KOF Q2 2025 Earnings Report — Coca-Cola FEMSA, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Coca-Cola FEMSA, S.A.B. de C.V.KOF

Q2 2025 Earnings

Reported July 23, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2025	Q1 2025	Q2 2024	QoQ Change	YoY Change
Revenue	$4.2B	$4.0B	$4.0B	3.9%	5.0%
Op. Income	$562M	$532M	$560M	5.6%	0.2%
Gross Margin	45.3%	45.4%	46.0%	-0.1pp	-0.7pp
Net Margin	7.3%	7.3%	8.1%	-0.0pp	-0.8pp
EPS (Diluted)	$1.45	$1.41	$1.54	3.3%	-5.2%
Free Cash Flow	$146M	-$103M	$321M	242.3%	-54.6%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$228M
SG&A Expenses	$1.4B
Other Expenses	-$23M
Operating Expenses	$1.3B
Cost & Expenses	$3.6B
OPERATING INCOME	$562M
Interest Income	$36M
Interest Expense	$121M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$491M
Income Tax Expense	$174M
Net Income from Continuing Ops	$316M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$305M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$305M
D&A	$0
EBIT	$611M
EBITDA	$611M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$228M
SG&A Expenses	$1.4B
Other Expenses	-$23M
Operating Expenses	$1.3B
Cost & Expenses	$3.6B
OPERATING INCOME	$562M
Interest Income	$36M
Interest Expense	$121M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$491M
Income Tax Expense	$174M
Net Income from Continuing Ops	$316M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$305M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$305M
D&A	$0
EBIT	$611M
EBITDA	$611M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$272M
Depreciation & Amortization	$186M
Stock-Based Compensation	$0
Deferred Income Tax	$20M
Other Non-Cash Items	-$540.0K
Change in Working Capital	-$125M
OPERATING CASH FLOW	$352M
Capital Expenditure	-$206M
Acquisitions (Net)	$4M
Purchases of Investments	-$18M
Sales/Maturities of Investments	$0
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$251M
Net Debt Issuance	$531M
Common Stock Repurchased	$0
Common Dividends Paid	-$201M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	$315M
FREE CASH FLOW	$146M
Net Change in Cash	$477M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$917M
Inventory	$862M
Other Current Assets	$602M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$6.1B
Goodwill	$1.3B
Intangible Assets	$4.6B
Long-Term Investments	$617M
Tax Assets	$0
Other Non-Current Assets	$929M
TOTAL NON-CURRENT ASSETS	$13.5B
TOTAL ASSETS	$18.0B
Account Payables	$1.7B
Short-Term Debt	$216M
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$4.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$9.7B
Common Stock	$53M
Additional Paid-In Capital	$2.7B
Retained Earnings	$5.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$723M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.8B
Minority Interest	$449M
TOTAL EQUITY	$8.3B
TOTAL LIABILITIES & EQUITY	$18.0B
Total Debt	$4.9B
Net Debt	$2.7B