During the third quarter of 2025 (3Q25), Coca-Cola FEMSA obtained revenues of 71,884 million pesos (mdp) , which represented an increase of 3.3% compared to the same period in 2024, when its revenues totaled 69,601 million pesos.
This increase was primarily driven by “our revenue management initiatives, partially offset by a slight decrease in volume, promotional activity, and unfavorable currency translation effects, primarily due to the depreciation of the Argentine peso and most of our operating currencies in Central America to Mexican pesos,” the company explained.
According to its earnings report, submitted to the Mexican Stock Exchange (BMV) , its gross profit was 32.391 billion pesos in 3Q25, an increase of 0.9% compared to the same period last year.
Regarding operating income , Coca-Cola FEMSA showed a good performance during the period, reaching 10,291 million pesos compared to 9,638 million pesos in the third quarter of 2024 (3Q24), which represented an increase of 6.8 percent.
In 3Q25, its operating cash flow (EBITDA) was 14.449 billion pesos, an increase of 3.2% compared to the same period in 2024.
Despite the positive results for the period, the bottler recorded a 0.6% reduction in volume to 1.035 billion unit cases , mainly due to “decreases in volume in Mexico and Panama, which were partially offset by volume growth in Brazil, Colombia, Argentina, Guatemala, Costa Rica and Nicaragua.”
“During the third quarter, we achieved a gradual improvement in our results despite facing a challenging environment. Sales volume declined slightly, driven primarily by Mexico, where we are navigating a slowing macroeconomic environment, which is translating into lower consumption,” explained Ian Craig, CEO of Coca-Cola FEMSA.
Accumulated and performance in Latin America
Revenue increased 5% to 213.98 billion pesos, while gross profit increased 4.3% to 96.85 billion pesos. Meanwhile, operating profit also grew year-to-date, reaching 29.234 billion pesos, a 4.3% increase compared to the same period in 2024.
EBITDA was 40.939 billion pesos, an increase of 2.2% over the first nine months of 2024.
Regarding the results of its Mexico and Central America division (Mexico, Guatemala, Costa Rica, Panama and Nicaragua) , Coca-Cola FEMSA stated that during the 3Q25 its revenues decreased 0.2% at an annual rate, while its gross profit fell 2.6 percent.
In its South American division (Brazil, Argentina, Colombia and Uruguay) , the company noted that its revenue increased 8.7%, and its gross profit grew 7.2% in the period.
“Looking beyond this year, we will leverage Coca-Cola FEMSA’s ability to adapt to challenging operating conditions, including the impact of the increased beverage tax in Mexico,” Ian Craig emphasized.
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