América Móvil’s Revenue Up 14.1% in 1Q25

Mexico-based telecommunications company América Móvil announced its financial and operating results for 1Q25, reporting that total revenue increased by 14.1% year-on-year.

In 1Q25, América Móvil added 2.4 million postpaid subscribers globally. Mexico contributed 133,000 of these postpaid net additions, behind Brazil with 987,000 and Colombia with 163,000. In the prepaid segment, the company reported a net decrease of 1 million subscribers, with losses in Mexico and Brazil. The fixed-line segment saw the addition of 446,000 broadband accesses globally, with Mexico gaining 165,000 clients.

Total revenue for 1Q25 stood at MX$232 billion (US$11.9 billion), up 14.1% year-on-year. Service revenue expanded by 15.8% in Mexican pesos and 6.1% at constant exchange rates. Adjusted EBITDA increased by 13.3% in Mexican pesos and 4% at constant exchange rates.

Mobile service revenue rose by 5.7% at constant exchange rates, supported by 8.8% postpaid revenue growth. On the fixed-line platform, service revenue increased by 6.7% at constant exchange rates. Broadband revenue grew by 9.8%, while PayTV revenue increased by 8.7%.

Operating profit for 1Q25 totaled MX44.8 billion, marking a 10% increase year-on-year. This occurred after depreciation and amortization charges that rose by 16.1%, partly reflecting the incorporation of the company's Chilean operation ClaroVTR.

Net income for 1Q25 was MX18.7 billion, up 38.6% from the year-earlier period. This increase reflected the rise in operating profit and a slight decrease in comprehensive financing costs compared to 1Q24.

Net financing of MX$10.9 billion, combined with the company's operating cash flow, allowed América Móvil to cover MX$24.7 billion in capital expenditures, MX$3.8 billion in share buybacks, and MX$7 billion in labor obligations during the period.

At the end of March 2025, the company's net debt, excluding leases, stood at MX$500 billion. This represented a net debt-to-EBITDA ratio of 1.50 times.