FEMSA

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.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Adjusted EBITDA ex-KOF includes dividends received from Coca-Cola FEMSA 4 The exchange rate published by the Federal Reserve Bank of New York for September 30, 2026 was 18.0609 MXN per USD.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

· On September 14, 2026, FEMSA announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it entered into a new derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America to repurchase the Company’s shares through the acquisition of American Depositary Shares (“ADSs”).

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Under the terms of the ASR agreement, FEMSA agreed to repurchase from such financial institution an aggregate amount of up to US$280 million of its ADSs, subject to agreed-upon market conditions and delivery at maturity.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

The final number of ADSs repurchased and delivered under the ASR agreement will be based on the daily volume-weighted average ADS price during the term of the agreement, less a discount, and subject to the agreement’s terms and conditions which may result in a lower total amount being repurchased.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

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$420 mm during the last twelve months.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 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.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

This result was driven largely by stronger execution in most regions, commercial initiatives focused on key traffic-driving categories, and the consumer-centric strategy we began implementing last year.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

These initiatives are gaining traction and allowing us to generate additional traffic while maintaining a disciplined approach to profitability.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

We also continued to see encouraging progress in some of our growth platforms, with Bara gaining momentum as it accelerates expansion and strengthens the performance of its growing store base, while our OXXO operations in South America maintained a solid commercial trajectory, especially in Colombia.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

While we recognize that the final stretch of the year will present its share of challenges, we believe the strength of our geographically diversified platform positions us well to continue executing against our long-term strategy in pursuit of sustainable, profitable growth.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

However, certain other business units faced operating headwinds, particularly our Europe and Health divisions, which delivered mixed results.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

While we recognize that the final stretch of the year will present its share of challenges, we believe the strength of our geographically diversified platform positions us well to continue executing against our long-term strategy in pursuit of sustainable, profitable growth.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

) 1 1,852.5 2,006.9 (7.7 )% 1.3 % Total Revenues 14,063 14,837 (5.2 )% 4.0 % Gross Profit 5,531 6,203 (10.8 )% (2.2 )% Gross Profit Margin (%) 39.3 41.8 (250 bps ) Income from Operations 531 706 (24.8 )% (17.5 )% Income from Operations Margin (%) 3.8 4.8 (100 bps ) Adjusted EBITDA 1,990 2,288 (13.0 )% (4.5 )% Adjusted EBITDA Margin (%) 14.2 15.4 (120 bps ) Total revenues decreased 5.2% in 3Q26 compared to 3Q25, reflecting currency headwinds.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Total revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Operating margin — prior quarter passage and this quarter's passage are both cited.

SEC original ↗FEMSA — Earnings release (8-K exhibit)EX-99Oct 28, 2026