v3.26.1
Non-Controlling Interest in Consolidated Subsidiaries
 12 Months Ended
Dec. 31, 2025
Non-Controlling Interest In Consolidated Subsidiaries [Abstract]  
Non-Controlling Interest in Consolidated Subsidiaries Non-Controlling Interest in Consolidated Subsidiaries
An analysis of FEMSA’s non-controlling interest in its consolidated subsidiaries as of December 31, 2025 and 2024 is as follows:
December 31, 2025December 31, 2024
Coca-Cola FEMSAPs.84,426Ps.82,522
Proximity Americas Division(62)1,031
Other676
 Ps.84,370Ps.83,629
The changes in the FEMSA’s non-controlling interest were as follows:
    202520242023
Balance at beginning of the period Ps.83,629 Ps.74,509 Ps.75,197 
Net income of non-controlling interest 13,622 13,501 10,988 
Other comprehensive (loss) income: (3,030)2,608 (3,465)
Exchange differences on translation of foreign operation (670)2,235 (3,325)
Remeasurements of the net defined benefits liability (226)(478)87 
Valuation of the effective portion of derivative financial instruments (2,134)851 (227)
Dividends (8,783)(6,801)(6,551)
Share based payment 46 (5)22 
Acquisition of Caffenio's non-controlling interest (952)— — 
Other acquisitions and remeasurements(162)(186)— 
Disposals of businesses (Envoy and others)— 3 (1,682)
Balance at end of the period Ps.84,370 Ps.83,629 Ps.74,509 
Non-controlling interest’s accumulated other comprehensive loss is comprised as follows:
 December 31, 2025December 31, 2024
Exchange differences on translation foreign operation Ps.(11,317)Ps.(10,647)
Remeasurements of the net defined benefits liability (1,039)(813)
Valuation of the effective portion of derivative financial instruments (1,590)544 
Accumulated other comprehensive loss Ps.(13,946)Ps.(10,916)
Coca-Cola FEMSA shareholders, especially the Coca-Cola Company which holds Series D shares, have some protective rights about investing in or disposing of significant businesses. However, these rights do not limit the continued normal operations of Coca-Cola FEMSA.
Summarized financial information in respect of Coca-Cola FEMSA is set out below:
December 31, 2025December 31, 2024
Total current assets Ps.74,570 Ps.75,132 
Total non-current assets 239,969 232,854 
Total current liabilities 66,757 67,171 
Total non-current liabilities 93,753 90,274 
Total revenue Ps.291,746 Ps.279,793 
Consolidated net income 25,016 24,549 
Consolidated comprehensive income for the year, net of tax Ps.19,348 Ps.29,706 
Net cash flows generated from operating activities 30,773 42,442 
Net cash flows used in investing activities (21,107)(23,392)
Net cash flows used in financing activities (12,148)(19,642)