UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF A FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2025
Commission File Number: 1-16269
AMÉRICA MÓVIL, S.A.B. DE C.V.
(Exact Name of the Registrant as Specified in its Charter)
America Mobile
(Translation of Registrant’s name into English)
Lago Zurich 245
Plaza Carso / Edificio Telcel, Piso 16
Colonia Ampliación Granada, Alcaldía Miguel Hidalgo
11529, Mexico City
Mexico
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F ☒ | Form 40-F ☐ |
This Report on Form 6‑K shall be deemed incorporated by reference into the Registrant’s
Registration Statement on Form F‑3ASR (File No. 333‑ 287731).
Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2025
| • | We added 2.9 million postpaid clients in the second quarter. Brazil contributed 1.4 million new contract clients, followed by Colombia with 199 thousand and Mexico with 102 thousand. Over the last twelve months to June we gained 8.7 million postpaid clients. Our prepaid platform registered 1.1 million net disconnections in the period mostly from Brazil, Chile and a clean-up in Honduras. However, Colombia added 229 thousand prepaid subscribers, Argentina 251 thousand and Mexico 83 thousand. In total we disconnected 3.0 million prepaid subs in the last twelve months. |
| • | In the fixed-line segment we connected 462 thousand new broadband accesses, with Mexico adding 231 thousand, followed by Brazil with 66 thousand and Central America with 51 thousand. |
| • | Second quarter revenue rose 13.8% year-on-year to 234 billion pesos. Service revenue was up 13.4% year-on-year in Mexican peso terms and 7.3% at constant exchange rates. |
| • | Mobile service revenue growth accelerated to a 7.0% pace at constant exchange rates from 5.7% the prior quarter on the back of stronger postpaid revenue growth: 9.5%. Prepaid revenue growth recovered to 3.1% from 0.9% the precedent quarter. |
| • | On the fixed-line platform corporate networks revenue was up 15.0% and PayTV revenue 10.1%, representing their best performance in several quarters, with broadband revenue growing 8.2%. |
| • | EBITDA came in at 92.4 billion pesos; it was up 11.2% year-on-year in Mexican peso terms and 5.1% at constant exchange rates. |
| • | Our operating profit stood at 47 billion pesos, a 4.0% increase from the year-earlier quarter. Our integral financial costs were down significantly on account of having registered 11 billion pesos in foreign exchange gains. This helped us post a net profit of 22.3 billion pesos in the quarter. Our net profit was equivalent to 37 peso cents per share and 38 dollar cents per ADR. |
| • | In the first half of the year our operating cash flow allowed us to cover 54.9 billion pesos in capital expenditures, 8.7 billion pesos in share buybacks and 2.7 billion pesos in labor obligations. It also allowed for a reduction of 7.3 billion pesos in our net debt. |
| • | At the end of June, our net debt—excluding leases—stood at 472 billion pesos. It was equivalent to a net debt-to-EBITDAaL ratio of 1.56 times. |
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| We will host our conference call to discuss 2Q25 financial and operating results on July 23 at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors |
| América Móvil Fundamentals | |||
| 2Q25 | 2Q24 | ||
| Earnings per Share (Mex$) (1) | 0.37 | -0.02 | |
| Earning per ADR (US$) (2) | 0.38 | -0.02 | |
| EBITDA per Share (Mex$) (3) | 1.52 | 1.34 | |
| EBITDA per ADR (US$) | 1.56 | 1.56 | |
| Net Income (millions of Mex$) | 22,282 | -1,093 | |
| Average Shares Outstanding (billion) | 60.6 | 61.9 | |
| Shares Outstanding End of Period (billion) | 60.4 | 61.7 | |
| (1) Net Income / Average Shares Outstanding (2) 20 shares per ADR (3) EBITDA / Average Shares Outstanding |
| América Móvil’s Subsidiaries as of June 2025 | ||||
| Country | Brand | Main Activity | Equity | |
| Mexico | Telcel | wireless | 100.0% | |
| Telmex | wireline | 100.0% | ||
| Argentina | Claro | wireless/wireline | 100.0% | |
| Austria | A1 | wireless/wireline | 60.8% | |
| EuroTeleSites | towers | 57.0% | ||
| Brazil | Claro | wireless/wireline | 99.6% | |
| Chile | Claro | wireless/wireline | 97.0% | |
| Colombia | Claro | wireless/wireline | 99.4% | |
| Costa Rica | Claro | wireless/wireline | 100.0% | |
| The Dominican Republic | Claro | wireless/wireline | 100.0% | |
| Ecuador | Claro | wireless/wireline | 100.0% | |
| El Salvador | Claro | wireless/wireline | 97.7% | |
| Guatemala | Claro | wireless/wireline | 99.3% | |
| Honduras | Claro | wireless/wireline | 100.0% | |
| Nicaragua | Claro | wireless/wireline | 99.6% | |
| Paraguay | Claro | wireless/wireline | 100.0% | |
| Peru | Claro | wireless/wireline | 100.0% | |
| Puerto Rico | Claro | wireless/wireline | 100.0% | |
| Uruguay | Claro | wireless | 100.0% | |
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Note
The reported figures for Argentina corresponding to the second quarter of 2025 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.
Relevant Events
Shareholders meeting
At our shareholders meeting in May we received approval for the following: 1) the allocation of an additional MXN 10 billion to our share buyback program, and 2) the payment of an ordinary dividend of MXN 0.52 per share, to be distributed in two installments: one on July 14th, which has been already payed) and the other on November 10th.
USD 500M bond and MxP 15.5Bn Global Peso-Denominated Notes
On June 30th we issued a USD 500 million bond maturing in January 2033 with a 5% coupon. The yield on the bond represented the tightest spread ever over U.S. Treasuries—85 basis points— not only by AMX itself but by any LATAM corporate, financial or quasi-sovereign across three-or- more year tenors.
On July 8th we executed multiple reopenings of our Global Peso-Denominated Notes Program which will help develop a more liquid market for our bonds. The reopening of the AMX29, AMX31, and AMX34 notes reached an aggregate amount of MXN 15.5 billion. Notes outstanding under our Global Peso Program now total 70 billion pesos.
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Access Lines
2.9M postpaid net adds
We added 2.9 million postpaid clients with Brazil contributing 1.4 million, followed by Colombia with 199 thousand and Mexico with 102 thousand.
On the prepaid platform we recorded net disconnections of 1.1 million, primarily from Brazil, Chile, and Central America, due to a subscriber clean-up in Honduras. However, Colombia added 229 thousand prepaid subscribers, Argentina 251 thousand, and Mexico 83 thousand. Altogether we gained 1.7 million wireless subscribers in the quarter.
462k new broadband accesses
In the fixed-line segment we gained 462 thousand broadband accesses, including 231 thousand in Mexico, 66 thousand in Brazil, and 51 thousand in Central America. Meanwhile, voice lines and PayTV units declined by 164 thousand and 61 thousand, respectively, during the quarter.
At the end of June we had 404 million accesses of which 137 million were postpaid clients and 78 million fixed-line RGUs.
Year-over-year our postpaid base increased 6.8% and fixed broadband accesses 4.5%.
| Wireless subscribers as of June 2025 | ||||||
| Total(1) (Thousands) | ||||||
| Country | Jun ’25 | Mar ’25 | Var.% | Jun ’24 | Var.% | |
| Austria and Eastern Europe(2) | 28,306 | 27,588 | 2.6% | 25,949 | 9.1% | |
| Brazil | 88,412 | 87,587 | 0.9% | 88,328 | 0.1% | |
| Central America | 16,952 | 17,386 | -2.5% | 16,786 | 1.0% | |
| Caribbean | 7,955 | 8,000 | -0.6% | 7,743 | 2.7% | |
| Colombia | 41,677 | 41,250 | 1.0% | 40,187 | 3.7% | |
| Peru | 12,793 | 12,749 | 0.3% | 12,662 | 1.0% | |
| Ecuador | 9,996 | 9,949 | 0.5% | 9,610 | 4.0% | |
| Mexico | 84,110 | 83,925 | 0.2% | 84,199 | -0.1% | |
| Southern Cone(3) | 35,455 | 35,486 | -0.1% | 34,015 | 4.2% | |
| Total Wireless Lines | 325,656 | 323,920 | 0.5% | 319,480 | 1.9% | |
| (1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. (2) Includes A1 Digital M2M subscribers. (3) Includes Argentina, Chile, Paraguay and Uruguay. | ||||||
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| Fixed-Line and Other Accesses (RGUs) as of June 2025 | ||||||
| Total(1) (Thousands) | ||||||
| Country | Jun ’25 | Mar ’25 | Var.% | Jun ’24 | Var.% | |
| Austria and Eastern Europe | 6,395 | 6,379 | 0.3% | 6,283 | 1.8% | |
| Brazil | 22,032 | 22,265 | -1.0% | 22,697 | -2.9% | |
| Central America | 5,417 | 5,310 | 2.0% | 5,027 | 7.8% | |
| Caribbean | 2,878 | 2,861 | 0.6% | 2,827 | 1.8% | |
| Colombia | 9,634 | 9,625 | 0.1% | 9,521 | 1.2% | |
| Ecuador | 672 | 620 | 8.4% | 560 | 20.0% | |
| Mexico | 22,327 | 22,090 | 1.1% | 21,724 | 2.8% | |
| Peru | 1,952 | 1,953 | -0.1% | 1,904 | 2.5% | |
| Southern Cone(2) | 7,150 | 7,117 | 0.5% | 6,983 | 2.4% | |
| Total RGUs | 78,457 | 78,220 | 0.3% | 77,526 | 1.2% | |
| (1) Includes total accesses of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. Includes fixed-line, broadband and television (Cable & DTH) accesses. (2) Includes Argentina, Chile, Paraguay and Uruguay. | ||||||
| Broadband accesses as of June 2025 | ||||||
| Total(1) (Thousands) | ||||||
| Country | Jun ’25 | Mar ’25 | Var.% | Jun ’24 | Var.% | |
| Austria and Eastern Europe | 2,833 | 2,816 | 0.6% | 2,761 | 2.6% | |
| Brazil | 10,444 | 10,378 | 0.6% | 10,145 | 2.9% | |
| Central America | 1,788 | 1,737 | 2.9% | 1,603 | 11.6% | |
| Caribbean | 1,117 | 1,102 | 1.4% | 1,073 | 4.2% | |
| Colombia | 3,467 | 3,447 | 0.6% | 3,406 | 1.8% | |
| Ecuador | 382 | 362 | 5.6% | 333 | 14.6% | |
| Mexico | 11,605 | 11,374 | 2.0% | 10,962 | 5.9% | |
| Peru | 1,089 | 1,076 | 1.2% | 1,027 | 6.0% | |
| Southern Cone(2) | 3,196 | 3,169 | 0.9% | 3,073 | 4.0% | |
| Total Broadband Accesses | 35,921 | 35,460 | 1.3% | 34,383 | 4.5% | |
| (1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. (2) Includes Argentina, Chile, Paraguay and Uruguay. | ||||||
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América Móvil Consolidated Results
The second quarter was characterized by significant uncertainty associated with the tariffs the U.S. government seeks to impose on merchandise imports. Whereas this uncertainty did not have much of an impact on interest rate volatility during the period—the ten year Treasury notes ended the first quarter at 4.21% and the second quarter at 4.23%—it did weigh on the value of the U.S. dollar which during the period fell against most currencies in our region of operation: 7.0% vs. the Mexican peso, 5.0% vs. the Brazilian real; 2.9% vs the Colombian peso; 2.1% vs. the Chilean peso and 8.2% vs. the euro.
In Mexican peso terms our second quarter revenue totaled 234 billion pesos, a 13.8% year-on-year increase, which partly reflects the depreciation over that period of the Mexican peso vs. most of the currencies in our region of operations, and the consolidation of our Chilean operation from November 2024. EBITDA came in at 92.4 billion pesos, up 11.2% and our operating profit at 47 billion pesos, a 4.0% increase from the year-earlier quarter, as the depreciation of rights of use associated with tower leases jumped 24.5% on account of the extension of certain lease arrangements and the consolidation of the Chilean operation.
At constant exchange rates we posted our strongest revenue performance in over a year, a 7.9% increase. Our revenue expansion was broad-based across business lines and also across countries, with service revenue growth moving up to 7.3% and that of equipment revenue to 12.5%. On the mobile platform postpaid service revenue expanded 9.5%, also the best result in over a year, with prepaid revenue growth recovering to 3.1% from 0.9% the precedent quarter. On the fixed-line platform corporate networks revenue and PayTV revenue were up 15.0% and 10.1% respectively, representing also their best performance in several quarters, with broadband revenue decelerating slightly sequentially, to 8.2% from 9.8%. Mexico, Colombia and Peru were the countries that had the greatest impact on the sequential acceleration of revenue growth, but it is to be noted that Central America and Eastern Europe are expanding much more rapidly now than they were a year ago. As for EBITDA it was up 5.1% at constant exchange rates from the year-earlier quarter.
Our integral financial costs were down significantly on account of our having registered 11 billion pesos in foreign exchange gains. This helped us post a net profit of 22.3 billion pesos in the quarter. Our net profit was equivalent to 37 peso cents per share and 38 dollar cents per ADR.
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Our net debt totaled 472 billion pesos at the end of June excluding capitalized lease obligations, having come down from 484 billion at the end of December. The net debt to EBITDA ratio stood at 1.56 times at the end of the quarter. In cash flow terms our net debt fell by 7.3 billion pesos in the six months to June. In that period our capital expenditures amounted to 54.9 billion pesos; our shareholder distributions to 9.4 billion pesos—including 8.7 billion pesos in share buybacks—and we covered 2.7 billion pesos in labor obligations.
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| América Móvil’s Income Statement Millions of Mexican pesos | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Service Revenue | 198,540 | 175,138 | 13.4% | 396,463 | 346,028 | 14.6% | |
| Equipment Revenue | 32,911 | 28,050 | 17.3% | 64,678 | 58,013 | 11.5% | |
| Other Revenue | 2,334 | 2,336 | -0.1% | 4,682 | 4,781 | -2.1% | |
| Total Revenue | 233,785 | 205,524 | 13.8% | 465,823 | 408,822 | 13.9% | |
| Cost of Service | 59,636 | 52,154 | 14.3% | 119,293 | 104,074 | 14.6% | |
| Cost of Equipment | 28,442 | 23,815 | 19.4% | 56,306 | 49,731 | 13.2% | |
| Selling, General & Administrative Expenses | 51,860 | 44,690 | 16.0% | 103,799 | 88,289 | 17.6% | |
| Others | 1,436 | 1,750 | -18.0% | 2,967 | 3,030 | -2.1% | |
| Total Costs and Expenses | 141,375 | 122,410 | 15.5% | 282,365 | 245,124 | 15.2% | |
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| EBITDA | 92,409 | 83,114 | 11.2% | 183,458 | 163,698 | 12.1% | |
| % of Total Revenue | 39.5% | 40.4% | 39.4% | 40.0% | |||
| Adjusted EBITDA(1) | 183,458 | 163,442 | 12.2% | ||||
| % of Total Revenue | 39.4% | 40.0% | |||||
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| Depreciation & Amortization | 45,071 | 37,606 | 19.8% | 91,306 | 77,432 | 17.9% | |
| EBIT | 47,338 | 45,508 | 4.0% | 92,152 | 86,266 | 6.8% | |
| % of Total Revenue | 20.2% | 22.1% | 19.8% | 21.1% | |||
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| Net Interest Expenses | 13,725 | 11,668 | 17.6% | 26,435 | 22,946 | 15.2% | |
| Other Financial Expenses | 4,967 | -3,574 | 239.0% | 4,517 | -2,819 | 260.2% | |
| Foreign Exchange Loss | -10,962 | 32,117 | -134.1% | -9,783 | 33,791 | -129.0% | |
| Comprehensive Financing Cost (Income) | 7,729 | 40,210 | -80.8% | 21,169 | 53,918 | -60.7% | |
| Income & Deferred Taxes | 16,026 | 4,278 | 274.6% | 27,714 | 15,439 | 79.5% | |
| Net Income before Minority Interest and Equity Participation in Results of Affiliates | 23,583 | 1,020 | n.m. | 43,270 | 16,909 | 155.9% | |
| Equity Participation in Results of Affiliates | 39 | -1,144 | 103.4% | 66 | -2,725 | 102.4% | |
| Minority Interest | -1,340 | -968 | -38.4% | -2,351 | -1,783 | -31.9% | |
| Net Income | 22,282 | -1,093 | n.m. | 40,985 | 12,401 | 230.5% | |
| (1)Adjusted for extraordinary items, particularly the sale of towers by Telmex in the first quarter of 2024. n.m. Not meaningful. | |||||||
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| Balance Sheet - América Móvil Consolidated(1) Millions of Mexican Pesos |
| Jun '25 | Dec '24 | Var.% | Jun '25 | Dec '24 | Var.% | ||||
| Current Assets | Current Liabilities | ||||||||
| Cash, Marketable Securities & Other Short Term Investments | 92,730 | 83,336 | 11.3% | Short Term Debt | 111,033 | 104,211 | 6.5% | ||
| Accounts Receivable | 243,617 | 231,791 | 5.1% | Lease-Related Debt | 32,791 | 35,437 | -7.5% | ||
| Other Current Assets | 24,953 | 14,820 | 68.4% | Accounts Payable | 140,485 | 155,697 | -9.8% | ||
| Inventories | 26,115 | 23,751 | 9.9% | Other Current Liabilities | 235,208 | 199,056 | 18.2% | ||
| 387,415 | 353,698 | 9.5% | 519,516 | 494,401 | 5.1% | ||||
| Non Current Assets | Non Current Liabilities | ||||||||
| Plant & Equipment, gross | 1,519,134 | 1,478,763 | 2.7% | Long Term Debt | 453,681 | 463,375 | -2.1% | ||
| -Depreciation | 817,514 | 764,979 | 6.9% | Lease-Related Debt | 171,012 | 177,666 | -3.7% | ||
| Plant & Equipment, net | 701,620 | 713,784 | -1.7% | Other Liabilities | 225,931 | 226,294 | -0.2% | ||
| Rights of Use | 189,044 | 199,460 | -5.2% | 850,624 | 867,336 | -1.9% | |||
| Investments in Affiliates and Other Investments | 20,597 | 17,587 | 17.1% | ||||||
| Deferred Assets | |||||||||
| Goodwill (Net) | 162,023 | 156,836 | 3.3% | ||||||
| Intangible Assets | 141,225 | 141,737 | -0.4% | Shareholder's Equity | 444,884 | 432,184 | 2.9% | ||
| Deferred Assets | 213,099 | 210,818 | 1.1% | ||||||
| Total Assets | 1,815,024 | 1,793,921 | 1.2% | Total Liabilities and Equity | 1,815,024 | 1,793,921 | 1.2% |
| (1)Includes current portion of Long Term Debt. |
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Mexico
102k postpaid gains and 231k new broadband accesses
We added 185 thousand new wireless subscribers in the second quarter, including 102 thousand postpaid clients, bringing our total wireless base to 84.1 million at the end of June. On the fixed- line side we recorded 231 thousand net broadband additions. Telmex ended the quarter with 22.3 million fixed-line RGUs including 11.6 million broadband accesses, a 5.9% increase year-over- year.
Service revenue +3.9% YoY
Revenue in our home market was up 4.7% from the previous year driven by an improvement in service revenue growth which rose to 3.9% in the second quarter from 1.0% in the first quarter. It also marked a significant rebound in equipment revenue growth, to 9.2% in the second quarter from the -14.3% contraction observed in the previous one.
Mobile service revenue +4.0% YoY
In the mobile segment service revenue expanded 4.0%, up from 0.8% in the previous quarter. Postpaid revenue growth accelerated to 7.8% pace from 5.5%, while prepaid revenue swung from a -2.5% decline in the first quarter to 1.2% growth in the second one.
Fixed-line service revenue +3.6% YoY
Fixed-line service revenue also accelerated, growing 3.6% compared to 1.5% in the previous quarter. The main driver of revenue growth was corporate revenue, which expanded 10.8% year- over-year, with broadband revenue rising 3.6%.
EBITDA margin at 42% of revenue
EBITDA for the period, 35 billion pesos, remained mostly unchanged in absolute terms, with the EBITDA margin standing at 41.6% of revenue.
In June, América Móvil announced that its subsidiary, Telcel, was fined MXN 1.8 billion by Mexico’s Federal Telecommunications Institute (IFT). The fine resulted from a 2021 investigation initiated following a competitor’s complaint, which alleged that Telcel engaged in anti-competitive practices in the sale and distribution of SIM cards through convenience stores. Telcel has denied the accusations, describing the fine as arbitrary, disproportionate, and based on a biased and unsubstantiated investigation.
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| INCOME STATEMENT - Mexico Millions of MxP | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 84,180 | 80,379 | 4.7% | 166,287 | 164,377 | 1.2% | |
| Total Service Revenue | 67,489 | 64,983 | 3.9% | 133,614 | 130,433 | 2.4% | |
| Wireless Revenue | 60,863 | 57,855 | 5.2% | 119,655 | 118,664 | 0.8% | |
| Service Revenue | 46,010 | 44,259 | 4.0% | 90,764 | 88,651 | 2.4% | |
| Equipment Revenue | 14,853 | 13,596 | 9.2% | 28,891 | 30,013 | -3.7% | |
| Fixed Line Revenue(2) | 21,552 | 20,794 | 3.6% | 43,006 | 41,920 | 2.6% | |
| Other Revenue | 1,765 | 1,730 | 2.0% | 3,627 | 3,793 | -4.4% | |
| EBITDA | 35,019 | 34,987 | 0.1% | 69,428 | 70,629 | -1.7% | |
| % total revenue | 41.6% | 43.5% | 41.8% | 43.0% | |||
| Adjusted EBITDA(3) | 69,428 | 70,373 | -1.3% | ||||
| % total revenue | 41.8% | 42.9% | |||||
| EBIT | 26,683 | 26,594 | 0.3% | 52,579 | 53,900 | -2.4% | |
| % total revenue | 31.7% | 33.1% | 31.6% | 32.8% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. (2)Includes equipment revenue. (3)Adjusted for the sale of towers in Telmex in 2024. | |||||||
| Mexico Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 84,110 | 84,199 | -0.1% | |
| Postpaid | 15,686 | 15,202 | 3.2% | |
| Prepaid | 68,424 | 68,997 | -0.8% | |
| ARPU (MxP) | 183 | 177 | 3.5% | |
| Churn (%) | 3.0% | 3.0% | 0.0 | |
| Revenue Generating Units (RGUs) | 22,327 | 21,724 | 2.8% | |
| Fixed Lines | 10,722 | 10,763 | -0.4% | |
| Broadband | 11,605 | 10,962 | 5.9% |
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Brazil
1.4M postpaid net adds & 66k new broadband accesses
We gained 1.4 million postpaid subscribers and disconnected 571 thousand prepaid users for a net gain of 825 thousand in the second quarter. At the end of June our wireless base totaled 88.4 million subscribers. On the fixed-line segment we recorded net disconnections of 233 thousand fixed-line RGUs, primarily of fixed voice lines as broadband accesses increasing 66 thousand.
Service revenue +5.8% YoY boosted by mobile service revenue
Revenue expanded 6.1% to 12.8 billion reais with service revenue up 5.8%. On the mobile platform service revenue growth accelerated to 9.1% from 8.8% in the previous quarter, driven by a turnaround in prepaid revenue, which increased 4.0% after several quarters of declines.
Broadband revenue +3.9% YoY
Fixed-line service revenue was up 1.5% reflecting a slowdown in broadband revenue growth to 3.9% from 5.1% the previous quarter. Corporate network revenue increased 6.7% year-on-year.
EBITDA +8.4% YoY
EBITDA expanded 8.4% to 5.6 billion reais. The EBITDA margin for the period, 44.1%, was one percentage point higher than that of the year-earlier quarter.
| INCOME STATEMENT - Brazil Millions of BrL | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 12,779 | 12,044 | 6.1% | 25,239 | 23,773 | 6.2% | |
| Total Service Revenue | 12,111 | 11,450 | 5.8% | 23,976 | 22,640 | 5.9% | |
| Wireless Revenue | 7,672 | 7,033 | 9.1% | 15,028 | 13,789 | 9.0% | |
| Service Revenue | 7,035 | 6,449 | 9.1% | 13,817 | 12,685 | 8.9% | |
| Equipment Revenue | 637 | 584 | 9.1% | 1,211 | 1,104 | 9.8% | |
| Fixed Line Revenue(2) | 5,087 | 5,001 | 1.7% | 10,169 | 9,955 | 2.1% | |
| EBITDA | 5,631 | 5,195 | 8.4% | 11,122 | 10,275 | 8.2% | |
| % total revenue | 44.1% | 43.1% | 44.1% | 43.2% | |||
| EBIT | 2,470 | 2,049 | 20.5% | 4,796 | 3,989 | 20.2% | |
| % total revenue | 19.3% | 17.0% | 19.0% | 16.8% | |||
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
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| Brazil Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 88,412 | 88,328 | 0.1% | |
| Postpaid | 56,279 | 52,950 | 6.3% | |
| Prepaid | 32,133 | 35,377 | -9.2% | |
| ARPU (BrL) | 27 | 24 | 9.0% | |
| Churn (%) | 2.6% | 2.4% | 0.2 | |
| Revenue Generating Units (RGUs)(1) | 22,032 | 22,697 | -2.9% | |
| Fixed Lines | 7,036 | 7,662 | -8.2% | |
| Broadband | 10,444 | 10,145 | 2.9% | |
| PayTV | 4,553 | 4,890 | -6.9% | |
| (1) Fixed Line, Broadband and Television. | ||||
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Colombia
199k postpaid net adds
We gained 428 thousand wireless subscribers in the quarter, including nearly 200 thousand postpaid users, with our wireless base reaching 41.7 million subscribers at the end of June, a 3.7% year-over-year increase. On the fixed-line platform we added nine thousand RGUs, resulting from 20 thousand new broadband accesses and the disconnection of 12 thousand PayTV units. We closed the period with 9.6 million fixed-line RGUs.
Service revenue +6.1% YoY
Second-quarter revenue rose 7.6% on the back of strong service revenue growth, which accelerated to 6.1% from 3.4% in the previous quarter. This improvement was seen across both our fixed and mobile platforms. In the mobile segment, we continued to benefit from strong commercial activity around our 5G network, where we remain the clear market leader. This helped us accelerate service revenue growth to 7.4% from 6.0% in the prior quarter. Prepaid revenue was up 8.4% year-over-year, while postpaid revenue expanded 6.9%.
Fixed-line service revenue +4.2% YoY
On the fixed-line platform the deployment of FTTH and our efforts to enhance the customer experience led to a significant turnaround in service revenue, which expanded 4.2% year-over- year compared to a -0.3% decline the previous quarter. It was driven by broadband revenue growth of 7.3% and a 19.3% increase in corporate network revenue.
EBITDA +3.0% YoY
EBITDA for the period reached 1.6 trillion Colombian pesos, a 3.0% increase from the previous year. The EBITDA margin declined to 39.4% from 41.2% a year earlier due, among other things, to the creation of provisions associated with certain litigations
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| INCOME STATEMENT - Colombia Billions of COP | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 4,128 | 3,836 | 7.6% | 8,143 | 7,629 | 6.7% | |
| Total Service Revenue | 3,132 | 2,953 | 6.1% | 6,183 | 5,903 | 4.7% | |
| Wireless Revenue | 2,798 | 2,560 | 9.3% | 5,518 | 5,070 | 8.8% | |
| Service Revenue | 1,881 | 1,752 | 7.4% | 3,717 | 3,484 | 6.7% | |
| Equipment Revenue | 917 | 808 | 13.6% | 1,800 | 1,586 | 13.5% | |
| Fixed Line Revenue(2) | 1,289 | 1,226 | 5.1% | 2,551 | 2,468 | 3.4% | |
| EBITDA | 1,628 | 1,580 | 3.0% | 3,215 | 3,130 | 2.7% | |
| % total revenue | 39.4% | 41.2% | 39.5% | 41.0% | |||
| EBIT | 725 | 725 | 0.0% | 1,409 | 1,423 | -0.9% | |
| % total revenue | 17.6% | 18.9% | 17.3% | 18.6% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2)Includes equipment revenue. | |||||||
| Colombia Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands)(1) | 41,677 | 40,187 | 3.7% | |
| Postpaid | 11,223 | 10,526 | 6.6% | |
| Prepaid | 30,454 | 29,662 | 2.7% | |
| ARPU (COP) | 15,210 | 14,697 | 3.5% | |
| Churn (%) | 2.6% | 3.2% | (0.6) | |
| Revenue Generating Units (RGUs)(2) | 9,634 | 9,521 | 1.2% | |
| (1)Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC). (2)Fixed Line, Broadband and Television. | ||||
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Peru
129k postpaid net adds
During the quarter we recorded net postpaid additions of 129 thousand subscribers and disconnected 85 thousand prepaid subscribers, bringing our total wireless base to 12.8 million as of the end of June. On the fixed-line side, we maintained nearly two million RGUs, a figure that remained virtually unchanged from the previous quarter, as the 13 thousand new broadband accesses gained in the period were offset by disconnections in fixed-voice services.
Service revenue +5.1% YoY
Revenue reached 1.7 billion soles, a 4.7% increase compared to the same period last year. Service revenue growth accelerated to a pace of 5.1%, up from 4.5% in the first quarter, with improvements on both the mobile and fixed segments.
Mobile service revenue +6.4% YoY
In the mobile segment, service revenue rose 6.4%, compared to 5.8% in the previous quarter with prepaid revenue expanding at nearly twice the pace of postpaid. On the fixed-line side service revenue increased 1.3% year-over-year, up from 0.6% in the prior quarter. This was driven by a 7.8% increase in corporate network revenue, followed by broadband growth of 2.8%.
EBITDA +10.4% YoY
Thanks to the greater operating leverage, EBITDA rose 10.4% to 679 million soles. The EBITDA margin improved by 2.0 percentage points year-over-year, reaching 39.6%
| INCOME STATEMENT - Peru Millions of Soles | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 1,716 | 1,638 | 4.7% | 3,371 | 3,245 | 3.9% | |
| Total Service Revenue | 1,344 | 1,279 | 5.1% | 2,669 | 2,546 | 4.8% | |
| Wireless Revenue | 1,375 | 1,306 | 5.2% | 2,697 | 2,585 | 4.4% | |
| Service Revenue | 1,018 | 957 | 6.4% | 2,021 | 1,905 | 6.1% | |
| Equipment Revenue | 357 | 350 | 2.0% | 677 | 680 | -0.5% | |
| Fixed Line Revenue(2) | 326 | 322 | 1.3% | 648 | 642 | 1.0% | |
| EBITDA | 679 | 615 | 10.4% | 1,336 | 1,223 | 9.2% | |
| % total revenue | 39.6% | 37.5% | 39.6% | 37.7% | |||
| EBIT | 358 | 288 | 24.5% | 690 | 568 | 21.4% | |
| % total revenue | 20.9% | 17.6% | 20.5% | 17.5% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2)Includes equipment revenue. | |||||||
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| Peru Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 12,793 | 12,662 | 1.0% | |
| Postpaid | 6,639 | 6,179 | 7.4% | |
| Prepaid | 6,154 | 6,483 | -5.1% | |
| ARPU (Sol) | 27 | 25 | 5.4% | |
| Churn (%) | 4.1% | 4.1% | (0.1) | |
| Revenue Generating Units (RGUs)(1) | 1,952 | 1,904 | 2.5% | |
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Ecuador
48k wireless net adds
Our wireless base ended June with almost ten million subscribers, following net additions of 48 thousand during the quarter. On the fixed-line side we added 52 thousand RGUs, bringing the total to 672 thousand fixed-line RGUs a 20% year-on-year increase.
Fixed-line service revenue +4.1% YoY
Revenue reached 257 million dollars. Service revenue remained virtually unchanged compared to the previous year, with mobile service revenue declining 0.4%, in line with the first quarter, and fixed-line service revenue increasing 4.1%, up from 0.8% the prior quarter.
EBITDA +2.0% YoY
We continued to make extraordinary efforts to optimize our cost structure. These efforts led to a 2.0% increase in EBITDA year-over-year to 127 million dollars and a 1.5 percentage point improvement in the EBITDA margin, which reached 49.4%.
| INCOME STATEMENT - Ecuador Millions of Dollars | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 257 | 260 | -1.0% | 512 | 511 | 0.1% | |
| Total Service Revenue | 228 | 228 | 0.1% | 451 | 452 | -0.1% | |
| Wireless Revenue | 228 | 229 | -0.4% | 454 | 453 | 0.2% | |
| Service Revenue | 200 | 201 | -0.4% | 397 | 398 | -0.5% | |
| Equipment Revenue | 28 | 28 | -0.3% | 57 | 55 | 4.8% | |
| Fixed Line Revenue(2) | 29 | 27 | 6.3% | 56 | 54 | 4.3% | |
| EBITDA | 127 | 125 | 2.0% | 251 | 247 | 1.7% | |
| % total revenue | 49.4% | 47.9% | 49.1% | 48.3% | |||
| EBIT | 71 | 69 | 1.7% | 139 | 138 | 0.9% | |
| % total revenue | 27.5% | 26.7% | 27.1% | 26.9% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2)Includes equipment revenue. | |||||||
| Ecuador Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 9,996 | 9,610 | 4.0% | |
| Postpaid | 2,310 | 2,266 | 1.9% | |
| Prepaid | 7,686 | 7,344 | 4.7% | |
| ARPU (US$) | 7 | 7 | -4.5% | |
| Churn (%) | 5.4% | 2.7% | 2.7 | |
| Revenue Generating Units (RGUs)(1) | 672 | 560 | 20.0% | |
| (1)Fixed Line, Broadband and Television. | ||||
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Southern Cone
Across our Southern Cone operations we recorded net disconnections of 31 thousand wireless subscribers despite adding 231 thousand postpaid clients. By the end of June, our wireless base totaled 35.5 million subscribers, representing a 4.2% increase year-over-year. On the fixed- line platform, we added 32 thousand RGUs, bringing the total to 7.2 million, up 2.4% from the previous year.
Argentina
All comments for Argentina related to annual variations of the presented period refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29.
Service revenue +13.0% YoY
Argentina’s economy continued its recovery, supported by fiscal discipline, monetary stabilization, and a flexible exchange rate regime. With inflation easing, Claro maintained strong performance. Total revenue rose 9.9%, while service revenue increased 13.0% in after- inflation terms.
Mobile service revenue +11.4% YoY & EBITDA +15.1% YoY
On the mobile platform, service revenue grew 11.4%, driven by a 61.8% annual increase in prepaid revenue. In the fixed-line segment, service revenue rose 19.4%, with PayTV and broadband revenues expanding 30.1% and 16.9%, respectively.
EBITDA for the period increased 15.1% in real terms, and the EBITDA margin improved by 1.8 percentage points, reaching 41.2%.
Chile, Paraguay & Uruguay
Service revenue +2.2% YoY & EBITDA +6.8% YoY
Revenue for this regional block grew 6.4% year-over-year to 322 billion Chilean pesos, with service revenue increasing 2.2%, reversing a 0.7% decline in the previous quarter. Mobile service revenue accelerated from 5.6% in the first quarter to 8.3% in the second. Postpaid revenue grew more than twice as fast as prepaid, though both segments showed similar improvements compared to the prior quarter.
On the fixed-line platform, the decline in service revenue moderated from -5.1% to -2.1%, supported by 13.1% growth in corporate network revenue.
Combined EBITDA rose 6.8% to 62.5 billion Chilean pesos with the EBITDA margin holding steady at 19.4% of revenue.
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| INCOME STATEMENT - Argentina Millions of Constant ARS as of June 2025 | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 633,865 | 576,688 | 9.9% | 1,264,680 | 1,070,399 | 18.2% | |
| Total Service Revenue | 570,111 | 504,714 | 13.0% | 1,131,263 | 928,895 | 21.8% | |
| Wireless Revenue | 512,752 | 475,692 | 7.8% | 1,024,578 | 882,465 | 16.1% | |
| Service Revenue | 450,421 | 404,453 | 11.4% | 893,191 | 741,963 | 20.4% | |
| Equipment Revenue | 62,330 | 71,240 | -12.5% | 131,387 | 140,502 | -6.5% | |
| Fixed Line Revenue(2) | 119,689 | 100,262 | 19.4% | 238,073 | 186,932 | 27.4% | |
| EBITDA | 260,949 | 226,800 | 15.1% | 514,767 | 415,358 | 23.9% | |
| % total revenue | 41.2% | 39.3% | 40.7% | 38.8% | |||
| EBIT | 231,848 | 205,450 | 12.8% | 458,402 | 368,866 | 24.3% | |
| % total revenue | 36.6% | 35.6% | 36.2% | 34.5% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. (2)Includes equipment revenue. | |||||||
| INCOME STATEMENT - Chile, Paraguay & Uruguay(1) Millions of Chilean Pesos | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(2) | 321,927 | 302,459 | 6.4% | 636,386 | 609,711 | 4.4% | |
| Total Service Revenue | 278,019 | 272,000 | 2.2% | 554,362 | 550,357 | 0.7% | |
| EBITDA | 62,453 | 58,451 | 6.8% | 123,131 | 100,003 | 23.1% | |
| % total revenue | 19.4% | 19.3% | 19.3% | 16.4% | |||
| EBIT | -83,761 | -80,956 | -3.5% | -171,312 | -152,791 | -12.1% | |
| % total revenue | -26.0% | -26.8% | -26.9% | -25.1% | |||
| (1)Proforma financial figures for Chile. (2)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue. | |||||||
| Southern Cone Operating Data(1) | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 35,455 | 34,015 | 4.2% | |
| Postpaid | 14,840 | 13,982 | 6.1% | |
| Prepaid | 20,615 | 20,033 | 2.9% | |
| Churn (%) | 2.2% | 2.2% | 0.0 | |
| Revenue Generating Units (RGUs)(2) | 7,150 | 6,983 | 2.4% | |
| (1)Includes information for Argentina, Chile, Paraguay and Uruguay. (2)Fixed Line, Broadband and Television. | ||||
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Central America
90k postpaid net adds
Our wireless base in Central America ended June just under 17 million subscribers. We recorded 435 thousand disconnections, primarily due to a cleanup of mostly prepaid users in Honduras. However, we added 90 thousand new contract clients. On the fixed-line side we added 108 thousand new RGUs, including 51 thousand broadband accesses and 31 thousand PayTV subscriptions, bringing the total to 5.4 million fixed-line accesses.
Service revenue +10.7% YoY
Total revenue for the quarter reached 721 million dollars, a 10.1% increase year-over-year. Service revenue grew slightly faster at 10.7%, with strong performance in both mobile and fixed segments.
Mobile service revenue +12.8% YoY
Mobile service revenue rose 12.8% compared to the previous year, with postpaid revenue growing 14.0% and prepaid revenue increasing 12.0%. Although comparisons with the previous quarter are not meaningful due to a disrupted base, the trend is clearly positive when compared to the last two quarters of 2024.
Broadband revenue +10.2% YoY
Fixed-line service revenue increased 6.3% year-over-year, supported by improvements across all business lines. Broadband revenue rose 10.2%, corporate revenue 7.4%, and PayTV revenue 5.5%. Our ongoing modernization of the fixed-line network has significantly enhanced service quality and customer experience.
EBITDA +20.8% YoY
EBITDA for the period surged 20.8%, driven by strong top-line growth and operating leverage, reaching 339 million dollars. This represented an EBITDA margin of 47.0%, up 4.2 percentage points from the previous year.
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| Other South | ||
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| Exchange | ||
| Rates | ||
| Appendix | ||
| Glossary |
| INCOME STATEMENT - Central America Millions of Dollars | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 721 | 655 | 10.1% | 1,423 | 1,258 | 13.1% | |
| Total Service Revenue | 639 | 577 | 10.7% | 1,262 | 1,118 | 12.9% | |
| Wireless Revenue | 515 | 457 | 12.8% | 1,012 | 865 | 17.0% | |
| Service Revenue | 437 | 387 | 12.8% | 860 | 741 | 16.1% | |
| Equipment Revenue | 78 | 69 | 12.8% | 152 | 125 | 22.3% | |
| Fixed Line Revenue(2) | 203 | 194 | 4.2% | 403 | 386 | 4.6% | |
| EBITDA | 339 | 280 | 20.8% | 669 | 524 | 27.6% | |
| % total revenue | 47.0% | 42.8% | 47.0% | 41.7% | |||
| EBIT | 175 | 128 | 37.0% | 346 | 233 | 48.5% | |
| % total revenue | 24.3% | 19.5% | 24.3% | 18.5% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues includes other revenue. (2)Includes equipment revenue. | |||||||
| Central America Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 16,952 | 16,786 | 1.0% | |
| Postpaid | 2,968 | 2,656 | 11.7% | |
| Prepaid | 13,983 | 14,130 | -1.0% | |
| ARPU (US$) | 8 | 8 | 8.9% | |
| Churn (%) | 6.1% | 5.7% | 0.4 | |
| Revenue Generating Units (RGUs)(1) | 5,417 | 5,027 | 7.8% | |
| (1)Fixed Line, Broadband and Television. | ||||
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| Appendix | ||
| Glossary |
The Caribbean
65k wireless net adds in the Dominican Republic
We ended the quarter with eight million wireless subscribers across the Caribbean, following net additions of 65 thousand in the Dominican Republic and disconnections of 111 thousand in Puerto Rico, all of which were prepaid. On the fixed-line side we added 17 thousand new RGUs, bringing the total to 2.9 million.
EBITDA +3.7% YoY in the Dominican Republic
Revenue increased 1.7%, driven by service revenue growth of 2.0%. Fixed-line service revenue rose 3.6%, with broadband revenue growth accelerating to 12.4%, up from 11.6% in the previous quarter. Corporate network revenue normalized to 5.3% growth, following an unusually strong performance in the prior quarter due to a special IT project. EBITDA increased 3.7% year-over- year, and the EBITDA margin improved by one percentage point, reaching 52.5%.
Fixed-line service revenue +3.9% YoY in Puerto Rico
Revenue continued to decline as government subsidies were phased out, though at a more moderate pace. Service revenue fell 0.7% year-over-year, improving from a 2.9% decline in the previous quarter. On the mobile platform, service revenue declined 4.1%, while on the fixed- line platform, it rose 3.9%, driven by strong growth in PayTV revenue (up 69.3%) and broadband revenue (up 9.5%). The EBITDA decline also moderated, falling 6.5%, compared to a 19.7% drop in the previous quarter.
| INCOME STATEMENT - The Caribbean Millions of Dollars | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 479 | 481 | -0.4% | 954 | 967 | -1.3% | |
| Total Service Revenue | 425 | 424 | 0.3% | 845 | 850 | -0.6% | |
| Wireless Revenue | 298 | 302 | -1.4% | 591 | 611 | -3.2% | |
| Service Revenue | 243 | 247 | -1.7% | 481 | 498 | -3.4% | |
| Equipment Revenue | 55 | 55 | 0.3% | 110 | 113 | -2.3% | |
| Fixed Line Revenue(2) | 184 | 181 | 1.8% | 367 | 360 | 2.1% | |
| EBITDA | 178 | 177 | 0.6% | 349 | 359 | -2.7% | |
| % total revenue | 37.2% | 36.8% | 36.6% | 37.1% | |||
| EBIT | 85 | 82 | 3.0% | 165 | 169 | -2.1% | |
| % total revenue | 17.7% | 17.1% | 17.3% | 17.5% | |||
| (1)Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income. (2)Includes equipment revenue. | |||||||
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| Appendix | ||
| Glossary |
| The Caribbean Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 7,955 | 7,743 | 2.7% | |
| Postpaid | 2,367 | 2,273 | 4.1% | |
| Prepaid | 5,587 | 5,470 | 2.2% | |
| ARPU (US$) | 10 | 11 | -5.7% | |
| Churn (%) | 3.4% | 3.1% | 0.3 | |
| Revenue Generating Units (RGUs)(1) | 2,878 | 2,827 | 1.8% | |
| (1)Fixed Line, Broadband and Television. | ||||
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| Appendix | ||
| Glossary |
Austria and Eastern Europe
Our combined wireless subscriber base in Europe reached 28.3 million by the end of June, following net additions of 161 thousand subscribers and 557 thousand M2M units from A1 Digital. In the fixed-line segment, RGUs increased by 16 thousand, bringing the total to 6.4 million.
Service revenue +1.8% YoY
Total revenue for the Group reached 1.4 billion euros, a 4.1% increase compared to the same period last year. Service revenue grew 1.8%, with mobile revenue up 2.4% and fixed-line revenue rising 1.1%. The fastest-growing business lines were PayTV, up 9.4%, and corporate networks, up 7.4%, followed by postpaid, which increased 2.9%. Service revenue growth soared 7.2% in our Central Eastern European markets and declined 2.5% in Austria.
EBITDA +3.4% YoY
EBITDA rose 3.4% year-over-year to 521 million euros, with the EBITDA margin at 38.0%. It’s worth noting that operating expenses in the year-earlier quarter included one-off effects totaling 21 million euros. Adjusting for these, EBITDA would have declined by 0.7%.
| INCOME STATEMENT - Austria and Eastern Europe Millions of Euros | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Total Revenue(1) | 1,370 | 1,316 | 4.1% | 2,685 | 2,583 | 3.9% | |
| Total Service Revenue | 1,145 | 1,124 | 1.8% | 2,253 | 2,195 | 2.6% | |
| Wireless Revenue | 810 | 774 | 4.7% | 1,587 | 1,525 | 4.0% | |
| Service Revenue | 642 | 627 | 2.4% | 1,257 | 1,223 | 2.8% | |
| Equipment Revenue | 168 | 147 | 14.4% | 330 | 303 | 9.0% | |
| Fixed Line Revenue(2) | 536 | 519 | 3.3% | 1,055 | 1,013 | 4.1% | |
| EBITDA | 521 | 504 | 3.4% | 999 | 959 | 4.2% | |
| % total revenue | 38.0% | 38.3% | 37.2% | 37.1% | |||
| EBIT | 217 | 218 | -0.6% | 401 | 396 | 1.2% | |
| % total revenue | 15.8% | 16.6% | 14.9% | 15.3% | |||
| For further detail please visit www.a1.group/en/investor-relations (1)Total revenue includes other revenue. (2)Includes equipment revenue. | |||||||
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| Appendix | ||
| Glossary |
| Austria and Eastern Europe Operating Data | ||||
| 2Q25 | 2Q24 | Var.% | ||
| Wireless Subscribers (thousands) | 28,306 | 25,949 | 9.1% | |
| Postpaid | 24,701 | 22,232 | 11.1% | |
| Prepaid | 3,605 | 3,717 | -3.0% | |
| A1 Digital Subscribers (thousands) | 7,923 | 5,785 | 37.0% | |
| ARPU (Euros) | 8 | 8 | -6.2% | |
| Churn (%) | 1.0% | 1.2% | -0.1 | |
| Revenue Generating Units (RGUs)(1) | 6,395 | 6,283 | 1.8% | |
| (1) Fixed Line, Broadband and Television. | ||||
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| Currency | ||
| Exchange | ||
| Rates | ||
| Appendix | ||
| Glossary |
| Exchange Rates Local Currency Units per MxP | |||||||
| 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | ||
| Euro | |||||||
| End of Period | 0.0449 | 0.0512 | -12.3% | 0.0449 | 0.0512 | -12.3% | |
| Average | 0.0451 | 0.0540 | -16.5% | 0.0458 | 0.0541 | -15.4% | |
| USD | |||||||
| End of Period | 0.0529 | 0.0549 | -3.6% | 0.0529 | 0.0549 | -3.6% | |
| Average | 0.0511 | 0.0581 | -12.0% | 0.0500 | 0.0585 | -14.4% | |
| Brazilian Real | |||||||
| End of Period | 0.2888 | 0.3051 | -5.3% | 0.2888 | 0.3051 | -5.3% | |
| Average | 0.2899 | 0.3030 | -4.3% | 0.2882 | 0.2972 | -3.0% | |
| Argentinean Peso | |||||||
| End of Period | 63.7809 | 50.0508 | 27.4% | 63.7809 | 50.0508 | 27.4% | |
| Average | 58.8145 | 51.4693 | 14.3% | 55.1953 | 50.2822 | 9.8% | |
| Chilean Peso | |||||||
| End of Period | 49.4061 | 51.8256 | -4.7% | 49.4061 | 51.8256 | -4.7% | |
| Average | 48.4359 | 54.3024 | -10.8% | 47.8081 | 54.9660 | -13.0% | |
| Colombian Peso | |||||||
| End of Period | 215.4085 | 228.1975 | -5.6% | 215.4085 | 228.1975 | -5.6% | |
| Average | 214.4929 | 228.0668 | -6.0% | 209.8237 | 229.2598 | -8.5% | |
| Guatemalan Quetzal | |||||||
| End of Period | 0.4067 | 0.4264 | -4.6% | 0.4067 | 0.4264 | -4.6% | |
| Average | 0.3930 | 0.4514 | -12.9% | 0.3851 | 0.4555 | -15.4% | |
| Peruvian Sol | |||||||
| End of Period | 0.1878 | 0.2106 | -10.8% | 0.1878 | 0.2106 | -10.8% | |
| Average | 0.1872 | 0.2176 | -14.0% | 0.1842 | 0.2195 | -16.1% | |
| Dominican Republic Peso | |||||||
| End of Period | 3.1726 | 3.2506 | -2.4% | 3.1726 | 3.2506 | -2.4% | |
| Average | 3.0518 | 3.4344 | -11.1% | 3.0532 | 3.4534 | -11.6% | |
| Belarusian Ruble | |||||||
| End of Period | 0.1570 | 0.1508 | 4.1% | 0.1570 | 0.1508 | 4.1% | |
| Average | 0.1550 | 0.1597 | -2.9% | 0.1523 | 0.1607 | -5.2% | |
| Content | ||
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| events | ||
| Subscribers | ||
| América | ||
| Móvil | ||
| Consolidated | ||
| Mexico | ||
| Brazil | ||
| Colombia | ||
| Other South | ||
| America | ||
| Central | ||
| America | ||
| and The | ||
| Caribbean | ||
| Austria and | ||
| Eastern | ||
| Europe | ||
| Currency |  | |
| Exchange | ||
| Rates | ||
| Appendix | ||
| Glossary |
| Exchange Rates Local Currency Units per USD | |||||||
| | 2Q25 | 2Q24 | Var.% | Jan-Jun 25 | Jan-Jun 24 | Var.% | |
| Euro | |||||||
| End of Period | 0.8484 | 0.9334 | -9.1% | 0.8484 | 0.9334 | -9.1% | |
| Average | 0.8813 | 0.9291 | -5.1% | 0.9146 | 0.9250 | -1.1% | |
| Mexican Peso | |||||||
| End of Period | 18.8928 | 18.2215 | 3.7% | 18.8928 | 18.2215 | 3.7% | |
| Average | 19.5585 | 17.2135 | 13.6% | 19.9915 | 17.1058 | 16.9% | |
| Brazilean Real | |||||||
| End of Period | 5.4571 | 5.5589 | -1.8% | 5.4571 | 5.5589 | -1.8% | |
| Average | 5.6693 | 5.2161 | 8.7% | 5.7610 | 5.0836 | 13.3% | |
| Argentinean Peso | |||||||
| End of Period | 1,205.0000 | 912.0000 | 32.1% | 1,205.0000 | 912.0000 | 32.1% | |
| Average | 1,150.3253 | 885.9688 | 29.8% | 1,103.4347 | 860.1153 | 28.3% | |
| Chilean Peso | |||||||
| End of Period | 933.4200 | 944.3400 | -1.2% | 933.4200 | 944.3400 | -1.2% | |
| Average | 947.3348 | 934.7367 | 1.3% | 955.7528 | 940.2350 | 1.7% | |
| Colombian Peso | |||||||
| End of Period | 4,069.6700 | 4,158.1000 | -2.1% | 4,069.6700 | 4,158.1000 | -2.1% | |
| Average | 4,195.1642 | 3,925.8360 | 6.9% | 4,194.6825 | 3,921.6607 | 7.0% | |
| Guatemalan Quetzal | |||||||
| End of Period | 7.6845 | 7.7687 | -1.1% | 7.6845 | 7.7687 | -1.1% | |
| Average | 7.6869 | 7.7708 | -1.1% | 7.6995 | 7.7908 | -1.2% | |
| Peruvian Sol | |||||||
| End of Period | 3.5490 | 3.8370 | -7.5% | 3.5490 | 3.8370 | -7.5% | |
| Average | 3.6605 | 3.7459 | -2.3% | 3.6826 | 3.7540 | -1.9% | |
| Dominican Republic Peso | |||||||
| End of Period | 59.9400 | 59.2300 | 1.2% | 59.9400 | 59.2300 | 1.2% | |
| Average | 59.6886 | 59.1175 | 1.0% | 61.0381 | 59.0724 | 3.3% | |
| Content | ||
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| events | ||
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| América | ||
| Móvil | ||
| Consolidated | ||
| Mexico | ||
| Brazil | ||
| Colombia | ||
| Other South | ||
| America | ||
| Central | ||
| America | ||
| and The | ||
| Caribbean | ||
| Austria and | ||
| Eastern | ||
| Europe | ||
| Currency | | |
| Exchange | ||
| Rates | ||
| Appendix | ||
| Glossary |
Appendix A
| Financial Debt of América Móvil(1) Millions | |||
| Jun -25 | Dec -24 | ||
| Peso - denominated debt (MxP) | 123,330 | 130,585 | |
| Bonds(2) | 113,370 | 120,205 | |
| Banks and others | 9,960 | 10,380 | |
| U.S. Dollar - denominated debt (USD) | 10,380 | 10,254 | |
| Bonds | 9,550 | 9,094 | |
| Banks and others | 830 | 1,160 | |
| Euro - denominated Debt (EUR) | 4,298 | 4,318 | |
| Bonds | 2,782 | 2,782 | |
| Commercial Paper | 1,286 | 1,246 | |
| Banks and others | 230 | 290 | |
| Sterling - denominated Debt (GBP) | 2,200 | 2,200 | |
| Bonds | 2,200 | 2,200 | |
| Reais - denominated Debt (BRL) | 10,000 | 10,000 | |
| Bonds | 10,000 | 10,000 | |
| Banks and others | 0 | 0 | |
| Debt denominated in other currencies (MxP)(3) | 57,869 | 50,852 | |
| Bonds | 5,679 | 5,581 | |
| Banks and others | 52,189 | 45,271 | |
| Total Debt (MxP) | 564,714 | 568,482 | |
| Cash, Marketable Securities and Short Term Financial Investments (MxP)(4) | 92,730 | 83,336 | |
| Net Debt (MxP) | 471,985 | 485,146 | |
| (1)This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria. (2)Includes the effect of inflation-linked debt. (3)Includes Chilean peso, Colombian peso, Dominican peso, Japanese yen and Peruvian soles. (4)Includes fixed income securities. | |||
| Summary Cash Flow Millions of Mexican pesos | ||
| Jan-Jun 25 | Jan-Jun 24 | |
| Funds from Operations | 74,972 | 66,788 |
| Capital Expenditures | 54,919 | 56,208 |
| Free Cash Flow | 20,054 | 10,580 |
| Net Debt Amortizations | 7,274 | (14,278) |
| Dividends and Share Buybacks | 9,387 | 11,352 |
| Sale of Ownership Interest | 677 | 678 |
| Amortization of Labor Obligations | 2,717 | 12,828 |
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| Mexico | ||
| Brazil | ||
| Colombia | ||
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| America | ||
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| America | ||
| and The | ||
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| Austria and | ||
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| Currency | ||
| Exchange | ||
| Rates | ||
| ||
| Appendix | ||
| Glossary |
| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated | ||||||
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 | ||
[210000] Statement of financial position, current/non-current
| Concept | Close Current Quarter 2025-06-30 | Close Previous Exercise 2024-12-31 | |||
| Statement of financial position [abstract] | |||||
| Assets [abstract] | |||||
| Current assets [abstract] | |||||
| Cash and cash equivalents | 45,645,139,000 | 36,652,098,000 | |||
| Trade and other current receivables | 180,550,389,000 | 171,616,822,000 | |||
| Current tax assets, current | 57,515,951,000 | 50,900,914,000 | |||
| Other current financial assets | 53,993,750,000 | 57,352,147,000 | |||
| Current inventories | 26,114,622,000 | 23,751,457,000 | |||
| Current biological assets | 0 | 0 | |||
| Other current non-financial assets | 23,595,153,000 | 13,424,395,000 | |||
| Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners | 387,415,004,000 | 353,697,833,000 | |||
| Non-current assets or disposal groups classified as held for sale or as held for distribution to owners | 0 | 0 | |||
| Total current assets | 387,415,004,000 | 353,697,833,000 | |||
| Non-current assets [abstract] | |||||
| Trade and other non-current receivables | 10,232,599,000 | 9,394,158,000 | |||
| Current tax assets, non-current | 21,696,126,000 | 19,576,372,000 | |||
| Non-current inventories | 0 | 0 | |||
| Non-current biological assets | 0 | 0 | |||
| Other non-current financial assets | 16,479,124,000 | 13,908,873,000 | |||
| Investments accounted for using equity method | 0 | 0 | |||
| Investments in subsidiaries, joint ventures and associates | 4,117,802,000 | 3,678,383,000 | |||
| Property, plant and equipment | 701,620,100,000 | 713,784,429,000 | |||
| Investment property | 0 | 0 | |||
| Right-of-use assets that do not meet definition of investment property | 189,044,455,000 | 199,460,378,000 | |||
| Goodwill | 162,023,020,000 | 156,836,369,000 | |||
| Intangible assets other than goodwill | 141,225,007,000 | 141,736,581,000 | |||
| Deferred tax assets | 149,465,081,000 | 153,217,164,000 | |||
| Other non-current non-financial assets | 31,705,596,000 | 28,630,417,000 | |||
| Total non-current assets | 1,427,608,910,000 | 1,440,223,124,000 | |||
| Total assets | 1,815,023,914,000 | 1,793,920,957,000 | |||
| Equity and liabilities [abstract] | |||||
| Liabilities [abstract] | |||||
| Current liabilities [abstract] | |||||
| Trade and other current payables | 217,766,858,000 | 199,646,519,000 | |||
| Current tax liabilities, current | 76,087,202,000 | 75,887,223,000 | |||
| Other current financial liabilities | 127,435,094,000 | 126,396,447,000 | |||
| Current lease liabilities | 32,790,622,000 | 35,436,851,000 | |||
| Other current non-financial liabilities | 0 | 0 | |||
| Current provisions [abstract] | |||||
| Current provisions for employee benefits | 24,553,243,000 | 18,183,111,000 | |||
| Other current provisions | 40,883,392,000 | 38,850,726,000 | |||
| Total current provisions | 65,436,635,000 | 57,033,837,000 | |||
| Total current liabilities other than liabilities included in disposal groups classified as held for sale | 519,516,411,000 | 494,400,877,000 | |||
| Liabilities included in disposal groups classified as held for sale | 0 | 0 | |||
| Total current liabilities | 519,516,411,000 | 494,400,877,000 | |||
| Non-current liabilities [abstract] | |||||
| Trade and other non-current payables | 20,996,488,000 | 19,897,575,000 | |||
| Current tax liabilities, non-current | 0 | 0 |
11 of 65
| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated | ||||||
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 | ||
| Concept | Close Current Quarter 2025-06-30 | Close Previous Exercise 2024-12-31 | |||
| Other non-current financial liabilities | 453,681,191,000 | 463,374,893,000 | |||
| Non-current lease liabilities | 171,011,925,000 | 177,666,377,000 | |||
| Other non-current non-financial liabilities | 0 | 0 | |||
| Non-current provisions [abstract] | |||||
| Non-current provisions for employee benefits | 164,272,779,000 | 167,152,441,000 | |||
| Other non-current provisions | 11,894,366,000 | 11,512,779,000 | |||
| Total non-current provisions | 176,167,145,000 | 178,665,220,000 | |||
| Deferred tax liabilities | 28,766,992,000 | 27,731,694,000 | |||
| Total non-current liabilities | 850,623,741,000 | 867,335,759,000 | |||
| Total liabilities | 1,370,140,152,000 | 1,361,736,636,000 | |||
| Equity [abstract] | |||||
| Issued capital | 95,354,454,000 | 95,356,548,000 | |||
| Share premium | 0 | 0 | |||
| Treasury shares | 0 | 0 | |||
| Retained earnings | 518,348,087,000 | 517,248,667,000 | |||
| Other reserves | (234,858,805,000) | (243,519,865,000) | |||
| Total equity attributable to owners of parent | 378,843,736,000 | 369,085,350,000 | |||
| Non-controlling interests | 66,040,026,000 | 63,098,971,000 | |||
| Total equity | 444,883,762,000 | 432,184,321,000 | |||
| Total equity and liabilities | 1,815,023,914,000 | 1,793,920,957,000 |
12 of 65
| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated | ||||||
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 | ||
[310000] Statement of comprehensive income, profit or loss, by function of expense
| Concept | Accumulated Current Year 2025-01-01 - 2025- 06-30 | Accumulated Previous Year 2024-01-01 - 2024- 06-30 | Quarter Current Year 2025-04-01 - 2025- 06-30 | Quarter Previous Year 2024-04-01 - 2024- 06-30 | |||||
| Profit or loss [abstract] | |||||||||
| Profit (loss) [abstract] | |||||||||
| Revenue | 465,822,529,000 | 408,822,059,000 | 233,784,628,000 | 205,524,499,000 | |||||
| Cost of sales | 266,904,407,000 | 231,237,070,000 | 133,149,623,000 | 113,575,563,000 | |||||
| Gross profit | 198,918,122,000 | 177,584,989,000 | 100,635,005,000 | 91,948,936,000 | |||||
| Distribution costs | 68,593,337,000 | 58,265,145,000 | 34,375,834,000 | 29,428,432,000 | |||||
| Administrative expenses | 35,205,503,000 | 30,024,151,000 | 17,484,605,000 | 15,262,037,000 | |||||
| Other income | 0 | 0 | 0 | 0 | |||||
| Other expense | 2,967,096,000 | 3,029,629,000 | 1,436,196,000 | 1,750,413,000 | |||||
| Profit (loss) from operating activities | 92,152,186,000 | 86,266,064,000 | 47,338,370,000 | 45,508,054,000 | |||||
| Finance income | 15,946,852,000 | 9,194,553,000 | 12,699,063,000 | 5,762,148,000 | |||||
| Finance costs | 37,115,671,000 | 63,112,687,000 | 20,428,226,000 | 45,972,265,000 | |||||
| Share of profit (loss) of associates and joint ventures accounted for using equity method | 65,817,000 | (2,725,088,000) | 39,192,000 | (1,144,052,000) | |||||
| Profit (loss) before tax | 71,049,184,000 | 29,622,842,000 | 39,648,399,000 | 4,153,885,000 | |||||
| Tax income (expense) | 27,713,607,000 | 15,438,979,000 | 16,026,127,000 | 4,277,895,000 | |||||
| Profit (loss) from continuing operations | 43,335,577,000 | 14,183,863,000 | 23,622,272,000 | (124,010,000) | |||||
| Profit (loss) from discontinued operations | 0 | 0 | 0 | 0 | |||||
| Profit (loss) | 43,335,577,000 | 14,183,863,000 | 23,622,272,000 | (124,010,000) | |||||
| Profit (loss), attributable to [abstract] | |||||||||
| Profit (loss), attributable to owners of parent | 40,984,685,000 | 12,401,046,000 | 22,281,942,000 | (1,092,502,000) | |||||
| Profit (loss), attributable to non-controlling interests | 2,350,892,000 | 1,782,817,000 | 1,340,330,000 | 968,492,000 | |||||
| Earnings per share [text block] | |||||||||
| Earnings per share [abstract] | |||||||||
| Earnings per share [line items] | |||||||||
| Basic earnings per share [abstract] | |||||||||
| Basic earnings (loss) per share from continuing operations | 0.67 | 0.2 | 0.37 | (0.02) | |||||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | 0 | 0 | |||||
| Total basic earnings (loss) per share | 0.67 | 0.2 | 0.37 | (0.02) | |||||
| Diluted earnings per share [abstract] | |||||||||
| Diluted earnings (loss) per share from continuing operations | 0.67 | 0.2 | 0.37 | (0.02) | |||||
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | 0 | 0 | |||||
| Total diluted earnings (loss) per share | 0.67 | 0.2 | 0.37 | (0.02) |
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| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated |
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 |
[410000] Statement of comprehensive income, OCI components presented net of tax
| Concept | Accumulated Current Year 2025-01-01 - 2025-06-30 | Accumulated Previous Year 2024-01-01 - 2024-06-30 | Quarter Current Year 2025-04-01 - 2025-06-30 | Quarter Previous Year 2024-04-01 - 2024-06-30 | |||||
| Statement of comprehensive income [abstract] | |||||||||
| Profit (loss) | 43,335,577,000 | 14,183,863,000 | 23,622,272,000 | (124,010,000) | |||||
| Other comprehensive income [abstract] | |||||||||
| Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract] | |||||||||
| Other comprehensive income, net of tax, gains (losses) from investments in equity instruments | 918,677,000 | 4,567,736,000 | (3,863,841,000) | 4,695,517,000 | |||||
| Other comprehensive income, net of tax, gains (losses) on revaluation | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans | 6,972,827,000 | (82,068,000) | 6,989,379,000 | 22,823,000 | |||||
| Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity instruments | 0 | 0 | 0 | 0 | |||||
| Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax | 0 | 0 | 0 | 0 | |||||
| Total other comprehensive income that will not be reclassified to profit or loss, net of tax | 7,891,504,000 | 4,485,668,000 | 3,125,538,000 | 4,718,340,000 | |||||
| Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract] | |||||||||
| Exchange differences on translation [abstract] | |||||||||
| Gains (losses) on exchange differences on translation, net of tax | 4,322,497,000 | 22,913,810,000 | (19,457,929,000) | 29,472,820,000 | |||||
| Reclassification adjustments on exchange differences on translation, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, exchange differences on translation | 4,322,497,000 | 22,913,810,000 | (19,457,929,000) | 29,472,820,000 | |||||
| Available-for-sale financial assets [abstract] | |||||||||
| Gains (losses) on remeasuring available-for-sale financial assets, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on available-for-sale financial assets, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, available-for-sale financial assets | 0 | 0 | 0 | 0 | |||||
| Cash flow hedges [abstract] | |||||||||
| Gains (losses) on cash flow hedges, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on cash flow hedges, net of tax | 0 | 0 | 0 | 0 | |||||
| Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, cash flow hedges | 0 | 0 | 0 | 0 | |||||
| Hedges of net investment in foreign operations [abstract] | |||||||||
| Gains (losses) on hedges of net investments in foreign operations, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on hedges of net investments in foreign operations, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, hedges of net investments in foreign operations | 0 | 0 | 0 | 0 | |||||
| Change in value of time value of options [abstract] | |||||||||
| Gains (losses) on change in value of time value of options, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on change in value of time value of options, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, change in value of time value of options | 0 | 0 | 0 | 0 | |||||
| Change in value of forward elements of forward contracts [abstract] | |||||||||
| Gains (losses) on change in value of forward elements of forward contracts, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on change in value of forward elements of forward contracts, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, change in value of forward elements of | 0 | 0 | 0 | 0 |
14 of 65
| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated |
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 |
| Concept | Accumulated Current Year 2025-01-01 - 2025-06-30 | Accumulated Previous Year 2024-01-01 - 2024-06-30 | Quarter Current Year 2025-04-01 - 2025-06-30 | Quarter Previous Year 2024-04-01 - 2024-06-30 | |||||
| forward contracts | |||||||||
| Change in value of foreign currency basis spreads [abstract] | |||||||||
| Gains (losses) on change in value of foreign currency basis spreads, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on change in value of foreign currency basis spreads, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, change in value of foreign currency basis spreads | 0 | 0 | 0 | 0 | |||||
| Financial assets measured at fair value through other comprehensive income [abstract] | |||||||||
| Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax | 0 | 0 | 0 | 0 | |||||
| Reclassification adjustments on financial assets measured at fair value through other comprehensive income, net of tax | 0 | 0 | 0 | 0 | |||||
| Amounts removed from equity and adjusted against fair value of financial assets on reclassification out of fair value through other comprehensive income measurement category, net of tax | 0 | 0 | 0 | 0 | |||||
| Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income | 0 | 0 | 0 | 0 | |||||
| Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax | 0 | 0 | 0 | 0 | |||||
| Total other comprehensive income that will be reclassified to profit or loss, net of tax | 4,322,497,000 | 22,913,810,000 | (19,457,929,000) | 29,472,820,000 | |||||
| Total other comprehensive income | 12,214,001,000 | 27,399,478,000 | (16,332,391,000) | 34,191,160,000 | |||||
| Total comprehensive income | 55,549,578,000 | 41,583,341,000 | 7,289,881,000 | 34,067,150,000 | |||||
| Comprehensive income attributable to [abstract] | |||||||||
| Comprehensive income, attributable to owners of parent | 50,071,999,000 | 37,129,353,000 | 4,984,119,000 | 28,830,597,000 | |||||
| Comprehensive income, attributable to non-controlling interests | 5,477,579,000 | 4,453,988,000 | 2,305,762,000 | 5,236,553,000 |
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| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated |
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 |
[520000] Statement of cash flows, indirect method
| Concept | Accumulated Current Year 2025-01-01 - 2025-06-30 | Accumulated Previous Year 2024-01-01 - 2024-06-30 | |||
| Statement of cash flows [abstract] | |||||
| Cash flows from (used in) operating activities [abstract] | |||||
| Profit (loss) | 43,335,577,000 | 14,183,863,000 | |||
| Adjustments to reconcile profit (loss) [abstract] | |||||
| + Discontinued operations | 0 | 0 | |||
| + Adjustments for income tax expense | 27,713,607,000 | 15,438,979,000 | |||
| + (-) Adjustments for finance costs | 7,850,553,000 | 42,317,160,000 | |||
| + Adjustments for depreciation and amortisation expense | 91,305,527,000 | 77,432,004,000 | |||
| + Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss | 0 | 0 | |||
| + Adjustments for provisions | 12,965,224,000 | 10,026,659,000 | |||
| + (-) Adjustments for unrealised foreign exchange losses (gains) | 0 | 0 | |||
| + Adjustments for share-based payments | 0 | 0 | |||
| + (-) Adjustments for fair value losses (gains) | 0 | 0 | |||
| - Adjustments for undistributed profits of associates | 0 | 0 | |||
| + (-) Adjustments for losses (gains) on disposal of non-current assets | 159,669,000 | 111,510,000 | |||
| (65,817,000) | 2,725,088,000 | ||||
| + (-) Adjustments for decrease (increase) in inventories | (2,460,645,000) | (3,749,667,000) | |||
| + (-) Adjustments for decrease (increase) in trade accounts receivable | (16,149,061,000) | (6,879,597,000) | |||
| + (-) Adjustments for decrease (increase) in other operating receivables | (11,487,014,000) | (12,736,952,000) | |||
| + (-) Adjustments for increase (decrease) in trade accounts payable | (7,385,037,000) | (7,766,850,000) | |||
| + (-) Adjustments for increase (decrease) in other operating payables | (6,378,755,000) | (20,731,684,000) | |||
| + Other adjustments for non-cash items | 0 | 0 | |||
| + Other adjustments for which cash effects are investing or financing cash flow | 0 | 0 | |||
| + Straight-line rent adjustment | 0 | 0 | |||
| + Amortization of lease fees | 0 | 0 | |||
| + Setting property values | 0 | 0 | |||
| + (-) Other adjustments to reconcile profit (loss) | 0 | 0 | |||
| + (-) Total adjustments to reconcile profit (loss) | 96,068,251,000 | 96,186,650,000 | |||
| Net cash flows from (used in) operations | 139,403,828,000 | 110,370,513,000 | |||
| - Dividends paid | 0 | 0 | |||
| 0 | 0 | ||||
| - Interest paid | 0 | 0 | |||
| + Interest received | 1,306,416,000 | 2,123,818,000 | |||
| + (-) Income taxes refund (paid) | 29,506,571,000 | 21,613,000,000 | |||
| + (-) Other inflows (outflows) of cash | 0 | 0 | |||
| Net cash flows from (used in) operating activities | 111,203,673,000 | 90,881,331,000 | |||
| Cash flows from (used in) investing activities [abstract] | |||||
| + Cash flows from losing control of subsidiaries or other businesses | 0 | 0 | |||
| - Cash flows used in obtaining control of subsidiaries or other businesses | 178,939,000 | 0 | |||
| + Other cash receipts from sales of equity or debt instruments of other entities | 0 | 0 | |||
| - Other cash payments to acquire equity or debt instruments of other entities | 420,590,000 | 7,724,000 | |||
| + Other cash receipts from sales of interests in joint ventures | 0 | 0 | |||
| - Other cash payments to acquire interests in joint ventures | 0 | 0 | |||
| + Proceeds from sales of property, plant and equipment | 154,726,000 | 173,796,000 | |||
| - Purchase of property, plant and equipment | 48,306,687,000 | 48,298,505,000 | |||
| + Proceeds from sales of intangible assets | 0 | 0 | |||
| - Purchase of intangible assets | 6,611,930,000 | 7,909,424,000 | |||
| + Proceeds from sales of other long-term assets | 0 | 0 | |||
| - Purchase of other long-term assets | 0 | 0 |
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| AMERICA MOVIL, S.A.B. DE C.V. | Consolidated |
| Ticker: | AMX | Quarter: | 2 | Year: | 2025 |
| Concept | Accumulated Current Year 2025-01-01 - 2025-06-30 | Accumulated Previous Year 2024-01-01 - 2024-06-30 | |||
| + Proceeds from government grants | 0 | 0 | |||
| - Cash advances and loans made to other parties | 0 | 0 | |||
| + Cash receipts from repayment of advances and loans made to other parties | 0 | 0 | |||
| - Cash payments for futures contracts, forward contracts, option contracts and swap contracts | (3,766,279,000) | 1,092,158,000 | |||
| + Cash receipts from futures contracts, forward contracts, option contracts and swap contracts | 0 | 0 | |||
| + Dividends received | 1,546,072,000 | 1,213,540,000 | |||
| - Interest paid | 0 | 0 | |||
| + Interest received | 0 | 0 | |||
| 0 | 0 | ||||
| + (-) Other inflows (outflows) of cash | (1,167,002,000) | (6,724,752,000) | |||
| Net cash flows from (used in) investing activities | (51,218,071,000) | (62,645,227,000) | |||
| Cash flows from (used in) financing activities [abstract] | |||||
| + Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control | 0 | 0 | |||
| - Payments from changes in ownership interests in subsidiaries that do not result in loss of control | 238,566,000 | 1,571,662,000 | |||
| + Proceeds from issuing shares | 0 | 0 | |||
| + Proceeds from issuing other equity instruments | 0 | 0 | |||
| - Payments to acquire or redeem entity's shares | 8,654,375,000 | 12,535,774,000 | |||
| - Payments of other equity instruments | 0 | 0 | |||
| + Proceeds from borrowings | 94,531,705,000 | 153,851,733,000 | |||
| - Repayments of borrowings | 92,040,113,000 | 127,710,133,000 | |||
| - Payments of finance lease liabilities | 0 | 0 | |||
| - Payments of lease liabilities | 25,992,817,000 | 21,830,255,000 | |||
| + Proceeds from government grants | 0 | 0 | |||
| - Dividends paid | 2,299,230,000 | 18,558,000 | |||
| - Interest paid | 16,236,922,000 | 13,786,146,000 | |||
| + (-) Income taxes refund (paid) | 0 | 0 | |||
| + (-) Other inflows (outflows) of cash | 0 | 0 | |||
| Net cash flows from (used in) financing activities | (50,930,318,000) | (23,600,795,000) | |||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 9,055,284,000 | 4,635,309,000 | |||
| Effect of exchange rate changes on cash and cash equivalents [abstract] | |||||
| Effect of exchange rate changes on cash and cash equivalents | (62,243,000) | 53,569,000 | |||
| Net increase (decrease) in cash and cash equivalents | 8,993,041,000 | 4,688,878,000 | |||
| Cash and cash equivalents at beginning of period | 36,652,098,000 | 26,597,773,000 | |||
| Cash and cash equivalents at end of period | 45,645,139,000 | 31,286,651,000 |
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Glossary of Terms
| ARPU | Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period. | ||
| Capex | Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure. | ||
| Churn | Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period. | ||
| EBIT | Earnings Before Interest and Taxes, also known as Operating Profit. | ||
| EBIT margin | The ratio of EBIT to total operating revenue. | ||
| EBITDA | Earnings Before Interest, Taxes, Depreciation, and Amortization. | ||
| EBITDAaL | Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments. | ||
| EBITDA margin | The ratio of EBITDA to total operating revenue. | ||
| EPS (Mexican pesos) | Earnings per share. Total earnings in Mexican pesos divided by total shares. | ||
| Earnings per ADR (US$) | Total earnings in U.S. dollars divided by total ADRs equivalent. | ||
| Gross additions | Total number of subscribers acquired during the period. | ||
| Licensed pops | Licensed population. Population covered by the licenses that each of the companies manage. |
| Content | ||
| Highlights | | |
| Relevant | | |
| events | ||
| Subscribers | ||
| América | ||
| Móvil | ||
| Consolidated | ||
| Mexico | ||
| Brazil | ||
| Colombia | ||
| Other South | ||
| America | ||
| | ||
| Central | ||
| America | ||
| and The | ||
| Caribbean | ||
| Austria and | ||
| Eastern | ||
| Europe | ||
| Currency | ||
| Exchange | ||
| Rates | ||
| Appendix | ||
| Glossary | |
| |
Glossary of Terms
| Market share | A company’s subscribers base divided by the total number of subscribers in that country. | ||
| MBOU | Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis. | ||
| Net subscriber additions | The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections | ||
| Net debt | Total short and long term debt minus cash and marketable securities. | ||
| Net debt/ EBITDA | The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization. | ||
| Prepaid | Subscriber that may recharge a mobile phone. The client does not hold a contract with the company. | ||
| Postpaid | Subscriber that has a contract for the use of voice and data, mobile WiFi routers and machine-to-machine devices. | ||
| SAC | Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenue. | ||
| Wireless penetration | The ratio of total wireless subscribers in any given country divided by the total population in that country. |
| Content | ||
| Highlights | | |
| Relevant | | |
| events | ||
| Subscribers | ||
| América | ||
| Móvil | ||
| Consolidated | ||
| Mexico | ||
| Brazil | ||
| Colombia | ||
| Other South | ||
| America | ||
| Central | ||
| America | ||
| and The | ||
| Caribbean | ||
| Austria and | ||
| Eastern | ||
| Europe | ||
| Currency | ||
| Exchange | ||
| Rates | ||
| Appendix | ||
| Glossary | |
| |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: July 24, 2025 | |||
| AMÉRICA MÓVIL, S.A.B. DE C.V. | |||
| By: | /s/Carlos José García Moreno Elizondo | ||
| Name: | Carlos José García Moreno Elizondo | ||
| Title: | Chief Financial Officer |