v3.26.1
Consolidated Statements of Cash Flows
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
 [1]
Dec. 31, 2025
MXN ($)
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
OPERATING ACTIVITIES        
Net income from discontinuing operations $ 87 $ 1,574,000,000 $ 115,000,000 $ 32,238,000,000
Income before income taxes from continuing operations 2,852 51,339,000,000 65,554,000,000 57,410,000,000
Profit (loss) before tax 2,939 52,913,000,000 65,669,000,000 89,648,000,000
Non-cash items adjustments:        
Operating non-cash expenses (income) 370 6,682,000,000 663,000,000 (1,063,000,000)
Non-cash movements in post-employment and other non-current employee benefits obligations 68 1,230,000,000 983,000,000 910,000,000
Allowance of expected credit losses 69 1,238,000,000 1,176,000,000 1,367,000,000
Depreciation 2,238 40,291,000,000 35,199,000,000 31,896,000,000
Amortization of intangible assets and other current assets 214 3,847,000,000 4,111,000,000 2,121,000,000
Gain on sale of shares of long-lived assets (21) (373,000,000) (150,000,000) (7,185,000,000)
Dividends received 0 0 0 (3,311,000,000)
Disposal of long-lived assets 62 1,108,000,000 939,000,000 466,000,000
Impairment of long-lived assets 0 0 2,801,000,000 1,248,000,000
Share of the loss (profit) of equity method accounted investees, net of income taxes 83 1,498,000,000 993,000,000 406,000,000
Interest income (426) (7,662,000,000) (11,910,000,000) (17,609,000,000)
Interest expense 1,183 21,303,000,000 20,002,000,000 14,916,000,000
Foreign exchange (gain) loss , net 319 5,747,000,000 (11,929,000,000) 9,849,000,000
(Gain) on monetary position for subsidiaries in hyperinflationary economies (21) (385,000,000) (209,000,000) (94,000,000)
Market value (gain) loss on financial instruments (96) (1,729,000,000) 2,109,000,000 440,000,000
Net cash flows from operating activities before changes in operating accounts 6,906 124,374,000,000 106,282,000,000 90,935,000,000
Trade accounts receivable and other current assets (438) (7,895,000,000) (9,761,000,000) (12,125,000,000)
Other current financial assets 7 123,000,000 45,000,000 799,000,000
Inventories (183) (3,287,000,000) (6,720,000,000) (6,442,000,000)
Trade accounts payable and other accounts (554) (9,977,000,000) 11,578,000,000 11,177,000,000
Other non-current liabilities (169) (3,042,000,000) (3,582,000,000) 659,000,000
Other current financial liabilities (40) (720,000,000) 150,000,000 3,959,000,000
Employee benefits paid (89) (1,607,000,000) (1,039,000,000) (1,070,000,000)
Cash flows from (used in) operations 5,440 97,969,000,000 96,953,000,000 87,892,000,000
Income taxes paid (1,504) (27,074,000,000) (27,785,000,000) (29,507,000,000)
Net cash generated by (used in) operating activities from discontinuing operations 10 185,000,000 2,342,000,000 (8,706,000,000)
Net cash generated by operating activities 3,946 71,080,000,000 71,510,000,000 49,679,000,000
INVESTING ACTIVITIES        
Investment in equity method accounted investees (13) (229,000,000) (750,000,000) (1,202,000,000)
Other equity investments (21) (372,000,000) 167,000,000 0
Proceeds from disposal of investment 422 7,598,000,000 0 133,222,000,000
Purchases of cash investments 0 0 (8,740,000,000) (26,725,000,000)
Proceeds from maturities of cash investments 1,014 18,255,000,000 0 0
Interest received 415 7,467,000,000 11,842,000,000 8,871,000,000
Derivative financial instruments 0 0 0 (199,000,000)
Dividends received from equity method accounted investees and other investees 1 23,000,000 19,000,000 3,449,000,000
Property, plant and equipment acquisitions (2,138) (38,502,000,000) (43,682,000,000) (34,814,000,000)
Proceeds from disposal of property, plant and equipment 39 697,000,000 872,000,000 857,000,000
Acquisition of intangible assets (197) (3,545,000,000) (3,631,000,000) (3,306,000,000)
Investment in other assets 2 33,000,000 (433,000,000) (737,000,000)
Collections of other assets 64 1,143,000,000 327,000,000 775,000,000
Other non-current assets (79) (1,418,000,000) (539,000,000) (1,550,000,000)
Net cash (used in) generated by investing activities by discontinuing operations 0 0 (6,080,000,000) 25,426,000,000
Net cash (used in) generated by investing activities (114) (2,061,000,000) (33,122,000,000) 132,292,000,000
FINANCING ACTIVITIES        
Proceeds from bank loans and notes payable 629 11,333,000,000 1,207,000,000 11,238,000,000
Payments of bank loans and notes payable (101) (1,817,000,000) (6,364,000,000) (43,421,000,000)
Interest paid (488) (8,787,000,000) (8,603,000,000) (10,587,000,000)
Derivative financial instruments (176) (3,163,000,000) (3,661,000,000) 5,882,000,000
Dividends paid (2,773) (49,925,000,000) (25,080,000,000) (18,798,000,000)
Shares repurchase (687) (12,364,000,000) (20,311,000,000) 0
Acquisition of non-controlling interest (179) (3,222,000,000) 0 0
Interest paid on leases liabilities (459) (8,270,000,000) (7,553,000,000) (6,718,000,000)
Payments of leases (877) (15,791,000,000) (12,122,000,000) (9,453,000,000)
Other financing activities 0 6,000,000 (286,000,000) 32,000,000
Net cash used in financing activities from discontinuing operations 0 0 (1,276,000,000) (20,727,000,000)
Net cash used in financing activities (5,111) (92,000,000,000) (84,049,000,000) (92,552,000,000)
(Decrease) increase in cash and cash equivalents (1,279) (22,981,000,000) (45,661,000,000) 89,419,000,000
Supplemental Cash Flow Information Abstract [Abstract]        
Increase in cash and cash equivalents from discontinuing operations 0 0 977,000,000 0
Cash and cash equivalents at the beginning of the period 7,766 139,834,000,000 165,112,000,000 83,439,000,000
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies (490) (8,873,000,000) 19,406,000,000 (7,746,000,000)
Cash and cash equivalents at the end of the period 5,997 107,980,000,000 139,834,000,000 165,112,000,000
Proximity Americas Division        
INVESTING ACTIVITIES        
Business acquisition 0 0 (7,517,000,000) (3,786,000,000)
Valora        
INVESTING ACTIVITIES        
Business acquisition 0 0 0 (424,000,000)
Imbera        
Non-cash items adjustments:        
Gains (losses) on disposals of investments 0 0 (4,165,000,000) 0
INVESTING ACTIVITIES        
Proceeds from disposal of investment 0 0 7,637,000,000 0
PTM        
Non-cash items adjustments:        
Gains (losses) on disposals of investments (96) (1,726,000,000) 0 0
INVESTING ACTIVITIES        
Proceeds from disposal of investment 153 2,747,000,000 0 0
Solistica        
Non-cash items adjustments:        
Gains (losses) on disposals of investments 8 152,000,000 0 0
INVESTING ACTIVITIES        
Proceeds from disposal of investment 224 4,042,000,000 0 0
Heineken Company        
Non-cash items adjustments:        
Gains (losses) on disposals of investments 13 240,000,000 0 (33,070,000,000)
Jetro Restaurant Depot        
INVESTING ACTIVITIES        
Proceeds from disposal of investment 0 0 17,386,000,000 7,967,000,000
Envoy and Other Acquisitions        
INVESTING ACTIVITIES        
Proceeds from disposal of investment $ 0 $ 0 $ 0 $ 24,468,000,000
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.4