page 10

RECENT DEVELOPMENTS

· On September 23, 2026, FEMSA announced the placement of a Swiss franc-denominated offering of senior unsecured bonds in the Swiss bond market, to be listed on the SIX Swiss Exchange. FEMSA successfully issued CHF $300 million in five-year senior unsecured bonds. The bonds will bear interest at an annual rate of 107 basis points over the relevant benchmark rate, for a yield of 1.73%.

The issuance received credit ratings of BBB+ from S&P Global Ratings and A from Fitch Ratings. The proceeds from the issuance will be used for general corporate purposes, improving FEMSA’s cost of debt and increasing its financial flexibility under extremely favorable conditions.

This transaction was settled on October 14, 2026.

· On September 14, 2026, FEMSA announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it entered into a new derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America to repurchase the Company’s shares through the acquisition of American Depositary Shares (“ADSs”). Under the terms of the ASR agreement, FEMSA agreed to repurchase from such financial institution an aggregate amount of up to US$280 million of its ADSs, subject to agreed-upon market conditions and delivery at maturity.

The final number of ADSs repurchased and delivered under the ASR agreement will be based on the daily volume-weighted average ADS price during the term of the agreement, less a discount, and subject to the agreement’s terms and conditions which may result in a lower total amount being repurchased. Final settlement is expected to occur before year-end 2026.

CONFERENCE CALL INFORMATION

Our third quarter 2026 Conference Call will be held on: Wednesday, October 28, 2026, 11:00 AM Eastern Time (9:00 AM Mexico City Time). The conference call will be live through our Zoom link. For registration, please visit:

Registration:                  https://bit.ly/FEMSA_3Q26

If you are unable to participate live, the conference call audio will be available on https://femsa.gcs-web.com/financial-reports/quarterly-results

ABOUT FEMSA

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in two core sectors, retail and beverages. In retail, FEMSA is present through four divisions: i) OXXO Mexico, operating the largest small-format store chain in Mexico; ii) Americas & Mobility, which includes its OXXO convenience store operations across Latin America and the United States, as well as its gas station business in Mexico and the United States; iii) Europe, operating convenience and foodvenience formats in five European countries; and iv) FEMSA Health, which includes drugstores and related activities in four Latin American countries. In Mexico, OXXO’s operations are enhanced by, and comprise a customer-focused ecosystem with Spin, a digital platform that leverages the OXXO store network to provide Mexican consumers with access to digital financial services, including Spin by OXXO and Spin Premia, among other initiatives. In the beverage sector, FEMSA participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 369,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.

The translations of Mexican pesos into US dollars are included solely for the convenience of the reader, using the noon buying rate for Mexican pesos as published by the Federal Reserve Bank of New York on September 30, 2026, which was 18.0609 Mexican pesos per US dollar.

October 28, 2026 | Page 11

FORWARD-LOOKING STATEMENTS

This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

Our consolidated financial statements as of and for the year ended December 31, 2026, are not yet available, and the independent audit of those financial statements is ongoing and has not yet been completed. The unaudited preliminary financial information as of and for the year ended December 31, 2026, presented herein, is preliminary and subject to change as we complete our financial closing procedures and prepare our consolidated financial statements, and as our independent registered public accounting firm completes its audit of such consolidated financial statements. As of the date of this release, our independent registered public accounting firm has not expressed an opinion or any other form of assurance on any financial information as of or for the year ended December 31, 2026, or on our internal control over financial reporting as of December 31, 2026. Our audited consolidated financial statements may differ materially from this preliminary information and will also include notes providing additional disclosures.

COMPARABILITY

Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding the effects of: (i) mergers, acquisitions, and divestitures; and (ii) translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

Ten pages of tables to follow

October 28, 2026 | Page 12

FEMSA – Consolidated Income Statement

Amounts expressed in millions of Mexican Pesos (Ps.)

		For the third quarter of:																								For the nine months of:
		2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)				2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)
Total revenues			235,609				100.0				214,638				100.0				9.8				9.4				674,623				100.0				620,850				100.0				8.7				9.4
Cost of sales			141,558				60.1				128,929				60.1				9.8								403,774				59.9				370,702				59.7				8.9
Gross profit			94,050				39.9				85,709				39.9				9.7				9.8				270,849				40.1				250,148				40.3				8.3				9.3
Administrative expenses			10,091				4.3				9,794				4.6				3.0								30,163				4.5				29,523				4.8				2.2
Selling expenses			64,514				27.4				58,023				27.0				11.2								188,065				27.9				171,772				27.7				9.5
Other operating expenses (income), net (1)			(473	)			(0.2	)			(233	)			(0.1	)			N.S.								(745	)			(0.1	)			(590	)			(0.1	)			26.3
Income from operations (2)			19,918				8.5				18,126				8.4				9.9				13.4				53,365				7.9				49,442				8.0				7.9				12.4
Other non-operating expenses (income)			544								436								24.8								(10,871	)							1,536								N.S.
Interest expense			5,911								5,470								8.1								16,918								15,908								6.3
Interest income			1,371								1,907								(28.1	)							4,053								6,086								(33.4	)
Interest expense, net			4,541								3,563								27.4								12,865								9,822								31.0
Foreign exchange loss (gain)			(1,121	)							1,261								N.S.								(21	)							4,917								N.S.
Other financial expenses (income), net			312								(55	)							N.S.								226								(1,856	)							N.S.
Financing expenses, net			3,732								4,769								(21.7	)							13,070								12,883								1.5
Income before income tax and participation in associates results			15,643								12,920								21.1								51,167								35,023								46.1
Income tax			5,080								3,785								34.2								13,656								12,855								6.2
Participation in associates results			7								(151	)							N.S.								(55	)							(995	)							(94.5	)
Continued Operations net income (Loss)			10,569								8,984								17.6								37,456								21,172								76.9
Discontinued Operations net income (Loss)			-								(3,146	)							N.S.								-								(813	)							N.S.
Consolidated net income (Loss)			10,569								5,838								81.0								37,456								20,359								84.0
Net majority income			6,810								2,415								N.S.								27,199								10,920								N.S.
Net minority income			3,759								3,423								9.8								10,257								9,439								8.7

Operative Cash Flow & CAPEX		2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)				2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)
Income from operations			19,918				8.5				18,126				8.4				9.9				13.4				53,365				7.9				49,442				8.0				7.9				12.4
Depreciation			10,811				4.6				10,316				4.8				4.8								31,979				4.7				29,897				4.8				7.0
Amortization & other non-cash charges			4,104				1.7				2,401				1.1				70.9								10,998				1.6				6,234				1.0				76.4
Adjusted EBITDA			34,833				14.8				30,843				14.4				12.9				14.5				96,342				14.3				85,573				13.8				12.6				15.4
CAPEX			9,408								13,128								(28.3	)							24,476								31,115								(21.3	)

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽¹⁾ Other operating expenses (income), net = other operating expenses (income) +(-) equity method from operated associates.

⁽²⁾ Income from operations = gross profit – administrative and selling expenses – other operating expenses (income), net.

October 28, 2026 | Page 13

FEMSA – Consolidated Balance Sheet

Amounts expressed in millions of Mexican Pesos (Ps.)

ASSETS		Sep-26				Dec-25				% Inc.
Cash and cash equivalents			111,063				107,980				2.9
Investments			6,112				20,042				(69.5	)
Accounts receivable			43,551				48,319				(9.9	)
Inventories			66,285				69,452				(4.6	)
Other current assets			41,421				37,323				11.0
Current Assets Available for sale			-				-				-
Total current assets			268,432				283,116				(5.2	)
Investments in shares			11,004				25,726				(57.2	)
Property, plant and equipment, net			199,936				189,672				5.4
Right of use			102,205				99,543				2.7
Intangible assets (1)			147,026				145,506				1.0
Other assets			80,892				52,314				54.6
TOTAL ASSETS			809,495				795,877				1.7

LIABILITIES & STOCKHOLDERS’ EQUITY		Sep-26				Dec-25				% Inc.
Bank loans			2,979				5,862				(49.2	)
Current maturities of long-term debt			9,687				14,812				(34.6	)
Interest payable			1,919				1,790				7.2
Current maturities of long-term leases			17,193				15,188				13.2
Operating liabilities			201,399				172,362				16.8
Short term liabilities available for sale			-				-				-
Total current liabilities			233,177				210,014				11.0
Long-term debt (2)			126,466				126,992				(0.4	)
Long-term leases			97,625				94,703				3.1
Labor obligations			11,265				10,719				5.1
Other liabilities			29,982				24,097				24.4
Total liabilities			498,515				466,525				6.9
Total stockholders’ equity			310,980				329,352				(5.6	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			809,495				795,877				1.7

		September 30, 2026
DEBT MIX (2)		% of Total				Average Rate
Denominated in:
Mexican pesos			58.3	%			8.9	%
U.S. Dollars			26.3	%			3.3	%
Euros			0.0	%			0.0	%
Swiss Francs			0.0	%			0.0	%
Colombian pesos			1.1	%			13.1	%
Argentine pesos			0.7	%			28.3	%
Brazilian reais			12.8	%			8.4	%
Chilean pesos			0.8	%			6.0	%
Total debt			100.0	%			7.5	%
Fixed rate (2)			82.7	%
Variable rate (2)			17.3	%

DEBT MATURITY PROFILE		2026				2027				2028				2029				2030				2031+
% of Total Debt			1.8	%			9.8	%			11.2	%			6.1	%			13.1	%			58.1	%

⁽¹⁾ Includes mainly the intangible assets generated by acquisitions.

⁽²⁾ Includes the effect of derivative financial instruments on long-term debt.

October 28, 2026 | Page 14

Net Debt & Adjusted EBITDA ex-KOF

Amounts expressed in millions of US Dollars (US.)

		Twelve months ended September 30, 2026
		Reported Adj. EBITDA				Adjustments				Adj. EBITDA Ex-KOF
OXXO Mexico, Americas & Mobility			3,170				-				3,170
Europe			452				-				452
Health Division			475				-				475
Envoy Solutions			-				-				-
Coca-Cola FEMSA1			3,499				(3,499	)			-
Other2			(74	)			-				(74	)
FEMSA Consolidated			7,521				(3,499	)			4,022
Dividends Received3			-				420				420
FEMSA Consolidated ex-KOF			7,521				(3,079	)			4,442

		As of September 30, 2026
		Reported				Adjustments				Ex-KOF
Cash & Equivalents			3,898				-				3,898
Coca-Cola FEMSA Cash & Equivalents			2,590				(2,590	)			-
Cash & Equivalents			6,488				(2,590	)			3,898
Financial Debt			3,032				-				3,032
Coca-Cola FEMSA Financial Debt			4,671				(4,671	)			-
Lease Liabilities			6,137				-				6,137
Coca-Cola FEMSA Lease Liabilities			220				(220	)			-
Debt			14,061				(4,892	)			9,169
FEMSA Net Debt			7,573				(2,302	)			5,271

Translated to USD for readers’ convenience using the exchange rate published by the Federal Reserve Bank of New York for September 30, 2026 which was 18.0609 MXN per USD.

1 Coca-Cola FEMSA adjustment represents 100% of its LTM EBITDA.

2 Includes FEMSA Other Businesses (including Bara and Spin), FEMSA corporate expenses, and the effects of consolidation adjustments

3 Reflects cash dividends received from Coca-Cola FEMSA for approximately US$420 mm during the last twelve months.

October 28, 2026 | Page 15

EPS with Repurchased Shares

Amounts expressed in millions of Mexican Pesos (Ps.)

As Reported

Total Units Issued(1)(2)
FEMSA Units Issued(1)			3,412,732,415

		YTD			3Q26
Net majority income		27,199			6,810
# FEMSA Units Issued(1)		3,412,732,415
EPS (Mxn Ps. / Unit)		7.97			2.00

Proforma

Total Units Outstanding (3)
FEMSA Units Outstanding(1)			3,385,664,115

Units in Treasury
FEMSA Units(1)			27,068,300

		YTD			3Q26
Net majority income		27,199			6,810
# FEMSA Units Outstanding		3,385,664,115
EPS (Mxn Ps. / Unit)		8.03			2.01

⁽¹⁾ “FEMSA Units Issued” consist of all FEMSA BD Units and FEMSA B Units issued, including any FEMSA Units held in treasury.

⁽²⁾ At our Shareholders meeting held on March 27 of 2026, the cancellation of the shares acquired from the stock repurchase program during the period from April 2025 to March 2026 was approved. The total FEMSA Units Cancelled are for the amount of 56,737,112 units.
⁽³⁾ “FEMSA Units Outstanding" consist of FEMSA BD Units and FEMSA B Units issued and outstanding, excluding any FEMSA Units held in treasury.

October 28, 2026 | Page 16

OXXO Mexico – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

		For the third quarter of:																				For the nine months of:
		2026				% of rev.				2025				% of rev.				% Var.				2026				% of rev.				2025				% of rev.				% Var.
Total revenues			86,652				100.0				78,539				100.0				10.3				247,767				100.0				224,822				100.0				10.2
Cost of sales			47,842				55.2				42,416				54.0				12.8				135,735				54.8				122,608				54.5				10.7
Gross profit			38,810				44.8				36,123				46.0				7.4				112,032				45.2				102,214				45.5				9.6
Administrative expenses			2,189				2.5				2,224				2.8				(1.6	)			6,453				2.6				6,278				2.8				2.8
Selling expenses			28,319				32.7				26,230				33.4				8.0				82,787				33.4				75,735				33.7				9.3
Other operating expenses (income), net			261				0.3				66				0.1				N.S.				428				0.2				232				0.1				84.5
Income from operations			8,041				9.3				7,603				9.7				5.8				22,364				9.0				19,968				8.9				12.0
Depreciation			3,852				4.4				3,651				4.6				5.5				11,427				4.6				10,713				4.8				6.7
Amortization & other non-cash charges			762				0.9				377				0.5				N.S.				2,685				1.1				1,105				0.5				N.S.
Adjusted EBITDA			12,655				14.6				11,631				14.8				8.8				36,476				14.7				31,786				14.1				14.8
CAPEX			3,373								3,843								(12.2	)			8,638								10,166								(15.0	)
Information of OXXO Stores
Total stores
																							24,759								24,057								2.9
Net new convenience stores:
vs. Last quarter			51								181								(71.8	)
Year-to-date			462								851								(45.7	)
Last-twelve-months			702								1,126								(37.7	)
Same-store data: (1)
Sales (thousands of pesos)			1,088.6								997.1								9.2				1,048.2								967.7								8.3
Traffic (thousands of transactions)			17.3								16.7								3.5				16.7								16.4								1.7
Ticket (pesos)			62.8								59.6								5.5				62.7								58.9								6.5

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽¹⁾ Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included.

October 28, 2026 | Page 17

Americas & Mobility – Results of Operations
Amounts expressed in millions of Mexican Pesos (Ps.)

		For the third quarter of:																								For the nine months of:
		2026				% of rev.				2025				% of rev.				% Var.				%  Comp.(A)				2026				% of rev.				2025				% of rev.				% Var.				%  Comp.(A)
Total revenues			29,466				100.0				24,960				100.0				18.1				10.9				83,021				100.0				71,426				100.0				16.2				11.1
Cost of sales			24,530				83.2				20,797				83.3				17.9								69,191				83.3				59,906				83.9				15.5
Gross profit			4,937				16.8				4,163				16.7				18.6				4.5				13,830				16.7				11,520				16.1				20.1				9.8
Administrative expenses			1,015				3.4				491				2.0				N.S.								2,359				2.8				1,496				2.1				57.7
Selling expenses			3,649				12.4				2,935				11.8				24.3								10,724				12.9				8,349				11.7				28.4
Other operating expenses (income), net			103				0.3				31				0.1				232.3								218				0.3				96				0.1				N.S.
Income from operations			170				0.6				706				2.8				(75.9	)			(29.9	)			530				0.6				1,580				2.2				(66.5	)			(8.7	)
Depreciation			814				2.8				711				2.8				14.5								2,330				2.8				1,885				2.6				23.6
Amortization & other non-cash charges			434				1.5				(13	)			(0.1	)			N.S.								940				1.1				235				0.3				N.S.
Adjusted EBITDA			1,418				4.8				1,404				5.6				1.0				(0.4	)			3,801				4.6				3,700				5.2				2.7				10.2
CAPEX			365								286								27.6								981								705								39.1
Information of Stores
Total stores																											1,986								1,930								2.9
Stores Brazil																											641								609								5.3
Stores Colombia																											648								640								1.3
Stores Chile																											244								232								5.2
Stores Peru																											222								207								7.2
Stores USA																											231								242								(4.5	)
Net new stores:
vs. Last quarter			33								23								43.5
Year-to-date			89								80								11.3
Last-twelve-months			56								289								(80.6	)
Same-store data: (1)
Sales (thousands of pesos)			1,176.6								1,033.9								13.8				15.8				1,122.1								1,019.1								10.1				16.3

October 28, 2026 | Page 18

Currency Neutral      

		Total Revenue Growth				Total Unit Growth				Same-Store Sales Growth(2)
OXXO Americas			10.9				2.9				15.8
Brazil(3)			NA				5.3				5.1
Latam(4)			24.4				3.2				21.2
USA(5)			(0.2	)			(4.5	)			1.5

Information of Gas Stations		2026				2025				% Var.
Total stations			772				798				(3.3	)
Mexico			544				558				(2.5	)
USA			228				240				(5.0	)
Net new service stations:
vs. Last quarter			(9	)			(6	)			50.0
Year-to-date			(18	)			(18	)			0.0
Last-twelve-months			(26	)			229				N.S.
Volume (millions of liters) total stations(6)			986.3				953.9				3.4
Unit margin (pesos per liter)(6) (7)			2.28				2.52				(9.6	)

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽¹⁾ Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included.

⁽²⁾ Same-store Sales OXXO Americas (Colombia, Chile, Peru and the U.S.A.).

⁽³⁾ Local currency (BRL).

⁽⁴⁾ Includes a weighted average of OXXO Colombia, Chile and Peru.

⁽⁵⁾ Local currency (USD).

⁽⁶⁾ Includes fuel operations in Mexico and in the US, with U.S. volumes converted to Liters.

⁽⁷⁾ For readers’ convenience in calculating the equivalent price in U.S. cents per gallon, please refer to the exchange rate of 18.0609 MXN per USD, as published by the Federal Reserve Bank of New York for September 30, 2026, and a conversion factor of 3.785 liters per US gallon.

October 28, 2026 | Page 19

Europe – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

		For the third quarter of:																								For the nine months of:
		2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)				2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)
Total revenues			14,063				100.0				14,837				100.0				(5.2	)			4.0				41,474				100.0				42,811				100.0				(3.1	)			2.9
Cost of sales			8,532				60.7				8,634				58.2				(1.2	)							24,759				59.7				24,944				58.3				(0.7	)
Gross profit			5,531				39.3				6,203				41.8				(10.8	)			(2.2	)			16,714				40.3				17,867				41.7				(6.5	)			(0.6	)
Administrative expenses			950				6.8				927				6.2				2.5								2,795				6.7				2,790				6.5				0.2
Selling expenses			4,090				29.1				4,582				30.9				(10.7	)							12,461				30.0				13,414				31.3				(7.1	)
Other operating expenses (income), net			(39	)			(0.3	)			(12	)			(0.1	)			N.S.								(65	)			(0.2	)			(62	)			(0.1	)			4.8
Income from operations			531				3.8				706				4.8				(24.8	)			(17.5	)			1,523				3.7				1,725				4.0				(11.6	)			(5.4	)
Depreciation			1,280				9.1				1,374				9.3				(6.8	)							3,923				9.5				4,078				9.5				(3.8	)
Amortization & other non-cash charges			179				1.3				208				1.4				(13.9	)							497				1.2				415				1.0				19.8
Adjusted EBITDA			1,990				14.2				2,288				15.4				(13.0	)			(4.5	)			5,943				14.3				6,217				14.5				(4.4	)			1.7
CAPEX			320								471								(32.1	)							990								1,082								(8.5	)

Information of Stores																		2026				2025				% Var.				% Comp.(A)
Total stores																			2,762				2,772				(0.4	)
Same-store data: (1)
Sales (thousands of pesos)			1,852.5				2,006.9				(7.7	)			1.3				1,834.9				1,941.4				(5.5	)			1.0

^(A) Refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽¹⁾ Monthly average information per store. Same-store Sales reflect a weighted average from our foodservice and retail operations.

October 28, 2026 | Page 20

Health – Results of Operations
Amounts expressed in millions of Mexican Pesos (Ps.)

		For the third quarter of:																								For the nine months of:
		2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)				2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)
Total revenues			22,985				100.0				21,483				100.0				7.0				3.4				67,488				100.0				65,305				100.0				3.3				4.9
Cost of sales			17,008				74.0				15,024				69.9				13.2								49,771				73.7				45,898				70.3				8.4
Gross profit			5,977				26.0				6,458				30.1				(7.4	)			(8.2	)			17,717				26.3				19,407				29.7				(8.7	)			(5.9	)
Administrative expenses			680				3.0				672				3.1				1.2								2,153				3.2				2,298				3.5				(6.3	)
Selling expenses			4,925				21.4				4,865				22.6				1.2								14,165				21.0				14,614				22.4				(3.1	)
Other operating expenses (income), net			52				0.2				53				0.2				(1.9	)							75				0.1				41				0.1				82.9
Income from operations			319				1.4				869				4.0				(63.2	)			(63.8	)			1,323				2.0				2,454				3.8				(46.1	)			(44.2	)
Depreciation			927				4.0				897				4.2				3.3								2,807				4.2				2,731				4.2				2.8
Amortization & other non-cash charges			803				3.5				648				3.0				23.9								1,963				2.9				1,190				1.8				65.0
Adjusted EBITDA			2,049				8.9				2,415				11.2				(15.2	)			(15.3	)			6,093				9.0				6,376				9.8				(4.4	)			(1.1	)
CAPEX			226								325								(30.5	)							665								938								(29.1	)
Information of Stores
Total stores																											4,569								4,391								4.1
Stores Mexico																											1,259								1,315								(4.3	)
Stores South America																											3,310								3,076								7.6
Net new stores:
vs. Last quarter			(15	)							70								N.S
Year-to-date			66								(270	)							N.S
Last-twelve-months			178								(141	)							N.S
Same-store data: (1)
Sales (thousands of pesos)			1,055.9								1,009.1								4.6				6.5				1,042.5								1,024.5								1.8				6.6

Currency Neutral  

		Total Revenue Growth				Total Unit Growth				Same-Store Sales Growth(6)
Health(2)			3.4				4.1				6.5
Mexico			21.2				(4.3	)			2.7
Chile(3)			8.4				5.2				(0.8	)
Colombia(4)			(2.2	)			5.0				21.9
Ecuador(5)			14.8				12.6				8.4

^(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽¹⁾ Monthly average information per location, considering same locations with more than twelve months of all the operations of the Health Division.

⁽²⁾ Local currency weighted average.

⁽³⁾ Local currency (CLP).

⁽⁴⁾ Local currency (COP).

⁽⁵⁾ Local currency (USD).

⁽⁶⁾ Only includes retail sales. In Ecuador, includes franchised stores

October 28, 2026 | Page 21

Coca-Cola FEMSA – Results of Operations
Amounts expressed in millions of Mexican Pesos (Ps.)

		For the third quarter of:																								For the nine months of:
		2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)				2026				% of rev.				2025				% of rev.				% Var.				% Comp.(A)
Total revenues			79,718				100.0				71,884				100.0				10.9				11.3				227,190				100.0				213,984				100.0				6.2				10.4
Cost of sales			42,636				53.5				39,493				54.9				8.0								120,815				53.2				117,134				54.7				3.1
Gross profit			37,082				46.5				32,391				45.1				14.5				14.8				106,374				46.8				96,850				45.3				9.8				14.1
Administrative expenses			4,015				5.0				3,722				5.2				7.9								11,942				5.3				11,256				5.3				6.1
Selling expenses			21,998				27.6				18,634				25.9				18.1								64,161				28.2				56,916				26.6				12.7
Other operating expenses (income), net			(805	)			(1.0	)			(256	)			(0.4	)			N.S.								(1,303	)			(0.6	)			(555	)			(0.3	)			N.S.
Income from operations			11,874				14.9				10,291				14.3				15.4				16.4				31,574				13.9				29,234				13.7				8.0				11.9
Depreciation			3,553				4.5				3,215				4.5				10.5								10,403				4.6				9,445				4.4				10.1
Amortization & other non-cash charges			1,367				1.7				943				1.3				45.0								3,235				1.4				2,260				1.1				43.1
Adjusted EBITDA			16,794				21.1				14,449				20.1				16.2				17.0				45,213				19.9				40,939				19.1				10.4				15.0
CAPEX			4,362								7,821								(44.2	)							11,580								17,461								(33.7	)
Sales Volumes
(Millions of unit cases)
Mexico and Central America			641.5				58.9				612.1				59.1				4.8								1,831.9				58.0				1,802.2				59.0				1.6
South America			158.2				14.5				143.8				13.9				10.1								452.8				14.3				414.7				13.6				9.2
Brazil			290.0				26.6				279.2				27.0				3.9								875.3				27.7				839.9				27.5				4.2
Total			1,089.8				100.0				1,035.0				100.0				5.3								3,160.0				100.0				3,056.8				100.0				3.4

(A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

October 28, 2026 | Page 22

FEMSA Macroeconomic Information

		Inflation
		3Q 2026				LTM (1) Sep-26
Mexico			0.60	%			3.42	%
Colombia			0.62	%			6.46	%
Brazil			-0.05	%			4.60	%
Argentina			3.98	%			33.70	%
Chile			0.79	%			3.91	%
Euro Zone			1.20	%			3.52	%
Switzerland			-0.46	%			0.51	%

		Average Exchange Rates for each Period
			Sep-26								Sep-25
			Per USD				Per MXN				Per USD				Per MXN
Mexico			17.17				1.0000				18.53				1.0000
Colombia			3,181.68				0.0054				3,924.24				0.0047
Brazil			5.14				3.3374				5.37				3.4514
Argentina			1,513.77				0.0113				1,401.07				0.0132
Chile			947.27				0.0181				960.37				0.0193
Euro Zone			0.87				19.8311				0.85				21.7083
Switzerland			0.82				20.9583				0.80				23.2548

		End-of-Period Exchange Rates
			Sep-26								Sep-25
			Per USD				Per MXN				Per USD				Per MXN
Mexico			17.84				1.0000				18.38				1.0000
Colombia			3,341.23				0.0053				3,901.29				0.0047
Brazil			5.18				3.4437				5.32				3.4563
Argentina			1,517.00				0.0118				1,380.00				0.0133
Chile			972.60				0.0183				962.39				0.0191
Euro Zone			0.87				20.5070				0.85				21.5061
Switzerland			0.83				21.4233				0.80				23.0907

⁽¹⁾ LTM = Last twelve months.

October 28, 2026 | Page 23

INVESTOR RELATIONS
Pamela Ortiz | pamela.ortiz@kof.com
Natalia Sariñana | natalia.sarinana@kof.com
Bryan Silva | bryan.silva@kof.com
Emilio Díaz | emilio.diaz@kof.com
kofmxinves@kof.com

Mexico City, October 26, 2026, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the third quarter of 2026.

THIRD QUARTER HIGHLIGHTS

· Volume increased 5.3%.

· Revenue increased 10.9%; on a currency neutral basis, revenue grew 11.3%.

· Operating income increased 15.4%; on a currency neutral basis, operating income increased 16.4%.

· Majority net income increased 5.5%, driven mainly by an increase in our operating income, partially offset by a higher comprehensive financial result.

· Earnings per share¹ were Ps. 0.37 (Earnings per unit were Ps. 2.96 and per ADS were Ps. 29.62.).

FIRST NINE MONTHS HIGHLIGHTS

· Volume increased 3.4%.

· Revenue increased 6.2%; on a currency neutral basis, revenue grew 10.4%.

· Operating income increased 8.0%; on a currency neutral basis, operating income grew 11.9%.

· Majority net income increased 2.7%.

· Earnings per share¹ were Ps. 1.00 (Earnings per unit were Ps. 7.99 and per ADS were Ps. 79.89.).

FINANCIAL SUMMARY FOR THE THIRD QUARTER RESULTS

Change vs. same period of last year

				Total Revenues								Gross Profit								Operating Income								Majority Net Income
				3Q26				YTD 2026				3Q26				YTD 2026				3Q26				YTD 2026				3Q26				YTD 2026
		Consolidated			10.9	%			6.2	%			14.5	%			9.8	%			15.4	%			8.0	%			5.5	%			2.7	%
As Reported		Mexico & Central America			8.3	%			2.4	%			11.6	%			5.5	%			(3.1	)%			(8.6	)%
		South America			14.7	%			11.7	%			19.2	%			17.1	%			51.2	%			38.9	%
		Consolidated			11.3	%			10.4	%			14.8	%			14.1	%			16.4	%			11.9	%
Comparable (2)		Mexico & Central America			9.3	%			4.2	%			12.6	%			7.4	%			(2.2	)%			(6.7	)%
		South America			14.1	%			20.0	%			18.4	%			25.8	%			52.3	%			48.1	%

Ian Craig, Coca-Cola FEMSA’s CEO, commented:

“I would like to express our solidarity with the communities affected by the earthquake that struck Colombia in August. We joined forces with FEMSA and The Coca-Cola Company to provide beverages, meals, and essential supplies, and remain committed to support affected traditional trade stores.

During the third quarter, we delivered volume growth across all our operations, achieved a record third-quarter consolidated volume, and continued to gain market share. In Mexico, our revenue growth management strategy enabled us to sustain a strong competitive position and drive sequential improvement in our results, despite consumer conditions that remained challenging throughout the quarter.

South America delivered strong performance, with double-digit operating income growth in Brazil and Colombia driving the results. Our leadership position was further strengthened by the acceleration of our digital transformation and the momentum across our broad portfolio.

Our geographic diversification continues to deliver value, with the strength and balance of our operations supporting our consolidated results and reinforcing the resilience of our business”.

	(1)	Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.
	(2)	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 2 of 17

RECENT DEVELOPMENTS

· On October 13, 2026, Coca-Cola FEMSA paid the third installment of the ordinary dividend approved for Ps. 0.241875 per share, for a total cash distribution of Ps. 4,065.1 million.

· Coca-Cola FEMSA achieved a score of 82/100 in S&P Global’s 2026 Corporate Sustainability Assessment (CSA), an increase of 12 points over the last two years. This progress reflects the continued strength of our sustainability strategy and sustainability-related disclosures, including our first reporting aligned with the TNFD framework. This achievement underscores our focus on continuous improvement and long-term value creation across the communities we serve.

CONFERENCE CALL INFORMATION

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 3 of 17

CONSOLIDATED THIRD QUARTER RESULTS

CONSOLIDATED THIRD QUARTER RESULTS

		As Reported												Comparable (1)
Expressed in millions of Mexican pesos		3Q 2026				3Q 2025				Δ%				Δ%
Total revenues			79,718				71,884				10.9	%			11.3	%
Gross profit			37,082				32,391				14.5	%			14.8	%
Operating income			11,874				10,291				15.4	%			16.4	%
Adj. EBITDA (2)			16,794				14,449				16.2	%			17.0	%

Volume increased 5.3% to 1,089.8 million-unit cases, driven by volume growth in all our operations.

Total revenues increased 10.9% to Ps. 79,718 million. This increase was driven mainly by volume growth, coupled with revenue management initiatives, which were partially offset by unfavorable mix and negative translation effects from most our operating currencies into Mexican pesos. Excluding currency translation effects, total revenues increased 11.3%.

Gross profit increased 14.5% to Ps. 37,082 million, and gross margin expanded 140 basis points to 46.5%. This expansion was driven mainly by lower sweetener and PET costs supported by our raw material hedging initiatives, coupled with the appreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by unfavorable mix effects, coupled with higher aluminum costs. Excluding currency translation effects, gross profit increased 14.8%.

Operating income increased 15.4% to Ps. 11,874 million, and operating margin expanded 60 basis points to 14.9%. This margin expansion was driven mainly by the recognition of Ps. 1,055 million, net of expenses, related to insurance claims in Brazil. Additionally, operating leverage and expense efficiencies in IT expenses and rent contributed to profitability. These effects were partially offset by an increase in freight, marketing, labor, and maintenance expenses. Moreover, we registered an operative foreign exchange loss in the quarter as compared to a gain in the same period of the previous year. Excluding currency translation effects, operating income increased 16.4%.

(1)	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
(2)	Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 4 of 17

Comprehensive financing result recorded an expense of Ps. 2,019 million, compared to an expense of Ps. 1,290 million in the previous year. This increase was driven mainly by higher interest expense, net, reflecting the issuance of new debt during the first quarter of 2026 in Mexican pesos, partially offset by higher interest income from a stronger cash position.

In addition, we recorded a loss on financial instruments of Ps. 377 million, as compared to a loss of Ps. 39 million in the same period of the previous year, reflecting higher interest rates in Brazil.

Additionally, we recognized a lower gain in monetary positions in inflationary subsidiaries related to Argentina for Ps. 64 million as compared to a gain of Ps. 136 million recorded in the same period of the previous year.

These effects were partially offset by a lower foreign exchange loss of Ps. 23 million in the third quarter of 2026 as compared to a loss of Ps. 65 million in the same period of the previous year. The loss this year was driven mainly by the quarterly appreciation of the Colombian peso as applied to our U.S. dollar-denominated cash position.

Income tax as a percentage of income before taxes was 33.4% as compared to 30.9% during the same period of 2025. This increase was driven mainly by inflationary effects in Mexico.

Net income attributable to equity holders of the company increased 5.5% to reach Ps. 6,223 million. This increase was driven mainly by an increase in our operating income, partially offset by a higher income tax and increase in our comprehensive financing result. Earnings per share¹ were Ps. 0.37 (Earnings per unit were Ps. 2.96 and per ADS were Ps. 29.62.).

⁽¹⁾ Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 5 of 17

CONSOLIDATED FIRST NINE MONTHS RESULTS

CONSOLIDATED FIRST NINE MONTHS RESULTS

		As Reported												Comparable (1)
Expressed in millions of Mexican pesos		YTD 2026				YTD 2025				Δ%				Δ%
Total revenues			227,190				213,984				6.2	%			10.4	%
Gross profit			106,374				96,850				9.8	%			14.1	%
Operating income			31,574				29,234				8.0	%			11.9	%
Adj. EBITDA (2)			45,213				40,939				10.4	%			15.0	%

Volume increased 3.4% to 3,160.0 million-unit cases, driven by volume increases in all our operations.

Total revenues increased 6.2% to Ps. 227,190 million. This increase was driven mainly by volume growth, coupled with revenue management initiatives, partially offset by unfavorable currency translation effects from most of our operating currencies into Mexican pesos and mix effects. Excluding currency translation effects, total revenues increased 10.4%.

Gross profit increased 9.8% to Ps. 106,374 million, and gross margin expanded 150 basis points to 46.8%. This performance was driven mainly by lower sweetener costs, top-line growth, raw material hedging initiatives, and the appreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. Excluding currency translation effects, gross profit increased 14.1%.

Operating income increased 8.0% to Ps. 31,574 million, while operating margin expanded 20 basis points to 13.9%. This margin expansion was driven mainly by the recognition of an income of Ps. 1,313 million related to insurance claims in Brazil and Mexico, and higher operating leverage and expense efficiencies such IT expenses and rent. These effects were offset by higher marketing, depreciation, freight, and maintenance expenses. Moreover, we registered a lower operative foreign exchange gain in the period as compared to the same period of the previous year. Excluding currency translation effects, operating income increased 11.9%.

(1)	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
(2)	Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 6 of 17

Comprehensive financing result recorded an expense of Ps. 5,103 million, compared to an expense of Ps. 3,588 million in the same period of the previous year. This increase was driven mainly by a higher interest expense, net, of Ps. 4,853 million as compared to Ps. 4,049 million in the same period of the previous year resulting from higher interest expense, driven mainly by new debt issued during the second quarter of 2025 and the first quarter of 2026.

Additionally, we recorded a loss in financial instruments of Ps. 456 million as compared to a gain of Ps. 249 million in the same period of the previous year, resulting from the market value of financial instruments.

These effects were partially offset by a gain in monetary positions in inflationary subsidiaries related to Argentina for Ps. 250 million as compared to a gain of Ps. 275 million in the same period of the previous year.

Income tax as a percentage of income before taxes was 33.2% as compared to 33.4% during the same period of 2025.

Net income attributable to equity holders of the company was Ps. 16,784 million as compared to Ps 16,343 million during the same period of the previous year. This increase was driven mainly by an increase in our operating income, partially offset by a higher comprehensive financing result. Earnings per share¹ were Ps. 1.00 (Earnings per unit were Ps. 7.99 and per ADS were Ps. 79.89.).

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 7 of 17

MEXICO & CENTRAL AMERICA DIVISION THIRD QUARTER RESULTS

(Mexico, Guatemala, Costa Rica, Panama, and Nicaragua)

MEXICO & CENTRAL AMERICA DIVISION RESULTS

		As Reported												Comparable (1)
Expressed in millions of Mexican pesos		3Q 2026				3Q 2025				Δ%				Δ%
Total revenues			45,976				42,467				8.3	%			9.3	%
Gross profit			22,507				20,163				11.6	%			12.6	%
Operating income			6,574				6,787				(3.1	)%			(2.2	)%
Adj. EBITDA (2)			9,571				9,280				3.1	%			4.2	%

Volume increased 4.8% to 641.5 million-unit cases, driven by volume growth in all our territories in the division.

Total revenues increased 8.3% to Ps. 45,976 million. This performance was driven mainly by volume increases, coupled with revenue management initiatives, partially offset by unfavorable mix and currency translation effects from most of our operating currencies in the division into Mexican pesos. Excluding currency translation effects, total revenues increased 9.3%.

Gross profit increased 11.6% to Ps. 22,507 million, and gross margin expanded 150 basis points to 49.0%. This margin expansion was driven mainly by lower sweetener and PET costs as compared to the previous year, coupled with the appreciation of all the currencies in the division as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by unfavorable mix effects. Excluding currency translation, gross profit increased 12.6%

Operating income decreased 3.1% to Ps. 6,574 million, and operating margin contracted 170 basis points to 14.3%. This operating margin contraction was driven mainly by higher operating expenses, particularly in marketing, depreciation, maintenance, and freight. In addition, this year we reported a loss in operating foreign exchange as compared to a gain in the same period of the previous year. These effects were partially offset by expense efficiencies in rent and IT. Excluding currency translation effects, operating income decreased 2.2%

(1)	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
(2)	Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 8 of 17

SOUTH AMERICA DIVISION THIRD QUARTER RESULTS

(Brazil, Argentina, Colombia, and Uruguay)

 

SOUTH AMERICA DIVISION RESULTS

		As Reported												Comparable (1)
Expressed in millions of Mexican pesos		3Q 2026				3Q 2025				Δ%				Δ%
Total revenues			33,742				29,416				14.7	%			14.1	%
Gross profit			14,575				12,228				19.2	%			18.4	%
Operating income			5,300				3,505				51.2	%			52.3	%
Adj. EBITDA (2)			7,223				5,169				39.7	%			39.9	%

Volume increased 6.0% to 448.3 million-unit cases, driven by volume growth in all our operations, mainly 15.9% in Colombia and 3.9% in Brazil.

Total revenues increased 14.7% to Ps. 33,742 million. This increase was driven mainly by volume growth, revenue management initiatives, and a favorable currency translation effect from Colombia into Mexican pesos, partially offset by an unfavorable currency translation effect from the rest of our operating currencies in the division into Mexican pesos. Excluding currency translation effects, total revenues increased 14.1%.

Gross profit increased 19.2% to Ps. 14,575 million, and gross margin expanded 160 basis points to 43.2% This expansion was driven mainly by our top-line performance, coupled with our hedging initiatives, together with the appreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by higher aluminum cost. Excluding currency translation effects, gross profit increased 18.4%.

Operating income increased 51.2% to Ps. 5,300 million, resulting in an operating margin expansion of 380 basis points to 15.7%. This performance includes the recognition of Ps. 1,055 million in income related to insurance claims in Brazil, net of expenses. Additionally, operating leverage and expense efficiencies contributed to the positive performance. These effects were partially offset by higher marketing, freight, depreciation, and labor expenses. Excluding currency translation effects, operating income increased 52.3%.

(1)	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
(2)	Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 9 of 17

DEFINITIONS

Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.

Transactions refer to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

Operating income is a non-GAAP financial measure computed as “gross profit – operating expenses – other operating expenses, net + operative equity method (gain) loss in associates.”

Adjusted EBITDA is a non-GAAP financial measure computed as “operating income + depreciation + amortization & other operating non-cash charges.”

Earnings per share are equal to “quarterly earnings / shares outstanding.” Earnings per share (EPS) are calculated using 16,806,658,096 shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

COMPARABILITY

Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

Due to the average depreciation of the Argentine peso and most of the operating currencies relative to the Mexican peso in the third quarter of 2026, as compared to the same period of 2025, we had an unfavorable currency translation effect into Mexican pesos. Please see page 17 for exchange rate fluctuations.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 10 of 17

ABOUT THE COMPANY

Stock listing information: Mexican Stock Exchange, Ticker: KOFUBL | NYSE (ADS), Ticker: KOF | Ratio of KOFUBL to KOF = 10:1

Coca-Cola FEMSA files reports, including annual reports and other information, with the U.S. Securities and Exchange Commission, or the “SEC”, and the Mexican Stock Exchange (Bolsa Mexicana de Valores, or the “BMV”) pursuant to the rules and regulations of the SEC (that apply to foreign private issuers) and of the BMV. Filings we make electronically with the SEC and the BMV are available to the public on the Internet at the SEC’s website at www.sec.gov, the BMV’s website at www.bmv.com.mx, and our website at www.coca-colafemsa.com.

Coca-Cola FEMSA, S.A.B. de C.V. is the largest Coca-Cola franchise bottler in the world by sales volume. The Company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio to more than 268 million consumers. With over 90,000 employees, the Company markets and sells approximately 4.2 billion-unit cases through more than 2.1 million points of sale a year. Operating 55 manufacturing plants and 256 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all its stakeholders across the value chain. The Company is a member of the Dow Jones Best-In-Class World Index, Dow Jones Best-In-Class MILA Pacific Alliance Index, FTSE4Good Emerging Index, S&P/BMV Total Mexico ESG Index, and the MSCI ACWI Index. Its operations encompass certain territories in Mexico, Brazil, Guatemala, Colombia, and Argentina and, nationwide, in Costa Rica, Nicaragua, Panama, Uruguay and, in Venezuela, through an investment in Coca-Cola FEMSA de Venezuela, S.A. For further information, please visit www.coca-colafemsa.com

ADDITIONAL INFORMATION

All the financial information presented in this report was prepared under International Financial Reporting Standards (IFRS).

This news release may contain forward-looking statements concerning Coca-Cola FEMSA’s future performance, which should be considered as good faith estimates by Coca-Cola FEMSA. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, many of which are outside Coca-Cola FEMSA’s control, which could materially impact the Company’s actual performance. References herein to “US$” are to United States dollars. This news release contains translations of certain Mexican peso amounts into U.S. dollars for the convenience of the reader. These translations should not be construed as representations that Mexican peso amounts represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated.

(6 pages of tables to follow)

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 11 of 17

COCA-COLA FEMSA

CONSOLIDATED INCOME STATEMENT

Millions of Pesos ⁽¹⁾

		For the Third Quarter of:																		For the first Nine Months of:
		2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (7)			2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (7)
Transactions (million transactions)		6,528.4						6,192.8						5.4	%		5.4	%		18,902.4						18,246.4						3.6	%		3.6	%
Volume (million unit cases)		1,089.8						1,035.0						5.3	%		5.3	%		3,160.0						3,056.8						3.4	%		3.4	%
Average price per unit case		70.84						67.31						5.2	%					69.67						67.99						2.5	%
Net revenues		79,360						71,685						10.7	%					226,508						213,642						6.0	%
Other operating revenues		358						199						79.8	%					682						342						99.5	%
Total revenues (2)		79,718			100.0	%		71,884			100.0	%		10.9	%		11.3	%		227,190			100.0	%		213,984			100.0	%		6.2	%		10.4	%
Cost of goods sold		42,636			53.5	%		39,493			54.9	%		8.0	%					120,815			53.2	%		117,134			54.7	%		3.1	%
Gross profit		37,082			46.5	%		32,391			45.1	%		14.5	%		14.8	%		106,374			46.8	%		96,850			45.3	%		9.8	%		14.1	%
Operating expenses		26,013			32.6	%		22,356			31.1	%		16.4	%					76,103			33.5	%		68,172			31.9	%		11.6	%
Other operative expenses, net		(687	)		0.9	%		(159	)		0.2	%		332.2	%					(961	)		0.4	%		(269	)		0.1	%		257.6	%
Operative equity method (gain) loss in associates(3)		(118	)		0.1	%		(97	)		0.1	%		22.1	%					(342	)		0.2	%		(287	)		0.1	%		19.3	%
Operating income (5)		11,874			14.9	%		10,291			14.3	%		15.4	%					31,574			13.9	%		29,234			13.7	%		8.0	%		11.9	%
Other non operative expenses, net		16			0.0	%		180			0.3	%		-91.1	%					(13	)		0.0	%		305			0.1	%		NA
Non Operative equity method (gain) loss in associates (4)		9			0.0	%		(13	)		0.0	%		NA						(28	)		0.0	%		(144	)		0.1	%		-80.6	%
Interest expense		2,466						1,942						27.0	%					6,835						5,879						16.3	%
Interest income		783						620						26.3	%					1,982						1,830						8.3	%
Interest expense, net		1,684						1,322						27.4	%					4,853						4,049						19.8	%
Foreign exchange loss (gain)		23						65						-64.6	%					44						62						-29.4	%
Loss (gain) on monetary position in inflationary subsidiaries		(64	)					(136	)					-52.8	%					(250	)					(275	)					-9.0	%
Market value (gain) loss on financial instruments		377						39						866.6	%					456						(249	)					NA
Comprehensive financing result		2,019						1,290						56.6	%					5,103						3,588						42.2	%
Income before taxes		9,830						8,835						11.3	%					26,512						25,484						4.0	%
Income taxes		3,250			33.1	%		2,698			30.5	%		20.5	%					8,686						8,359						3.9	%
Result of discontinued operations		-						-						NA			-			-						-						NA
Consolidated net income		6,580						6,137						7.2	%					17,826						17,126						4.1	%
Net income attributable to equity holders of the company		6,223			7.8	%		5,898			8.2	%		5.5	%		7.1	%		16,784			7.4	%		16,343			7.6	%		2.7	%		6.5	%
Non-controlling interest		357			0.4	%		239			0.3	%		49.0	%					1,043			0.5	%		782			0.4	%		33.2	%

Adj. EBITDA & CAPEX		2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (7)			2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (7)
Operating income (5)		11,874			14.9	%		10,291			14.3	%		15.4	%		16.4	%		31,574			13.9	%		29,234			13.7	%		8.0	%		11.9	%
Depreciation		3,553						3,215						10.5	%					10,403						9,445						10.1	%
Amortization and other operative non-cash charges		1,367						943						45.0	%					3,235						2,260						43.2	%
Adj. EBITDA (5)(6)		16,794			21.1	%		14,449			20.1	%		16.2	%		17.0	%		45,213			19.9	%		40,939			19.1	%		10.4	%		15.0	%
CAPEX(8)		4,210						7,669						-45.1	%					11,384						17,301						-34.2	%

⁽¹⁾ Except volume and average price per unit case figures.

⁽²⁾ Please refer to pages 15 and 16 for revenue breakdown.

⁽³⁾ Includes equity method in Jugos del Valle and Leão Alimentos, among others.

⁽⁴⁾ Includes equity method in PIASA, IEQSA, Beta San Miguel, IMER, and KSP Participacoes, among others.

⁽⁵⁾ The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁶⁾ Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁷⁾ Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽⁸⁾ As of September 30, 2026, the investment in fixed assets effectively paid is equivalent to Ps. 9,902 million.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 12 of 17

MEXICO & CENTRAL AMERICA DIVISION

RESULTS OF OPERATIONS

Millions of Pesos ⁽¹⁾

		For the Third Quarter of:																		For the first Nine Months of:
		2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (6)			2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (6)
Transactions (million transactions)		3,285.2						3,162.9						3.9	%		3.9	%		9,412.4						9,345.7						0.7	%		0.7	%
Volume (million unit cases)		641.5						612.1						4.8	%		4.8	%		1,831.9						1,802.2						1.6	%		1.6	%
Average price per unit case		70.51						68.63						2.7	%					70.18						70.02						0.2	%
Net revenues		45,969						42,450												130,511						127,409
Other operating revenues		7						18												33						33
Total Revenues (2)		45,976			100.0	%		42,467			100.0	%		8.3	%		9.3	%		130,543			100.0	%		127,442			100.0	%		2.4	%		4.2	%
Cost of goods sold		23,469			51.0	%		22,304			52.5	%								66,775			51.2	%		66,990			52.6	%
Gross profit		22,507			49.0	%		20,163			47.5	%		11.6	%		12.6	%		63,768			48.8	%		60,452			47.4	%		5.5	%		7.4	%
Operating expenses		15,537			33.8	%		13,378			31.5	%								45,976			35.2	%		41,711			32.7	%
Other operative expenses, net		474			1.0	%		50			0.1	%								633			0.5	%		(113	)		0.1	%
Operative equity method (gain) loss in associates (3)		(78	)		0.2	%		(52	)		0.1	%								(226	)		0.2	%		(162	)		0.1	%
Operating income (4)		6,574			14.3	%		6,787			16.0	%		-3.1	%		-2.2	%		17,386			13.3	%		19,016			14.9	%		-8.6	%		-6.7	%
Depreciation, amortization & other operating non-cash charges		2,997			6.5	%		2,493			5.9	%								8,268			6.3	%		7,098			5.6	%
Adj. EBITDA (4)(5)		9,571			20.8	%		9,280			21.9	%		3.1	%		4.2	%		25,654			19.7	%		26,114			20.5	%		-1.8	%		0.3	%

⁽¹⁾ Except volume and average price per unit case figures.

⁽²⁾ Please refer to pages 15 and 16 for revenue breakdown.

⁽³⁾ Includes equity method in Jugos del Valle, among others.

⁽⁴⁾ The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁵⁾ Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁶⁾ Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

SOUTH AMERICA DIVISION

RESULTS OF OPERATIONS

Millions of Pesos ⁽¹⁾

		For the Third Quarter of:																		For the first Nine Months of:
		2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (6)			2026			% of Rev.			2025			% of Rev.			Δ% Reported			Δ% Comparable (6)
Transactions (million transactions)		3,243.2						3,029.9						7.0	%		7.0	%		9,490.0						8,900.7						6.6	%		6.6	%
Volume (million unit cases)		448.3						423.0						6.0	%		6.0	%		1,328.1						1,254.6						5.9	%		5.9	%
Average price per unit case		71.30						65.39						9.0	%					68.97						65.08						6.0	%
Net revenues		33,391						29,235												95,997						86,233
Other operating revenues		351						182												650						309
Total Revenues (2)		33,742			100.0	%		29,416			100.0	%		14.7	%		14.1	%		96,647			100.0	%		86,542			100.0	%		11.7	%		20.0	%
Cost of goods sold		19,167			56.8	%		17,188			58.4	%								54,041			55.9	%		50,144			57.9	%
Gross profit		14,575			43.2	%		12,228			41.6	%		19.2	%		18.4	%		42,606			44.1	%		36,398			42.1	%		17.1	%		25.8	%
Operating expenses		10,476			31.0	%		8,978			30.5	%								30,127			31.2	%		26,460			30.6	%
Other operative expenses, net		(1,161	)		3.4	%		(209	)		0.7	%								(1,593	)		1.6	%		(156	)		0.2	%
Operative equity method (gain) loss in associates (3)		(40	)		0.1	%		(45	)		0.2	%								(116	)		0.1	%		(125	)		0.1	%
Operating income (4)		5,300			15.7	%		3,505			11.9	%		51.2	%		52.3	%		14,188			14.7	%		10,218			11.8	%		38.9	%		48.1	%
Depreciation, amortization & other operating non-cash charges		1,923			5.7	%		1,664			5.7	%								5,371			5.6	%		4,607			5.3	%
Adj. EBITDA (4)(5)		7,223			21.4	%		5,169			17.6	%		39.7	%		39.9	%		19,559			20.2	%		14,825			17.1	%		31.9	%		42.3	%

⁽¹⁾ Except volume and average price per unit case figures.

⁽²⁾ Please refer to pages 15 and 16 for revenue breakdown.

⁽³⁾ Includes equity method in Leão Alimentos, among others.

⁽⁴⁾ The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁵⁾ Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁶⁾ Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 13 of 17

COCA-COLA FEMSA

CONSOLIDATED BALANCE SHEET

Millions of Pesos

Assets		Sep-26				Dec-25				% Var.
Current Assets
Cash, cash equivalents and marketable securities			46,772				28,067				67	%
Total accounts receivable			18,570				22,146				-16	%
Inventories			14,781				14,014				5	%
Other current assets			14,223				10,343				38	%
Total current assets			94,347				74,570				27	%
Non-Current Assets			-				-
Property, plant and equipment			186,087				174,289				7	%
Accumulated depreciation			(72,663	)			(65,159	)			12	%
Total property, plant and equipment, net			113,425				109,130				4	%
Right of use assets			3,678				2,617				41	%
Investment in shares			10,829				10,588				2	%
Intangible assets and other assets			104,715				102,356				2	%
Other non-current assets			17,229				15,278				13	%
Total Assets			344,224				314,539				9	%

Liabilities & Equity		Sep-26				Dec-25				% Var.
Current Liabilities
Short-term bank loans and notes payable			11,518				7,944				45	%
Suppliers			29,293				31,898				-8	%
Short-term leasing Liabilities			938				631				49	%
Other current liabilities			41,366				26,284				57	%
Total current liabilities			83,114				66,757				25	%
Non-Current Liabilities			-				-
Long-term bank loans and notes payable			72,852				71,834				1	%
Long Term Leasing Liabilities			3,040				2,273				34	%
Other long-term liabilities			24,883				19,647				27	%
Total liabilities			183,888				160,511				15	%
Equity			-				-
Non-controlling interest			9,255				7,827				18	%
Total controlling interest			151,080				146,201				3	%
Total equity			160,335				154,029				4	%
Total Liabilities and Equity			344,224				314,539				9	%

		September 30, 2026
Debt Mix		% Total Debt (1)				% Interest Rate Floating (1) (2)				Average Rate
Currency
Mexican Pesos			62.0	%			3.0	%			8.9	%
U.S. Dollars			14.4	%			34.3	%			4.0	%
Colombian Pesos			1.8	%			81.3	%			13.1	%
Brazilian Reals			20.8	%			42.3	%			8.4	%
Argentine Pesos			1.1	%			0.0	%			28.3	%
Total Debt			100	%			17.0	%			8.4	%

⁽¹⁾ After giving effect to swaps.

⁽²⁾ Calculated  based on the  weighting of the outstanding debt mix for each year.

Debt Maturity Profile

 

Financial Ratios		Sep 30, 2026				Dec 31, 2025				Δ%
Net debt including effect of hedges (1)(3)			39,892				52,846				-24.5	%
Net debt including effect of hedges / Adj. EBITDA (1)(3)			0.63				0.89
Adj. EBITDA/ Interest expense, net (1)			9.32				10.26
Capitalization (2)			36.2	%			35.4	%

⁽¹⁾ Net debt = total debt - cash

⁽²⁾ Total debt / (total debt + shareholders' equity)

⁽³⁾  After giving effect to swaps.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 14 of 17

COCA-COLA FEMSA

QUARTERLY- VOLUME, TRANSACTIONS & REVENUES

Volume

		3Q 2026																				3Q 2025																				YoY
		Sparkling				Water (1)				Bulk (2)				Stills				Total				Sparkling				Water (1)				Bulk (2)				Stills				Total				Δ %
Mexico			366.0				38.1				93.3				41.6				538.9				352.3				31.7				92.8				40.4				517.2				4.2	%
Guatemala			48.9				2.8				0.5				2.6				54.9				45.5				2.3				0.8				2.2				50.8				8.1	%
CAM South			39.0				2.3				0.1				6.3				47.8				36.1				2.2				0.2				5.7				44.1				8.3	%
Mexico and Central America			453.9				43.2				93.9				50.5				641.5				434.0				36.2				93.7				48.2				612.1				4.8	%
Colombia			79.2				13.4				3.9				7.9				104.3				68.6				10.6				3.8				7.0				90.0				15.9	%
Brazil (3)			240.5				18.1				1.7				29.7				290.0				232.2				19.8				2.3				24.9				279.2				3.9	%
Argentina			31.8				5.3				1.6				3.4				42.1				30.7				5.7				1.6				4.2				42.1				0.1	%
Uruguay			9.4				1.6				-				0.8				11.8				9.3				1.6				-				0.8				11.7				1.2	%
South America			361.0				38.4				7.1				41.8				448.3				340.8				37.7				7.7				36.8				423.0				6.0	%
TOTAL			814.9				81.6				101.0				92.3				1,089.8				774.7				73.9				101.4				85.0				1,035.0				5.3	%

⁽¹⁾ Excludes water presentations larger than 5.0 Lt ; includes flavored water.

⁽²⁾ Bulk Water  = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions  

		3Q 2026																3Q 2025																YoY
		Sparkling				Water				Stills				Total				Sparkling				Water				Stills				Total				Δ %
Mexico			1,938.0				278.6				297.6				2,514.3				1,926.0				229.6				278.5				2,434.1				3.3	%
Guatemala			357.7				26.4				28.7				412.8				345.6				22.1				23.0				390.6				5.7	%
CAM South			284.0				15.2				59.0				358.2				267.9				14.0				56.2				338.1				5.9	%
Mexico and Central America			2,579.8				320.1				385.3				3,285.2				2,539.5				265.6				357.7				3,162.9				3.9	%
Colombia			578.2				131.4				58.8				768.5				510.2				106.7				53.6				670.5				14.6	%
Brazil (3)			1,696.9				158.1				341.1				2,196.1				1,615.8				172.5				286.6				2,074.9				5.8	%
Argentina			158.9				30.1				30.1				219.1				159.5				32.9				34.1				226.5				-3.3	%
Uruguay			46.7				6.0				6.8				59.6				45.8				6.0				6.2				58.0				2.7	%
South America			2,480.7				325.6				436.9				3,243.2				2,331.3				318.2				380.4				3,029.9				7.0	%
TOTAL			5,060.5				645.7				822.2				6,528.4				4,870.9				583.8				738.2				6,192.8				5.4	%

Revenues

Expressed in million Mexican Pesos		3Q 2026				3Q 2025				Δ %
Mexico			37,099				34,429				7.8	%
Guatemala			4,385				4,115				6.6	%
CAM South			4,492				3,923				14.5	%
Mexico and Central America			45,976				42,467				8.3	%
Colombia			8,145				5,798				40.5	%
Brazil (4)			21,431				19,792				8.3	%
Argentina			2,946				2,542				15.9	%
Uruguay			1,220				1,283				-4.9	%
South America			33,742				29,416				14.7	%
TOTAL			79,718				71,884				10.9	%

⁽³⁾ Volume and transactions in Brazil do not include beer

⁽⁴⁾ Brazil includes beer revenues of Ps. 1,155.5 million for the third quarter of 2026 and Ps. 1,246.1 million for the same period of the previous year.

 

⁽¹⁾ Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.

⁽²⁾ Transactions refer to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 15 of 17

COCA-COLA FEMSA

YTD- VOLUME, TRANSACTIONS & REVENUES

Volume

		YTD 2026																				YTD 2025																				YoY
		Sparkling				Water (1)				Bulk (2)				Stills				Total				Sparkling				Water (1)				Bulk (2)				Stills				Total				Δ %
Mexico			1,033.1				106.5				273.4				122.2				1,535.2				1,019.9				99.9				278.3				122.4				1,520.5				1.0	%
Guatemala			139.8				7.7				1.4				7.1				156.0				133.6				6.4				2.3				6.5				148.8				4.8	%
CAM South			114.7				7.3				0.5				18.2				140.7				108.8				6.6				0.5				17.0				132.9				5.8	%
Mexico and Central America			1,287.6				121.5				275.4				147.5				1,831.9				1,262.3				112.9				281.1				145.8				1,802.2				1.6	%
Colombia			221.3				35.6				11.1				21.9				289.9				193.7				30.0				10.8				19.1				253.7				14.3	%
Brazil (3)			720.0				60.7				6.4				88.1				875.3				697.8				61.6				6.9				73.5				839.9				4.2	%
Argentina			91.1				16.9				5.2				12.8				126.0				91.2				16.9				4.3				12.3				124.7				1.0	%
Uruguay			28.8				5.6				-				2.5				36.9				28.4				5.4				-				2.4				36.3				1.8	%
South America			1,061.1				118.8				22.8				125.4				1,328.1				1,011.1				113.9				22.1				107.4				1,254.6				5.9	%
TOTAL			2,348.7				240.3				298.1				272.9				3,160.0				2,273.4				226.9				303.3				253.3				3,056.8				3.4	%

⁽¹⁾ Excludes water presentations larger than 5.0 Lt ; includes flavored water.                            

⁽²⁾ Bulk Water  = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions  

		YTD 2026																YTD 2025																YoY
		Sparkling				Water				Stills				Total				Sparkling				Water				Stills				Total				Δ %
Mexico			5,548.5				774.7				865.6				7,188.8				5,639.7				712.0				849.9				7,201.5				-0.2	%
Guatemala			1,021.2				72.2				77.6				1,171.0				1,004.3				61.3				70.7				1,136.4				3.0	%
CAM South			830.7				46.7				175.1				1,052.5				796.5				43.1				168.3				1,007.8				4.4	%
Mexico and Central America			7,400.5				893.6				1,118.3				9,412.4				7,440.5				816.4				1,088.9				9,345.7				0.7	%
Colombia			1,612.4				351.3				162.4				2,126.1				1,426.9				301.6				147.2				1,875.8				13.3	%
Brazil (3)			4,985.0				527.0				998.0				6,510.0				4,792.5				533.4				845.5				6,171.4				5.5	%
Argentina			471.4				93.4				105.2				670.1				471.6				98.7				102.4				672.6				-0.4	%
Uruguay			141.6				21.2				21.0				183.8				140.5				20.7				19.8				180.9				1.6	%
South America			7,210.4				993.0				1,286.6				9,490.0				6,831.5				954.3				1,114.8				8,900.7				6.6	%
TOTAL			14,610.9				1,886.5				2,404.9				18,902.4				14,272.0				1,770.7				2,203.7				18,246.4				3.6	%

Revenues

Expressed in million Mexican Pesos		YTD 2026				YTD 2025				Δ %
Mexico			104,939				102,320				2.6	%
Guatemala			12,563				12,746				-1.4	%
CAM South			13,041				12,376				5.4	%
Mexico and Central America			130,543				127,442				2.4	%
Colombia			20,628				16,547				24.7	%
Brazil (4)			63,332				58,461				8.3	%
Argentina			8,867				7,656				15.8	%
Uruguay			3,820				3,878				-1.5	%
South America			96,647				86,542				11.7	%
TOTAL			227,190				213,984				6.2	%

(3) Volume and transactions in Brazil do not include beer

(4) Brazil includes beer revenues of Ps. 3,608.6 million for the first nine months of 2026 and Ps. 3,614.5 million for the same period of the previous year.      

 

⁽¹⁾ Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.

⁽²⁾ Transactions refer to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 16 of 17

COCA-COLA FEMSA

MACROECONOMIC INFORMATION

Inflation ⁽¹⁾

			LTM				3Q26				YTD
Mexico			3.42	%			0.58	%			2.12	%
Colombia			6.46	%			1.23	%			5.78	%
Brazil			4.60	%			0.23	%			3.61	%
Argentina			33.70	%			5.94	%			23.75	%
Costa Rica			-0.19	%			-0.04	%			-0.45	%
Panama			2.22	%			-0.68	%			2.25	%
Guatemala			3.80	%			0.51	%			3.14	%
Nicaragua			3.27	%			-0.17	%			2.02	%
Uruguay			4.76	%			0.58	%			3.86	%

⁽¹⁾ Source: inflation estimated by the company based on historic publications from the Central Bank of each country.

Average Exchange Rates for each period ⁽²⁾

		Quarterly Exchange Rate (Local Currency per USD)												Year to Date Exchange Rate  (Local Currency per USD)
		3Q26				3Q25				Δ %				YTD 26				YTD 25				Δ %
Mexico			17.25				18.65				-7.5	%			17.40				19.23				-9.5	%
Colombia			3,193.49				4,007.71				-20.3	%			3,497.48				4,053.13				-13.7	%
Brazil			5.14				5.45				-5.7	%			5.15				5.59				-7.9	%
Argentina			1,499.89				1,333.04				12.5	%			1,442.64				1,244.54				15.9	%
Costa Rica			453.20				507.49				-10.7	%			466.08				506.50				-8.0	%
Panama			1.00				1.00				0.0	%			1.00				1.00				0.0	%
Guatemala			7.63				7.66				-0.5	%			7.64				7.68				-0.5	%
Nicaragua			36.62				36.62				0.0	%			36.62				36.62				0.0	%
Uruguay			40.22				40.09				0.3	%			39.80				41.08				-3.1	%

End-of-period Exchange Rates

		Closing Exchange Rate (Local Currency per USD)												Closing Exchange Rate (Local Currency per USD)
		Sep-26				Sep-25				Δ %				Jun-26				Jun-25				Δ %
Mexico			17.84				18.38				-2.9	%			17.47				18.89				-7.5	%
Colombia			3,341.23				3,901.29				-14.4	%			3,443.59				4,069.67				-15.4	%
Brazil			5.18				5.32				-2.6	%			5.18				5.46				-5.1	%
Argentina			1,517.00				1,380.00				9.9	%			1,482.00				1,205.00				23.0	%
Costa Rica			458.43				506.00				-9.4	%			457.17				508.28				-10.1	%
Panama			1.00				1.00				0.0	%			1.00				1.00				0.0	%
Guatemala			7.64				7.66				-0.2	%			7.62				7.68				-0.9	%
Nicaragua			36.62				36.62				0.0	%			36.62				36.62				0.0	%
Uruguay			40.29				39.85				1.1	%			40.12				39.55				1.4	%

⁽²⁾ Average exchange rate for each period computed with the average exchange rate of each month.

Coca-Cola FEMSA Reports 3Q26 Results October 26^th, 2026 Page 17 of 17

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 2.0 MB