America Movil Sab De CV 6-K, filed Oct 17, 2024

America Movil Sab De CV (AMX)

6-K 2024-10-17 For: 2024-10-17

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Added on April 03, 2026

About this 6-K

America Movil Sab De CV filed this 6-K on October 17, 2024.

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		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary


América Móvil Fundamentals

	3Q24	3Q23

Earnings per Share (Mex$)⁽¹⁾	0.10	0.03

Earning per ADR (US$)⁽²⁾	0.11	0.04

EBITDA per Share (Mex$)⁽³⁾	1.45	1.27

EBITDA per ADR (US$)	1.54	1.49

Net Income (millions of Mex$)	6,427	2,028

Average Shares Outstanding (billion)	61.5	63.1

Shares Outstanding End of Period (billion)	61.4	62.9


América Móvil’s Subsidiaries as of September 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	60.2%

	EuroTeleSites	towers	57.0%

Brazil	Claro	wireless/wireline	99.6%

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	95.8%

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%

Other Stakeholdings

Country	Brand	Main Activity	Equity

Chile	Claro/VTR	wireless/wireline	50.0%


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary


Wireless subscribers as of September 2024

Total⁽¹⁾(Thousands)

Country	Sep ’24	Jun ’24	Var.	%	Sep ’23	Var.	%

Argentina, Paraguay and Uruguay	28,840	28,531	1.1	%	27,614	4.4	%

Austria⁽²⁾	11,320	10,887	4.0	%	9,917	14.1	%

Brazil	88,276	88,328	-0.1	%	85,032	3.8	%

Central America	16,969	16,786	1.1	%	16,947	0.1	%

The Caribbean	7,836	7,743	1.2	%	7,525	4.1	%

Colombia	40,597	40,187	1.0	%	38,701	4.9	%

Eastern Europe	15,347	15,062	1.9	%	15,215	0.9	%

Ecuador	9,689	9,610	0.8	%	9,361	3.5	%

Mexico	84,171	84,199	0.0	%	83,417	0.9	%

Peru	12,772	12,662	0.9	%	12,447	2.6	%

Total Wireless Lines	315,816	313,995	0.6	%	306,176	3.1	%


Fixed-Line and Other Accesses (RGUs) as of September 2024

Total⁽¹⁾(Thousands)

Country	Sep ’24	Jun ’24	Var.	%	Sep ’23	Var.	%

Argentina, Paraguay and Uruguay	3,930	3,825	2.7	%	3,417	15.0	%

Austria	2,754	2,782	-1.0	%	2,872	-4.1	%

Brazil	22,509	22,697	-0.8	%	23,262	-3.2	%

Central America	5,120	5,027	1.8	%	4,834	5.9	%

The Caribbean	2,829	2,827	0.1	%	2,768	2.2	%

Colombia	9,561	9,521	0.4	%	9,413	1.6	%

Eastern Europe	3,539	3,501	1.1	%	3,378	4.7	%

Ecuador	579	560	3.4	%	555	4.3	%

Mexico	21,815	21,724	0.4	%	20,999	3.9	%

Peru	1,948	1,904	2.3	%	1,951	-0.2	%

Total RGUs	74,582	74,368	0.3	%	73,449	1.5	%


Broadband accesses as of September 2024

Total⁽¹⁾(Thousands)

Country	Sep ’24	Jun ’24	Var.	%	Sep ’23	Var.	%

Argentina, Paraguay and Uruguay	1,639	1,587	3.3	%	1,390	17.9	%

Austria	1,258	1,268	-0.8	%	1,288	-2.3	%

Brazil	10,204	10,145	0.6	%	9,930	2.8	%

Central America	1,645	1,603	2.6	%	1,515	8.5	%

The Caribbean	1,076	1,073	0.3	%	1,036	3.8	%

Colombia	3,421	3,406	0.4	%	3,360	1.8	%

Eastern Europe	1,511	1,493	1.2	%	1,425	6.0	%

Ecuador	344	333	3.3	%	313	10.0	%

Mexico	11,077	10,962	1.1	%	10,324	7.3	%

Peru	1,048	1,027	2.0	%	992	5.6	%

Total Broadband Accesses	33,224	32,897	1.0	%	31,573	5.2	%


América Móvil’s Income Statement Millions of Mexican pesos

	3Q24			3Q23			Var.%			Jan-Sep 24			Jan-Sep 23			Var.%

Service Revenue		188,170			169,052			11.3	%		534,198			507,310			5.3	%

Equipment Revenue		32,247			31,105			3.7	%		90,260			93,441			-3.4	%

Other Revenue		3,041			3,685			-17.5	%		7,822			14,549			-46.2	%

Total Revenue		223,458			203,842			9.6	%		632,280			615,300			2.8	%

Cost of Service		56,611			51,989			8.9	%		160,684			155,144			3.6	%

Cost of Equipment		28,125			27,120			3.7	%		77,856			82,035			-5.1	%

Selling, General & Administrative Expenses		47,364			43,189			9.7	%		135,654			131,043			3.5	%

Others		1,937			1,648			17.5	%		4,966			5,775			-14.0	%

Total Costs and Expenses		134,036			123,947			8.1	%		379,160			373,997			1.4	%


EBITDA		89,422			79,896			11.9	%		253,120			241,303			4.9	%

% of Total Revenue		40.0	%		39.2	%					40.0	%		39.2	%

Adjusted EBITDA⁽¹⁾		89,154			78,898			13.0	%		252,596			235,704			7.2	%

% of Total Revenue		39.9	%		38.9	%					40.0	%		38.8	%



Depreciation & Amortization		41,979			38,353			9.5	%		119,411			115,327			3.5	%

EBIT		47,443			41,543			14.2	%		133,709			125,976			6.1	%

% of Total Revenue		21.2	%		20.4	%					21.1	%		20.5	%


Net Interest Expenses		11,464			8,811			30.1	%		34,410			25,650			34.2	%

Other Financial Expenses		-7,722			8,674			-189.0	%		-10,541			21,313			-149.5	%

Foreign Exchange Loss		24,582			12,255			100.6	%		58,373			-15,494			n.m.

Comprehensive Financing Cost (Income)		28,323			29,740			-4.8	%		82,241			31,469			161.3	%

Income & Deferred Taxes		9,622			6,350			51.5	%		25,061			29,113			-13.9	%

Net Income before Minority Interest and Equity Participation in Results of Affiliates		9,498			5,453			74.2	%		26,407			65,394			-59.6	%

Equity Participation in Results of Affiliates		-1,647			-2,119			22.3	%		-4,372			-3,731			-17.2	%

Minority Interest		-1,424			-1,306			-9.0	%		-3,207			-3,614			11.3	%

Net Income		6,427			2,028			216.8	%		18,828			58,049			-67.6	%


Balance Sheet - América Móvil Consolidated⁽¹⁾ Millions of Mexican Pesos

	Sep ‘24		Dec ‘23		Var.%				Sep ‘24		Dec ‘23		Var.%

Current Assets								Current Liabilities

Cash, Marketable Securities & Other Short Term Investments		82,809		100,353		-17.5	%	Short Term Debt		114,542		160,964		-28.8	%

Accounts Receivable		238,578		208,248		14.6	%	Lease-Related Debt⁽²⁾		34,627		24,375		42.1	%

Other Current Assets		20,140		12,294		63.8	%	Accounts Payable		143,045		147,904		-3.3	%

Inventories		25,247		19,272		31.0	%	Other Current Liabilities		215,879		182,003		18.6	%

		366,774		340,167		7.8	%			508,092		515,246		-1.4	%


Non Current Assets								Non Current Liabilities

Plant & Equipment, gross		1,473,858		1,233,364		19.5	%	Long Term Debt		428,167		339,713		26.0	%

-Depreciation		788,546		604,713		30.4	%	Lease-Related Debt⁽²⁾		178,796		100,794		77.4	%

Plant & Equipment, net		685,312		628,651		9.0	%	Other Liabilities		193,816		186,730		3.8	%

Rights of Use⁽²⁾		199,867		113,568		76.0	%			800,779		627,238		27.7	%

Investments in Affiliates and Other Investments		37,138		29,295		26.8	%


Deferred Assets

Goodwill (Net)		157,305		146,079		7.7	%

Intangible Assets		144,603		121,499		19.0	%	Shareholder’s Equity		477,026		421,702		13.1	%

Deferred Assets		194,898		184,927		5.4	%



Total Assets		1,785,897		1,564,186		14.2	%	Total Liabilities and Equity		1,785,897		1,564,186		14.2	%


INCOME STATEMENT - Mexico Millions of MxP

	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		83,796		81,904		2.3%		248,173		239,970		3.4%

Total Service Revenue		65,382		62,637		4.4%		195,815		185,876		5.3%

Wireless Revenue		60,331		59,626		1.2%		178,995		175,593		1.9%

Service Revenue		44,563		42,931		3.8%		133,214		127,444		4.5%

Equipment Revenue		15,768		16,695		-5.6%		45,781		48,149		-4.9%

Fixed Line Revenue⁽²⁾		20,902		19,817		5.5%		62,822		58,742		6.9%

Other Revenue		2,563		2,461		4.2%		6,357		5,636		12.8%

EBITDA		35,138		33,327		5.4%		105,767		97,989		7.9%

% total revenue		41.9%		40.7%				42.6%		40.8%

Adjusted EBITDA⁽³⁾		34,871		32,390		7.7%		105,243		97,053		8.4%

% total revenue		41.7%		40.0%				42.5%		40.6%

EBIT		26,732		24,654		8.4%		80,632		72,385		11.4%

% total revenue		31.9%		30.1%				32.5%		30.2%


INCOME STATEMENT - Peru Millions of Soles

	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		1,690		1,624		4.1%		4,935		5,623		-12.2%

Total Service Revenue		1,303		1,235		5.5%		3,850		3,644		5.6%

Wireless Revenue		1,357		1,250		8.5%		3,942		3,822		3.1%

Service Revenue		980		929		5.5%		2,884		2,744		5.1%

Equipment Revenue		377		321		17.4%		1,057		1,078		-1.9%

Fixed Line Revenue⁽²⁾		323		306		5.8%		965		900		7.2%

Other Revenue		10		68		-85.2%		28		901		-96.8%

EBITDA		640		599		6.9%		1,863		2,349		-20.7%

% total revenue		37.9%		36.9%				37.8%		41.8%

Adjusted EBITDA⁽³⁾		640		558		14.6%		1,863		1,700		9.6%

% total revenue		37.9%		35.7%				37.8%		35.9%

EBIT		311		280		11.1%		879		1,374		-36.0%

% total revenue		18.4%		17.2%				17.8%		24.4%


INCOME STATEMENT - Ecuador Millions of Dollars

	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		253		259		-2.3%		764		779		-1.9%

Total Service Revenue		225		228		-1.5%		677		683		-0.9%

Wireless Revenue		226		231		-2.3%		679		697		-2.6%

Service Revenue		198		202		-1.9%		597		604		-1.2%

Equipment Revenue		27		29		-5.1%		82		93		-11.3%

Fixed Line Revenue⁽²⁾		27		27		-0.5%		81		80		0.5%

EBITDA		124		126		-1.4%		371		376		-1.5%

% total revenue		49.0%		48.6%				48.5%		48.3%

EBIT		69		70		-1.5%		206		210		-1.6%

% total revenue		27.1%		26.9%				27.0%		26.9%


INCOME STATEMENT - Argentina Millions of Constant ARS as of September 2024

	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		493,726		449,033		10.0%		1,355,878		1,380,778		-1.8%

Total Service Revenue		429,698		366,543		17.2%		1,177,876		1,109,691		6.1%

Wireless Revenue		405,635		382,200		6.1%		1,116,415		1,189,376		-6.1%

Service Revenue		342,084		300,810		13.7%		939,698		920,754		2.1%

Equipment Revenue		63,550		81,391		-21.9%		176,717		268,622		-34.2%

Fixed Line Revenue⁽²⁾		87,614		65,734		33.3%		238,178		188,937		26.1%

EBITDA		195,006		174,508		11.7%		529,556		545,019		-2.8%

% total revenue		39.5%		38.9%				39.1%		39.5%

EBIT		174,759		148,760		17.5%		471,861		456,344		3.4%

% total revenue		35.4%		33.1%				34.8%		33.0%



INCOME STATEMENT - Austria Millions of Euros

	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		700		704		-0.6%		2,073		2,084		-0.5%

Total Service Revenue		627		622		0.8%		1,855		1,837		1.0%

Wireless Revenue		320		323		-0.8%		956		955		0.1%

Service Revenue		274		275		-0.3%		813		798		1.8%

Equipment Revenue		46		48		-3.7%		143		157		-8.7%

Fixed Line Revenue⁽²⁾		364		368		-1.1%		1,073		1,092		-1.7%

EBITDA		277		286		-3.3%		785		787		-0.3%

% total revenue		39.5%		40.6%				37.9%		37.8%

EBIT		111		148		-25.0%		302		375		-19.4%

% total revenue		15.8%		21.0%				14.6%		18.0%


	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		12,339		11,489		7.4%		36,112		33,930		6.4%

Total Service Revenue		11,711		10,924		7.2%		34,351		32,381		6.1%

Wireless Revenue		7,224		6,526		10.7%		21,013		19,133		9.8%

Service Revenue		6,619		6,030		9.8%		19,304		17,693		9.1%

Equipment Revenue		606		496		22.0%		1,709		1,440		18.7%

Fixed Line Revenue⁽²⁾		5,104		4,894		4.3%		15,059		14,688		2.5%

EBITDA		5,416		4,784		13.2%		15,692		14,000		12.1%

% total revenue		43.9%		41.6%				43.5%		41.3%

EBIT		2,291		1,686		35.9%		6,281		4,786		31.2%

% total revenue		18.6%		14.7%				17.4%		14.1%



	3Q24		3Q23		Var.%

Wireless Subscribers (thousands)		88,276		85,032		3.8%

Postpaid		53,242		49,698		7.1%

Prepaid		35,035		35,334		-0.8%

ARPU (BrL)		25		24		4.8%

Churn (%)		2.6%		2.5%		0.1

Revenue Generating Units (RGUs)⁽¹⁾		22,509		23,262		-3.2%

Fixed Lines		7,506		8,041		-6.6%

Broadband		10,204		9,930		2.8%

PayTV		4,798		5,291		-9.3%


	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		3,905		3,739		4.5%		11,534		11,269		2.4%

Total Service Revenue		2,999		2,871		4.5%		8,903		8,657		2.8%

Wireless Revenue		2,620		2,491		5.2%		7,690		7,554		1.8%

Service Revenue		1,787		1,719		4.0%		5,271		5,153		2.3%

Equipment Revenue		833		772		7.9%		2,419		2,401		0.7%

Fixed Line Revenue⁽²⁾		1,242		1,181		5.2%		3,711		3,578		3.7%

EBITDA		1,646		1,581		4.1%		4,777		4,696		1.7%

% total revenue		42.2%		42.3%				41.4%		41.7%

EBIT		734		763		-3.8%		2,157		2,360		-8.6%

% total revenue		18.8%		20.4%				18.7%		20.9%



Austria Operating Data

	3Q24	3Q23	Var.%

Wireless Subscribers (thousands)	5,121	5,142	-0.4%

Postpaid	4,059	4,075	-0.4%

Prepaid	1,062	1,067	-0.6%

A1 Digital Subscribers (thousands)	6,199	4,775	29.8%

ARPU (Euros)⁽¹⁾	18	18	0.1%

Churn (%)⁽¹⁾	1.3%	1.2%	0.1

Revenue Generating Units (RGUs)⁽²⁾	2,754	2,872	-4.1%



INCOME STATEMENT - Other European Millions of Euros

	3Q24		3Q23		Var.%		Jan-Sep 24		Jan-Sep 23		Var.%

Total Revenue⁽¹⁾		663		633		4.7%		1,882		1,824		3.2%

Total Service Revenue		532		505		5.5%		1,509		1,422		6.1%

Wireless Revenue		488		468		4.2%		1,382		1,353		2.2%

Service Revenue		379		361		4.9%		1,067		1,026		3.9%

Equipment Revenue		109		107		1.7%		315		326		-3.4%

Fixed Line Revenue⁽²⁾		168		156		7.2%		477		437		9.0%

EBITDA		278		248		11.9%		744		696		6.9%

% total revenue		41.9%		39.2%				39.5%		38.2%

EBIT		152		141		7.5%		375		379		-1.1%

% total revenue		22.9%		22.3%				19.9%		20.8%


Exchange Rates Local Currency Units per MxP

	3Q24	3Q23	Var.%		Jan-Sep 24	Jan-Sep 23	Var.	%

Euro

End of Period	0.0567	0.0596	-4.9	%	0.0567	0.0596	-4.9	%

Average	0.0581	0.0638	-9.0	%	0.0614	0.0608	1.0	%

USD

End of Period	0.0509	0.0564	-9.7	%	0.0509	0.0564	-9.7	%

Average	0.0528	0.0587	-9.9	%	0.0565	0.0561	0.6	%

Brazilian Real

End of Period	0.2776	0.2825	-1.7	%	0.2776	0.2825	-1.7	%

Average	0.2930	0.2863	2.4	%	0.2957	0.2811	5.2	%

Argentinean Peso

End of Period	49.4422	19.7392	150.5	%	49.4422	19.7392	150.5	%

Average	49.8239	18.3370	171.7	%	50.1190	13.7772	263.8	%

Colombian Peso

End of Period	212.1458	230.4495	-7.9	%	212.1458	230.4495	-7.9	%

Average	216.5670	237.6501	-8.9	%	224.7393	247.7523	-9.3	%

Guatemalan Quetzal

End of Period	0.3935	0.4433	-11.2	%	0.3935	0.4433	-11.2	%

Average	0.4090	0.4611	-11.3	%	0.4389	0.4396	-0.1	%

Peruvian Sol

End of Period	0.1892	0.2142	-11.7	%	0.1892	0.2142	-11.7	%

Average	0.1987	0.2158	-8.0	%	0.2121	0.2095	1.2	%

Dominican Republic Peso

End of Period	3.0699	3.2123	-4.4	%	3.0699	3.2123	-4.4	%

Average	3.1582	3.3257	-5.0	%	3.3482	3.1341	6.8	%

Belarusian Ruble

End of Period	0.1400	0.1550	-9.7	%	0.1400	0.1550	-9.7	%

Average	0.1452	0.1612	-9.9	%	0.1552	0.1542	0.6	%



Financial Debt of América Móvil⁽¹⁾ Millions

	Sep -24		Dec -23

Peso - denominated debt (MxP)		147,521		142,607

Bonds⁽²⁾		133,241		89,927

Banks and others		14,280		52,680

U.S. Dollar - denominated debt (USD)		8,907		8,496

Bonds		8,496		8,496

Banks and others		411		0

Euro - denominated Debt (EUR)		4,195		6,542

Bonds		2,782		5,472

Commercial Paper		1,083		510

Banks and others		330		560

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

Bonds		2,200		2,200

Reais - denominated Debt (BRL)		9,500		8,250

Bonds		9,500		8,250

Banks and others		0		0

Debt denominated in other currencies (MxP)⁽³⁾		36,663		16,441

Bonds		5,921		5,098

Banks and others		30,742		11,343

Total Debt (MxP)		542,709		500,677

Cash, Marketable Securities and Short Term Financial Investments (MxP)⁽⁴⁾		106,528		115,268

Net Debt (MxP)		436,180		385,409


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.


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.


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