Earnings release
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30, 2026 | Page 1 2Q 2026 Results July 28, 2026 Investor Contact (52) 818-328-6167 investor@femsa.com femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com femsa.com
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July 28, 2026 | Page 2 Monterrey, Mexico, July 28, 2026 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the second quarter of 2026. Reporting Segments Update: In our continuous effort to improve our disclosure, we have updated FEMSA’s reporting segment structure to better reflect the scale, stage of development, and strategic differentiation of our various operations. This updated structure should provide investors with greater visibility into the drivers of performance across our operations. Our updated reporting segments are as follows: i) OXXO Mexico; ii) Americas & Mobility which now includes all OXXO operations outside of Mexico (Brazil, Colombia, Chile, Peru and the U.S.) , as well as the fuel operations in Mexico and the U.S; iii) Europe; iv) Health; and v) Coca-Cola FEMSA. Only segments i) and ii) changed relative to our previous reporting structure. • FEMSA: Total consolidated revenues grew 9.3% and Income from operations increased 7.2% compared to 2Q25. • OXXO Mexico: Total revenues grew 11.8% and Income from operations increased 12.3% versus 2Q25. • SPIN: Spin by OXXO had 11.5 million active users1 representing 22.1% growth compared to 2Q25 while Spin Premia had 29.1 million active loyalty users2 representing 9.4% growth compared to 2Q25, and an average tender at OXXO Mexico of 50.4% which increased from 45.8% in 2Q25. • COCA-COLA FEMSA: Total revenues grew 4.7% and Income from Operations increased 9.1% against 2Q25. Financial Summary for the Second Quarter and First Six Months of 2026 Change vs. comparable period Total Revenues Gross Profit Income from Operations Same-Store Sales As Reported 2Q26 YTD26 2Q26 YTD26 2Q26 YTD26 2Q26 YTD26 FEMSA Consolidated 9.3% 7.8% 7.8% 7.3% 7.2% 6.5% OXXO Mexico 11.8% 10.1% 10.2% 10.8% 12.3% 15.6% 9.5% 7.9% Americas & Mobility 17.4% 15.3% 16.9% 21.2% (88.0%) (57.7%) 11.4%3 8.2%3 Europe (3.8%) (2.0%) (6.6%) (4.1%) (7.3%) (2.5%) (5.7%) (4.3%) Health 2.2% 1.6% (8.7%) (9.3%) (57.7%) (36.7%) 0.7% 0.3% Coca-Cola FEMSA 4.7% 3.1% 8.8% 6.9% 9.1% 3.6% Comparable(A) FEMSA Consolidated 10.1% 9.3% 8.8% 8.9% 11.7% 11.9% OXXO Mexico 11.8% 10.1% 10.2% 10.8% 12.3% 15.6% 9.5% 7.9% Americas & Mobility 11.6% 11.1% 5.5% 12.9% (29.0%) 8.1% 17.6%3 16.6%3 Europe 3.2% 2.4% 0.2% 0.1% (0.5%) 2.7% 1.9% 0.9% Health 4.8% 5.7% (5.1%) (4.8%) (54.1%) (30.6%) 6.2% 6.7% Coca-Cola FEMSA 6.6% 8.1% 10.7% 11.9% 11.1% 8.2% Jose Antonio Fernández Garza-Lagüera, FEMSA’s Chief Executive Officer, commented: “During the second quarter, we delivered a strong set of results, led by an encouraging performance at OXXO Mexico and continued momentum across many of our retail platforms, while Coca-Cola FEMSA navigated a still-challenging environment due to weak consumer demand and tax increases in Mexico that was more than offset by robust performances in South America. We should highlight the quarter at OXXO Mexico, which delivered double-digit revenue and profit growth and, importantly, a return to positive customer traffic after several quarters of decline. While the World Cup provided a positive contribution during the quarter, we believe there was additional improvement supported by stronger execution across regions, commercial initiatives focused on key traffic -driving categories, and the consumer-centric strategy we began implementing during the second half of last year as we refocus on the customer at the center of everything we do. Beyond OXXO Mexico, we continue to be encouraged by the momentum of our growth platforms, with Bara setting a record for store openings and our OXXO operations in Colombia and Brazil advancing steadily toward the unit economics that will allow us to accelerate expansion with confidence. As we look ahead, and despite still facing a soft consumer environment in Mexico, and not enjoying the tailwind of the World Cup, we like our current momentum across most of our business units, and we are cautiously optimistic about the second half of the year even if it will be more subdued. While we recognize it will present its share of challenges, we are confident that the strength of our geographically diversified platform, together with the strategic and operating initiatives we have put in place and which are already bearing fruit, pos ition us well to continue executing against our long-term strategy in pursuit of sustainable, profitable growth.” (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 1 Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days. Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days. 2 Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period. 3 Currency-neutral. Only includes merchandise. Same-store sales includes a weighted average of OXXO Colombia, Chile, Peru and the U.S.A. HIGHLIGHTS
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July 28, 2026 | Page 3 FEMSA CONSOLIDATED 2Q26 Financial Summary Net Debt2 ex-KOF3 Amounts expressed in millions of Mexican Pesos (Ps.) Amounts expressed in millions of Mexican Pesos (Ps.) 2Q26 2Q25 Var. Comp.(A) As of June 30, 2026 Ps. US$4 Total Revenues 231,002 211,364 9.3% 10.1% Cash and Investments 73,591 4,213 Gross Profit 92,611 85,922 7.8% 8.8% Financial Debt 54,153 3,103 Gross Profit Margin (%) 40.1 40.7 (60 bps) Lease Liabilities 109,387 6,269 Income from Operations 19,110 17,831 7.2% 11.7% Net debt (ND) 90,020 5,159 Operating Margin (%) 8.3 8.4 (10 bps) ND / Adjusted LTM EBITDA 1.15x - Adjusted EBITDA1 33,340 29,588 12.7% 15.8% EBITDA Margin (%) 14.4 14.0 40 bps Consolidated Net Income 9,221 5,591 64.9% Total revenues increased 9.3% in 2Q26 compared to 2Q25, driven by growth in Coca -Cola FEMSA, OXXO Mexico, Americas & Mobility and Health, partially offset by a decrease in Europe. Excluding the consolidation of OXXO Brazil and the net negative foreign exchange effect as the Mexican peso appreciated relative to other currencies, revenues grew 10.1% on a comparable basis. Gross profit increased 7.8%. Gross margin contracted 60 basis points, reaching 40.1%. This reflects margin expansion in Coca-Cola FEMSA, offset by contractions in OXXO Mexico, Europe and Health, and stable margin at Americas & Mobility. It is important to highlight that the contractions in Europe and Health are explained by the reclassification of distribution expenses from selling expenses to cost of goods sold, which do not impact income from operations; this effect is reflected in the 2Q26 results, but not in the comparison base of 2Q25 . Excluding the effects of this reclassification, the gross margin would have contracted by 20 basis points, from a base of 40.3% for the second quarter of 2025. On a comparable basis, which accounts for currency effects and the consolidation of OXXO Brazil, gross profit increased 8.8%. Income from operations increased 7.2%, driven by growth in Coca -Cola FEMSA and OXXO Mexico, partially offset by declines in Americas & Mobility, Europe and Health. The consolidated operating margin stood at 8.3%, contracting 10 basis points year over year, reflecting margin expa nsion at Coca-Cola FEMSA and to a lesser extent OXXO Mexico, offset by margin contraction at Americas & Mobility, Europe, and Health. On a comparable basis, income from operations increa sed 11.7%. The effective income tax rate was 34.8% in 2Q26. The gap between our effective tax rate and the statutory rate of 30% reflects non-deductible expenses, primarily at OXXO Mexico and Health, and non-creditable tax loss effects, mainly from Spin and, to a lesser extent, Health. Our income tax provision for 2Q26 was Ps. 4,905 million, an increase of 13.0% relative to 2Q25. Net consolidated income amounted to Ps. 9,221 million, compared to Ps. 5,591 million in 2Q25, representing a 64.9% increase. This increase was supported by growth in income from operations as well as: i) a lower non-cash foreign exchange loss of Ps. 655 million, compared to a loss of Ps. 4,102 million in 2Q25, reflecting a favorable impact of Ps. 3,447 million, mainly due to a lower appreciation of the Mexican peso against the U.S. dollar generating lower losses on a lower U.S. dollar -denominated cash and investment position ; and ii) a positive participation in associates’ results of Ps. 38 million, compared to a loss of Ps. 756 million in 2Q25 , which reflected the results of our joint venture in Brazil and our participation in BradyPlus. These effects were partially offset by: i) higher net interest expense of Ps. 4,021 million, compared to Ps. 3,250 million in 2Q25, mainly reflecting lower interest income of Ps. 1,508 million compared to Ps. 2,051 million in 2 Q25, driven by a lower cash and investment balance; ii) a lower gain from other financial income of Ps. 163 million compared to Ps. 633 million, mainly reflecting the absence of the gain recorded in 2Q25 from the valuation of HKN shares; and iii) a higher income tax provision of Ps. 4,905 million, compared to Ps. 4,339 milli on in 2Q25. Net majority income was Ps. 1.62 per FEMSA Unit5, representing 107.7% growth, and US$0.93 per FEMSA ADS4. Net Debt / Adjusted EBITDA. On an ex-KOF basis, as of June 30, 2026, cash and investments were Ps. 73,591 million and total debt was Ps. 163,539 million, resultin g in net debt of Ps. 90,020 million. Our Net Debt / Adjusted EBITDA ratio ex-KOF was 1.15x up from 0.93x in 2Q25, although it declined sequentially, supported by operating performance and a lower financial debt balance offset by a lower balance of cash and investments . This year-on-year increase mainly reflects the cash outflow related to our capital allocation strategy, which has resulted in Ps. 45, 498 million of ordinary and extraordinary dividends, as well as Ps . 10,354 million of share repurchases6 during the last twelve months. Capital expenditures amounted to Ps. 8,872 million, 3.8% as a percentage of total sales, and a decrease of 3.6% compared to 2Q25, mainly reflectin g lower CAPEX at Coca-Cola FEMSA, driven by a more selective approach to capital deployment, coupled with decreases in Health and E urope, consistent with a disciplined approach to investments across the portfolio. This was partially offset by an increase CAPEX in OXXO Mexico, reflecting the continued pac e of store openings, and in Americas & Mobility, related to store expansion investments across the region. (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 1 Adjusted EBITDA: Operating Income + Depreciation + Amortizations + other non-cash charges. Adjusted EBITDA ex-KOF: FEMSA Consolidated Adjusted EBITDA as described above – Coca-Cola FEMSA’s Consolidated Adjusted EBITDA + Dividends received by FEMSA from Coca-Cola FEMSA and other investments. 2 All Net Debt calculations are shown on an Ex-KOF basis. For a detailed reconciliation of this metric please see table on page 17 of this document. 3 ex-KOF: FEMSA Consolidated reported information – Coca-Cola FEMSA Consolidated reported information. 4 The exchange rate published by the Federal Reserve Bank of New York for June 30, 2026 was 17.4490 MXN per USD. 5 FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of June 30, 2026 was 3,412,732,415, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5. 6 Share repurchases considers the disbursed amount for the local market repurchases and the ASRs of the last twelve months, that include two ASR of US$260 million and US$300 respectively, this is translated to Mexican pesos with the exchange rate for the end of the period of June 30, 2026, which was 17.4490 MXN per USD. QUARTERLY RESULTS Results are compared to the same period of previous year
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July 28, 2026 | Page 4 OXXO MEXICO 2Q26 Financial Summary – OXXO Mexico Amounts expressed in millions of Mexican Pesos (Ps.) 2Q26 2Q25 Var. Same-store sales (thousands of Ps.) 1 1,101.7 1,006.5 9.5% Total Revenues 86,708 77,539 11.8% Gross Profit 38,865 35,272 10.2% Gross Profit Margin (%) 44.8 45.5 (70 bps) Income from Operations 8,649 7,701 12.3% Income from Operations Margin (%) 10.0 9.9 10 bps Adjusted EBITDA 13,239 11,632 13.8% Adjusted EBITDA Margin (%) 15.3 15.0 30 bps Net Additions Vs. comparable quarter OXXO Store Base Vs. comparable date Same-Store Sales In thousands of Ps. Adjusted EBITDA In millions of Ps. Total revenues increased 11.8% in 2Q26 compared to 2Q25, reflecting a 9.5% increase in same -store sales, coupled with 3.5% store expansion. The growth in same-store sales was driven by an increase of 7.4% in the average ticket, and an increase of 2.0% in store traffic. During the quarter, results were supported by (i) the continued execution of commercial initiatives, including assortment and price actions across key consumer and traffic-driving categories, which supported market share recovery in core categories such as soft drinks, cigarettes, beer and snacks , (ii) the favorable effect from the FIFA World Cup, including the sale of Panini collectible stickers, and (iii) continued growth in services. Importantly, the traffic improvement was broad-based across regions. These results were achieved despite a weak consumption environment, adverse weather , and a moderate Holy Week calendar effect. The increase in average ticket above inflation reflects changes in product mix and the effect of excise taxes on beverages and cigarettes. In most categories, we are focused on affordability strategies to maintain competitiveness relative to other channels. During the quarter, the OXXO store base in Mexico expanded by 253 stores, and it added 832 total net stores during the last t welve months. As of June 30, 2026, OXXO Mexico had a total of 24,708 stores. Gross profit reached 44.8% of total revenues, representing a 70-basis point contraction compared to 2Q25. This contraction reflects the continued execution of commercial initiatives in key categories designed to strengthen traffic and market share, which included pric e rationalization in relevant traffic driving categories. This was partially offset by the continued growth in services and sustained income from key suppliers, including commercial and distribution income. Income from operations increased by 12.3% compared to 2Q25 and reached 10.0% of total revenues, representing a 10 -basis point margin expansion year over year. This performance was mainly explained by revenue growth, operating leverage , and cost containment and efficiency initiatives, which helped offset the gross margin contraction described above. Operating expenses increased 9.6%, below reven ue growth, reflecting the cost containment and the operational efficiencies implemented during last year, particularly in administrative expenses, partially offset by higher labor and expansion-related costs. 1 Same-store Sales OXXO Mexico. 309 253 2Q25 2Q26 23,876 24,708 2Q25 2Q26 1,006.5 1,101.7 2Q25 2Q26 11,632 13,239 2Q25 2Q26 +3.5% +9.5% (18.1%) +13.8%
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July 28, 2026 | Page 5 AMERICAS1 & MOBILITY2 2Q26 Financial Summary – Americas & Mobility Amounts expressed in millions of Mexican Pesos (Ps.) 2Q26 2Q25 Var. Comp.(A) Same-store sales (thousands of Ps.) 1,141.2 1,024.8 11.4% 17.6%3 Merchandise1 Sales 6,673 4,290 55.6% 16.5% Fuel2 and Other Sales 21,894 20,035 9.3% 10.7% Total Revenues 28,567 24,325 17.4% 11.6% Merchandise1 Gross Profit 2,174 1,405 54.8% 21.0% Fuel2 and Other Gross Profit 2,423 2,527 (4.1%) (1.9%) Gross Profit 4,597 3,932 16.9% 5.5% Gross Profit Margin (%) 16.1 16.2 (10 bps) Income from Operations 80 664 (88.0%) (29.0%) Income from Operations Margin (%) 0.3 2.7 (240 bps) Adjusted EBITDA 1,296 1,354 (4.3%) 5.7% Adjusted EBITDA Margin (%) 4.5 5.6 (110 bps) AMERICAS1 Net Additions Vs. comparable quarter Store Base Vs. comparable date Same-Store Sales In thousands of Ps. Total revenues increased 17.4% in 2Q26 compared to 2Q25, reflecting a 9.3% increase in our Fuel sales, coupled with a 55.6% increase in our Merchandise sales. The growth in our Fuel sales mainly reflects an increase in volume and traffic across our service stations . The solid results in our Merchandise sales mainly reflect the positive performance of our OXXO stores in South America, with continued growth in same-store sales, reflecting our initiatives to drive traffic and new revenue opportunities, complemented by operational improvements across di fferent countries. We also benefited from the integration of OXXO Brazil, which we beg an consolidating on February 1st, 2026. This was partially offset by negative translation effects from certain operating currencies outside of Mexico which depreciated against the peso. On a comparable basis, which excludes the addition of OXXO Brazil as well as currency headwinds, total revenues increased 11.6%. During the quarter, the store base expanded by 11 stores. Americas & Mobility had 46 total net store additions for the last twelve months and a total of 1,953 stores as of June 30, 2026, reflecting a moderation in the pace of expansion as we focus on strengthening four-wall economics and profitability. (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 1 Americas: OXXO Brazil, Chile, Colombia, Peru and USA. 2 Mobility: Fuel operations in Mexico and the USA, and Mecanica Tek. 3 Same-store Sales is a weighted average of OXXO Colombia, Chile, Peru and the U.S.A. 13 11 2Q25 2Q26 1,907 1,953 2Q25 2Q26 1,024.8 1,141.2 2Q25 2Q26 +2.4% +11.4% (15.4%)
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July 28, 2026 | Page 6 Gross profit reached 16.1% of total revenues, in line with 2Q25. Gross profit increased 16.9%, reflecting strong growth in Merchandise gross profit, which increased 54.8%, supported by the performance of OXXO stores in Latam and the consolidation of OXXO Brazil. This was partially offset by a 4.1% decline in Fuel gross profit, mainly reflecting margin compression in our fuel business in Mexico, as diesel price commitments and higher fuel costs weighed on unit margins despite higher volumes. On a comparable basis, gross profit increased 5.5%, excluding the addit ion of OXXO Brazil and currency fluctuations. Income from operations decreased by 88.0% compared to 2Q25 and represented 0.3% of total revenues, which represents a 2 40-basis point contraction. This performance was mainly explained by the incorporation of OXXO Brazil losses into the consolidated results, coupled with the fuel margin compression described above. This was partially offset by improved operating performance in OXXO Chile, Peru and Colombia, reflecting stronger revenue growth, operational improvements and a continued focus on profitability across the region. Operating expenses increased above total revenues, reflecting the incorporation of Brazil and increased expenses as we continue to buil d capabilities to support future growth. On a comparable basis, income from operations decreased 29.0%, mainly reflecting the pressure on Fuel margin in Mexico. Bara1 Bara Total revenues increased by 35.8% in 2Q26 compared to 2Q25, reflecting an average same-store sales increase of 11.3%, with an ongoing strong performance in the grocery, homecare and convenience categories and the addition of 253 net new Bara stores during the last twelve months, a 47.5% year over year increase in the store base. During the quarter, the Bara store base expanded by 112 units reaching a total of 786 Bara stores as of June 30, 2026. 1 Bara store count and results are not consolidated within the Americas & Mobility reported figures.
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July 28, 2026 | Page 7 EUROPE 2Q26 Financial Summary – Europe Amounts expressed in millions of Mexican Pesos (Ps.) 2Q26 2Q25 Var. Comp.(A) Same-store sales (thousands of Ps.) 1 1,930.0 2,046.7 (5.7%) 1.9% Total Revenues 14,491 15,065 (3.8%) 3.2% Gross Profit 5,821 6,233 (6.6%) 0.2% Gross Profit Margin (%) 40.2 41.4 (120 bps) Income from Operations 638 688 (7.3%) (0.5%) Income from Operations Margin (%) 4.4 4.6 (20 bps) Adjusted EBITDA 2,150 2,179 (1.3%) 5.9% Adjusted EBITDA Margin (%) 14.8 14.5 30 bps Total revenues decreased 3.8% in 2Q26 compared to 2Q25, reflecting currency headwinds. On a currency -neutral basis total revenues grew 3.2%, reflecting higher sales from our Swiss retail operations, supported by a favorable sales mix, partially o ffset by lower B2B sales and a softer performance across formats in Germany, impacted by adverse weather and transport -related disruptions. Gross profit represented 40.2% of total revenues, a 120 basis-point margin contraction, reflecting a reclassification of distribution expenses from selling expenses to cost of goods sold, which is not reflected in 2Q25. Gross profit decreased 6.6% compared to 2Q25 but increased 0.2% on a currency -neutral basis, reflecting the effects mentioned above. Excluding the effects of this reclassification, gross profit would have decreased 3.0% in 2Q26, and the gross profit margin would have expanded 40 basis points from a base of 39.8% in 2Q25, r eflecting continued implementation of commercial income strategies and s olid performance in Swiss retail, supported by higher tobacco and food margins, and higher promotional income. Income from operations decreased 7.3% versus 2Q25 and represented 4.4% of total revenues, a 20 basis-point contraction year- on-year, impacted by currency headwinds and one -time expenses related to the reorganization of our operations . This was partially offset by the solid performance of our Swiss convenience business, supported by promotional income and a favorable sales mix, coupled with effective expense control. On a comparable basis, income from operations decreased 0.5%. (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 1 Same-store Sales reflects a weighted average from our foodservice and retail operations.
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July 28, 2026 | Page 8 HEALTH 2Q26 Financial Summary - Health Amounts expressed in millions of Mexican Pesos (Ps.) except same -store sales 2Q26 2Q25 Var. Comp.(A) Same-store sales (thousands of Ps.) 1,036.3 1,029.5 0.7% 6.2% Total Revenues 22,328 21,850 2.2% 4.8% Gross Profit 5,930 6,496 (8.7%) (5.1%) Gross Profit Margin (%) 26.6 29.7 (310 bps) Income from Operations 346 819 (57.7%) (54.1%) Income from Operations Margin (%) 1.5 3.7 (220 bps) Adjusted EBITDA 2,069 1,981 4.4% 9.4% Adjusted EBITDA Margin (%) 9.3 9.1 20 bps Net Additions Vs. comparable quarter Locations Vs. comparable date Same-Store Sales In thousands of Ps. Adjusted EBITDA In millions of Ps. Total revenues increased 2.2% in 2Q26 compared to 2Q25, reflecting a positive performance in Colombia retail and Ecuador, offset by neutral performance in Chile, challenging results in Mexico and currency headwinds. On a currency -neutral basis total revenues grew 4.8%. During the quarter, the net store base increased by 57 units, reaching a total of 4,584 locations across our territories as of June 30, 2026, and it added 263 total net locations during the last twelve months. Same-store sales increased 0.7% in Mexican pesos and increased 6.2% on a currency-neutral basis. Gross profit was 26.6% of total revenues, representing a decrease of 310 basis points, mainly reflecting a reclassification of distribution expenses from selling expenses to cost of goods sold in Chile; this effect is not reflected in 2Q25. The decrease is also driven by the underperformance of Mexico and aggressive promotional initiatives in Chile in response to a highly competitive environment, and an unfavorable product mix in Chile and Ecuador. Gross profit decreased 8.7% compared to 2Q25, reflecting the effects mentioned above. Excluding the effects of this reclassification, the gross profit would have marginally increased by 0.9% in 2Q26 versus the previous year, and the gross profit margin would have contracted 30 basis points from a base of 26.9%. Income from operations decreased 57.7% and represented 1.5% of total revenues, a reduction of 2 20 basis points from 3.7% , mainly reflecting; i ) a non -cash credit-risk provision of Ps. 408 million in connection with the unwinding process of Colombia’s institutional business; ii) higher labor expenses in Colombia, driven by labor reforms and increased minimum wages; and iii) lower income from oper ations in Chile, mainly driven by the gross margin contraction described above. This was partially offset by improved results in Ecuador, the continued solid performance of Colombia retail, and a lower operating loss in Mexico, supported by continued cost and expense control. On a comparable basis, income from operations contracted by 54.1%, (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. -273 57 2Q25 2Q26 4,321 4,584 2Q25 2Q26 1,029.5 1,036.3 2Q25 2Q26 1,981 2,069 2Q25 2Q26 +6.1% +4.4% +0.7% N.S.
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July 28, 2026 | Page 9 SPIN1 Spin by OXXO Spin by OXXO acquired 0.7 million users during the quarter to reach 17.6 million total acquired users in 2Q26, compared to 14.5 million users in 2Q25. This represents an increase of 21.6% YoY and a 1.6% compound monthly growth rate. Active users 2 were 65.0% of the total acquired user base , representing 22.1% growth YoY and reaching 11.5 million. Total transactions per month increased 61.5% 3 YoY to reach an average of 119.1 million per month in 2Q26, reflecting an increase in user engagement. Spin Premia Spin Premia acquired 1.9 million users during the quarter to reach 67.1 million total acquired users in 2Q26, compared to 58.3 million users in 2Q25. This represents an increase of 15.1% YoY and a 1.2% compound monthly growth rate. Active users 4 were 43.5% of the total acquired user base , representing 9.4% growth YoY and reaching 29.1 million. The average tender during the quarter was 50.4%. COCA-COLA FEMSA Coca-Cola FEMSA’s financial results and discussion thereof are incorporated by reference from Coca -Cola FEMSA’s press release, which is attached to this press release or may be accessed by visiting coca-colafemsa.com. 1 Spin results are included within the Other business segment. 2 Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days. 3 Represents the growth of average monthly transactions in 2Q26 compared to average monthly transactions in 2Q25. 4 Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.
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July 28, 2026 | Page 10 FEMSA CONSOLIDATED Financial Summary for the First Six Months of 2026 Amounts expressed in millions of Mexican Pesos (Ps.) 2026 2025 Var. Comp. (A) Total Revenues 438,695 406,812 7.8% 9.3% Gross Profit 176,666 164,686 7.3% 8.9% Gross Profit Margin (%) 40.3 40.5 (20 bps) Income from Operations 33,421 31,368 6.5% 11.9% Operating Margin (%) 7.6 7.7 (10 bps) Adjusted EBITDA1 61,455 54,832 12.1% 15.8% Adjusted EBITDA Margin (%) 14.0 13.5 50 bps Consolidated Net Income 26,874 14,533 84.9% Total revenues increased 7.8% in the first six months of 2026 compared to the same period of 2025, driven by growth in Coca-Cola FEMSA, OXXO Mexico, Americas & Mobility and Health, partially offset by a decrease in Europe. Revenues reflected a net negative foreign exchange effect as the Mexican peso appreciated relative to other currencies; as a result, revenues grew 9.3% on a comparable basis. Gross profit increased 7.3%, reflecting increases at OXXO Mexico, Coca-Cola FEMSA and Americas & Mobility, offset by Europe and Health. Gross margin contracted 20 basis points, reaching 40.3%. This reflects margin expansion in OXXO Mexico and Americas & Mobility, offset by contractions in Coca-Cola FEMSA, Europe and Health. It is important to highlight that the contractions in Europe and Health are explained by the reclassification of distribution expenses from selling expenses to cost of goods sold, which do not impact income from operations. Excluding the effects of this reclassification, the gross margin for the first six months of 2025 would have been 40.1%, an expansion of 20 basis points. On a comparable basis, which accounts for currency effects and M&A, gross profit increased 8.9%. Income from operations increased 6.5%, driven by growth in Coca -Cola FEMSA and OXXO Mexico, partially offset by declines in Americas & Mobility, Europe and Health. The consolidated operating margin stood at 7.6%, contracting 10 basis points year over year, ref lecting margin expansion in OXXO Mexico and Coca-Cola FEMSA, offset by margin contractions in Americas & Mobility, Europe and Health. On a comparable basis, income from operations increased 11.9%. The effective income tax rate was 24.1% for the first six months of 2026. This is largely explained by a one -time gain related to the BradyPLUS and Imperial Dade merger recorded in the first quarter of 2026, reflecting a non-cash accounting gain which increased profitability with no current tax effect. Excluding this impact, the effective income tax rate would be 36.2%. The gap between our effect ive tax rate and the statutory rate of 30% is mainly explained by non-deductible expenses, primarily at OXXO Mexico, and non-creditable tax loss effects, mainly from Spin. Our income tax provision for the first six months of 2026 was Ps. 8,562 million, a decline of 5.9% relative to the same period of 2025. Net consolidated income amounted to Ps. 26,874 million, representing an increase of 84.9% compared to the first six months of 2025. This increase primarily reflected a one-time gain related to the BradyPLUS and Imperial Dade merger recorded in the first quarter of 2026. Excluding this one-time gain, our net consolidated income amounted to Ps. 14,923 million, representing an increase of 2.7% compared to the first six months of 2025. This increase primarily re flected: i) a lower non -cash foreign exchange loss of Ps. 1,099 million, compared to a loss of Ps. 3,660 million, reflecting a favorable swing of Ps. 2,561 million, mainly due to lower appreciation of the Mexican peso against the U.S. dollar and lower U.S. dollar cash balances; ii) a reduction in other financial income of Ps. 76 million, compared to Ps. 1,817 million, which reflected the valuation effect recorded in 2025 related to HKN shares; and iii) a lower loss from participation in associates’ results of Ps. 62 million, compared to a loss of Ps. 844 million in 2025, which reflected the results of our joint venture in Brazil and our participation in BradyPlus. These effects were partially offset by: i) higher net interest expense of Ps. 8,315 million, compared to Ps. 6,281 million, mainly reflecting lower interest income of Ps. 2,68 0 million compared to Ps. 4,183 million, driven by a lower cash and investment balance; and ii) a reduction of Ps. 2,333 million in income from discontinued operations. Net majority income per FEMSA Unit2 was Ps. 5.97 (US$3.42 per ADS). Capital expenditures amounted to Ps. 15,0 67 million, 3.4% as a percentage of total sales, and a decrease of 16. 2% compared to the first six months of 2025, mainly reflecting lower CAPEX at Coca -Cola FEMSA, driven by a more selective approach to capital deployment, and at OXXO Mexico, reflecting a more measured pace of store openings compared to the prior year, coupl ed with a decrease in Health, consistent with a disciplined approach to investments across the portfolio. This was partially offset by higher CAPEX in Americas & Mobility, r eflecting continued investments related to the reactivation of expansion plans in most markets. (A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance 1 Adjusted EBITDA: Operating Income + Depreciation + Amortizations. 2 FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of June 30, 2026 was 3,412,732,415, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5. RESULTS FOR THE FIRST SIX MONTHS OF 2026 Results are compared to the same period of previous year
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July 28, 2026 | Page 11 • On June 24, 2026, FEMSA completed the accelerated share repurchase program first announced in March 23, 2026. The Company repurchased approximately 2.6 million American Depositary Shares (“ADSs”) at an average price of US$ 117.47 per ADS, for a total amount of US$300 million, with final settlement and delivery completed on this date. The ASR had an initial delivery of 591,774 ADSs in March 2026. • On June 8, 2026 , FEMSA announced that it entered into an agreement for a strategic equity investment by QED Investors (“QED”) into its lending business unit. QED is a global fintech -focused venture capital firm with more than 250 portfolio companies and US$4 billion in assets under management. The lending business unit is an important component of FEMSA’s digital ecosystem, complementing the Company’s payments and loyalty offerings. The business is uniquely positioned to leverage FEMSA’s broad customer reach, high- frequency consumer engagement, extensive transaction data, and trusted brands, creating a strong foundation to develop relevant and accessible credit solutions for underserved consumers in Mexico. FEMSA recognizes that building a successful lending business requires specialized expertise, disciplined execution, and prudent risk management. QED brings a proven track record of supporting the build and scale of fintech companies across multiple markets and is known for its highly engaged, operator-led approach. Beyond capital, QED will contribute hands-on experience in lending, risk management, product development, and organizational scaling, making it a highly complementary partner as FEMSA’s lending business enters its next stage of development. The partnership establishes a framework for controlled and responsible growth, enabling the lending business to advance through clearly defined milestones while maintaining a measured approach to investment, portfolio growth and risk management. FEMSA beli eves that combining QED’s expertise with its unique customer access, proprietary data advantages, trusted consumer relationships, and omnichannel presence will support the disciplined development of a responsible and scalable credit offering that contribut es to greater financial inclusion in Mexico. FEMSA will continue to hold a majority stake in the lending business and consolidate its results RECENT DEVELOPMENTS
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July 28, 2026 | Page 12 CONFERENCE CALL INFORMATION Our second quarter 2026 Conference Call will be held on: Tuesday, July 28, 2026, 11:00 AM Eastern Time (9:00 AM Mexico City Time). The conference call will be live through our Zoom link. For registration, please visit: Registration: https://bit.ly/FEMSA_2Q26 If you are unable to participate live, the conference call audio will be available on https://femsa.gcs-web.com/financial- reports/quarterly-results ABOUT FEMSA FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in two core sectors, retail and beverages. In retail, FEMS A is present through four divisions: i) OXXO Mexico, operating the largest small -format store chain in Mexico; ii) Americas & Mobility, which includes its OXXO convenience store operations across Latin America and the United States, as well as its gas station business in Mexi co and the United States; iii) Europe, operating convenience and foodvenience formats in five European countries; and iv) FEMSA Health, which includes drugstores and related activities in four Latin American countries. In Mexico, OXXO’s operations are enhanced by, and comprise a customer-focused ecosystem with Spin, a digital platform that leverages the O XXO store network to provide Mexican consumers with access to digital financial services, including Spin by OXXO and Spin Premia, among other initiatives. In the beverage sector , FEMSA participates through Coca -Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 369,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best -in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P G lobal; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes. The translations of Mexican pesos into US dollars are included solely for the convenience of the reader, using the noon buyin g rate for Mexican pesos as published by the Federal Reserve Bank of New York on June 30, 2026, which was 17.4490 Mexican pesos per US dollar. FORWARD-LOOKING STATEMENTS This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance. Our consolidated financial statements as of and for the year ended December 31, 2026, are not yet available, and the independent audit of those financial statements is ongoing and has not yet been completed. The unaudited preliminary financial information as o f and for the year ended December 31, 2026, presented herein, is preliminary and subject to change as we complete our financial closing procedures and prepare our consolidated financial statements, and as our independent registered public accounting firm comple tes its audit of such consolidated financial statements. As of the date of this release, our independent registered public accounting firm has not expressed an opinion or any other form of assurance on any financial information as of or for the year ended December 31, 2026, or on our internal control over financial reporting as of December 31, 2026. Our audited consolidated financial statements may differ materially from this preliminary information and will also include notes providing additional disclosures. COMPARABILITY Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding the effects of: (i) mergers, acquisitions, and divestitures; and (ii) translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability. Ten pages of tables to follow
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July 28, 2026 | Page 13 FEMSA – Consolidated Income Statement Amounts expressed in millions of Mexican Pesos (Ps.) For the second quarter of: For the six months of: 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) Total revenues 231,002 100.0 211,364 100.0 9.3 10.1 438,695 100.0 406,812 100.0 7.8 9.3 Cost of sales 138,391 59.9 125,442 59.3 10.3 262,029 59.7 242,126 59.5 8.2 Gross profit 92,611 40.1 85,922 40.7 7.8 8.8 176,666 40.3 164,686 40.5 7.3 8.9 Administrative expenses 9,876 4.3 10,262 4.9 (3.8) 20,063 4.6 20,214 5.0 (0.7) Selling expenses 64,047 27.7 58,147 27.5 10.1 123,452 28.1 113,460 27.9 8.8 Other operating expenses (income), net (1) (422) (0.2) (318) (0.2) 32.7 (270) (0.1) (356) (0.1) (24.2) Income from operations (2) 19,110 8.3 17,831 8.4 7.2 11.7 33,421 7.6 31,368 7.7 6.5 11.9 Other non-operating expenses (income) 510 269 89.6 (11,415) 1,100 N.S. Interest expense 5,529 5,301 4.3 10,995 10,464 5.1 Interest income 1,508 2,051 (26.5) 2,680 4,183 (35.9) Interest expense, net 4,021 3,250 23.7 8,315 6,281 32.4 Foreign exchange loss (gain) 655 4,102 (84.0) 1,099 3,660 (70.0) Other financial expenses (income), net (163) (633) (74.2) (76) (1,817) (95.8) Financing expenses, net 4,513 6,719 (32.8) 9,338 8,124 14.9 Income before income tax and participation in associates results 14,087 10,843 29.9 35,498 22,144 60.3 Income tax 4,905 4,339 13.0 8,562 9,100 (5.9) Participation in associates results 38 (756) (105.0) (62) (844) (92.7) Continued Operations net income (Loss) 9,221 5,748 60.4 26,874 12,200 120.3 Discontinued Operations net income (Loss) - (157) (100.0) - 2,333 (100.0) Consolidated net income (Loss) 9,221 5,591 64.9 26,874 14,533 84.9 Net majority income 5,536 2,710 104.3 20,376 8,516 139.3 Net minority income 3,685 2,881 27.9 6,498 6,017 8.0 Operative Cash Flow & CAPEX 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) Income from operations 19,110 8.3 17,831 8.4 7.2 11.7 33,421 7.6 31,368 7.7 6.5 11.9 Depreciation 10,703 4.6 9,893 4.7 8.2 21,153 4.8 19,609 4.8 7.9 Amortization & other non-cash charges 3,527 1.5 1,864 0.9 89.2 6,881 1.6 3,855 0.9 78.5 Adjusted EBITDA 33,340 14.4 29,588 14.0 12.7 15.8 61,455 14.0 54,832 13.5 12.1 15.8 CAPEX 8,872 9,203 (3.6) 15,067 17,987 (16.2) (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. (1) Other operating expenses (income), net = other operating expenses (income) +(-) equity method from operated associates. (2) Income from operations = gross profit – administrative and selling expenses – other operating expenses (income), net.
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July 28, 2026 | Page 14 FEMSA – Consolidated Balance Sheet Amounts expressed in millions of Mexican Pesos (Ps.) ASSETS Jun-26 Dec-25 % Inc. Cash and cash equivalents 104,960 107,980 (2.8) Investments 11,591 20,042 (42.2) Accounts receivable 45,281 48,319 (6.3) Inventories 67,552 69,452 (2.7) Other current assets 42,721 37,323 14.5 Current Assets Available for sale - - - Total current assets 272,105 283,116 (3.9) Investments in shares 10,860 25,726 (57.8) Property, plant and equipment, net 194,228 189,672 2.4 Right of use 101,122 99,543 1.6 Intangible assets (1) 146,079 145,506 0.4 Other assets 78,188 52,314 49.5 TOTAL ASSETS 802,582 795,877 0.8 LIABILITIES & STOCKHOLDERS’ EQUITY Jun-26 Dec-25 % Inc. Bank loans 2,860 5,862 (51.2) Current maturities of long-term debt 12,087 14,812 (18.4) Interest payable 1,725 1,790 (3.6) Current maturities of long-term leases 15,435 15,188 1.6 Operating liabilities 207,367 172,362 20.3 Short term liabilities available for sale - - - Total current liabilities 239,474 210,014 14.0 Long-term debt (2) 124,830 126,992 (1.7) Long-term leases 97,792 94,703 3.3 Laboral obligations 10,933 10,719 2.0 Other liabilities 28,618 24,097 18.8 Total liabilities 501,647 466,525 7.5 Total stockholders’ equity 300,935 329,352 (8.6) TOTAL LIABILITIES AND STOCKHOLERS’ EQUITY 802,582 795,877 0.8 DEBT MATURITY PROFILE 2026 2027 2028 2029 2030 2031+ % of Total Debt 3.8% 8.8% 11.0% 6.0% 12.9% 57.5% (1) Includes mainly the intangible assets generated by acquisitions. (2) Includes the effect of derivative financial instruments on long-term debt. June 30, 2026 DEBT MIX (2) % of Total Average Rate Denominated in: Mexican pesos 59.5% 8.9% U.S. Dollars 25.6% 3.5% Euros 0.0% 0.0% Swiss Francs 0.0% 0.0% Colombian pesos 1.0% 12.7% Argentine pesos 0.4% 31.5% Brazilian reais 12.5% 9.0% Chilean pesos 1.0% 5.9% Total debt 100.0% 7.6% Fixed rate (2) 83.5% Variable rate (2) 16.5%
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July 28, 2026 | Page 15 Net Debt & Adjusted EBITDA ex-KOF Amounts expressed in millions of US Dollars (US.) Twelve months ended June 30, 2026 As of June 30, 2026 Reported Adj. EBITDA Adjustments Adj. EBITDA Ex-KOF Reported Adjustments Ex-KOF OXXO Mexico, Americas & Mobility 3,219 - 3,219 Cash & Equivalents 4,213 - 4,213 Europe 485 - 485 Coca-Cola FEMSA Cash & Equivalents 2,466 (2,466) - Health Division 513 - 513 Cash & Equivalents 6,680 (2,466) 4,213 Envoy Solutions - - - Coca-Cola FEMSA1 3,487 (3,487) - Financial Debt 3,103 - 3,103 Other2 (147) - (147) Coca-Cola FEMSA Financial Debt 4,907 (4,907) - FEMSA Consolidated 7,556 (3,487) 4,069 Lease Liabilities 6,269 - 6,269 Coca-Cola FEMSA Lease Liabilities 220 (220) - Dividends Received3 - 407 407 Debt 14,500 (5,127) 9,372 FEMSA Consolidated ex-KOF 7,556 (3,081) 4,475 FEMSA Net Debt 7,820 (2,661) 5,159 Translated to USD for readers’ convenience using the exchange rate published by the Federal Reserve Bank of New York for June 30, 2026 which was 17.4490 MXN per USD. 1 Coca-Cola FEMSA adjustment represents 100% of its LTM EBITDA. 2 Includes FEMSA Other Businesses (including Bara and Spin), FEMSA corporate expenses, and the effects of consolidation adjustments 3 Reflects cash dividends received from Coca-Cola FEMSA for approximately US$407 mm during the last twelve months.
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July 28, 2026 | Page 16 EPS with Repurchased Shares Amounts expressed in millions of Mexican Pesos (Ps.) As Reported Proforma Total Shares Outstanding (1) (2) Total Shares Excluding Shares in Treasury FEMSA Units Outstanding(1) 3,412,732,415 FEMSA Units Outstanding(1) 3,387,194,875 Shares in Treasury FEMSA Units Outstanding(1) 25,537,540 YTD 2Q26 YTD 2Q26 Net majority income 20,376 5,536 Net majority income 20,376 5,536 # FEMSA Units Outstanding(1) 3,412,732,415 # FEMSA Units Outstanding 3,387,194,875 EPS (Mxn Ps. / Unit) 5.97 1.62 EPS (Mxn Ps. / Unit) 6.02 1.63 (1) FEMSA Units Outstanding consist of FEMSA BD Units and FEMSA B Units. The number of FEMSA Units outstanding is equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5. (2) At our Shareholders meeting held on March 27 of 2026, the cancellation of the shares acquired from the stock repurchase program during the period from April 2025 to March 2026 was approved. The total FEMSA Units Cancelled are for the amount of 56,737,112 units.
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July 28, 2026 | Page 17 OXXO Mexico – Results of Operations Amounts expressed in millions of Mexican Pesos (Ps.) For the second quarter of: For the six months of: 2026 % of rev. 2025 % of rev. % Var. 2026 % of rev. 2025 % of rev. % Var. Total revenues 86,708 100.0 77,539 100.0 11.8 161,115 100.0 146,304 100.0 10.1 Cost of sales 47,843 55.2 42,267 54.5 13.2 87,892 54.6 80,192 54.8 9.6 Gross profit 38,865 44.8 35,272 45.5 10.2 73,223 45.4 66,112 45.2 10.8 Administrative expenses 2,035 2.3 2,104 2.7 (3.3) 4,263 2.6 4,053 2.8 5.2 Selling expenses 28,110 32.4 25,408 32.8 10.6 54,468 33.8 49,505 33.8 10.0 Other operating expenses (income), net 72 0.1 59 0.1 22.0 167 0.1 166 0.1 0.6 Income from operations 8,649 10.0 7,701 9.9 12.3 14,324 8.9 12,387 8.5 15.6 Depreciation 3,810 4.4 3,564 4.6 6.9 7,575 4.7 7,062 4.8 7.3 Amortization & other non-cash charges 780 0.9 367 0.5 112.5 1,923 1.2 727 0.5 164.5 Adjusted EBITDA 13,239 15.3 11,632 15.0 13.8 23,823 14.8 20,177 13.8 18.1 CAPEX 3,801 3,636 4.5 6,002 6,565 (8.6) Information of OXXO Stores Total stores 24,708 23,876 3.5 Net new convenience stores: vs. Last quarter 253 309 (18.1) Year-to-date 411 670 (38.7) Last-twelve-months 832 1,218 (31.7) Same-store data: (1) Sales (thousands of pesos) 1,101.7 1,006.5 9.5 1,027.7 952.8 7.9 Traffic (thousands of transactions) 17.2 16.9 2.0 16.4 16.3 0.8 Ticket (pesos) 64.1 59.7 7.4 62.7 58.6 7.0 (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. (1) Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included.
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July 28, 2026 | Page 18 Americas & Mobility – Results of Operations Amounts expressed in millions of Mexican Pesos (Ps.) For the second quarter of: For the six months of: 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) Total revenues 28,567 100.0 24,325 100.0 17.4 11.6 53,555 100.0 46,446 100.0 15.3 11.1 Cost of sales 23,970 83.9 20,393 83.8 17.5 44,661 83.4 39,108 84.2 14.2 Gross profit 4,597 16.1 3,932 16.2 16.9 5.5 8,894 16.6 7,338 15.8 21.2 12.9 Administrative expenses 620 2.2 488 2.0 27.0 1,344 2.5 1,006 2.2 33.6 Selling expenses 3,807 13.3 2,737 11.3 39.1 7,075 13.2 5,414 11.7 30.7 Other operating expenses (income), net 90 0.3 42 0.2 114.3 115 0.2 65 0.1 76.9 Income from operations 80 0.3 664 2.7 (88.0) (29.0) 361 0.7 853 1.8 (57.7) 8.1 Depreciation 840 2.9 583 2.4 44.1 1,516 2.8 1,174 2.5 29.1 Amortization & other non-cash charges 376 1.3 107 0.4 251.4 506 0.9 225 0.5 124.9 Adjusted EBITDA 1,296 4.5 1,354 5.6 (4.3) 5.7 2,382 4.4 2,252 4.8 5.8 16.8 CAPEX 344 222 55.0 629 425 48.0 Information of Stores Total stores 1,953 1,907 2.4 Stores Brazil 634 603 5.1 Stores Colombia 622 622 0.0 Stores Chile 242 234 3.4 Stores Peru 215 199 8.0 Stores USA 240 249 (3.6) Net new stores: vs. Last quarter 11 13 (15.4) Year-to-date 56 57 (1.8) Last-twelve-months 46 360 (87.2) Same-store data: (1) Sales (thousands of pesos) 1,141.2 1,024.8 11.4 17.6 1,094.6 1,011.7 8.2 16.6
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July 28, 2026 | Page 19 Currency Neutral Total Revenue Growth Total Unit Growth Same-Store Sales Growth(2) OXXO Americas 19.8 2.4% 17.6 Brazil(3) NA 5.1% 11.6 Latam(4) 25.3 2.3% 24.9 USA(5) 15.2 (3.6%) 0.4 Information of Gas Stations 2026 2025 % Var. Total stations 781 804 (2.9) Mexico 544 559 (2.7) USA 237 245 (3.3) Net new service stores: vs. Last quarter (1) (3) (66.7) Year-to-date (9) (12) (25.0) Last-twelve-months (23) 234 (109.8) Volume (millions of liters) total stations (6) 956.6 922.3 3.7 Unit margin (pesos per liter) (6) (7) 2.27 2.65 (14.5) (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. (1) Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included. (2) Same-store Sales OXXO Americas (Colombia, Chile, Peru and the U.S.A.). (3) Local currency (BRL). (4) Includes a weighted average of OXXO Colombia, Chile and Peru. (5) Local currency (USD). (6) Includes fuel operations in Mexico and in the US, with U.S. volumes converted to Liters. (7) For readers’ convenience in calculating the equivalent price in U.S. cents per gallon, please refer to the exchange rate of 17.4490 MXN per USD, as published by the Federal Reserve Bank of New York for June 30, 2026, and a conversion factor of 3.785 liters per US gallon.
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July 28, 2026 | Page 20 Europe – Results of Operations Amounts expressed in millions of Mexican Pesos (Ps.) For the second quarter of: For the six months of: 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) Total revenues 14,491 100.0 15,065 100.0 (3.8) 3.2 27,411 100.0 27,974 100.0 (2.0) 2.4 Cost of sales 8,670 59.8 8,832 58.6 (1.8) 16,227 59.2 16,310 58.3 (0.5) Gross profit 5,821 40.2 6,233 41.4 (6.6) 0.2 11,184 40.8 11,664 41.7 (4.1) 0.1 Administrative expenses 926 6.4 961 6.4 (3.6) 1,845 6.7 1,863 6.7 (1.0) Selling expenses 4,273 29.5 4,628 30.7 (7.7) 8,371 30.5 8,832 31.6 (5.2) Other operating expenses (income), net (16) (0.1) (43) (0.3) (62.8) (25) (0.1) (50) (0.2) (50.0) Income from operations 638 4.4 688 4.6 (7.3) (0.5) 993 3.6 1,019 3.6 (2.5) 2.7 Depreciation 1,322 9.1 1,384 9.2 (4.5) 2,643 9.6 2,703 9.7 (2.2) Amortization & other non-cash charges 190 1.3 107 0.7 77.6 317 1.2 207 0.7 53.1 Adjusted EBITDA 2,150 14.8 2,179 14.5 (1.3) 5.9 3,953 14.4 3,929 14.0 0.6 5.2 CAPEX 345 356 (3.1) 670 611 9.7 Information of Stores 2026 2025 % Var. % Comp.(A) Total stores 2,749 2,780 (1.1) Same-store data: (1) Sales (thousands of pesos) 1,930.0 2,046.7 (5.7) 1.9 1,826.1 1,908.9 (4.3) 0.9 (A) Refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. (1) Monthly average information per store. Same-store Sales reflect a weighted average from our foodservice and retail operations.
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July 28, 2026 | Page 21 Health – Results of Operations Amounts expressed in millions of Mexican Pesos (Ps.) For the second quarter of: For the six months of: 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) Total revenues 22,328 100.0 21,850 100.0 2.2 4.8 44,502 100.0 43,822 100.0 1.6 5.7 Cost of sales 16,398 73.4 15,354 70.3 6.8 32,763 73.6 30,873 70.5 6.1 Gross profit 5,930 26.6 6,496 29.7 (8.7) (5.1) 11,739 26.4 12,949 29.5 (9.3) (4.8) Administrative expenses 753 3.4 953 4.4 (21.0) 1,473 3.3 2,096 4.8 (29.7) Selling expenses 4,798 21.5 4,734 21.7 1.4 9,240 20.8 9,279 21.2 (0.4) Other operating expenses (income), net 32 0.1 (10) (0.0) (420.0) 24 0.1 (13) (0.0) (284.6) Income from operations 346 1.5 819 3.7 (57.7) (54.1) 1,003 2.3 1,585 3.6 (36.7) (30.6) Depreciation 939 4.2 895 4.1 4.9 1,880 4.2 1,834 4.2 2.5 Amortization & other non-cash charges 783 3.5 267 1.2 193.3 1,161 2.6 542 1.2 114.2 Adjusted EBITDA 2,069 9.3 1,981 9.1 4.4 9.4 4,044 9.1 3,962 9.0 2.1 8.1 CAPEX 262 356 (26.4) 440 613 (28.2) Information of Stores Total stores 4,584 4,321 6.1 Stores Mexico 1,284 1,311 (2.1) Stores South America 3,300 3,010 9.6 Net new stores: vs. Last quarter 57 (273) N.S Year-to-date 81 (340) N.S Last-twelve-months 263 (175) N.S Same-store data: (1) Sales (thousands of pesos) 1,036.3 1,029.5 0.7 6.2 1,035.6 1,032.3 0.3 6.7 Currency Neutral Total Revenue Growth Total Unit Growth Same-Store Sales Growth(6) Health(2) 4.8% 6.1 6.2 Mexico (7.8%) (2.1) (0.2) Chile(3) 9.3% 5.7 1.6 Colombia(4) 8.6% 9.9 24.3 Ecuador(5) 11.6% 13.3 5.5 (A) Please refer to page 12 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. (1) Monthly average information per location, considering same locations with more than twelve months of all the operations of the Health Division. (2) Local currency weighted average. (3) Local currency (CLP). (4) Local currency (COP). (5) Local currency (USD). (6) Only includes retail sales. In Ecuador, includes franchised stores
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July 28, 2026 | Page 22 Coca-Cola FEMSA – Results of Operations Amounts expressed in millions of Mexican Pesos (Ps.) For the second quarter of: For the six months of: 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) 2026 % of rev. 2025 % of rev. % Var. % Comp.(A) Total revenues 76,318 100.0 72,917 100.0 4.7 6.6 147,153 100.0 142,703 100.0 3.1 8.1 Cost of sales 40,380 52.9 39,875 54.7 1.3 78,000 53.0 77,987 54.6 0.0 Gross profit 35,938 47.1 33,042 45.3 8.8 10.7 69,153 47.0 64,716 45.4 6.9 11.9 Administrative expenses 3,957 5.2 3,957 5.4 - 7,917 5.4 7,549 5.3 4.9 Selling expenses 21,901 28.7 19,722 27.0 11.0 42,054 28.6 38,480 27.0 9.3 Other operating expenses (income), net (575) (0.8) (404) (0.6) 42.3 (496) (0.3) (299) (0.2) 65.9 Income from operations 10,654 14.0 9,767 13.4 9.1 11.1 19,678 13.4 18,986 13.3 3.6 8.2 Depreciation 3,432 4.5 3,160 4.3 8.6 6,834 4.6 6,259 4.4 9.2 Amortization & other non-cash charges 923 1.2 461 0.6 100.2 1,856 1.3 1,339 0.9 38.6 Adjusted EBITDA 15,009 19.7 13,388 18.4 12.1 14.4 28,367 19.3 26,584 18.6 6.7 12.0 CAPEX 4,057 5,419 (25.1) 7,218 9,640 (25.1) Sales Volumes (Millions of unit cases) Mexico and Central America 645.9 60.3 636.9 61.5 1.4 1,190.4 57.5 1,190.2 58.9 0.0 South America 146.7 13.7 133.1 12.9 10.2 294.6 14.2 271.0 13.4 8.7 Brazil 279.2 26.0 265.3 25.6 5.2 585.2 28.3 560.6 27.7 4.4 Total 1,071.8 100.0 1,035.3 100.0 3.5 2,070.2 100.0 2,021.8 100.0 2.4 (A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
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July 28, 2026 | Page 23 FEMSA Macroeconomic Information Inflation 2Q 2026 LTM (1) Jun-26 Mexico 0.04% 3.55% Colombia 0.59% 5.76% Brazil 1.04% 4.68% Argentina 4.49% 32.92% Chile 1.31% 4.33% Euro Zone -0.09% 3.28% Switzerland 0.32% 0.71% Average Exchange Rates for each Period Jun-26 Jun-25 Per USD Per MXN Per USD Per MXN Mexico 17.37 1.0000 19.07 1.0000 Colombia 3,504.64 0.0050 4,115.88 0.0046 Brazil 5.13 3.3884 5.55 3.4379 Argentina 1,450.88 0.0120 1,180.74 0.0162 Chile 903.38 0.0192 938.04 0.0203 Euro Zone 0.87 20.0350 0.87 21.9121 Switzerland 0.80 21.7399 0.81 23.4345 End-of-Period Exchange Rates Jun-26 Jun-25 Per USD Per MXN Per USD Per MXN Mexico 17.47 1.0000 18.89 1.0000 Colombia 3,443.59 0.0051 4,069.67 0.0046 Brazil 5.18 3.3748 5.46 3.4621 Argentina 1,482.00 0.0118 1,205.00 0.0157 Chile 922.21 0.0189 933.42 0.0202 Euro Zone 0.88 19.9648 0.86 22.0808 Switzerland 0.81 21.5812 0.80 23.6841 (1) LTM = Last twelve months.