America Movil, S.A.B. de C.V. (AMX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Nadia and I'll be your conference operator today. At this time, I would like to welcome everyone to the American Mobile first quarter 2025 conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw a question, please press star followed by two. Now I will turn the call over to Ms. Daniela Lechwana, Head of Investor Relations. Thank you. Good morning, everyone. Thank you for joining us today to discuss our first quarter 2025 financial and operating results. We have on the line Mr. Daniel Hash, CEO, Mr. Carlos Garcia Moreno, CFO, and Mr. Oscar Bonsausque, CEO. Thank you, Daniela. Welcome, everyone, to the first quarter of 2025 Financial and Operating Report. Carlos is going to make a summary of the results. Thank you. Thank you, Daniel. Good morning, everyone. Well, the first quarter of the year began with interest surging ahead, continuing the trend from early December, as the market grew increasingly concerned with inflation on terms of a much stronger economy than had been expected. However, as inflation numbers came in within expectations and new payroll figures weakened, 10-year treasury yields came down by a remarkable 60 basis points from mid-January, 20 quarter at 420%. In the period, most currencies in our region of operations appreciated versus the U.S. dollar, but not the Mexican peso, which remained almost flat over the quarter as the uncertainty of a potential new tariffs by the U.S. weighed on it. In the quarter, the US dollar lost 7.3% versus the Brazilian real, 4.9% ...