| Revenues |
Revenues 28.1 Nature of goods sold and services The information sets below described the core activities of the business units from which the Company generates its revenues. According to the revenue standard, the performance obligation for the Company’s business units is satisfied at a point when the control of goods and services is transferred to the customers. For detailed information about business segments, see Note 27. | | | | | | | | | | Segment | Product or Service | Nature, timing to fulfill the performance obligation and significant payment terms | | Coca-Cola FEMSA | Beverages sales | Includes the delivery of beverages to customers and wholesalers. The transaction prices are assigned to each product on sale based on its own sale price separately, net of promotions and discounts. The performance obligation is satisfied at the point in time the product on sale is delivered to the customer. | | Services revenues | Includes the rendering of manufacturing services, logistic and administrative services. The transaction prices are assigned to each product on sale based on its own sale price if sold separately. The performance obligation is satisfied at the point in time the service is delivered to the customer. | Proximity Americas Division | Products sales | Operates the largest chain of small-format stores in Mexico and Latin America including as some of its principal products as beers, cigarettes, sodas, other beverages and snacks. The performance obligation is satisfied at the time of the sale or at the moment the control of the product is transferred and the payment is made by the customer. | | Commercial revenues | Includes mainly the commercialization of spaces into within stores, and revenues related to promotions and financial services. The performance obligation is satisfied at the point in time the service is rendered to the customer. | Proximity Europe Division | Products sales | Operates a chain of small-box retail and foodvenience in Switzerland, Germany, Austria, Luxembourg and the Netherlands including as some of its principal products as tobacco, lottery products, snacks, press, food, fresh products, pretzels and drinks. The performance obligation is satisfied at the time of the sale or at the moment the control of the product is transferred and the payment is made by the customer. | | Services revenues | Includes mainly the revenues related to financial services. The performance obligation is satisfied at the point in time the service is rendered to the customer. | Health Division | Product sales | The core products include patent and generic formulas of medicines, beauty products, medical supplements, housing and personnel care products. The performance obligation is satisfied at the point in time of the sale or at the moment the control of the product is transferred to the customer. | | Services revenues | Rendering of services adding value as financial institutions, medical consultation and some financial services. The performance obligation is satisfied at the point in time of the rendering or the control is transferred to the customer. | Fuel Division | Product sales | The core products are sold in the retail service stations as fuels, diesel, motor oils and other car care products. The performance obligation is satisfied at the point in time on sale and/or the control is transferred to the customer. | | Others | Product sales | The products include offering national and private label products from the proximity discount grocery business; as well as products from the digital and financial ecosystem (digital wallet). The revenue recognition is performed at the time in which the product is delivered to the costumer since the performance obligation is satisfied at that point in time. |
28.2 Disaggregation of revenue The information sets below describe the disaggregation of revenue from external customers by geographic area, business unit and products and services categories in which the Company operates. The timing in which the revenues are recognized by the business units in the Company, is mainly at the point in the time in which control of goods is transferred, or over time when the services are rendered, in its entirety to the customer. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Coca-Cola FEMSA | Proximity Americas Division | Proximity Europe Division | Health Division | Fuel Division | Other | | Total | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | 2025 | 2024(4) | 2023 | | 2025 | 2024 | 2023 | | 2025 | 2024(5) | 2023 | | 2025 | 2024 | 2023 | | By geographic areas: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mexico and Central America (1) | Ps. | 169,641 | | Ps. | 166,996 | | Ps. | 149,362 | | | Ps. | 303,687 | | Ps. | 294,341 | | Ps. | 272,456 | | | Ps. | — | | Ps. | — | | Ps. | — | | | Ps. | 9,768 | | Ps. | 12,441 | | Ps. | 11,922 | | | Ps. | 67,195 | | Ps. | 65,365 | | Ps. | 58,499 | | | Ps. | 24,733 | | Ps. | 20,209 | | Ps. | 29,652 | | | Ps. | 575,024 | | Ps. | 559,352 | | Ps. | 521,891 | | United States (2) | | — | | | — | | | — | | | | 13,699 | | | 3,729 | | | 15 | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | 13,699 | | | 3,729 | | | 15 | | South America (3) | | 122,105 | | | 112,797 | | | 95,726 | | | | 11,453 | | | 9,127 | | | 6,049 | | | | — | | | — | | | — | | | | 78,361 | | | 67,314 | | | 63,436 | | | | — | | | — | | | — | | | | 4,395 | | | — | | | — | | | | 216,314 | | | 189,238 | | | 165,211 | | | Europe | | — | | | — | | | — | | | | — | | | — | | | — | | | | 57,028 | | | 49,755 | | | 43,552 | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | 57,028 | | | 49,755 | | | 43,552 | | | Total revenues | | 291,746 | | | 279,793 | | | 245,088 | | | | 328,839 | | | 307,197 | | | 278,520 | | | | 57,028 | | | 49,755 | | | 43,552 | | | | 88,129 | | | 79,755 | | | 75,358 | | | | 67,195 | | | 65,365 | | | 58,499 | | | | 29,128 | | | 20,209 | | | 29,652 | | | | 862,065 | | | 802,074 | | | 730,669 | | | Consolidation adjustments | | 10,466 | | | 10,193 | | | 8,448 | | | | 3,390 | | | 3,430 | | | 1,735 | | | | — | | | — | | | — | | | | — | | | — | | | 3 | | | | 47 | | | 176 | | | 349 | | | | 7,208 | | | 6,690 | | | 17,442 | | | | 21,111 | | | 20,489 | | | 27,977 | | | Consolidated revenues | | 281,280 | | | 269,600 | | | 236,640 | | | | 325,449 | | | 303,767 | | | 276,785 | | | | 57,028 | | | 49,755 | | | 43,552 | | | | 88,129 | | | 79,755 | | | 75,355 | | | | 67,148 | | | 65,189 | | | 58,150 | | | | 21,920 | | | 13,519 | | | 12,210 | | | | 840,954 | | | 781,585 | | | 702,692 | | | By products and/or services | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Products sold at a point-in time | Ps. | 291,746 | | Ps. | 279,793 | | Ps. | 245,088 | | | Ps. | 328,839 | | Ps. | 307,197 | | Ps. | 278,520 | | | Ps. | 57,028 | | Ps. | 49,755 | | Ps. | 43,552 | | | Ps. | 88,129 | | Ps. | 79,755 | | Ps. | 75,358 | | | Ps. | 60,704 | | Ps. | 64,975 | | Ps. | 57,616 | | | Ps. | 29,128 | | Ps. | 20,209 | | Ps. | 29,652 | | | Ps. | 855,574 | | Ps. | 801,684 | | Ps. | 729,786 | | | Services revenues over time | | — | | | — | | | — | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | — | | | — | | | — | | | | 6,491 | | | 390 | | | 883 | | | | — | | | — | | | — | | | | 6,491 | | | 390 | | | 883 | | | Consolidation adjustments | | 10,466 | | | 10,193 | | | 8,448 | | | | 3,390 | | | 3,430 | | | 1,735 | | | | — | | | — | | | — | | | | — | | | — | | | 3 | | | | 47 | | | 176 | | | 349 | | | | 7,208 | | | 6,690 | | | 17,442 | | | | 21,111 | | | 20,489 | | | 27,977 | | | Consolidated revenues | | 281,280 | | | 269,600 | | | 236,640 | | | | 325,449 | | | 303,767 | | | 276,785 | | | | 57,028 | | | 49,755 | | | 43,552 | | | | 88,129 | | | 79,755 | | | 75,355 | | | | 67,148 | | | 65,189 | | | 58,150 | | | | 21,920 | | | 13,519 | | | 12,210 | | | | 840,954 | | | 781,585 | | | 702,692 | |
(1)Central America includes Guatemala, Nicaragua, Costa Rica and Panama. Domestic (Mexico only) revenues were Ps.541,577, Ps. $503,207 and Ps. $456,709 during the years ended December 31, 2025, 2024 and 2023, respectively.
(2)In 2023 the Company finalized the merger of Envoy Solutions, LLC into Brady Plus, keeping an economic interest of 37% in IFS TopCo. The revenues from this business unit were reclassified to discontinued operations for the years ended December 31, 2025, 2024 and 2023.
(3)South America includes Brazil, Argentina, Perú, Colombia, Chile, Uruguay and Ecuador. South America revenues include Brazilian revenues of Ps. 92,515, Ps. $81,857 and Ps. $53,573 during the years ended December 31, 2025, 2024 and 2023, respectively. South America revenues include Colombia’s revenues of Ps. 62,003, Ps. $54,776 and Ps. $57,432 during the years ended December 31, 2025, 2024 and 2023, respectively. South America revenues include Argentina’s revenues of Ps. 11,010, Ps. $10,990 and Ps. $6,673 during the years ended December 31, 2025, 2024 and 2023, respectively. South America revenues include Chile’s revenues of Ps. 37,038, Ps. $34,259 and Ps. $35,437 during the years ended December 31, 2025, 2024 and 2023, respectively. South America revenues include Uruguay’s revenues of Ps. 1,040, Ps. $5,818 and Ps. $4,415 during the years ended December 31, 2025, 2024 and 2023, respectively. South America revenues include Ecuador’s revenue of Ps. 10,871, Ps. $9,454 and Ps. $8,986 during the years ended in December 31, 2025, 2024 and 2023, respectively. South America revenues includes Peru's revenues of Ps. 1,837, Ps. 1,174, and Ps. 679, for the years ended December 31, 2025, 2024, and 2023. (4)In 2024 the Company reclassified Ecuador revenues from Central America to South America for an amount of Ps.8,986 for the year ended in December 31, 2023. (5)In 2024 the Company reclassified revenues from corporate services in the Holding company for an amount of Ps. 27,223 for the year ended in December 31, 2023. 28.3 Contract balances As of December 31, 2025 and 2024, no significant cost was incurred to obtain or perform on a contract that might be capitalized as contract assets. No significant contacts have been entered into for which the Company has not performed all the obligations as well as additional costs associate with them. 28.4 Transaction price assigned to remaining performance obligations There were not other performance obligations identified in customer contracts from the ones included in the transaction price. The Company considers highly probable the variable considerations identified per each business unit; therefore it is not expected that a significant reversion of the revenue amount could occurs.
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