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MX_FEMSA 2025-06-30 H1 — report review

Status: OK — incomplete — unset metrics listed below; Currency: MXN; Amounts unit: millions; Forms: ✓ ✓ —

Report published: Not stored for this period — set financial_report_date on the row (EDGAR filingDate, KASE change_date, or manual_catalog).

Full financial report: Link

PDF (local): /home/ubuntu/projects/frontier/data/raw_pdfs/MX_FEMSA/2025-06-30_Q2_FEMSA_2Q25.pdf

To recalculate statement detection and previews from the PDF, use this link The default link runs in the background: a status panel shows phase, elapsed time, rough ETA, CUDA vs CPU, and OOM hints, then loads the finished report. Heavy mode with refresh does this automatically so reverse proxies do not return 502. Add &sync=1 only for one long blocking request (not recommended). You can use ?refresh=1, ?recalc=1, ?nocache=1, or ?recompute=1 on the URL. (block in the browser until done: synchronous refresh)

Metric mapping (value → extracted evidence)

Metric values use dashboard units where applicable; evidence is the stored snippet from the PDF text layer or OCR used during extraction.

Statement pages (discovery)

Statement previews & reconstructed tables

Highlights Yellow row = matched stored evidence label; orange cell = exact number used for that metric (hover row for details). Revenue Operating profit D&A EBITDA Net profit cash debt_short debt_long Assets Equity Operating CF Investing CF

Green / amber / red bars on the label column mark subtotal rows where summed detail lines match the reported total (heuristic). The table under each reconstructed grid lists every check (Σ detail vs reported, status).

P&L

Tables and checks run on 2 of 3 PDF pages for this form (timeout budget). Raise REPORT_REVIEW_HEAVY_RECON_PAGES for more.

P&L — PDF page 13

No Camelot table — OCR (v8) below.

v8 OCR page 13: empty rows.

P&L — PDF page 14

Camelot table (pages 14, primary page 14).

#	Joined label	Line item	2025	of rev.	2024	of rev.	% Var. → N.S.	Comp.(A)	2025	of rev.	2024	of rev.
0	For the second quarter of: For the six months of:				For the second quarter of:						For the six months of:
1	% % % %			%		%		%		%		%
2	2025 2024 % Var. 2025 2024		2025		2024		% Var.		2025		2024
3	of rev. of rev. Comp.(A) of rev.			of rev.		of rev.		Comp.(A)		of rev.		of rev.
4	Total revenues 211,364 100.0 198,744 100.0 6.3 2.2 406,812 100.0 375,507	Total revenues	211,364	100.0	198,744	100.0	6.3	2.2	406,812	100.0	375,507	100.0
5	Cost of sales 125,442 59.3 116,305 58.5 7.9 242,126 59.5 224,728	Cost of sales	125,442	59.3	116,305	58.5	7.9		242,126	59.5	224,728	59.8
6	Gross profit 85,922 40.7 82,440 41.5 4.2 0.0 164,686 40.5 150,779	Gross profit	85,922	40.7	82,440	41.5	4.2	0.0	164,686	40.5	150,779	40.2
7	Administrative expenses 10,262 4.9 9,476 4.8 8.3 20,214 5.0 17,840	Administrative expenses	10,262	4.9	9,476	4.8	8.3		20,214	5.0	17,840	4.8
8	Selling expenses 58,147 27.5 55,170 27.8 5.4 113,460 27.9 101,969	Selling expenses	58,147	27.5	55,170	27.8	5.4		113,460	27.9	101,969	27.2
9	Other operating expenses (income), net (1) (318) (0.2) 168 0.1 N.S. (356) (0.1) 388	Other operating expenses (income), net (1)	(318)	(0.2)	168	0.1	N.S.		(356)	(0.1)	388	0.1
10	Income from operations (2) 17,832 8.4 17,626 8.9 1.2 (1.5) 31,368 7.7 30,582	Income from operations (2)	17,832	8.4	17,626	8.9	1.2	(1.5)	31,368	7.7	30,582	8.1
11	Other non-operating expenses (income) 269 137 96.4 1,100 624	Other non-operating expenses (income)	269		137		96.4		1,100		624
12	Interest expense 5,301 5,599 (5.3) 10,464 10,271	Interest expense	5,301		5,599		(5.3)		10,464		10,271
13	Interest income 2,051 4,136 (50.4) 4,183 6,837	Interest income	2,051		4,136		(50.4)		4,183		6,837
14	Interest expense, net 3,250 1,463 N.S. 6,281 3,434	Interest expense, net	3,250		1,463		N.S.		6,281		3,434
15	Foreign exchange loss (gain) 4,102 (6,131) N.S. 3,660 (5,008)	Foreign exchange loss (gain)	4,102		(6,131)		N.S.		3,660		(5,008)
16	Other financial expenses (income), net (633) 46 N.S. (1,817) 337	Other financial expenses (income), net	(633)		46		N.S.		(1,817)		337
17	Financing expenses, net 6,719 (4,622) N.S. 8,124 (1,237)	Financing expenses, net	6,719		(4,622)		N.S.		8,124		(1,237)
18	Income before income tax and	Income before income tax and
19	10,844 22,110 (51.0) 22,144 31,195		10,844		22,110		(51.0)		22,144		31,195
20	participation in associates results	participation in associates results
21	Income tax 4,339 6,555 (33.8) 9,100 9,936	Income tax	4,339		6,555		(33.8)		9,100		9,936
22	Participation in associates results (3) (756) (300) N.S. (844) (334)	Participation in associates results (3)	(756)		(300)		N.S.		(844)		(334)
23	Continued Operations net income (Loss) 5,749 15,255 (62.3) 12,200 20,925	Continued Operations net income (Loss)	5,749		15,255		(62.3)		12,200		20,925
24	Discontinued Operations net income (Loss) (157) 414 N.S 2,333 525	Discontinued Operations net income (Loss)	(157)		414		N.S		2,333		525
25	Consolidated net income (Loss) 5,593 15,669 (64.3) 14,533 21,450	Consolidated net income (Loss)	5,593		15,669		(64.3)		14,533		21,450
26	Net majority income 2,712 10,283 (73.6) 8,516 15,457	Net majority income	2,712		10,283		(73.6)		8,516		15,457
27	Net minority income 2,881 5,386 (46.5) 6,017 5,993	Net minority income	2,881		5,386		(46.5)		6,017		5,993
28	% % % %			%		%		%		%		%
29	Operative Cash Flow & CAPEX 2025 2024 % Var. 2025 2024	Operative Cash Flow & CAPEX	2025		2024		% Var.		2025		2024
30	of rev. of rev. Comp.(A) of rev.			of rev.		of rev.		Comp.(A)		of rev.		of rev.
31	Income from operations 17,832 8.4 17,626 8.9 1.2 (1.5) 31,368 7.7 30,582	Income from operations	17,832	8.4	17,626	8.9	1.2	(1.5)	31,368	7.7	30,582	8.1
32	Depreciation 9,893 4.7 8,496 4.3 16.4 19,609 4.8 16,827	Depreciation	9,893	4.7	8,496	4.3	16.4		19,609	4.8	16,827	4.5
33	Amortization & other non-cash charges 1,864 0.9 2,492 1.3 (25.2) 3,855 0.9 4,509	Amortization & other non-cash charges	1,864	0.9	2,492	1.3	(25.2)		3,855	0.9	4,509	1.2
34	Adjusted EBITDA 29,589 14.0 28,614 14.4 3.4 (0.3) 54,832 13.5 51,919	Adjusted EBITDA	29,589	14.0	28,614	14.4	3.4	(0.3)	54,832	13.5	51,919	13.8
35	CAPEX 9,203 10,672 (13.8) 17,987 18,242	CAPEX	9,203		10,672		(13.8)		17,987		18,242

Subtotals vs summed lines (heuristic)

For each recognised total/subtotal row, amounts in the detected reporting column are summed over preceding detail rows until another subtotal or a lookback limit. This mirrors coarse PHP-style checks; it is not a full chart-of-accounts reconciliation.

Row	Label (trimmed)	Σ detail	Reported	|Δ|/scale	Status
6	Gross profit 85,922 40.7 82,440 41.5 4.2 0.0 164,686 40.5 150,779 40.2 9.2	166,711	164,686	0.0121	OK (3 lines)

BS

Tables and checks run on 2 of 3 PDF pages for this form (timeout budget). Raise REPORT_REVIEW_HEAVY_RECON_PAGES for more.

BS — PDF page 14

Camelot table (pages 14, primary page 14).

#	Joined label	Line item	2025	of rev.	2024	of rev.	% Var. → N.S.	Comp.(A)	2025	of rev.	2024	of rev.
0	For the second quarter of: For the six months of:				For the second quarter of:						For the six months of:
1	% % % %			%		%		%		%		%
2	2025 2024 % Var. 2025 2024		2025		2024		% Var.		2025		2024
3	of rev. of rev. Comp.(A) of rev.			of rev.		of rev.		Comp.(A)		of rev.		of rev.
4	Total revenues 211,364 100.0 198,744 100.0 6.3 2.2 406,812 100.0 375,507	Total revenues	211,364	100.0	198,744	100.0	6.3	2.2	406,812	100.0	375,507	100.0
5	Cost of sales 125,442 59.3 116,305 58.5 7.9 242,126 59.5 224,728	Cost of sales	125,442	59.3	116,305	58.5	7.9		242,126	59.5	224,728	59.8
6	Gross profit 85,922 40.7 82,440 41.5 4.2 0.0 164,686 40.5 150,779	Gross profit	85,922	40.7	82,440	41.5	4.2	0.0	164,686	40.5	150,779	40.2
7	Administrative expenses 10,262 4.9 9,476 4.8 8.3 20,214 5.0 17,840	Administrative expenses	10,262	4.9	9,476	4.8	8.3		20,214	5.0	17,840	4.8
8	Selling expenses 58,147 27.5 55,170 27.8 5.4 113,460 27.9 101,969	Selling expenses	58,147	27.5	55,170	27.8	5.4		113,460	27.9	101,969	27.2
9	Other operating expenses (income), net (1) (318) (0.2) 168 0.1 N.S. (356) (0.1) 388	Other operating expenses (income), net (1)	(318)	(0.2)	168	0.1	N.S.		(356)	(0.1)	388	0.1
10	Income from operations (2) 17,832 8.4 17,626 8.9 1.2 (1.5) 31,368 7.7 30,582	Income from operations (2)	17,832	8.4	17,626	8.9	1.2	(1.5)	31,368	7.7	30,582	8.1
11	Other non-operating expenses (income) 269 137 96.4 1,100 624	Other non-operating expenses (income)	269		137		96.4		1,100		624
12	Interest expense 5,301 5,599 (5.3) 10,464 10,271	Interest expense	5,301		5,599		(5.3)		10,464		10,271
13	Interest income 2,051 4,136 (50.4) 4,183 6,837	Interest income	2,051		4,136		(50.4)		4,183		6,837
14	Interest expense, net 3,250 1,463 N.S. 6,281 3,434	Interest expense, net	3,250		1,463		N.S.		6,281		3,434
15	Foreign exchange loss (gain) 4,102 (6,131) N.S. 3,660 (5,008)	Foreign exchange loss (gain)	4,102		(6,131)		N.S.		3,660		(5,008)
16	Other financial expenses (income), net (633) 46 N.S. (1,817) 337	Other financial expenses (income), net	(633)		46		N.S.		(1,817)		337
17	Financing expenses, net 6,719 (4,622) N.S. 8,124 (1,237)	Financing expenses, net	6,719		(4,622)		N.S.		8,124		(1,237)
18	Income before income tax and	Income before income tax and
19	10,844 22,110 (51.0) 22,144 31,195		10,844		22,110		(51.0)		22,144		31,195
20	participation in associates results	participation in associates results
21	Income tax 4,339 6,555 (33.8) 9,100 9,936	Income tax	4,339		6,555		(33.8)		9,100		9,936
22	Participation in associates results (3) (756) (300) N.S. (844) (334)	Participation in associates results (3)	(756)		(300)		N.S.		(844)		(334)
23	Continued Operations net income (Loss) 5,749 15,255 (62.3) 12,200 20,925	Continued Operations net income (Loss)	5,749		15,255		(62.3)		12,200		20,925
24	Discontinued Operations net income (Loss) (157) 414 N.S 2,333 525	Discontinued Operations net income (Loss)	(157)		414		N.S		2,333		525
25	Consolidated net income (Loss) 5,593 15,669 (64.3) 14,533 21,450	Consolidated net income (Loss)	5,593		15,669		(64.3)		14,533		21,450
26	Net majority income 2,712 10,283 (73.6) 8,516 15,457	Net majority income	2,712		10,283		(73.6)		8,516		15,457
27	Net minority income 2,881 5,386 (46.5) 6,017 5,993	Net minority income	2,881		5,386		(46.5)		6,017		5,993
28	% % % %			%		%		%		%		%
29	Operative Cash Flow & CAPEX 2025 2024 % Var. 2025 2024	Operative Cash Flow & CAPEX	2025		2024		% Var.		2025		2024
30	of rev. of rev. Comp.(A) of rev.			of rev.		of rev.		Comp.(A)		of rev.		of rev.
31	Income from operations 17,832 8.4 17,626 8.9 1.2 (1.5) 31,368 7.7 30,582	Income from operations	17,832	8.4	17,626	8.9	1.2	(1.5)	31,368	7.7	30,582	8.1
32	Depreciation 9,893 4.7 8,496 4.3 16.4 19,609 4.8 16,827	Depreciation	9,893	4.7	8,496	4.3	16.4		19,609	4.8	16,827	4.5
33	Amortization & other non-cash charges 1,864 0.9 2,492 1.3 (25.2) 3,855 0.9 4,509	Amortization & other non-cash charges	1,864	0.9	2,492	1.3	(25.2)		3,855	0.9	4,509	1.2
34	Adjusted EBITDA 29,589 14.0 28,614 14.4 3.4 (0.3) 54,832 13.5 51,919	Adjusted EBITDA	29,589	14.0	28,614	14.4	3.4	(0.3)	54,832	13.5	51,919	13.8
35	CAPEX 9,203 10,672 (13.8) 17,987 18,242	CAPEX	9,203		10,672		(13.8)		17,987		18,242

No subtotal/total rows matched the built-in patterns on this table (or fewer than two detail lines above each candidate).

BS — PDF page 15

Camelot table (pages 15, primary page 15).

#	Joined label	Line item	Jun-25	Dec-24	% Inc.	Column 5	LIABILITIES & STOCKHOLDERS’ EQUIT…	Jun-25	Dec-24	% Inc. → N.S.
0	FEMSA – Consolidated Balance Sheet	FEMSA – Consolidated Balance Sheet
1	Amounts expressed in millions of Mexican Pesos (Ps.)	Amounts expressed in millions of Mexican Pesos (Ps.)
2	A LIABILITIES & STOCKHOLDERS’ EQUITY Jun-25 Dec-24 % Inc.	A					LIABILITIES & STOCKHOLDERS’ EQUITY	Jun-25	Dec-24	% Inc.
3	SSETS Jun-25 Dec-24 % Inc.	SSETS	Jun-25	Dec-24	% Inc.
4	Bank loans 5,885 3,775 55.9						Bank loans	5,885	3,775	55.9
5	Cash and cash equivalents 129,825 139,834 (7.2)	Cash and cash equivalents	129,825	139,834	(7.2)
6	Current maturities of long-term debt 13,464 2,947 N.S.						Current maturities of long-term debt	13,464	2,947	N.S.
7	Investments 32,485 43,212 (24.8)	Investments	32,485	43,212	(24.8)
8	Interest payable 1,606 1,802 (10.9)						Interest payable	1,606	1,802	(10.9)
9	Accounts receivable 42,083 43,192 (2.6)	Accounts receivable	42,083	43,192	(2.6)
10	Current maturities of long-term leases 15,462 13,796 12.1						Current maturities of long-term leases	15,462	13,796	12.1
11	Inventories 66,606 67,464 (1.3)	Inventories	66,606	67,464	(1.3)
12	Operating liabilities 198,290 173,658 14.2						Operating liabilities	198,290	173,658	14.2
13	Other current assets 39,426 34,214 15.2	Other current assets	39,426	34,214	15.2
14	Short term liabilities available for sale 6,665 6,952 (4.1)						Short term liabilities available for sale	6,665	6,952	(4.1)
15	Current Assets Available for sale 12,834 14,395 (10.8)	Current Assets Available for sale	12,834	14,395	(10.8)
16	Total current liabilities 241,372 202,930 18.9						Total current liabilities	241,372	202,930	18.9
17	Total current assets 323,259 342,311 (5.6)	Total current assets	323,259	342,311	(5.6)
18	Long-term debt (2) 136,215 141,482 (3.7)						Long-term debt (2)	136,215	141,482	(3.7)
19	Investments in shares 27,088 28,697 (5.6)	Investments in shares	27,088	28,697	(5.6)
20	Long-term leases 94,455 94,299 0.2						Long-term leases	94,455	94,299	0.2
21	Property, plant and equipment, net 182,186 177,511 2.6	Property, plant and equipment, net	182,186	177,511	2.6
22	Laboral obligations 9,121 8,968 1.7						Laboral obligations	9,121	8,968	1.7
23	Right of use 99,367 97,960 1.4	Right of use	99,367	97,960	1.4
24	Other liabilities 24,829 22,726 9.3						Other liabilities	24,829	22,726	9.3
25	Intangible assets (1) 146,503 146,336 0.1	Intangible assets (1)	146,503	146,336	0.1
26	Total liabilities 505,992 470,405 7.6						Total liabilities	505,992	470,405	7.6
27	Other assets 52,639 58,721 (10.4)	Other assets	52,639	58,721	(10.4)
28	Total stockholders’ equity 325,050 381,131 (14.7)						Total stockholders’ equity	325,050	381,131	(14.7)
29	TOTAL LIABILITIES AND STOCKHOLERS’ EQUITY 831,042 851,536 (2.4)						TOTAL LIABILITIES AND STOCKHOLERS’ EQUITY	831,042	851,536	(2.4)
30	TOTAL ASSETS 831,042 851,536 (2.4%)	TOTAL ASSETS	831,042	851,536	(2.4%)
31	June 30, 2025		June 30, 2025
32	Average			Average
33	DEBT MIX (2) % of Total	DEBT MIX (2)	% of Total
34	Rate			Rate
35	Denominated in:	Denominated in:
36	Mexican pesos 49.0% 9.1%	Mexican pesos	49.0%	9.1%
37	U.S. Dollars 30.9% 3.5%	U.S. Dollars	30.9%	3.5%
38	Euros 7.2% 2.6%	Euros	7.2%	2.6%
39	Swiss Francs 0.0% 0.0%	Swiss Francs	0.0%	0.0%
40	Colombian pesos 2.0% 9.2%	Colombian pesos	2.0%	9.2%
41	Argentine pesos 0.3% 40.8%	Argentine pesos	0.3%	40.8%
42	Brazilian reais 9.5% 10.9%	Brazilian reais	9.5%	10.9%
43	Chilean pesos 1.1% 6.4%	Chilean pesos	1.1%	6.4%
44	Total debt 100.0% 7.1%	Total debt	100.0%	7.1%
45	Fixed rate (2) 81.8%	Fixed rate (2)	81.8%
46	Variable rate (2) 18.2%	Variable rate (2)	18.2%
47	DEBT MATURITY PROFILE 2025 2026 2027 2028 2029 2030+	DEBT MATURITY PROFILE		2025	2026	2027	2028 2029 2030+
48	% of Total Debt 4.5% 10.7% 7.8% 10.7% 3.7% 62.6%	% of Total Debt		4.5%	10.7%	7.8%	10.7% 3.7% 62.6%

No subtotal/total rows matched the built-in patterns on this table (or fewer than two detail lines above each candidate).

CF

CF — PDF page 14

Camelot table (pages 14, primary page 14).

#	Joined label	Line item	2025	of rev.	2024	of rev.	% Var. → N.S.	Comp.(A)	2025	of rev.	2024	of rev.	% Var. → N.S.	Comp.(A)
0	For the second quarter of: For the six months of:				For the second quarter of:						For the six months of:
1	% % % %			%		%		%		%		%		%
2	2025 2024 % Var. 2025 2024		2025		2024		% Var.		2025		2024		% Var.
3	of rev. of rev. Comp.(A) of rev.			of rev.		of rev.		Comp.(A)		of rev.		of rev.		Comp.(A)
4	Total revenues 211,364 100.0 198,744 100.0 6.3 2.2 406,812 100.0 375,507	Total revenues	211,364	100.0	198,744	100.0	6.3	2.2	406,812	100.0	375,507	100.0	8.3	2.7
5	Cost of sales 125,442 59.3 116,305 58.5 7.9 242,126 59.5 224,728	Cost of sales	125,442	59.3	116,305	58.5	7.9		242,126	59.5	224,728	59.8	7.7
6	Gross profit 85,922 40.7 82,440 41.5 4.2 0.0 164,686 40.5 150,779	Gross profit	85,922	40.7	82,440	41.5	4.2	0.0	164,686	40.5	150,779	40.2	9.2	4.5
7	Administrative expenses 10,262 4.9 9,476 4.8 8.3 20,214 5.0 17,840	Administrative expenses	10,262	4.9	9,476	4.8	8.3		20,214	5.0	17,840	4.8	13.3
8	Selling expenses 58,147 27.5 55,170 27.8 5.4 113,460 27.9 101,969	Selling expenses	58,147	27.5	55,170	27.8	5.4		113,460	27.9	101,969	27.2	11.3
9	Other operating expenses (income), net (1) (318) (0.2) 168 0.1 N.S. (356) (0.1) 388	Other operating expenses (income), net (1)	(318)	(0.2)	168	0.1	N.S.		(356)	(0.1)	388	0.1	N.S.
10	Income from operations (2) 17,832 8.4 17,626 8.9 1.2 (1.5) 31,368 7.7 30,582	Income from operations (2)	17,832	8.4	17,626	8.9	1.2	(1.5)	31,368	7.7	30,582	8.1	2.6	(3.9)
11	Other non-operating expenses (income) 269 137 96.4 1,100 624	Other non-operating expenses (income)	269		137		96.4		1,100		624		76.3
12	Interest expense 5,301 5,599 (5.3) 10,464 10,271	Interest expense	5,301		5,599		(5.3)		10,464		10,271		1.9
13	Interest income 2,051 4,136 (50.4) 4,183 6,837	Interest income	2,051		4,136		(50.4)		4,183		6,837		(38.8)
14	Interest expense, net 3,250 1,463 N.S. 6,281 3,434	Interest expense, net	3,250		1,463		N.S.		6,281		3,434		N.S.
15	Foreign exchange loss (gain) 4,102 (6,131) N.S. 3,660 (5,008)	Foreign exchange loss (gain)	4,102		(6,131)		N.S.		3,660		(5,008)		N.S.
16	Other financial expenses (income), net (633) 46 N.S. (1,817) 337	Other financial expenses (income), net	(633)		46		N.S.		(1,817)		337		N.S.
17	Financing expenses, net 6,719 (4,622) N.S. 8,124 (1,237)	Financing expenses, net	6,719		(4,622)		N.S.		8,124		(1,237)		N.S.
18	Income before income tax and	Income before income tax and
19	10,844 22,110 (51.0) 22,144 31,195		10,844		22,110		(51.0)		22,144		31,195		(29.0)
20	participation in associates results	participation in associates results
21	Income tax 4,339 6,555 (33.8) 9,100 9,936	Income tax	4,339		6,555		(33.8)		9,100		9,936		(8.4)
22	Participation in associates results (3) (756) (300) N.S. (844) (334)	Participation in associates results (3)	(756)		(300)		N.S.		(844)		(334)		N.S.
23	Continued Operations net income (Loss) 5,749 15,255 (62.3) 12,200 20,925	Continued Operations net income (Loss)	5,749		15,255		(62.3)		12,200		20,925		(41.7)
24	Discontinued Operations net income (Loss) (157) 414 N.S 2,333 525	Discontinued Operations net income (Loss)	(157)		414		N.S		2,333		525		N.S.
25	Consolidated net income (Loss) 5,593 15,669 (64.3) 14,533 21,450	Consolidated net income (Loss)	5,593		15,669		(64.3)		14,533		21,450		(32.2)
26	Net majority income 2,712 10,283 (73.6) 8,516 15,457	Net majority income	2,712		10,283		(73.6)		8,516		15,457		(44.9)
27	Net minority income 2,881 5,386 (46.5) 6,017 5,993	Net minority income	2,881		5,386		(46.5)		6,017		5,993		0.4
28	% % % %			%		%		%		%		%		%
29	Operative Cash Flow & CAPEX 2025 2024 % Var. 2025 2024	Operative Cash Flow & CAPEX	2025		2024		% Var.		2025		2024		% Var.
30	of rev. of rev. Comp.(A) of rev.			of rev.		of rev.		Comp.(A)		of rev.		of rev.		Comp.(A)
31	Income from operations 17,832 8.4 17,626 8.9 1.2 (1.5) 31,368 7.7 30,582	Income from operations	17,832	8.4	17,626	8.9	1.2	(1.5)	31,368	7.7	30,582	8.1	2.6	(3.9)
32	Depreciation 9,893 4.7 8,496 4.3 16.4 19,609 4.8 16,827	Depreciation	9,893	4.7	8,496	4.3	16.4		19,609	4.8	16,827	4.5	16.5
33	Amortization & other non-cash charges 1,864 0.9 2,492 1.3 (25.2) 3,855 0.9 4,509	Amortization & other non-cash charges	1,864	0.9	2,492	1.3	(25.2)		3,855	0.9	4,509	1.2	(14.5)
34	Adjusted EBITDA 29,589 14.0 28,614 14.4 3.4 (0.3) 54,832 13.5 51,919	Adjusted EBITDA	29,589	14.0	28,614	14.4	3.4	(0.3)	54,832	13.5	51,919	13.8	5.6	1.5
35	CAPEX 9,203 10,672 (13.8) 17,987 18,242	CAPEX	9,203		10,672		(13.8)		17,987		18,242		(1.4)

No subtotal/total rows matched the built-in patterns on this table (or fewer than two detail lines above each candidate).

Formulas used

• Net debt: debt_short + debt_long + other_financial_liabilities + non_controlling_interest − cash (mln); [DeepSeek] net_debt (mln MXN, batch apply)
• EBITDA: [DeepSeek] ebitda (mln MXN, batch apply)