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MX_KOF 2023-09-30 Q3 — report review

Status: PARTIAL — 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: Report (PDF)

PDF: Open the filing PDF (primary document)

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)

Default view is fast (metric table + statement page numbers only) so reverse proxies do not time out. Use ?heavy=1 when you need embedded page images and Camelot tables.

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.

Net debt structure (leases included, IFRS 16)

Net debt / LTM EBITDA: 0.8x

EBITDA → net profit bridge

The finance-costs/tax line is derived as EBIT minus net profit; see the filing PDF above for the detailed split.

Statement pages (discovery)

Below: last full statement reconstruction (PDF scans + tables + subtotal checks) cached from a ?heavy=1 run. Open heavy mode to rebuild if the PDF, discovery, or extraction changed. full previews & tables (?heavy=1).

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 11

No Camelot table — OCR (v8) below.

v8 OCR page 11: empty rows.

P&L — PDF page 12

Camelot table (pages 12, primary page 12).

#	Joined label	Line item	2023	% of Rev.	2022	For the Third Quarter of: → % of…	Δ% Reported	Δ% Comparable (7)	2023	% of Rev.	2022	% of Rev.
0	Millions of Pesos (1)						Millions of Pesos (1)
1	For the Third Quarter of: For the First Nine Months of:					For the Third Quarter of:					For the First Nine Months of:
2
3	2023 % of Rev. 2022 % of Rev. Δ% Reported Δ% Comparable (7) 2023 % of Rev. 2022		2023	% of Rev.	2022	% of Rev.	Δ% Reported	Δ% Comparable (7)	2023	% of Rev.	2022	% of Rev.
4
5	Transactions (million transactions) 6,048.6 5,507.3 9.8% 9.8% 17,548.7 16,327.4	Transactions (million transactions)	6,048.6		5,507.3		9.8%	9.8%	17,548.7		16,327.4
6	Volume (million unit cases) 1,033.1 925.8 11.6% 11.6% 2,991.6 2,759.9	Volume (million unit cases)	1,033.1		925.8		11.6%	11.6%	2,991.6		2,759.9
7	Average price per unit case 58.87 60.15 -2.1% 58.72 58.65	Average price per unit case	58.87		60.15		-2.1%		58.72		58.65
8	Net revenues 62,612 57,017 9.8% 180,780 165,723	Net revenues	62,612		57,017		9.8%		180,780		165,723
9	Other operating revenues 241 77 213.6% 596 319	Other operating revenues	241		77		213.6%		596		319
10	Total revenues (2) 62,853 100.0% 57,093 100.0% 10.1% 19.2% 181,376 100.0% 166,042	Total revenues (2)	62,853	100.0%	57,093	100.0%	10.1%	19.2%	181,376	100.0%	166,042	100.0%
11	Cost of goods sold 34,005 54.1% 31,702 55.5% 7.3% 99,925 55.1% 92,573	Cost of goods sold	34,005	54.1%	31,702	55.5%	7.3%		99,925	55.1%	92,573	55.8%
12	Gross profit 28,848 45.9% 25,392 44.5% 13.6% 22.9% 81,451 44.9% 73,469	Gross profit	28,848	45.9%	25,392	44.5%	13.6%	22.9%	81,451	44.9%	73,469	44.2%
13	Operating expenses 19,970 31.8% 17,933 31.4% 11.4% 56,500 31.2% 51,290	Operating expenses	19,970	31.8%	17,933	31.4%	11.4%		56,500	31.2%	51,290	30.9%
14	Other operative expenses, net 500 0.8% 167 0.3% 200.0% 421 0.2% 451	Other operative expenses, net	500	0.8%	167	0.3%	200.0%		421	0.2%	451	0.3%
15	Operative equity method (gain) loss in associates (3) (82) -0.1% (43) -0.1% 91.3% (187) -0.1% (152)	Operative equity method (gain) loss in associates (3)	(82)	-0.1%	(43)	-0.1%	91.3%		(187)	-0.1%	(152)	-0.1%
16	Operating income (5) 8,460 13.5% 7,335 12.8% 15.3% 24.1% 24,716 13.6% 21,881	Operating income (5)	8,460	13.5%	7,335	12.8%	15.3%	24.1%	24,716	13.6%	21,881	13.2%
17	Other non operative expenses, net 138 0.2% 94 0.2% 46.5% 484 0.3% 343	Other non operative expenses, net	138	0.2%	94	0.2%	46.5%		484	0.3%	343	0.2%
18	Non Operative equity method (gain) loss in associates (4) (16) 0.0% (113) -0.2% -85.6% 149 0.1% (141)	Non Operative equity method (gain) loss in associates (4)	(16)	0.0%	(113)	-0.2%	-85.6%		149	0.1%	(141)	-0.1%
19	Interest expense 1,707 1,339 27.5% 5,382 4,694	Interest expense	1,707		1,339		27.5%		5,382		4,694
20	Interest income 721 649 11.1% 2,578 1,606	Interest income	721		649		11.1%		2,578		1,606
21	Interest expense, net 986 690 42.9% 2,804 3,088	Interest expense, net	986		690		42.9%		2,804		3,088
22	Foreign exchange loss (gain) (322) (40) 696.8% 739 46	Foreign exchange loss (gain)	(322)		(40)		696.8%		739		46
23	Loss (gain) on monetary position in inflationary	Loss (gain) on monetary position in inflationary
24	subsidiaries (17) (124) -86.3% (134) (434)	subsidiaries	(17)		(124)		-86.3%		(134)		(434)
25	Market value (gain) loss on financial instruments (95) 157 -160.4% (80) 738	Market value (gain) loss on financial instruments	(95)		157		-160.4%		(80)		738
26	Comprehensive financing result 552 682 -19.0% 3,329 3,438	Comprehensive financing result	552		682		-19.0%		3,329		3,438
27	Income before taxes 7,786 6,671 16.7% 20,754 18,241	Income before taxes	7,786		6,671		16.7%		20,754		18,241
28	Income taxes 2,273 2,166 4.9% 6,128 5,972	Income taxes	2,273		2,166		4.9%		6,128		5,972
29	Result of discontinued operations - - NA - -	Result of discontinued operations	-		-		NA		-		-
30	Consolidated net income 5,513 4,505 22.4% 14,627 12,269	Consolidated net income	5,513		4,505		22.4%		14,627		12,269
31	Net income attributable to equity holders of the company 5,380 8.6% 4,374 7.7% 23.0% 33.9% 14,213 7.8% 11,931	Net income attributable to equity holders of the company	5,380	8.6%	4,374	7.7%	23.0%	33.9%	14,213	7.8%	11,931	7.2%
32	Non-controlling interest 133 0.2% 131 0.2% 1.4% 414 0.2% 339	Non-controlling interest	133	0.2%	131	0.2%	1.4%		414	0.2%	339	0.2%
33
34	Adj. EBITDA & CAPEX 2023 % of Rev. 2022 % of Rev. Δ% Reported Δ% Comparable (7) 2023 % of Rev. 2022	Adj. EBITDA & CAPEX	2023	% of Rev.	2022	% of Rev.	Δ% Reported	Δ% Comparable (7)	2023	% of Rev.	2022	% of Rev.
35
36	Operating income (5) 8,460 13.5% 7,335 12.8% 15.3% 24.1% 24,716 13.6% 21,881	Operating income (5)	8,460	13.5%	7,335	12.8%	15.3%	24.1%	24,716	13.6%	21,881	13.2%
37	Depreciation 2,468 2,515 -1.9% 7,179 7,287	Depreciation	2,468		2,515		-1.9%		7,179		7,287
38	Amortization and other operative non-cash charges 902 777 16.1% 1,841 1,983	Amortization and other operative non-cash charges	902		777		16.1%		1,841		1,983
39	Adj. EBITDA (5)(6) 11,830 18.8% 10,626 18.6% 11.3% 20.5% 33,737 18.6% 31,151	Adj. EBITDA (5)(6)	11,830	18.8%	10,626	18.6%	11.3%	20.5%	33,737	18.6%	31,151	18.8%
40	CAPEX(8) 4,976 4,026 23.6% 11,713 11,191	CAPEX(8)	4,976		4,026		23.6%		11,713		11,191

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
12	Gross profit 28,848 45.9% 25,392 44.5% 13.6% 22.9% 81,451 44.9% 73,469 44.2% 10.9%	285,449	81,451	0.7147	Mismatch (8 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 13

Camelot table (pages 13, primary page 13).

#	Joined label	Line item	Except volume and average price p…
0	Depreci a tion, a mortiza tion & other opera ting non-ca s h cha rges 2,151 5.5% 2,111 6.2% 5,566	Depreci a tion, a mortiza tion & other opera ting non-ca s h cha rges	2,151 5.5% 2,111 6.2% 5,566
1	Adj. EBITDA (4)(5) 8,182 21.0% 7,171 21.2% 14.1% 17.0% 23,118	Adj. EBITDA (4)(5)	8,182 21.0% 7,171 21.2% 14.1% 17.0% 23,118
2	( 1) Except volume and average price per unit case figures.	( 1)	Except volume and average price per unit case figures.
3	(2) Please refer to page 15 for revenue breakdown.	(2)	Please refer to page 15 for revenue breakdown.
4	(3) Includes equity method in Jugos del Valle, among others.	(3)	Includes equity method in Jugos del Valle, among others.
5	(4) The operating income and Adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.	(4)	The operating income and Adjusted EBITDA lines are presented as non-GAAP measures for the convenienc
6	(5) Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.	(5)	Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.
7	(6) Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.	(6)	Please refer to page 10 for our definition of “comparable” and a description of the factors affectin

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

BS — PDF page 14

Camelot table (pages 14, primary page 14).

#	Joined label	Line item	Sep-23	Dec-22	% Var.	Liabilities & Equity → Current Li…	Sep-23	Dec-22	% Var.
0	Assets Sep-23 Dec-22 % Var. Liabilities & Equity Sep-23 Dec-22 % Var.	Assets	Sep-23	Dec-22	% Var.	Liabilities & Equity	Sep-23	Dec-22	% Var.
1	Current Assets Current Liabilities	Current Assets				Current Liabilities
2	Short-term bank loans and notes payable 38 8,524 -100%					Short-term bank loans and notes payable	38	8,524	-100%
3	Cash, cash equivalents and marketable	Cash, cash equivalents and marketable
4	securities 38,544 40,277 -4% Suppliers 24,452 26,834 -9%	securities	38,544	40,277	-4%	Suppliers	24,452	26,834	-9%
5	Total accounts receivable 14,292 16,318 -12% Short-term leasing Liabilities 609 472 29%	Total accounts receivable	14,292	16,318	-12%	Short-term leasing Liabilities	609	472	29%
6	Inventories 11,591 11,888 -2% Other current liabilities 33,847 22,129 53%	Inventories	11,591	11,888	-2%	Other current liabilities	33,847	22,129	53%
7	Other current assets 8,329 10,729 -22% Total current liabilities 58,947 57,959 2%	Other current assets	8,329	10,729	-22%	Total current liabilities	58,947	57,959	2%
8	Total current assets 72,756 79,211 -8% Non-Current Liabilities	Total current assets	72,756	79,211	-8%	Non-Current Liabilities
9	Non-Current Assets Long-term bank loans and notes payable 66,123 70,146 -6%	Non-Current Assets				Long-term bank loans and notes payable	66,123	70,146	-6%
10	Property, plant and equipment 130,010 125,293 4% Long Term Leasing Liabilities 1,615 1,663 -3%	Property, plant and equipment	130,010	125,293	4%	Long Term Leasing Liabilities	1,615	1,663	-3%
11	Accumulated depreciation (56,024) (54,088) 4% Other long-term liabilities 17,107 16,351 5%	Accumulated depreciation	(56,024)	(54,088)	4%	Other long-term liabilities	17,107	16,351	5%
12	Total property, plant and equipment, net 73,986 71,205 4% Total liabilities 143,791 146,119 -2%	Total property, plant and equipment, net	73,986	71,205	4%	Total liabilities	143,791	146,119	-2%
13	Right of use assets 2,119 2,069 2% Equity	Right of use assets	2,119	2,069	2%	Equity
14	Investment in shares 8,664 8,452 3% Non-controlling interest 6,597 6,491 2%	Investment in shares	8,664	8,452	3%	Non-controlling interest	6,597	6,491	2%
15	Intangible assets and other assets 101,241 103,122 -2% Total controlling interest 124,228 125,384 -1%	Intangible assets and other assets	101,241	103,122	-2%	Total controlling interest	124,228	125,384	-1%
16	Other non-current assets 15,851 13,936 14% Total equity 130,825 131,876 -1%	Other non-current assets	15,851	13,936	14%	Total equity	130,825	131,876	-1%
17	Total Assets 274,616 277,995 -1% Total Liabilities and Equity 274,616 277,995 -1%	Total Assets	274,616	277,995	-1%	Total Liabilities and Equity	274,616	277,995	-1%

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
7	Other current assets 8,329 10,729 -22% Total current liabilities 58,947 57,959 2%	57,937	57,959	0.0004	OK (5 lines)

CF

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

CF — PDF page 13

Camelot table (pages 13, primary page 13).

#	Joined label	Line item	2023	% of Rev.	2022	% of Rev.	Δ% → Reported	Δ% Comparable	Column 8	2023	% of Rev.	2022	% of Rev.	Δ% → Reported	Δ% → Comparable (6)
0	For the Third Quarter of:				For the Third Quarter of:							For the First Nine Months of:
1	Δ% Δ% Comparable						Δ%	Δ% Comparable						Δ%	Δ%
2
3	2023 % of Rev. 2022 % of Rev. Reported 2023 % of Rev.		2023	% of Rev.	2022	% of Rev.	Reported			2023	% of Rev.	2022	% of Rev.	Reported	Comparable (6)
4	Transactions (million transactions) 3,232.8 2,937.1 10.1% 10.1% 9,363.2	Transactions (million transactions)	3,232.8		2,937.1		10.1%		10.1%	9,363.2		8,712.0		7.5%	7.5%
5	Volume (million unit cases) 633.2 555.8 13.9% 13.9% 1,813.9	Volume (million unit cases)	633.2		555.8		13.9%		13.9%	1,813.9		1,640.5		10.6%	10.6%
6	Avera ge pri ce per uni t ca s e 61.28 60.80 0.8% 61.36	Avera ge pri ce per uni t ca s e	61.28		60.80		0.8%			61.36		59.24		3.6%
7	Net revenues 39,024 33,791 111,717	Net revenues	39,024		33,791					111,717		97,184
8	Other opera ting revenues 11 8 23	Other opera ting revenues	11		8					23		25
9	Total Revenues (2) 39,035 100.0% 33,799 100.0% 15.5% 18.2% 111,740 100.0%	Total Revenues (2)	39,035	100.0%	33,799	100.0%	15.5%		18.2%	111,740	100.0%	97,209	100.0%	14.9%	17.0%
10	Cos t of goods s ol d 20,346 52.1% 17,945 53.1% 58,497 52.4%	Cos t of goods s ol d	20,346	52.1%	17,945	53.1%				58,497	52.4%	50,853	52.3%
11	Gross profit 18,689 47.9% 15,855 46.9% 17.9% 20.5% 53,243 47.6%	Gross profit	18,689	47.9%	15,855	46.9%	17.9%		20.5%	53,243	47.6%	46,356	47.7%	14.9%	16.8%
12	Opera ting expens es 12,370 31.7% 10,710 31.7% 35,680 0.3	Opera ting expens es	12,370	31.7%	10,710	31.7%				35,680	0.3	30,378	0.3
13	Other opera tive expens es , net 344 0.9% 121 0.4% 132 0.1%	Other opera tive expens es , net	344	0.9%	121	0.4%				132	0.1%	355	0.4%
14	Opera tive equi ty method (ga i n) l os s i n a s s oci a tes (3) (57) -0.1% (36) -0.1% (121) -0.1%	Opera tive equi ty method (ga i n) l os s i n a s s oci a tes (3)	(57)	-0.1%	(36)	-0.1%				(121)	-0.1%	(112)	-0.1%
15	Operating income (4) 6,032 15.5% 5,059 15.0% 19.2% 22.5% 17,552 15.7%	Operating income (4)	6,032	15.5%	5,059	15.0%	19.2%		22.5%	17,552	15.7%	15,736	16.2%	11.5%	11.5%
16	Depreci a tion, a mortiza tion & other opera ting non-ca s h cha rges 2,151 5.5% 2,111 6.2% 5,566 5.0%	Depreci a tion, a mortiza tion & other opera ting non-ca s h cha rges	2,151	5.5%	2,111	6.2%				5,566	5.0%	5,690	5.9%
17	( Adj. EBITDA (4)(5) 8,182 21.0% 7,171 21.2% 14.1% 17.0% 23,118 20.7%	( Adj. EBITDA (4)(5)	8,182	21.0%	7,171	21.2%	14.1%		17.0%	23,118	20.7%	21,426	22.0%	7.9%	7.9%

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

CF — PDF page 14

No Camelot table — OCR (v8) below.

GPU v8 OCR — page 14 (15 rows). Blank amount cells are normal for section headers and line-wrapped captions; 0 from OCR on those rows is not a reported financial zero. Amounts follow the PDF header (often thousands of currency).

#	Joined label	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Cash; cash equivalents and marketable	0	0	0	38	8524	100
1	ecurities	38544	40277	47	24452	26834	97
2	Total ccounts receivable	14292	16318	12	609	472	29
3	Inventories	11591	11888	290	33847	22129	53
4	Other current assets	8329	10729	229	58947	57959	2
5	Total current assets	72756	79211	8
6	Non-Current Assets				56123	70146	-6
7	Property plant and equipment	130010	125293	450	1615	1663	-3
8	Accumulated depreciation	56.024	-54088	4	17107	16351	5
9	Tota property_Plant and equipment_net_	73986	71205	4	143791	146119	-2
10	Right of use assets	2119	69	2
11	Investment in shares	8664	8452	37	6597	6491	2
12	Intangible assets and other assets	101241	103122	27	124228	125384	17
13	Other non-current assets	15851	13936	14	130825	131876	-1
14	Total Assets	274616	277995	19	274616	277995	-1

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)