Fomento Economico Mexicano S.A.B. de C.V. (FMX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Fencel 4th Quarter 2025 conference call. My name is Algir and I'll be your moderator for today's event. Please note that this conference is being recorded. For the duration of the call, all participants will be in listen-only mode. You have the opportunity to ask questions at the end of the presentation. To do so, please use the raise hand feature in Zoom and we'll open up your line. If you experience any technical issue during the call, please use the Q&A function to request assistance. I would now like to hand the call over to Mr. Juan Fonseca, Investor Relations Director at FEMSA. Please, go ahead, Juan. Good morning, everyone, and welcome to FEMSA's fourth quarter and full year 2025 results conference call. Today, we are joined by José Antonio Fernández Garza, FEMSA's CEO, Martín Arias, our CFO, and Jorge Collazo, who heads Coca-Cola FEMSA's Investor Relations team. The plan is for José Antonio to open the conversation with some high-level comments on performance, followed by a strategic overview and an update on our priorities. Next, Martín will provide more details on the results. And finally, we will open the call for your questions. José Antonio, please go ahead. Thank you, Juan. Good morning, everyone. Today, I would like to split my remarks in two. First, We will focus on operational results and trends, highlighting some important points and takeaways. Then we will address more strategic topics, including an update on our priorities, as well as some relevant structural changes we are putting in place as we prepare for the next stage of growth. Let me begin with the performance of our business during the fourth quarter, particularly at OxoMéxico. Back in October, during our previous quarterly poll, we mentioned we had observed what seeme...