FMX Filings — Mexican Economic Development, Inc. - FilingSpy
FMX
Mexican Economic Development, Inc.
A Mexican beverage and retail giant behind Coca-Cola FEMSA, the world's largest independent Coca-Cola bottler, and OXXO, the convenience store chain found on nearly every corner in Mexico. It began in 1890 as the Cuauhtémoc Brewery in Monterrey, founded by five businessmen to brew Carta Blanca beer, and took the name FEMSA in 1988. The company once brewed beer itself but sold its brewing business to Heineken in 2010.
FEMSA reports 2Q26 results: consolidated revenues up 9.3%, net income up 64.9%
FEMSA's 2Q26 total revenues grew 9.3% to Ps. 231,002 million, with income from operations up 7.2% to Ps. 19,110 million.
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Consolidated net income rose 64.9% to Ps. 9,221 million, helped by a lower non-cash FX loss and positive associates' results.
OXXO Mexico delivered 11.8% revenue growth and 12.3% operating income growth, with same-store sales up 9.5% and traffic returning to positive growth.
Coca-Cola FEMSA revenues grew 4.7% and operating income increased 9.1%, despite weak Mexican demand and tax increases.
FEMSA updated its reporting segments, splitting OXXO Mexico from Americas & Mobility, which now includes all non-Mexico OXXO operations and fuel businesses.
Net debt ex-KOF was Ps. 90,020 million, with a leverage ratio of 1.15x, up from 0.93x a year ago due to dividends and buybacks.
FEMSA reports 1Q26 revenue growth of 6.1%, net income up 97.3% on one-time gain
Total consolidated revenues grew 6.1% to Ps. 207,784 million in 1Q26, with income from operations up 5.5% to Ps. 14,314 million.
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Net consolidated income rose 97.3% to Ps. 17,639 million, driven by a one-time non-cash gain from the BradyPLUS and Imperial Dade merger; excluding this, net income declined 36.4%.
OXXO Mexico revenues grew 8.3% and income from operations increased 20.9%, with same-store sales up 6.0%.
Coca-Cola FEMSA revenues grew 1.1% but income from operations decreased 2.3%.
FEMSA updated its reporting segments, creating Americas & Mobility (including OXXO outside Mexico and fuel operations) and consolidating OXXO Brazil from February 1, 2026.
FEMSA releases Sustainability-Related Financial Disclosures under ISSB standards
The disclosures are available on FEMSA's website at https://femsa.gcs-web.com/financial-reports/annual-reports.
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FEMSA announced the release of its Sustainability-Related Financial Disclosures, prepared in accordance with IFRS Sustainability Disclosure Standards issued by the ISSB.
FEMSA operates in retail (OXXO, Valora), health (drugstores), digital financial services (Spin), and beverages (Coca-Cola FEMSA).
The company has more than 392,000 employees across 18 countries.
The report was signed by Martin Felipe Arias Yaniz, Director of Finance and Corporate Development, on March 27, 2026.
FEMSA shareholders approve dividends and board elections at annual meeting
Shareholders approved amendment to Article 6 of Bylaws, 2025 consolidated financial statements, CEO's annual report, and Board opinion.
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Elected board members and committee members for Audit, Corporate Practices and Nominations, and Operations and Strategy for 2026.
Declared ordinary cash dividend of Ps. 0.2475 per Series D share and Ps. 0.1980 per Series B share, totaling Ps. 4.7520 per BD Unit and Ps. 47.520 per ADS.
Declared extraordinary cash dividend of Ps. 0.41975 per Series D share and Ps. 0.335825 per Series B share, totaling Ps. 8.0597 per BD Unit and Ps. 80.597 per ADS.
Both dividends payable in four equal installments on April 23, 2026, July 16, 2026, October 15, 2026, and January 14, 2027.
FEMSA completes $260M ASR and launches new $300M accelerated share repurchase
FEMSA completed its December 2025 accelerated share repurchase (ASR), buying ~2.5 million ADSs at an average price of $104.41, totaling $260 million, with final settlement on March 23–24, 2026.
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FEMSA entered a new ASR agreement with a different U.S. financial institution to repurchase up to $300 million of its ADSs.
The new ASR includes an initial delivery of 591,774 ADSs in March 2026.
Final number of shares repurchased under the new ASR will be based on the daily volume-weighted average price during the agreement term, less a discount.
Final settlement of the new ASR is expected in the second quarter of 2026.