6-K 1 ef20052529_6k.htm 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM 6-K



REPORT OF A FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of July 2025
 
Commission File Number: 1-16269


 
AMÉRICA MÓVIL, S.A.B. DE C.V.
(Exact Name of the Registrant as Specified in its Charter)



America Mobile
(Translation of Registrant’s name into English)
Lago Zurich 245
Plaza Carso / Edificio Telcel, Piso 16
Colonia Ampliación Granada, Alcaldía Miguel Hidalgo
11529, Mexico City
Mexico
(Address of principal executive office)


 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F  ☒
Form 40-F  ☐
 
This Report on Form 6‑K shall be deemed incorporated by reference into the Registrant’s
Registration Statement on Form F‑3ASR (File No. 333‑ 287731).





Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2025



 
We added 2.9 million postpaid clients in the second quarter. Brazil contributed 1.4 million new contract clients, followed by Colombia with 199 thousand and Mexico with 102 thousand. Over the last twelve months to June we gained 8.7 million postpaid clients. Our prepaid platform registered 1.1 million net disconnections in the period mostly from Brazil, Chile and a clean-up in Honduras. However, Colombia added 229 thousand prepaid subscribers, Argentina 251 thousand and Mexico 83 thousand. In total we disconnected 3.0 million prepaid subs in the last twelve months.

 
In the fixed-line segment we connected 462 thousand new broadband accesses, with Mexico adding 231 thousand, followed by Brazil with 66 thousand and Central America with 51 thousand.

 
Second quarter revenue rose 13.8% year-on-year to 234 billion pesos. Service revenue was up 13.4% year-on-year in Mexican peso terms and 7.3% at constant exchange rates.

 
Mobile service revenue growth accelerated to a 7.0% pace at constant exchange rates from 5.7% the prior quarter on the back of stronger postpaid revenue growth: 9.5%. Prepaid revenue growth recovered to 3.1% from 0.9% the precedent quarter.

 
On the fixed-line platform corporate networks revenue was up 15.0% and PayTV revenue 10.1%, representing their best performance in several quarters, with broadband revenue growing 8.2%.

 
EBITDA came in at 92.4 billion pesos; it was up 11.2% year-on-year in Mexican peso terms and 5.1% at constant exchange rates.

 
Our operating profit stood at 47 billion pesos, a 4.0% increase from the year-earlier quarter. Our integral financial costs were down significantly on account of having registered 11 billion pesos in foreign exchange gains. This helped us post a net profit of 22.3 billion pesos in the quarter. Our net profit was equivalent to 37 peso cents per share and 38 dollar cents per ADR.
 
 
In the first half of the year our operating cash flow allowed us to cover 54.9 billion pesos in capital expenditures, 8.7 billion pesos in share buybacks and 2.7 billion pesos in labor obligations. It also allowed for a reduction of 7.3 billion pesos in our net debt.

 

At the end of June, our net debt—excluding leases—stood at 472 billion pesos. It was equivalent to a net debt-to-EBITDAaL ratio of 1.56 times.
Content
   
     
Highlights
 

 
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
 
We will host our conference call to discuss 2Q25 financial and operating results on July 23 at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors


 
América Móvil Fundamentals
   
   
2Q25
2Q24
 
Earnings per Share (Mex$) (1)
0.37
-0.02
 
Earning per ADR (US$) (2)
0.38
-0.02
 
EBITDA per Share (Mex$) (3)
1.52
1.34
 
EBITDA per ADR (US$)
1.56
1.56
 
Net Income (millions of Mex$)
22,282
-1,093
 
Average Shares Outstanding (billion)
60.6
61.9
 
Shares Outstanding End of Period (billion)
60.4
61.7
 
(1) Net Income / Average Shares Outstanding
(2) 20 shares per ADR
(3) EBITDA / Average Shares Outstanding
   

 
América Móvil’s Subsidiaries as of June 2025
 
Country
Brand
Main Activity
Equity
 
Mexico
Telcel
wireless
100.0%
   
Telmex
wireline
100.0%
 
Argentina
Claro
wireless/wireline
100.0%
 
Austria
A1
wireless/wireline
60.8%
   
EuroTeleSites
towers
57.0%
 
Brazil
Claro
wireless/wireline
99.6%
 
Chile
Claro
wireless/wireline
97.0%
 
Colombia
Claro
wireless/wireline
99.4%
 
Costa Rica
Claro
wireless/wireline
100.0%
 
The Dominican Republic
Claro
wireless/wireline
100.0%
 
Ecuador
Claro
wireless/wireline
100.0%
 
El Salvador
Claro
wireless/wireline
97.7%
 
Guatemala
Claro
wireless/wireline
99.3%
 
Honduras
Claro
wireless/wireline
100.0%
 
Nicaragua
Claro
wireless/wireline
99.6%
 
Paraguay
Claro
wireless/wireline
100.0%
 
Peru
Claro
wireless/wireline
100.0%
 
Puerto Rico
Claro
wireless/wireline
100.0%
 
Uruguay
Claro
wireless
100.0%
Content
   
   
Highlights
 

 
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   
 


Note
 
The reported figures for Argentina corresponding to the second quarter of 2025 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.
 
Relevant Events
 
Shareholders meeting
At our shareholders meeting in May we received approval for the following: 1) the allocation of an additional MXN 10 billion to our share buyback program, and 2) the payment of an ordinary dividend of MXN 0.52 per share, to be distributed in two installments: one on July 14th, which has been already payed) and the other on November 10th.
 
USD 500M bond and MxP 15.5Bn Global Peso-Denominated Notes
On June 30th we issued a USD 500 million bond maturing in January 2033 with a 5% coupon. The yield on the bond represented the tightest spread ever over U.S. Treasuries—85 basis points— not only by AMX itself but by any LATAM corporate, financial or quasi-sovereign across three-or- more year tenors.
 
On July 8th we executed multiple reopenings of our Global Peso-Denominated Notes Program which will help develop a more liquid market for our bonds. The reopening of the AMX29, AMX31, and AMX34 notes reached an aggregate amount of MXN 15.5 billion. Notes outstanding under our Global Peso Program now total 70 billion pesos.
Content
   
     
Highlights
   

   
Relevant
 
events
 
   
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency


Exchange


Rates





Appendix





Glossary
   
 


Access Lines
 
2.9M postpaid net adds
We added 2.9 million postpaid clients with Brazil contributing 1.4 million, followed by Colombia with 199 thousand and Mexico with 102 thousand.
 
On the prepaid platform we recorded net disconnections of 1.1 million, primarily from Brazil, Chile, and Central America, due to a subscriber clean-up in Honduras. However, Colombia added 229 thousand prepaid subscribers, Argentina 251 thousand, and Mexico 83 thousand. Altogether we gained 1.7 million wireless subscribers in the quarter.
 
462k new broadband accesses
In the fixed-line segment we gained 462 thousand broadband accesses, including 231 thousand in Mexico, 66 thousand in Brazil, and 51 thousand in Central America. Meanwhile, voice lines and PayTV units declined by 164 thousand and 61 thousand, respectively, during the quarter.

At the end of June we had 404 million accesses of which 137 million were postpaid clients and 78 million fixed-line RGUs.

Year-over-year our postpaid base increased 6.8% and fixed broadband accesses 4.5%.

 
Wireless subscribers as of June 2025
 
Total(1) (Thousands)
 
Country
Jun ’25
Mar ’25
Var.%
Jun ’24
Var.%
 
Austria and Eastern Europe(2)
28,306
27,588
2.6%
25,949
9.1%
 
Brazil
88,412
87,587
0.9%
88,328
0.1%
 
Central America
16,952
17,386
-2.5%
16,786
1.0%
 
Caribbean
7,955
8,000
-0.6%
7,743
2.7%
 
Colombia
41,677
41,250
1.0%
40,187
3.7%
 
Peru
12,793
12,749
0.3%
12,662
1.0%
 
Ecuador
9,996
9,949
0.5%
9,610
4.0%
 
Mexico
84,110
83,925
0.2%
84,199
-0.1%
 
Southern Cone(3)
35,455
35,486
-0.1%
34,015
4.2%
 
Total Wireless Lines
325,656
323,920
0.5%
319,480
1.9%
 
(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.
(2) Includes A1 Digital M2M subscribers.
(3) Includes Argentina, Chile, Paraguay and Uruguay.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   
 




Fixed-Line and Other Accesses (RGUs) as of June 2025

Total(1) (Thousands)

Country
Jun ’25
Mar ’25
Var.%
Jun ’24
Var.%

Austria and Eastern Europe
6,395
6,379
0.3%
6,283
1.8%

Brazil
22,032
22,265
-1.0%
22,697
-2.9%

Central America
5,417
5,310
2.0%
5,027
7.8%

Caribbean
2,878
2,861
0.6%
2,827
1.8%

Colombia
9,634
9,625
0.1%
9,521
1.2%

Ecuador
672
620
8.4%
560
20.0%

Mexico
22,327
22,090
1.1%
21,724
2.8%

Peru
1,952
1,953
-0.1%
1,904
2.5%

Southern Cone(2)
7,150
7,117
0.5%
6,983
2.4%

Total RGUs
78,457
78,220
0.3%
77,526
1.2%

(1) Includes total accesses of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. Includes fixed-line, broadband and television (Cable & DTH) accesses.
(2) Includes Argentina, Chile, Paraguay and Uruguay.
 

Broadband accesses as of June 2025

Total(1) (Thousands)

Country
Jun ’25
Mar ’25
Var.%
Jun ’24
Var.%

Austria and Eastern Europe
2,833
2,816
0.6%
2,761
2.6%

Brazil
10,444
10,378
0.6%
10,145
2.9%

Central America
1,788
1,737
2.9%
1,603
11.6%

Caribbean
1,117
1,102
1.4%
1,073
4.2%

Colombia
3,467
3,447
0.6%
3,406
1.8%

Ecuador
382
362
5.6%
333
14.6%

Mexico
11,605
11,374
2.0%
10,962
5.9%

Peru
1,089
1,076
1.2%
1,027
6.0%

Southern Cone(2)
3,196
3,169
0.9%
3,073
4.0%

Total Broadband Accesses
35,921
35,460
1.3%
34,383
4.5%

(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.
(2) Includes Argentina, Chile, Paraguay and Uruguay.
Content
   
   
Highlights
 

 
Relevant
   
events
   
     
Subscribers

 

América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   




América Móvil Consolidated Results

The second quarter was characterized by significant uncertainty associated with the tariffs the U.S. government seeks to impose on merchandise imports. Whereas this uncertainty did not have much of an impact on interest rate volatility during the period—the ten year Treasury notes ended the first quarter at 4.21% and the second quarter at 4.23%—it did weigh on the value of the U.S. dollar which during the period fell against most currencies in our region of operation: 7.0% vs. the Mexican peso, 5.0% vs. the Brazilian real; 2.9% vs the Colombian peso; 2.1% vs. the Chilean peso and 8.2% vs. the euro.
In Mexican peso terms our second quarter revenue totaled 234 billion pesos, a 13.8% year-on-year increase, which partly reflects the depreciation over that period of the Mexican peso vs. most of the currencies in our region of operations, and the consolidation of our Chilean operation from November 2024. EBITDA came in at 92.4 billion pesos, up 11.2% and our operating profit at 47 billion pesos, a 4.0% increase from the year-earlier quarter, as the depreciation of rights of use associated with tower leases jumped 24.5% on account of the extension of certain lease arrangements and the consolidation of the Chilean operation.

At constant exchange rates we posted our strongest revenue performance in over a year, a 7.9% increase. Our revenue expansion was broad-based across business lines and also across countries, with service revenue growth moving up to 7.3% and that of equipment revenue to 12.5%. On the mobile platform postpaid service revenue expanded 9.5%, also the best result in over a year, with prepaid revenue growth recovering to 3.1% from 0.9% the precedent quarter. On the fixed-line platform corporate networks revenue and PayTV revenue were up 15.0% and 10.1% respectively, representing also their best performance in several quarters, with broadband revenue decelerating slightly sequentially, to 8.2% from 9.8%. Mexico, Colombia and Peru were the countries that had the greatest impact on the sequential acceleration of revenue growth, but it is to be noted that Central America and Eastern Europe are expanding much more rapidly now than they were a year ago. As for EBITDA it was up 5.1% at constant exchange rates from the year-earlier quarter.

Our integral financial costs were down significantly on account of our having registered 11 billion pesos in foreign exchange gains. This helped us post a net profit of 22.3 billion pesos in the quarter. Our net profit was equivalent to 37 peso cents per share and 38 dollar cents per ADR.
Content
   
     
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Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
 
Consolidated
 
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
 




Our net debt totaled 472 billion pesos at the end of June excluding capitalized lease obligations, having come down from 484 billion at the end of December. The net debt to EBITDA ratio stood at 1.56 times at the end of the quarter. In cash flow terms our net debt fell by 7.3 billion pesos in the six months to June. In that period our capital expenditures amounted to 54.9 billion pesos; our shareholder distributions to 9.4 billion pesos—including 8.7 billion pesos in share buybacks—and we covered 2.7 billion pesos in labor obligations.
Content
   
     
Highlights
 

 
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
 
Consolidated
 
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
 





América Móvil’s Income Statement
Millions of Mexican pesos

 
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%

Service Revenue
198,540
175,138
13.4%
396,463
346,028
14.6%

Equipment Revenue
32,911
28,050
17.3%
64,678
58,013
11.5%

Other Revenue
2,334
2,336
-0.1%
4,682
4,781
-2.1%

Total Revenue
233,785
205,524
13.8%
465,823
408,822
13.9%

Cost of Service
59,636
52,154
14.3%
119,293
104,074
14.6%

Cost of Equipment
28,442
23,815
19.4%
56,306
49,731
13.2%

Selling, General & Administrative Expenses
51,860
44,690
16.0%
103,799
88,289
17.6%

Others
1,436
1,750
-18.0%
2,967
3,030
-2.1%

Total Costs and Expenses
141,375
122,410
15.5%
282,365
245,124
15.2%
 
 
 
 
 
 
   

EBITDA
92,409
83,114
11.2%
183,458
163,698
12.1%

% of Total Revenue
39.5%
40.4%
 
39.4%
40.0%
 

Adjusted EBITDA(1)
     
183,458
163,442
12.2%

% of Total Revenue
     
39.4%
40.0%
 
 
             

Depreciation & Amortization
45,071
37,606
19.8%
91,306
77,432
17.9%

EBIT
47,338
45,508
4.0%
92,152
86,266
6.8%

% of Total Revenue
20.2%
22.1%
 
19.8%
21.1%
 
 
             

Net Interest Expenses
13,725
11,668
17.6%
26,435
22,946
15.2%

Other Financial Expenses
4,967
-3,574
239.0%
4,517
-2,819
260.2%

Foreign Exchange Loss
-10,962
32,117
-134.1%
-9,783
33,791
-129.0%

Comprehensive Financing Cost (Income)
7,729
40,210
-80.8%
21,169
53,918
-60.7%

Income & Deferred Taxes
16,026
4,278
274.6%
27,714
15,439
79.5%

Net Income before Minority
Interest and Equity Participation in Results of
Affiliates
23,583
1,020
n.m.
43,270
16,909
155.9%

Equity Participation in Results of Affiliates
39
-1,144
103.4%
66
-2,725
102.4%

Minority Interest
-1,340
-968
-38.4%
-2,351
-1,783
-31.9%

Net Income
22,282
-1,093
n.m.
40,985
12,401
230.5%

(1)Adjusted for extraordinary items, particularly the sale of towers by Telmex in the first quarter of 2024.
n.m. Not meaningful.
Content
   
     
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Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
 
Consolidated
 
     
Mexico
   
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria &
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
 




 
Balance Sheet - América Móvil Consolidated(1)  Millions of Mexican Pesos


Jun '25
Dec '24
Var.%


Jun '25
Dec '24
Var.%

Current Assets




Current
Liabilities




Cash, Marketable Securities
& Other Short Term Investments
92,730
83,336
11.3%

Short Term Debt
111,033
104,211
6.5%

Accounts Receivable
243,617
231,791
5.1%

Lease-Related Debt
32,791
35,437
-7.5%

Other Current Assets
24,953
14,820
68.4%

Accounts Payable
140,485
155,697
-9.8%

Inventories
26,115
23,751
9.9%

Other Current Liabilities
235,208
199,056
18.2%


387,415
353,698
9.5%


519,516
494,401
5.1%


     

     

Non Current
Assets
     
Non Current
Liabilities
     

Plant & Equipment, gross
 
1,519,134
 
1,478,763
 
2.7%

 
Long Term Debt
 
453,681
 
463,375
 
-2.1%

-Depreciation
817,514
764,979
6.9%

Lease-Related Debt
171,012
177,666
-3.7%

Plant & Equipment, net
701,620
713,784
-1.7%

Other Liabilities
225,931
226,294
-0.2%

Rights of Use
189,044
199,460
-5.2%

 
850,624
867,336
-1.9%

Investments in Affiliates and Other Investments
20,597
17,587
17.1%


     

       
       

Deferred Assets
     
       

Goodwill (Net)
162,023
156,836
3.3%

       

Intangible Assets
141,225
141,737
-0.4%

Shareholder's Equity
444,884
432,184
2.9%

Deferred Assets
213,099
210,818
1.1%

       

       
       

Total Assets
1,815,024
1,793,921
1.2%

Total Liabilities
and Equity
1,815,024
1,793,921
1.2%

(1)Includes current portion of Long Term Debt.
Content
   
   
Highlights
 

 
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
 
Consolidated
 
     
Mexico
 
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria &
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
   
Glossary
 




Mexico

102k postpaid gains and 231k new broadband accesses
We added 185 thousand new wireless subscribers in the second quarter, including 102 thousand postpaid clients, bringing our total wireless base to 84.1 million at the end of June. On the fixed- line side we recorded 231 thousand net broadband additions. Telmex ended the quarter with 22.3 million fixed-line RGUs including 11.6 million broadband accesses, a 5.9% increase year-over- year.
 
Service revenue +3.9% YoY
Revenue in our home market was up 4.7% from the previous year driven by an improvement in service revenue growth which rose to 3.9% in the second quarter from 1.0% in the first quarter. It also marked a significant rebound in equipment revenue growth, to 9.2% in the second quarter from the -14.3% contraction observed in the previous one.

Mobile service revenue +4.0% YoY
In the mobile segment service revenue expanded 4.0%, up from 0.8% in the previous quarter. Postpaid revenue growth accelerated to 7.8% pace from 5.5%, while prepaid revenue swung from a -2.5% decline in the first quarter to 1.2% growth in the second one.
 
Fixed-line service revenue +3.6% YoY
Fixed-line service revenue also accelerated, growing 3.6% compared to 1.5% in the previous quarter. The main driver of revenue growth was corporate revenue, which expanded 10.8% year- over-year, with broadband revenue rising 3.6%.
 
EBITDA margin at 42% of revenue
EBITDA for the period, 35 billion pesos, remained mostly unchanged in absolute terms, with the EBITDA margin standing at 41.6% of revenue.
 
In June, América Móvil announced that its subsidiary, Telcel, was fined MXN 1.8 billion by Mexico’s Federal Telecommunications Institute (IFT). The fine resulted from a 2021 investigation initiated following a competitor’s complaint, which alleged that Telcel engaged in anti-competitive practices in the sale and distribution of SIM cards through convenience stores. Telcel has denied the accusations, describing the fine as arbitrary, disproportionate, and based on a biased and unsubstantiated investigation.
Content
   
   
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Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
 
     
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
   
Glossary
 




 
INCOME STATEMENT - Mexico Millions of MxP
 
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
84,180
80,379
4.7%
166,287
164,377
1.2%
 
Total Service Revenue
67,489
64,983
3.9%
133,614
130,433
2.4%
 
Wireless Revenue
60,863
57,855
5.2%
119,655
118,664
0.8%
 
Service Revenue
46,010
44,259
4.0%
90,764
88,651
2.4%
 
Equipment Revenue
14,853
13,596
9.2%
28,891
30,013
-3.7%
 
Fixed Line Revenue(2)
21,552
20,794
3.6%
43,006
41,920
2.6%
 
Other Revenue
1,765
1,730
2.0%
3,627
3,793
-4.4%
 
EBITDA
35,019
34,987
0.1%
69,428
70,629
-1.7%
 
% total revenue
41.6%
43.5%
 
41.8%
43.0%
 
 
Adjusted EBITDA(3)
     
69,428
70,373
-1.3%
 
% total revenue
     
41.8%
42.9%
 
 
EBIT
26,683
26,594
0.3%
52,579
53,900
-2.4%
 
% total revenue
31.7%
33.1%
 
31.6%
32.8%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.
(2)Includes equipment revenue.
(3)Adjusted for the sale of towers in Telmex in 2024.

 
Mexico Operating Data
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
84,110
84,199
-0.1%
 
Postpaid
15,686
15,202
3.2%
 
Prepaid
68,424
68,997
-0.8%
 
ARPU (MxP)
183
177
3.5%
 
Churn (%)
3.0%
3.0%
0.0
 
Revenue Generating Units (RGUs)
22,327
21,724
2.8%
 
Fixed Lines
10,722
10,763
-0.4%
 
Broadband
11,605
10,962
5.9%
Content
   
     
Highlights
   

   
Relevant
   
events
   
   
 
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
   
Mexico
 
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



 
Brazil
 
1.4M postpaid net adds & 66k new broadband accesses
We gained 1.4 million postpaid subscribers and disconnected 571 thousand prepaid users for a net gain of 825 thousand in the second quarter. At the end of June our wireless base totaled 88.4 million subscribers. On the fixed-line segment we recorded net disconnections of 233 thousand fixed-line RGUs, primarily of fixed voice lines as broadband accesses increasing 66 thousand.

Service revenue +5.8% YoY boosted by mobile service revenue
Revenue expanded 6.1% to 12.8 billion reais with service revenue up 5.8%. On the mobile platform service revenue growth accelerated to 9.1% from 8.8% in the previous quarter, driven by a turnaround in prepaid revenue, which increased 4.0% after several quarters of declines.

Broadband revenue +3.9% YoY
Fixed-line service revenue was up 1.5% reflecting a slowdown in broadband revenue growth to 3.9% from 5.1% the previous quarter. Corporate network revenue increased 6.7% year-on-year.

EBITDA +8.4% YoY
EBITDA expanded 8.4% to 5.6 billion reais. The EBITDA margin for the period, 44.1%, was one percentage point higher than that of the year-earlier quarter.

 
INCOME STATEMENT - Brazil Millions of BrL
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
12,779
12,044
6.1%
25,239
23,773
6.2%
 
Total Service Revenue
12,111
11,450
5.8%
23,976
22,640
5.9%
 
Wireless Revenue
7,672
7,033
9.1%
15,028
13,789
9.0%
 
Service Revenue
7,035
6,449
9.1%
13,817
12,685
8.9%
 
Equipment Revenue
637
584
9.1%
1,211
1,104
9.8%
 
Fixed Line Revenue(2)
5,087
5,001
1.7%
10,169
9,955
2.1%
 
EBITDA
5,631
5,195
8.4%
11,122
10,275
8.2%
 
% total revenue
44.1%
43.1%
 
44.1%
43.2%
 
 
EBIT
2,470
2,049
20.5%
4,796
3,989
20.2%
 
% total revenue
19.3%
17.0%
 
19.0%
16.8%
 
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
 

 
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency


Exchange


Rates





Appendix





Glossary
   



 
Brazil Operating Data
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
88,412
88,328
0.1%
 
Postpaid
56,279
52,950
6.3%
 
Prepaid
32,133
35,377
-9.2%
 
ARPU (BrL)
27
24
9.0%
 
Churn (%)
2.6%
2.4%
0.2
 
Revenue Generating Units (RGUs)(1)
22,032
22,697
-2.9%
 
Fixed Lines
7,036
7,662
-8.2%
 
Broadband
10,444
10,145
2.9%
 
PayTV
4,553
4,890
-6.9%
 
(1) Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
 

 
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency


Exchange


Rates





Appendix





Glossary
   




Colombia
 
199k postpaid net adds
We gained 428 thousand wireless subscribers in the quarter, including nearly 200 thousand postpaid users, with our wireless base reaching 41.7 million subscribers at the end of June, a 3.7% year-over-year increase. On the fixed-line platform we added nine thousand RGUs, resulting from 20 thousand new broadband accesses and the disconnection of 12 thousand PayTV units. We closed the period with 9.6 million fixed-line RGUs.
 
Service revenue +6.1% YoY
Second-quarter revenue rose 7.6% on the back of strong service revenue growth, which accelerated to 6.1% from 3.4% in the previous quarter. This improvement was seen across both our fixed and mobile platforms. In the mobile segment, we continued to benefit from strong commercial activity around our 5G network, where we remain the clear market leader. This helped us accelerate service revenue growth to 7.4% from 6.0% in the prior quarter. Prepaid revenue was up 8.4% year-over-year, while postpaid revenue expanded 6.9%.

Fixed-line service revenue +4.2% YoY
On the fixed-line platform the deployment of FTTH and our efforts to enhance the customer experience led to a significant turnaround in service revenue, which expanded 4.2% year-over- year compared to a -0.3% decline the previous quarter. It was driven by broadband revenue growth of 7.3% and a 19.3% increase in corporate network revenue.
 
EBITDA +3.0% YoY
EBITDA for the period reached 1.6 trillion Colombian pesos, a 3.0% increase from the previous year. The EBITDA margin declined to 39.4% from 41.2% a year earlier due, among other things, to the creation of provisions associated with certain litigations
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

 
Colombia
 
   
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency


Exchange


Rates





Appendix





Glossary
   




 
INCOME STATEMENT - Colombia Billions of COP
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
4,128
3,836
7.6%
8,143
7,629
6.7%
 
Total Service Revenue
3,132
2,953
6.1%
6,183
5,903
4.7%
 
Wireless Revenue
2,798
2,560
9.3%
5,518
5,070
8.8%
 
Service Revenue
1,881
1,752
7.4%
3,717
3,484
6.7%
 
Equipment Revenue
917
808
13.6%
1,800
1,586
13.5%
 
Fixed Line Revenue(2)
1,289
1,226
5.1%
2,551
2,468
3.4%
 
EBITDA
1,628
1,580
3.0%
3,215
3,130
2.7%
 
% total revenue
39.4%
41.2%
 
39.5%
41.0%
 
 
EBIT
725
725
0.0%
1,409
1,423
-0.9%
 
% total revenue
17.6%
18.9%
 
17.3%
18.6%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2)Includes equipment revenue.

 
Colombia Operating Data
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)(1)
41,677
40,187
3.7%
 
Postpaid
11,223
10,526
6.6%
 
Prepaid
30,454
29,662
2.7%
 
ARPU (COP)
15,210
14,697
3.5%
 
Churn (%)
2.6%
3.2%
(0.6)
 
Revenue Generating Units (RGUs)(2)
9,634
9,521
1.2%
 
(1)Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).
(2)Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 
   
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



Peru
 
129k postpaid net adds
During the quarter we recorded net postpaid additions of 129 thousand subscribers and disconnected 85 thousand prepaid subscribers, bringing our total wireless base to 12.8 million as of the end of June. On the fixed-line side, we maintained nearly two million RGUs, a figure that remained virtually unchanged from the previous quarter, as the 13 thousand new broadband accesses gained in the period were offset by disconnections in fixed-voice services.
 
Service revenue +5.1% YoY
Revenue reached 1.7 billion soles, a 4.7% increase compared to the same period last year. Service revenue growth accelerated to a pace of 5.1%, up from 4.5% in the first quarter, with improvements on both the mobile and fixed segments.
 
Mobile service revenue +6.4% YoY
In the mobile segment, service revenue rose 6.4%, compared to 5.8% in the previous quarter with prepaid revenue expanding at nearly twice the pace of postpaid. On the fixed-line side service revenue increased 1.3% year-over-year, up from 0.6% in the prior quarter. This was driven by a 7.8% increase in corporate network revenue, followed by broadband growth of 2.8%.
 
EBITDA +10.4% YoY
Thanks to the greater operating leverage, EBITDA rose 10.4% to 679 million soles. The EBITDA margin improved by 2.0 percentage points year-over-year, reaching 39.6%

 
INCOME STATEMENT - Peru Millions of Soles
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
1,716
1,638
4.7%
3,371
3,245
3.9%
 
Total Service Revenue
1,344
1,279
5.1%
2,669
2,546
4.8%
 
Wireless Revenue
1,375
1,306
5.2%
2,697
2,585
4.4%
 
Service Revenue
1,018
957
6.4%
2,021
1,905
6.1%
 
Equipment Revenue
357
350
2.0%
677
680
-0.5%
 
Fixed Line Revenue(2)
326
322
1.3%
648
642
1.0%
 
EBITDA
679
615
10.4%
1,336
1,223
9.2%
 
% total revenue
39.6%
37.5%
 
39.6%
37.7%
 
 
EBIT
358
288
24.5%
690
568
21.4%
 
% total revenue
20.9%
17.6%
 
20.5%
17.5%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2)Includes equipment revenue.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



 
Peru Operating Data
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
12,793
12,662
1.0%
 
Postpaid
6,639
6,179
7.4%
 
Prepaid
6,154
6,483
-5.1%
 
ARPU (Sol)
27
25
5.4%
 
Churn (%)
4.1%
4.1%
(0.1)
 
Revenue Generating Units (RGUs)(1)
1,952
1,904
2.5%
 
(1)Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   





Ecuador
 
48k wireless net adds
Our wireless base ended June with almost ten million subscribers, following net additions of 48 thousand during the quarter. On the fixed-line side we added 52 thousand RGUs, bringing the total to 672 thousand fixed-line RGUs a 20% year-on-year increase.
 
Fixed-line service revenue +4.1% YoY
Revenue reached 257 million dollars. Service revenue remained virtually unchanged compared to the previous year, with mobile service revenue declining 0.4%, in line with the first quarter, and fixed-line service revenue increasing 4.1%, up from 0.8% the prior quarter.
 
EBITDA +2.0% YoY
We continued to make extraordinary efforts to optimize our cost structure. These efforts led to a 2.0% increase in EBITDA year-over-year to 127 million dollars and a 1.5 percentage point improvement in the EBITDA margin, which reached 49.4%.

 
INCOME STATEMENT - Ecuador Millions of Dollars
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
257
260
-1.0%
512
511
0.1%
 
Total Service Revenue
228
228
0.1%
451
452
-0.1%
 
Wireless Revenue
228
229
-0.4%
454
453
0.2%
 
Service Revenue
200
201
-0.4%
397
398
-0.5%
 
Equipment Revenue
28
28
-0.3%
57
55
4.8%
 
Fixed Line Revenue(2)
29
27
6.3%
56
54
4.3%
 
EBITDA
127
125
2.0%
251
247
1.7%
 
% total revenue
49.4%
47.9%
 
49.1%
48.3%
 
 
EBIT
71
69
1.7%
139
138
0.9%
 
% total revenue
27.5%
26.7%
 
27.1%
26.9%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2)Includes equipment revenue.

 
Ecuador Operating Data



   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
9,996
9,610
4.0%
 
Postpaid
2,310
2,266
1.9%
 
Prepaid
7,686
7,344
4.7%
 
ARPU (US$)
7
7
-4.5%
 
Churn (%)
5.4%
2.7%
2.7
 
Revenue Generating Units (RGUs)(1)
672
560
20.0%
 
(1)Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



Southern Cone
 
Across our Southern Cone operations we recorded net disconnections of 31 thousand wireless subscribers despite adding 231 thousand postpaid clients. By the end of June, our wireless base totaled 35.5 million subscribers, representing a 4.2% increase year-over-year. On the fixed- line platform, we added 32 thousand RGUs, bringing the total to 7.2 million, up 2.4% from the previous year.
 
Argentina
 
All comments for Argentina related to annual variations of the presented period refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29.
 
Service revenue +13.0% YoY
Argentina’s economy continued its recovery, supported by fiscal discipline, monetary stabilization, and a flexible exchange rate regime. With inflation easing, Claro maintained strong performance. Total revenue rose 9.9%, while service revenue increased 13.0% in after- inflation terms.
 
Mobile service revenue +11.4% YoY & EBITDA +15.1% YoY
On the mobile platform, service revenue grew 11.4%, driven by a 61.8% annual increase in prepaid revenue. In the fixed-line segment, service revenue rose 19.4%, with PayTV and broadband revenues expanding 30.1% and 16.9%, respectively.
 
EBITDA for the period increased 15.1% in real terms, and the EBITDA margin improved by 1.8 percentage points, reaching 41.2%.

Chile, Paraguay & Uruguay
 
Service revenue +2.2% YoY & EBITDA +6.8% YoY
Revenue for this regional block grew 6.4% year-over-year to 322 billion Chilean pesos, with service revenue increasing 2.2%, reversing a 0.7% decline in the previous quarter. Mobile service revenue accelerated from 5.6% in the first quarter to 8.3% in the second. Postpaid revenue grew more than twice as fast as prepaid, though both segments showed similar improvements compared to the prior quarter.
 
On the fixed-line platform, the decline in service revenue moderated from -5.1% to -2.1%, supported by 13.1% growth in corporate network revenue.
 
Combined EBITDA rose 6.8% to 62.5 billion Chilean pesos with the EBITDA margin holding steady at 19.4% of revenue.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
   
Cone
 

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



 
INCOME STATEMENT - Argentina Millions of Constant ARS as of June 2025
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
633,865
576,688
9.9%
1,264,680
1,070,399
18.2%
 
Total Service Revenue
570,111
504,714
13.0%
1,131,263
928,895
21.8%
 
Wireless Revenue
512,752
475,692
7.8%
1,024,578
882,465
16.1%
 
Service Revenue
450,421
404,453
11.4%
893,191
741,963
20.4%
 
Equipment Revenue
62,330
71,240
-12.5%
131,387
140,502
-6.5%
 
Fixed Line Revenue(2)
119,689
100,262
19.4%
238,073
186,932
27.4%
 
EBITDA
260,949
226,800
15.1%
514,767
415,358
23.9%
 
% total revenue
41.2%
39.3%
 
40.7%
38.8%
 
 
EBIT
231,848
205,450
12.8%
458,402
368,866
24.3%
 
% total revenue
36.6%
35.6%
 
36.2%
34.5%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2)Includes equipment revenue.

 
INCOME STATEMENT - Chile, Paraguay & Uruguay(1)  Millions of Chilean Pesos
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(2)
321,927
302,459
6.4%
636,386
609,711
4.4%
 
Total Service Revenue
278,019
272,000
2.2%
554,362
550,357
0.7%
 
EBITDA
62,453
58,451
6.8%
123,131
100,003
23.1%
 
% total revenue
19.4%
19.3%
 
19.3%
16.4%
 
 
EBIT
-83,761
-80,956
-3.5%
-171,312
-152,791
-12.1%
 
% total revenue
-26.0%
-26.8%
 
-26.9%
-25.1%
 
 
(1)Proforma financial figures for Chile.
(2)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.

 
Southern Cone Operating Data(1)
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
35,455
34,015
4.2%
 
Postpaid
14,840
13,982
6.1%
 
Prepaid
20,615
20,033
2.9%
 
Churn (%)
2.2%
2.2%
0.0
 
Revenue Generating Units (RGUs)(2)
7,150
6,983
2.4%

(1)Includes information for Argentina, Chile, Paraguay and Uruguay.
(2)Fixed Line, Broadband and Television.
Content
   
     
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events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
   
Cone
 

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



Central America
 
90k postpaid net adds
Our wireless base in Central America ended June just under 17 million subscribers. We recorded 435 thousand disconnections, primarily due to a cleanup of mostly prepaid users in Honduras. However, we added 90 thousand new contract clients. On the fixed-line side we added 108 thousand new RGUs, including 51 thousand broadband accesses and 31 thousand PayTV subscriptions, bringing the total to 5.4 million fixed-line accesses.
 
Service revenue +10.7% YoY
Total revenue for the quarter reached 721 million dollars, a 10.1% increase year-over-year. Service revenue grew slightly faster at 10.7%, with strong performance in both mobile and fixed segments.
 
Mobile service revenue +12.8% YoY
Mobile service revenue rose 12.8% compared to the previous year, with postpaid revenue growing 14.0% and prepaid revenue increasing 12.0%. Although comparisons with the previous quarter are not meaningful due to a disrupted base, the trend is clearly positive when compared to the last two quarters of 2024.
 
Broadband revenue +10.2% YoY
Fixed-line service revenue increased 6.3% year-over-year, supported by improvements across all business lines. Broadband revenue rose 10.2%, corporate revenue 7.4%, and PayTV revenue 5.5%. Our ongoing modernization of the fixed-line network has significantly enhanced service quality and customer experience.

EBITDA +20.8% YoY
EBITDA for the period surged 20.8%, driven by strong top-line growth and operating leverage, reaching 339 million dollars. This represented an EBITDA margin of 47.0%, up 4.2 percentage points from the previous year.
Content
   
     
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events
   
     
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América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
 
Cone
 

   
Central
 
America  
and The
 
Caribbean
 

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



 
INCOME STATEMENT - Central America Millions of Dollars
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
721
655
10.1%
1,423
1,258
13.1%
 
Total Service Revenue
639
577
10.7%
1,262
1,118
12.9%
 
Wireless Revenue
515
457
12.8%
1,012
865
17.0%
 
Service Revenue
437
387
12.8%
860
741
16.1%
 
Equipment Revenue
78
69
12.8%
152
125
22.3%
 
Fixed Line Revenue(2)
203
194
4.2%
403
386
4.6%
 
EBITDA
339
280
20.8%
669
524
27.6%
 
% total revenue
47.0%
42.8%
 
47.0%
41.7%
 
 
EBIT
175
128
37.0%
346
233
48.5%
 
% total revenue
24.3%
19.5%
 
24.3%
18.5%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues includes other revenue.
(2)Includes equipment revenue.

 
Central America Operating Data
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
16,952
16,786
1.0%
 
Postpaid
2,968
2,656
11.7%
 
Prepaid
13,983
14,130
-1.0%
 
ARPU (US$)
8
8
8.9%
 
Churn (%)
6.1%
5.7%
0.4
 
Revenue Generating Units (RGUs)(1)
5,417
5,027
7.8%
 
(1)Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
 
Cone
 

   
Central
 
America  
and The
 
Caribbean
 

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



The Caribbean
 
65k wireless net adds in the Dominican Republic
We ended the quarter with eight million wireless subscribers across the Caribbean, following net additions of 65 thousand in the Dominican Republic and disconnections of 111 thousand in Puerto Rico, all of which were prepaid. On the fixed-line side we added 17 thousand new RGUs, bringing the total to 2.9 million.
 
EBITDA +3.7% YoY in the Dominican Republic
Revenue increased 1.7%, driven by service revenue growth of 2.0%. Fixed-line service revenue rose 3.6%, with broadband revenue growth accelerating to 12.4%, up from 11.6% in the previous quarter. Corporate network revenue normalized to 5.3% growth, following an unusually strong performance in the prior quarter due to a special IT project. EBITDA increased 3.7% year-over- year, and the EBITDA margin improved by one percentage point, reaching 52.5%.
 
Fixed-line service revenue +3.9% YoY in Puerto Rico
Revenue continued to decline as government subsidies were phased out, though at a more moderate pace. Service revenue fell 0.7% year-over-year, improving from a 2.9% decline in the previous quarter. On the mobile platform, service revenue declined 4.1%, while on the fixed- line platform, it rose 3.9%, driven by strong growth in PayTV revenue (up 69.3%) and broadband revenue (up 9.5%). The EBITDA decline also moderated, falling 6.5%, compared to a 19.7% drop in the previous quarter.

 
INCOME STATEMENT - The Caribbean Millions of Dollars
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
479
481
-0.4%
954
967
-1.3%
 
Total Service Revenue
425
424
0.3%
845
850
-0.6%
 
Wireless Revenue
298
302
-1.4%
591
611
-3.2%
 
Service Revenue
243
247
-1.7%
481
498
-3.4%
 
Equipment Revenue
55
55
0.3%
110
113
-2.3%
 
Fixed Line Revenue(2)
184
181
1.8%
367
360
2.1%
 
EBITDA
178
177
0.6%
349
359
-2.7%
 
% total revenue
37.2%
36.8%
 
36.6%
37.1%
 
 
EBIT
85
82
3.0%
165
169
-2.1%
 
% total revenue
17.7%
17.1%
 
17.3%
17.5%
 
 
(1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.
(2)Includes equipment revenue.
Content
   
     
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events
   
     
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Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
 
Cone
 

   
Central
 
America  
and The
 
Caribbean
 

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   




 
The Caribbean Operating Data
     
   
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
7,955
7,743
2.7%
 
Postpaid
2,367
2,273
4.1%
 
Prepaid
5,587
5,470
2.2%
 
ARPU (US$)
10
11
-5.7%
 
Churn (%)
3.4%
3.1%
0.3
 
Revenue Generating Units (RGUs)(1)
2,878
2,827
1.8%
 
(1)Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

 
América
 
Móvil
   
Consolidated
   
     
Mexico
   
     
Brazil
   

   
Colombia
 

 
Other South
 
America
 
     
Southern
 
Cone
 

   
Central
 
America  
and The
 
Caribbean
 

   
Austria and
   
Eastern
   
Europe
   
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   




Austria and Eastern Europe
 
Our combined wireless subscriber base in Europe reached 28.3 million by the end of June, following net additions of 161 thousand subscribers and 557 thousand M2M units from A1 Digital. In the fixed-line segment, RGUs increased by 16 thousand, bringing the total to 6.4 million.
 
Service revenue +1.8% YoY
Total revenue for the Group reached 1.4 billion euros, a 4.1% increase compared to the same period last year. Service revenue grew 1.8%, with mobile revenue up 2.4% and fixed-line revenue rising 1.1%. The fastest-growing business lines were PayTV, up 9.4%, and corporate networks, up 7.4%, followed by postpaid, which increased 2.9%. Service revenue growth soared 7.2% in our Central Eastern European markets and declined 2.5% in Austria.
 
EBITDA +3.4% YoY
EBITDA rose 3.4% year-over-year to 521 million euros, with the EBITDA margin at 38.0%. It’s worth noting that operating expenses in the year-earlier quarter included one-off effects totaling 21 million euros. Adjusting for these, EBITDA would have declined by 0.7%.

 
INCOME STATEMENT - Austria and Eastern Europe Millions of Euros
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Total Revenue(1)
1,370
1,316
4.1%
2,685
2,583
3.9%
 
Total Service Revenue
1,145
1,124
1.8%
2,253
2,195
2.6%
 
Wireless Revenue
810
774
4.7%
1,587
1,525
4.0%
 
Service Revenue
642
627
2.4%
1,257
1,223
2.8%
 
Equipment Revenue
168
147
14.4%
330
303
9.0%
 
Fixed Line Revenue(2)
536
519
3.3%
1,055
1,013
4.1%
 
EBITDA
521
504
3.4%
999
959
4.2%
 
% total revenue
38.0%
38.3%
 
37.2%
37.1%
 
 
EBIT
217
218
-0.6%
401
396
1.2%
 
% total revenue
15.8%
16.6%
 
14.9%
15.3%
 
 
For further detail please visit www.a1.group/en/investor-relations
(1)Total revenue includes other revenue.
(2)Includes equipment revenue.
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Colombia
 

 
Other South
 
America
 
     
Southern
 
Cone
 

   
Central
 
America  
and The
 
Caribbean
 

   
Austria and
 
Eastern
 
Europe
 
     
Currency
   
Exchange
   
Rates
   
     
Appendix
   
     
Glossary
   



 
Austria and Eastern Europe Operating Data
 
2Q25
2Q24
Var.%
 
Wireless Subscribers (thousands)
28,306
25,949
9.1%
 
Postpaid
24,701
22,232
11.1%
 
Prepaid
3,605
3,717
-3.0%
 
A1 Digital Subscribers (thousands)
7,923
5,785
37.0%
 
ARPU (Euros)
8
8
-6.2%
 
Churn (%)
1.0%
1.2%
-0.1
 
Revenue Generating Units (RGUs)(1)
6,395
6,283
1.8%
 
(1) Fixed Line, Broadband and Television.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Southern
   
Cone
   

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
 
Eastern
 
Europe
 
     
Currency


Exchange


Rates





Appendix





Glossary
   




 
Exchange Rates Local Currency Units per MxP
   
2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Euro
           
 
End of Period
0.0449
0.0512
-12.3%
0.0449
0.0512
-12.3%
 
Average
0.0451
0.0540
-16.5%
0.0458
0.0541
-15.4%
 
USD
           
 
End of Period
0.0529
0.0549
-3.6%
0.0529
0.0549
-3.6%
 
Average
0.0511
0.0581
-12.0%
0.0500
0.0585
-14.4%
 
Brazilian Real
           
 
End of Period
0.2888
0.3051
-5.3%
0.2888
0.3051
-5.3%
 
Average
0.2899
0.3030
-4.3%
0.2882
0.2972
-3.0%
 
Argentinean Peso
           
 
End of Period
63.7809
50.0508
27.4%
63.7809
50.0508
27.4%
 
Average
58.8145
51.4693
14.3%
55.1953
50.2822
9.8%
 
Chilean Peso
           
 
End of Period
49.4061
51.8256
-4.7%
49.4061
51.8256
-4.7%
 
Average
48.4359
54.3024
-10.8%
47.8081
54.9660
-13.0%
 
Colombian Peso
           
 
End of Period
215.4085
228.1975
-5.6%
215.4085
228.1975
-5.6%
 
Average
214.4929
228.0668
-6.0%
209.8237
229.2598
-8.5%
 
Guatemalan Quetzal
           
 
End of Period
0.4067
0.4264
-4.6%
0.4067
0.4264
-4.6%
 
Average
0.3930
0.4514
-12.9%
0.3851
0.4555
-15.4%
 
Peruvian Sol
           
 
End of Period
0.1878
0.2106
-10.8%
0.1878
0.2106
-10.8%
 
Average
0.1872
0.2176
-14.0%
0.1842
0.2195
-16.1%
 
Dominican Republic Peso
 
End of Period
3.1726
3.2506
-2.4%
3.1726
3.2506
-2.4%
 
Average
3.0518
3.4344
-11.1%
3.0532
3.4534
-11.6%
 
Belarusian Ruble
           
 
End of Period
0.1570
0.1508
4.1%
0.1570
0.1508
4.1%
 
Average
0.1550
0.1597
-2.9%
0.1523
0.1607
-5.2%
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Central
   
America    
and The
   
Caribbean
   

   
Austria and
 
Eastern
   
Europe
   
     
Currency


Exchange

Rates




Appendix





Glossary
   





 
Exchange Rates Local Currency Units per USD
 

2Q25
2Q24
Var.%
Jan-Jun 25
Jan-Jun 24
Var.%
 
Euro
           
 
End of Period
             0.8484
             0.9334
-9.1%
                0.8484
                0.9334
-9.1%
 
Average
              0.8813
              0.9291
-5.1%
                 0.9146
                0.9250
-1.1%
 
Mexican Peso
           
 
End of Period
           18.8928
            18.2215
3.7%
              18.8928
               18.2215
3.7%
 
Average
           19.5585
            17.2135
13.6%
               19.9915
               17.1058
16.9%
 
Brazilean Real
           
 
End of Period
              5.4571
             5.5589
-1.8%
                 5.4571
                5.5589
-1.8%
 
Average
             5.6693
               5.2161
8.7%
                 5.7610
                5.0836
13.3%
 
Argentinean Peso
           
 
End of Period
   1,205.0000
        912.0000
32.1%
       1,205.0000
           912.0000
32.1%
 
Average
    1,150.3253
       885.9688
29.8%
        1,103.4347
            860.1153
28.3%
 
Chilean Peso
           
 
End of Period
       933.4200
       944.3400
-1.2%
          933.4200
          944.3400
-1.2%
 
Average
       947.3348
       934.7367
1.3%
          955.7528
          940.2350
1.7%
 
Colombian Peso
           
 
End of Period
  4,069.6700
    4,158.1000
-2.1%
      4,069.6700
        4,158.1000
-2.1%
 
Average
    4,195.1642
  3,925.8360
6.9%
       4,194.6825
       3,921.6607
7.0%
 
Guatemalan Quetzal
           
 
End of Period
             7.6845
             7.7687
-1.1%
                7.6845
                7.7687
-1.1%
 
Average
             7.6869
             7.7708
-1.1%
                7.6995
                7.7908
-1.2%
 
Peruvian Sol
           
 
End of Period
             3.5490
             3.8370
-7.5%
                3.5490
                3.8370
-7.5%
 
Average
             3.6605
             3.7459
-2.3%
                3.6826
                3.7540
-1.9%
 
Dominican Republic Peso
           
 
End of Period
          59.9400
          59.2300
1.2%
             59.9400
             59.2300
1.2%
 
Average
          59.6886
            59.1175
1.0%
               61.0381
             59.0724
3.3%
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Central
   
America    
and The
   
Caribbean
   

   
Austria and
 
Eastern
   
Europe
   
     
Currency


Exchange

Rates




Appendix





Glossary
   



Appendix A

 
Financial Debt of América Móvil(1)  Millions
   
   
Jun -25
Dec -24
 
Peso - denominated debt (MxP)
123,330
130,585
 
Bonds(2)
113,370
120,205
 
Banks and others
9,960
10,380
 
U.S. Dollar - denominated debt (USD)
10,380
10,254
 
Bonds
9,550
9,094
 
Banks and others
830
1,160
 
Euro - denominated Debt (EUR)
4,298
4,318
 
Bonds
2,782
2,782
 
Commercial Paper
1,286
1,246
 
Banks and others
230
290
 
Sterling - denominated Debt (GBP)
2,200
2,200
 
Bonds
2,200
2,200
 
Reais - denominated Debt (BRL)
10,000
10,000
 
Bonds
10,000
10,000
 
Banks and others
0
0
 
Debt denominated in other currencies (MxP)(3)
57,869
50,852
 
Bonds
5,679
5,581
 
Banks and others
52,189
45,271
 
Total Debt (MxP)
564,714
568,482
 
Cash, Marketable Securities and Short Term Financial
Investments (MxP)(4)
92,730
83,336
 
Net Debt (MxP)
471,985
485,146
 
(1)This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.
(2)Includes the effect of inflation-linked debt.
(3)Includes Chilean peso, Colombian peso, Dominican peso, Japanese yen and Peruvian soles.
(4)Includes fixed income securities.

Summary Cash Flow Millions of Mexican pesos
   
 
Jan-Jun 25
Jan-Jun 24
Funds from Operations
74,972
66,788
Capital Expenditures
54,919
56,208
Free Cash Flow
20,054
10,580
Net Debt Amortizations
7,274
(14,278)
Dividends and Share Buybacks
9,387
11,352
Sale of Ownership Interest
677
678
Amortization of Labor Obligations
2,717
12,828
 
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
 
Eastern
   
Europe
   
     
Currency



Exchange

 
Rates

 



Appendix



Glossary
   




 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 

[210000] Statement of financial position, current/non-current


Concept
Close Current
Quarter
2025-06-30

Close Previous
Exercise
2024-12-31


Statement of financial position [abstract]
 
 

Assets [abstract]
 
 

Current assets [abstract]
 
 

Cash and cash equivalents
45,645,139,000

36,652,098,000


Trade and other current receivables
180,550,389,000

171,616,822,000


Current tax assets, current
57,515,951,000

50,900,914,000


Other current financial assets
53,993,750,000

57,352,147,000


Current inventories
26,114,622,000

23,751,457,000


Current biological assets
0

0


Other current non-financial assets
23,595,153,000

13,424,395,000


Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners
387,415,004,000

353,697,833,000


Non-current assets or disposal groups classified as held for sale or as held for distribution to owners
0

0


Total current assets
387,415,004,000

353,697,833,000


Non-current assets [abstract]
 
 

Trade and other non-current receivables
10,232,599,000

9,394,158,000


Current tax assets, non-current
21,696,126,000

19,576,372,000


Non-current inventories
0

0


Non-current biological assets
0

0


Other non-current financial assets
16,479,124,000

13,908,873,000


Investments accounted for using equity method
0

0


Investments in subsidiaries, joint ventures and associates
4,117,802,000

3,678,383,000


Property, plant and equipment
701,620,100,000

713,784,429,000


Investment property
0

0


Right-of-use assets that do not meet definition of investment property
189,044,455,000

199,460,378,000


Goodwill
162,023,020,000

156,836,369,000


Intangible assets other than goodwill
141,225,007,000

141,736,581,000


Deferred tax assets
149,465,081,000

153,217,164,000


Other non-current non-financial assets
31,705,596,000

28,630,417,000


Total non-current assets
1,427,608,910,000

1,440,223,124,000


Total assets
1,815,023,914,000

1,793,920,957,000


Equity and liabilities [abstract]
 
 

Liabilities [abstract]
 
 

Current liabilities [abstract]
 
 

Trade and other current payables
217,766,858,000

199,646,519,000


Current tax liabilities, current
76,087,202,000

75,887,223,000


Other current financial liabilities
127,435,094,000

126,396,447,000


Current lease liabilities
32,790,622,000

35,436,851,000


Other current non-financial liabilities
0

0


Current provisions [abstract]
 
 

Current provisions for employee benefits
24,553,243,000

18,183,111,000


Other current provisions
40,883,392,000

38,850,726,000


Total current provisions
65,436,635,000

57,033,837,000


Total current liabilities other than liabilities included in disposal groups classified as held for sale
519,516,411,000

494,400,877,000


Liabilities included in disposal groups classified as held for sale
0

0


Total current liabilities
519,516,411,000

494,400,877,000


Non-current liabilities [abstract]
 
 

Trade and other non-current payables
20,996,488,000

19,897,575,000


Current tax liabilities, non-current
0

0


11 of 65


 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 


Concept
Close Current
Quarter
2025-06-30

Close Previous
Exercise
2024-12-31


Other non-current financial liabilities
453,681,191,000

463,374,893,000


Non-current lease liabilities
171,011,925,000

177,666,377,000


Other non-current non-financial liabilities
0

0


Non-current provisions [abstract]
 
 

Non-current provisions for employee benefits
164,272,779,000

167,152,441,000


Other non-current provisions
11,894,366,000

11,512,779,000


Total non-current provisions
176,167,145,000

178,665,220,000


Deferred tax liabilities
28,766,992,000

27,731,694,000


Total non-current liabilities
850,623,741,000

867,335,759,000


Total liabilities
1,370,140,152,000

1,361,736,636,000


Equity [abstract]
 
 

Issued capital
95,354,454,000

95,356,548,000


Share premium
0

0


Treasury shares
0

0


Retained earnings
518,348,087,000

517,248,667,000


Other reserves
(234,858,805,000)

(243,519,865,000)


Total equity attributable to owners of parent
378,843,736,000

369,085,350,000


Non-controlling interests
66,040,026,000

63,098,971,000


Total equity
444,883,762,000

432,184,321,000


Total equity and liabilities
1,815,023,914,000

1,793,920,957,000


12 of 65


 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 

[310000] Statement of comprehensive income, profit or loss, by function of expense

 
Concept
Accumulated
Current Year
2025-01-01 - 2025-
06-30
 
Accumulated
Previous Year
2024-01-01 - 2024-
06-30
 
Quarter Current
Year
2025-04-01 - 2025-
06-30
 
Quarter Previous
Year
2024-04-01 - 2024-
06-30
 
 
Profit or loss [abstract]
               
 
Profit (loss) [abstract]
               
 
Revenue
465,822,529,000
 
408,822,059,000
 
233,784,628,000
 
205,524,499,000
 
 
Cost of sales
266,904,407,000
 
231,237,070,000
 
133,149,623,000
 
113,575,563,000
 
 
Gross profit
198,918,122,000
 
177,584,989,000
 
100,635,005,000
 
91,948,936,000
 
 
Distribution costs
68,593,337,000
 
58,265,145,000
 
34,375,834,000
 
29,428,432,000
 
 
Administrative expenses
35,205,503,000
 
30,024,151,000
 
17,484,605,000
 
15,262,037,000
 
 
Other income
0
 
0
 
0
 
0
 
 
Other expense
2,967,096,000
 
3,029,629,000
 
1,436,196,000
 
1,750,413,000
 
 
Profit (loss) from operating activities
92,152,186,000
 
86,266,064,000
 
47,338,370,000
 
45,508,054,000
 
 
Finance income
15,946,852,000
 
9,194,553,000
 
12,699,063,000
 
5,762,148,000
 
 
Finance costs
37,115,671,000
 
63,112,687,000
 
20,428,226,000
 
45,972,265,000
 
 
Share of profit (loss) of associates and joint ventures accounted for using equity method
65,817,000
 
(2,725,088,000)
 
39,192,000
 
(1,144,052,000)
 
 
Profit (loss) before tax
71,049,184,000
 
29,622,842,000
 
39,648,399,000
 
4,153,885,000
 
 
Tax income (expense)
27,713,607,000
 
15,438,979,000
 
16,026,127,000
 
4,277,895,000
 
 
Profit (loss) from continuing operations
43,335,577,000
 
14,183,863,000
 
23,622,272,000
 
(124,010,000)
 
 
Profit (loss) from discontinued operations
0
 
0
 
0
 
0
 
 
Profit (loss)
43,335,577,000
 
14,183,863,000
 
23,622,272,000
 
(124,010,000)
 
 
Profit (loss), attributable to [abstract]
               
 
Profit (loss), attributable to owners of parent
40,984,685,000
 
12,401,046,000
 
22,281,942,000
 
(1,092,502,000)
 
 
Profit (loss), attributable to non-controlling interests
2,350,892,000
 
1,782,817,000
 
1,340,330,000
 
968,492,000
 
 
Earnings per share [text block]
               
 
Earnings per share [abstract]
               
 
Earnings per share [line items]
               
 
Basic earnings per share [abstract]
               
 
Basic earnings (loss) per share from continuing operations
0.67
 
0.2
 
0.37
 
(0.02)
 
 
Basic earnings (loss) per share from discontinued operations
0
 
0
 
0
 
0
 
 
Total basic earnings (loss) per share
0.67
 
0.2
 
0.37
 
(0.02)
 
 
Diluted earnings per share [abstract]
               
 
Diluted earnings (loss) per share from continuing operations
0.67
 
0.2
 
0.37
 
(0.02)
 
 
Diluted earnings (loss) per share from discontinued operations
0
 
0
 
0
 
0
 
 
Total diluted earnings (loss) per share
0.67
 
0.2
 
0.37
 
(0.02)
 

13 of 65


 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 

[410000] Statement of comprehensive income, OCI components presented net of tax

 
Concept
Accumulated
Current Year
2025-01-01 -
2025-06-30
 
Accumulated
Previous Year
2024-01-01 -
2024-06-30
 
Quarter Current
Year
2025-04-01 -
2025-06-30
 
Quarter
Previous Year
2024-04-01 -
2024-06-30
 
 
Statement of comprehensive income [abstract]
               
 
Profit (loss)
43,335,577,000
 
14,183,863,000
 
23,622,272,000
 
(124,010,000)
 
 
Other comprehensive income [abstract]
               
 
Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]
               
 
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments
918,677,000
 
4,567,736,000
 
(3,863,841,000)
 
4,695,517,000
 
 
Other comprehensive income, net of tax, gains (losses) on revaluation
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans
6,972,827,000
 
(82,068,000)
 
6,989,379,000
 
22,823,000
 
 
Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity instruments
0
 
0
 
0
 
0
 
 
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax
0
 
0
 
0
 
0
 
 
Total other comprehensive income that will not be reclassified to profit or loss, net of tax
7,891,504,000
 
4,485,668,000
 
3,125,538,000
 
4,718,340,000
 
 
Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]
               
 
Exchange differences on translation [abstract]
               
 
Gains (losses) on exchange differences on translation, net of tax
4,322,497,000
 
22,913,810,000
 
(19,457,929,000)
 
29,472,820,000
 
 
Reclassification adjustments on exchange differences on translation, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, exchange differences on translation
4,322,497,000
 
22,913,810,000
 
(19,457,929,000)
 
29,472,820,000
 
 
Available-for-sale financial assets [abstract]
               
 
Gains (losses) on remeasuring available-for-sale financial assets, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on available-for-sale financial assets, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, available-for-sale financial assets
0
 
0
 
0
 
0
 
 
Cash flow hedges [abstract]
               
 
Gains (losses) on cash flow hedges, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on cash flow hedges, net of tax
0
 
0
 
0
 
0
 
 
Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, cash flow hedges
0
 
0
 
0
 
0
 
 
Hedges of net investment in foreign operations [abstract]
               
 
Gains (losses) on hedges of net investments in foreign operations, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on hedges of net investments in foreign operations, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, hedges of net investments in foreign operations
0
 
0
 
0
 
0
 
 
Change in value of time value of options [abstract]
               
 
Gains (losses) on change in value of time value of options, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on change in value of time value of options, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, change in value of time value of options
0
 
0
 
0
 
0
 
 
Change in value of forward elements of forward contracts [abstract]
               
 
Gains (losses) on change in value of forward elements of forward contracts, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on change in value of forward elements of forward contracts, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, change in value of forward elements of
0
 
0
 
0
 
0
 

14 of 65


 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 

 
Concept
Accumulated
Current Year
2025-01-01 -
2025-06-30
 
Accumulated
Previous Year
2024-01-01 -
2024-06-30
 
Quarter Current
Year
2025-04-01 -
2025-06-30
 
Quarter Previous
Year
2024-04-01 -
2024-06-30
 
 
forward contracts
               
 
Change in value of foreign currency basis spreads [abstract]
               
 
Gains (losses) on change in value of foreign currency basis spreads, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on change in value of foreign currency basis spreads, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, change in value of foreign currency basis spreads
0
 
0
 
0
 
0
 
 
Financial assets measured at fair value through other comprehensive income [abstract]
               
 
Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax
0
 
0
 
0
 
0
 
 
Reclassification adjustments on financial assets measured at fair value through other comprehensive income, net of tax
0
 
0
 
0
 
0
 
 
Amounts removed from equity and adjusted against fair value of financial assets on reclassification out of fair value through other comprehensive income measurement category, net of tax
0
 
0
 
0
 
0
 
 
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income
0
 
0
 
0
 
0
 
 
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax
0
 
0
 
0
 
0
 
 
Total other comprehensive income that will be reclassified to profit or loss, net of tax
4,322,497,000
 
22,913,810,000
 
(19,457,929,000)
 
29,472,820,000
 
 
Total other comprehensive income
12,214,001,000
 
27,399,478,000
 
(16,332,391,000)
 
34,191,160,000
 
 
Total comprehensive income
55,549,578,000
 
41,583,341,000
 
7,289,881,000
 
34,067,150,000
 
 
Comprehensive income attributable to [abstract]
               
 
Comprehensive income, attributable to owners of parent
50,071,999,000
 
37,129,353,000
 
4,984,119,000
 
28,830,597,000
 
 
Comprehensive income, attributable to non-controlling interests
5,477,579,000
 
4,453,988,000
 
2,305,762,000
 
5,236,553,000
 

15 of 65


 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 

[520000] Statement of cash flows, indirect method

 
Concept
Accumulated Current
Year
2025-01-01 - 2025-06-30
 
Accumulated Previous
Year
2024-01-01 - 2024-06-30
 
 
Statement of cash flows [abstract]
       
 
Cash flows from (used in) operating activities [abstract]
       
 
Profit (loss)
43,335,577,000
 
14,183,863,000
 
 
Adjustments to reconcile profit (loss) [abstract]
       
 
+ Discontinued operations
0
 
0
 
 
+ Adjustments for income tax expense
27,713,607,000
 
15,438,979,000
 
 
+ (-) Adjustments for finance costs
7,850,553,000
 
42,317,160,000
 
 
+ Adjustments for depreciation and amortisation expense
91,305,527,000
 
77,432,004,000
 
 
+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss
0
 
0
 
 
+ Adjustments for provisions
12,965,224,000
 
10,026,659,000
 
 
+ (-) Adjustments for unrealised foreign exchange losses (gains)
0
 
0
 
 
+ Adjustments for share-based payments
0
 
0
 
 
+ (-) Adjustments for fair value losses (gains)
0
 
0
 
 
- Adjustments for undistributed profits of associates
0
 
0
 
 
+ (-) Adjustments for losses (gains) on disposal of non-current assets
159,669,000
 
111,510,000
 
   
(65,817,000)
 
2,725,088,000
 
 
+ (-) Adjustments for decrease (increase) in inventories
(2,460,645,000)
 
(3,749,667,000)
 
 
+ (-) Adjustments for decrease (increase) in trade accounts receivable
(16,149,061,000)
 
(6,879,597,000)
 
 
+ (-) Adjustments for decrease (increase) in other operating receivables
(11,487,014,000)
 
(12,736,952,000)
 
 
+ (-) Adjustments for increase (decrease) in trade accounts payable
(7,385,037,000)
 
(7,766,850,000)
 
 
+ (-) Adjustments for increase (decrease) in other operating payables
(6,378,755,000)
 
(20,731,684,000)
 
 
+ Other adjustments for non-cash items
0
 
0
 
 
+ Other adjustments for which cash effects are investing or financing cash flow
0
 
0
 
 
+ Straight-line rent adjustment
0
 
0
 
 
+ Amortization of lease fees
0
 
0
 
 
+ Setting property values
0
 
0
 
 
+ (-) Other adjustments to reconcile profit (loss)
0
 
0
 
 
+ (-) Total adjustments to reconcile profit (loss)
96,068,251,000
 
96,186,650,000
 
 
Net cash flows from (used in) operations
139,403,828,000
 
110,370,513,000
 
 
- Dividends paid
0
 
0
 
   
0
 
0
 
 
- Interest paid
0
 
0
 
 
+ Interest received
1,306,416,000
 
2,123,818,000
 
 
+ (-) Income taxes refund (paid)
29,506,571,000
 
21,613,000,000
 
 
+ (-) Other inflows (outflows) of cash
0
 
0
 
 
Net cash flows from (used in) operating activities
111,203,673,000
 
90,881,331,000
 
 
Cash flows from (used in) investing activities [abstract]
       
 
+ Cash flows from losing control of subsidiaries or other businesses
0
 
0
 
 
- Cash flows used in obtaining control of subsidiaries or other businesses
178,939,000
 
0
 
 
+ Other cash receipts from sales of equity or debt instruments of other entities
0
 
0
 
 
- Other cash payments to acquire equity or debt instruments of other entities
420,590,000
 
7,724,000
 
 
+ Other cash receipts from sales of interests in joint ventures
0
 
0
 
 
- Other cash payments to acquire interests in joint ventures
0
 
0
 
 
+ Proceeds from sales of property, plant and equipment
154,726,000
 
173,796,000
 
 
- Purchase of property, plant and equipment
48,306,687,000
 
48,298,505,000
 
 
+ Proceeds from sales of intangible assets
0
 
0
 
 
- Purchase of intangible assets
6,611,930,000
 
7,909,424,000
 
 
+ Proceeds from sales of other long-term assets
0
 
0
 
 
- Purchase of other long-term assets
0
 
0
 

16 of 65


 
AMERICA MOVIL, S.A.B. DE C.V.
Consolidated
 
 
Ticker:
AMX
Quarter:
2
Year:
2025
 

 
Concept
Accumulated Current
Year
2025-01-01 - 2025-06-30
 
Accumulated Previous
Year
2024-01-01 - 2024-06-30
 
 
+ Proceeds from government grants
0
 
0
 
 
- Cash advances and loans made to other parties
0
 
0
 
 
+ Cash receipts from repayment of advances and loans made to other parties
0
 
0
 
 
- Cash payments for futures contracts, forward contracts, option contracts and swap contracts
(3,766,279,000)
 
1,092,158,000
 
 
+ Cash receipts from futures contracts, forward contracts, option contracts and swap contracts
0
 
0
 
 
+ Dividends received
1,546,072,000
 
1,213,540,000
 
 
- Interest paid
0
 
0
 
 
+ Interest received
0
 
0
 
   
0
 
0
 
 
+ (-) Other inflows (outflows) of cash
(1,167,002,000)
 
(6,724,752,000)
 
 
Net cash flows from (used in) investing activities
(51,218,071,000)
 
(62,645,227,000)
 
 
Cash flows from (used in) financing activities [abstract]
       
 
+ Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control
0
 
0
 
 
- Payments from changes in ownership interests in subsidiaries that do not result in loss of control
238,566,000
 
1,571,662,000
 
 
+ Proceeds from issuing shares
0
 
0
 
 
+ Proceeds from issuing other equity instruments
0
 
0
 
 
- Payments to acquire or redeem entity's shares
8,654,375,000
 
12,535,774,000
 
 
- Payments of other equity instruments
0
 
0
 
 
+ Proceeds from borrowings
94,531,705,000
 
153,851,733,000
 
 
- Repayments of borrowings
92,040,113,000
 
127,710,133,000
 
 
- Payments of finance lease liabilities
0
 
0
 
 
- Payments of lease liabilities
25,992,817,000
 
21,830,255,000
 
 
+ Proceeds from government grants
0
 
0
 
 
- Dividends paid
2,299,230,000
 
18,558,000
 
 
- Interest paid
16,236,922,000
 
13,786,146,000
 
 
+ (-) Income taxes refund (paid)
0
 
0
 
 
+ (-) Other inflows (outflows) of cash
0
 
0
 
 
Net cash flows from (used in) financing activities
(50,930,318,000)
 
(23,600,795,000)
 
 
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes
9,055,284,000
 
4,635,309,000
 
 
Effect of exchange rate changes on cash and cash equivalents [abstract]
       
 
Effect of exchange rate changes on cash and cash equivalents
(62,243,000)
 
53,569,000
 
 
Net increase (decrease) in cash and cash equivalents
8,993,041,000
 
4,688,878,000
 
 
Cash and cash equivalents at beginning of period
36,652,098,000
 
26,597,773,000
 
 
Cash and cash equivalents at end of period
45,645,139,000
 
31,286,651,000
 

17 of 65



Glossary of Terms
       
 
ARPU
 
Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.
       
 
Capex
 
Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
       
 
Churn
 
Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.
       
 
EBIT
 
Earnings Before Interest and Taxes, also known as Operating Profit.
       
 
EBIT margin
 
The ratio of EBIT to total operating revenue.
       
 
EBITDA
 
Earnings Before Interest, Taxes, Depreciation, and Amortization.
       
 
EBITDAaL
 
Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.
       
 
EBITDA
margin
 
The ratio of EBITDA to total operating revenue.
       
 
EPS (Mexican
pesos)
 
Earnings per share. Total earnings in Mexican pesos divided by total shares.
       
 
Earnings per
ADR (US$)
 
Total earnings in U.S. dollars divided by total ADRs equivalent.
       
 
Gross
additions
 
Total number of subscribers acquired during the period.
       
 
Licensed pops
 
Licensed population. Population covered by the licenses that each of the companies manage.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     

   
Central
   
America    
and The
   
Caribbean
   

   
Austria and
 
Eastern
   
Europe
   
     
Currency


Exchange

 
Rates

 



Appendix



Glossary
   
 


Glossary of Terms
       
 
Market share
 
A company’s subscribers base divided by the total number of subscribers in that country.
       
 
MBOU
 
Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
       
 
Net subscriber
additions
 
The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections
       
 
Net debt
 
Total short and long term debt minus cash and marketable securities.
       
 
Net debt/
EBITDA
 
 
The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.
       
 
Prepaid
 
Subscriber that may recharge a mobile phone. The client does not hold a contract with the company.
       
 
Postpaid
 
Subscriber that has a contract for the use of voice and data, mobile WiFi routers and machine-to-machine devices.
       
 
SAC
 
Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation.
Handset subsidy is calculated as the difference between equipment cost and equipment revenue.
       
 
Wireless
penetration
 
The ratio of total wireless subscribers in any given country divided by the total population in that country.
Content
   
     
Highlights
   

   
Relevant
   
events
   
     
Subscribers
 

   
América
 
Móvil
   
Consolidated
   
     
Mexico
   
   
Brazil
   

   
Colombia
   
     
Other South
   
America
   
     
Central
   
America    
and The
   
Caribbean
   

   
Austria and
 
Eastern
   
Europe
   
     
Currency


Exchange

 
Rates

 



Appendix



Glossary
   

 
 

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date: July 24, 2025
     
       
     
AMÉRICA MÓVIL, S.A.B. DE C.V.
       
 
By:
 
/s/Carlos José García Moreno Elizondo
       
 
Name:
 
Carlos José García Moreno Elizondo
       
 
Title:
 
Chief Financial Officer