Exhibit 99.1

3Q 2025

Results

October 28, 2025

Investor Contact

(52) 818-328-6167

investor@femsa.com.mx

femsa.gcs-web.com

Media Contact

(52) 555-249-6843

comunicacion@femsa.com.mx

femsa.com

HIGHLIGHTS

Monterrey, Mexico, October 28, 2025 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2025.

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

1 FEMSA Retail: Proximity Americas & Europe, Fuel and FEMSA Health.

Financial Summary for the Third Quarter 2025

Change vs. comparable period

José Antonio Fernandez Carbajal, FEMSA’s Chief Executive Officer, commented:

“During the third quarter, our results showed a modest sequential improvement in Mexico, a welcome change of trend relative to the first half of the year despite still facing a challenging environment in our key market, including soft consumption dynamics.

We are particularly encouraged by the efficacy of the broad range of tactical initiatives our teams deployed in recent months, which contributed to the improved results at OXXO and Coca-Cola FEMSA. We are also encouraged by the resilience and strength of our geographically diversified platform, as other markets, particularly in South America, and Europe helped mitigate the softer trends in Mexico.

As we enter the final stretch of 2025, we are cautiously optimistic that our results will continue to improve across our business units in the fourth quarter, and we are also getting ready for what should be an exciting 2026, including a FIFA World Cup that will be partly played in Mexico for the third time, as well as the 100th anniversary of Coca-Cola in Mexico. Our teams are already hard at work getting ready for next year.

I have been nearly 40 years with FEMSA. Looking ahead, I am highly confident that our Company and our business units are as well positioned as ever for long-term growth and value creation. I want to take this opportunity, as I step back from the CEO role, to thank once again every one of my colleagues, undoubtedly the best team in the business, who have helped build our Company into the success it is today.”

QUARTERLY RESULTS

Results are compared to the same period of previous year

FEMSA CONSOLIDATED  

3Q25 Financial Summary

Amounts expressed in millions of Mexican Pesos (Ps.)

Net Debt2 ex-KOF3

Amounts expressed in millions of Mexican Pesos (Ps.)

1 Active User for Spin by OXXO: Any user with a balance or that has transacted within the last 56 days.

   Active User for Spin Premia: User that has transacted at least once with OXXO Premia within the last 90 days.

2 Tender: OXXO MXN sales with Spin Premia redemption or accrual / Total OXXO MXN Sales, during the period.

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

Total revenues increased 9.1% in 3Q25 compared to 3Q24, driven by growth across all our business units, and reflecting the benefit from favorable exchange rate effects, particularly from Europe, due to the depreciation of the Mexican peso against many of our foreign operating currencies, as well as the reconsolidation of our LTL business which remained from the divestment of Solistica. After accounting for currency effects and M&A, revenues grew 4.9%.

Gross profit increased 8.0%. Gross margin decreased 40 basis points, reflecting margin contractions in Coca-Cola FEMSA and Fuel, and the consolidation of our lower margin US operation within Proximity Americas, partially offset by a margin expansion in Proximity Mexico, coupled with stable margins at Health and Proximity Europe. After accounting for currency effects and M&A, gross profit increased 7.7%.

Income from operations increased 4.3%, driven by growth across our business units except Health and Fuel, coupled with favorable exchange rate effects, particularly from Europe. The consolidated operating margin was 8.4% as a percentage of total sales, representing a contraction of 40 basis points, reflecting margin contractions in Health and our Fuel division and the consolidation of the USA Proximity business. This was partially offset by margin expansion in OXXO Latam, Coca-Cola FEMSA and Proximity Europe, coupled with a flat margin in OXXO Mexico. After accounting for currency effects and M&A, income from operations increased 6.5%.

The effective income tax rate was 29.3% in 3Q25. Our income tax provision was Ps. 3,785 million in 3Q25, a sequential improvement compared to the second quarter in which the impacts from certain non-deductible losses and expenses, and the reversal of previously accrued deferred tax assets, weighed more heavily given a lower pre-tax profit.

Net consolidated income was Ps. 5,838 million, compared to Ps. 9,243 million in 3Q24, reflecting: i) a non-cash foreign exchange loss of Ps. 1,261 million, compared to a gain of Ps. 4,254 million in 3Q24, related to our U.S. dollar-denominated cash position negatively impacted by the appreciation of the Mexican peso during the quarter, and reflecting a Ps. 5,515 million swing from gain to loss driven by the depreciation of the Mexican peso during the 3Q24; ii) higher interest expense of Ps. 5,470 million compared to Ps. 4,818 million in 3Q24 due to an increase in Coca-Cola FEMSA’s debt and lease related financial expenses driven by the growth of our retail network; iii) lower interest income of Ps. 1,907 million compared to Ps. 2,612 million in 3Q24, impacted by lower interest rates coupled with lower cash balances; and iv) lower tax provisions, as explained above.

Net majority income was Ps. 0.70 per FEMSA Unit35 and US$0.38 per FEMSA ADS4.

Net Debt / EBITDA. On an ex-KOF3 basis, as of September 30, 2025, cash and investments were Ps. 114,046 million and total debt was Ps. 177,003 million, resulting in net debt of Ps. 62,957 million. Our Net Debt / EBITDA ratio ex-KOF was 0.91x up from 0.68x in 3Q24. This increase reflects mainly the cash outflow related to our capital allocation strategy, which has resulted in Ps. 35,826 million of ordinary and extraordinary dividends, as well as Ps. 7,259 million of share repurchases during the last twelve months.

Capital expenditures amounted to Ps. 13,128 million, 6.1% as a percentage of total sales, and an increase of 8.2% compared to 3Q24, reflecting higher CAPEX at Coca-Cola FEMSA, mainly deployed to increase our production and distribution capacity. This was offset by lower CAPEX at all our other businesses, mainly reflecting lower investments given the pause in the expansion strategy in OXXO Chile and Peru, as well as in Health Mexico. Proximity Americas had slightly lower CAPEX in Mexico as our efforts remain in more targeted new store openings, including less CAPEX-intensive OXXO Nicho Stores, and the remodeling and optimization of existing stores going forward.

PROXIMITY AMERICAS OXXO (Mexico, USA & Latam1)

3Q25 Financial Summary – Proximity Americas

Amounts expressed in millions of Mexican Pesos (Ps.)

1 Adjusted EBITDA: Operating Income + Depreciation + Amortizations + other non-cash charges.

Adjusted EBITDA ex-KOF: FEMSA Consolidated Adjusted EBITDA as described above – Coca-Cola FEMSA’s Consolidated Adjusted EBITDA + Dividends received by FEMSA from Coca-Cola FEMSA and other investments.

2 All Net Debt calculations are shown on an Ex-KOF basis. For a detailed reconciliation of this metric please see table on page 16 of this document.

3 ex-KOF: FEMSA Consolidated reported information – Coca-Cola FEMSA Consolidated reported information.

4 The exchange rate published by the Federal Reserve Bank of New York for September 30, 2025 was 18.3442 MXN per USD.

5 FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of September 30, 2025 was 3,469,469,527, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

1 OXXO Latam: OXXO Colombia, Chile and Peru.

2 Same-store Sales including OXXO Mexico and Latam, this does not include our USA operations. Comparable Same-store Sales shown in a local currency weighted average.

Total revenues increased 9.2% in 3Q25 compared to 3Q24 reflecting a 1.7% increase in same-store sales, coupled with a 5.7% store expansion, the consolidation of the US operation into the results, as well as currency tailwinds relative to the US and some South American currencies. The growth in same-store sales was driven by an increase of 4.9% in average ticket, and a decrease of 3.1% in store traffic. On a comparable basis, total revenues increased 4.8%. The challenging environment in Mexico continued, due primarily to a soft consumer environment. However, this sequential improvement reflects our ongoing effort to adjust OXXO Mexico’s value proposition to increase its competitiveness in several key consumer occasions like Thirst, Gathering and Impulse. During the quarter, the OXXO store base in Mexico, USA and Latam expanded by 198 stores. This division had 1,370 total net store additions for the last twelve months, which includes 242 stores from our acquisition of Delek’s retail operations in the USA. As of September 30, 2025, Proximity Americas had a total of 25,378 stores. OXXO Latam delivered notable results with same-store sales growth in the mid-teens on a currency neutral basis. Of particular note, is the performance of OXXO Colombia which continues to deliver impressive growth, underlying the long-term potential of this opportunity.

Gross profit reached 45.0% of total revenues, reflecting a 80-basis point expansion driven by continued growth in commercial income and financial services at OXXO Mexico, partially offset by the US operation, which carries a lower margin structure due in part to gasoline, which has a lower but expanding margin. It is worth highlighting that this gross profit margin was achieved despite affordability initiatives executed at OXXO Mexico during the quarter.

Income from operations increased by 7.1% compared to 3Q24 and represented 8.8% of total revenues, which is a 20-basis point contraction. This margin contraction is mainly explained by an increase in selling expenses at a higher rate than revenues. A portion of the selling expense increase reflects the increase in minimum wages in Mexico, offset by cost containment initiatives including variable shift policies which reduced the amount of employees needed per OXXO stores in Mexico, among other expense efficiency initiatives. The rest of the selling expense increase reflects the expansion of OXXO LATAM and the incorporation of Delek.

PROXIMITY AMERICAS Other formats

Bara1

Total revenues increased by 31.5% in 3Q25 compared to 3Q24, reflecting an average same-store sales increase of 10.8%, with a strong performance in the grocery, dairy and frozen food categories, and the addition of 157 net new Bara stores during the last twelve months. During the quarter, the Bara store base expanded by 40 units reaching a total of 573 Bara stores as of September 30, 2025.

Grupo Nós2

Total revenues of OXXO Brazil in 3Q25 grew 37.1%3 year-over-year. This figure reflects the successful evolution and expansion of the OXXO value proposition in the country, which resulted in same-store sales growth of 22.0%3, as well as the addition of 45 net new OXXO stores for the last twelve months. During the quarter, the store base expanded by 6 units. As of September 30, 2025, Grupo Nós had a total of 609 OXXO stores.

1 Bara store count and results are not consolidated within the Proximity Americas reported figures.

2 OXXO’s non-consolidated joint-venture with Raízen in Brazil.

3 In local currency, BRL

3Q25 Financial Summary – Proximity Europe

Amounts expressed in millions of Mexican Pesos (Ps.)

Total revenues increased 10.1% in 3Q25 compared to 3Q24, reflecting a favorable effect from the appreciation of the Euro and the Swiss Franc against the Mexican peso. Excluding currency effects, total revenues grew 3.3%, reflecting higher sales from our Swiss retail operations, coupled with positive trends in Swiss B2C foodservice. This was partially offset by lower sales in B2B foodservice.

Gross profit reached 41.8% of total revenues, reflecting a stable margin, explained by the impact of changes to the operating model within our retail operations, higher promotional income, and offset by the underperformance of the higher margin B2B foodservice sales, and to a lesser extent, higher tobacco sales. Gross profit grew 10.1% compared to 3Q24 but grew 3.4% on a currency-neutral basis.

Income from operations increased 29.1% versus the 3Q24 and represented 4.8% of total revenues, a 70 basis-point increase year-on-year, reflecting a strong growth in retail sales in Switzerland, contribution from B2C Swiss foodservice, coupled with effective cost management. On a comparable basis, income from operations increased 20.7%. Although operating expenses rose by 8.0% to Ps. 5,497 million and were nearly flat on a currency-neutral basis. Expense growth slowed down relative to sales, reflecting the effect of disciplined cost management initiatives and operational efficiencies.

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

HEALTH

3Q25 Financial Summary - Health

Amounts expressed in millions of Mexican Pesos (Ps.) except same-store sales

Total revenues increased 2.9% in 3Q25 compared to 3Q24, partially offset by the depreciation of some currencies against the Mexican peso, but they grew 4.5% on a currency-neutral basis, reflecting a positive performance in Colombia, Ecuador and Chile, offsetting the negative results in Mexico which reflect the closing of 423 stores for the last twelve months. During the quarter, the net store base increased by 70 units, reaching a total of 4,391 locations across our territories as of September 30, 2025. During the last twelve months, there were 145 net closings. Same-store sales increased by an average of 0.8% in Mexican pesos and 4.1% on a currency-neutral basis despite the negative performance of the stores in Mexico, reflecting the strong results of Colombia and Chile.

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

Gross profit was 30.1% of total revenues, representing a flat margin year on year, reflecting higher retail sales in Colombia, partially offset by lower sales in Mexico, which included the closure of stores.

Income from operations represented 4.0% of total revenues, a contraction of 30 basis points from 4.3%, resulting in a decrease of 4.0% relative to the comparable period, reflecting the effects of operating deleverage in Mexico and an increase in labor expenses in our operations in South America and expansion-related expenses in Colombia. On a comparable basis, however, income from operations declined 1.3%.

FUEL

3Q25 Financial Summary – Fuel

Amounts expressed in millions of Mexican Pesos (Ps.) except same-station sales

Total revenues increased 5.0% in 3Q25 compared to 3Q24, reflecting a 8.3% average same-station sales increase, driven by 9.6% growth in average volume and 1.2% decrease in the average price per liter, partially offset by a decline in volume of our wholesale business. The OXXO Gas retail network had 558 points of sale as of September 30, 2025.

Gross profit was 11.8% of total revenues, representing a 60-basis point year-on-year contraction, driven by an increase in cost of sales above our topline, related to a softening of per unit margins.

Income from operations represented 4.6% of total revenues and a 0.8% decrease, almost flat compared to 3Q24. Operating expenses increased 0.6% to Ps. 1,288 million, mainly reflecting ongoing efforts to drive efficiencies, and operate with a leaner organization to face the voluntary industry-wide price commitments.

FEMSA Retail Operations Summary                  

Total Revenue Growth (% vs year ago)

Total Unit Growth (% vs year ago)

Same-Store Sales Growth

SPIN1

Spin by OXXO

Spin by OXXO acquired 0.8 million users during the quarter to reach 15.3 million total acquired users in 3Q25, compared to 12.5 million users in 3Q24. This represents an increase of 22.3% YoY and a 1.7% compound monthly growth rate. Active users represented 64.8% of the total acquired user base representing 20.5% growth YoY and reaching 9.9 million. Total transactions per month increased 38.7% during the quarter to reach an average of 84.1 million per month in 3Q25, reflecting an increase in user engagement.

Spin Premia

Spin Premia acquired 2.6 million users during the quarter to reach 60.9 million total acquired users in 3Q25, compared to 50.1 million users in 3Q24. This represents an increase of 21.6% YoY and a 1.6% compound monthly growth rate. Active users represented 45.5% of the total acquired user base representing 16.4% growth YoY and reaching 27.7 million. The average tender during the quarter was 48.2%.

COCA-COLA FEMSA

Coca-Cola FEMSA’s financial results and discussion thereof are incorporated by reference from Coca-Cola FEMSA’s press release, which is attached to this press release or may be accessed by visiting coca-colafemsa.com.

1 Digital@FEMSA’s results are included within the Other business segment 

RESULTS FOR THE FIRST NINE MONTHS OF 2025

Results are compared to the same period of previous year

Financial Summary for the First Nine Months

Amounts expressed in millions of Mexican Pesos (Ps.)

Total revenues increased 8.4%, reflecting growth across all our business units, currency tailwinds, and the consolidation of the results of our US operations.

Gross profit rose by 8.6%. Gross margin remained stable at 40.3% of total revenues, reflecting a gross margin increase at Proximity Americas, partially offset by declines in Europe and nearly flat margin at Coca Cola FEMSA and the Health and Fuel Divisions.

Income from operations increased 3.0%. Our consolidated operating margin decreased 40 basis points to 8.0% of total revenues, reflecting a margin contraction at the Proximity Americas Division, nearly flat margins at Proximity Europe, Coca-Cola FEMSA, Health, and Fuel.

Our effective income tax rate was 36.7% for the first nine months of 2025, compared to 31.7% in 2024. Our income tax provision was Ps. 12,855 million for the first nine months of 2025, reflecting: i) non-deductible tax losses from Spin and non-deductible labor related expenses in Mexico, both of which weighed more heavily given the lower pre-tax profits caused by FX losses relating to our US dollar cash balances, ii) a one-time non-recurrent payment related to a contingency from 2018; and iii) higher than usual reversal of deferred tax assets given the lower likelihood of using such assets in the future. As we have expanded our labor force in Mexico retail and beverages, labor has increased faster than revenues, thus increasing the relative weight of the non-deductible portion as a percentage of total expenses.

Net consolidated income was Ps. 20,359 million reflecting a decline of 33.7% compared to 2024 explained by a higher base from the first nine months of 2024, which reflected: i) a non-cash foreign exchange gain of Ps. 9,258 million compared to a loss in 2025 of Ps. 4,917 million, related to FEMSA’s U.S. dollar-denominated cash position negatively impacted by the appreciation of the Mexican peso, ii) a higher net interest expense of Ps. 9,822 million, compared to Ps. 5,656 million in 2024 due to lower interest income, and iii) an increase in income taxes as explained above. This was partially offset by a higher other financial income of Ps. 1,856 million compared to a Ps. 808 million expense in 2024, reflecting a financial instrument gain of Ps. 1,583 million which included a remaining position of Heineken in the first nine months of last year, and a lower loss in net income from discontinued operations of Ps. 813 million compared to Ps. 3,227 million in 2024, which included our Solistica business (and related impairments) most of which was divested.

Net majority income per FEMSA Unit2 was Ps. 3.15 (US$1.72 per ADS).

Capital expenditures amounted to Ps. 31,115 million, an increase of 2.4% compared to 2024, reflecting higher investments at Coca-Cola FEMSA to expand production and distribution capacity offset by a reduction in the remainder of our divisions.

(A) Please refer to page 13 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance

1 Adjusted EBITDA: Operating Income + Depreciation + Amortizations.

2 FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of September 30, 2025 was 3,469,469,527, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

RECENT DEVELOPMENTS

FEMSA supported the transaction, which we expect will expand the combined company’s geographic reach, enhance its ability to serve its customers, and generate synergies. FEMSA will remain invested in the combined company with approximately 19% and will have representation on its board. The transaction is subject to customary regulatory approvals.

CONFERENCE CALL INFORMATION

Our Third quarter 2025 Conference Call will be held on: Tuesday, October 28, 2025, 10:30 AM Eastern Time (8:30 AM Mexico City Time). The conference call will be webcast live through streaming audio.

If you are unable to participate live, the conference call audio will be available on https://femsa.gcs-web.com/financial-reports/quarterly-results

ABOUT FEMSA

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.

FORWARD-LOOKING STATEMENTS

This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

Our consolidated financial statements as of and for the year ended December 31, 2025, are not yet available, and the independent audit of those financial statements is ongoing and has not yet been completed. The unaudited preliminary financial information as of and for the year ended December 31, 2025, presented herein, is preliminary and subject to change as we complete our financial closing procedures and prepare our consolidated financial statements, and as our independent registered public accounting firm completes its audit of such consolidated financial statements. As of the date of this release, our independent registered public accounting firm has not expressed an opinion or any other form of assurance on any financial information as of or for the year ended December 31, 2025, or on our internal control over financial reporting as of December 31, 2025. Our audited consolidated financial statements may differ materially from this preliminary information and will also include notes providing additional disclosures.

COMPARABILITY

Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding the effects of: (i) mergers, acquisitions, and divestitures; and (ii) translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

Ten pages of tables to follow

FEMSA – Consolidated Income Statement

Amounts expressed in millions of Mexican Pesos (Ps.)

(1) Other operating expenses (income), net = other operating expenses (income) +(-) equity method from operated associates.

(2) Income from operations = gross profit – administrative and selling expenses – other operating expenses (income), net.

(3) Mainly represents the results of our joint-venture with Raízen, Grupo Nós, net of taxes.

FEMSA – Consolidated Balance Sheet

Amounts expressed in millions of Mexican Pesos (Ps.)

(1) Includes mainly the intangible assets generated by acquisitions.

(2) Includes the effect of derivative financial instruments on long-term debt.

Net Debt & Adjusted EBITDA ex-KOF                    

Amounts expressed in millions of US Dollars (US.)                    

Translated to USD for readers’ convenience using the exchange rate published by the Federal Reserve Bank of New York for September 30, 2025 which was 18.3442  MXN per USD.

1 Coca-Cola FEMSA adjustment represents 100% of its LTM EBITDA.

2 Includes FEMSA Other Businesses (including Bara and Digital@FEMSA), FEMSA corporate expenses and the effects of consolidation adjustments

3 Reflects cash dividends received from Coca-Cola FEMSA for approximately US$338 mm during the last twelve months.

4 Includes EUR€ 500.0 mm in notes convertible to Heineken Holding N.V. shares during the last twelve months.      

EPS with Repurchased Shares  

Amounts expressed in millions of Mexican Pesos (Ps.)

As Reported

Proforma

(1) FEMSA Units Outstanding consist of FEMSA BD Units and FEMSA B Units. The number of FEMSA Units outstanding is equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.
(2) At our Shareholders meeting held on April 11 of 2025, the cancellation of the shares acquired from the stock repurchase program during the period from November 2023 to March 2025 was approved.  The total FEMSA Units Cancelled are for the amount of 108,756,743 units. This includes 102,201,323 from November 2023 to December 2024, as well as 6.555,420 units bought during the current year from January 2025 to March 2025. 

Proximity Americas – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

(A) Organic basis (% Org.) excludes the effects of significant mergers and acquisitions in the last twelve months.

(1) This includes 249 stores from our acquisition of Delek’s retail operations, in the USA.

(2) Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included.

Proximity Europe – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

Health – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)