Exhibit 99.1

1Q 2026 

Results

April 30, 2026

Investor Contact 

(52) 818-328-6167 

investor@femsa.com 

femsa.gcs-web.com

Media Contact 

(52) 555-249-6843 

comunicacion@femsa.com 

femsa.com

HIGHLIGHTS

Monterrey, Mexico, April 30, 2026 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the first quarter of 2026.

Reporting Segments Update: In our continuous effort to improve our disclosure, we have updated FEMSA’s reporting segment structure to better reflect the scale, stage of development, and strategic differentiation of our various operations.  This updated structure should provide investors with greater visibility into the drivers of performance across our operations. Our updated reporting segments are as follows: i) OXXO Mexico; ii) Americas & Mobility which now includes all OXXO operations outside of Mexico (Brazil, Colombia, Chile, Peru and the U.S.), as well as the fuel operations in Mexico and the U.S; iii) Europe; iv) Health; and v) Coca-Cola FEMSA.  Only segments i) and ii) changed relative to our previous reporting structure.

Financial Summary for the First Quarter 2026

Change vs. comparable period

Jose Antonio Fernández Garza-Lagüera, FEMSA’s Chief Executive Officer, commented:

“FEMSA delivered a strong set of results for the first quarter. OXXO improved its operating income by double-digits in its key markets, handily outpacing revenues and expanding margins, while Coca-Cola FEMSA demonstrated its resilience and flexibility in the face of a challenging consumer environment in the core Mexican market, partially offset by a strong performance in South America.

We should highlight the sustained recovery at OXXO Mexico, building on the positive trends we first saw during the fourth quarter of last year, and delivering high-single-digit revenue growth on the back of continued expansion and strong same-store sales despite a volatile environment. During the quarter, we also began to see the benefits from a leaner overhead structure and increased efficiency. Beyond Mexico, our Americas and Mobility operations delivered a compelling set of numbers, particularly Chile, Peru and Colombia showing double-digit growth in same-store sales and a significant narrowing of losses as we steadily improve our footprint.

For its part, Coca-Cola FEMSA gained market share in most of its markets and categories and achieved record volumes for a first quarter in several markets, including Brazil, Colombia and Guatemala.

As we look ahead towards what we expect should be a strong summer season due in part to the World Cup, we continue to like our current momentum across most of our business units, and we are optimistic as we execute against our long-term strategy in pursuit of sustainable profitable growth and despite the complex international macro environment.”

QUARTERLY RESULTS 

Results are compared to the same period of previous year

FEMSA CONSOLIDATED  

1Q26 Financial Summary 

Amounts expressed in millions of Mexican Pesos (Ps.)

Net Debt2 ex-KOF3 

Amounts expressed in millions of Mexican Pesos (Ps.)

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

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.

3 Only includes retail. Same-store Sales includes a weighted average of OXXO Americas (USA, Brazil and Latam).

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

Total revenues increased 6.1% in 1Q26 compared to 1Q25, driven by growth in our OXXO Mexico and Americas & Mobility, while our Coca-Cola FEMSA, Europe and Health remained relatively flat. Revenues reflected a net negative foreign exchange effect as the Mexican peso appreciated relative to other currencies; as a result, revenues grew 8.5% on a comparable basis.

Gross profit increased 6.6%. Gross margin increased 20 basis points, reaching 40.5%. This reflects margin expansion in OXXO Mexico, Americas & Mobility and Coca-Cola FEMSA, offset by a contraction in Europe and Health. It is important to highlight that these contractions in Europe and Health are explained by the reclassification of distribution expenses from selling expenses to cost of goods sold, which do not impact income from operations; this effect is only reflected in the 1Q26 results. On a comparable basis, the gross margin for the first quarter of 2025 would have been 39.9%, an expansion of 60 basis points.

Income from operations increased 5.5% driven by growth in OXXO Mexico, Americas & Mobility and Europe. This was partially offset by a decrease at Coca-Cola FEMSA and Health. Similarly, the consolidated operating margin stood at 6.9% remaining stable year over year, reflecting margin contraction at Coca-Cola FEMSA and Health, which was offset by margin expansion in OXXO Mexico, Europe and Americas & Mobility. On a comparable basis, income from operations increased 12.1% showing the strength of the local currency results outside of Mexico.

The effective income tax rate was 17.1% in 1Q26. This is largely explained by a one-time gain related to the BradyPLUS and Imperial Dade merger, reflecting a non-cash gain on an accounting basis, which increased profitability with no current tax effect. Excluding this impact, the effective income tax rate would be 37.9%. The gap between our effective tax rate and the statutory rate of 30% is mainly explained by non-deductible items at OXXO Mexico, specifically labor costs and expenses, and non-creditable tax loss effects, mainly from Spin. Our income tax provision for 1Q26 was Ps. 3,664 million, a decline of 23.3% relative to 1Q25.

Net consolidated income amounted to Ps. 17,639 million pesos, representing an increase of 97.3% compared to the first quarter of 2025. This increase was driven by a one-time gain related to the BradyPLUS and Imperial Dade merger. Excluding this one-time gain, our net consolidated income amounted to Ps. 5,688, representing a decline of 36.4% compared to the first quarter of 2025. This decrease was caused primarily by higher net financing expenses, mainly reflecting: i) a foreign exchange loss compared to a gain in 2025, representing a swing of Ps. 883 million; ii) an expense of Ps. 189 million related to financial instruments, compared to a gain of Ps. 1,107 million last year from the favorable valuation of the convertible bond associated with Heineken shares; and iii) lower interest income as a result of a lower cash position and lower interest rates. Additional offsets included the absence of income from discontinued operations, which contributed Ps. 2,490 million in the first quarter of last year.

Net majority income was Ps. 4.34 per FEMSA Units5, representing 167.9% growth, and US$2.41 per FEMSA ADS4.

Net Debt / EBITDA. On an ex-KOF3 basis, as of March 31, 2026, cash and investments were Ps. 73,231 million and total debt was Ps. 166,840 million, resulting in net debt of Ps. 93,609 million. Our Net Debt / EBITDA ratio ex-KOF was 1.24x up from 0.69x in 1Q25. This increase reflects mainly the cash outflow related to our capital allocation strategy, which has resulted in Ps. 47,218 million of ordinary and extraordinary dividends, as well as Ps. 16,055 million of share repurchases6 during the last twelve months.

Capital expenditures amounted to Ps. 6,195 million, 3.0% as a percentage of total sales, and a decrease of 29.5% compared to 1Q25, reflecting lower CAPEX in OXXO Mexico, Coca-Cola FEMSA and Health, and primarily driven by a cautious approach to investments across the portfolio. The lower spending in the quarter in OXXO Mexico is partially explained by a demanding comparison base in 2025 where the number of openings in 1Q25 was particularly high. This was partially offset by a higher CAPEX in Americas & Mobility that includes a reactivation of growth in the expansion plans of our stores in Latam after a pause to reset certain operational matters, coupled by the reactivation of our expansion plans in Brazil after the end of our joint venture.

OXXO MEXICO

1Q26 Financial Summary – OXXO Mexico

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 March 31, 2026 was 18.0327 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 March 31, 2026 was 3,412,732,415, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

6 Share repurchases considers the disbursed amount for the local market repurchases and the ASRs of the last twelve months, that include the first ASR of US$250 million, the second ASR of US$260 million and the third ASR of US$300, this is translated to Mexican pesos with the exchange rate for the end of the period of March 31, 2026, which was 18.0327 MXN per USD.

1 Same-store Sales OXXO Mexico.

Total revenues increased 8.3% in 1Q26 compared to 1Q25, reflecting a 6.0% increase in same-store sales, coupled with 3.8% store expansion. The growth in same-store sales was driven by an increase of 6.6% in the average ticket, and a decrease of 0.5% in store traffic. During the quarter, results were supported by (i) the continued execution of our affordability strategy, which has successfully increased competitiveness across our key categories through increased promotional activity and price-package architecture, (ii) coupled with increased pricing caused by new taxes on cigarettes, soft drinks and beer, and (iii) improved weather conditions relative to last year. These results at OXXO Mexico contrast with a soft consumer environment at a national level. During the quarter, the OXXO store base in Mexico expanded by 158 stores, and it added 888 total net stores during the last twelve months. As of March 31, 2026, OXXO Mexico had a total of 24,455 stores.

Gross profit reached 46.2% of total revenues, representing a 140-basis point expansion which reflects sustained income from key suppliers, as well as the contribution from financial services, coupled with revenue growth management initiatives which contributed to a net positive price-mix effect, led by a solid performance in certain key categories.

Income from operations increased by 20.9% compared to 1Q25 and reached 7.6% of total revenues, which represents an 80-basis point expansion. This performance was mainly explained by revenue growth and increased gross margin combined with cost containment and the operational efficiencies implemented during last year. Operating expenses increased 9.8%, slightly above revenue growth, reflecting higher labor expenses, partially offset by operating leverage, cost containment, and efficiency initiatives.

AMERICAS1 & MOBILITY2

1Q26 Financial Summary – Americas & Mobility

Amounts expressed in millions of Mexican Pesos (Ps.)

AMERICAS1

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

1 Americas: OXXO Brazil, Chile, Colombia, Peru and USA.

2 Mobility: Fuel operations in Mexico and the USA, and Mecanica Tek.

3 Same-store Sales is a weighted average of OXXO USA, Brazil and Latam.

Total revenues increased 12.9% in 1Q26 compared to 1Q25, reflecting a 7.5% increase in our Fuel sales, coupled with 36.6% increase in our Merchandise sales. The growth in our Fuel sales mainly reflects an increase in volume and traffic across our Mexican service stations, coupled with growth in the wholesale business. In the US, Fuel revenues grew supported by a more disciplined commercial strategy and pricing discipline, that more than offset softer volumes. The solid results in our Merchandise sales mainly reflect the positive performance of our OXXO stores in Latam with consistent growth in same-store sales, reflecting our initiatives to drive traffic and new revenue opportunities, complemented by operational improvements across different countries. We also benefited from the integration of OXXO Brazil, that we began consolidating on February 1st, 2026. This was partially offset by negative translation effects from all our operating currencies outside of Mexico. On a comparable basis, which excludes the addition of OXXO Brazil as well as currency fluctuations, total revenues increased a solid 10.5%. During the quarter, the store base expanded by 45 stores. Americas & Mobility had 48 total net store additions for the last twelve months and a total of 1,942 stores as of March 31, 2026. This was a result of softer expansion during the year, in which we paused expansion in different countries to redefine the value proposition that will help for more sustainable growth going forward.

Gross profit reached 17.2% of total revenues, a 170-basis point increase driven by a solid margin expansion in our Fuel operations and stable margins in Merchandise. The growth reflects a favorable sales mix, with growth at our gas stations compared to our wholesale business, resulting in higher margin contribution, coupled with expansion in most of our Merchandise operations, reflecting the benefits of scale and a more proactive commercial negotiation with suppliers.

Income from operations increased by 34.0% compared to 1Q25 and represented 1.1% of total revenues, which represents a 20-basis point expansion. This performance was mainly explained by an operating margin expansion at our fuel operations, benefited by a higher gross margin, coupled with improved operating performance across our store operations. Operating expenses increased 24.9%, above total revenues, reflecting the incorporation of Brazil and higher labor costs across our operations, coupled with increased expenses in Latam as we build capabilities to support future growth. This was partially offset by efficiency initiatives and continued improvements in our US operations.

Bara1

Bara

Total revenues increased by 31.5% in 1Q26 compared to 1Q25, reflecting an average same-store sales increase of 11.8%, with an ongoing strong performance in the grocery, homecare and convenience categories and the addition of 164 net new Bara stores during the last twelve months, a 32.2% year-over-year increase in the store base. During the quarter, the Bara store base expanded by 68 units reaching a total of 674 Bara stores as of March 31, 2026.

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

EUROPE

1Q26 Financial Summary – Europe

Amounts expressed in millions of Mexican Pesos (Ps.)

Total revenues increased 0.1% in 1Q26 compared to 1Q25. On a currency-neutral basis total revenues grew 1.5%, reflecting higher sales from our Swiss retail and consumer food service operations, which were partially offset by lower sales in B2B and soft traffic trends in our retail and consumer food service operations in Germany.

Gross profit represented 41.5% of total revenues, a 60 basis-point margin contraction, reflecting a reclassification of distribution expenses from selling expenses to cost of goods sold, which is not reflected in 1Q25. Gross profit decreased 1.3% compared to 1Q25 but was basically flat on a currency-neutral basis, reflecting the effects mentioned above. On a comparable basis excluding the effects of this reclassification, gross profit would have increased 2.4% in 1Q26, and the comparable gross profit margin would have expanded 90 basis points from a base of 40.6% in 1Q25, reflecting continued implementation of commercial income strategies and strong performance in Swiss retail and consumer food service.

Income from operations increased 7.4% versus 1Q25 and represented 2.8% of total revenues, a 20 basis-point increase year-on-year, reflecting a strong performance with higher retail sales in Switzerland and solid promotional income, coupled with effective expense control. On a comparable basis, income from operations increased 9.1%. Operating expenses decreased by 1.8% to Ps. 5,007 million, reflecting sustained cost discipline.

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

1 Same-store Sales reflects a weighted average from our foodservice and retail operations.

HEALTH

1Q26 Financial Summary - Health

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

Total revenues increased 0.9% in 1Q26 compared to 1Q25, impacted by currency translation effects, but grew 6.5% on a currency-neutral basis. This reflected positive performance in Colombia retail, Chile and Ecuador on a currency neutral basis, which was partially offset by challenging results in Mexico, primarily due to the closing of 335 stores for the last twelve months. During the quarter, the net store base increased by 24 units, reaching a total of 4,527 locations across our territories as of March 31, 2026. During the last twelve months, there were 67 net closings. Same-store sales remained flat in Mexican pesos and increased 7.2% on a currency-neutral basis despite the underperformance of stores in Mexico, reflecting the strong results of Colombia retail.

Gross profit was 26.2% of total revenues, representing a decrease of 320 basis points, reflecting a reclassification of distribution expenses from selling expenses to cost of goods sold; this effect is not reflected in 1Q25. The decrease is also driven by the underperformance of Mexico and an unfavorable product mix in Chile. Gross profit decreased 10.0% compared to 1Q25, reflecting the effects mentioned above. On a comparable basis excluding the effects of this reclassification, the comparable gross profit would have marginally increased by 0.4% in 1Q26 versus the previous year, and the comparable gross profit margin would have contracted 20 basis points from a base of 26.4%.

Income from operations represented 3.0% of total revenues, a reduction of 50 basis points from 3.5%. On a comparable basis, income from operations contracted by 4.9%, reflecting a negative performance in Chile driven by a stable gross margin and increased expenses relating primarily to labor, as well as ongoing pressure in Mexico. This was partially offset by improved results in Colombia, supported by the expansion of retail stores, and in Ecuador, driven by operating efficiencies.

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

SPIN1

Spin by OXXO

Spin by OXXO acquired 0.8 million users during the quarter to reach 16.9 million total acquired users in 1Q26, compared to 13.8 million users in 1Q25. This represents an increase of 22.3% YoY and a 1.7% compound monthly growth rate. Active users2 represented 65.0% of the total acquired user base representing 22.3% growth YoY and reaching 11.0 million. Total transactions per month increased 60.9%3 YoY to reach an average of 103.0 million per month in 1Q26, reflecting an increase in user engagement.

Spin Premia

Spin Premia acquired 2.0 million users during the quarter to reach 65.1 million total acquired users in 1Q26, compared to 55.7 million users in 1Q25. This represents an increase of 16.9% YoY and a 1.3% compound monthly growth rate. Active users4 represented 43.6% of the total acquired user base representing 12.8% growth YoY and reaching 28.4 million. The average tender during the quarter was 50.6%.

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.

RECENT DEVELOPMENTS

1 Spin results are included within the Other business segment

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

3 Represents the growth of average monthly transactions in 1Q26 compared to average monthly transactions in 1Q25.

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

These reports are available on FEMSA's investor relations website at http://ir.femsa.com.

Shareholders may receive a hard copy of the report, which includes FEMSA’s audited financial statements, free of charge through the contact listed below.

The Annual Ordinary Shareholders’ Meeting elected the members of the board of directors and the members of each of the Audit Committee, the Corporate Practices and Nominations Committee and the Operations and Strategy Committee of the Board for 2026.

The list of the elected directors can be found in the following link: https://femsa.gcs-web.com/corporate-governance/board-of-directors.

The Annual Ordinary Shareholders’ Meeting declared and approved the payment of an ordinary cash dividend of Ps. 0.2475 per each Series "D" share and Ps. 0.1980 per each Series "B" share, which amounts to Ps. 4.7520 per "BD" Unit (BMV: FEMSAUBD) or Ps. 47.520 per ADS (NYSE: FMX), and Ps. 3.9600 per "B" Unit (BMV: FEMSAUB), to be paid in four equal installments, payable on April 23 of 2026, July 16 of 2026, October 15 of 2026 and January 14 of 2027.

Additionally, the Annual Ordinary Shareholders’ Meeting declared and approved the payment of an extraordinary cash dividend of Ps. 0.41975 per each Series "D" share and Ps. 0.335825 per each Series "B" share, which amounts to Ps. 8.0597 per "BD" Unit (BMV: FEMSAUBD) or Ps. 80.597 per ADS (NYSE: FMX), and Ps. 6.7165 per "B" Unit (BMV: FEMSAUB), to be paid in four equal installments, payable on payable on April 23 of 2026, July 16 of 2026, October 15 of 2026 and January 14 of 2027.

For additional information, please refer to the Summary of Resolutions in the Shareholders Meeting section of our corporate website at: https://femsa.gcsweb.com/shareholder-meeting-information.

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 two core sectors, retail and beverages. In retail, FEMSA is present through four divisions: i) OXXO Mexico, operating the largest small-format store chain in Mexico; ii) Americas & Mobility, which includes its OXXO convenience store operations across Latin America and the United States, as well as its gas station business in Mexico and the United States; iii) Europe, operating convenience and foodvenience formats in five European countries; and iv) FEMSA Health, which includes drugstores and related activities in four Latin American countries. In Mexico, OXXO’s operations are enhanced by, and comprise a customer-focused ecosystem with Spin, a digital platform that leverages the OXXO store network to provide Mexican consumers with access to digital financial services, including Spin by OXXO and Spin Premia, among other initiatives. In the beverage sector, FEMSA 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 369,000 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, 2026, 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, 2026, 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, 2026, or on our internal control over financial reporting as of December 31, 2026. 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.)

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

(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.

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 March 31, 2026 which was 18.0327 MXN per USD.

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

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

3 Reflects cash dividends received from Coca-Cola FEMSA for approximately US$378 mm 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 March 27 of 2026, the cancellation of the shares acquired from the stock repurchase program during the period from April 2025 to March 2026 was approved. The total FEMSA Units Cancelled are for the amount of 56,737,112 units.

OXXO Mexico – Results of Operations 

Amounts expressed in millions of Mexican Pesos (Ps.)

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

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

Americas & Mobility – Results of Operations
Amounts expressed in millions of Mexican Pesos (Ps.)

Currency Neutral

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

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

(2) Same-store Sales includes a weighted average of OXXO USA, Brazil and Latam. 

(3) Local currency (BRL). 

(4) Includes a weighted average of OXXO Colombia, Chile and Peru. 

(5) Local currency (USD). 

(6) Includes fuel operations in Mexico and in the US, with U.S. volumes converted to Liters. 

(7) For readers’ convenience in calculating the equivalent price in U.S. cents per gallon, please refer to the exchange rate of 18.0327 MXN per USD, as published by the Federal Reserve Bank of New York for March 31, 2026, and a conversion factor of 3.785 liters per US gallon.

Europe – Results of Operations 

Amounts expressed in millions of Mexican Pesos (Ps.)

(A) Refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance. 

(1) Monthly average information per store. Same-store Sales reflect a weighted average from our foodservice and retail operations.

Health – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

Currency Neutral

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

(1) Monthly average information per location, considering same locations with more than twelve months of all the operations of the Health Division.

(2) Local currency weighted average.

(3) Local currency (CLP).

(4) Local currency (COP).

(5) Local currency (USD).

(6) Only includes retail sales. In Ecuador, includes franchised stores

Coca-Cola FEMSA – Results of Operations

Amounts expressed in millions of Mexican Pesos (Ps.)

(A) Please refer to page 11 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

FEMSA Macroeconomic Information

(1) LTM = Last twelve months.

INVESTOR RELATIONS Jorge Collazo | jorge.collazo@kof.com Lorena Martin | lorena.martinl@kof.com Bryan Silva | bryan.silva@kof.com Emilio Díaz | emilio.diaz@kof.com kofmxinves@kof.com

Mexico City, April 29, 2026, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the first quarter of 2026.

FIRST QUARTER HIGHLIGHTS

FINANCIAL SUMMARY FOR THE FIRST QUARTER RESULTS

Change vs. same period of last year

Ian Craig, Coca-Cola FEMSA’s CEO, commented:

“Our first quarter results reflected the resiliency of our business and the advantages that a diversified footprint affords. Consolidated volume growth was supported by positive contributions from most of our operations, including strong performances in Argentina, Brazil, Colombia, and Guatemala that helped offset a volume decline in Mexico. As expected, we faced a softer consumer backdrop in Mexico compounded by the excise tax increase. Despite these headwinds, we gained share across most of our markets and categories and achieved record volumes for a first quarter in key markets such as Brazil, Colombia, and Guatemala. Our consolidated margins remained stable, supported by a strong performance in South America that compensated for pressures in Mexico and Central America. Unfavorable volume and mix impacts from the excise tax increase, severance and IT expenses resulted in a 17.4% drop in operating income in Mexico and Central America which was partially compensated by a 18.8% operating income growth in South America driven by volume growth and fixed costs and expenses absorption, resulting in a consolidated operating income decline of 2.3% for the quarter.

Looking ahead, we remain focused on strengthening our competitive position through targeted revenue management initiatives that support sustainable volume growth over the long term. Throughout 2026, we will also leverage the FIFA World Cup platform across our markets, while continuing to capture efficiencies and savings to protect profitability and prioritize the sustainable long-term growth of our business.”

Coca-Cola FEMSA Reports 1Q26 Results   April 29, 2026

Page 2 of 14

RECENT DEVELOPMENTS

CONFERENCE CALL INFORMATION

Coca-Cola FEMSA Reports 1Q26 Results   April 29, 2026

Page 3 of 14

CONSOLIDATED FIRST QUARTER RESULTS

CONSOLIDATED FIRST QUARTER RESULTS 

Volume increased 1.2% to 998.4 million-unit cases, driven by volume growth in most of our operations that was partially offset by a decline in Mexico.

Total revenues increased 1.1% to Ps. 70,925 million. This increase was driven mainly by revenue management initiatives and a volume increase in most of our countries, partially offset by the negative translation effect from all our operating currencies into Mexican pesos. Excluding currency translation effects, total revenues increased 6.0%.

Gross profit increased 4.5% to Ps. 33,255 million, and gross margin expanded 150 basis points to 46.9%. This expansion was driven mainly by lower sweetener and PET costs, coupled with the appreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by higher fixed costs such as labor and depreciation, coupled with unfavorable mix effects. Excluding currency translation effects, gross profit increased 9.5%.

Operating income decreased 2.3% to Ps. 9,032 million, and operating margin contracted 50 basis points to 12.7%. This margin contraction was driven mainly by rightsizing initiatives and IT expenses, related to the implementation of SAP4Hana, in addition we recorded higher operating expenses such as marketing and depreciation. These effects were partially offset by expense efficiencies such as freight and maintenance across our operations. In addition, this quarter we recognized an income of Ps. 95 million, net of expenses, related to insurance claims from Hurricane John that impacted Mexico in September 2024. Excluding currency translation effects, operating income increased 2.6%.

Coca-Cola FEMSA Reports 1Q26 Results   April 29, 2026

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Comprehensive financing result recorded an expense of Ps. 1,752 million, compared to an expense of Ps. 1,126 million in the previous year. This increase was driven mainly by a loss in financial instruments of Ps. 167 million, as compared to a gain of Ps. 135 million recorded in the same period of the previous year, driven mainly by an increase in rates and the valuation of matured financial instruments in Brazil.

In addition, we recorded a higher interest expense, net, because of an increase in interest expenses driven mainly by new bond issuances in U.S. dollars and Mexican pesos. Moreover, we recorded a reduction in interest income because of a lower cash position in key markets.

Additionally, we recognized a foreign exchange loss of Ps. 117 million in the first quarter of 2026 as compared to a loss of Ps. 59 million in the same period of the previous year. The loss this year was driven mainly by the quarterly appreciation of the Brazilian Real and the Costa Rican Colon as applied to our U.S. dollar-denominated cash position, coupled with the quarterly depreciation of the Mexican peso as applied to our U.S. dollar-denominated net debt position.

These effects were partially offset by the recognition of a higher gain in monetary positions in inflationary subsidiaries related to Argentina for Ps. 104 million as compared to a gain of Ps. 87 million recorded in the same period of the previous year.

Income tax as a percentage of income before taxes was 36.6% as compared to 33.4% during the same period of 2025. This increase was driven mainly by inflationary effects in Argentina and non-creditable taxes in Mexico.

Net income attributable to equity holders of the company decreased 15.5% to reach Ps. 4,342 million. This decrease was driven mainly by an increase in our comprehensive financing result, coupled with a decrease in our operating income. Earnings per share1 were Ps. 0.26 (Earnings per unit were Ps. 2.07 and per ADS were Ps. 20.67.).

Coca-Cola FEMSA Reports 1Q26 Results   April 29, 2026

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MEXICO & CENTRAL AMERICA DIVISION FIRST QUARTER RESULTS

(Mexico, Guatemala, Costa Rica, Panama, and Nicaragua)

MEXICO & CENTRAL AMERICA DIVISION RESULTS 

Volume decreased 1.6% to 544.5 million-unit cases, driven by a volume decline in Mexico, partially offset by volume growth in the rest of our territories in the division.

Total revenues decreased 1.4% to Ps. 39,117 million. This performance was driven mainly by unfavorable mix and currency translation effects from all our operating currencies into Mexican pesos. These effects were partially offset by revenue management initiatives and volume increases in our territories in Central America. Excluding currency translation effects, total revenues increased 1.4%.

Gross profit increased 0.7% to Ps. 19,020 million, and gross margin expanded 100 basis points to 48.6%. This margin expansion was driven mainly by lower sweetener and PET costs, coupled with the appreciation of the Mexican peso as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by unfavorable mix effects. Excluding currency translation effects, gross profit increased 3.7%.

Operating income decreased 17.4% to Ps. 4,461 million, and operating margin contracted 220 basis points to 11.4%. Our operating income includes the recognition of insurance claims in Mexico, net of expenses, for Ps. 95 million.

This operating margin contraction was driven mainly by an increase in operating expenses such as marketing, depreciation, restructuring and IT. These effects were partially offset by operating expense efficiencies such as maintenance and distribution. Excluding currency translation effects, operating income decreased 14.2%.

Coca-Cola FEMSA Reports 1Q26 Results   April 29, 2026

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SOUTH AMERICA DIVISION FIRST QUARTER RESULTS

(Brazil, Argentina, Colombia, and Uruguay)

SOUTH AMERICA DIVISION RESULTS