America Movil, S.A.B. de C.V. (AMX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 Mobile fourth 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 your question, please press star again. Thank you. I will now turn the call over to Ms. Daniela Laquona, Head of Investor Relations. 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 Hash, CEO, Mr. Oscar Von Hauske, CEO and Mr. Carlos Garcia Moreno, CFO. Thank you for joining us. Thank you, Daniela. Welcome, everybody, to America Mobile fourth quarter 2025 report. Carlos is going to make us a summary of the results, Carlos. Thank you, Daniela. Good morning, everyone. Well, the U.S. government shut down in the middle of the fourth quarter. ended up raising uncertainty about the state of economic activity in the U.S. Not only did it have a direct impact on employment, but on account of the shutdown, several economic indicators generated that employment agencies failed to be released at all. On December 10th, less than a month after the shutdown ended, and with still incomplete economic data, the Fed reduced the policy rate by 25 basis points in the absence of strong inflation pressures and the appearance of a softening economy. The dollar depreciated versus practically all the currencies in our region of operations in the quarter, except for the Brazilian real, the Argentinian peso, but...