Mexican Economic Development (Femsa) invests more than one billion dollars – 18.5 billion pesos – each year in capital expenditures in Mexico, said yesterday Jose Antonio Fernández Garza-Lagüera, who in a few days will take over the management of the company.
“I am very optimistic about Mexico. We continue to invest more than a billion dollars each year in capital expenditures in our country. Although some of our long-term international bets are very attractive, Mexico will continue to play a fundamental role in generating value for Femsa in the foreseeable future,” he assured, in a conference with financial analysts.
Despite weak consumption in Mexico, Femsa achieved revenues of 214,638 million pesos during the third quarter of 2025, an annual increase of 9.1 percent.
In its financial report, it reported that in the third quarter of the year fixed investment was 13,128 million pesos, which is equivalent to 6.1 percent of total income, and shows an increase of 8.2 percent compared to the third quarter of last year. These resources were mainly used to increase production and distribution capacity.
Femsa specified that during the first nine months of the year the investment in fixed assets was 31,115 million pesos, a decrease of 2.4 percent compared to the same period in 2024, reflecting a greater investment to increase production and distribution capacity, which was offset by a reduction in the rest of the business divisions, the company explained.
Revenues were driven by growth in Femsa’s business units in Europe and South America: currency effects were also influenced, particularly in Europe, due to the depreciation of the Mexican peso against some operating currencies and the restructuring of the LTL business (less-than-truckloadsmall or consolidated loads).
However, according to the financial report, the quarterly profits of the multinational that manages the Coca-Cola Femsa bottling company and the Oxxo convenience store chain were 5,838 million pesos, 36.8 percent less than in the same period of 2024, when consolidated net profit reached 9,243 million pesos.
Femsa explained in its report that the drop in profits was due to a non-monetary exchange loss of 1,261 million pesos, compared to a profit of 4,254 million in the third quarter of last year.
According to José Antonio Fernández Carbajal, current CEO of Femsa, the company’s results showed a moderate sequential improvement in Mexico during the July-September period, a change in trend compared to the first half of the year, even though they continued to face a complex environment in their main market, where consumption has weakened.
Fernández, who will pass the baton to his son Jose Antonio Fernández Garza-Lagüera on November 1, acknowledged that the new tax on sugary drinks in Mexico starting in 2026 will also be a challenge for the multinational.
“As we enter the final stretch of 2025, we are cautiously optimistic that our results will continue to improve in our business units in the fourth quarter, and we are also preparing for what should be an exciting 2026, which includes a FIFA World Cup that will be played partially in Mexico for the third time, as well as the 100th anniversary of Coca-Cola in Mexico. Our teams are already working hard to prepare for next year,” he stated.