FMX 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(Exact name of Registrant as specified in its charter)

Mexican Economic Development, Inc.

(Translation of Registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

General Anaya No. 601 Pte.

Colonia Bella Vista

Monterrey, Nuevo León 64410

México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports

under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as

permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as

permitted by Regulation S-T Rule 101(b)(7): ¨

Indicate by check mark whether by furnishing the information contained in this

Form, the registrant is also thereby furnishing the information to the

Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No x

If "Yes" is marked, indicate below the file number assigned to the registrant in

connection with Rule 12g3-2(b): 82-_____________

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf of the

undersigned, thereunto duly authorized.

FOMENTO<br> ECONÓMICO MEXICANO, S.A. DE C.V.
By:	/s/ Martin Felipe Arias Yaniz
	Martin Felipe Arias Yaniz
	Director of Finance and Corporate Development

Date: February 25, 2026

Exhibit 99.1

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4Q 2025

Results

February 25, 2026

Investor Contact

(52) 818-328-6167

[email protected]

femsa.gcs-web.com

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Media Contact

(52) 555-249-6843

[email protected]

femsa.com

HIGHLIGHTS

Monterrey, Mexico, February 25, 2026 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the fourth quarter of 2025.

·	FEMSA: Total Consolidated Revenues grew 5.7% and Income from Operations increased 8.5%<br> compared to 4Q24.
·	FEMSA Retail^1^: Proximity Americas total Revenues grew 5.3% and Income from operations increased 7.7% versus 4Q24.
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^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

^1^ FEMSA Retail: Proximity Americas & Europe, Fuel and FEMSA Health.

February 25, 2026 | Page 1

·	SPIN: Spin by OXXO had 10.5 million active users^2^ representing 22.0% growth<br> compared to 4Q24 while Spin Premia had 28.1 million active loyalty users^2^<br> representing 13.8% growth compared to 4Q24, and an average tender^3^ at<br> OXXO Mexico of 49.3% which increased from 40.7% in 4Q24.
·	COCA-COLA FEMSA: Total Revenues and Income from Operations grew 2.9% and 13.3%, respectively<br> against 4Q24.
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Financial Summary for the Fourth Quarter 2025

Change vs. comparable period

	Total Revenues						Gross Profit						Income from <br><br>Operations						Same-Store Sales
As Reported	4Q25			YTD25			4Q25			YTD25			4Q25			YTD25			4Q25			YTD25
FEMSA Consolidated		5.7	%		7.6	%		0.5	%		6.2	%		8.5	%		4.7	%
Proximity Americas		5.3	%		7.0	%		6.1	%		8.4	%		7.7	%		1.4	%		4.4	%		1.0	%
Proximity Europe		2.5	%		14.6	%		(10.5	)%		8.9	%		10.8	%		20.4	%		N.A.			N.A.
Health		4.6	%		10.5	%		(34.7	)%		(0.8	)%		(52.3	)%		(13.1	)%		4.7	%		8.0	%
Fuel		3.6	%		2.8	%		2.1	%		3.2	%		8.4	%		2.8	%		8.7	%		6.9	%
Coca-Cola FEMSA		2.9	%		4.3	%		1.8	%		3.4	%		13.3	%		7.0	%
Comparable^(A)^
FEMSA Consolidated		5.2	%		4.9	%		1.3	%		4.2	%		9.6	%		2.1	%
Proximity Americas		6.3	%		3.7	%		6.4	%		6.7	%		8.4	%		(2.9	)%		4.5	%		N.A.
Proximity Europe		2.3	%		3.2	%		0.3	%		(2.0	)%		10.8	%		8.8	%		N.A.			N.A.
Health		6.7	%		6.3	%		(5.5	)%		(4.2	)%		(50.5	)%		(15.4	)%		9.2	%		N.A.
Fuel		3.6	%		2.8	%		2.1	%		3.2	%		8.4	%		2.8	%		8.7	%		6.9	%
Coca-Cola FEMSA		6.0	%		6.5	%		4.6	%		5.2	%		16.7	%		7.0	%

Jose Antonio Fernández Garza-Lagüera, FEMSA’s Chief Executive Officer, commented:

“As I begin my tenure at the helm of this amazing Company, I am humbled by the responsibility but excited at the size and relevance of the opportunities ahead for FEMSA. The people that built this business over the past 135 years, and those who led them before me, created one of the premier enterprises not only in Mexico or Latin America, but I truly believe, in the world.

I am convinced we have in OXXO and Coca-Cola FEMSA, two of the most remarkable and valuable assets in their respective global industries, not just because of what they represent today, but just as importantly, what they can become in the future. There are many opportunities for our retail and beverage platforms to continue to grow, in Mexico and beyond, consistent with our strategic intent of creating economic and social value wherever we operate.

During the fourth quarter, our results in Mexico maintained the positive trend that we first saw during the third quarter, particularly at OXXO, where traffic continued to recover sequentially helping us achieve comparable sales approaching the mid-single digit range. Outside of Mexico, OXXO again showed positive dynamics in South America, and we were able to close the transaction giving us full ownership of OXXO Brazil, while in Europe the team delivered strong operating income for the period. For its part, Coca-Cola FEMSA closed the year on a strong note, with consolidated volume growth and the highest December volumes in its history for the four largest operations.

Beyond the operational results, we have launched an important restructuring effort that includes the integration of the corporate teams from the Proximity & Health division into FEMSA corporate, creating a flatter, more efficient structure, as well as aligning Spin closer to OXXO and refocusing our digital strategy to maximize the combined potential of our unique platform. The efficiency and top line benefits derived from this effort will ramp up during this year and will be fully in place for 2027 and beyond.

As we look ahead at 2026, despite still facing a soft but stabilizing consumer environment and recently implemented taxes on important categories in our key Mexico market, we like our current momentum across most of our business units, and we are optimistic that the resilience and strength of our geographically diversified platform will again serve us well as we pursue our ambitious growth agenda.”

QUARTERLY RESULTS

Results are compared to the same period ofprevious year

FEMSA CONSOLIDATED

4Q25 Financial Summary

Amounts expressed in millions of Mexican Pesos (Ps.)

	4Q25		4Q24		Var.			Comp. ^(A)^
Total Revenues		220,091		208,310		5.7	%		5.2	%
Gross Profit		91,422		91,003		0.5	%		1.3	%
Gross Profit Margin (%)		41.5		43.7		(220 bps	)
Income from Operations		24,546		22,633		8.5	%		9.6	%
Operating Margin (%)		11.2		10.9		(30 bps	)
Adjusted EBITDA^1^		39,731		34,567		14.9	%		15.5	%
EBITDA Margin (%)		18.1		16.6		(150 bps	)
Consolidated Net Income		12,709		9,510		33.6	%

Net Debt^2^ ex-KOF^3^

Amounts expressed in millions of Mexican Pesos (Ps.)

As of December 31, 2025	Ps.			US4
Cash and Investments		99,955
Financial Debt		67,888
Lease Liabilities		106,987
Net debt		74,920
ND / Adjusted EBITDA		1.02	x

All values are in US Dollars.

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^1^ Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days. Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.

^2^ Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period.

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

February 25, 2026 | Page 2

Total revenues increased 5.7% in 4Q25 compared to 4Q24, driven by growth across all our business units, and reflecting a slightly positive exchange rate effect, due to mixed impacts that ultimately reflected the appreciation of the Mexican peso against some of our foreign operating currencies. On a comparable basis, revenues grew 5.2%.

Gross profit increased 0.5%. Gross margin decreased 220 basis points, reflecting margin contraction in Coca-Cola FEMSA, Proximity Europe, Health, and Fuel. Importantly, the contractions in Proximity Europe and Health were driven by the reclassification of distribution expenses from selling expenses to cost of goods sold, and do not impact income from operations. On a comparable basis excluding the effects of this reclassification, the gross margin would have contracted by 70 basis points reaching 43.0%. This was partially offset by margin expansion in Proximity Americas.

Income from operations increased 8.5% driven by growth across our business units, except the Health division. The consolidated operating margin was 11.2%, representing an expansion of 30 basis points, reflecting margin expansion in Proximity Americas, Coca-Cola FEMSA, Proximity Europe, and Fuel. This was partially offset by margin contraction in our Health division. On a comparable basis, income from operations increased 9.6%.

The effective income tax rate was 38.5% in 4Q25. Our income tax provision was Ps. 7,004 million in 4Q25. The gap between our effective tax rate and the statutory rate of 30% is largely explained by: i) a structurally higher effective tax rate driven by ongoing non-deductible labor-related expenses in Mexico; and ii) income tax paid to other countries where Coca-Cola FEMSA operates. Our income tax provision for 4Q25 declined 26.6% relative to 4Q24.

Net consolidated income was Ps. 12,709 million, compared to Ps. 9,510 million in 4Q24, mostly reflecting: i) a non-cash foreign exchange loss of Ps. 830 million, compared to a gain of Ps. 2,673 million in 4Q24, related to our U.S. dollar-denominated cash position negatively impacted by the appreciation of the Mexican peso during the quarter, reflecting a Ps. 3,503 million swing from gain to loss; ii) a lower interest income of Ps. 1,575 million compared to Ps. 2,813 million in 4Q24 resulting from a lower cash balance; and iii) a lower income tax of Ps. 7,004 million compared to Ps. 9,541 million in 2024.

Net majority income was Ps. 2.46 per FEMSA Unit^35^ and US$1.36 per FEMSA ADS^4^.

Net Debt / EBITDA. On an ex-KOF^3^ basis, as of December 31, 2025, cash and investments were Ps. 99,955 million and total debt was Ps. 174,875 million, resulting in net debt of Ps. 74,920 million. Our Net Debt / EBITDA ratio ex-KOF was 1.02x up from 0.45x in 4Q24. This increase reflects mainly the cash outflow related to our capital allocation strategy, which has resulted in Ps. 41,536 million of ordinary and extraordinary dividends, as well as Ps**.** 11,908 million of share repurchases^6^ during the last twelve months.

Capital expenditures amounted to Ps. 14,200 million, 6.5% as a percentage of total sales, and a decrease of 31.4% compared to 4Q24, reflecting lower CAPEX across all our businesses, primarily driven by a disciplined approach to growth across the portfolio. It is worth noting that the lower spending in the quarter in Proximity Americas is partially explained by the normalization of the store expansion curve in Mexico, where a greater number of openings took place earlier in the year. It also reflects the refinement of the value proposition in Colombia, where we adopted a more selective expansion strategy and closed underperforming stores, as well as a flat to moderate pace in the expansion strategy for OXXO Chile and Peru, while significantly reducing investment in Health Mexico.

PROXIMITY AMERICAS<br><br> <br>OXXO (Mexico, USA & Latam^1^)

4Q25 Financial Summary – Proximity Americas

Amounts expressed in millions of Mexican Pesos (Ps.)

	4Q25		4Q24		Var.			Comp.^(A)^
Same-store sales (thousands of Ps.)^2^		1,018.0		974.8		4.4	%		4.5	%
Total Revenues		85,257		80,992		5.3	%		6.3	%
Gross Profit		40,979		38,610		6.1	%		6.4	%
Gross Profit Margin (%)		48.1		47.7		40 bps
Income from Operations		10,252		9,516		7.7	%		8.4	%
Income from Operations Margin (%)		12.0		11.7		30 bps
Adjusted EBITDA		15,865		14,062		12.8	%		13.8	%
Adjusted EBITDA Margin (%)		18.6		17.4		120 bps

^1^ Adjusted EBITDA: Operating Income + Depreciation + Amortizations + other non-cash charges. Adjusted EBITDA ex-KOF: FEMSA Consolidated Adjusted EBITDA as described above – Coca-Cola FEMSA’s Consolidated Adjusted EBITDA + Dividends received by FEMSA from Coca-Cola FEMSA and other investments.

^2^ All Net Debt calculations are shown on an Ex-KOF basis. For a detailed reconciliation of this metric please see table on page 16 of this document.

^3^ ex-KOF: FEMSA Consolidated reported information – Coca-Cola FEMSA Consolidated reported information.

^4^ The exchange rate published by the Federal Reserve Bank of New York for December 31, 2025 was 18.0057 MXN per USD.

^5^ FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of December 31, 2025 was 3,469,469,527, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

^6^ Share repurchases considers the disbursed amount for the local market repurchases and the ASRs of the last twelve months, that include the first ASR of US$250 million and the second ASR of US$260 million, this is translated to mexican pesos with the exchange rate for the end of the period of December 31, 2025.

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

^1^ OXXO Latam: OXXO Colombia, Chile and Peru.

^2^ Same-store Sales including OXXO Mexico and Latam, this does not include our USA operations. Comparable Same-store Sales shown in a local currency weighted average.

February 25, 2026 | Page 3

Total revenues increased 5.3% in 4Q25 compared to 4Q24 reflecting a 4.4% increase in same-store sales, coupled with a 4.6% store expansion. The growth in same-store sales was driven by an increase of 5.0% in average ticket, and a decrease of 0.6% in store traffic. On a comparable basis, total revenues increased 6.3%. During the quarter we continued executing our affordability strategy in Mexico which successfully increased competitiveness across key categories. Despite ongoing consumer softness and a challenging but stabilizing economic environment in Mexico, our execution initiatives closely aligned with current consumer needs, delivering positive results. During the quarter, the OXXO store base in Mexico, USA and Latam expanded by 209 stores. This division had 1,125 total net store additions for the last twelve months. As of December 31, 2025, Proximity Americas had a total of 25,587 stores. OXXO Latam delivered notable results with same-store sales growth in the high-teens on a currency neutral basis, reflecting our initiatives to drive operational improvements across the different countries.

Gross profit reached 48.1% of total revenues, reflecting a 40-basis point expansion driven by an improvement in our Latam and US operations, coupled with stable margins in OXXO Mexico. The improvement in Latam reflected the benefits of scale and more disciplined commercial negotiation with suppliers while the US improvement reflects a focus on fuel margins. This gross profit margin was achieved despite a high comparable base that included a sustained contribution of financial services and commercial income in Mexico.

Income from operations increased by 7.7% compared to 4Q24 and represented 12.0% of total revenues, which represents a 30-basis point expansion. This performance was mainly explained by higher gross margin across all our operations, coupled with a slower pace of store expansion in Latam. Operating expenses increased 5.6% reflecting cost containment and efficiency initiatives, which allowed us to better align expenses with top-line growth.

PROXIMITY AMERICAS<br><br> <br>Other formats

Bara^1^

Total revenues increased by 31.0% in 4Q25 compared to 4Q24, reflecting an average same-store sales increase of 11.5%, with an ongoing strong performance in the grocery, dairy and frozen food categories, coupled with a recovery in our convenience categories and the addition of 157 net new Bara stores during the last twelve months. During the quarter, the Bara store base expanded by 63 units reaching a total of 636 Bara stores as of December 31, 2025.

Grupo Nós^2^

Total revenues of OXXO Brazil in 4Q25 grew 28.7%^3^ year-over-year. This figure reflects the successful evolution and expansion of the OXXO value proposition in the country, which resulted in same-store sales growth of 18.3%^3^, as well as the addition of 13 net new OXXO stores for the last twelve months. During the quarter, the store base contracted by 2 net units as we pruned some of our earlier-cohort stores. As of December 31, 2025, Grupo Nós had a total of 607 OXXO stores. As discussed in the section on Recent Developments below, FEMSA completed the separation process of the OXXO Brazil business from the Shell Select business, which contributed to the more muted rate of growth in recent months, and we would expect faster growth to resume in 2026.

^1^ Bara store count and results are not consolidated within the Proximity Americas reported figures.

^2^ OXXO’s non-consolidated joint-venture with Raízen in Brazil.

^3^ In local currency, BRL

February 25, 2026 | Page 4

PROXIMITY EUROPE<br><br> <br>Valora

4Q25 Financial Summary – Proximity Europe

Amounts expressed in millions of Mexican Pesos (Ps.)

	4Q25		4Q24		Var.			Comp.^(A)^
Total Revenues		14,217		13,870		2.5	%		2.3	%
Gross Profit		5,383		6,014		(10.5	%)		0.3	%
Gross Profit Margin (%)		37.9		43.4		(550 bps	)
Income from Operations		724		653		10.8	%		10.8	%
Income from Operations Margin (%)		5.1		4.7		40 bps
Adjusted EBITDA		2,212		2,012		10.0	%		9.9	%
Adjusted EBITDA Margin (%)		15.6		14.5		110 bps

Total revenues increased 2.5% in 4Q25 compared to 4Q24, reflecting a marginal benefit from the appreciation of the Swiss Franc against the Mexican peso. Excluding currency effects, total revenues grew 2.3%, reflecting higher sales from our Swiss retail operations. This was partially offset by lower sales in B2B and B2C foodservice.

Gross profit represented 37.9% of total revenues, a 550 basis-point margin contraction, reflecting the full-year impact of the reclassification of distribution expenses from operating expenses to cost of sales, all in 4Q25. Gross profit decreased 10.5% compared to 4Q24, but grew 0.3% on a currency-neutral basis, reflecting the effects mentioned above. Importantly, this does not impact the underlying operating results of the business. On a comparable basis excluding the effects of this reclassification, gross profit would have increased 4.3% in 4Q25, and the comparable gross profit margin would have expanded 70 basis points to 44.1% in 4Q25, reflecting strong performance in Swiss retail and higher commercial income.

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

February 25, 2026 | Page 5

Income from operations increased 10.8% versus 4Q24 and represented 5.1% of total revenues, a 40 basis-point increase year-on-year, reflecting strong growth in retail sales in Switzerland, coupled with effective expense control. Operating expenses decreased by 0.8% to Ps. 5,318 million, nearly flat for the quarter.

HEALTH

4Q25 Financial Summary - Health

Amounts expressed in millions of Mexican Pesos (Ps.) except same-store sales

	4Q25		4Q24		Var.			Comp.^(A)^
Same-store sales (thousands of Ps.)		1,149.7		1,098.6		4.7	%		9.2	%
Total Revenues		22,824		21,824		4.6	%		6.7	%
Gross Profit		4,446		6,814		(34.7	)%		(32.5	)%
Gross Profit Margin (%)		19.5		31.2		(1,170 bps	)
Income from Operations		573		1,202		(52.3	)%		(50.5	)%
Income from Operations Margin (%)		2.5		5.5		(300 bps	)
Adjusted EBITDA		2,512		2,352		6.8	%		11.3	%
Adjusted EBITDA Margin (%)		11.0		10.8		20 bps

Total revenues increased 4.6% in 4Q25 compared to 4Q24, despite the depreciation of certain currencies against the Mexican peso, but grew 6.7% on a currency-neutral basis, reflecting a positive performance in Colombia retail, and Ecuador, which were partially offset by challenging results in Mexico which reflect the closing of 443 stores for the last twelve months. During the quarter, the net store base increased by 112 units, reaching a total of 4,503 locations across our territories as of December 31, 2025. During the last twelve months, there were 158 net closings. Same-store sales increased by an average of 4.7% in Mexican pesos and 9.2% on a currency-neutral basis despite the underperformance of the stores in Mexico, reflecting the strong results of Colombia retail and Ecuador.

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

February 25, 2026 | Page 6

Gross profit was 19.5% of total revenues, representing a dilution of 11.7 percentage points, reflecting the full-year impact of the reclassification of distribution expenses from operating expenses to cost of sales all in the 4Q25, as well as the underperformance of Health Mexico. Gross profit decreased 34.7% compared to 4Q24, reflecting the effects mentioned above. On a comparable basis excluding the effects of this reclassification, the comparable gross profit would have been flat in 4Q25 versus the previous year, and the comparable gross profit margin would have contracted 110 basis points to 30.1%. Importantly, this does not impact the underlying operating results of the business. Additionally, during 4Q25, we reclassified certain administrative expenses into selling expenses for the full year.

Income from operations represented 2.5% of total revenues, a contraction of 300 basis points from 5.5%, two-thirds of which reflects a charge of Ps. 487 million for uncollectible accounts related to the institutional business in Colombia, coupled with a negative performance in Mexico and Chile, partially offset by positive results in Ecuador. On a comparable basis, excluding this non-recurring item, operating income would have been Ps. 1,060 million, representing a decrease of 11.8% compared to 4Q24.

FUEL

4Q25 Financial Summary – Fuel

Amounts expressed in millions of Mexican Pesos (Ps.) except same-station sales

	4Q25		4Q24		Var.
Same-station sales (thousands of Ps.)		9,768.8		8,985.1		8.7	%
Total Revenues		16,924		16,331		3.6	%
Gross Profit		2,114		2,071		2.1	%
Gross Profit Margin (%)		12.5		12.7		(20 bps	)
Income from Operations		808		745		8.4	%
Income from Operations Margin (%)		4.8		4.6		20 bps
Adjusted EBITDA		1,169		1,092		7.0	%
Adjusted EBITDA Margin (%)		6.9		6.7		20 bps

Total revenues increased 3.6% in 4Q25 compared to 4Q24, reflecting an 8.7% average same-station sales increase, driven by 10.0% growth in average volume and 1.2% decrease in the average price per liter, coupled with an increase in volume at our wholesale business. The OXXO Gas retail network had 552 points of sale as of December 31, 2025.

Gross profit was 12.5% of total revenues, representing a 20-basis point year-on-year contraction, driven by the cost of sales moving largely in line with top-line growth, as the softening of per-unit margins was mainly driven by our wholesale operations.

Income from operations represented 4.8% of total revenues and an 8.4% increase compared to 4Q24. Operating expenses increased 1.5% to Ps. 1,306 million, mainly reflecting ongoing efforts to drive efficiencies, and operate with a leaner organization in the context of voluntary industry-wide price commitments.

February 25, 2026 | Page 7

FEMSARetail Operations Summary

Total Revenue Growth (% vs year ago)

	4Q25
Proximity Americas
OXXO^1^		6.3	%
México		5.9	%
OXXO Latam^2^		20.9	%
Other Proximity Americas formats
Bara		31.0	%
OXXO Brazil^3^		28.7	%
Proximity Europe^4^		2.3	%
OXXO Gas		3.6	%
FEMSA Health^5^		6.7	%
Chile^6^		6.4	%
Colombia^7^		18.2	%
Ecuador^8^		14.9	%
México		(21.4	)%
1	OXXO Consolidated figures shown in a local currency weighted average.<br><br> Excludes OXXO US operations
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2	Includes OXXO Colombia, Chile and Peru, figure shown in MXN
3	Local currency (BRL).
	Operated through Grupo Nós, our joint-venture with Raízen.
4	Local currency (CHF).
5	Local currency weighted average.
6	Local currency (CLP).
7	Local currency (COP).
8	Local currency (USD).

Total Unit Growth (% vs year ago)

	4Q25
Proximity Americas
OXXO^1^		4.6	%
México		4.7	%
OXXO Latam^2^		4.3	%
Other Proximity Americas formats
Bara		32.8	%
OXXO Brazil^3^		2.2	%
Proximity Europe^4^		(0.8	)%
OXXO Gas		(3.3	)%
FEMSA Health		(3.4	)%
Chile		5.2	%
Colombia		17.3	%
Ecuador		8.1	%
México		(24.3	)%
1	Includes Mexico, Latam and US operations.
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2	Includes OXXO Colombia, Chile and Perú.
3	Operated through Grupo Nós, our joint-venture with Raízen.
4	Includes company owned and franchised units.

Same-Store Sales Growth

	4Q25
Proximity Americas
OXXO^1^		4.5	%
México		3.9	%
OXXO Latam^2^		18.9	%
Other Proximity Americas formats
Bara		11.5	%
OXXO Brazil^3^		18.3	%
Proximity Europe^4^		N.A.
OXXO Gas		8.7	%
FEMSA Health^5^		9.2	%
Chile^6^		7.3	%
Colombia^7^		28.7	%
Ecuador^8^		6.6	%
México		(1.1	)%
1	OXXO Consolidated figures shown in a local currency weighted average. <br><br>Excludes OXXO US operations
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2	Includes OXXO Colombia, Chile and Peru.
3	Local currency (BRL).
	Operated through Grupo Nós, our joint-venture with Raízen.
4	Local currency (CHF).
5	Local currency weighted average. Only includes retail sales. FEMSA Health Include franchised stores in Ecuador.
6	Local currency (CLP). Only Includes retail sales.
7	Local currency (COP). Includes retail sales.
8	Local currency (USD). Includes retail sales.

February 25, 2026 | Page 8

SPIN^1^

Spin by OXXO

Spin by OXXO acquired 0.8 million users during the quarter to reach 16.1 million total acquired users in 4Q25, compared to 13.1 million users in 4Q24. This represents an increase of 22.7% YoY and a 1.7% compound monthly growth rate. Active users^2^ represented 65.1% of the total acquired user base representing 22.0% growth YoY and reaching 10.5 million. Total transactions per month increased 54.2%^3^ during the quarter to reach an average of 98.0 million per month in 4Q25, reflecting an increase in user engagement.

Spin Premia

Spin Premia acquired 2.2 million users during the quarter to reach 63.1 million total acquired users in 4Q25, compared to 52.8 million users in 4Q24. This represents an increase of 19.3% YoY and a 1.5% compound monthly growth rate. Active users^4^ represented 44.4% of the total acquired user base representing 13.8% growth YoY and reaching 28.1 million. The average tender during the quarter was 49.3%.

COCA-COLA FEMSA

Coca-Cola FEMSA’s financial results and discussion thereof are incorporated by reference from Coca-Cola FEMSA’s press release, which is attached to this press release or may be accessed by visiting coca-colafemsa.com.

^1^ Digital@FEMSA’s results are included within the Other business segment.

^2^ Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days.

^3^ Represents the growth of average monthly transactions in 4Q25 compared to average monthly transactions in 4Q24.

^4^ Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.

February 25, 2026 | Page 9

RESULTS FOR THE FULL YEAR OF 2025

Results are compared to the sameperiod of previous year

FEMSA CONSOLIDATED

Financial Summary for the Full Year 2025

Amounts expressed in millions of Mexican Pesos (Ps.)

	2025		2024		Var.			Comp. ^(A)^
Total Revenues		840,954		781,585		7.6	%		4.9	%
Gross Profit		341,576		321,513		6.2	%		4.2	%
Gross Profit Margin (%)		40.6		41.1		(50 bps	)
Income from Operations		73,971		70,667		4.7	%		2.1	%
Operating Margin (%)		8.8		9.0		(20 bps	)
Adjusted EBITDA^1^		125,288		115,599		8.4	%		5.8	%
Adjusted EBITDA Margin (%)		14.9		14.8		10 bps
Consolidated Net Income		33,053		40,236		(17.9)	%

Total revenues increased 7.6%, reflecting growth across all our business units, currency tailwinds, and the consolidation of the results of our US operations.

Gross profit rose by 6.2%. Gross margin decreased by 50 basis points to 40.6% of total revenues, reflecting a gross margin contraction at Coca Cola FEMSA, Health, and Europe, and nearly flat margin at our Fuel Division, as well as the reclassification of distribution expenses at the Health and Europe divisions from selling expenses to cost of goods sold. This was partially offset by an increase at Proximity Americas. On a comparable basis excluding the effects of this reclassification, the gross margin would have contracted by 10 basis points, reaching 41.0%

Income from operations increased 4.7%. Our consolidated operating margin decreased 20 basis points to 8.8% of total revenues, reflecting a margin contraction at the Proximity Americas Division and Health, nearly flat margins at our Proximity Europe and Fuel divisions. This was partially offset by a margin expansion in Coca-Cola FEMSA.

Our effective income tax rate was 37.3% for the twelve months of 2025. The gap between our effective tax rate and the statutory rate of 30% is largely explained by: i) non-deductible tax losses from Spin; and ii) non-deductible labor related expenses in Mexico, both of which weighed more heavily given the lower pre-tax profits caused in part by FX losses relating to our US dollar cash balances.

Net consolidated income was Ps. 33,053 million reflecting a decline of 17.9% compared to 2024 explained by: i) a non-cash foreign exchange loss of Ps. 5,747 in 2025, compared to a gain of Ps. 11,929 million in 2024, related to FEMSA’s U.S. dollar-denominated cash position negatively impacted by the appreciation of the Mexican peso, reflecting a Ps. 17,676 million swing from gain to loss, and ii) a higher net interest expense of Ps. 13,641 million, compared to Ps. 8,092 million in 2024 due to lower interest income. This was partially offset by: i) a 4.7% increase in income from operations; ii) a decrease in income taxes of Ps. 5,573 million; and iii) a financial instrument gain of Ps. 1,729 million compared to a 2,109 expense in 2024, which included a remaining position of Heineken in the twelve months of last year.

Net majority income per FEMSA Unit^2^ was Ps. 5.60 (US$3.11 per ADS).

Capital expenditures amounted to Ps. 45,315 million, a decrease of 11.3% compared to 2024, a reduction in all of our business units, reflecting a strategic rebalancing in our CAPEX spending. This was primarily driven by lower capital intensity at Coca-Cola FEMSA and a more targeted expansion approach within Proximity Americas, focusing on store expansion in Mexico, while deploying a more disciplined approach in Chile, Colombia and Peru.

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

^1^ Adjusted EBITDA: Operating Income + Depreciation + Amortizations.

^2^ FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of September 30, 2025 was 3,469,469,527, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

February 25, 2026 | Page 10

RECENT DEVELOPMENTS

·	After a thorough analysis, we have redefined<br>our Ecosystem 2.0 as a model focused on OXXO Mexico.  This implies increased focus on executing together with store operations. <br>The principle is straightforward: one client, one strategy, and one aligned P&L.  Spin will be responsible for the entire P&L<br>of Ecosystem 2.0 and for digital performance, concentrating the integral management of our client base: growth in active users, loyalty<br>program, digital and physical payment transactions, activation, engagement, and retention. As part of this redefinition, we will not pursue<br>third-party partners into the Premia loyalty platform.  We will continue to seek business opportunities around credit, and until<br>we have visibility of the success of such opportunities, we will delay the application for a banking license.
	We want to recognize Juan Carlos Guillermety’s<br>leadership in building digital capabilities that are critical for FEMSA.  Under his guidance, our Ecosystem strengthened its value<br>proposition, consolidated strategic partnerships, and defined our financial ambition, setting the foundations for this new stage of integration.<br>Juan Carlos will transition into an advisory role, and Rodrigo García Jacques will assume the leadership of Spin with a clear mandate:<br>consolidate execution, ensure a permanent alignment with OXXO Mexico, and maintain operating discipline.
---	---
·	On February 24, 2026, we announced the final<br>settlement and repayment of the outstanding principal of our €500 million exchangeable bonds. These bonds, originally issued in February 2023<br>as part of the FEMSA Forward strategy, were exchangeable into ordinary shares of Heineken Holding N.V. At maturity, the outstanding<br>principal amount was repaid; this transaction marks the conclusion of the specific exchangeable debt instrument linked to the divestment<br>process initiated in 2023. We paid a total of approximately €513.1 million over the life of the bond, including interest and principal.
·	February 2 of 2026, we announced that we<br>completed the separation of the Grupo Nós joint venture in Brazil with Raízen S.A. (“Raízen”). As a result<br>of this transaction, FEMSA retained the OXXO stores, as well as the distribution center located in Cajamar, São Paulo, while Raízen<br>retained the Shell Select stores. The remaining assets and liabilities of Grupo Nós have been allocated between FEMSA and Raízen<br>in accordance to the agreement between the parties intended to reflect the requirements of each business.
·	On December 2 of 2025, we announced that,<br>as part of our ongoing efforts and consistent with the capital allocation framework and commitment to enhance capital returns to shareholders,<br>FEMSA had entered into a derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial<br>institution in the United States of America to repurchase Company’s shares through the acquisition of American Depositary Shares<br>(“ADS”). Under the terms of the ASR agreement, FEMSA has agreed to repurchase from such financial institution an aggregate<br>amount of USD $260 million of its ADS1. The ASR involved an initial delivery of 540,035 ADSs on December 3, 2025.

The total number of shares ultimately repurchased under the ASR agreement will be based on the daily volume-weighted average price of the Company’s ADS during the term of the agreement, less a discount. The final settlement of the ASR agreement is expected to be completed, at the latest, in the first quarter of 2026.

CONFERENCE CALL INFORMATION
Our fourth quarter 2025 Conference Call will be held on: Wednesday, February 25, 2026, 12:00 PM Eastern Time (11:00 AM Mexico City Time). The conference call will be live through our Zoom link. For registration, please visit:<br><br> <br>****<br><br> <br>**Registration:**https://bit.ly/FEMSA_4Q25
If you are unable to<br> participate live, the conference call audio will be available on https://femsa.gcs-web.com/financial-reports/quarterly-results

ABOUT FEMSA

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.

February 25, 2026 | Page 11

The translations of Mexican pesos into US dollars are included solely for the convenience of the reader, using the noon buying rate for Mexican pesos as published by the Federal Reserve Bank of New York on December 31, 2025, which was 18.0057 Mexican pesos per US dollar.

FORWARD-LOOKING STATEMENTS

This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

Our consolidated financial statements as of and for the year ended December 31, 2025, are not yet available, and the independent audit of those financial statements is ongoing and has not yet been completed. The unaudited preliminary financial information as of and for the year ended December 31, 2025, presented herein, is preliminary and subject to change as we complete our financial closing procedures and prepare our consolidated financial statements, and as our independent registered public accounting firm completes its audit of such consolidated financial statements. As of the date of this release, our independent registered public accounting firm has not expressed an opinion or any other form of assurance on any financial information as of or for the year ended December 31, 2025, or on our internal control over financial reporting as of December 31, 2025. Our audited consolidated financial statements may differ materially from this preliminary information and will also include notes providing additional disclosures.

COMPARABILITY

Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding the effects

of: (i) mergers, acquisitions, and divestitures; and (ii) translation effects resulting from exchange rate movements. In preparing

this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

Ten pages of tables to follow

February 25, 2026 | Page 12

FEMSA – Consolidated Income Statement

Amounts expressed in millions of Mexican Pesos (Ps.)

	For the fourth<br> quarter of:																	For the twelve<br> months of:
	2025			% of rev.			2024			% of rev.			%<br><br> Var.			% Comp.^(A)^		2025			% of rev.			2024			% of rev.			%<br><br> Var.			% Comp.^(A)^
Total revenues		220,091			100.0			208,310			100.0			5.7			5.2		840,954			100.0			781,585			100.0			7.6			4.9
Cost of sales		128,669			58.5			117,307			56.3			9.7					499,378			59.4			460,072			58.9			8.5
Gross profit		91,422			41.5			91,003			43.7			0.5			1.3		341,576			40.6			321,513			41.1			6.2			4.2
Administrative expenses		9,781			4.4			11,588			5.6			(15.6	)				39,325			4.7			39,085			5.0			0.6
Selling expenses		57,548			26.1			57,143			27.4			0.7					229,324			27.3			211,966			27.1			8.2
Other<br> operating expenses (income), net ^(1)^		(454	)		(0.2	)		(361	)		(0.2	)		25.8					(1,044	)		(0.1	)		(206	)		(0.0	)		N.S.
Income<br> from operations ^(2)^		24,546			11.2			22,633			10.9			8.5			9.6		73,971			8.8			70,667			9.0			4.7			2.1
Other non-operating<br> expenses (income)		1,941						5,199						(62.7	)				3,477						5,864						(40.7	)
Interest expense		5,394						5,237						3.0					21,303						20,002						6.5
Interest income		1,575						2,813						(44.0	)				7,662						11,910						(35.7	)
Interest expense, net		3,819						2,424						57.5					13,641						8,092
Foreign exchange loss (gain)		830						(2,673	)					N.S.					5,747						(11,929	)					N.S.
Other financial<br> expenses (income), net		(255	)					1,097						N.S.					(2,114	)					1,900						N.S.
Financing<br> expenses, net		4,394						848						N.S.					17,274						(1,937	)					N.S.
Income before income tax and<br> participation in associates results		18,211						16,586						9.8					53,220						66,741						(20.3	)
Income tax		7,004						9,541						(26.6	)				19,860						25,433						(21.9	)
Participation<br> in associates results ^(3)^		(886	)					(876	)					1.1					(1,881	)					(1,187	)					58.4
Continued<br> Operations net income (Loss)		10,321						6,169						67.3					31,479						40,121						(21.5	)
Discontinued<br> Operations net income (Loss)		2,388						3,341						(28.5	)				1,574						115						N.S.
Consolidated<br> net income (Loss)		12,709						9,510						33.6					33,053						40,236						(17.9	)
Net majority income		8,524						5,336						59.7					19,431						26,735						(27.3	)
Net minority<br> income		4,185						4,174						0.3					13,622						13,501						0.9
Operative Cash Flow& CAPEX	2025	% of rev.	2024	% of rev.	% Var.		% Comp.^(A)^	2025	% of rev.	2024	% of rev.	% Var.		% Comp.^(A)^
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
Income from<br> operations	24,546	11.2	22,633	10.9	8.5		9.6	73,971	8.8	70,667	9.0	4.7		2.1
Depreciation	10,381	4.7	9,421	4.5	10.2			40,278	4.8	35,199	4.5	14.4
Amortization& other non-cash<br> charges	4,804	2.2	2,513	1.2	91.2			11,039	1.3	9,733	1.2	13.4
Adjusted<br> EBITDA	39,731	18.1	34,567	16.6	14.9		15.5	125,288	14.9	115,599	14.8	8.4		5.8
CAPEX	14,200		20,694		(31.4	)		45,315		51,074		(11.3	)

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

^(1)^ Other operating expenses (income), net = other operating expenses (income) +(-) equity method from operated associates.

^(2)^ Income from operations = gross profit – administrative and selling expenses – other operating expenses (income), net.

^(3)^ Mainly represents the results of our joint-venture with Raízen, Grupo Nós, net of taxes.

February 25, 2026 | Page 13

FEMSA – Consolidated Balance Sheet Amounts expressed in millions of Mexican Pesos (Ps.)

ASSETS	Dec-25		Dec-24		% Inc.
Cash and cash equivalents		107,980		139,834		(22.8	)
Investments		20,042		43,212		(53.6	)
Accounts receivable		48,319		43,192		11.9
Inventories		69,452		67,464		2.9
Other current assets		37,323		34,214		9.1
Current Assets Available for sale		-		14,395		(100.0	)
Total current assets		283,116		342,311		(17.3	)
Investments in shares		25,726		28,697		(10.4	)
Property, plant and equipment, net		189,672		177,511		6.9
Right of use		99,543		97,960		1.6
Intangible assets ^(1)^		145,506		146,336		(0.6	)
Other assets		52,314		58,721		(10.9	)
TOTAL ASSETS		795,877		851,536		(6.5	)
LIABILITIES & STOCKHOLDERS’ EQUITY	Dec-25		Dec-24		% Inc.
---	---	---	---	---	---	---	---
Bank loans		5,862		3,775		55.3
Current maturities of long-term debt		14,812		2,947		N.S.
Interest payable		1,790		1,802		(0.7	)
Current maturities of long-term leases		15,188		13,796		10.1
Operating liabilities		172,362		173,658		(0.7	)
Short term liabilities available for sale		-		6,952		(100.0	)
Total current liabilities		210,014		202,930		3.5
Long-term debt ^(2)^		126,992		141,482		(10.2	)
Long-term leases		94,703		94,299		0.4
Laboral obligations		10,719		8,968		19.5
Other liabilities		24,097		22,726		6.0
Total liabilities		466,525		470,405		(0.8	)
Total stockholders’ equity		329,352		381,131		(13.6	)
TOTAL LIABILITIES AND STOCKHOLERS’ EQUITY		795,877		851,536		(6.5	)
	December 31, 2025
---	---	---	---	---	---	---
DEBT MIX ^(2)^	% of Total			Average Rate
Denominated in:
Mexican pesos		53.4	%		8.7	%
U.S. Dollars		27.0	%		3.5	%
Euros		7.2	%		2.6	%
Swiss Francs		0.0	%		0.0	%
Colombian pesos		1.6	%		8.6	%
Argentine pesos		0.4	%		36.2	%
Brazilian reais		9.3	%		10.9	%
Chilean pesos		1.1	%		6.0	%
Total debt		100.0	%		7.2	%
Fixed rate ^(2)^		83.5	%
Variable rate ^(2)^		16.5	%
DEBT MATURITY PROFILE	2026			2027			2028			2029			2030			2031+
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
% of Total Debt		13.9	%		7.9	%		10.9	%		3.8	%		12.2	%		51.3	%

^(1)^ Includes mainly the intangible assets generated by acquisitions.

^(2)^ Includes the effect of derivative financial instruments on long-term debt.

February 25, 2026 | Page 14

Net Debt & Adjusted EBITDA ex-KOF

Amounts expressed in millions of US Dollars (US.)

****	Twelve months ended December 31, 2025							****
****	Reported Adj. EBITDA		****	Adjustments		****	Adj. EBITDA Ex-KOF	****
Proximity<br> Americas & Europe		3,140			-		3,140
Fuel		237			-		237
Health<br> Division		492			-		492
Envoy Solutions		-			-		-
Coca-Cola<br> FEMSA^1^		3,283			(3,283	)	-
Other^2^		(195	)		-		(195	)
FEMSA<br> Consolidated		6,957			(3,283	)	3,674
Dividends<br> Received^3^		-			390		390
FEMSA<br> Consolidated ex-KOF		6,957			(2,893	)	4,064
	As of December 31, 2025
---	---	---	---	---	---	---
	Reported		Adjustments			Ex-KOF
Cash & Equivalents		5,551		-		5,551
Coca-Cola FEMSA Cash & Equivalents		1,559		(1,559	)	-
Cash & Equivalents		7,110		(1,559	)	5,551
Financial Debt		3,770		-		3,770
Coca-Cola FEMSA Financial Debt		4,431		(4,431	)	-
Lease Liabilities		5,942		-		5,942
Coca-Cola FEMSA Lease Liabilities		161		(161	)	-
Debt		14,304		(4,592	)	9,712
FEMSA Net Debt		7,194		(3,033	)	4,161

Translated to USD for readers’ convenience using the exchange rate published by the Federal Reserve Bank of New York for December 31, 2025 which was 18.0057 MXN per USD.

^1^ Coca-Cola FEMSA adjustment represents 100% of its LTM EBITDA.

^2^ Includes FEMSA Other Businesses (including Bara and Spin), FEMSA corporate expenses, and the effects of consolidation adjustments.

^3^ Reflects cash dividends received from Coca-Cola FEMSA for approximately US$390 mm during the last twelve months.

February 25, 2026 | Page 15

EPSwith Repurchased Shares

Amounts expressed in millions of Mexican Pesos (Ps.)

AsReported

Total<br>Shares Outstanding^(1)^
FEMSA Units Outstanding^(1)^	3,469,469,527
	YTD	4Q25
---	---	---
Net majority income	19,431	8,524
# FEMSA Units Outstanding^(1)^	3,469,469,527
EPS (Mxn Ps. / Unit)	5.60	2.46

Proforma

---

Total Shares Excluding<br> Shares in Treasury
FEMSA Units Outstanding^(1)^	3,469,469,527
Shares in Treasury
---	---
FEMSA Units Outstanding^(1)^	37,236,012
	YTD	4Q25
---	---	---
Net majority income	19,431	8,524
# FEMSA Units Outstanding	3,432,233,515
EPS (Mxn Ps. / Unit)	5.66	2.48

^(1)^ FEMSA Units Outstanding consist of FEMSA BD Units and FEMSA B Units. The number of FEMSA Units outstanding is equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

^(2)^ At our Shareholders meeting held on April 11 of 2025, the cancellation of the shares acquired from the stock repurchase program during the period from November 2023 to March 2025 was approved. The total FEMSA Units Cancelled are for the amount of 108,756,743 units. This includes 102,201,323 from November 2023 to December 2024, as well as 6.555,420 units bought during that current year, from January 2025 to March 2025.

February 25, 2026 | Page 16

Proximity Americas – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

	For<br> the fourth quarter of:													For<br> the twelve months of:
	2025		%of<br> rev.		2024		%<br> of rev.		%<br> Var.			% Comp.^(A)^		2025		%of<br> rev.		2024		%of<br> rev.		%<br> Var.			% Comp.^(A)^
Total revenues		85,257		100.0		80,992		100.0		5.3			6.3		328,839		100.0		307,197		100.0		7.0			3.7
Cost of<br> sales		44,278		51.9		42,381		52.3		4.5					180,344		54.8		170,204		55.4		6.0
Gross profit		40,979		48.1		38,610		47.7		6.1			6.4		148,495		45.2		136,993		44.6		8.4			6.7
Administrative expenses		2,925		3.4		2,921		3.6		0.1					10,405		3.2		9,306		3.0		11.8
Selling expenses		27,677		32.5		25,995		32.1		6.5					108,018		32.8		97,989		31.9		10.2
Other operating<br> expenses (income), net		126		0.1		178		0.2		(29.3	)				433		0.1		482		0.2		(10.1	)
Income from<br> operations		10,252		12.0		9,516		11.7		7.7			8.4		29,639		9.0		29,216		9.5		1.4			(2.9	)
Depreciation		4,058		4.8		3,720		4.6		9.1					15,716		4.8		13,933		4.5		12.8
Amortization &<br> other non-cash charges		1,555		1.8		826		1.0		88.3					2,773		0.8		2,494		0.8		11.2
Adjusted<br> EBITDA		15,865		18.6		14,062		17.4		12.8			13.8		48,129		14.6		45,642		14.9		5.4			2.0
CAPEX		2,981				3,904				(23.6	)				13,721				16,239				(15.5	)
Information of OXXO Stores
Total stores															25,587				24,462				4.6
Stores Mexico															24,297				23,206				4.7
Stores LATAM															1,050				1,007				4.3
Stores USA															240				249				(3.6	)
Net new convenience stores:
vs. Last<br> quarter		209				454				(54.0	)
Year-to-date		1,125				1596				(29.5	)
Last-twelve-months		1,125				1,596				(29.5	)
Same-store<br> data: ^(1)^
Sales<br> (thousands of pesos)		1,018.0				974.8				4.4					993.4				983.4				1.0
Traffic<br> (thousands of transactions)		16.7				16.8				(0.6	)				16.7				17.4				(4.2	)
Ticket<br> (pesos)		61.1				58.1				5.0					59.5				56.4				5.5

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

^(1)^ Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included.

February 25, 2026 | Page 17

Proximity Europe – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

	For the fourth<br> quarter of:																	For the twelve<br> months of:
	2025			%<br> of<br><br> rev.			2024			%<br> of<br><br> rev.			%<br> Var.			% Comp.^(A)^		2025			%<br> <br><br>of rev.			2024			%<br> of<br><br> rev.			%<br> Var.			% Comp.^(A)^
Total<br> revenues		14,217			100.0			13,870			100.0			2.5			2.3		57,028			100.0			49,755			100.0			14.6			3.2
Cost<br> of sales		8,834			62.1			7,856			56.6			12.4					33,778			59.2			28,412			57.1			18.9
Gross<br> profit		5,383			37.9			6,014			43.4			(10.5	)		0.3		23,250			40.8			21,344			42.9			8.9			(2.0	)
Administrative<br> expenses		1,094			7.7			1,198			8.6			(8.7	)				3,884			6.8			3,793			7.6			2.4
Selling<br> expenses		3,604			25.4			4,373			31.5			(17.6	)				17,018			29.8			15,748			31.7			8.1
Other<br> operating expenses (income), net		(39	)		(0.3	)		(210	)		(1.5	)		(81.5	)				(101	)		(0.2	)		(231	)		(0.5	)		(56.4	)
Income<br> from operations		724			5.1			653			4.7			10.8			10.8		2,448			4.3			2,033			4.1			20.4			8.8
Depreciation		1,358			9.5			1,312			9.5			3.5					5,435			9.5			4,761			9.6			14.2
Amortization &<br> other non-cash charges		131			0.9			46			0.3			181.2					546			1.0			447			0.9			22.2
Adjusted<br> EBITDA		2,212			15.6			2,012			14.5			10.0			9.9		8,430			14.8			7,240			14.6			16.4			4.6
CAPEX		856						987						(13.3	)				1,938						2,270						(14.6	)

^(A)^ refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

February 25, 2026 | Page 18

Health – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

	For<br> the fourth quarter of:															For<br> the twelve months of:
	2025			%<br> <br><br> of rev.		2024		%<br> <br><br> of rev.		%<br> Var.			% Comp.^(A)^			2025		%<br> of rev.		2024		%<br><br> of rev.		%<br> Var.			% Comp.^(A)^
Total revenues		22,824			100.0		21,824		100.0		4.6			6.7			88,129		100.0		79,755		100.0		10.5			6.3
Cost of sales		18,378			80.5		15,010		68.8		22.4						64,275		72.9		55,714		69.9		15.4
Gross profit		4,446			19.5		6,814		31.2		(34.7	)		(32.5	)		23,853		27.1		24,041		30.1		(0.8	)		(4.2	)
Administrative expenses		157			0.7		1,124		5.1		(86.0	)					2,455		2.8		4,348		5.5		(43.5	)
Selling expenses		3,656			16.0		4,436		20.3		(17.6	)					18,270		20.7		16,144		20.2		13.2
Other operating<br> expenses (income), net		60			0.3		53		0.2		12.2						100		0.1		65		0.1		54.0
Income from<br> operations		573			2.5		1,202		5.5		(52.3	)		(50.5	)		3,028		3.4		3,483		4.4		(13.1	)		(15.4	)
Depreciation		905			4.0		889		4.1		1.9						3,637		4.1		3,255		4.1		11.7
Amortization &<br> other non-cash charges		1,033			4.5		262		1.2		294.5						2,223		2.5		1,048		1.3		112.2
Adjusted<br> EBITDA		2,512			11.0		2,352		10.8		6.8			11.3			8,888		10.1		7,786		9.8		14.2			10.2
CAPEX		670					746				(10.1	)					1,608				1,835				(12.3	)
Information of Stores
Total stores																	4,503				4,661				(3.4	)
Stores Mexico																	1,317				1,739				(24.3	)
Stores South<br> America																	3,186				2,922				9.0	%
Net new stores:
vs. Last<br> quarter		112					125				(10.4	)
Year-to-date		(158	)				187				N.S.
Last-twelve-months		(158	)				187				N.S.
Same-store<br> data: ^(1)^
Sales<br> (thousands of pesos)		1,149.7					1,098.6				4.7						1,020.2				944.2				8.0
Same-store<br> data^(2)^
Sales<br> (currency-neutral)											9.2
Mexico											(1.1	)
Chile											7.3
Colombia											28.7
Ecuador											6.6

^(A)^ Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

^(1)^ Monthly average information per location, considering same locations with more than twelve months of all the operations of the Health Division.

^(2)^ Currency Neutral monthly average information per location, considering same locations with more than twelve months of all the operations of the Health Division.

February 25, 2026 | Page 19

Fuel – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

	For the fourth<br> quarter of:														For the twelve<br> months of:
	2025			%<br><br> of rev.		2024		% <br><br>of rev.		%<br> Var.			% Comp.^(A)^		2025		% <br><br>of rev.		2024			% <br><br>of rev.			%<br> Var.			% Comp.^(A)^
Total revenues		16,924			100.0		16,331		100.0		3.6			N.A.		67,195		100.0		65,365			100.0			2.8			N.A.
Cost of sales		14,810			87.5		14,260		87.3		3.9					59,004		87.8		57,430			87.9			2.7
Gross profit		2,114			12.5		2,071		12.7		2.1			N.A.		8,190		12.2		7,935			12.1			3.2			N.A.
Administrative expenses		65			0.4		109		0.7		(40.3	)				290		0.4		344			0.5			(15.8	)
Selling expenses		1,221			7.2		1,202		7.4		1.6					4,967		7.4		4,792			7.3			3.6
Other operating<br> expenses (income), net		20			0.1		15		0.1		35.1					46		0.1		(10	)		(0.0	)		(545.1	)
Income from<br> operations		808			4.8		745		4.6		8.4			N.A.		2,889		4.3		2,809			4.3			2.8			N.A.
Depreciation		306			1.8		301		1.8		1.8					1,216		1.8		1,138			1.7			6.8
Amortization &<br> other non-cash charges		55			0.3		46		0.3		18.8					168		0.3		199			0.3			(15.4	)
Adjusted<br> EBITDA		1,169			6.9		1,092		6.7		7.0					4,273		6.4		4,146			6.3			3.1
CAPEX		98					185				(46.7	)				208				398						(47.8	)
Information of OXXO GAS<br> Service Stations
Total<br> service stations																552				571						(3.3	)
Net new service stores:
vs. Last quarter		(6	)				3				N.S.
Year-to-date		(19	)				1				N.S.
Last-twelve-months		(19	)				1				N.S
Volume (millions<br> of liters) total stations		726					660				10.0
Same-station<br> data: ^(1)^
Sales (thousands of pesos)		9,768.8					8,985.1				8.7					9,235.1				8,638.7						6.9
Volume (thousands of liters)		449.0					408.0				10.0					419.4				395.7						6.0
Average price per liter		21.8					22.0				-1.2					22.0				21.8						0.8

^(1)^ Monthly average information per station, considering same stations with more than twelve months of operations.

February 25, 2026 | Page 20

Coca-Cola FEMSA – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

	For<br> the fourth quarter of:																	For<br> the twelve months of:
	2025			%<br> <br><br>of rev.			2024			%<br> <br><br>of rev.			%<br> Var.			% Comp.^(A)^		2025			%<br><br><br> of rev.			2024		%<br> <br><br>of rev.		%<br> Var.			% Comp.^(A)^
Total revenues		77,750			100.0			75,528			100.0			2.9			6.0		291,746			100.0			279,793		100.0		4.3			6.5
Cost of sales		41,429			53.3			39,833			52.7			4.0					158,570			54.4			151,057		54.0		5.0
Gross profit		36,321			46.7			35,695			47.3			1.8			4.6		133,176			45.6			128,736		46.0		3.4			5.2
Administrative expenses		3,792			4.9			3,614			4.8			4.9					15,043			5.2			13,678		4.9		10.0
Selling expenses		19,740			25.4			20,269			26.8			(2.6	)				76,664			26.3			74,423		26.6		3.0
Other operating<br> expenses (income), net		(914	)		(1.2	)		(280	)		(0.4	)		226.4					(1,469	)		(0.5	)		494		0.2		(397.3	)
Income from<br> operations		13,702			17.6			12,092			16.0			13.3			16.7		42,937			14.7			40,141		14.3		7.0			7.0
Depreciation		3,357			4.3			3,012			4.0			11.5					12,803			4.4			11,142		4.0		14.9
Amortization &<br> other non-cash charges		1,110			1.4			1,000			1.3			11.0					3,370			1.2			4,922		1.8		(31.5	)
Adjusted<br> EBITDA		18,169			23.4			16,104			21.3			12.8			16.4		59,110			20.3			56,205		20.1		5.2			6.9
CAPEX		9,598						13,839						(30.6	)				27,059						29,553				(8.4	)
Sales Volumes
(Millions of unit cases)
Mexico and Central America		589.5			53.9			589.6			54.6			(0.0	)				2,391.7			57.6			2,494.1		59.0		(4.1	)
South America		165.9			15.2			159.9			14.8			3.8					580.6			14.0			571.3		13.5		1.6
Brazil		338.2			30.9			329.6			30.5			2.6					1,178.0			28.4			1,159.3		27.4		1.6
Total		1,093.6			100.0			1,079.1			100.0			1.3					4,150.4			100.0			4,224.6		100.0		(1.8	)

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

February 25, 2026 | Page 21

FEMSA Macroeconomic Information

	Inflation						End-of-period Exchange Rates
	4Q 2025			LTM ^(1)^ Dec-25			Dec-25			Dec-24
							Per	Per MXN		Per	Per MXN
Mexico		0.29	%		2.39	%			1.0000			1.0000
Colombia		0.45	%		4.43	%			0.0048			0.0046
Brazil		0.13	%		3.28	%			3.2652			3.2731
Argentina		3.70	%		21.76	%			0.0123			0.0196
Chile		0.00	%		3.13	%			0.0198			0.0203
Switzerland		0.63	%		-0.18	%			22.6481			22.4256
Euro Zone		1.15	%		3.29	%			21.1233			21.2907

All values are in US Dollars.

^(1)^ LTM = Last twelve months.

February 25, 2026 | Page 22

INVESTOR RELATIONS<br> Jorge Collazo	[email protected]<br><br> Lorena Martin	[email protected] <br><br> Bryan Silva	[email protected]<br> Agustin Bolio	[email protected] <br><br> [email protected]

MexicoCity, February 24, 2026, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the fourth quarter of 2025.

FOURTH QUARTERHIGHLIGHTS

·	Volume<br> increased 1.3%.
·	Revenue<br> increased 2.9%; on a currency neutral basis, revenue grew 6.0%.
---	---
·	Operating<br> income increased 13.3%; on a currency neutral basis, operating income increased 16.7%.
---	---
·	Majority<br> net income increased 3.0%.
---	---
·	Earnings<br> per share^1^ were Ps. 0.45 (Earnings per unit were Ps. 3.57 and per ADS were Ps.<br> 35.71.).
---	---

FULLYEAR HIGHLIGHTS

·	Volume<br> declined 1.8%.
·	Revenue<br> increased 4.3%; on a currency neutral basis, revenue grew 6.5%.
---	---
·	Operating<br> income increased 7.0%; on a currency neutral basis, operating income grew 7.0%.
---	---
·	Majority<br> net income increased 0.5%.
---	---
·	Earnings<br> per share^1^ were Ps. 1.42 (Earnings per unit were Ps. 11.35 and per ADS were Ps.<br> 113.50.).
---	---
FINANCIAL SUMMARY FOR THE FOURTH QUARTER RESULTS
---
Change vs. same period of last year
		Total Revenues						Gross Profit						Operating Income						Majority Net Income
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		4Q25			FY 2025			4Q25			FY 2025			4Q25			FY 2025			4Q25			FY 2025
	Consolidated		2.9	%		4.3	%		1.8	%		3.4	%		13.3	%		7.0	%		3.0	%		0.5	%
As Reported	Mexico & Central America		1.6	%		1.6	%		2.6	%		0.6	%		(1.1	%)		(2.8	%)
	South America		4.6	%		8.3	%		0.6	%		8.3	%		32.8	%		26.2	%
	Consolidated		6.0	%		6.5	%		4.6	%		5.2	%		16.7	%		7.0	%
Comparable^(2)^	Mexico & Central America		3.3	%		0.4	%		4.4	%		(0.5	%)		1.0	%		(3.8	%)
	South America		9.5	%		16.4	%		5.0	%		15.7	%		38.4	%		29.2	%

IanCraig, Coca-Cola FEMSA’s CEO, commented:

“2025 tested our business in several ways, which provided the opportunity to demonstrate our ability to learn and adjust to changing conditions. It also underscored the resilience of our core business and reinforced the conviction on our strategy of following a sustainable long-term growth model. Through decisive actions to address short-term challenges—particularly in Mexico—and strong execution across South America, we delivered sequential volume improvements throughout the year. We ended the fourth quarter on a strong note, with consolidated volume growth and the highest December volumes in our Company’s history for our four largest operations.

Despite navigating a complex operating environment, our full-year results reflect top- and bottom-line growth with resilient margins, positive momentum in our competitive position, and significant progress in our digital and capacity initiatives.

As we look to 2026, we are well equipped to both address the impact of the increase in the IEPS tax in Mexico and accelerate growth in South America by leveraging our revenue-growth-management initiatives, increased brand engagement from the FIFA World Cup, and continuing to rollout our leading-edge digital capabilities. Combining our top-line initiatives, together with a lean and agile operating model, we are well positioned to continue delivering long-term sustainable growth.”

^(1)^	Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.
^(2)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 2 of 17** |

| --- | --- |

RECENTDEVELOPMENTS

·	On<br> December 9, 2025, Coca-Cola FEMSA paid the fourth installment of the ordinary dividend<br> approved for Ps. 0.23 per share, for a total cash distribution of Ps. 3,819.6 million.
·	On<br> February 12, the Company announced the successful pricing of its bonds in the Mexican<br> market for a total of Ps. 10,000 million. The transaction was completed through a dual-tranche<br> format under the ticker symbols KOF26 and KOF26-2. The first tranche was priced at a fixed-rate<br> of 9.12% (Mbono +0.43%) for an amount of Ps. 7,000 million due in 10 years; the second tranche<br> was priced at a variable rate of Funding TIIE + 0.38% for an amount of Ps. 3,000 million<br> with a 3-year term. The transaction received the highest national credit ratings: ‘mxAAA’<br> from S&P Global Ratings, S.A. de C.V., and ‘AAA.mx’ from Moody’s Local<br> MX, S.A. de C.V., Institución Calificadora de Valores.
---	---
·	Coca-Cola<br> FEMSA delivered a strong sustainability performance in 2025, reflecting material improvements<br> across key ESG ratings. Its S&P Global Corporate Sustainability Assessment (CSA) score<br> increased by 11 points year over year to an all-time<br> high of 81, resulting in inclusion in the 2026 Sustainability Yearbook as the highest-scoring<br> company in its sector in the Americas. The Company also achieved a record score of 4.1 out<br> of 5.0 in the FTSE4Good assessment and posted improvements across MSCI, ISS ESG, Morningstar<br> Sustainalytics, Bloomberg ESG, and CDP, including strong scores across climate, water, and<br> suppliers. These results underscore Coca-Cola FEMSA’s disciplined integration of environmental<br> and social factors and risk management across its operations and value chain.
---	---

CONFERENCECALL INFORMATION

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 3 of 17** |

| --- | --- |

CONSOLIDATEDfourth QUARTER RESULTS

CONSOLIDATEDFOURTH QUARTER RESULTS

	As Reported							Comparable ^(1)^
Expressed in millions of Mexican pesos	4Q 2025		4Q 2024		Δ%			Δ%
Total revenues		77,750		75,528		2.9	%		6.0	%
Gross profit		36,321		35,695		1.8	%		4.6	%
Operating income		13,702		12,092		13.3	%		16.7	%
Adj. EBITDA ^(2)^		18,169		16,104		12.8	%		16.4	%

Volume increased 1.3% to 1,093.6-million-unit cases, driven by volume growth in most of our operations that was partially offset by a slight decline in Mexico.

Totalrevenues increased 2.9% to Ps. 77,750 million. This increase was driven mainly by revenue management initiatives, partially offset by an unfavorable mix and currency translation into Mexican pesos from most of our operating currencies. Excluding currency translation effects, total revenues increased 6.0%.

Grossprofit increased 1.8% to Ps. 36,321 million, and gross margin contracted 60 basis points to 46.7%. This contraction was driven mainly by an unfavorable mix and higher fixed costs such as labor and depreciation. These effects were partially offset by lower sweetener and PET costs, coupled with the appreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. Excluding currency translation effects, gross profit increased 4.6%.

Operatingincome increased 13.3% to Ps. 13,702 million, and operating margin expanded 160 basis points to 17.6%. This margin expansion was positively impacted by the recognition of insurance claims recovered in Brazil and Mexico, net of expenses, for Ps. 1,149 million. By excluding insurance recovery and related expenses in the fourth quarter of 2024 and 2025, our operating income declined 2.1%, resulting in an operating margin contraction of 90 basis points to reach 16.1%. (After excluding the effects on adjusted EBITDA in both periods of 2024 and 2025, adjusted EBITDA increased by 4.4%, while the adjusted EBITDA margin expanded by 30 basis points.).

The normalized operating margin contraction is explained by higher depreciation and labor expenses, partially offset by expense controls such as maintenance and freight, coupled with an operating foreign exchange gain. Excluding currency translation effects, operating income increased 16.7%.

^(1)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
^(2)^	Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 4 of 17** |

| --- | --- |

Comprehensivefinancing result recorded an expense of Ps. 1,357 million, compared to an expense of Ps. 980 million in the previous year. This increase was driven mainly by a higher interest expense, net, due to a reduction in interest income, coupled with an increase in interest expense. The reduction in interest income is explained mainly by a lower cash position in key markets and lower interest rates in Mexico, while the increase in interest expense was driven mainly by the issuance during the second quarter of a U.S. dollar-denominated bond due and its related derivative instruments.

This effect was partially offset by the recognition of a foreign exchange gain of Ps. 83 million in the fourth quarter of 2025 as compared to a gain of Ps. 57 million in the same period of the previous year. The gain this year was driven mainly by the quarterly appreciation of the Mexican peso and Brazilian real as applied to our U.S. dollar-denominated net debt position.

In addition, we recorded a gain in financial instruments of Ps. 162 million, as compared to a loss of Ps. 33 million recorded in the same period of the previous year, driven mainly by the valuation of short-to-mature financial instruments in Brazil.

Additionally, we recognized a higher gain in monetary positions in inflationary subsidiaries related to Argentina for Ps. 108 million as compared to a gain of Ps. 61 million recorded in the same period of the previous year.

Incometax as a percentage of income before taxes was 35.7% as compared to 33.1% during the same period of 2024. This increase was driven mainly by non-creditable taxes in Mexico, inflationary effects, and non-recurring effects from previous fiscal years.

Netincome attributable to equity holders of the company increased 3.0% to reach Ps. 7,501 million. This was driven mainly by operating income growth, partially offset by an increase in our comprehensive financing result and in the effective tax rate. Earnings per share^1^ were Ps. 0.45 (Earnings per unit were Ps. 3.57 and per ADS were Ps. 35.71.).

^(1)^	Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 5 of 17** |

| --- | --- |

CONSOLIDATEDfull year RESULTS

CONSOLIDATED FULL YEAR RESULTS

	As Reported							Comparable ^(1)^
Expressed in millions of Mexican pesos	FY 2025		FY 2024		Δ%			Δ%
Total revenues		291,746		279,793		4.3	%		6.5	%
Gross profit		133,176		128,736		3.4	%		5.2	%
Operating income		42,937		40,141		7.0	%		7.0	%
Adj. EBITDA ^(2)^		59,110		56,205		5.2	%		6.9	%

Volume decreased 1.8% to 4,150.4-million-unit cases, driven mainly by volume declines in Mexico, Panama,      and Colombia that were partially offset by volume growth in the rest of our operations.

Totalrevenues increased 4.3% to Ps. 291,746 million. This increase was driven mainly by revenue management initiatives, partially offset by a volume decline and unfavorable mix and currency translation effects from the Argentine peso into Mexican pesos. On a currency neutral basis, total revenues increased 6.5%.

Grossprofit increased 3.4% to Ps. 133,176 million, and gross margin contracted 40 basis points to 45.6%. This contraction was driven mainly by higher promotional activity and an unfavorable mix, coupled with higher fixed costs such as labor. These effects were partially offset by lower sweetener costs and top-line growth. Excluding currency translation effects, gross profit increased 5.2%.

Operatingincome increased 7.0% to Ps. 42,937 million, and operating margin expanded 40 basis points to 14.7%. This margin expansion was positively impacted by the recognition of insurance claims recovered in Brazil and Mexico, net of expenses, for Ps. 1,432 million. By excluding insurance recoveries and related expenses in 2024 and 2025, our operating income declined 0.7%, resulting in an operating margin contraction of 70 basis points to reach 14.2%. (After excluding the effects on adjusted EBITDA in both periods of 2024 and 2025, adjusted EBITDA increased by 2.7%, while the adjusted EBITDA margin contracted by 30 basis points.).

This operating margin contraction, excluding the effects previously mentioned, was driven mainly by increases in labor, restructuring expenses, depreciation, and maintenance, partially offset by a decrease in freight expenses. In addition, we recognized an operative foreign exchange gain as compared to a loss in the previous year. Excluding currency translation effects, operating income increased 7.0%.

^(1)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
^(2)^	Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 6 of 17** |

| --- | --- |

Comprehensivefinancing result recorded an expense of Ps. 4,945 million, compared to an expense of Ps. 3,906 million in the same period of the previous year. This increase was driven mainly by a higher interest expense, net, of Ps. 5,760 million as compared to Ps. 4,492 million in the same period of the previous year because of a higher interest expense driven mainly by our U.S. dollar-denominated bond due 2035 issued during the second quarter. Additionally, we recorded a reduction in our interest income driven by lower notional and interest rates in Mexico and Argentina.

Moreover, we recognized a foreign exchange gain of Ps. 20 million as compared to a gain of Ps. 304 million in the same period of the previous year. The gain this year was driven mainly by the appreciation of most of our operating currencies as applied to our U.S. dollar cash position partially offset by the appreciation of the Mexican peso as applied to our U.S dollar-denominated debt.

These effects were partially offset by a higher gain in financial instruments of Ps. 412 million as compared to a gain of Ps. 67 million in the same period of the previous year. Finally, we recognized a higher gain in monetary positions in inflationary subsidiaries related to Argentina for Ps. 383 million as compared to a gain of Ps. 216 million in the same period of the previous year.

Incometax as a percentage of income before taxes was 34.1% as compared to 32.7% during the same period of 2024. This increase was driven mainly by non-recurring effects and inflationary effects from previous fiscal years, coupled with non-creditable taxes.

Netincome attributable to equity holders of the company was Ps. 23,845 million as compared to Ps 23,729 million during the same period of the previous year. This 0.5% increase was driven mainly by operating income growth, offset by an increase in our comprehensive financing result and in income taxes. Earnings per share^1^ were Ps. 1.42 (Earnings per unit were Ps. 11.35 and per ADS were Ps. 113.50.).

^(1)^	Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 7 of 17** |

| --- | --- |

MEXICO &CENTRAL AMERICA DIVISION FOURTH QUARTER RESULTS

(Mexico, Guatemala, Costa Rica, Panama, and Nicaragua)

MEXICO &CENTRAL AMERICA DIVISION RESULTS

	As Reported							Comparable ^(1)^
Expressed in millions of Mexican pesos	4Q 2025		4Q 2024		Δ%			Δ%
Total revenues		42,199		41,540		1.6	%		3.3	%
Gross profit		20,782		20,255		2.6	%		4.4	%
Operating income		6,868		6,947		(1.1	%)		1.0	%
Adj. EBITDA ^(2)^		9,658		9,531		1.3	%		3.4	%

Volume remained stable, driven by volume increases in all our Central America South operations and Guatemala, partially offset by a 0.9% volume decline in Mexico.

Totalrevenues increased 1.6% to Ps. 42,199 million. This performance was driven mainly by revenue management initiatives, offset by unfavorable mix effects and unfavorable currency translation effects from all our operating currencies into Mexican pesos. Excluding currency translation effects, total revenues increased 3.3%.

Grossprofit increased 2.6% to Ps. 20,782 million, and gross margin expanded 40 basis points to 49.2%. This margin expansion was driven mainly by lower sweetener and PET costs, coupled with the appreciation of the Mexican peso as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by unfavorable mix effects, lower operating leverage, and higher fixed costs. Excluding currency translation effects, gross profit increased 4.4%.

Operatingincome decreased 1.1% to Ps. 6,868 million, and operating margin contracted 40 basis points to 16.3%. Our operating income includes the recognition of insurance claims in Mexico, net of expenses, for Ps. 116 million. By excluding insurance recoveries and related expenses in the fourth quarter of 2024 and 2025, our operating income declined 8.1%, resulting in an operating margin contraction of 170 basis points to reach 16.0%. (After excluding the effects on adjusted EBITDA in both periods of 2024 and 2025, adjusted EBITDA increased by 0.5%, while the adjusted EBITDA margin contracted by 20 basis points).

This operating margin contraction, excluding the effects previously mentioned, was driven mainly by an increase in operating expenses such as marketing, depreciation, and labor. In addition, this quarter we recognized a lower operative foreign exchange gain as compared to the previous year. These effects were partially offset by operating expense efficiencies such as maintenance and distribution expenses. Excluding currency translation effects, operating income increased 1.0%.

^(1)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
^(2)^	Adjusted EBITDA = operatingincome + depreciation + amortization & other operating non-cash charges.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 8 of 17** |

| --- | --- |

SOUTHAMERICA DIVISION FOURTH QUARTER RESULTS

(Brazil, Argentina, Colombia, and Uruguay)

SOUTH AMERICA DIVISION RESULTS

	As Reported							Comparable ^(1)^
Expressed in millions of Mexican pesos	4Q 2025		4Q 2024		Δ%			Δ%
Total revenues		35,551		33,988		4.6	%		9.5	%
Gross profit		15,539		15,439		0.6	%		5.0	%
Operating income		6,834		5,145		32.8	%		38.4	%
Adj. EBITDA ^(2)^		8,510		6,572		29.5	%		35.6	%

Volume increased 3.0% to 504.1-million-unit cases, driven by volume growth across all the countries in the division.

Totalrevenues increased 4.6% to Ps. 35,551 million. This increase was driven mainly by revenue management initiatives, offsetting an unfavorable currency translation from most of our operating currencies into Mexican pesos. Excluding currency translation effects, total revenues increased 9.5%.

Grossprofit increased 0.6% to Ps. 15,539 million, and gross margin contracted 170 basis points to 43.7%. This contraction was driven by an unfavorable mix and higher fixed costs such as labor and depreciation. These effects were partially offset by lower sweetener and PET costs, coupled with the appreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. Excluding currency translation effects, gross profit increased 5.0%.

Operatingincome increased 32.8% to Ps. 6,834 million, resulting in an operating margin expansion of 410 basis points to 19.2%. This margin expansion was positively impacted by the recognition of insurance claims recovered in Brazil, net of expenses, for Ps. 1,032 million. By excluding insurance recoveries and related expenses in 2024 and 2025, our operating income increased 6.0%, resulting in an operating margin expansion of 20 basis points to reach 16.3%. (After excluding the effects on adjusted EBITDA in both periods of 2024 and 2025, adjusted EBITDA increased by 9.6%, while the adjusted EBITDA margin expanded by 90 basis points.).

This operating margin increase was driven mainly by expense efficiencies such as freight, marketing, and maintenance, partially offset by higher expenses such as rents and restructuring expenses. Excluding currency translation effects, operating income increased 38.4%.

^(1)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
^(2)^	Adjusted EBITDA = operatingincome + depreciation + amortization & other operating non-cash charges.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 9 of 17** |

| --- | --- |

DEFINITIONS

Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.

Transactions refers to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

Operatingincome is a non-GAAP financial measure computed as “gross profit – operating expenses – other operating expenses, net + operative equity method (gain) loss in associates.”

AdjustedEBITDA is a non-GAAP financial measure computed as “operating income + depreciation + amortization & other operating non-cash charges.”

Earningsper share are equal to “quarterly earnings / outstanding shares.” Earnings per share (EPS) for all periods are adjusted to give effect to the stock split resulting in 16,806,658,096 shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

COMPARABILITY

Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

Due to the average depreciation of the Argentine peso and most of the operating currencies relative to the Mexican peso in the fourth quarter of 2025, as compared to the same period of 2024, we had an unfavorable currency translation effect into Mexican pesos. Please see page 17 for exchange rate fluctuations.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 10 of 17** |

| --- | --- |

ABOUTTHE COMPANY

Stock listing information: Mexican Stock Exchange, Ticker: KOFUBL | NYSE (ADS), Ticker: KOF | Ratio of KOFUBL to KOF = 10:1

Coca-Cola FEMSA files reports, including annual reports and other information, with the U.S. Securities and Exchange Commission, or the “SEC,” and the Mexican Stock Exchange (Bolsa Mexicana de Valores, or the “BMV”) pursuant to the rules and regulations of the SEC (that apply to foreign private issuers) and of the BMV. Filings we make electronically with the SEC and the BMV are available to the public on the Internet at the SEC’s website at www.sec.gov, the BMV’s website at www.bmv.com.mx, and our website at www.coca-colafemsa.com.

Coca-Cola FEMSA, S.A.B. de C.V. is the largest franchise bottler in the world by sales volume. The Company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio to more than 276 million consumers. With over 93,000 employees, the Company markets and sells approximately 4.2-billion-unit cases through approximately 2.2 million points of sale a year. Operating 56 manufacturing plants and 256 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all its stakeholders across the value chain. The Company is a member of the Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index, among others. Its operations encompass certain territories in Mexico, Brazil, Guatemala, Colombia, and Argentina and, nationwide, in Costa Rica, Nicaragua, Panama, Uruguay and, in Venezuela, through an investment in KOF Venezuela. For further information, please visit www.coca-colafemsa.com

ADDITIONALINFORMATION

All the financial information presented in this report was prepared under International Financial Reporting Standards (IFRS).

This news release may contain forward-looking statements concerning Coca-Cola FEMSA’s future performance, which should be considered as good faith estimates by Coca-Cola FEMSA. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, many of which are outside Coca-Cola FEMSA’s control, which could materially impact the Company’s actual performance. References herein to “US$” are to United States dollars. This news release contains translations of certain Mexican peso amounts into U.S. dollars for the convenience of the reader. These translations should not be construed as representations that Mexican peso amounts represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated.

(6 pages oftables to follow)

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 11 of 17** |

| --- | --- |

COCA-COLAFEMSA

CONSOLIDATEDINCOME STATEMENT

Millionsof Pesos ^(1)^

	For the<br> Fourth Quarter of:																		For the<br> full year of:
	2025			% of Rev.			2024			% of Rev.			Δ%<br> <br><br> Reported			Δ% Comparable ^(7)^			2025			% of Rev.			2024			% of Rev.			Δ%<br> <br><br> Reported			Δ% Comparable ^(7)^
Transactions (million transactions)		6,566.5						6,445.3						1.9	%		1.9	%		24,812.9						24,929.2						-0.5	%		-0.5	%
Volume (million unit cases)		1,093.6						1,079.1						1.3	%		1.3	%		4,150.4						4,224.6						-1.8	%		-1.8	%
Average price per unit case		68.35						67.45						1.3	%					68.09						64.23						6.0	%
Net revenues		77,493						75,302						2.9	%					291,147						279,030						4.3	%
Other operating revenues		257						226						14.0	%					599						763						-21.5	%
Total revenues ^(2)^		77,750			100.0	%		75,528			100.0	%		2.9	%		6.0	%		291,746			100.0	%		279,793			100.0	%		4.3	%		6.5	%
Cost of goods sold		41,429			53.3	%		39,833			52.7	%		4.0	%					158,570			54.4	%		151,057			54.0	%		5.0	%
Gross profit		36,321			46.7	%		35,695			47.3	%		1.8	%		4.6	%		133,176			45.6	%		128,736			46.0	%		3.4	%		5.2	%
Operating expenses		23,532			30.3	%		23,883			31.6	%		-1.5	%					91,708			31.4	%		88,101			31.5	%		4.1	%
Other operative expenses, net		(817	)		-1.1	%		(253	)		-0.3	%		222.8	%					(1,086	)		-0.4	%		688			0.2	%		NA
Operative<br> equity method (gain) loss in associates^(3)^		(96	)		-0.1	%		(27	)		0.0	%		253.0	%					(383	)		-0.1	%		(194	)		-0.1	%		97.8	%
Operating income ^(5)^		13,702			17.6	%		12,092			16.0	%		13.3	%		16.7	%		42,937			14.7	%		40,141			14.3	%		7.0	%		7.0	%
Other non operative expenses, net		145			0.2	%		(36	)		0.0	%		NA						451			0.2	%		31			0.0	%		1357.1	%
Non<br> Operative equity method (gain) loss in associates ^(4)^		(5	)		0.0	%		(37	)		0.0	%		-87.3	%					(148	)		-0.1	%		(112	)		0.0	%		32.3	%
Interest expense		2,250						1,935						16.3	%					8,130						7,532						7.9	%
Interest income		539						870						-38.0	%					2,369						3,039						-22.0	%
Interest expense, net		1,711						1,065						60.6	%					5,760						4,492						28.2	%
Foreign exchange loss (gain)		(83	)					(57	)					46.1	%					(20	)					(304	)					-93.3	%
Loss (gain) on monetary position in<br> inflationary subsidiaries		(108	)					(61	)					76.5	%					(383	)					(216	)					77.8	%
Market value (gain) loss on financial<br> instruments		(162	)					33						NA						(412	)					(67	)					511.1	%
Comprehensive financing result		1,357						980						38.4	%					4,945						3,906						26.6	%
Income before taxes		12,204						11,185						9.1	%					37,689						36,316						3.8	%
Income taxes		4,315						3,686						17.1	%					12,674						11,768						7.7	%
Result of discontinued operations		-						-						NA						-						-						NA
Consolidated net income		7,890						7,499						5.2	%					25,016						24,549						1.9	%
Net income attributable to equity holders of the company		7,501			9.6	%		7,286			9.6	%		3.0	%		5.8	%		23,845			8.2	%		23,729			8.5	%		0.5	%		-0.6	%
Non-controlling interest		389			0.5	%		213			0.3	%		82.2	%					1,171			0.4	%		820			0.3	%		42.8	%
Adj. EBITDA &<br> CAPEX	2025			% of Rev.			2024			% of Rev.			Δ%<br> Reported			Δ% Comparable ^(7)^			2025			% of Rev.			2024			% of Rev.			Δ%<br> Reported			Δ% Comparable ^(7)^
Operating<br> income ^(5)^		13,702			17.6	%		12,092			16.0	%		13.3	%		16.7	%		42,937			14.7	%		40,141			14.3	%		7.0	%		7.0	%
Depreciation		3,357						3,012						11.5	%					12,803						11,142						14.9	%
Amortization and other operative non-cash charges		1,110						1,000						11.0	%					3,370						4,922						-31.5	%
Adj. EBITDA ^(5)(6)^		18,169			23.4	%		16,104			21.3	%		12.8	%		16.4	%		59,110			20.3	%		56,205			20.1	%		5.2	%		6.9	%
CAPEX^(8)^		9,464						13,778						-31.3	%					26,765						29,416						-9.0	%
^(1)^	Except volume and average price per unit case figures.
---	---
^(2)^	Please refer to page 15 and 16 for revenue breakdown.
---	---
^(3)^	Includes equity method in Jugos del Valle and Leão Alimentos, among others.
---	---
^(4)^	Includes equity method in PIASA, IEQSA, Beta San Miguel, IMER, and KSP Participacoes, among others.
---	---
^(5)^	The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.
---	---
^(6)^	Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.
---	---
^(7)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
---	---
^(8)^	As of December 31, 2025, the investment in fixed assets effectively paid is equivalent to Ps. 23,325 million.
---	---

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 12 of 17** |

| --- | --- |

MEXICO &CENTRAL AMERICA DIVISION

RESULTSOF OPERATIONS

Millionsof Pesos ^(1)^

	For the<br> Fourth Quarter of:																		For the<br> full year of:
	2025			% of Rev.			2024			% of Rev.			Δ%<br> <br><br> Reported			Δ% Comparable ^(6)^			2025			% of Rev.			2024			% of Rev.			Δ%<br> <br><br> Reported			Δ% Comparable ^(6)^
Transactions (million transactions)		3,065.6						3,091.7						-0.8	%		-0.8	%		12,411.4						12,926.6						-4.0	%		-4.0	%
Volume (million unit cases)		589.5						589.6						0.0	%		0.0	%		2,391.7						2,494.1						-4.1	%		-4.1	%
Average price per unit case		70.61						69.66						1.4	%					70.16						66.48						5.5	%
Net revenues		42,186						41,517												169,595						166,972
Other operating revenues		12						23												46						24
Total Revenues ^(2)^		42,199			100.0	%		41,540			100.0	%		1.6	%		3.3	%		169,641			100.0	%		166,996			100.0	%		1.6	%		0.4	%
Cost of goods sold		21,417			50.8	%		21,284			51.2	%								88,407			52.1	%		86,214			51.6	%
Gross profit		20,782			49.2	%		20,255			48.8	%		2.6	%		4.4	%		81,234			47.9	%		80,782			48.4	%		0.6	%		-0.5	%
Operating expenses		13,835			32.8	%		13,485			32.5	%								55,547			32.7	%		53,810			32.2	%
Other operative expenses, net		133			0.3	%		(176	)		-0.4	%								20			0.0	%		457			0.3	%
Operative<br> equity method (gain) loss in associates ^(3)^		(55	)		-0.1	%		(1	)		0.0	%								(217	)		-0.1	%		(115	)		-0.1	%
Operating income ^(4)^		6,868			16.3	%		6,947			16.7	%		-1.1	%		1.0	%		25,884			15.3	%		26,630			15.9	%		-2.8	%		-3.8	%
Depreciation, amortization & other operating non-cash<br> charges		2,790			6.6	%		2,584			6.2	%								9,888			5.8	%		9,938			6.0	%
Adj. EBITDA ^(4)(5)^		9,658			22.9	%		9,531			22.9	%		1.3	%		3.4	%		35,772			21.1	%		36,568			21.9	%		-2.2	%		-3.2	%
^(1)^	Except volume and average price per unit case figures.
---	---
^(2)^	Please refer to page 15 and 16 for revenue breakdown.
---	---
^(3)^	Includes equity method in Jugos del Valle, among others.
---	---
^(4)^	The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.
---	---
^(5)^	Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.
---	---
^(6)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
---	---

SOUTHAMERICA DIVISION

RESULTSOF OPERATIONS

Millionsof Pesos ^(1)^

	For the<br> Fourth Quarter of:																		For the<br> full year of:
	2025			% of Rev.			2024			% of Rev.			Δ%<br> <br><br> Reported			Δ% Comparable ^(6)^			2025			% of Rev.			2024			% of Rev.			Δ%<br> <br><br> Reported			Δ% Comparable ^(6)^
Transactions (million transactions)		3,500.9						3,353.5						4.4	%		4.4	%		12,401.5						12,002.6						3.3	%		3.3	%
Volume (million unit cases)		504.1						489.5						3.0	%		3.0	%		1,758.7						1,730.6						1.6	%		1.6	%
Average price per unit case		65.70						64.80						1.4	%					65.26						60.98						7.0	%
Net revenues		35,306						33,785												121,551						112,058
Other operating revenues		245						203												554						739
Total Revenues ^(2)^		35,551			100.0	%		33,988			100.0	%		4.6	%		9.5	%		122,105			100.0	%		112,797			100.0	%		8.3	%		16.4	%
Cost of goods sold		20,012			56.3	%		18,549			54.6	%								70,163			57.5	%		64,843			57.5	%
Gross profit		15,539			43.7	%		15,439			45.4	%		0.6	%		5.0	%		51,942			42.5	%		47,954			42.5	%		8.3	%		15.7	%
Operating expenses		9,697			27.3	%		10,398			30.6	%								36,161			29.6	%		34,291			30.4	%
Other operative expenses, net		(951	)		-2.7	%		(77	)		-0.2	%								(1,106	)		-0.9	%		231			0.2	%
Operative<br> equity method (gain) loss in associates ^(3)^		(41	)		-0.1	%		(27	)		-0.1	%								(166	)		-0.1	%		(78	)		-0.1	%
Operating income ^(4)^		6,834			19.2	%		5,145			15.1	%		32.8	%		38.4	%		17,053			14.0	%		13,511			12.0	%		26.2	%		29.2	%
Depreciation, amortization & other operating non-cash<br> charges		1,676			4.7	%		1,427			4.2	%								6,285			5.1	%		6,127			5.4	%
Adj. EBITDA ^(4)(5)^		8,510			23.9	%		6,572			19.3	%		29.5	%		35.6	%		23,338			19.1	%		19,637			17.4	%		18.8	%		27.2	%
^(1)^	Except volume and average price per unit case figures.
---	---
^(2)^	Please refer to page 15 and 16 for revenue breakdown.
---	---
^(3)^	Includes equity method in Leão Alimentos, among others.
---	---
^(4)^	The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.
---	---
^(5)^	Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.
---	---
^(6)^	Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.
---	---

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 13 of 17** |

| --- | --- |

COCA-COLAFEMSA

CONSOLIDATEDBALANCE SHEET

Millionsof Pesos

Assets	Dec-25			Dec-24			% Var.
Current Assets
Cash, cash equivalents and marketable securities		28,067			32,779			-14	%
Total accounts receivable		22,146			18,620			19	%
Inventories		14,014			14,059			0	%
Other current assets		10,343			9,675			7	%
Total current assets		74,570			75,132			-1	%
Non-Current Assets
Property, plant and equipment		174,289			161,785			8	%
Accumulated depreciation		(65,159	)		(62,404	)		4	%
Total property, plant and equipment, net		109,130			99,381			10	%
Right of use assets		2,617			2,989			-12	%
Investment in shares		10,588			10,233			3	%
Intangible assets and other assets		102,356			101,876			0	%
Other non-current assets		15,278			18,375			-17	%
Total Assets		314,539			307,986			2	%
Liabilities & Equity	Dec-25		Dec-24		% Var.
---	---	---	---	---	---	---	---
Current Liabilities
Short-term bank loans and notes payable		7,944		3,314		140	%
Suppliers		31,898		33,773		-6	%
Short-term leasing Liabilities		631		889		-29	%
Other current liabilities		26,284		29,195		-10	%
Total current liabilities		66,757		67,171		-1	%
Non-Current Liabilities
Long-term bank loans and notes payable		71,834		70,383		2	%
Long Term Leasing Liabilities		2,273		2,295		-1	%
Other long-term liabilities		19,647		17,595		12	%
Total liabilities		160,511		157,445		2	%
Equity
Non-controlling interest		7,827		7,113		10	%
Total controlling interest		146,201		143,428		2	%
Total equity		154,029		150,542		2	%
Total Liabilities and Equity		314,539		307,986		2	%
	December 31,<br> 2025
---	---	---	---	---	---	---	---	---	---
Debt Mix	%<br> Total Debt ^(1)^			%<br> Interest Rate <br> Floating ^(1) (2)^			Average Rate
Currency
Mexican Pesos		60.7	%		2.8	%		8.5	%
U.S. Dollars		18.6	%		30.5	%		4.3	%
Colombian Pesos		2.9	%		42.9	%		8.6	%
Brazilian Reals		16.9	%		13.1	%		10.9	%
Argentine Pesos		0.8	%		0.0	%		36.2	%
Total Debt		100	%		16.3	%		8.0	%

*^(1)^*Aftergiving effect to swaps.

*^(2)^*Calculated  basedon the  weighting of the outstanding debt mix for each year.

Debt Maturity Profile

Financial Ratios	FY 2025			FY 2024			Δ%
Net<br> debt including effect of hedges ^(1)(3)^		52,846			38,329			37.9	%
Net<br> debt including effect of hedges / Adj. EBITDA ^(1)(3)^		0.89			0.68
Adj.<br> EBITDA/ Interest expense, net ^(1)^		10.26			12.51
Capitalization<br> ^(2)^		35.4	%		33.3	%

*^(1)^*Netdebt = total debt - cash

*^(2)^*Totaldebt / (total debt + shareholders' equity)

*^(3)^*After giving effect to swaps.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 14 of 17** |

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COCA-COLAFEMSA

QUARTERLY-VOLUME, TRANSACTIONS & REVENUES

Volume

	4Q 2025										4Q 2024										YoY
	Sparkling		Water ^(1)^		Bulk ^(2)^		Stills		Total		Sparkling		Water ^(1)^		Bulk ^(2)^		Stills		Total		Δ<br> %
Mexico		339.4		29.4		85.2		39.3		493.2		346.9		29.1		84.9		36.6		497.4		-0.9	%
Guatemala		44.3		2.1		0.6		2.0		48.9		43.2		1.5		-		2.6		47.2		3.5	%
CAM South		39.2		2.2		0.2		5.8		47.4		37.5		1.9		0.9		4.6		44.9		5.5	%
Mexico and Central America		422.9		33.6		85.9		47.1		589.5		427.6		32.5		85.8		43.8		589.6		0.0	%
Colombia		74.2		11.0		3.7		6.9		95.7		71.4		10.0		3.7		6.6		91.6		4.5	%
Brazil<br> ^(3)^		278.6		25.7		2.9		31.0		338.2		274.5		24.6		2.8		27.7		329.6		2.6	%
Argentina		39.1		7.4		2.1		5.6		54.1		39.0		7.1		1.9		4.6		52.6		3.0	%
Uruguay		12.6		2.2		-		1.2		16.0		12.4		2.1		-		1.1		15.7		2.1	%
South America		404.6		46.3		8.6		44.7		504.1		397.4		43.8		8.4		40.0		489.5		3.0	%
TOTAL		827.5		79.9		94.5		91.7		1,093.6		824.9		76.3		94.2		83.7		1,079.1		1.3	%

*^(1)^*Excludeswater presentations larger than 5.0 Lt ; includes flavored water.

*^(2)^*BulkWater  = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions

	4Q 2025								4Q 2024								YoY
	Sparkling		Water		Stills		Total		Sparkling		Water		Stills		Total		Δ<br> %
Mexico		1,859.2		215.6		277.6		2,352.3		1,937.0		208.6		259.2		2,404.7		-2.2	%
Guatemala		321.8		19.4		20.9		362.1		317.9		14.0		20.6		352.5		2.7	%
CAM South		280.9		14.0		56.3		351.2		269.5		12.6		52.4		334.5		5.0	%
Mexico and Central America		2,461.9		249.0		354.8		3,065.6		2,524.3		235.2		332.2		3,091.7		-0.8	%
Colombia		539.7		108.6		50.6		698.9		511.0		101.4		49.4		661.7		5.6	%
Brazil<br> ^(3)^		1,876.6		222.4		346.5		2,445.4		1,821.5		213.9		314.3		2,349.8		4.1	%
Argentina		192.2		39.8		47.0		279.0		189.1		40.9		37.0		267.0		4.5	%
Uruguay		59.3		8.7		9.5		77.5		57.7		8.3		9.1		75.1		3.3	%
South America		2,667.8		379.4		453.6		3,500.9		2,579.3		364.4		409.8		3,353.5		4.4	%
TOTAL		5,129.7		628.4		808.4		6,566.5		5,103.6		599.6		742.0		6,445.3		1.9	%

Revenues

Expressed in million Mexican Pesos	4Q 2025		4Q 2024		Δ<br> %
Mexico		33,873		33,078		2.4	%
Guatemala		4,093		4,123		-0.7	%
CAM South		4,233		4,339		-2.4	%
Mexico and Central America		42,199		41,540		1.6	%
Colombia		6,428		6,145		4.6	%
Brazil<br> ^(4)^		23,976		22,099		8.5	%
Argentina		3,341		3,996		-16.4	%
Uruguay		1,807		1,748		3.4	%
South America		35,551		33,988		4.6	%
TOTAL		77,750		75,528		2.9	%

*^(3)^*Volumeand transactions in Brazil do not include beer

*^(4)^*Brazilincludes beer revenues of Ps. 1,713.5 million for the fourth quarter of 2025 and Ps. 1,571.7 million for the same period of the previousyear.

^(1)^	Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.
^(2)^	Transactions refers to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.
---	---

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 15 of 17** |

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COCA-COLAFEMSA

YTD-VOLUME, TRANSACTIONS & REVENUES

Volume

	FY 2025										FY 2024										YoY
	Sparkling		Water ^(1)^		Bulk ^(2)^		Stills		Total		Sparkling		Water ^(1)^		Bulk ^(2)^		Stills		Total		Δ<br> %
Mexico		1,359.2		129.2		363.5		161.7		2,013.6		1,454.8		136.1		375.2		158.2		2,124.3		-5.2	%
Guatemala		178.0		8.5		2.9		8.5		197.8		174.0		9.0		-		9.7		192.8		2.6	%
CAM South		148.0		8.8		0.7		22.8		180.3		145.6		6.3		3.8		21.3		177.0		1.9	%
Mexico and Central<br> America		1,685.3		146.5		367.1		192.9		2,391.7		1,774.3		151.5		379.0		189.3		2,494.1		-4.1	%
Colombia		267.9		41.0		14.5		26.0		349.4		267.9		40.4		15.6		28.4		352.3		-0.8	%
Brazil<br> ^(3)^		976.4		87.3		9.8		104.5		1,178.0		966.1		83.3		10.2		99.7		1,159.3		1.6	%
Argentina		130.2		24.3		6.4		18.0		178.8		126.4		21.4		7.1		13.4		168.3		6.3	%
Uruguay		41.1		7.6		-		3.6		52.3		40.6		6.9		-		3.2		50.7		3.2	%
South America		1,415.7		160.2		30.7		152.1		1,758.7		1,400.9		152.1		32.9		144.7		1,730.6		1.6	%
TOTAL		3,100.9		306.7		397.8		345.0		4,150.4		3,175.3		303.5		411.9		333.9		4,224.6		-1.8	%

*^(1)^*Excludeswater presentations larger than 5.0 Lt ; includes flavored water.

*^(2)^*BulkWater  = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions

	FY 2025								FY 2024								YoY
	Sparkling		Water		Stills		Total		Sparkling		Water		Stills		Total		Δ<br> %
Mexico		7,498.8		927.5		1,127.5		9,553.8		8,071.4		948.3		1,112.2		10,131.9		-5.7	%
Guatemala		1,326.2		80.7		91.6		1,498.5		1,299.1		65.0		95.4		1,459.5		2.7	%
CAM South		1,077.4		57.1		224.6		1,359.0		1,058.5		56.3		220.5		1,335.2		1.8	%
Mexico and Central America		9,902.4		1,065.3		1,443.7		12,411.4		10,428.9		1,069.6		1,428.1		12,926.6		-4.0	%
Colombia		1,966.6		410.2		197.8		2,574.7		1,951.1		412.9		228.8		2,592.8		-0.7	%
Brazil<br> ^(3)^		6,669.1		755.7		1,192.0		8,616.8		6,428.1		725.8		1,132.2		8,286.2		4.0	%
Argentina		663.8		138.5		149.3		951.7		634.6		129.4		113.4		877.4		8.5	%
Uruguay		199.8		29.3		29.3		258.4		193.3		26.9		26.1		246.2		4.9	%
South America		9,499.4		1,333.7		1,568.5		12,401.5		9,207.1		1,295.0		1,500.5		12,002.6		3.3	%
TOTAL		19,401.7		2,399.0		3,012.1		24,812.9		19,636.0		2,364.6		2,928.6		24,929.2		-0.5	%

Revenues

Expressed in million Mexican Pesos	FY 2025		FY 2024		Δ<br> %
Mexico		136,193		135,906		0.2	%
Guatemala		16,839		15,524		8.5	%
CAM South		16,608		15,566		6.7	%
Mexico and Central America		169,641		166,996		1.6	%
Colombia		22,975		20,994		9.4	%
Brazil<br> ^(4)^		82,436		74,126		11.2	%
Argentina		11,009		12,557		-12.3	%
Uruguay		5,685		5,119		11.1	%
South America		122,105		112,797		8.3	%
TOTAL		291,746		279,793		4.3	%

*^(3)^*Volumeand transactions in Brazil do not include beer

*^(4)^*Brazilincludes beer revenues of Ps. 5,328.0 million for the full year of 2025 and Ps. 5,276.1 million for the same period of the previous year.

^(1)^	Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.
^(2)^	Transactions refers to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.
---	---

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 16 of 17** |

| --- | --- |

COCA-COLAFEMSA

MACROECONOMICINFORMATION

Inflation^(1)^

	LTM			4Q25			YTD
Mexico		3.69	%		1.27	%		3.69	%
Colombia		5.10	%		0.65	%		5.10	%
Brasil		4.26	%		0.95	%		4.26	%
Argentina		31.55	%		8.04	%		31.55	%
Costa Rica		-1.23	%		0.26	%		-1.23	%
Panama		0.15	%		-0.03	%		0.15	%
Guatemala		1.65	%		0.64	%		1.65	%
Nicaragua		2.70	%		1.22	%		2.70	%
Uruguay		3.65	%		0.87	%		3.65	%

*^(1)^*Source:inflation estimated by the company based on historic publications from the Central Bank of each country.

AverageExchange Rates for each period ^(2)^

	Quarterly<br> Exchange Rate (Local Currency per )						Year to<br> Date Exchange Rate  (Local Currency per )
	4Q25	4Q24		Δ<br> %			FY 25	FY 24		Δ<br> %
México			20.07		-8.7	%			18.30		5.1	%
Colombia			4,351.70		-12.2	%			4,074.44		-0.5	%
Brasil			5.84		-7.7	%			5.39		3.7	%
Argentina			1,001.46		43.5	%			916.29		35.8	%
Costa Rica			513.80		-2.3	%			518.22		-2.3	%
Panama			1.00		0.0	%			1.00		0.0	%
Guatemala			7.72		-0.8	%			7.76		-1.0	%
Nicaragua			36.62		0.0	%			36.62		0.0	%
Uruguay			42.67		-7.2	%			40.21		2.2	%

All values are in US Dollars.

End-of-period ExchangeRates

	Closing<br> Exchange Rate  (Local Currency per )						Closing<br> Exchange Rate (Local Currency per )
	Dec-25	Dec-24		Δ<br> %			Sep-25	Sep-24		Δ<br> %
México			20.27		-11.4	%			19.63		-6.4	%
Colombia			4,409.15		-14.8	%			4,164.21		-6.3	%
Brasil			6.19		-11.1	%			5.45		-2.4	%
Argentina			1,032.00		41.0	%			970.50		42.2	%
Costa Rica			512.73		-2.2	%			522.87		-3.2	%
Panama			1.00		0.0	%			1.00		0.0	%
Guatemala			7.71		-0.5	%			7.72		-0.9	%
Nicaragua			36.62		0.0	%			36.62		0.0	%
Uruguay			44.07		-11.4	%			41.64		-4.3	%

All values are in US Dollars.

*^(2)^*Averageexchange rate for each period computed with the average exchange rate of each month.

| **Coca-Cola FEMSA Reports 4Q25 Results**<br><br><br><br>February 24, 2026 | **Page 17 of 17** |

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