6-K 1 ef20071211_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 April, 2026
 
Commission File Number: 1-16269

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

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

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F  ☒             Form 40-F  ☐




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 first quarter of 2026.


 
•
In the first quarter we added 3.0 million wireless subscribers, all of them postpaid, having disconnected 90 thousand prepaid subscribers. In the postpaid segment Brazil led the way with 1.3 million clients followed by Colombia with 258 thousand and Peru with 191 thousand.

 
•
In the fixed-line segment we connected 594 thousand new broadband accesses with Mexico and Brazil being the main contributors, with 175 thousand and 115 thousand clients, respectively.

 
•
First quarter revenue was 2.1% higher than a year ago in Mexican peso terms, to 237 billion Mexican pesos. At constant exchange rates revenue rose 6.1% on the back of a 4.6% increase in service revenue and an 11.3% in equipment revenue.

 
•
Mobile service revenue growth came in at 6.4% year-on-year, with prepaid revenue expanding 5.0%— it has been accelerating quarter after quarter—and postpaid revenue 7.3%.

 
•
On the fixed-line platform service revenue increased 1.7% year-on-year, with very rapid growth in Eastern Europe, Central America, Peru and Ecuador.

 
•
EBITDA reached 95 billion Mexican pesos, having risen 3.8% from the year-earlier quarter in Mexican peso terms. At constant exchange rates EBITDA increased 8.0%. The EBITDA margin stood at 39.9%, among the highest levels we have seen. EBITDA growth is proceeding at a faster pace than service revenue on account of greater operating leverage.

 
•
Our first quarter operating profit came in at 51 billion Mexican pesos and was up 12.7% in Mexican peso terms and 14.7% at constant exchange rates. Comprehensive financing costs were down 9.9% on lower net interests expenses. Together these items resulted in a 25.1% increase in our net income, which amounted to 23.4 billion Mexican pesos.
 
 
•
Our cash flow covered 21.6 billion pesos in capital expenditures, 1.4 billion pesos in share buybacks and 1.5 billion pesos in labor obligations and brought about a reduction in our net debt of 1.0 billion pesos in cash flow terms.

 
•
At the end of March our net debt (excluding leases) stood at 437 billion pesos and was equivalent to 1.41 times Net Debt/LTM EBITDA.
Content
    
   
 
Highlights
  

 
Relevant
    
events
    
     
Subscribers
  

   
América
  
Móvil
    
Consolidated
    
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
    
     
Ecuador
   

   
Argentina
    

   
Southern
   
Cone
    



Central
    
America
    
and The
    
Caribbean
   

   
Austria and
   
Eastern
   
Europe
    



Currency

Exchange

Rates




Appendix




Glossary

 
We will host our conference call to discuss 1Q26 financial and operating results on April 22 at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

 
América Móvil Fundamentals
    
   
1Q26
1Q25
 
Earnings per Share (Mex$) (1)
0.39
0.31
 
Earning per ADR (US$) (2)
0.44
0.30
 
EBITDA per Share (Mex$) (3)
1.57
1.50
 
EBITDA per ADR (US$)
1.79
1.46
 
Net Income (millions of Mex$)
23,401
18,703
 
Average Shares Outstanding (billion)
60.2
60.9
 
Shares Outstanding End of Period (billion)
60.2
60.7
(1) Net Income / Average Shares Outstanding
(2) 20 shares per ADR
(3) EBITDA / Average Shares Outstanding

 
América Móvil’s Subsidiaries as of March 2026
 
Country
Brand
Main Activity
Equity
 
Mexico
Telcel
wireless
100.0%
 
Telmex
wireline
100.0%
 
Argentina
Claro
wireless/wireline
100.0%
 
Austria
A1
wireless/wireline
61.0%
 
EuroTeleSites
towers
57.0%
 
Brazil
Claro
wireless/wireline
99.6%
 
Chile
Claro
wireless/wireline
100.0%
 
Colombia
Claro
wireless/wireline
99.4%
 
Costa Rica
Claro
wireless/wireline
100.0%
 
The Dominican Republic
Claro
wireless/wireline
100.0%
 
Ecuador
Claro
wireless/wireline
100.0%
 
El Salvador
Claro
wireless/wireline
97.9%
 
Guatemala
Claro
wireless/wireline
99.3%
 
Honduras
Claro
wireless/wireline
100.0%
 
Nicaragua
Claro
wireless/wireline
99.6%
 
Paraguay
Claro
wireless/wireline
100.0%
 
Peru
Claro
wireless/wireline
100.0%
 
Puerto Rico
Claro
wireless/wireline
100.0%
 
Uruguay
Claro
wireless
100.0%
Content
    

   
Highlights
    

 
Relevant
events
  
     
Subscribers
  

   
América
  
Móvil
    
Consolidated
    
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    



Relevant Events
 
Annual shareholders’ meeting proposals
On March 17, 2026 we announced that our Board of Directors will submit for approval at our Annual Shareholders’ meeting the following proposals: 1) the payment of an ordinary dividend of MXP$0.54 per share, payable in two equal installments; and 2) the allocation of an additional 10 billion pesos to the share-buyback fund for the April 2026 - April 2027 period.
 
Acquisition of Desktop in Brazil
On March 22, 2026 we announced an agreement to acquire approximately 73% of the capital stock of Desktop, S.A. Completion of the transaction is subject to regulatory approvals from the Administrative Council for Economic Defense (CADE) and the National Telecommunications Agency (ANATEL) and customary closing conditions.

Access Lines
 
3.1M postpaid net adds 
In the first quarter we added 3.1 million postpaid subscribers with Brazil leading the way with 1.3 million clients. Colombia followed with 258 thousand, Peru with 191 thousand, Argentina with 134 thousand and Mexico with 91 thousand subscribers. In the prepaid segment we registered 90 thousand net prepaid losses as Mexico, Chile and the Eastern Europe block disconnected subscribers.
 
594k new broadband accesses
In the fixed-line segment we connected 594 thousand new broadband accesses. Mexico was the main contributor with 175 thousand clients, followed by Brazil with 115 thousand and Colombia with 76 thousand. As regards PayTV we added 72 thousand units with most of them coming from Eastern Europe and Central America.

At the end of March we had 414 million access lines, of which 334 million were wireless subscribers—146 million postpaid clients—and 80 million were fixed-line RGUs: 37 million broadband accesses, 14 million Pay TV units and 29 million landlines.
 
Postpaid base +8.8% YoY and broadband accesses +6.0% YoY
Mobile postpaid and fixed-broadband accesses were the main drivers of growth for our client base, increasing by 8.8% and 6.0%, respectively, vis-a-vis the year-earlier quarter.
Content
    

   
Highlights
    

 
Relevant
events
  

 
Subscribers
  

   
América
  
Móvil
    
Consolidated
    
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    



 
Wireless subscribers as of March 2026
 
Total(1) (Thousands)
 
Country
Mar ’26
Dec ’25
Var.%
Mar ’25
Var.%
 
Argentina
27,727
27,379
1.3%
26,294
5.4%
 
Austria & Eastern Europe(2)
31,036
30,179
2.8%
27,588
12.5%
 
Brazil
90,824
89,525
1.5%
87,587
3.7%
 
Central America & The Caribbean
26,066
25,683
1.5%
25,594
1.8%
 
Colombia
43,185
42,678
1.2%
41,258
4.7%
 
Ecuador
9,615
9,651
-0.4%
9,949
-3.4%
 
Mexico
84,285
84,676
-0.5%
83,925
0.4%
 
Peru
13,221
13,066
1.2%
12,795
3.3%
 
Southern Cone(3)
8,538
8,647
-1.3%
9,212
-7.3%
 
Total Wireless Lines
334,496
331,485
0.9%
324,202
3.2%
(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.
(2) Includes A1 Digital M2M subscribers.
(3) Includes Chile, Paraguay and Uruguay.
Note: We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes.

 
Fixed-Line and Other Accesses (RGUs) as of March 2026
 
Total(1) (Thousands)
 
Country
Mar ’26
Dec ’25
Var.%
Mar ’25
Var.%
 
Argentina
4,250
4,106
3.5%
3,754
13.2%
 
Austria & Eastern Europe
6,498
6,460
0.6%
6,379
1.9%
 
Brazil
21,857
21,902
-0.2%
22,265
-1.8%
 
Central America & The Caribbean
8,526
8,380
1.7%
7,962
7.1%
 
Colombia
9,706
9,646
0.6%
9,617
0.9%
 
Ecuador
809
771
4.9%
620
30.4%
 
Mexico
22,820
22,694
0.6%
22,090
3.3%
 
Peru
2,053
1,985
3.5%
1,907
7.7%
 
Southern Cone(2)
3,133
3,168
-1.1%
3,343
-6.3%
 
Total UGIs
79,653
79,112
0.7%
77,937
2.2%
(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 Chile, Paraguay and Uruguay.
Note: We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
  

   
América
  
Móvil
    
Consolidated
    
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    



 
Broadband accesses as of March 2026
 
Total(1) (Thousands)
 
Country
Mar ’26
Dec ’25
Var.%
Mar ’25
Var.%
 
Argentina
1,781
1,722
3.4%
1,563
13.9%
 
Austria & Eastern Europe
2,902
2,884
0.6%
2,816
3.1%
 
Brazil
10,757
10,642
1.1%
10,378
3.7%
 
Central America & The Caribbean
2,918
2,845
2.5%
2,631
10.9%
 
Colombia
3,630
3,555
2.1%
3,439
5.6%
 
Ecuador
441
424
4.1%
362
22.0%
 
Mexico
12,175
12,001
1.5%
11,374
7.0%
 
Peru
1,143
1,084
5.4%
1,030
10.9%
 
Southern Cone(2)
1,556
1,552
0.3%
1,585
-1.9%
 
Total UGIs
37,303
36,709
1.6%
35,177
6.0%
 

(1) Includes total accesses of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.
(2) Includes Chile, Paraguay and Uruguay.
Note: We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
  

   
América
  
Móvil
    
Consolidated
    
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    



América Móvil Consolidated Results
 
The downward trend on short term dollar interest rates following the 25-basis points rate reduction of the policy rate by the Fed in December continued in the beginning of the first quarter, as the market became increasingly concerned with a potential slowdown in economic activity in the U.S. The value of the dollar vs. other currencies, including those in our region of operations, declined throughout the first part of the quarter, with the dollar falling 4.3% vs. the Mexican peso, 3.0% vs. the Chilean peso and 6.4% vs. the Brazilian real by the end of February. With the major exception of the latter, the U.S. dollar made up practically all its losses in the weeks after the initiation of the war with Iran. Throughout the period the differential between short term rates and 10-year rates widened significantly, from 8 basis points to 64 basis points at the close of the quarter, with investors eyeing both a slowdown in the pace of economic activity—possibly even a recession—and higher inflation rates.
 
First quarter revenue was up 2.1% in Mexican peso terms to 236.8 billion pesos, with service revenue up 0.6%, equipment revenue 7.4% and other revenue 107.9%—including the proceeds of a favorable ruling in Chile on account of a dispute around certain TV rights. EBITDA increased at nearly twice the pace as revenue, 3.8%. The figures cited above reflect the appreciation of the Mexican peso vs. practically all other currencies in our region of operations, having gained 16.3% vs. the U.S. dollar, 4.6% vs. the euro, 4.5% vs. the Brazilian real and 2.5% vs. the Colombian peso with respect to the same period of 2025.
 
At constant exchange rates revenue rose 6.1% on the back of a 4.6% increase in service revenue and 11.3% in equipment revenue, driving an 8.0% expansion in EBITDA. Adjusted for the extraordinary proceeds of the legal ruling, EBITDA was up 7.0%. The greater operating leverage is allowing for faster EBITDA growth—with EBITDA now expanding more rapidly than service revenue—and led our consolidated EBITDA margin to reach 40%, one of our highest margins.
 
At 6.4% year-on-year, a similar pace to the one observed over the last several quarters, mobile service-revenue growth has remained resilient, with postpaid revenue growth at 7.3%, and prepaid revenue at 5.0%, having expanded faster quarter after quarter over the last year. Mobile service revenue growth has been on an upward trend in Mexico and Colombia, on the back of a surge in prepaid revenue.
 
On the fixed-line platform service-revenue growth was up 1.7% in the first quarter, with very rapid growth in Eastern Europe, Central America, Peru and Ecuador.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
  
Consolidated
  
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    




Our operating profit came in at 50.5 billion pesos and was up 12.7% in Mexican peso terms, while our comprehensive financing costs declined 9.9% reflecting lower net interest expenses. These concepts brought about a 25.1% increase in our net income, to 23.4 billion pesos. It was equivalent to 39 peso cents per share and 44 dollar cents per ADR.
 
Our financial debt reached 527.5 billion pesos at the end of March, having increased by 2.6 billion pesos vs. the one outstanding at the close of December. Our net debt for the period stood at 437.0 billion pesos and was equivalent to 1.41x EBITDAaL.
 
Our cash flow in the first quarter allowed us to cover 21.6 billion pesos in capital expenditures; 1.4 billion pesos in share buybacks; 1.5 billion pesos in labor obligations and to reduce our net debt by 1.0 billion pesos.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
  
Consolidated
  
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
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
      
   
1Q26
1Q25
Var.%
 
Service Revenue
200,392
199,143
0.6%
 
Equipment Revenue
34,106
31,767
7.4%
 
Other Revenue
2,346
1,128
107.9%
 
Total Revenue
236,844
232,038
2.1%
 
Cost of Service
58,922
59,657
-1.2%
 
Cost of Equipment
29,609
27,864
6.3%
 
Selling, General & Administrative Expenses
52,090
51,938
0.3%
 
Others
1,719
1,531
12.3%
 
Total Costs and Expenses
142,339
140,990
1.0%
         
 
EBITDA
94,504
91,048
3.8%
 
% of Total Revenue
39.9%
39.2%
  
         
 
Depreciation & Amortization
43,985
46,234
-4.9%
 
EBIT
50,519
44,814
12.7%
 
% of Total Revenue
21.3%
19.3%
  
         
 
Net Interest Expenses
11,853
12,711
-6.7%
 
Other Financial Expenses
5,290
-450
n.m.
 
Foreign Exchange Loss
-5,037
1,179
n.m.
 
Comprehensive Financing Cost (Income)
12,105
13,440
-9.9%
 
Income & Deferred Taxes
13,789
11,687
18.0%
 
Net Income before Minority
Interest and Equity Participation in
Results of Affiliates
 
24,624
 
19,687
 
25.1%
 
Equity Participation in Results of Affiliates
45
27
68.9%
 
Minority Interest
-1,268
-1,011
-25.5%
 
Net Income
23,401
18,703
25.1%
Note: The reported figures for Argentina corresponding to the first quarter of 2026 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.
We have modified our reporting methodology for Fixed Wireless Access (FWA) devices, which are now classified under mobile service rather than fixed-line service. This ensures consistency across all operations, as some regions—including Colombia and Central America—previously reported FWA under broadband. Figures for 2025 and 2026 have been adjusted to reflect these changes.
n.m. Not meaningful.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
  
Consolidated
  
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    





 
Balance Sheet - América Móvil Consolidated
Millions of Mexican Pesos
   
Mar '26
Dec '25
Var.%
    
Mar '26
Dec '25
Var.%
 
Current Assets
        
Current
Liabilities
      
 
Cash, Marketable
Securities
& Other
Short Term
Investments(1)
 
 
90,495
 
 
77,384
 
 
16.9%
  
 
Short Term
Debt(2)
 
 
105,323
 
 
91,973
 
 
14.5%
 
Accounts
Receivable
240,354
243,798
-1.4%
  
Lease-Related
Debt
37,999
35,867
5.9%
 
Other Current
Assets
26,103
15,631
67.0%
  
Accounts
Payable
140,403
155,251
-9.6%
 
Inventories
27,034
28,307
-4.5%
  
Other Current
Liabilities
249,402
212,101
17.6%
   
383,986
365,120
5.2%
    
533,126
495,191
7.7%
                   
 
Non Current
Assets
        
Non Current
Liabilities
      
 
Plant &
Equipment,
gross
1,559,913
1,491,910
4.6%
  
Long Term Debt
422,197
432,934
-2.5%
 
-Depreciation
866,172
804,647
7.6%
  
Lease-Related
Debt
179,907
178,242
0.9%
 
Plant &
Equipment, net
693,741
687,263
0.9%
  
Other Liabilities
272,831
265,576
2.7%
 
Rights of Use
201,367
197,544
1.9%
    
874,935
876,752
-0.2%
 
Investments
in Affiliates
and Other
Investments
 
22,770
 
22,406
 
1.6%
          
                   
 
Deferred Assets
                
 
Goodwill (Net)
158,400
157,453
0.6%
          
 
Intangible Assets
141,826
139,249
1.9%
  
Shareholder's
Equity
436,257
427,672
2.0%
 
Deferred Assets
242,229
230,580
5.1%
          
                   
 
Total Assets
1,844,318
1,799,616
2.5%
  
Total Liabilities
and Equity
1,844,318
1,799,616
2.5%
(1) Includes Verizon stock, deemed to be available for sale. 
(2) Includes current portion of Long Term Debt. 
Note: The reported figures for Argentina corresponding to the first quarter of 2026 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
  
Consolidated
  
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    





 
América Móvil’s Free Cash Flow
Millions of Mexican pesos
    
   
Jan-Mar 26
Jan-Mar 25
 
EBITDA
94,504
91,048
       
 
EBITDAaL(1)
76,808
75,092
 
Minus
    
 
Net Interest Payments
9,587
9,962
 
Income Taxes
11,979
13,224
 
Increase in Working Capital
30,351
27,641
 
Funds from Operations
24,891
24,266
 
Capital Expenditures
21,624
24,675
 
Free Cash Flow
3,267
(410)
       
 
Uses of Free Cash Flow
    
 
Shareholder Distributions
698
2,981
 
-Dividends
(681)
(802)
 
-Dividends Paid
8
1
 
-Dividends Income
(689)
(803)
 
-Share Buybacks
1,379
3,783
 
Equity Investments
24
559
 
Labor Obligations
1,541
6,978
 
Reduction of our Net Debt
1,004
(10,927)
   
3,267
(410)
 
((1) After leases and adjusting for non-cash items.
Note: The reconcilation of this table (not an IFRS measure) to net cash flows provided by operating activities (an IFRS measure) can be seen in the Appendix.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
  
Consolidated
  
     
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    




Mexico
 
91k postpaid net adds 
We registered net gains of 91 thousand postpaid subscribers during the quarter and disconnected 482 thousand prepaid subs in the context of the process of the clients registration mandated by the Digital Transformation Agency initiated in January and is to be completed in July. Telcel ended the quarter with 84.3 million wireless subscribers, up 0.4% year on year.
 
175k new broadband accesses 
In the fixed-line segment, we added 175 thousand new broadband accesses. As part of its commitment to improving customer experience, Telmex increased the speeds of all its commercial plans by approximately one third. More than 90% of Telmex customers are now connected through fiber, a modern and high-speed network, and we have also made significant efforts to improve customer service. At the end of March, we were serving 22.8 million fixed-line RGUs.
 
Mobile service revenue +5.7% YoY, best performance in two years 
Total revenue for the quarter increased 5.1% year-on year, with service revenue expanding 3.5%. On the mobile platform service revenue rose 5.7%, its strongest performance in two years. Revenue growth accelerated in both the prepaid and postpaid segments with prepaid revenue up 4.6% and postpaid revenue rising 7.1%. This performance allowed us to register a 5.3% increase in Telcel’s ARPU. As regards fixed-line service revenue, it was down 0.8%, as a result of a non-recurring revenue recorded in the first quarter of last year associated with an IT project.
 
EBITDA +6.0% YoY
EBITDA for the period climbed 6.0% year-on-year on solid revenue growth and strict cost control. The EBITDA margin for the quarter stood at 42.3%, an increase of 40 basis points compared to a year earlier. It was the highest in nearly two years.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
  
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    




 
INCOME STATEMENT - Mexico Millions of MxP
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
86,307
82,107
5.1%
 
Total Service Revenue
69,692
67,345
3.5%
 
Wireless Revenue
62,977
58,792
7.1%
 
Service Revenue
47,286
44,754
5.7%
 
Equipment Revenue
15,691
14,038
11.8%
 
Fixed Line Revenue(2)
22,480
22,674
-0.9%
 
Other Revenue
850
642
32.5%
 
EBITDA
36,484
34,409
6.0%
 
% total revenue
42.3%
41.9%
  
 
EBIT
27,880
25,896
7.7%
 
% total revenue
32.3%
31.5%
  
 
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.
(2) Includes equipment revenue.

 
Mexico Operating Data
      
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
84,285
83,925
0.4%
 
Postpaid
16,009
15,583
2.7%
 
Prepaid
68,275
68,341
-0.1%
 
ARPU (MxP)
187
178
5.3%
 
Churn (%)
3.0%
3.3%
(0.2)
 
Revenue Generating Units (RGUs)
22,820
22,090
3.3%
 
Fixed Lines
10,644
10,716
-0.7%
 
Broadband
12,175
11,374
7.0%
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
  
     
Brazil
    

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    


 

Brazil
 
1.3M wireless net adds 
Wireless net additions totaled 1.3 million subscribers, almost entirely postpaid, bringing the base to 90.8 million subscribers at the end of March, a 3.7% year-on-year increase. We have been the market leaders in both prepaid and postpaid net additions through February and are also the leader in number portability. In the fixed-line segment we added 115 thousand new broadband accesses but recorded disconnections in landlines and PayTV units, resulting in net disconnections of 45 thousand fixed-line RGUs.
 
Mobile service revenue +7.8% YoY 
First-quarter revenue reached 13.3 billion reais, up 6.8% year on year, with service revenue growth accelerating to 5.6% from 5.1% in the prior quarter. Mobile service revenue growth accelerated both in prepaid and postpaid to 7.8%, compared to 7.6% in the preceding quarter, with Claro continued to benefit from customer migration from prepaid to postpaid, reaching a 4.6% increase in ARPU. Fixed-line service revenue also accelerated to 2.6%, representing the fastest pace of the past four quarters. Claro is focused on strengthening its leadership in Brazil by expanding fixed broadband—especially ultra high speed services—enhancing its leadership in Pay TV through the broadest and most integrated content offering, and accelerating growth in convergent fixed-mobile bundles to improve customer experience, increase retention, and drive revenue growth.
EBITDA +6.7% YoY 
EBITDA for the quarter increased 6.7% year-on-year, reflecting strong service revenue growth and continued cost containment efforts. The EBITDA margin for the period stood at 44.0% of revenue.
 
Desktop acquisition will strengthen Claro’s presence 
On March 22, we announced the execution of an agreement to acquire a 73.01% stake in Desktop S.A. The transaction is subject to regulatory approval from the Administrative Council for Economic Defense (CADE) and the National Telecommunications Agency (ANATEL), as well as the completion of a mandatory tender offer to the remaining shareholders, ensuring tag-along rights at the same price per share paid for the controlling stake. This acquisition will strengthen Claro’s presence in the state of São Paulo, as Desktop represents a strong complement to our existing network and will allow us to further enhance the customer experience.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
   
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    





 
INCOME STATEMENT - Brazil Millions of BrL
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
13,304
12,460
6.8%
 
Total Service Revenue
12,529
11,865
5.6%
 
Wireless Revenue
8,044
7,356
9.3%
 
Service Revenue
7,312
6,782
7.8%
 
Equipment Revenue
732
574
27.4%
 
Fixed Line Revenue(2)
5,224
5,082
2.8%
 
EBITDA
5,857
5,491
6.7%
 
% total revenue
44.0%
44.1%
  
 
EBIT
2,656
2,326
14.2%
 
% total revenue
20.0%
18.7%
  
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercomp any  transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.

 
Brazil Operating Data
      
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
90,824
87,587
3.7%
 
Postpaid
59,668
54,883
8.7%
 
Prepaid
31,156
32,704
-4.7%
 
ARPU (BrL)
27
26
4.6%
 
Churn (%)
2.1%
2.4%
(0.2)
 
Revenue Generating Units (RGUs)(1)
21,857
22,265
-1.8%
 
Fixed Lines
6,579
7,254
-9.3%
 
Broadband
10,757
10,378
3.7%
 
PayTV
4,521
4,634
-2.4%
(1) Fixed Line, Broadband and Television.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 

Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
   
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    





Colombia
 
507k wireless net adds
We gained 507 thousand mobile subscribers in the first quarter just over half of which were postpaid customers. Our wireless base surpassed 43 million subscribers at the end of March, representing a 4.7% increase year-on-year. On the fixed-line platform we added 76 thousand broadband accesses but disconnected 11 thousand landlines and five thousand PayTV units.
 
Mobile service revenue +10.2% YoY; fastest in years
Revenue totaled 4.3 trillion Colombian pesos; it was up 5.9% year-on-year, with service revenue growth accelerating from 5.4% in the fourth quarter of last year to 7.4% in the current quarter. Mobile service revenue rose 10.2%, its strongest performance in ten years, supported by solid results both in postpaid and prepaid. Fixed-line service revenue increased 3.2%, up from 2.2% in the preceding quarter.

EBITDA +11.6% YoY
EBITDA expanded 11.6% year-on-year on the back of rapid service revenue growth. The EBITDA margin for the period reached 41.6% of revenue, 2.1 percentage points higher than a year earlier.
 
Our focus on delivering best-in-class 5G and fiber-to-the-home networks has been reflected in our strong results in number portability and the notable acceleration in fixed broadband net additions.


 
INCOME STATEMENT - Colombia Billions of COP
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
4,253
4,015
5.9%
 
Total Service Revenue
3,278
3,051
7.4%
 
Wireless Revenue
2,931
2,721
7.7%
 
Service Revenue
2,026
1,838
10.2%
 
Equipment Revenue
905
883
2.5%
 
Fixed Line Revenue(2)
1,280
1,260
1.5%
 
EBITDA
1,771
1,587
11.6%
 
% total revenue
41.6%
39.5%
  
 
EBIT
839
684
22.6%
 
% total revenue
19.7%
17.0%
  
 
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 


 
Colombia Operating Data
      
 
 
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)(1)
43,185
41,258
4.7%
 
Postpaid
12,020
11,033
9.0%
 
Prepaid
31,164
30,225
3.1%
 
ARPU (COP)
15,821
14,990
5.5%
 
Churn (%)
2.3%
3.0%
(0.6)
 
Revenue Generating Units (RGUs)(2)
9,706
9,617
0.9%
 
(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
  
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 
 



Peru
 
191k postpaid net adds
We added 191 thousand postpaid clients but disconnected 37 thousand prepaid users, resulting in net additions of 155 thousand subscribers in the period. At the end of March we had 13.2 million wireless subscribers, 3.3% more than a year earlier. On the fixed-line platform we added 69 thousand RGUs—including 58 thousand broadband accesses—and reached 2.1 million fixed-line RGUs, 7.7% more than a year before.

Mobile service revenue +4.1% YoY
Revenue expanded 7.2% year on year to 1.8 billion soles, with service revenue growth accelerating to 4.8% from 4.0% in the prior quarter. In the mobile segment, revenue increased 4.1%, supported by postpaid growth of 5.9%, helped along by its 5G offerings.
Fixed-line service revenue +7.2% YoY
Fixed-line service revenue delivered a strong performance, rising 7.2%, up from 3.4% in the prior quarter.
 
EBITDA +8.0% YoY
EBITDA for the quarter increased 8.0% year-on-year and reached 709 million soles. The EBITDA margin stood at 40.0%.

 
INCOME STATEMENT - Peru Millions of Soles
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
1,774
1,655
7.2%
 
Total Service Revenue
1,388
1,324
4.8%
 
Wireless Revenue
1,426
1,330
7.2%
 
Service Revenue
1,051
1,010
4.1%
 
Equipment Revenue
375
320
17.2%
 
Fixed Line Revenue(2)
337
314
7.2%
 
EBITDA
709
657
8.0%
 
% total revenue
40.0%
39.7%
  
 
EBIT
381
332
14.9%
 
% total revenue
21.5%
20.0%
  
 
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 


 
Peru Operating Data
      
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
13,221
12,795
3.3%
 
Postpaid
7,221
6,556
10.2%
 
Prepaid
5,999
6,239
-3.8%
 
ARPU (Sol)
27
26
1.0%
 
Churn (%)
3.7%
4.1%
(0.4)
 
Revenue Generating Units (RGUs)(1)
2,053
1,907
7.7%
 
(1) Fixed Line, Broadband and Television.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 
 

 
Ecuador
 
Fixed-line RGUs +30.4% YoY
We conducted a clean up of our prepaid base during the quarter resulting in net disconnections of 54 thousand subscribers, while the postpaid segment recorded net additions of 18 thousand subscribers. At end of the quarter our wireless subscriber base totaled 9.6 million subscribers. Efforts to expand our fiber footprint allowed Claro to connect 38 thousand new fixed-line RGUs, reaching a total of 809 thousand accesses at the close of March; this represented 30.4% increase.
 
Fixed-line service revenue +13.2% YoY
The first quarter figures reflect a stabilization of economic activity in the country. Revenue increased 2.2% year-on-year to 260 million dollars, while service revenue increased 2.1%, compared with a decline of 1.7% in the previous quarter. The main driver of growth was fixed-line service revenue, up 13.2%.
 
Mobile service revenue growth recovered to 0.6%, from -3.0% in the fourth quarter of 2025, driven by a marked turnaround in prepaid revenue, which increased 0.8% after declining 7.3% in the prior quarter. Postpaid revenue also showed signs of improvement, rising 0.5% year-on-year.
 
EBITDA +5.6% YoY
EBITDA came in at 131 million dollars, a 5.6% increase year-on-year. The EBITDA margin stood at 50.4% and was up 1.6 percentage points over the year-earlier quarter.


 
INCOME STATEMENT - Ecuador Millions of USD
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
260
254
2.2%
 
Total Service Revenue
228
223
2.1%
 
Wireless Revenue
229
226
1.3%
 
Service Revenue
198
196
0.6%
 
Equipment Revenue
31
29
6.3%
 
Fixed Line Revenue(2)
31
28
12.9%
 
EBITDA
131
124
5.6%
 
% total revenue
50.4%
48.7%
  
 
EBIT
80
68
16.5%
 
% total revenue
30.6%
26.8%
  
 
(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
    
     
Peru
   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 


 
Ecuador Operating Data
      
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
9,615
9,949
-3.4%
 
Postpaid
2,357
2,297
2.6%
 
Prepaid
7,258
7,652
-5.1%
 
ARPU (USD)
7
7
3.8%
 
Churn (%)
5.6%
3.8%
1.7
 
Revenue Generating Units (RGUs)(1)
809
620
30.4%
 
(1) Fixed Line, Broadband and Television.
 
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
    

   
Colombia
    
     
Peru
   
Ecuador
   
     
Argentina
   

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 


Argentina
 
All comments for Argentina related to annual variations of the presented period refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29.

347k wireless net adds & 59k new broadband accesses
We added 347 thousand wireless subscribers in the first quarter including 134 thousand new postpaid customers. At the end of March our wireless base comprised 27.7 million subscribers, up 5.4% year-on-year. Fixed-line net additions totaled 144 thousand RGUs, including 59 thousand new broadband accesses and 26 thousand PayTV units, and enabled us to close March with 4.3 million fixed-line RGUs.
 
Postpaid revenue +10.6% YoY in after-inflation terms
First quarter revenue increased 6.9% year-on-year in inflation adjusted terms, with service revenue up 7.6%. Mobile service revenue rose 9.6%, supported by an acceleration in postpaid revenue growth from 8.3% in the prior quarter to 10.6% in the current period. Claro has been expanding the deployment of its 5G coverage to offer customers the best quality and speeds in the Argentine market.

Fixed-line service revenue declined 0.5% as Claro’s position in the fixed-line market has become more challenging because of the difficulties in accessing clients in the Buenos Aires metropolitan area.

EBITDA +15.4% YoY
We have made extraordinary efforts to control costs and managed to increase our EBITDA by 15.4%. The EBITDA margin for the period improved to 40.1%, up from 37.1% a year earlier.
 
 
INCOME STATEMENT - Argentina Millions of Constant ARS as of March 2026
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
907,675
849,225
6.9%
 
Total Service Revenue
814,000
756,369
7.6%
 
Wireless Revenue
757,918
698,664
8.5%
 
Service Revenue
665,002
606,559
9.6%
 
Equipment Revenue
92,916
92,105
0.9%
 
Fixed Line Revenue(2)
148,998
149,810
-0.5%
 
EBITDA
363,565
315,147
15.4%
 
% total revenue
40.1%
37.1%
  
 
EBIT
321,448
281,296
14.3%
 
% total revenue
35.4%
33.1%
  
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
 

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 
 


 
Argentina Operating Data
      
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
27,727
26,294
5.4%
 
Postpaid
10,293
9,804
5.0%
 
Prepaid
17,434
16,491
5.7%
 
ARPU (ARS)
7,848
5,721
37.2%
 
Churn (%)
1.1%
1.1%
0.0
 
Revenue Generating Units (RGUs)(1)
4,250
3,754
13.2%
 
(1) Fixed Line, Broadband and Television.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
 

   
Southern

Cone


   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    

 

Southern Cone
 
92k postpaid net adds
We registered 109 thousand net mobile disconnections during the quarter, with mixed results across segments. In the postpaid segment we recorded net additions of 92 thousand subscribers, whereas prepaid subscribers declined by a net 201 thousand. The combined mobile subscriber base closed March at 8.5 million subscribers and the fixed-line base at 3.1 million RGUs.
 
Service revenue +6.2% YoY
Total revenue for the block reached 394.2 billion Chilean pesos, representing a 25.0% year on year increase. This figure includes 43 billion Chilean pesos from a settlement of a dispute regarding TV rights. Service revenue increased 6.2%, with all countries in the block accelerating their pace of growth.
  
Mobile service revenue +15.0% YoY
Mobile service revenue increased 15.0%, with postpaid and prepaid growing at similar rates. On the fixed-line platform service revenue declined 0.7% year on year.
  
EBITDA margin at 21.3% of revenue
Combined EBITDA reached CLP 118 billion, reflecting the impact of extraordinary income resulting from a favorable litigation outcome in Chile. EBITDA expanded 23.2%, adjusting for this effect, with the EBITDA margin for the period increasing 21.3%, 2.0 percentage points higher than in the prior year.

 
INCOME STATEMENT - Southern Cone Millions of Chilean Pesos
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
394,186
315,348
25.0%
 
Total Service Revenue
294,463
277,232
6.2%
 
EBITDA
117,692
60,678
94.0%
 
% total revenue
29.9%
19.2%
  
 
EBIT
-13,287
-87,551
84.8%
 
% total revenue
-3.4%
-27.8%
  
 
(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 and equipment revenue.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern
Cone

   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 


 
Southern Cone Operating Data
      
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
8,538
9,212
-7.3%
 
Postpaid
5,232
4,827
8.4%
 
Prepaid
3,306
4,385
-24.6%
 
ARPU (CLP)
5,487
4,436
23.7%
 
Churn (%)
6.1%
5.4%
0.7
 
Revenue Generating Units (RGUs)(1)
3,133
3,343
-6.3%
 
(1) Fixed Line, Broadband and Television.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern
Cone

   
Central
   
America
    
and The
   
Caribbean
    

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    
 


Central America and The Caribbean
 
129k postpaid net adds
We registered 383 thousand net additions in the Central America and Caribbean block in the first quarter, including 129 thousand postpaid gains, to finish March with 26.1 million wireless subscribers, a 1.8% increase year-on-year. In the fixed-line segment we connected 147 thousand fixed-line RGUs of which 72 thousand were broadband accesses. We ended the quarter with 8.5 million fixed-line RGUs, up 7.1% more than a year earlier.
 
Service revenue +6.4% YoY
Revenue for the block increased 6.3% year-on-year to 1.3 billion dollars. Service revenue rose 6.4%, slightly faster than the 6.1% pace observed the preceding quarter. Mobile service revenue increased 8.4%, compared with 7.7% in the fourth quarter of 2025, while fixed-line service revenue was up 2.9% year-on-year.
 
EBITDA +9.3% YoY
EBITDA increased 9.3% to 548 million dollars, with the EBITDA margin reaching 43.8%, 1.2 percentage points higher than a year earlier.
 
 
INCOME STATEMENT - Central America and The Carribean Millions of Dollars
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
1,250
1,176
6.3%
 
Total Service Revenue
1,110
1,043
6.4%
 
Wireless Revenue
865
802
7.8%
 
Service Revenue
729
672
8.4%
 
Equipment Revenue
136
130
5.0%
 
Fixed Line Revenue(2)
385
373
3.1%
 
EBITDA
548
501
9.3%
 
% total revenue
43.8%
42.6%
  
 
EBIT
276
251
10.0%
 
% total revenue
22.1%
21.3%
  
 
(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.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone
 

   
Central
 
America
  
and The
 
Caribbean
  

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    

 



 
Central America and The Caribbean Operating Data
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
26,066
25,594
1.8%
 
Postpaid
5,915
5,429
9.0%
 
Prepaid
20,151
20,165
-0.1%
 
ARPU (USD)
9
9
6.7%
 
Churn (%)
4.3%
4.6%
(0.4)
 
Revenue Generating Units (RGUs)(1)
8,526
7,962
7.1%
 
(1) Fixed Line, Broadband and Television.
Content
    

   
Highlights
    

 
Relevant
    
events
    

 
Subscribers
    

   
América
  
Móvil
    
Consolidated
    
   
Mexico
    
     
Brazil
  

   
Colombia
    
     
Peru
   

   
Ecuador
   
     
Argentina
   

   
Southern

Cone
 

   
Central
     
America
  
and The
 
Caribbean
  

   
Austria and
   
Eastern
   
Europe
    
     
Currency
    
Exchange
    
Rates
    
     
Appendix
    
     
Glossary
    

 


Austria and Eastern Europe

107k postpaid net adds
Mobile net additions totaled 857 thousand subscribers during the quarter. We added 938 thousand postpaid subscribers—including 831 thousand machine-to-machine units—partially offset by prepaid disconnections of 82 thousand subscribers. The mobile base stood at 31.0 million subscribers at the end of the period, having increased 12.5% year-on-year. In addition, we connected 18 thousand broadband accesses and 43 thousand PayTV units, bringing the total fixed-line base to 6.5 million RGUs.
 
Mobile service revenue +2.9% YoY
Revenue was up 3.9% year-on-year to 1.4 billion euros, with service revenue rising 3.2%, up from 1.7% in the prior quarter, buoyed by the ICT business and solid performance in the retail mobile segment. Mobile service revenue growth accelerated from 2.0% to 2.9%, driven by improving trends in both Austria and Eastern Europe.
Fixed-line service revenue +3.4% YoY
Fixed-line service revenue also accelerated with its growth rate more than doubling versus the prior quarter, to 3.4%. This improvement stemmed from Eastern Europe, which recorded strong fixed-line additions.
EBITDA +4.8% YoY
EBITDA for the quarter increased 4.8% to 501 million euros, resulting in a 36.7% EBITDA margin.

 
INCOME STATEMENT - Austria and Eastern Europe Millions of Euros
   
1Q26
1Q25
Var.%
 
Total Revenue(1)
1,366
1,314
3.9%
 
Total Service Revenue
1,143
1,108
3.2%
 
Wireless Revenue
806
777
3.7%
 
Service Revenue
633
615
2.9%
 
Equipment Revenue
173
162
6.5%
 
Fixed Line Revenue(2)
540
519
4.1%
 
EBITDA
501
478
4.8%
 
% total revenue
36.7%
36.4%
  
 
EBIT
199
184
8.3%
 
% total revenue
14.6%
14.0%
  
 
For further detail please visit www.a1.group/en/investor-relations
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.
(2) Includes equipment revenue.
Content
    
     
Highlights
    
     
Relevant    
 events
    
     
Subscribers
   
     
América
    
Móvil
    
Consolidated
    

   
Mexico 
   
     
Brazil    
     
Colombia    

   
Peru    
     
Ecuador    
     
Argentina    
     
   Southern
    
Cone
    

   
Central    
America    
  and The
    
Caribbean    

   
Austria and
Eastern
Europe
 

   
Currency    
 Exchange
    
Rates
    

   
Appendix
   
     
Glossary    



 
Austria and Eastern Europe Operating Data
   
1Q26
1Q25
Var.%
 
Wireless Subscribers (thousands)
31,036
27,588
12.5%
 
Postpaid
27,556
24,022
14.7%
 
Prepaid
3,480
3,566
-2.4%
 
A1 Digital Subscribers (thousands)
10,346
7,366
40.5%
 
ARPU (Euros)
7
7
-8.0%
 
Churn (%)
0.9%
1.2%
-0.3
 
Revenue Generating Units (RGUs)(1)
6,498
6,379
1.9%
 
(1) Fixed Line, Broadband and Television.
Content
 
 
 
 
 
Highlights
 
 
 
 
 
Relevant
 
 
 events
 
 
 
 
 
Subscribers
 
 
 
 
 
América
 
 
Móvil
 
 
Consolidated
 
 
 
 
 
Mexico 
 
 
 
 
 
Brazil
 
 
 
 
 
Colombia
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
Central
 
 
America
 
 
  and The
 
 
Caribbean
 
 
 
 
 
Austria and
Eastern
Europe
 
 
 
 
Currency
 
 
 Exchange
 
 
Rates
 
 
 
 
 
Appendix
 
 
 
 
 
Glossary
 
 
 


 
Exchange Rates Local Currency Units per MxP
   
1Q26
1Q25
Var.%
 
Euro
      
 
End of Period
0.0479
0.0455
5.3%
 
Average
0.0487
0.0465
4.6%
 
USD
      
 
End of Period
0.0554
0.0492
12.5%
 
Average
0.0570
0.0490
16.4%
 
Brazilian Real
      
 
End of Period
0.2889
0.2826
2.2%
 
Average
0.3000
0.2866
4.7%
 
Argentinean Peso
      
 
End of Period
76.4943
52.8590
44.7%
 
Average
80.8085
51.7295
56.2%
 
Chilean Peso
      
 
End of Period
51.3353
46.9072
9.4%
 
Average
50.5172
47.2068
7.0%
 
Colombian Peso
      
 
End of Period
203.1339
206.3455
-1.6%
 
Average
210.7796
205.3524
2.6%
 
Guatemalan Quetzal
      
 
End of Period
0.4233
0.3795
11.5%
 
Average
0.4367
0.3776
15.7%
 
Peruvian Sol
      
 
End of Period
0.1934
0.1810
6.9%
 
Average
0.1934
0.1814
6.6%
 
Dominican Republic Peso
      
 
End of Period
3.3958
3.1243
8.7%
 
Average
3.5405
3.0546
15.9%
 
Belarusian Ruble
      
 
End of Period
0.1633
0.1534
6.4%
 
Average
0.1652
0.1496
10.4%
Content
 
 
 
 
 
Highlights
 
 
 
 
 
Relevant
 
 
 events
 
 
 
 
 
Subscribers
 
 
 
 
 
América
 
 
Móvil
 
 
Consolidated
 
 
 
 
 
Mexico 
 
 
 
 
 
Brazil
 
 
 
 
 
Colombia
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
Central
 
 
America
 
 
  and The
 
 
Caribbean
 
 
 
 
 
Austria and
Eastern
Europe
 

 
 
 
Currency
 
 Exchange
 
Rates
 
 
 
 
Appendix
 
 
 
 
 
Glossary
 
 
 


 
Exchange Rates Local Currency Units per USD
   
1Q26
1Q25
Var.%
 
Euro
      
 
End of Period
0.8656
0.9246
-6.4%
 
Average
0.8542
0.9506
-10.1%
 
Mexican Peso
      
 
End of Period
18.0667
20.3182
-11.1%
 
Average
17.5434
20.4244
-14.1%
 
Brazilian Real
      
 
End of Period
5.2194
5.7422
-9.1%
 
Average
5.2639
5.8527
-10.1%
 
Argentinean Peso
      
 
End of Period
1,382.0000
1,074.0000
28.7%
 
Average
1,417.6601
1,056.5442
34.2%
 
Chilean Peso
      
 
End of Period
927.4600
953.0700
-2.7%
 
Average
886.2462
964.1709
-8.1%
 
Colombian Peso
      
 
End of Period
3,669.9600
4,192.5700
-12.5%
 
Average
3,697.7999
4,194.2008
-11.8%
 
Guatemalan Quetzal
      
 
End of Period
7.6468
7.7117
-0.8%
 
Average
7.6620
7.7121
-0.6%
 
Peruvian Sol
      
 
End of Period
3.4950
3.6770
-4.9%
 
Average
3.3925
3.7046
-8.4%
 
Dominican Republic Peso
      
 
End of Period
61.3500
63.4800
-3.4%
 
Average
62.1121
62.3876
-0.4%
Content
 
 
 
 
 
Highlights
 
 
 
 
 
Relevant
 
 
 events
 
 
 
 
 
Subscribers
 
 
 
 
 
América
 
 
Móvil
 
 
Consolidated
 
 
 
 
 
Mexico 
 
 
 
 
 
Brazil
 
 
 
 
 
Colombia
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
Central
 
 
America
 
 
  and The
 
 
Caribbean
 
 
 
 
 
Austria and
Eastern
Europe
 

 
 
 
Currency
 
 Exchange
 
Rates
 
 
 
 
Appendix
 
 
 
 
 
Glossary
 
 
 


Appendix
 
The following table reconciles net cash flows provided by operating activities (an IFRS measure) to free cash flow (a non-IFRS measure). Our management defines free cash flow as funds from operations less capital expenditures. Funds from operations are calculated by subtracting payments of lease liabilities and net interest paid, and adding employee benefits, investing activities and others to net cash flows from operating activities.
Millions of Mexican pesos
    

 
Jan-Mar 26
Jan-Mar 25

Net cash flows from operating activities (IFRS measure)
44,798
39,865

(-) Payments of lease liabilities
-13,389
-13,219

(-) Net interest paid
-10,065
-10,028

(+) Employee benefits
1,541
6,978

(+) Investing activities (Derivative instruments, other investments) and others
2,006
670

Funds from Operations
24,891
24,266

(-) Capital Expenditures
-21,624
-24,675

Free Cash Flow (non-IFRS measure)
3,267
-410

Free cash flow is presented as a supplemental non-IFRS measure because management believes that it provides additional perspective and useful insight into the Company’s ability to generate cash after excluding the adjusted items, including necessary capital expenditures. This non-IFRS measure should not be considered superior to, a substitute for or an alternative to, and should be considered in conjunction with the IFRS measure presented herein.
Content
 
 
 
 
 
Highlights
 
 
 
 
 
Relevant
 
 
 events
 
 
 
 
 
Subscribers
 
 
 
 
 
América
 
 
Móvil
 
 
Consolidated
 
 
 
 
 
Mexico 
 
 
 
 
 
Brazil
 
 
 
 
 
Colombia
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
Central
 
 
America
 
 
  and The
 
 
Caribbean
 
 
 
 
 
Austria and
Eastern
Europe
 

 
 
 
Currency
 
 Exchange
 
Rates
 
 
 
 
Appendix
 
 
 
 
Glossary
 
 




Financial Debt of América Móvil(1)  Millions


 
Mar-26
Dec-25

Peso - denominated debt (MxP)
140,606
136,982

Bonds(2)
128,606
132,982

Banks and others
12,000
4,000

U.S. Dollar - denominated debt (USD)
9,114
9,389

Bonds
9,114
9,114

Banks and others
0
275

Euro - denominated Debt (EUR)
3,500
3,885

Bonds
3,432
3,432

Commercial Paper
68
453

Banks and others
0
0

Sterling - denominated Debt (GBP)
2,200
2,200

Bonds
2,200
2,200

Reais - denominated Debt (BRL)
10,000
8,500

Bonds
10,000
8,500

Banks and others
0
0

Debt denominated in other currencies (MxP)(3)
57,437
56,342

Bonds
5,360
5,424

Banks and others
52,076
50,917

Total Debt (MxP)
527,520
524,907

Cash, Marketable Securities and Short Term Financial Investments (MxP)(4)
90,495
77,384

Net Debt (MxP)
437,025
447,522
 
(1) This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.
(2) Includes the effect of inflation-linked debt.
(3) Includes Chilean peso, Colombian peso, Dominican peso, Japanese yen and Peruvian soles.
(4) Includes fixed income securities.
Content
 
 
 
 
 
Highlights
 
 
 
 
 
Relevant
 
 
 events
 
 
 
 
 
Subscribers
 
 
 
 
 
América
 
 
Móvil
 
 
Consolidated
 
 
 
 
 
Mexico 
 
 
 
 
 
Brazil
 
 
 
 
 
Colombia
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
Central
 
 
America
 
 
  and The
 
 
Caribbean
 
 
 
 
 
Austria and
Eastern
Europe
 

 
 
 
Currency
 
 Exchange
 
Rates
 
 
 
 
Appendix
 
 
 
 
Glossary
 
 



Glossary of Terms
 
 
ARPU
  
Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.
       
 
Capex
  
Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
       
 
Churn
  
Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.
       
 
EBIT
  
Earnings Before Interest and Taxes, also known as Operating Profit.
       
 
EBIT margin
  
The ratio of EBIT to total operating revenue.
       
 
EBITDA
  
Earnings Before Interest, Taxes, Depreciation, and Amortization.
 


 
EBITDAaL
Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.
 


 
EBITDA
margin
  
The ratio of EBITDA to total operating revenue.
       
 
EPS (Mexican
pesos)
  
Earnings per share. Total earnings in Mexican pesos divided by total shares.
       
 
Earnings per
ADR (US$)
  
Total earnings in U.S. dollars divided by total ADRs equivalent.
       
 
Gross
additions
  
Total number of subscribers acquired during the period.





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
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
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
 
 
 
 
 
Peru
 
 
 
 
 
Ecuador
 
 
 
 
 
Argentina
 
 
 
 
 
   Southern
 
 
Cone
 
 
 
 
 
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: April 23, 2026
 
AMÉRICA MÓVIL, S.A.B. DE C.V.
 
By: /s/ Carlos José García Moreno Elizondo
Name: Carlos José García Moreno Elizondo
Title: Chief Financial Officer