America Movil 4Q Profit Jumps on Lower Financial Costs
By Anthony Harrup
MEXICO CITY--America Movil reported an almost fivefold increase in fourth-quarter net profit on higher revenue and operating gains and a drop in financial costs.
The telecommunications company posted profit of 19.13 billion Mexican pesos ($1.11 billion) for the October-Decmber period, up from MXN4.07 billion in the year-earlier quarter. Profit was equivalent to MXN0.32 a share or $0.35 an American depositary receipt.
Financial costs fell by almost half to MXN15.64 billion thanks to an exchange gain compared with an exchange loss in the year-earlier quarter.
Revenue rose 3.4% to MXN244.9 billion. In constant currency terms, revenue increased 6.2% with service revenue up 5.6% from a year earlier. The company added 2.5 mobile subscribers in the fourth quarter to end the year with 331.2 million. Subscriptions to fixed-line services increased by 522,000 to 79.4 million. Broadband subscriptions were up by 524,000, while the company added 77,000 pay TV customers and disconnected 79,000 voice lines.
Earnings before interest, taxes, depreciation and amortization--a measure of profitability--rose 4.2% MXN94.93 billion and was up 6.9% at constant exchange rates. Operating profit rose 5.9% to MXN49.13 billion.
Write to Anthony Harrup at anthony.harrup@wsj.com
Corrections & Amplifications
This article was corrected at 5:23 p.m. ET. America Movil's fourth-quarter earnings before interest, taxes, depreciation and amortization rose 4.2%, to MXN94.93 billion. The original version incorrectly said it was MXN91.93 billion.
(END) Dow Jones Newswires
February 10, 2026 17:22 ET (22:22 GMT)
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