6-K
AMERICA MOVIL SAB DE CV/ (AMX)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of February, 2025
Commission File Number: 1-16269
AMÉRICA MÓVIL, S.A.B. DE C.V.
(Exact name of registrant as specified in its charter)
America Mobile
(Translation of Registrant´s name into English)
Lago Zurich 245
Plaza Carso / Edificio Telcel
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 Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒
Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒
Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒
Mexico City - América Móvil, S.A.B. de C.V. (“AméricaMóvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the fourth quarter of 2024.
| • | We surpassed 400 million access-lines in the fourth quarter. At the end of December we had<br>323 million wireless subscribers and 78 million fixed-line RGUs. |
|---|---|
| • | We gained 2.1 million postpaid clients, most of them coming from Brazil, Colombia and Mexico.<br>In the prepaid segment we registered disconnections of 1.3 million following a **** clean-up of 1.0 million prepaid subs in Brazil. |
| --- | --- |
| • | We connected 320 thousand new broadband accesses, including 132 thousand in Mexico,<br>75 thousand in Brazil and 45 thousand in Argentina, to finish the year with 35 million broadband accesses, 4.7% more than a year before. |
| --- | --- |
| • | Fourth quarter revenue totaled 237 billion pesos, an 18.0% increase from the year-earlier<br>quarter in Mexican peso terms, with service revenue rising 19.1% and EBITDA 16.4% to 91 billion pesos. These figures reflect the consolidation of Claro-VTR in Chile and the accounting adjustments on<br>Argentina since it is a hyperinflationary economy. Excluding Argentina, service revenue growth was 10.7%, and EBITDA 8.6%. |
| --- | --- |
| • | At constant exchange rates service revenue increased 6.6% year-on-year and EBITDA 5.1%. Adjusted for one-offs EBITDA was up 7.2%. |
| --- | --- |
| • | Fixed-line service revenue increased 7.4% with broadband revenue and corporate networks rising 9.8%<br>and 12.3%, respectively. |
| --- | --- |
| • | Mobile service revenue expanded 6.2% year-on-year driven by Brazil, Colombia, Ecuador and Peru. |
| --- | --- |
| • | Our operating profit, 46.4 billion pesos, was up 11.0% after depreciation and amortization<br>charges that increased 22.6%, reflecting partly the consolidation of the Chilean operation. |
| --- | --- |
| • | Our net income, 9.5 billion pesos, was 47.5% lower on account of higher comprehensive<br>financing costs. Nearly half of these financing costs was associated with foreign exchange losses. |
| --- | --- |
| • | Our net financing in cash flow terms, 19.3 billion pesos, coupled with our operating cash<br>flow, covered 130.8 billion pesos in capital expenditures, 50.9 billion pesos in shareholder distributions and 25.4 billion pesos in labor obligations. |
| --- | --- |
| • | At the end of December our net debt—excluding leases—stood at 485 billion pesos,<br>equivalent to 1.44 times LTM EBITDAaL. These figures already reflect the consolidation of Claro-VTR in Chile. |
| --- | --- |
| Content | |
| --- | |
| Highlights | |
| Relevant<br><br><br>events | |
| Subscribers | |
| América | |
| Móvil | |
| Consolidated | |
| Mexico | |
| Brazil | |
| Colombia | |
| Other South | |
| America | |
| Central | |
| America<br><br><br>and The | |
| Caribbean | |
| Austria | |
| Other | |
| European | |
| Currency | |
| Exchange | |
| Rates | |
| Appendix | |
| Glossary |
We will host our conference call to discuss 4Q24 financial and operating results on February 12^th^ at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors
| América Móvil Fundamentals | ||
|---|---|---|
| 4Q24 | 4Q23 | |
| Earnings per Share (Mex$) ^(1)^ | 0.15 | 0.29 |
| Earning per ADR (US$) ^(2)^ | 0.15 | 0.33 |
| EBITDA per Share (Mex$) ^(3)^ | 1.49 | 1.25 |
| EBITDA per ADR (US$) | 1.48 | 1.42 |
| Net Income (millions of Mex$) | 9,480 | 18,062 |
| Average Shares Outstanding<br>(billion) | 61.2 | 62.7 |
| Shares Outstanding End of Period<br>(billion) | 61.0 | 62.5 |
^(1)^ Net Income / Average Shares Outstanding
^(2)^ 20 shares per ADR
^(3)^ EBITDA / Average Shares Outstanding
| América Móvil’s Subsidiaries as of December 2024 | |||
|---|---|---|---|
| Country | Brand | Main Activity | Equity |
| Mexico | Telcel | wireless | 100.0% |
| Telmex | wireline | 100.0% | |
| Argentina | Claro | wireless/wireline | 100.0% |
| Austria | A1 | wireless/wireline | 60.6% |
| EuroTeleSites | towers | 57.0% | |
| Brazil | Claro | wireless/wireline | 99.6% |
| Chile | Claro | wireless/wireline | 94.9% |
| 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 | 95.9% |
| Guatemala | Claro | wireless/wireline | 99.3% |
| Honduras | Claro | wireless/wireline | 100.0% |
| Nicaragua | Claro | wireless/wireline | 99.6% |
| Paraguay | Claro | wireless/wireline | 100.0% |
| Peru | Claro | wireless/wireline | 100.0% |
| Puerto Rico | Claro | wireless/wireline | 100.0% |
| Uruguay | Claro | wireless | 100.0% |
| Content | |||
| --- | |||
| Highlights | |||
| Relevant<br><br><br>events | |||
| Subscribers | |||
| América | |||
| Móvil | |||
| Consolidated | |||
| Mexico | |||
| Brazil | |||
| Colombia | |||
| Other South | |||
| America | |||
| Central | |||
| America<br><br><br>and The | |||
| Caribbean | |||
| Austria | |||
| Other | |||
| European | |||
| Currency | |||
| Exchange | |||
| Rates | |||
| Appendix | |||
| Glossary |
Note
The reported figures for Argentina corresponding to the fourth quarter of 2024 are presented in accordance with IAS29reflecting 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 ensureconsistency.
Relevant Events
Extraodinary shareholders meeting
In an extraordinary shareholders’ meeting in November the following was approved: a) an additional MXP$15,000 million, over the existing fund balance, to expand AMX’s buyback program for the period April 2024–April 2025; and b) that AMX cancel treasury shares acquired through its buyback program, amending its bylaws to reduce its capital stock accordingly.
Access Lines
At the end of December we surpassed 400 million access lines. We had 323 million wireless subscribers and 78 million fixed-line RGUs.
2.1M postpaid net adds
We added 852 thousand wireless subscribers in the fourth quarter—2.1 million postpaid net gains and 1.3 million prepaid losses—and ended December with 323 million wireless subscribers after the incorporation of 5.9 million subscribers from Chile. Our postpaid base was up 5.3%; Brazil led the way in terms of postpaid net adds with 655 thousand subscribers followed by Colombia with 178 thousand and Mexico with 141 thousand. For the prepaid segment Mexico contributed 302 thousand new subscribers, the Central America block 196 thousand and Colombia 178 thousand whereas in Brazil we effected a clean-up of 1.0 million subscribers.
320k new broadband clients
On the fixed-line segment we connected 320 thousand new broadband clients but registered disconnections in PayTV and fixed-line voice of 13 thousand and 74 thousand, respectively.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| Wireless subscribers as of December 2024 | |||||||
|---|---|---|---|---|---|---|---|
| Total^(1)^ **** (Thousands)**** | |||||||
| Country | Dec ’24 | Sep ’24 | Var. | % | Dec ’23 | Var. | % |
| Argentina, Paraguay and Uruguay | 29,158 | 28,840 | 1.1 | % | 28,043 | 4.0 | % |
| Austria^(2)^ | 11,964 | 11,320 | 5.7 | % | 10,234 | 16.9 | % |
| Brazil | 87,145 | 88,276 | -1.3 | % | 86,951 | 0.2 | % |
| Central America | 17,241 | 16,969 | 1.6 | % | 17,266 | -0.1 | % |
| The Caribbean | 7,910 | 7,836 | 0.9 | % | 7,592 | 4.2 | % |
| Colombia | 40,953 | 40,597 | 0.9 | % | 39,240 | 4.4 | % |
| Chile | 5,902 | 5,924 | -0.4 | % | 5,124 | 15.2 | % |
| Eastern Europe | 15,159 | 15,347 | -1.2 | % | 15,011 | 1.0 | % |
| Ecuador | 9,862 | 9,689 | 1.8 | % | 9,426 | 4.6 | % |
| Mexico | 84,613 | 84,171 | 0.5 | % | 83,834 | 0.9 | % |
| Peru | 12,686 | 12,772 | -0.7 | % | 12,510 | 1.4 | % |
| Total Wireless Lines | 322,593 | 321,740 | 0.3 | % | 315,230 | 2.3 | % |
^(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.
| Fixed-Line and Other Accesses (RGUs) as of December 2024 | |||||||
|---|---|---|---|---|---|---|---|
| Total^(1)^(Thousands)**** | |||||||
| Country | Dec ’24 | Sep ’24 | Var. | % | Dec ’23 | Var. | % |
| Argentina, Paraguay and Uruguay | 4,026 | 3,930 | 2.4 | % | 3,549 | 13.4 | % |
| Austria | 2,727 | 2,754 | -1.0 | % | 2,847 | -4.2 | % |
| Brazil | 22,390 | 22,509 | -0.5 | % | 23,089 | -3.0 | % |
| Central America | 5,203 | 5,120 | 1.6 | % | 4,923 | 5.7 | % |
| The Caribbean | 2,843 | 2,829 | 0.5 | % | 2,787 | 2.0 | % |
| Colombia | 9,583 | 9,561 | 0.2 | % | 9,440 | 1.5 | % |
| Chile | 3,035 | 3,122 | -2.8 | % | 3,173 | -4.3 | % |
| Eastern Europe | 3,625 | 3,539 | 2.4 | % | 3,423 | 5.9 | % |
| Ecuador | 597 | 579 | 3.1 | % | 560 | 6.6 | % |
| Mexico | 21,936 | 21,815 | 0.6 | % | 21,171 | 3.6 | % |
| Peru | 1,971 | 1,948 | 1.2 | % | 1,913 | 3.0 | % |
| Total RGUs | 77,936 | 77,704 | 0.3 | % | 76,875 | 1.4 | % |
^(1)^^^Fixed Line, Broadband and Television (Cable & DTH).
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| Broadband accesses as of December 2024 | |||||||
|---|---|---|---|---|---|---|---|
| Total^(1)^ **** (Thousands)**** | |||||||
| Country | Dec ’24 | Sep ’24 | Var. | % | Dec ’23 | Var. | % |
| Argentina, Paraguay and Uruguay | 1,688 | 1,639 | 3.0 | % | 1,452 | 16.2 | % |
| Austria | 1,250 | 1,258 | -0.6 | % | 1,284 | -2.6 | % |
| Brazil | 10,279 | 10,204 | 0.7 | % | 9,991 | 2.9 | % |
| Central America | 1,685 | 1,645 | 2.4 | % | 1,552 | 8.6 | % |
| The Caribbean | 1,086 | 1,076 | 1.0 | % | 1,049 | 3.5 | % |
| Colombia | 3,432 | 3,421 | 0.3 | % | 3,372 | 1.8 | % |
| Chile | 1,435 | 1,470 | -2.4 | % | 1,482 | -3.2 | % |
| Eastern Europe | 1,541 | 1,511 | 2.0 | % | 1,450 | 6.3 | % |
| Ecuador | 351 | 344 | 1.8 | % | 323 | 8.6 | % |
| Mexico | 11,209 | 11,077 | 1.2 | % | 10,489 | 6.9 | % |
| Peru | 1,058 | 1,048 | 1.0 | % | 996 | 6.2 | % |
| Total Broadband Accesses | 35,013 | 34,694 | 0.9 | % | 33,441 | 4.7 | % |
^(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.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
América Móvil Consolidated Results
The fourth quarter ended with a renewed surge in U.S. interest rates, with ten-year Treasury yields jumping approximately 80 basis points in the quarter to finish the year just shy of 4.60%, roughly the highest level since the end of April. This significant increase in long term interest rates took place not long after the FED reduced its policy rates by 50 basis points in September, fourteen months after completing a period of policy rate hikes. A stronger than expected labor market and economic activity led to major revisions in expectations regarding future reductions in policy rates by the FED and hence the path of medium and long-term yields, all of which resulted in the spike in yields mentioned above. Throughout the period substantially all the currencies in our region of operations depreciated vs. the U.S. dollar, with the Brazilian real experiencing the worst decline of all, 13.7%, followed by the Chilean peso, 11.0%, and the euro 7.0%.
Our fourth quarter revenue was up 18.0% in Mexican peso terms to 236.9 billion pesos, with service revenue climbing 19.1% and EBITDA 16.4%, to 91.1 billion pesos. Those rates of increase reflect the consolidation of the Chilean operation from November 1^st^ but were largely boosted by the accounting methodology associated with the Argentinean operations. Since these operations take place in a country that is considered hyperinflationary, the annual revenue is adjusted for inflation and expressed in December 2024 prices, then converted to Mexican pesos at the end-of-year exchange rate, per rule IFRS 29. The fourth quarter figures are obtained subtracting from the annual figures those obtained through September. Since Argentina’s rate of inflation was 118% through December, whereas the Argentinean peso only depreciated 4% vs. the Mexican peso—it had depreciated sharply in December 2023—the accounting adjustments mentioned are considerable when expressed in Mexican pesos. Excluding Argentina, and therefore those variations having to do with the accounting methodology, America Movil’s fourth quarter revenue increased 10.0% in Mexican peso terms, with 10.7% service revenue growth and 8.6% EBITDA growth. On the consolidation of the Chilean operation its contribution to our consolidated revenue over the last two months of the year amounted to 3.8 billion Mexican pesos.
At constant exchange rates—and as has been customary in our quarterly reports, excluding Argentina from this calculation—our fourth quarter revenue rose 5.7% year-on-year on the back of a 6.6% service revenue increase, the best performance in over a year, with EBITDA expanding 5.1% before one-off adjustments and 7.2% after those adjustments were made. These increases include the impact of the consolidation of the Chilean operations that was felt more strongly in the fixed-line platform as can be seen below.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Mobile service revenue expanded 6.2% year-on-year in the fourth quarter; without Chile it would have been up 5.1%, in line with the pace of growth seen the prior three quarters. Postpaid revenue rose 8.5% in the quarter compared to 6.3% the prior quarter, whereas prepaid revenue increased 2.5%, down from 3.6% in the third quarter. Mobile service revenue accelerated in Brazil, Colombia, Ecuador and Peru, offsetting the deceleration observed in Mexico and Central America.
Fixed-line service revenue climbed 7.4% including the Chilean operation and would have posted a 4.0% increase without it, in line with the increase observed in the second quarter but lower than the growth rate of the third quarter. Broadband revenue growth accelerated to a 9.8% pace from 7.4% the prior quarter and corporate networks revenue to 12.3% from 10.1%, with PayTV revenue growth hitting 5.2% compared to a 0.8% decline observed in the third quarter. Fixed-service revenue growth decelerated in Mexico, Brazil and Colombia from the pace seen the prior quarter but increased at a faster pace in Austria and Eastern Europe, as well as in Central America.
We turned an operating profit of 46.4 billion pesos in the fourth quarter, 11.0% higher than that of the year-earlier quarter after depreciation and amortization charges that increased 22.6%, reflecting partly the consolidation of the Chilean operation, the inflationary adjustment of the Argentinean assets and the amortization of new licenses acquired in 2023 and 2024 in Austria and Colombia.
Our net income came in at 9.5 billion pesos in the fourth quarter and was 47.5% lower year-on-year on account of higher comprehensive financing costs. These totaled 29.8 billion pesos, nearly half of which was associated with foreign exchange losses. Our net income was equivalent to 15 pesos cents per share and 15 dollar cents per ADR.
Our net debt ended the year at 485 billion pesos excluding capitalized lease obligations. In cash flow terms it increased 19.3 billion pesos and helped us finance 130.8 billion pesos in capital expenditures, 50.9 billion pesos in shareholder distributions and 25.4 billion pesos in the amortization of labor obligations. At the end of the year our net debt stood at 1.44 times LTM EBITDA. The latter figure already reflects the impact of the consolidation of Claro/VTR in Chile in América Móvil from October 31^st^.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| AméricaMóvil’s Income Statement<br> <br>Millions of Mexican pesos | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
| Service Revenue | 196,253 | 164,740 | 19.1% | 730,451 | 672,050 | 8.7% | ||||||
| Equipment Revenue | 37,101 | 33,417 | 11.0% | 127,362 | 126,859 | 0.4% | ||||||
| Other Revenue | 3,586 | 2,555 | 40.4% | 11,408 | 17,104 | -33.3% | ||||||
| Total Revenue | **** | 236,940 | **** | 200,713 | **** | 18.0% | **** | 869,221 | **** | 816,013 | **** | 6.5% |
| Cost of Service | 58,833 | 49,469 | 18.9% | 219,518 | 204,613 | 7.3% | ||||||
| Cost of Equipment | 33,804 | 29,828 | 13.3% | 111,660 | 111,863 | -0.2% | ||||||
| Selling, General & Administrative<br>Expenses | 50,862 | 41,959 | 21.2% | 186,516 | 173,001 | 7.8% | ||||||
| Others | 2,332 | 1,191 | 95.8% | 7,298 | 6,966 | 4.8% | ||||||
| Total Costs and Expenses | **** | 145,832 | **** | 122,446 | **** | 19.1% | **** | 524,992 | **** | 496,443 | **** | 5.8% |
| EBITDA | **** | 91,108 | **** | 78,267 | **** | 16.4% | **** | 344,228 | **** | 319,570 | **** | 7.7% |
| % of Total Revenue | 38.5% | 39.0% | 39.6% | 39.2% | ||||||||
| Adjusted EBITDA^(1)^ | **** | 90,941 | **** | 76,656 | **** | 18.6% | **** | 343,537 | **** | 312,361 | **** | 10.0% |
| % of Total Revenue | 38.5% | 38.2% | 39.6% | 38.6% | ||||||||
| Depreciation &<br>Amortization | 44,717 | 36,459 | 22.6% | 164,128 | 151,786 | 8.1% | ||||||
| EBIT | **** | 46,391 | **** | 41,808 | **** | 11.0% | **** | 180,100 | **** | 167,784 | **** | 7.3% |
| % of Total Revenue | 19.6% | 20.8% | 20.7% | 20.6% | ||||||||
| Net Interest Expenses | 12,601 | 9,267 | 36.0% | 47,012 | 34,917 | 34.6% | ||||||
| Other Financial Expenses | 4,922 | 5,502 | -10.5% | -5,619 | 26,815 | -121.0% | ||||||
| Foreign Exchange Loss | 12,326 | 840 | n.m. | 70,698 | -14,654 | n.m. | ||||||
| Comprehensive Financing Cost (Income) | **** | 29,850 | **** | 15,609 | **** | 91.2% | **** | 112,091 | **** | 47,078 | **** | 138.1% |
| Income & Deferred Taxes | 4,772 | 5,431 | -12.1% | 29,832 | 34,544 | -13.6% | ||||||
| Net Income before Minority Interest andEquity Participation in Results of Affiliates | **** | 11,770 | **** | 20,767 | **** | -43.3% | **** | 38,177 | **** | 86,161 | **** | -55.7% |
| Equity Participation in Results of<br>Affiliates | -807 | -1,640 | 50.8% | -5,179 | -5,372 | 3.6% | ||||||
| Minority Interest | -1,483 | -1,065 | -39.2% | -4,689 | -4,679 | -0.2% | ||||||
| Net Income | **** | 9,480 | **** | 18,062 | **** | -47.5% | **** | 28,308 | **** | 76,111 | **** | -62.8% |
^(1)^Adjusted for extraordinary items, particularly the sale of towers by Claro Peru, Claro Dominicana and Telmex.
n.m. Not meaningful.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| AméricaMóvil’s Income Statement (excluding Argentina)<br> <br>Millions of Mexican pesos | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
| Service Revenue | 185,634 | 167,646 | 10.7% | 695,988 | 656,789 | 6.0% | ||||||
| Equipment Revenue | 35,574 | 34,204 | 4.0% | 122,261 | 123,252 | -0.8% | ||||||
| Other Revenue | 3,573 | 2,565 | 39.3% | 11,369 | 17,074 | -33.4% | ||||||
| Total Revenue | **** | 224,781 | **** | 204,416 | **** | 10.0% | **** | 829,618 | **** | 797,115 | **** | 4.1% |
| Cost of Service | 55,802 | 50,378 | 10.8% | 208,681 | 199,672 | 4.5% | ||||||
| Cost of Equipment | 32,760 | 30,315 | 8.1% | 108,374 | 109,813 | -1.3% | ||||||
| Selling, General & Administrative<br>Expenses | 47,406 | 42,862 | 10.6% | 176,029 | 167,761 | 4.9% | ||||||
| Others | 2,246 | 1,182 | 90.1% | 6,905 | 6,967 | -0.9% | ||||||
| Total Costs and Expenses | **** | 138,215 | **** | 124,736 | **** | 10.8% | **** | 499,989 | **** | 484,213 | **** | 3.3% |
| EBITDA | **** | 86,566 | **** | 79,680 | **** | 8.6% | **** | 329,628 | **** | 312,902 | **** | 5.3% |
| % of Total Revenue | 38.5% | 39.0% | 39.7% | 39.3% | ||||||||
| Adjusted EBITDA^(1)^ | **** | 86,399 | **** | 78,069 | **** | 10.7% | **** | 328,937 | **** | 305,693 | **** | 7.6% |
| % of Total Revenue | 38.6% | 38.2% | 39.7% | 38.7% | ||||||||
| Depreciation &<br>Amortization | 41,586 | 37,377 | 11.3% | 153,383 | 146,727 | 4.5% | ||||||
| EBIT | **** | 44,980 | **** | 42,303 | **** | 6.3% | **** | 176,245 | **** | 166,175 | **** | 6.1% |
| % of Total Revenue | 20.0% | 20.7% | 21.2% | 20.8% | ||||||||
| Net Interest Expenses | 12,863 | 9,360 | 37.4% | 47,804 | 35,274 | 35.5% | ||||||
| Other Financial Expenses | 7,643 | 3,221 | 137.3% | 19,768 | 36,886 | -46.4% | ||||||
| Foreign Exchange Loss | 10,002 | -7,270 | 237.6% | 60,592 | -38,081 | 259.1% | ||||||
| Comprehensive Financing Cost (Income) | **** | 30,509 | **** | 5,311 | **** | n.m. | **** | 128,164 | **** | 34,079 | **** | 276.1% |
| Income & Deferred Taxes | 2,680 | 7,868 | -65.9% | 19,878 | 39,304 | -49.4% | ||||||
| Net Income before Minority Interest andEquity Participation in Results of Affiliates | **** | 11,792 | **** | 29,123 | **** | -59.5% | **** | 28,203 | **** | 92,791 | **** | -69.6% |
| Equity Participation in Results of<br>Affiliates | -807 | -1,641 | 50.8% | -5,179 | -5,370 | 3.6% | ||||||
| Minority Interest | -1,469 | -1,061 | -38.4% | -4,633 | -4,663 | 0.6% | ||||||
| Net Income | **** | 9,516 | **** | 26,421 | **** | -64.0% | **** | 18,390 | **** | 82,759 | **** | -77.8% |
^(1)^Adjusted for extraordinary items, particularly the sale of towers by Claro Peru, Claro Dominicana and Telmex.
n.m. Not meaningful.
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
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| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| **Balance Sheet - América Móvil Consolidated^(1)^**Millions of Mexican Pesos | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec ‘24 | Dec ‘23 | Var.% | Dec ‘24 | Dec ‘23 | Var.% | ||||||||
| Current Assets | Current Liabilities | ||||||||||||
| Cash, Marketable Securities & Other Short Term<br>Investments | 83,336 | 100,353 | -17.0% | Short Term Debt | 104,211 | 160,964 | -35.3% | ||||||
| Accounts Receivable | 247,778 | 208,248 | 19.0% | Lease-Related Debt^(2)^ | 35,437 | 24,375 | 45.4% | ||||||
| Other Current Assets | 14,820 | 12,294 | 20.5% | Accounts Payable | 155,697 | 153,328 | 1.5% | ||||||
| Inventories | 23,751 | 19,272 | 23.2% | Other Current Liabilities | 208,028 | 185,740 | 12.0% | ||||||
| **** | 369,685 | **** | 340,167 | **** | 8.7% | **** | 503,374 | **** | 524,407 | **** | -4.0% | ||
| Non Current Assets | Non Current Liabilities | ||||||||||||
| Plant & Equipment, gross | 1,472,259 | 1,233,364 | 19.4% | Long Term Debt | 464,271 | 339,713 | 36.7% | ||||||
| -Depreciation | 764,979 | 604,713 | 26.5% | Lease-Related Debt^(2)^ | 177,666 | 100,794 | 76.3% | ||||||
| Plant & Equipment, net | 707,280 | 628,651 | 12.5% | Other Liabilities | 224,538 | 177,569 | 26.5% | ||||||
| Rights of Use^(2)^ | 199,460 | 113,568 | 75.6% | **** | 866,476 | **** | 618,077 | **** | 40.2% | ||||
| Investments in Affiliates and Other Investments | 17,587 | 29,295 | -40.0% | ||||||||||
| Deferred Assets | |||||||||||||
| Goodwill (Net) | 161,585 | 146,079 | 10.6% | ||||||||||
| Intangible Assets | 141,737 | 121,499 | 16.7% | Shareholder’s Equity | 436,694 | 421,702 | 3.6% | ||||||
| Deferred Assets | 209,209 | 184,927 | 13.1% | ||||||||||
| Total Assets | **** | 1,806,543 | **** | 1,564,186 | **** | 15.5% | Total Liabilities and Equity | **** | 1,806,543 | **** | 1,564,186 | **** | 15.5% |
^(1)^ Includes current portion of Long Term Debt.
^(2)^ Renewal of a 10-year contract between Telcel and Telesites.
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| Relevant<br><br><br>events |
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| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
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| Austria |
| Other |
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| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Mexico
141k postpaid gains & 132k new broadband accesses
We added 443 thousand wireless subscribers in the quarter that include 141 thousand contract clients and 302 thousand prepaid subs. We finished the year with 84.6 million wireless subscribers. On the fixed-line platform we connected 132 thousand new broadband accesses but disconnected 10 thousand landlines. We serviced a total of 21.9 million RGUs by year-end.
Broadband revenue up 6.4% YoY
Our fourth quarter revenue totaled 83.9 billion pesos, with lower equipment revenue but with service revenue increasing 3.5% annually. Fixed-line service revenue expanded 3.9%, with corporate networks revenue rising 6.9% and broadband revenue up 6.4%, in line with the third quarter. With over 85% of our clients connected with FTTH, Telmex is positioned to keep growing with attractive plans offering high-speed connectivity bundled with trending entertainment options and best in class IT solutions for corporates and small businesses. Mobile service revenue increased 3.3%, with postpaid revenue growth rising from 3.4% in the third quarter to 5.9% in the current period while prepaid revenue grew 1.4% down from 4.1% in the third quarter, on account of the slowdown of economic activity in the period. Blended ARPU was up 2.2% to 180 pesos.
EBITDA margin at 41.3% of revenue, +70 basis points
In spite of strong commercial activity, EBITDA increased 0.9% year-on-year to 34.6 billion pesos. The EBITDA margin improved by 70 basis points from the year-earlier quarter, reaching 41.3%.
Biennial IFT evaluation of asymmetrical regulations
On November 6^th^, the Federal Telecommunications Institute (IFT) issued a resolution—as part of its third biennial evaluation of asymmetrical regulations—that modifies and adds new asymmetrical regulations for mobile and fixed services. Whereas these measures are not foreseen to be materially detrimental to our operation.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| INCOME STATEMENT - Mexico Millions of MxP | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
| Total Revenue^(1)^ | **** | 83,851 | **** | 84,447 | **** | -0.7% | **** | 332,024 | **** | 324,417 | **** | 2.3% |
| Total Service Revenue | 66,299 | 64,081 | 3.5% | 262,114 | 249,958 | 4.9% | ||||||
| Wireless Revenue | 61,252 | 62,673 | -2.3% | 240,246 | 238,266 | 0.8% | ||||||
| Service Revenue | 45,473 | 44,039 | 3.3% | 178,687 | 171,483 | 4.2% | ||||||
| Equipment Revenue | 15,779 | 18,634 | -15.3% | 61,559 | 66,783 | -7.8% | ||||||
| Fixed Line Revenue^(2)^ | 20,926 | 20,143 | 3.9% | 83,748 | 78,885 | 6.2% | ||||||
| Other Revenue | 1,673 | 1,631 | 2.6% | 8,030 | 7,266 | 10.5% | ||||||
| EBITDA | **** | 34,630 | **** | 34,318 | **** | 0.9% | **** | 140,397 | **** | 132,308 | **** | 6.1% |
| % total revenue | 41.3% | 40.6% | 42.3% | 40.8% | ||||||||
| Adjusted EBITDA^(3)^ | **** | 34,630 | **** | 34,260 | **** | 1.1% | **** | 139,873 | **** | 131,312 | **** | 6.5% |
| % total revenue | 41.3% | 40.6% | 42.2% | 40.6% | ||||||||
| EBIT | **** | 26,326 | **** | 25,587 | **** | 2.9% | **** | 106,958 | **** | 97,973 | **** | 9.2% |
| % total revenue | 31.4% | 30.3% | 32.2% | 30.2% |
^(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 and 2023.
Mexico Operating Data
| 4Q24 | 4Q23 | Var.% | ||||
|---|---|---|---|---|---|---|
| Wireless Subscribers (thousands) | **** | 84,613 | **** | 83,834 | **** | 0.9% |
| Postpaid | 15,451 | 14,998 | 3.0% | |||
| Prepaid | 69,163 | 68,836 | 0.5% | |||
| ARPU (MxP) | **** | 180 | **** | 176 | **** | 2.2% |
| Churn (%) | **** | 3.2% | **** | 3.3% | **** | (0.1) |
| Revenue Generating Units (RGUs)^(1)^ | **** | 21,936 | **** | 21,171 | **** | 3.6% |
| Fixed Lines | 10,727 | 10,682 | 0.4% | |||
| Broadband | 11,209 | 10,489 | 6.9% |
^(1)^Fixed Line and Broadband.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Brazil
655k postpaid net adds & 75k new broadband accesses
In the fourth quarter we continued to grow in the postpaid segment, adding 655 thousand subscribers. In December we disconnected 1.8 million prepaid subscribers following a cleanup of 1.0 million clients; thus we posted a net loss of 1.1 million wireless subscribers. On the fixed-line platform we added 75 thousand broadband accesses and disconnected 74 thousand PayTV units and 120 thousand landlines. At the end of the year we had 87.1 million wireless subscribers—14 million of which are 5G subscribers—and 22.4 million fixed-line RGUs.
Mobile service revenue +10.1% YoY
Revenue was up 7.4% in the quarter to 12.6 billion reais, as mobile service revenue increased 10.1% driven by 13.1% postpaid revenue growth. In the fixed-line segment service revenue rose 2.9%, helped along by broadband and corporate networks revenue that expanded 7.3% and 8.6%, respectively. PayTV revenue declined 3.7%, as was the case of the prior quarter.
Adjusted EBITDA +12.1% YoY
EBITDA came in at 5.5 billion reais, an 8.5% year-on-year increase, with the EBITDA margin climbing 40 basis points to 43.8%, roughly at the highest level it has attained. Adjusting for an extraordinary revenue in the 4Q23 having to do with the elimination of an obligation provision having to do with the purchase of Oi’s subscribers, EBITDA growth came to be 12.1%.
Claro was awarded the Top of Mind award in the 5G and Broadband category, as well as the Premio ConsumidorModerno 2024 for excellence in customer service in the same categories.
INCOME STATEMENT - Brazil Millions of BrL ****
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue^(1)^ | **** | 12,584 | **** | 11,718 | **** | 7.4% | **** | 48,696 | **** | 45,648 | **** | 6.7% |
| Total Service Revenue | 11,770 | 11,015 | 6.9% | 46,122 | 43,396 | 6.3% | ||||||
| Wireless Revenue | 7,504 | 6,786 | 10.6% | 28,517 | 25,919 | 10.0% | ||||||
| Service Revenue | 6,719 | 6,105 | 10.1% | 26,023 | 23,797 | 9.4% | ||||||
| Equipment Revenue | 784 | 682 | 15.1% | 2,494 | 2,122 | 17.5% | ||||||
| Fixed Line Revenue^(2)^ | 5,065 | 4,910 | 3.1% | 20,123 | 19,598 | 2.7% | ||||||
| EBITDA | **** | 5,507 | **** | 5,075 | **** | 8.5% | **** | 21,199 | **** | 19,075 | **** | 11.1% |
| % total revenue | 43.8% | 43.3% | 43.5% | 41.8% | ||||||||
| Adjusted EBITDA^(3)^ | **** | 5,507 | **** | 4,913 | **** | 12.1% | **** | 21,199 | **** | 18,913 | **** | 12.1% |
| % total revenue | 43.8% | 41.9% | 43.5% | 41.4% | ||||||||
| EBIT | **** | 2,347 | **** | 1,893 | **** | 24.0% | **** | 8,627 | **** | 6,679 | **** | 29.2% |
| % total revenue | 18.6% | 16.2% | 17.7% | 14.6% |
^(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.
^(3)^Adjusted for the settlement with Oi on the price of the mobile business acquired by Claro in 2023.
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| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
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| Austria |
| Other |
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| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Brazil Operating Data
| 4Q24 | 4Q23 | Var.% | ||||
|---|---|---|---|---|---|---|
| Wireless Subscribers (thousands) | **** | 87,145 | **** | 86,951 | **** | 0.2% |
| Postpaid | 53,896 | 51,488 | 4.7% | |||
| Prepaid | 33,249 | 35,463 | -6.2% | |||
| ARPU (BrL) | **** | 25 | **** | 24 | **** | 7.5% |
| Churn (%) | **** | 3.1% | **** | 2.1% | **** | 1.0 |
| Revenue Generating Units (RGUs)^(1)^ | **** | 22,390 | **** | 23,089 | **** | -3.0% |
| Fixed Lines | 7,387 | 7,936 | -6.9% | |||
| Broadband | 10,279 | 9,991 | 2.9% | |||
| PayTV | 4,724 | 5,162 | -8.5% |
^(1)^Fixed Line, Broadband and Television. The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.
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| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Colombia
356k wireless net adds
Wireless net additions in the quarter came in at 356 thousand; 178 thousand of them were contract clients. Our wireless base ended December just under 41 million subscribers, 4.4% more than a year before. On the fixed-line segment we added 22 thousand RGUs—half of which were broadband accesses—taking the base to 9.6 million.
Mobile service revenue +5.1% YoY
Fourth quarter revenue increased 12.2% to 4.4 trillion Colombian pesos on record high equipment sales, up 13.9%, and certain extraordinary revenue amounting to 271 billion pesos having to do with an old interconnection dispute and the release of certain provisions. At 4.6% service revenue growth maintained its pace from the prior quarter. Momentum in the mobile segment stemming from the rapid deployment of 5G networks in 20 cities, translated into service revenue growth picking up to 5.1% in the fourth quarter from 4.0% in the prior quarter. Prepaid service revenue growth, 8.5%, was twice as fast as that of the third quarter. On the fixed-line platform service revenue rose 3.9% on the back of corporate networks revenue—it accounts now for 17% of fixed-line service revenue—and from broadband revenue, up 23.5% and 4.4%, respectively.
Adjusted EBITDA +1.8% YoY
Fourth quarter EBITDA climbed 4.0% to reach 1.7 trillion Colombian pesos. Correcting for the aforementioned extraordinary revenue and certain extraordinary costs that mostly offset such revenue, the adjusted EBITDA growth rate was 1.8%. The EBITDA margin for the period stood at 38.8% of revenue, three percentage points lower than that of a year before, reflecting the loss over the quarter of certain judicial proceedings.
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| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
INCOME STATEMENT - Colombia Billions of COP ****
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue^(1)^ | **** | 4,360 | **** | 3,885 | **** | 12.2% | **** | 15,894 | **** | 15,154 | **** | 4.9% |
| Total Service Revenue | 3,058 | 2,922 | 4.6% | 11,961 | 11,579 | 3.3% | ||||||
| Wireless Revenue | 2,794 | 2,615 | 6.8% | 10,484 | 10,169 | 3.1% | ||||||
| Service Revenue | 1,830 | 1,740 | 5.1% | 7,101 | 6,894 | 3.0% | ||||||
| Equipment Revenue | 965 | 875 | 10.2% | 3,383 | 3,276 | 3.3% | ||||||
| Fixed Line Revenue^(2)^ | 1,295 | 1,213 | 6.8% | 5,005 | 4,790 | 4.5% | ||||||
| Other Revenue | 271 | 57 | 377.9% | 405 | 194 | 108.4% | ||||||
| EBITDA | **** | 1,690 | **** | 1,625 | **** | 4.0% | **** | 6,466 | **** | 6,321 | **** | 2.3% |
| % total revenue | 38.8% | 41.8% | 40.7% | 41.7% | ||||||||
| Adjusted EBITDA^(3)^ | **** | 1,654 | **** | 1,625 | **** | 1.8% | **** | 6,430 | **** | 6,321 | **** | 1.7% |
| % total revenue | 39.9% | 41.8% | 41.0% | 41.7% | ||||||||
| EBIT | **** | 816 | **** | 797 | **** | 2.5% | **** | 2,973 | **** | 3,157 | **** | -5.8% |
| % total revenue | 18.7% | 20.5% | 18.7% | 20.8% |
^(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 an extraordinary item having to do with an old interconnection dispute and the release of certain provisions.
| Colombia Operating Data | |||||
|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | |||
| Wireless Subscribers (thousands)^(1)^ | **** | 40,953 | **** | 39,240 | 4.4% |
| Postpaid | 10,862 | 10,217 | 6.3% | ||
| Prepaid | 30,091 | 29,023 | 3.7% | ||
| ARPU (COP) | **** | 15,639 | **** | 14,977 | 4.4% |
| Churn (%) | **** | 2.9% | **** | 3.6% | (0.7) |
| Revenue Generating Units (RGUs)^(2)^ | **** | 9,583 | **** | 9,440 | 1.5% |
^(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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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Peru
102k postpaid net adds
We disconnected 86 thousand subscribers in the fourth quarter following a subscriber clean-up of 188 thousand prepaid subscribers. On the postpaid segment we gained 102 thousand new clients. Our wireless subscriber base ended the year with 12.7 million, 1.4% more than in 2023. On the fixed-line segment we connected 23 thousand RGUs—which comprise 10 thousand broadband accesses—ending the year with nearly two million.
Service revenue +5.7% YoY
Revenue was up 4.5% annually to 1,675 million soles. Service revenue increased 5.7%, with mobile service revenue growing 6.6%, up from 5.5% in the prior quarter. Fixed-line service revenue rose 3.0%, with corporate networks revenue growing 19.9% and that of broadband 3.4%.
EBITDA +7.3% YoY
EBITDA came in at 643 million soles, 7.3% higher than a year before. EBITDA was equivalent to 38.4% of revenue, entailing a margin expansion of 100 basis points relative to last year.
| INCOME STATEMENT - Peru Millions of<br>Soles | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
| Total Revenue^(1)^ | **** | 1,675 | **** | 1,604 | **** | 4.5% | **** | 6,610 | **** | 7,226 | **** | -8.5% |
| Total Service<br>Revenue | 1,319 | 1,248 | 5.7% | 5,169 | 4,892 | 5.6% | ||||||
| Wireless Revenue | 1,342 | 1,268 | 5.8% | 5,284 | 5,090 | 3.8% | ||||||
| Service Revenue | 996 | 935 | 6.6% | 3,881 | 3,679 | 5.5% | ||||||
| Equipment Revenue | 346 | 334 | 3.6% | 1,403 | 1,412 | -0.6% | ||||||
| Fixed Line Revenue^(2)^ | 323 | 314 | 3.0% | 1,288 | 1,214 | 6.1% | ||||||
| Other<br>Revenue | 10 | 22 | -52.2% | 39 | 922 | -95.8% | ||||||
| EBITDA | **** | 643 | **** | 599 | **** | 7.3% | **** | 2,506 | **** | 2,948 | **** | -15.0% |
| % total<br>revenue | 38.4% | 37.4% | 37.9% | 40.8% | ||||||||
| Adjusted EBITDA^(3)^ | **** | 2,506 | **** | 2,299 | **** | 9.0% | ||||||
| % total<br>revenue | 37.9% | 36.2% | ||||||||||
| EBIT | **** | 304 | **** | 277 | **** | 9.5% | **** | 1,182 | **** | 1,651 | **** | -28.4% |
| % total<br>revenue | 18.1% | 17.3% | 17.9% | 22.8% |
^(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 2023.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| Peru Operating Data | ||||||
|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | ||||
| Wireless Subscribers(thousands) | **** | 12,686 | **** | 12,510 | **** | 1.4% |
| Postpaid | 6,381 | 5,981 | 6.7% | |||
| Prepaid | 6,305 | 6,529 | -3.4% | |||
| ARPU(Sol) | **** | 26 | **** | 25 | **** | 3.5% |
| Churn(%) | **** | 4.5% | **** | 4.2% | **** | 0.3 |
| Revenue Generating Units(RGUs)^(1)^ | **** | 1,971 | **** | 1,913 | **** | 3.0% |
^(1)^Fixed Line, Broadband and Television.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Ecuador
172k wireless net adds
Mobile net additions registered a major increase, 172 thousand new subscribers. Our wireless base ended the quarter just shy of 10 million subscribers. On the fixed-line platform we connected 18 thousand fixed-line accesses in the quarter, including six thousand new broadband units, to end the year with 597 thousand RGUs.
Service revenue +2.8% YoY
After several quarters of declines, revenue was up 3.2% over the year to 275 million dollars. Service revenue rose 2.8%, with mobile and fixed-line revenue expanding 3.0%—the best performance in over four quarters—and 1.6%, respectively.
EBITDA +3.1% YoY
The quarter’s EBITDA increased 3.1% year-on-year to 133 million dollars; in the third quarter it had declined 1.4%. The EBITDA margin was practically flat at 48.4%.
| INCOME STATEMENT -Ecuador Millions of Dollars | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | ||||||
| Total Revenue^(1)^ | **** | 275 | **** | 266 | **** | 3.2% | **** | 1,039 | **** | 1,045 | -0.6% |
| Total Service<br>Revenue | 238 | 231 | 2.8% | 914 | 914 | 0.0% | |||||
| Wireless<br>Revenue | 244 | 237 | 3.1% | 923 | 934 | -1.1% | |||||
| Service<br>Revenue | 211 | 205 | 3.0% | 807 | 809 | -0.2% | |||||
| Equipment<br>Revenue | 33 | 32 | 3.5% | 115 | 125 | -7.5% | |||||
| Fixed Line Revenue^(2)^ | 28 | 27 | 4.7% | 109 | 107 | 1.6% | |||||
| EBITDA | **** | 133 | **** | 129 | **** | 3.1% | **** | 504 | **** | 505 | -0.3% |
| % total<br>revenue | 48.4% | 48.5% | 48.5% | 48.4% | |||||||
| EBIT | **** | 74 | **** | 94 | **** | -20.4% | **** | 281 | **** | 303 | -7.4% |
| % total<br>revenue | 27.1% | 35.2% | 27.0% | 29.0% |
^(1)^Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
^(2)^Includes equipment revenue.
| Ecuador Operating<br>Data | ||||
|---|---|---|---|---|
| 4Q23 | Var.% | |||
| Wireless Subscribers<br>(thousands) | 9,862 | **** | 9,426 | 4.6% |
| Postpaid | 2,285 | 2,282 | 0.1% | |
| Prepaid | 7,576 | 7,144 | 6.1% | |
| ARPU<br>(US) | 7 | **** | 7 | -1.3% |
| Churn<br>(%) | 2.6% | **** | 3.2% | (0.5) |
| Revenue Generating Units (RGUs)(1) | 597 | **** | 560 | 6.6% |
All values are in US Dollars.
^(1)^Fixed Line, Broadband and Television.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Argentina
For comparison purposes all comments in this section related to annual variations of the presented period for Argentinarefer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.
288k wireless net adds & 98k new fixed-RGUs
We gained 288 thousand wireless subscribers in the fourth quarter, including 124 thousand postpaids. Our wireless base ended the period with 25.9 million subscribers, 3.9% more than a year before. On the fixed-line platform, we added 98 thousand fixed-line RGUs, including 45 thousand broadband accesses and 11 thousand PayTV subscriptions, to reach a total of 3.7 million fixed-line RGUs, 14.2% more than in 2023.
Service revenue +28.2% YoY
The gradual yet consistent decline in inflation and a slight recovery in real wages bolstered consumer confidence as households regained purchasing power and were able to spend more on essential goods and services. Our figures for the last quarter reflect such trends, with revenue rising 20.2% annually in after-inflation terms, up from 10.0% in the third quarter, with service-revenue growth accelerating to a 28.2% pace. Mobile service revenue growth nearly doubled to 24.3%, whereas fixed-line service revenue shot up 45.8% reflecting strong consumer preference for our fiber-optic network and attractive commercial plans. Broadband revenue increased 58.6% while PayTV revenue rose 48.2% in after-inflation terms.
EBITDA margin at 39.9% of revenue, +1.4pp YoY
With strong commercial activity EBITDA growth, 24.5% year-on-year, more than doubled relative to that of the third quarter. Strong operating leverage helped the EBITDA margin climb 1.4 percentage points to 39.9%.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| INCOME STATEMENT -Argentina Millions of Constant ARS as of December 2024 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | ||||||
| Total Revenue^(1)^ | **** | 547,884 | **** | 455,691 | **** | 20.2% | **** | 2,015,019 | **** | 1,949,716 | 3.3% |
| Total Service<br>Revenue | 478,768 | 373,478 | 28.2% | 1,753,296 | 1,574,182 | 11.4% | |||||
| Wireless<br>Revenue | 448,070 | 387,149 | 15.7% | 1,656,094 | 1,674,074 | -1.1% | |||||
| Service<br>Revenue | 379,557 | 305,415 | 24.3% | 1,396,363 | 1,301,687 | 7.3% | |||||
| Equipment<br>Revenue | 68,514 | 81,734 | -16.2% | 259,731 | 372,387 | -30.3% | |||||
| Fixed Line Revenue^(2)^ | 99,211 | 68,063 | 45.8% | 356,933 | 272,496 | 31.0% | |||||
| EBITDA | **** | 218,357 | **** | 175,443 | **** | 24.5% | **** | 791,366 | **** | 765,164 | 3.4% |
| % total<br>revenue | 39.9% | 38.5% | 39.3% | 39.2% | |||||||
| EBIT | **** | 195,515 | **** | 147,641 | **** | 32.4% | **** | 706,095 | **** | 641,413 | 10.1% |
| % total<br>revenue | 35.7% | 32.4% | 35.0% | 32.9% |
^(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.
| Argentina OperatingData | |||||
|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | |||
| Wireless Subscribers(thousands) | **** | 25,909 | **** | 24,928 | 3.9% |
| Postpaid | 9,648 | 9,448 | 2.1% | ||
| Prepaid | 16,261 | 15,480 | 5.0% | ||
| ARPU(ARS) | **** | 4,798 | **** | 1,582 | 203.3% |
| Churn(%) | **** | 1.2% | **** | 1.2% | (0.0) |
| Revenue Generating Units (RGUs)^(1)^ | **** | 3,668 | **** | 3,212 | 14.2% |
^(1)^Fixed Line, Broadband and Television.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Central America
272k wireless net adds
Altogether, our Central American operations added 272 thousand new mobile subscribers in the fourth quarter—including 75 thousand postpaid clients—to finish December with 17.2 million subscribers. On the fixed-line platform we gained 83 thousand units, of which 40 thousand were broadband accesses and 27 thousand PayTV subscriptions.
Mobile service revenue 10.8% YoY
Revenue increased 9.6% year-on-year to 696 million dollars, with service revenue rising 8.9%. Mobile service revenue growth remained strong at 10.8% in the period, with postpaid service revenue growth accelerating to a rate of 12.5% annually. On the fixed-line platform, service revenue increased 5.2%, up from 3.9% in the third quarter, led by broadband revenue that expanded 9.3%, closely followed by corporate networks up 9.2%.
EBITDA +18.5% YoY
EBITDA came in at 321 million dollars, an 18.5% increase over the year-earlier quarter on greater operating leverage. The EBITDA margin climbed 3.5 percentage points over the period, to 46.1%.
INCOME STATEMENT - CentralAmerica Millions of Dollars
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue^(1)^ | **** | 696 | **** | 635 | **** | 9.6% | **** | 2,622 | **** | 2,477 | 5.8% |
| Total Service<br>Revenue | 608 | 558 | 8.9% | 2,319 | 2,159 | 7.4% | |||||
| Wireless<br>Revenue | 491 | 438 | 12.0% | 1,826 | 1,700 | 7.4% | |||||
| Service<br>Revenue | 412 | 372 | 10.8% | 1,554 | 1,423 | 9.2% | |||||
| Equipment<br>Revenue | 79 | 66 | 19.0% | 272 | 277 | -1.7% | |||||
| Fixed Line Revenue^(2)^ | 198 | 192 | 3.1% | 778 | 760 | 2.4% | |||||
| EBITDA | **** | 321 | **** | 271 | **** | 18.5% | **** | 1,143 | **** | 1,041 | 9.8% |
| % total<br>revenue | 46.1% | 42.7% | 43.6% | 42.0% | |||||||
| EBIT | **** | 163 | **** | 132 | **** | 23.4% | **** | 538 | **** | 492 | 9.4% |
| % total<br>revenue | 23.4% | 20.8% | 20.5% | 19.9% |
^(1)^Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues includes other revenue. ^^
^(2)^Includes equipment revenue.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Central America Operating Data
| 4Q23 | Var.% | |||
|---|---|---|---|---|
| Wireless Subscribers<br>(thousands) | 17,241 | **** | 17,266 | -0.1% |
| Postpaid | 2,793 | 2,592 | 7.8% | |
| Prepaid | 14,447 | 14,674 | -1.5% | |
| ARPU<br>(US) | 8 | **** | 7 | 10.4% |
| Churn<br>(%) | 5.5% | **** | 5.7% | (0.2) |
| Revenue Generating Units<br>(RGUs)(1) | 5,203 | **** | 4,923 | 5.7% |
All values are in US Dollars.
^(1)^Fixed Line, Broadband and Television.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
The Caribbean
74k wireless net adds
We gained 74 thousand net subscriber additions in the quarter including 25 thousand postpaids. Our wireless base reached 7.9 million subscribers at the end of December, a 4.2% increase over 2023. In the fixed-line segment, we connected 14 thousand RGUs of which 10 thousand were broadband accesses. Fixed-line RGUs totaled 2.8 million at the end of 2024.
EBITDA +5.8% in Dominican Republic
In Dominican Republic, revenue increased 1.9% over the year to 15.8 billion Dominican pesos, with mobile service revenue rising 3.4% and fixed-line service revenue 3.8%. EBITDA of 8.2 billion Dominican pesos was up 5.8% over the year, leading the EBITDA margin to rise two percentage points in the period, to 51.9%.
Adjusted EBITDA +6.4% in Puerto Rico
In Puerto Rico revenue declined 6.9% year-on-year to 216 million dollars, with service revenue down 4.2% and equipment revenue falling 12.0%. EBITDA came in at 40 million dollars; it represented a 6.4% increase relative to the year-earlier quarter adjusting for a reduction in the cost of certain pension-related costs booked in the fourth quarter of 2023.
INCOME STATEMENT - The Caribbean Millions of Dollars
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue^(1)^ | **** | 476 | **** | 503 | **** | -5.2% | **** | 1,923 | **** | 2,087 | -7.8% |
| Total Service<br>Revenue | 418 | 431 | -3.0% | 1,693 | 1,717 | -1.4% | |||||
| Wireless<br>Revenue | 299 | 318 | -5.9% | 1,212 | 1,237 | -2.0% | |||||
| Service<br>Revenue | 241 | 253 | -4.9% | 986 | 1,013 | -2.7% | |||||
| Equipment<br>Revenue | 58 | 65 | -9.9% | 226 | 224 | 1.0% | |||||
| Fixed Line Revenue^(2)^ | 180 | 183 | -1.8% | 720 | 719 | 0.1% | |||||
| Other<br>Revenue | -2 | 2 | -232.0% | -9 | 131 | -106.6% | |||||
| EBITDA | **** | 175 | **** | 191 | **** | -8.4% | **** | 710 | **** | 831 | -14.5% |
| % total<br>revenue | 36.7% | 38.0% | 36.9% | 39.8% | |||||||
| Adjusted EBITDA^(3)^ | **** | 175 | **** | 176 | **** | -0.5% | **** | 710 | **** | 722 | -1.6% |
| % total<br>revenue | 36.7% | 35.0% | 36.9% | 37.0% | |||||||
| EBIT | **** | 81 | **** | 83 | **** | -2.4% | **** | 331 | **** | 430 | -23.1% |
| % total<br>revenue | 17.1% | 16.6% | 17.2% | 20.6% |
^(1)^Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income. ^^
^(2)^Includes equipment revenue.
^(3)^Adjusted for the sale of towers in The Dominican Republic in 2023 and for a change in the pension plan contribution in Puerto Rico in 2023.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
The Caribbean Operating Data
| 4Q23 | Var.% | ||||
|---|---|---|---|---|---|
| Wireless Subscribers<br>(thousands) | 7,910 | **** | 7,592 | **** | 4.2% |
| Postpaid | 2,315 | 2,243 | 3.2% | ||
| Prepaid | 5,595 | 5,349 | 4.6% | ||
| ARPU<br>(US) | 10 | **** | 11 | **** | -9.0% |
| Churn<br>(%) | 3.0% | **** | 3.2% | **** | -0.2 |
| Revenue Generating Units<br>(RGUs)(1) | 2,843 | **** | 2,787 | **** | 2.0% |
All values are in US Dollars.
^(1)^ Fixed Line, Broadband and Television.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Austria
We added 634 thousand M2M units and ten thousand wireless units in the fourth quarter to finish December with almost 12 million wireless subscribers. On the fixed-line platform we disconnected 27 thousand units, including 21 thousand landlines, taking the base down to 2.7 million RGUs.
Broadband revenue +5.1% YoY
Fourth quarter revenue totaled 734 million euros, 2.9% more than a year before, with service revenue rising 1.0%. Service revenue growth in the fixed-line platform picked up to 2.2% from 1.7% the precedent quarter, on the back of corporate networks revenue that rose 6.9% and broadband revenue that increased 5.1%, up from 4.3% and 2.5%, respectively, in the third quarter. Mobile service revenue decreased 0.5% over the prior year.
Adjusted EBITDA +5.8% YoY
EBITDA for the quarter, 254 million euros, was slightly adjusted downwards to 249 million euros to compensate for some extraordinary revenue in the quarter. Adjusted EBITDA was up 5.8% year-on-year when correcting also for the reversal of certain provisions a year ago having to do with stamp duties.
| INCOMESTATEMENT - Austria Millions of Euros | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
| Total Revenue^(1)^ | **** | 734 | **** | 714 | **** | 2.9% | **** | 2,807 | **** | 2,798 | **** | 0.3% |
| Total Service<br>Revenue | 632 | 626 | 1.0% | 2,487 | 2,463 | 1.0% | ||||||
| Wireless<br>Revenue | 337 | 332 | 1.6% | 1,293 | 1,287 | 0.5% | ||||||
| Service<br>Revenue | 270 | 272 | -0.5% | 1,083 | 1,070 | 1.2% | ||||||
| Equipment<br>Revenue | 67 | 60 | 11.2% | 210 | 217 | -3.2% | ||||||
| Fixed Line Revenue^(2)^ | 377 | 370 | 1.9% | 1,449 | 1,461 | -0.8% | ||||||
| EBITDA | **** | 254 | **** | 276 | **** | -8.1% | **** | 1,039 | **** | 1,064 | **** | -2.3% |
| % total<br>revenue | 34.6% | 38.7% | 37.0% | 38.0% | ||||||||
| AdjustedEBITDA | **** | 249 | **** | 236 | **** | 5.8% | **** | 1,033 | **** | 1,030 | **** | 0.3% |
| % total<br>revenue | 33.9% | 33.0% | 36.8% | 36.8% | ||||||||
| EBIT | **** | 85 | **** | 118 | **** | -28.1% | **** | 387 | **** | 493 | **** | -21.5% |
| % total<br>revenue | 11.6% | 16.5% | 13.8% | 17.6% |
For further detail please visit www.a1.group/en/investor-relations
^(1)^ Total revenue includes other revenue.
^(2)^ Includes equipment revenue.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| AustriaOperating Data | |||
|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | |
| WirelessSubscribers (thousands) | 5,131 | 5,127 | 0.1% |
| Postpaid | 4,069 | 4,070 | 0.0% |
| Prepaid | 1,062 | 1,056 | 0.6% |
| A1 DigitalSubscribers (thousands) | 6,833 | 5,108 | 33.8% |
| ARPU (Euros)^(1)^ | 18 | 18 | -0.3% |
| Churn (%)^(1)^ | 1.3% | 1.3% | 0.0 |
| Revenue Generating Units (RGUs)^(2)^ | 2,727 | 2,847 | -4.2% |
^(1)^Does not include A1 Digital subscribers.
^(2)^Fixed Line, Broadband and Television.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Other European
68k postpaid net adds
Our combined operations in Eastern Europe gained 68 thousand postpaid subscribers but disconnected 256 thousand prepaids, for a net disconnection of 188 thousand subscribers in the quarter. Our subscriber base stood at 15.2 million at the end of December. On the fixed-line platform, we gained 87 thousand RGUs, including 60 thousand PayTV units and 30 thousand broadband accesses, to reach a total of 3.6 million RGUs in the region, 5.9% more than in the previous year.
Fixed-line service revenue +10.8% YoY
After increasing 12.3% annually fourth quarter revenue, 742 million euros, was for the first time higher than that of Austria. Service revenue increased 6.7%, with fixed-line revenue rising 10.8% driven by the solid growth of broadband and corporate networks, up 12.8% and 12.5% respectively, with PayTV revenue rising 9.3%. Mobile service revenue increased 5.0%.
EBITDA +23.8% YoY
Strong revenue growth in both platforms and efficiency gains resulted in a 23.8% jump in EBITDA to 271 million euros, with the EBITDA margin climbing 3.4 percentage points from a year before to 36.6%.
| INCOME STATEMENT - Other European Millions of Euros | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |||||||
| Total Revenue^(1)^ | **** | 742 | **** | 661 | **** | 12.3% | **** | 2,623 | **** | 2,484 | **** | 5.6% |
| Total Service<br>Revenue | 522 | 489 | 6.7% | 2,031 | 1,911 | 6.3% | ||||||
| Wireless<br>Revenue | 505 | 469 | 7.8% | 1,887 | 1,821 | 3.6% | ||||||
| Service<br>Revenue | 358 | 342 | 5.0% | 1,425 | 1,368 | 4.2% | ||||||
| Equipment<br>Revenue | 147 | 127 | 15.6% | 462 | 453 | 1.9% | ||||||
| Fixed Line Revenue^(2)^ | 224 | 179 | 25.3% | 701 | 616 | 13.9% | ||||||
| EBITDA | **** | 271 | **** | 219 | **** | 23.8% | **** | 1,016 | **** | 915 | **** | 11.0% |
| % total<br>revenue | 36.6% | 33.2% | 38.7% | 36.8% | ||||||||
| EBIT | **** | 138 | **** | 99 | **** | 39.4% | **** | 513 | **** | 478 | **** | 7.3% |
| % total<br>revenue | 18.7% | 15.0% | 19.6% | 19.3% |
For further detail please visit www.a1.group/en/investor-relations
^(1)^ Total revenue includes other revenue.
^(2)^ Includes equipment revenue.
| Content |
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| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| OtherEuropean Operating Data | |||
|---|---|---|---|
| 4Q24 | 4Q23 | Var.% | |
| WirelessSubscribers (thousands) | 15,159 | 15,011 | 1.0% |
| Postpaid | 12,545 | 12,333 | 1.7% |
| Prepaid | 2,614 | 2,678 | -2.4% |
| ARPU(Euros) | 8 | 8 | 4.0% |
| Churn(%) | 2.2% | 2.2% | 0.0 |
| Revenue Generating Units (RGUs)^(1)^ | 3,625 | 3,423 | 5.9% |
^(1)^ Fixed Line, Broadband and Television.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| Exchange Rates Local Currency Units per MxP | **** | ||||||
|---|---|---|---|---|---|---|---|
| 4Q23 | Var.% | **** | Jan-Dec 24 | Jan-Dec 23 | Var.% | **** | |
| Euro | |||||||
| End of<br>Period | 0.0653 | -21.8 | % | 0.0511 | 0.0653 | -21.8 | % |
| Average | 0.0613 | -13.3 | % | 0.0591 | 0.0609 | -2.9 | % |
| End of<br>Period | 0.0592 | -16.7 | % | 0.0493 | 0.0592 | -16.7 | % |
| Average | 0.0569 | -12.5 | % | 0.0546 | 0.0563 | -3.0 | % |
| Brazilian<br>Real | |||||||
| End of<br>Period | 0.2866 | 6.6 | % | 0.3055 | 0.2866 | 6.6 | % |
| Average | 0.2818 | 3.2 | % | 0.2944 | 0.2813 | 4.7 | % |
| Argentinean<br>Peso | |||||||
| End of<br>Period | 47.8557 | 6.4 | % | 50.9169 | 47.8557 | 6.4 | % |
| Average | 25.4096 | 96.3 | % | 50.0510 | 16.6551 | 200.5 | % |
| Chilean<br>Peso | |||||||
| End of<br>Period | 51.9206 | -5.3 | % | 49.1635 | 51.9206 | -5.3 | % |
| Average | 50.9323 | -5.9 | % | 51.5338 | 47.2638 | 9.0 | % |
| Colombian<br>Peso | |||||||
| End of<br>Period | 226.2438 | -3.8 | % | 217.5392 | 226.2438 | -3.8 | % |
| Average | 231.7967 | -6.6 | % | 222.4847 | 243.8049 | -8.7 | % |
| Guatemalan<br>Quetzal | |||||||
| End of<br>Period | 0.4633 | -17.9 | % | 0.3802 | 0.4633 | -17.9 | % |
| Average | 0.4455 | -13.8 | % | 0.4239 | 0.4410 | -3.9 | % |
| Peruvian<br>Sol | |||||||
| End of<br>Period | 0.2198 | -15.4 | % | 0.1860 | 0.2198 | -15.4 | % |
| Average | 0.2153 | -13.1 | % | 0.2052 | 0.2110 | -2.7 | % |
| Dominican<br>Republic Peso | |||||||
| End of<br>Period | 3.4564 | -12.4 | % | 3.0294 | 3.4564 | -12.4 | % |
| Average | 3.2514 | -7.3 | % | 3.2562 | 3.1631 | 2.9 | % |
| Belarusian<br>Ruble | |||||||
| End of<br>Period | 0.1627 | -16.7 | % | 0.1356 | 0.1627 | -16.7 | % |
| Average | 0.1564 | -12.5 | % | 0.1501 | 0.1547 | -3.0 | % |
All values are in US Dollars.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
| Exchange Rates Local Currency Units per | |||||
|---|---|---|---|---|---|
| 4Q23 | Var.% | Jan-Dec 24 | Jan-Dec 23 | Var.% | |
| Euro | |||||
| End of<br>Period | 1.1039 | -6.2% | 1.0358 | 1.1039 | -6.2% |
| Average | 1.0767 | -1.0% | 1.0819 | 1.0815 | 0.0% |
| Mexican<br>Peso | |||||
| End of<br>Period | 16.8935 | 20.0% | 20.2683 | 16.8935 | 20.0% |
| Average | 17.5770 | 14.3% | 18.3045 | 17.7617 | 3.1% |
| Brazilian<br>Real | |||||
| End of<br>Period | 4.8413 | 27.9% | 6.1923 | 4.8413 | 27.9% |
| Average | 4.9530 | 18.0% | 5.3888 | 4.9959 | 7.9% |
| Argentinean<br>Peso | |||||
| End of<br>Period | 808.4500 | 27.7% | 1,032.0000 | 808.4500 | 27.7% |
| Average | 446.6248 | 124.2% | 916.1609 | 295.8217 | 209.7% |
| Chilean<br>Peso | |||||
| End of<br>Period | 877.1200 | 13.6% | 996.4600 | 877.1200 | 13.6% |
| Average | 895.2365 | 7.5% | 943.3028 | 839.4845 | 12.4% |
| Colombian<br>Peso | |||||
| End of<br>Period | 3,822.0500 | 15.4% | 4,409.1500 | 3,822.0500 | 15.4% |
| Average | 4,074.2883 | 6.7% | 4,072.4814 | 4,330.3837 | -6.0% |
| Guatemalan<br>Quetzal | |||||
| End of<br>Period | 7.8270 | -1.5% | 7.7063 | 7.8270 | -1.5% |
| Average | 7.8314 | -1.5% | 7.7598 | 7.8336 | -0.9% |
| Peruvian<br>Sol | |||||
| End of<br>Period | 3.7130 | 1.5% | 3.7700 | 3.7130 | 1.5% |
| Average | 3.7846 | -0.7% | 3.7568 | 3.7469 | 0.3% |
| Dominican<br>Republic Peso | |||||
| End of<br>Period | 58.3900 | 5.2% | 61.4000 | 58.3900 | 5.2% |
| Average | 57.1493 | 5.9% | 59.6032 | 56.1826 | 6.1% |
All values are in US Dollars.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Appendix A
| Financial<br>Debt of América Móvil(1)<br>Millions | |||
|---|---|---|---|
| Dec -23 | |||
| Peso - denominated<br>debt (MxP) | 130,585 | **** | 142,607 |
| Bonds(2) | 120,205 | 89,927 | |
| Banks and<br>others | 10,380 | 52,680 | |
| U.S. Dollar - denominated debt () | 10,254 | **** | 8,496 |
| Bonds | 9,094 | 8,496 | |
| Banks and<br>others | 1,160 | 0 | |
| Euro - denominated<br>Debt () | 4,318 | **** | 6,542 |
| Bonds | 2,782 | 5,472 | |
| Commercial<br>Paper | 1,246 | 510 | |
| Banks and<br>others | 290 | 560 | |
| Sterling - denominated<br>Debt () | 2,200 | **** | 2,200 |
| Bonds | 2,200 | 2,200 | |
| Reais - denominated<br>Debt (BRL) | 10,000 | **** | 8,250 |
| Bonds | 10,000 | 8,250 | |
| Banks and<br>others | 0 | 0 | |
| Debt denominated in<br>other currencies (MxP)(3) | 50,852 | **** | 16,441 |
| Bonds | 5,581 | 5,098 | |
| Banks and<br>others | 45,271 | 11,343 | |
| Total Debt<br>(MxP) | 568,482 | **** | 500,677 |
| Cash, Marketable<br>Securities and Short Term Financial Investments (MxP)(4) | 83,336 | 115,268 | |
| Net Debt<br>(MxP) | 485,146 | **** | 385,409 |
All values are in US Dollars.
^(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 Peruvian soles.
^(4)^ Includes fixed income securities.
| Content |
|---|
| Highlights |
| Relevant<br><br><br>events |
| Subscribers |
| América |
| Móvil |
| Consolidated |
| Mexico |
| Brazil |
| Colombia |
| Other South |
| America |
| Central |
| America<br><br><br>and The |
| Caribbean |
| Austria |
| Other |
| European |
| Currency |
| Exchange |
| Rates |
| Appendix |
| Glossary |
Glossary of Terms
| ARPU | Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period. |
|---|---|
| Capex | Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure. |
| Churn | Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period. |
| EBIT | Earnings Before Interest and Taxes, also known as Operating Profit. |
| EBIT margin | The ratio of EBIT to total operating revenue. |
| EBITDA | Earnings Before Interest, Taxes, Depreciation, and Amortization. |
| EBITDAaL | Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments. |
| EBITDA margin | The ratio of EBITDA to total operating revenue. |
| EPS (Mexican pesos) | Earnings per share. Total earnings in Mexican pesos divided by total shares. |
| Earnings per ADR (US$) | Total earnings in U.S. dollars divided by total ADRs equivalent. |
| Gross additions | Total number of subscribers acquired during the period. |
| Licensed pops | Licensed population. Population covered by the licenses that each of the companies manage. |
| Content | |
| --- | |
| Highlights | |
| Relevant<br><br><br>events | |
| Subscribers | |
| América | |
| Móvil | |
| Consolidated | |
| Mexico | |
| Brazil | |
| Colombia | |
| Other South | |
| America | |
| Central | |
| America<br><br><br>and The | |
| Caribbean | |
| Austria | |
| Other | |
| European | |
| 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<br>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<br><br><br>events | |
| Subscribers | |
| América | |
| Móvil | |
| Consolidated | |
| Mexico | |
| Brazil | |
| Colombia | |
| Other South | |
| America | |
| Central | |
| America<br><br><br>and The | |
| Caribbean | |
| Austria | |
| Other | |
| European | |
| 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: February 13, 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 |