Coca-Cola FEMSA obtained revenues of 70 billion 925 million pesos (mdp) in the first quarter of 2026 (1Q26), a growth of 1.1% compared to the same period in 2025.

“Our first-quarter results reflected the resilience of our business and the advantages offered by geographic diversification. Consolidated volume growth was driven by most of our operations, including strong performance in Argentina, Brazil, Colombia, and Guatemala, which helped offset a volume decline in Mexico,” said Ian Craig, CEO of Coca-Cola FEMSA.

According to the report, gross profit was MXN 33.255 billion in Q1 2026 , representing a 4.5% increase compared to Q1 2025, and the gross margin expanded 150 basis points to 46.9% , driven by lower sweetener and PET costs, as well as the appreciation of operating currencies. However, the result was limited by higher fixed labor costs and other expenses.

Consolidated operating profit decreased by 2.3% to 9,032 million pesos during Q1 2026. Meanwhile, net profit attributable to majority shareholders closed at 4,342 million pesos, representing a year-on-year reduction of 15.5 percent.

In the Mexico and Central America region (Mexico, Guatemala, Costa Rica, Panama, and Nicaragua), Coca-Cola FEMSA reported a 1.4% drop in revenue, totaling 39,117 million pesos during Q1 2026 compared to 39,669 million pesos in Q1 2025. Gross profit was 19,020 million pesos, a year-on-year increase of 0.7 percent.

Conversely, operating profit fell 17.4% to 4,461 million pesos in the cycle, mainly affected by weak consumption and the Special Tax on Production and Services (IEPS).

In the South America division (Brazil, Argentina, Colombia and Uruguay) the company recorded 31,809 million pesos in revenue in Q1 2026, an increase of 4.3% compared to the same period in 2025. Gross profit grew 10% and operating profit rose 18.8% year-on-year.

For the remainder of the year, Coca-Cola FEMSA seeks to strengthen its position through revenue management initiatives and sustainable volume growth.

The strategy includes leveraging the 2026 FIFA World Cup platform in its operating markets to boost sales. The operational focus will be on capturing efficiencies and savings to protect long-term profitability.

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Coca-Cola FEMSA recorded a solid performance in the fourth quarter of 2025 (4Q25), obtaining revenues of 75.75 billion pesos (mdp) , which meant a growth of 2.9% compared to the same quarter of 2024, when they were 75.528 billion pesos

“The increase was driven primarily by our revenue management initiatives, partially offset by unfavorable mix and currency translation effects to Mexican pesos in most of our operating currencies. Excluding currency translation effects, total revenue increased 6%,” the bottler explained in its earnings report.

The company detailed that its  gross profit  was 36,321 million pesos in Q4 2025, an increase of 1.8% compared to the same period last year.

Regarding  operating profit , Coca-Cola FEMSA showed good performance during the period, reaching 13,702 million pesos, which represented an increase of 13.3 percent.

In Q4 2025, its operating cash flow was 18,169 million pesos, a 12.8% increase compared to the same period in 2024.

The bottler reported a 1.3% increase in volume to 1.093 billion unit cases , “driven mainly by growth in most of our operations which was partially offset by a slight drop in volume from Mexico.”

“Through decisive actions to address short-term challenges, particularly in Mexico, and strong execution in South America, we achieved sequential volume improvement throughout the year. We finished the fourth quarter positively, with consolidated volumes growing and achieving the highest volume December in the company’s history for our four largest operations,” emphasized Ian Craig, CEO of Coca-Cola FEMSA

Cumulative 2025 and performance in Latin America

Regarding the  consolidated results for the entire year 2025 , the company noted that its volume decreased by 1.8% to 4,150.4 million unit cases compared to 2024.

Revenue increased 4.3% to 291,746 million pesos, while gross profit increased 3.4% to 133,176 million pesos compared to 2024. Meanwhile, operating profit also grew in 2025, reaching 42,937 million pesos, a 7% increase compared to 2024. EBITDA was 59,110 million pesos, a 5.2% increase over 2024.

Regarding the results of its  Mexico and Central America division (Mexico, Guatemala, Costa Rica, Panama and Nicaragua) , Coca-Cola FEMSA specified that during Q4 2025 its revenues increased 1.6% year-on-year, while its gross profit registered an increase of 2.6% compared to the same period in 2024.

In its  South American division (Brazil, Argentina, Colombia and Uruguay) , the company pointed out that its revenues increased by 4.6%, and its gross profit grew by 0.6% in the cycle.

“Looking ahead to 2026, we are well-prepared to both address the impact of the increased  Special  Tax on  Production  and  Services (IEPS) in Mexico and accelerate growth in South America, leveraging our revenue management initiatives, increased brand presence due to the FIFA World Cup , and the continued rollout of our innovative digital capabilities. By combining these initiatives with an agile and efficient operating model, we are well-positioned to continue delivering long-term, sustainable growth,” emphasized Ian Craig.

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