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FINWIRES

Research Alert: America Movil Reports 25% Jump In Profit, Supported By Strong Wireless Adds

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

America Movil delivered strong Q1 results with net income rising 25.1% to MXP23.4B and earnings of MXP0.39 per share, while revenue increased 2.1% in peso terms but 6.1% at constant currency despite peso strength. Service revenue grew 4.6% at constant rates, led by mobile platform expansion of 6.4% with robust postpaid (+7.3%) and accelerating prepaid (+5.0%) growth across Mexico, Colombia, and Brazil. The company added 3.0M wireless subscribers, all postpaid, while EBITDA climbed 8.0% at constant currency with margin expanding to 39.9%, reflecting disciplined cost management and improving operating leverage. Management noted improving economic conditions in Mexico with rising wages positively affecting prepaid revenues. We believe the company's continued network investments in 5G and fiber expansion, combined with strong balance sheet metrics including conservative 1.41x net debt-to-EBITDA and proposed MXP10B buyback, position AMX well for sustained growth.

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