Quarterly ResultApr 30, 2026, 09:19 AM
FMX 1Q26 Revenue +6.1%, Income from Operations +5.5%; Net Income +97.3%
AI Summary
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) reported a 6.1% increase in total consolidated revenues and a 5.5% rise in income from operations for the first quarter of 2026. Consolidated net income jumped 97.3% to Ps. 17,639 million, significantly boosted by a one-time gain from the BradyPLUS and Imperial Dade merger. The company also announced strong growth in its OXXO Mexico and Americas & Mobility segments, alongside robust user expansion for its Spin digital platforms. However, the Health division saw a decline in income from operations, and its Cruz Verde Colombia unit will not renew a key medication dispensing agreement.
Key Highlights
- FEMSA's 1Q26 Total Consolidated Revenues grew 6.1% to Ps. 207,784 million.
- Income from Operations increased 5.5% to Ps. 14,314 million.
- Consolidated Net Income rose 97.3% to Ps. 17,639 million, driven by a one-time merger gain.
- OXXO Mexico's Income from Operations surged 20.9% with 6.0% same-store sales growth.
- Americas & Mobility's Income from Operations increased 34.0% on 12.9% revenue growth.
- Spin by OXXO active users grew 22.3% to 11.0 million; Spin Premia active users grew 12.8% to 28.4 million.
- Declared ordinary and extraordinary cash dividends totaling Ps. 12.8117 per BD Unit.
- Cruz Verde Colombia will not renew its medication dispensing agreement with EPS Sanitas, effective September 30, 2026.