Q4 2025 America Movil SAB de CV Earnings Call Transcript
Key Points
- America Movil SAB de CV (AMX) added 2.5 million wireless subscribers in the fourth quarter, with a significant increase in postpaid net gains.
- The company reported a 3.4% increase in fourth-quarter revenue in Mexican peso terms, with service revenue expanding by 5.3%.
- EBITDA rose by 4.2% in Mexican peso terms, demonstrating strong operating leverage.
- Free cash flow increased by nearly 40% year-on-year, reaching MXN82 billion.
- The company successfully reduced its net debt in cash flow terms by MXN20 billion, with a net debt to EBITDA ratio of 1.52 times, indicating a downward trend.
- The US government shutdown created uncertainty, impacting economic indicators and employment, which could affect future operations.
- The company experienced prepaid subscriber losses in Brazil and Chile, with significant declines of 381,000 and 315,000 subscribers, respectively.
- Pre-tax non-operating expenses were significantly higher than average, reaching MXN7.9 billion, which was not fully explained during the call.
- The competitive environment in Chile remains challenging, with America Movil SAB de CV (AMX) stepping out of a potential consolidation deal with Telefonica.
- The company's leverage ratio remains slightly above the target range of 1.3 to 1.5 times net debt to EBITDA, indicating a need for further debt reduction.
Good morning. My name is Hillary, and I will be your conference operator today. At this time, I would like to welcome everyone to the America Movil fourth-quarter 2025 conference call. (Operator Instructions)
Thank you. I will now turn the call over to Ms. Daniela Lecuona, Head of Investor Relations. Please go ahead.
Thank you so much. Good morning, everyone. Thank you for joining us today to discuss our fourth-quarter results. We have today on the line Mr. Daniel Hajj, CEO; Mr. Oscar Von Hauske, COO; and Mr. Carlos Garcia Moreno, CFO. Thank you for joining.
Thank you, Daniela. Welcome, everybody, to America Movil fourth-quarter 2025 report. Carlos is going to make us a summary of the results. Carlos?
Thank you,
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