In the second quarter of 2025 (2Q25), Fomento Económico Mexicano (FEMSA) obtained revenues of 211 thousand 364 million pesos (mdp) , which represented an increase of 6.3% compared to what was achieved in the same period of 2024, driven by the growth in its business units, according to information from its financial report sent to the Mexican Stock Exchange (BMV) .
In the document, the company detailed that its operating cash flow (EBITDA) was 29.589 billion pesos, which represented a 3.4% increase compared to the same period last year.
The increase in its revenue, the firm explained, was due to the expansion of its Proximity division ( Oxxo ), mainly in the United States.
“Among the positive aspects, several of our convenience and beverage operations outside of Mexico delivered solid results, which, combined with favorable foreign exchange momentum, helped mitigate the impact. Our retail operations outside of Mexico showed encouraging signs of dynamic progress while refining their value propositions and increasing their scale,” highlighted José Antonio Fernández Carbajal, FEMSA’s CEO.
FEMSA explained that after adjusting for the effects of the peso’s exchange rate against the dollar and mergers and acquisitions, its total revenue grew 2.2 percent.
“On July 1, 2025, FEMSA announced that it completed the previously announced transaction on October 10, 2024, to divest certain of its logistics operations operating under the Solistica name to Grupo Traxión , a transportation and logistics company in Mexico. The transaction includes FEMSA’s transportation management operations in Mexico and contract logistics operations in Mexico, Brazil, and Colombia. The transaction does not include FEMSA’s less-than-truckload (LTL) operations in Brazil,” the document detailed.
According to the earnings report, its operating profit was 17.832 billion pesos , representing a 1.2% increase over the reference period, which also benefited from exchange rate effects.
“At Proximidad Américas Mexico, average store traffic was again below our expectations, while most trends outside of Mexico were positive,” said José Antonio Fernández.
Store expansion, which was 6.3% in 2Q25, as well as the consolidation of operations in the United States, helped mitigate the impact and sustain growth in the second quarter of the year.
“During the quarter, Oxxo’s store base in Mexico, the United States, and Latin America expanded by 334 stores. This division had 1,500 net additions in the last 12 months, including 249 stores from our acquisition of Delek’s retail operation in the United States. As of June 30, 2025, Proximidad Américas had a total of 25,180 stores,” the report explained.
The company emphasized that Coca-Cola FEMSA ‘s total revenue and operating income grew 5% and 0.2%, respectively, in the second quarter of the year, compared to the same period in 2024.
Its digital financial service, Spin by Oxxo , had 9.4 million active users in the second quarter of 2025, representing 18.8% growth compared to the same period last year.
“During the second quarter, our results were mixed. In our core operations in Mexico, we faced the challenging combination of a weak consumer environment and adverse weather conditions, which pressured our retail operations and beverage volumes. On the bright side, several of our retail and beverage operations outside of Mexico delivered solid results, which, combined with favorable foreign exchange momentum, helped mitigate the impact,” said FEMSA’s CEO.
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