América Móvil posted a strong third quarter, with profit up 7% and sales and EBITDA growth exceeding expectations. Its share price rose approximately 6% in response.
América Móvil announced its third-quarter results, reporting net profit up 7% year on year. Its share price rose approximately 6% in the market after the earnings announcement. Other earnings metrics were also generally stronger than in the previous period.
Due to foreign-exchange effects, comprehensive financial costs rose 75% to 22.57 billion pesos. Foreign-exchange losses offset part of the profit growth, and their potential impact on the full-year profit outlook was also noted.
The customer mix showed a shift toward higher-value contracts. Postpaid contracts increased by 3.1 million, mainly in Brazil, while prepaid contracts declined by 5 million, mainly in Mexico and Colombia. The Mexican government’s registration mandate reportedly affected prepaid contracts.
Revenue growth accelerated to 3.7%, and the acquisition of DESK3’s data communications business was reported as completed. The forward P/E ratio ranged from 11.7 to 12.8 times, and the company’s share price closed at approximately $25. Analysts differed in their interpretation of the profit outlook compared with the market consensus. The next earnings announcement is expected in early 2027.