UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~May~~July 2025 Commission File Number 1-12260

COCA-COLA FEMSA, S.A.B. de C.V.

(Translation of registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

Calle Mario Pani No. 100,
Santa Fe Cuajimalpa,
Cuajimalpa de Morelos,
05348, Ciudad de México,

México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

Yes No X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

Yes No X

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No X

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with

Rule 12g3-2(b): 82-__.

~~Report on the level of adherence~~SECOND toQUARTER ~~the~~2025 ~~Code of Best Corporate Practices~~RESULTS

byINVESTOR RELATIONS Jorge Collazo | jorge.collazo@kof.com Lorena Martin | lorena.martinl@kof.com Bryan Silva | bryan.silva@kof.com Agustin Bolio | agustin.bolio@kof.com kofmxinves@kof.com

Mexico City, July 23, 2025, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA,” “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the second quarter of 2025.

~~(hereinafter~~SECOND ~~referred to~~QUARTER ~~as the “Company”)~~HIGHLIGHTS

~~for~~· ~~the~~Volume ~~fiscal~~declined ~~year ended December 31, 2024~~5.5%.

in· ~~compliance~~Revenue ~~with~~increased ~~the provisions~~5.0%, on a currency neutral basis revenue grew 2.4%.

of· ~~article~~Operating ~~4.033.00,~~income ~~section XI~~remained offlat; ~~the~~on ~~Internal~~a ~~Regulations~~currency ofneutral ~~the~~basis ~~Mexican~~operating ~~Stock~~income ~~Exchange~~decreased ~~(Reglamento Interior~~2.6%.

de· laMajority ~~Bolsa~~net ~~Mexicana~~income dedecreased ~~Valores, S~~5.A3%.~~B. de C.V.)~~

6· Earnings per share1 were Ps. ~~Shareholders’~~0.32 ~~Meetings~~(Earnings per unit were Ps. 2.53 and per ADS were Ps. 25.29.).

6.1 Information and Agenda of the Shareholders’ Meeting.	Yes	No	Comments
1. In the Agenda do you not classify matters related with different subjects? (Best Practice 1)	X
2. In the Agenda do you not include an item of “Miscellaneous Matters”? (Best Practice 1)	X
3. The information with respect to each item in the Agenda is available at least with 15 calendar days in advance? (Best Practice 2)	X
4. Is there a form containing the detailed information and possible voting alternatives in which the shareholders may provide instructions to their proxies with respect to the direction in which they shall exercise their corresponding voting rights in respect of every item in the Agenda? (Best Practice 3)	X
5. In the information made available to the shareholders:
a) Is the proposal of members of the Board of Directors included? (Best Practice 4)	X
b) Is the curriculum of the proposed members with enough information to evaluate their classification and in its case independence included? (Best Practice 4)	X

Reached 8 times more active users in the latest version of Juntos⁺ v 4.0, versus the previous year.

6.2 Information and Communication between the Board of Directors and Shareholders.	Yes	No	Comments
6. The Board of Directors, in its “Annual Report to the Shareholders’ Meeting”, includes relevant aspects of the duties of the intermediate bodies or committees that perform the role of? (Best Practice 5):
a) Audit***.	X
b) Evaluation and compensation.	X

The Company issued a successful transaction of senior notes for a total amount of US$500 million due 2035. These notes were priced at attractive spreads and coupon reflecting strong international investment grade dedicated investor demand, confirming Coca-Cola FEMSA’s financial discipline and strong credit profile.

1FIRST SIX MONTHS HIGHLIGHTS

c) Finance and planning.	X
d) Risk and compliance.	X
e) Corporate Practices***.	X
f) Other (describe).		N/A
7. The reports by each intermediate body or committee submitted to the Board are made available to the shareholders together with the materials for the Shareholders’ Meeting, except for confidential information? (Best Practice 5)	X	Pursuant to article 28, section IV of the Mexican Securities Law, the Board of Directors shall submit to the shareholders at the end of each fiscal year, the reports that the Audit and Corporate Practices Committees submit to the Board.
8. The “Annual Report” submitted to the Shareholders’ Meeting includes the names of the members of each intermediate body? (Best Practice 5)	X
9. The company has the necessary communication mechanisms to allow the shareholders and investors and interested third parties to be properly informed? (Best Practice 6). If yes, please specify the mechanisms and if no, please explain why.	X
a) Specify and/or Explain	The Company has an investor relations department, which reports directly to the Company´s finance department. The Company communicates periodic financial information and relevant events through the electronic system of data transmission (EMISNET) of the Mexican Stock Exchange ("BMV”) and the electronic data gathering, analysis, and retrieval system of the United States Securities and Exchange Commission (SEC) to the public. Also, the Company makes available through its website: www.coca-colafemsa.com, under the section “Investors”, such financial information, press releases, and any other relevant information for the investors, to keep them

Volume declined 3.9%.

2· Revenue increased 6.7%, on a currency neutral basis revenue grew 5.4%.

	informed about the progress of the business and the financial status of the Company. Additionally, the Company presents an annual report of financial and non-financial information (the “Integrated Annual Report 2024”), which provides key information for the decision-making on economic, environmental, social, and corporate governance aspects aligned with Company’s business strategy and sustainability. This document can be found at: https://coca- colafemsa.com/wp- content/uploads/2025/04/integrated_report_KOF-IR-2024- ENG.pdf
10. ¿Is there a procedure to prevent and settle disputes between shareholders and/or members of the board of directors in a peaceful and negotiated manner, prioritizing alternative dispute resolution mechanisms? (Best practice 7)	X		Since we are a company listed on the stock market the procedure to settle these disputes is set forth in articles 38, 39 and 40 of the Mexican Securities Law (liability actions) and in article 51 of the Mexican Securities Law, as well as in articles 201, 202, 203, 204, 205 and 206 of the Mexican General Corporation Law (opposition to the resolutions of the shareholders’ meeting). In addition, the shareholders’ agreement dated July 6, 2002 which has been amended from time to time, entered into between The Coca Cola Company, some of its subsidiaries and some of FEMSA’s subsidiaries sets forth other mechanisms to prevent and settle conflicts.

Operating income increased 3.3%, on a currency neutral basis operating income grew 0.7%.

~~***~~· ~~Mandatory~~Majority ~~task~~net ~~for~~income ~~publicly~~decreased ~~traded companies, which may be together with other functions or in a single committee~~1.4%.

7· Earnings per share1 were Ps. ~~Board~~0.62 of(Earnings ~~Directors~~per unit were Ps. 4.97 and per ADS were Ps. 49.74.).

FINANCIAL SUMMARY FOR THE SECOND QUARTER RESULTS
Change vs. same period of last year
		Total Revenues		Gross Profit		Operating Income		Majority Net Income
		2Q25	YTD 2025	2Q25	YTD 2025	2Q25	YTD 2025	2Q25	YTD 2025
As Reported	Consolidated	5.0%	6.7%	3.4%	6.9%	0.2%	3.3%	(5.3%)	(1.4%)
	Mexico & Central America	0.5%	2.5%	(2.5%)	1.1%	(6.3%)	(5.7%)
	South America	13.2%	13.7%	16.2%	17.9%	19.6%	24.9%

Comparable ⁽²⁾	Consolidated	2.4%	5.4%	0.9%	5.3%	(2.6%)	0.7%
	Mexico & Central America	(1.9%)	(0.7%)	(4.8%)	(1.9%)	(8.6%)	(8.8%)
	South America	10.3%	15.7%	13.1%	19.7%	14.9%	24.0%

7.1 Duties of the Board of Directors.	Yes	No	Comments
11. The Board of Directors performs the following duties? (Best Practice 8)
a) Verifies that all shareholders:
i. Are treated equally.	X
ii. Their rights are protected.	X
iii. Their interests are protected.	X
iv. Have access to the information of the company.	X
b) Ensures social and economic value creation for the shareholders, as well as the continuity of the company.	X
c) Promotes that the company considers interested third parties in the decision making process. The following are deemed to be interested third parties:
i. Employees	X
ii. Clients	X
iii. Suppliers	X
iv. Creditors	X
v. The community in which the company operates	X
vi. Other interested third parties	X
d) Ensures that the business is conducted in an honest and responsible manner.	X

Ian Craig, Coca-Cola FEMSA’s CEO, commented:

4“During the second quarter, we navigated a challenging environment marked by a softer macroeconomic backdrop in Mexico and adverse weather conditions in Mexico and Brazil. However, despite a tougher than expected first half of the year, we are encouraged by our improved competitive position, and we maintain our long-term perspectives unchanged. As we look ahead to the second half of the year, we will make learnings and adjustments to our plans that will deliver long-term value. Importantly, we will continue investing in capacity and capabilities to support our future growth.

~~e) Defines~~ While the ~~strategic~~current ~~course~~operating ofenvironment ~~the~~remains ~~business.~~complex, Xwe f)are ~~Monitors~~confident ~~the~~in ~~company’s~~our ~~operation.~~resilient Xprofile g)and ~~Approves~~in the ~~management~~several ofinitiatives ~~the~~we ~~company.~~are Ximplementing across h)our ~~Includes~~markets—from ~~the~~commercial, ~~innovation~~financial, ~~as part of the company’s culture~~ and ~~way~~supply ~~of thinking~~chain. XWe i)are leveraging ~~Appoints~~our ~~the~~capabilities ~~chief executive officer~~ and ~~relevant~~our ~~officers~~strong ofpartnership ~~the~~with ~~company. X j) Evaluates and approves the performance of the chief executive officer and relevant officers of the company. X k) Promotes: i.~~ The ~~responsible~~Coca-Cola ~~release~~Company of information. X ii. The responsible disclosure of information. X iii. The management transparency of the business. X l) Promotes the establishment of internal control mechanisms. X m) Promotes the establishment of mechanisms to ~~ensure~~deliver ~~the~~long-term ~~quality~~sustainable ofgrowth ~~the information. X n) Establishes policies~~ for ~~related~~all ~~party transactions~~our stakeholders. ~~X o) Approves transactions with related parties. X p) Promotes the establishment of a succession plan for: i. The chief executive officer; X~~”

(1) Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

ii. The relevant officers.	X
q) Ensures the establishment of mechanisms for:
i. Risk identification;	X
ii. Risk analysis;	X
iii. Risk management;	X
iv. Risk control;	X
v. Adequate risk disclosure.	X
r) Ensures the establishment of plans for the continuance of the business.	X
s) Monitors the existence of plans to recover lost information in case of disaster.	X
t) Promotes that the company be socially responsible. The way(s) in which the company is socially responsible is(are):	X
i. Actions with the community;	X	The Company´s Sustainability Framework is evaluated and updated regularly. In 2023, an updated model was presented, strengthening the foundation of our last strategic model. This updated framework is now aligned in a more precise way with the strategic direction of FEMSA and The Coca-Cola Company, which guarantees a uniform approach on sustainability that resonates with our core values and business objectives. Thanks to our innovative approach, we are better positioned to address current challenges and to take advantage of future opportunities, boosting growth and sustainable impact in all aspects of our operations.

⁽²⁾

Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

6Coca-Cola FEMSA Reports 2Q25 ResultsJuly 23, 2025 Page 2 of 17

At the heart of this framework are seven key pillars: Water Stewardship, World Without Waste, Climate Action, Product Portfolio, Sustainable Sourcing, Integral Employee Well-being, and Community Development. This comprehensive approach fortifies the integration of social, economic, and environmental value creation into every facet of our operations, acknowledging the link between sustainable practices and the ability to generate long-term value for all stakeholders. Underpinning these pillars are three transversal concepts that serve as the bedrock of our framework: Culture, Human Rights, Diversity, Equity, and Inclusion, and Ethics and Governance. These concepts ensure that sustainability permeates across our organization. They highlight our commitment to creating a workplace and a world that respects human rights, celebrates diversity, and upholds the highest ethical standards. There is a Sustainability Committee specifically created to direct our strategy in ESG topics. Top executives helmed the project, including our CEO, CFO, a COO, CHRO, Supply Chain and Engineering Officer, and Corporate Affairs Officer, along with members from the FEMSA Sustainability team. The committee’s diverse, informed perspectives ensured a comprehensive approach and integrated a culture of action into our sustainability vision. The full details of our strategy and actions carried out in each of our pillars can be found in the Integrated Annual Report 2024. The Integrated Annual Report 2024 adheres to the guidelines provided by the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards (SASB)RECENT DEVELOPMENTS

7· On May 1, 2025, Coca-Cola FEMSA issued senior notes for a total amount of US$500 million principal amount of senior notes due 2035. The Company priced the notes at US 10 Year Treasury +93 basis points and a coupon of 5.100%. The transaction was closed on May 6, 2025, and received broad participation from investment grade dedicated investors, confirming Coca-Cola FEMSA’s financial discipline and strong credit profile. KOF intends to use the net proceeds from the sale of the Notes for general corporate purposes, which may include the funding of working capital and capital expenditures, and the repayment of indebtedness

~~for~~· ~~reporting~~On ~~results~~July ~~with the corresponding external verification of the information filed. Likewise~~16, ~~the Integrated Annual Report 2024 was prepared considering the recommendations of the indexes and rankings to which the Company belongs~~2025, asCoca-Cola ~~well~~FEMSA aspaid the ~~Task~~second ~~Force~~installment ~~on Climate-Related Financial Disclosures (TCFD). The Company is a member~~ of the ~~Dow~~ordinary ~~Jones~~dividend ~~Sustainability~~approved ~~Index~~for ~~MILA~~Ps. ~~Pacific Alliance, FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index, among others~~0.23 Inper ~~the strategic sustainability framework~~share, ~~the~~for ~~Company has~~ a ~~prioritizing~~total ~~commitment~~cash todistribution the community, called “Community Development,” which reflects that communities cannot be treated as something completely different from the Company´s operations: sustainable growth for the Company requires sustainable growth for the communities in which it operates. The Company is determined to promote the development of ~~the communities in which it operates~~Ps. ~~Therefore~~3, ~~the Company actively collaborates with communities in all of its operations to develop sustainable solutions that meet local needs~~865.5 Activities carried out throughout the ecosystem, include strategic volunteering through the Company´s human capital to boost the economic development of SMEs (small and medium-sized enterprises) within the community, promoting access to water, as well as interacting with local authoritiesmillion. ~~This methodology supports the alignment of corporate governance and community initiatives and define standards that support~~

8· Coca-Cola FEMSA has been included in the FTSE4Good sustainability indices for the tenth consecutive year, achieving a score of 3.9 out of 5.0—an improvement from last reported score of 2.9. This performance demonstrates progress across all evaluated categories and enhanced transparency in our integrated report, positioning the company above the consumer goods industry and beverage subsector averages.

~~community~~CONFERENCE CALL ~~engagement performance and compliance. More information on the Company's actions in the community, can be found in the Integrated Annual Report 2024 at: Coca-Cola FEMSA 2024 Integrated Report~~INFORMATION

ii. Changes in mission and vision;	X
iii. Changes in the company’s business strategy;	X
iv. Consideration of third parties involved;	X
v. Other:	N/A
u) Promotes that the company states its ethical principles and the disclosure of wrongful acts, as well as the protection for the informants, with actions like:	X
i. Code of Ethics.	X	The Coca-Cola FEMSA Code of Ethics is the basis of our corporate behavior and the foundation of our policies, procedures, and guidelines. It has been approved by the Board of Directors, which has also authorized its issuance and its continuous updating, which is necessary due to changes in the social environment. You can consult our Code of Ethics at: KOF_Codigo_de_etica_english_ALTA_sep_ 2024.pdf
ii. Promotion and application of the Code internally and externally.	X
iii. Whistleblower mechanism of violations to the Code.	X	Reports of violations to the Code of Ethics may be submitted through the KOF´s Ethics Line, which is administered by an external company. All employees, directors and third

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 3 of 17

9CONSOLIDATED SECOND QUARTER RESULTS

			parties with whom Coca-Cola FEMSA has a relationship can use the KOF´s Ethics Line. Reports through the KOF’s Ethics Line may be submitted through the webpage, or phone calls.
CONSOLIDATED SECOND QUARTER RESULTS
iv. Protection mechanism for the informants.	X
		As Reported			Comparable (1)
v. Others:	N/A
Expressed in millions of Mexican pesos		2Q 2025	2Q 2024	Δ%	Δ%
v) Verifies that the company has the necessary mechanisms that confirms its compliance with different applicable legal provisions?	X
Total revenues		72,917	69,456	5.0%	2.4%
w) Maintains a mechanism for the prevention of fraudulent transactions and conflicts of interest.	X
Gross profit		33,042	31,961	3.4%	0.9%
12. For purposes of having transparent authorities and responsibilities, the activities of the senior management are separated from those of the Board of Directors? (Best Practice 9)	X
Operating income		9,767	9,746	0.2%	(2.6%)
Adj. EBITDA (2)		13,388	13,922	(3.8%)	(6.3%)

7.2 Composition of the Board of Directors.	Yes	No	Comments
13. How many directors comprise the Board of Directors? (Best Practice 10, Mexican Securities Market Law) ***	16		As of the date of the Company´s shareholders meeting of April 8, 2025, the Board of Directors of the Company was comprised by 16 directors, of which 9 are directors appointed by Series “A” shares, 4 by Series “D” shares and 3 by Series “L” shares.
14. If applicable, how many alternate directors comprise the Board of Directors? (Best Practice 11)	7
15. If alternate directors, please indicate:
a) Each proprietary director suggests who should be appointed as its alternate director? (Best Practice 11)	X

Volume decreased 5.5% to 1,035.3 million unit cases, driven mainly by volume declines in Mexico, Brazil, Colombia, and Panama. These declines were partially offset by volume increases in Argentina, Uruguay, Guatemala, and Nicaragua.

10Total revenues increased 5.0% to Ps. 72,917 million. This increase was driven mainly by revenue management initiatives and favorable currency translation effects from most of our operating currencies into Mexican pesos. Excluding currency translation effects, total revenues increased 2.4%.

b) Each independent proprietary director has an alternate director who is also independent? (Best Practice 11)	X	Not all independent proprietary directors have an alternate director; however, independent proprietary directors who do have an alternate director, are independent.
16. Is there a communication process established between the proprietary directors and its alternates that allows them to have an effective participation? (Best Practice 11)	X
17. The independent directors upon appointment deliver to the Chairman of the Shareholders’ Meeting a Statement of compliance with the requirements of independence such as: (Best Practice 12)
a) Compliance with the independence requirements	X
b) Statement of being free from conflicts of interest	X
c) Not having conflicting loyalties	X
18. The independent directors represent at least 25% of all the directors? (Best Practice 13)	X
19. From the total of the proprietary members of the Board of Directors, how many are (Best Practices 13):
a) Independent. (Director who complies with the statutory independence requirements).	8
b) Equity. (Shareholders that are part of the controlling group, but not part of the management).	1
c) Equity independent. (Shareholders without significant influence neither control power, and who are not part of the management of the company).	0
d) Related. (Director who is only an officer of the company).	7
e) Equity Related. (Shareholders who are also officers of the company)	0

Gross profit increased 3.4% to Ps. 33,042 million, and gross margin contracted 70 basis points to 45.3%. This contraction was driven mainly by lower operating leverage, unfavorable mix effects, and higher fixed costs such as labor, coupled with the depreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by lower sweetener costs and raw material hedging initiatives. Excluding currency translation effects, gross profit increased 0.9%.

11Operating income increased 0.2% to Ps. 9,767 million, and operating margin contracted 60 basis points to 13.4%. This margin contraction was driven mainly by higher operating expenses such as labor and maintenance, coupled with an increase in marketing and depreciation. These effects were partially offset by cost and expense efficiencies, an operating foreign exchange gain, and lower freight expenses. Excluding currency translation effects, operating income decreased 2.6%.

20. The independent and equity directors, as a whole, constitute at least 60% of the Board of Directors? (Best Practice 14)		X	They constitute the 56.25%.
21. The incorporation of women in the Board of Directors is considered? (Best Practice 15)	X
a) How many women are part of the Board of Directors?			7
i. Propietary			4
ii. Alternates			3
b) How are they classified?
i. Independent	X		Two of the women who are part of the Board of Directors are classified as Independent.
ii. Equity	X		One of the women who are part of the Board of Directors are classified as Equity.
iii. Equity independent		X
iv. Related	X		Four of the women who are part of the Board of Directors are classified as Related.
v. Equity Related		X
22. In the Annual Report submitted by the Board of Directors it is stated: (Best Practice 16)
a) The classification of each director.		X	The materials made available to shareholders, in preparation for the Annual General Ordinary Shareholders Meeting, include a reference to the status of independence, as well as a brief reference to the professional experience of each proposed director.

⁽¹⁾

Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

12(2) Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

			The Annual General Ordinary Shareholders Meeting is the body that approves and qualifies the independence of the directors.
b) The business experience of each director.	X		The materials made available to shareholders, in preparation for the Annual General Ordinary Shareholders Meeting, include a reference to the status of independence, as well as a brief reference to the professional experience of each proposed director. The Annual General Ordinary Shareholders Meeting is the body that approves and qualifies the independence of the directors.
***: Publicly traded companies cannot have more than 21 directors.
7.3 Board of Directors’ Structure. For the compliance of its duties, the Board of Directors may create one or more committees to support it. On each of the following duties, in comments you should indicate the body that executes it or, if applicable, explain why is it not executed (Best Practice 17)	Yes	No	Comments
23. In order to make more informed decisions, indicate if the following duties are executed by the Board of Directors (Best Practice 17):
a) Audit***.	X
b) Evaluation and Compensation.	X
c) Finance and Planning.	X
d) Corporate Practices.***	X
e) Risk and Compliance.	X
f) Others. (describe)	N/A

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 4 of 17

13Comprehensive financing result recorded an expense of Ps. 1,189 million, compared to an expense of Ps. 885 million in the previous year. This increase was driven mainly by a higher interest expense, net, of Ps. 1,475 million as compared to Ps. 1,157 million in the same period of the previous year driven by higher interest expenses mainly related to the U.S. dollar-denominated bond due 2035 issued during the second quarter, coupled with an increase in interest rates in Brazil and new financing in Colombia.

24. Indicate which committee executes each of the following tasks
a) Audit***	Audit Committee
b) Evaluation and Compensation	Corporate Practices Committee
c) Finance and Planning	Finance and Planning Committee
d) Corporate Practices***	Corporate Practices Committee
e) Risk and Compliance	Audit Committee
f) Others (describe)	N/A
25. Indicate the number of proprietary directors that comprise each of the intermediate bodies (Best Practice 18)
Audit***	3
Evaluation and Compensation	N/A
Finance and Planning	5
Corporate Practices***	2
Risk and compliance	N/A
Other. (describe)	N/A
26. How frequently these intermediate bodies inform their activities to the Board of Directors? (Best Practice 18)

In addition, we recognized a lower foreign exchange gain of Ps. 55 million in the second quarter of 2025 as compared to a gain of Ps. 177 million in the same period of the previous year. The gain this year was driven mainly by the quarterly appreciation of the Mexican Peso as applied to our U.S. dollar-denominated net debt position. This effect was partially offset by the quarterly appreciation of the Brazilian Real as applied to our U.S. dollar-denominated cash position in Brazil.

14On the other hand, we recorded a higher gain in financial instruments of Ps. 154 million, as compared to Ps. 61 million recorded in the same period of the previous year, and a higher gain in monetary positions in inflationary subsidiaries related to Argentina for Ps. 77 million as compared to a gain of Ps. 34 million recorded in the same period of the previous year.

a) Audit***	Quarterly
b) Evaluation and Compensation.	Quarterly		This function is executed by the Corporate Practices Committee
c) Finance and Planning.	Quarterly
d) Corporate Practices***	Quarterly
e) Risk and Compliance	N/A
f) Others. (describe)	N/A
27. The chairman of each intermediate body calls the officers of the company to its meetings whose responsibilities are related to the duties of the intermediate body? (Best Practice 18)	X
28. All of the independent directors participate in any of the intermediate bodies? (Best Practice 18)	X
29. If the answer to the above question was negative, explain why.
30. The intermediate body in charge of the audit is chaired by an independent director who has knowledge and experience in financial and accounting aspects? (Best Practice 18)	X	Victor Alberto Tiburcio Celorio is the chairman of the Audit Committee and has a degree in Accounting from the Universidad Iberoamericana and an MBA from the Instituto Tecnológico Autónomo de México, and has a vast experience in accounting and audit issues.
31. If the answer to the above question was negative, explain why.

Income tax as a percentage of income before taxes was 36.2% as compared to 34.9% during the same period of 2024. This increase was driven mainly by non-recurring effects from previous fiscal years coupled with non-creditable taxes.

~~***~~Net income ~~Mandatory~~attributable ~~task~~to ~~for~~equity ~~publicly~~holders ~~traded~~of ~~companies~~the company was Ps. 5,312 ~~which~~million as compared to Ps. 5,608 million during the same ~~may~~period beof ~~performed~~the ~~together~~previous ~~with~~year. ~~other~~This ~~functions~~decrease orwas driven mainly by the increase in athe ~~single~~comprehensive ~~committee~~financing results. Earnings per share1 were Ps. 0.32 (Earnings per unit were Ps. 2.53 and per ADS were Ps. 25.29.).

7.4 Operation of the Board of Directors.	Yes	No	Comments
32. How many meetings the Board of Directors have during each fiscal year? (Best Practice 19)	4		At least 4

⁽¹⁾

Quarterly earnings / outstanding shares. Earnings per share (EPS) were calculated using 16,806.7 million shares outstanding. For the convenience of the reader, as a KOFUBL Unit is comprised of 8 shares (3 Series B shares and 5 Series L shares), earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units.

15Coca-Cola FEMSA Reports 2Q25 ResultsJuly 23, 2025 Page 5 of 17

33. If the answer to the above question was less than 4, explain why:
a) The information is not provided on time.
b) It is customary.
c) It is not given the importance.
d) Others (describe):
34. Are there any provisions by which with the agreement of 25% of the directors or the Chairman of any intermediate body a Board meeting may be called? (Best Practice 29)	X
35. If the answer to the above question was affirmative, please describe such provisions.	Article 27 of the Mexican Securities Law and article 27 of our bylaws establish that the Chairman of the Corporate Practices Committee, Audit Committee or 25% of the directors may call a Board meeting.
36. With how many days in advance do the members of the board have access to the information that is relevant and necessary for the decision making process, in accordance with the Agenda? (Best Practice 21)	5		With at least 5 business days in advance.
37. Is there a mechanism that ensures that directors may evaluate matters that require confidentiality even if they do not receive the necessary information with at least 5 business days prior to the meeting as provided by the Code for non-confidential matters? (Best Practice 21)	X
38. If the answer to the above question is affirmative, select which (is) are the mechanism(s)?
a) By telephone.		X	The proprietary directors may request all the necessary information to be able to discuss, evaluate and make decisions during the meeting.
b) By e-mail.	X
c) By Intranet.		X

CONSOLIDATED FIRST SIX MONTHS RESULTS

CONSOLIDATED FIRST SIX MONTHS RESULTS

	As Reported			Comparable ⁽¹⁾
Expressed in millions of Mexican pesos	YTD 2025	YTD 2024	Δ%	Δ%
Total revenues	142,703	133,685	6.7%	5.4%
Gross profit	64,716	60,561	6.9%	5.3%
Operating income	18,986	18,380	3.3%	0.7%
Adj. EBITDA ⁽²⁾	26,584	25,949	2.4%	1.3%

d) By printed document.		X	In addition, our Comptroller department verifies that the information is sent to the directors and is available before the meeting.
e) Others (describe):
39. New directors are provided with the necessary information in order for them to be up to date on the matters of the company and they may fulfill their new responsibility? (Best Practice 22)	X		The new director receives complete information on the status of the Company including annual reports from previous years and meetings are scheduled for such director with the relevant officers, who explain the status of the Company and answer any question asked by the incoming director.

Volume decreased 3.9% to 2,021.8 million unit cases, driven mainly by volume declines in Mexico and Colombia. These declines were partially offset by increases in Argentina, Uruguay, and Guatemala and a flattish performance in Brazil.

17Total revenues increased 6.7% to Ps. 142,703 million. This increase was driven mainly by revenue management initiatives and favorable currency translation effects from most of our operating currencies into Mexican pesos. Excluding currency translation effects, total revenues increased 5.4%.

7.5 Duties of the Directors.	Yes	No	Comments
40. Each member of the Board is given the necessary information with respect to the obligations, responsibilities and rights that imply to be member of the Board of Directors of the company? (Best Practice 23)	X
41. Directors inform to the Chairman and other members of the Board of Directors any situation where it exists or that may result in a conflict of interest, abstaining from participating in the corresponding discussions? (Best Practice 24)	X
42. Directors use the company’s assets or services only for the performance of its corporate purpose? (Best Practice 24)	X
43. If applicable, clear policies are defined for when directors could exceptionally use the company’s assets for personal matters? (Best Practice 24)	X
44. Directors invest the necessary time and attention to their duties by attending at least 70% of the meetings to which they are called? (Best Practice 24)	X
45. Is there a mechanism that ensures that the directors maintain absolute confidentiality about all the information they receive in the performance of their duties, especially with respect to their own participation and the participation of the other directors, in the discussions that take place in the Board meetings? (Best Practice 24)	X
46. If the answer to the above question is affirmative, explain such mechanism:
a) Confidentiality agreement.	X		The secretary of the Board of Directors periodically reminds the directors of the scope of their confidentiality obligation.
b) Exercise of its fiduciary duties.
c) Others (describe):

Gross profit increased 6.9% to Ps. 64,716 million, and gross margin expanded 10 basis points to 45.4%. This performance was driven mainly by lower sweetener costs, top-line growth, and raw material hedging initiatives. These effects were partially offset by higher fixed costs, such as labor, and the depreciation of most of our operating currencies as applied to our U.S. dollar-denominated raw material costs. Excluding currency translation effects, gross profit increased 5.3%.

Operating income increased 3.3% to Ps. 18,986 million, and operating margin contracted 40 basis points to 13.3%. This margin contraction was driven mainly by lower operating leverage, driven by an increase in expenses such as labor, maintenance, marketing, and depreciation. These effects were partially offset by lower freight expenses. Excluding currency translation effects, operating income increased 0.7%.

47. Proprietary directors and, if applicable, their respective alternate directors, keep each other informed about the matters discussed in the meetings of the Board of Directors in which they participate? (Best Practice 24)	X
48. Proprietary directors and, if applicable, their respective alternate directors, assist the Board of Directors with opinions and recommendations resulting from the analysis of the performance of the company; in order for the decisions to be taken in a properly sustained manner? (Best Practice 24)	X
49. Is there a performance assessment and compliance of responsibilities and fiduciary duties mechanism for directors? (Best Practice 24)		X

⁽¹⁾

Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

8.(2) ~~Audit~~Adjusted ~~Committee’s~~EBITDA ~~Duties~~= operating income + depreciation + amortization & other operating non-cash charges.

8.1 General Duties.	Yes	No	Comments
50. The intermediate body that is responsible for the audit executes the following tasks? (Best Practice 25)
a) Recommends to the Board of Directors:
i. The candidates for external auditors of the company.	X
ii. The hiring conditions.	X
iii. The scope of their professional services.	X
b) Recommends to the Board of Directors the approval of additional services to the external audit.	X
c) Supervises the compliance of the professional services of the external auditors.	X
d) Evaluates the performance of the company that provides the services of external audit.	X

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 6 of 17

19Comprehensive financing result recorded an expense of Ps. 2,308 million, compared to an expense of Ps. 2,080 million in the same period of the previous year. This increase was driven mainly by a higher interest expense, net, of Ps. 2,749 million as compared to Ps. 2,341 million in the same period of the previous year as a result of higher interest expense mainly driven by our U.S. dollar-denominated bond due 2035 issued during the second quarter, coupled with an increase in interest rates in Brazil and new financing in Argentina and Colombia.

e)In ~~Analyses the opinions or reports prepared by the external auditor~~addition, ~~such~~we ~~as:~~recognized i.a ~~Rulings.~~foreign exchange Xloss ~~ii.~~of ~~Opinions~~Ps. X1 ~~iii.~~million ~~Reports.~~as Xcompared ~~iv.~~to ~~Statements. X f) Meets at least once~~ a ~~year~~gain ~~with~~of ~~the~~Ps. ~~external~~204 ~~auditor~~million ~~without~~in the ~~attendance~~same ofperiod ~~officers~~ of the ~~company.~~previous Xyear, g)this Itgain isin the ~~channel~~previous year ofwas ~~communication~~driven ~~between~~mainly by the ~~Board~~appreciation of ~~Directors and~~ the ~~external~~Brazilian ~~auditors.~~Real ~~X h) Ensures the independence~~ and ~~impartiality of~~ the ~~external~~Mexican ~~auditors.~~Peso Xas i)applied ~~Reviews~~to i.our ~~Work plan~~U. ~~X ii~~S. ~~Letters~~dollar-denominated ~~with~~cash ~~any~~position during ~~comments or requirements. X iii. Internal control reports. X j) Meets periodically with~~ the ~~internal~~same ~~auditors,~~period ~~without the attendance~~ of the ~~officers~~previous ~~of the company, to know about: i~~year. ~~Work plan. X ii. Comments and observations to the work in progress. X iii. Others:~~

20These effects were partially offset by a higher gain in financial instruments of Ps. 288 million as compared to a gain of Ps. 15 million in the same period of the previous year, resulting from a decrease in the floating interest rate as compared to the previous year.

k)Finally, ~~Provides~~we ~~its~~recognized ~~opinion~~a tohigher gain ~~the~~in ~~Board~~monetary ofpositions ~~Directors about the policies and criteria used~~ in ~~the~~inflationary ~~preparation~~subsidiaries ofrelated ~~the financial information, as well as the issuance process. X l) Contributes~~ to ~~the~~Argentina ~~definition of the general guidelines of internal control and internal audit and evaluates its effectiveness. X m) Verifies the compliance of the mechanisms established~~ for ~~risk control to which the company is subject~~Ps. X154 n)million ~~Coordinates~~as ~~the~~compared ~~tasks of the external and internal auditors and the statutory examiner. X o) Verifies that the company has the necessary mechanisms~~ to ~~comply with the different provisions to which it is subject. X p) The frequency with which the company conducts~~ a ~~review~~gain ~~to inform the Board~~ of ~~Directors~~Ps. ~~about~~42 ~~the~~million in ~~legal situation of~~ the same. ~~Twice~~period ~~a year. q) Contributes to the establishment~~ of ~~policies for related party transactions. *** X r) Analyses and evaluates~~ the ~~operations~~previous ~~with related parties to recommend its approval to the Board of Directors~~year. *** X s) Decides the employment of third party experts to provide their opinion with respect to related party transactions or any other matter, which allows the adequate performance of its duties.*** X t) Verifies the compliance of the Code of Ethics. X u) Verifies the compliance of the disclosure mechanism of illegal acts and protection of whistle blowers. X v) Supports the Board of Directors in the analysis of contingency plans and information recovery. X

~~Note~~Income tax ***:as ~~Publicly~~a ~~traded~~percentage ~~companies~~of ~~carry~~income ~~out~~before ~~these~~taxes was 34.8% as compared to 32.9% during the same period of 2024. This increase was ~~recommendations~~driven ~~through~~mainly ~~their~~by ~~Corporate~~non-recurring ~~Practices~~effects ~~Committee~~from previous fiscal years coupled with non-creditable taxes and inflationary effects.

21Net income attributable to equity holders of the company was Ps. 10,450 million as compared to Ps 10,598 million during the same period of the previous year. This decrease was driven mainly by higher comprehensive financing result and higher income taxes that were partially offset by a slight increase in our operating income. Earnings per share1 were Ps. 0.62 (Earnings per unit were Ps. 4.97 and per ADS were Ps. 49.74).

8.2 Election of Auditors.	Yes	No	Comments
51. It abstains from engaging firms in which the fees for the external audit and other additional services rendered to the company, represent a percentage more than or equal to 10% of their total income? (Best Practice 26)	X
52. Rotation:
a) Is there a rotation of the partner who audits the financial statements at least once every 5 years? (Best Practice 27)	X
b) Is there a rotation of the work team who audits the financial statements at least once every 5 years? (Best Practice 27)	X
53. The person who signs the audit report of the company’s annual financial statements is different from the one who acts as statutory examiner? (Best Practice 28) ***		X	N/A The Company does not have an examiner.
54. The profile of the statutory examiner is disclosed in the annual report submitted to the Shareholders’ Meeting by the Board of Directors? (Best Practice 29) ***		X	N/A The Company does not have an examiner.

⁽¹⁾

~~Note~~Coca-Cola ***:FEMSA ~~For~~Reports ~~publicly~~2Q25 ~~traded~~ResultsJuly ~~Companies~~23, ~~this~~2025 ~~practice does~~Page ~~not~~7 ~~apply.~~of 17

8.3 Financial Information.	Yes	No	Comments
55. With its opinion, the intermediate body in charge of the audit supports the Board of Directors so that the Board takes decisions with reliable financial information? (Best Practice 30)	X
56. Such financial information, is executed by: (Best Practice 30)
a) The Chief Executive Officer.	X
b) The officer responsible of its preparation.	X
57. The company has an internal audit department? (Best Practice 31)	X

MEXICO & CENTRAL AMERICA DIVISION SECOND QUARTER RESULTS

22(Mexico, Guatemala, Costa Rica, Panama, and Nicaragua)

58. If the previous answer is affirmative, please indicate whether its general guidelines and work plans are approved by the Board of Directors. (Best Practice 31) X 59. The intermediate body in charge of the audit, previously provides its opinion to the Board of Directors for the approval of the accounting policies and criteria used in the preparation of the financial information of the company? (Best Practice 32) X 60. The intermediate body in charge of the audit provides its opinion to the Board of Directors for the approval of the changes made to the accounting policies and criteria used in the preparation of the financial information of the company? (Best Practice 33) X 61. The Board of Directors approves, with the prior opinion of the audit committee, the necessary mechanisms to ensure the quality of the financial information that is presented to it? (Best Practice 34) X 62. In the event the financial information corresponds to intermediate periods during the fiscal year, the audit committee supervises that it is made with the same policies, criteria and practices with which the annual information is prepared? (Best Practice 34) X

MEXICO & CENTRAL AMERICA DIVISION RESULTS

	As Reported			Comparable ⁽¹⁾
Expressed in millions of Mexican pesos	2Q 2025	2Q 2024	Δ%	Δ%
Total revenues	45,306	45,067	0.5%	(1.9%)
Gross profit	21,404	21,948	(2.5%)	(4.8%)
Operating income	6,829	7,291	(6.3%)	(8.6%)
Adj. EBITDA ⁽²⁾	8,926	9,882	(9.7%)	(11.8%)

8.4 Internal Control.	Yes	No	Comments
63. The general guidelines of internal control and, if applicable, the review to such guidelines are submitted for the approval of the Board of Directors, with the prior opinion of the intermediate body in charge of the audit? (Best Practice 35)	X
64. The Board of Directors is supported to? (Best Practice 36)
a) Ensure the effectiveness of the internal control.	X		Representatives of the internal audit department work together with the Audit Committee and the external auditors to analyze the effectiveness of the control system. Periodically reports are prepared and sent to the members of the audit committee in advance, prior to its meetings.
b) Ensure the process of issuance of the financial information.	X

Volume declined 8.4%, driven by volume decreases in Mexico and Panama that were partially offset by volume growth in Guatemala, Nicaragua, and Costa Rica. This volume decline was driven mainly by unfavorable weather conditions and a challenging comparison base from the previous year.

23Total revenues increased 0.5% to Ps. 45,306 million. This performance was driven mainly by revenue management initiatives and the favorable currency translation effect from all our operating currencies into Mexican pesos, which were offset by a volume decline. Excluding currency translation effects, total revenues decreased 1.9%.

65. The internal and external auditors: (Best Practice 37)
a) Evaluate, according to their normal work plan, the effectiveness of the internal control, as well as the process of issuance of the financial information?	X
b) Are the results included in the reporting letters informed and reviewed with them?	X

Gross profit decreased 2.5% to Ps. 21,404 million, and gross margin contracted 150 basis points to 47.2%. This margin contraction was driven mainly by unfavorable mix effects and higher fixed costs such as labor, coupled with the depreciation of the Mexican Peso as applied to our U.S. dollar-denominated raw material costs. These effects were partially offset by lower sweetener costs and raw material hedging initiatives. Excluding currency translation effects, gross profit decreased 4.8%.

8.5 Related Parties.	Yes	No	Comments
66. The intermediate body in charge of the audit supports the Board of Directors in? (Best Practice 38) ***
a) The establishment of policies for transactions with related parties.	X
b) The analysis of the approval process of the transactions with related parties.	X
c) The analysis of engagement conditions for transactions with related parties.	X
67. The intermediate body in charge of the audit assists the Board of Directors in the analysis of the proposals to carry out transactions with related parties outside of the company’s ordinary course of business? (Best Practice 39) ***	X
68. The transactions with related parties outside of the ordinary course of business that may represent more than 10 percent of the consolidated assets of the company are submitted for approval to the Shareholders’ Meeting? (Best Practice 39) ***		X	Our bylaws provide that any transaction that exceeds 20% of the consolidated assets must be approved by the Shareholders' Meeting. Additionally, our bylaws provide that any operation with a related party out of the ordinary course of business is subject to the Board of Directors’ approval.
Note ***: Publicly traded companies carry out these recommendations through its Corporate Practices Committee.
8.6 Review of compliance of provisions.	Yes	No	Comments

Operating income decreased 6.3% to Ps. 6,829 million, and operating margin contracted 110 basis points to 15.1%. This margin contraction was driven mainly by lower operating leverage, coupled with an increase in expenses such as labor, maintenance, marketing, and depreciation. These effects were partially offset by a decrease in freight expenses and operating foreign exchange gain. Excluding currency translation effects, operating income decreased 8.6%.

24(1) Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

69. The intermediate body in charge of the audit makes sure of the existence of mechanisms that allow determining if the company properly complies with applicable legal provisions? (Best Practice 40)	X
70. If the answer to the above question is affirmative, select those mechanisms.
a) Due diligence.		X
b) Reports of pending legal matters.	X
c) Others (describe):

⁽²⁾Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

25Coca-Cola FEMSA Reports 2Q25 ResultsJuly 23, 2025 Page 8 of 17

~~9.0~~SOUTH AMERICA ~~Evaluation~~DIVISION ~~and~~Second ~~Compensation’s Duties.~~QUARTER RESULTS

9.1 General Duties.	Yes	No	Comments
71. The intermediate body in charge of the evaluation and compensation duties submits to the Board of Directors, for its approval, the following? (Best Practice 41)
a) The criteria to appoint or remove the Chief Executive Officer and the relevant officers of the company. ***	X
b) The criteria for the evaluation and compensation of the Chief Executive Officer and the relevant officers of the company. ***	X
c) The criteria to determine the severance payment for the Chief Executive Officer and the relevant officers of the company.	X
d) The criteria to ensure that the talent and structure of the company are in line with the Strategic Plan approved by the Board of Directors.	X
e) The criteria to define the profile, as well as the appointment, evaluation of performance and compensation of the Directors.	X
f) The proposal made by the Chief Executive Officer about the structure and criteria for the compensation of the company’s personnel.	X
g) The Code of Business Conduct and Ethics of the company.	X		This duty is executed by the Audit Committee
h) The information system for illegal acts and protection of the whistle blowers, as well as its proper operation.	X		This duty is executed by the Audit Committee
i) The formal succession plan for the Chief Executive Officer and relevant officers, and verifies its compliance.	X
72. The Chief Executive Officer and relevant officers abstain from participating in the discussions of the matters mentioned in question 71, a), b) and c) with the purpose of preventing a possible conflict of interest? (Best Practice 42)	X

(Brazil, Argentina, Colombia, and Uruguay)

Note ***: Publicly traded companies carry out these recommendations through its Corporate Practices Committee.

SOUTH AMERICA DIVISION RESULTS

	As Reported			Comparable ⁽¹⁾
Expressed in millions of Mexican pesos	2Q 2025	2Q 2024	Δ%	Δ%
Total revenues	27,611	24,389	13.2%	10.3%
Gross profit	11,639	10,014	16.2%	13.1%
Operating income	2,937	2,455	19.6%	14.9%
Adj. EBITDA ⁽²⁾	4,462	4,040	10.4%	7.3%

26Volume declined 0.5% to 398.4 million unit cases, driven mainly by volume declines in Brazil and Colombia that were partially offset by volume growth in Argentina and Uruguay.

9.2 Operational Matters.	Yes	No	Comments
73. In determining the compensation of the Chief Executive Officer and the relevant officers the following are considered: matters related to their duties, scope of their goals and evaluation of their performance, their contribution to the results and if they are in line with the strategic plan of the company? (Best Practice 43)	X
74. In the annual report submitted by the Board of Directors to the Shareholders’ Meeting, the policies used and the items that form part of the compensation package of the Chief Executive Officer and relevant officers of the company are disclosed? (Best Practice 44)	X
75. The intermediate body in charge of the evaluation and compensation duties supports the Board of Directors in previously reviewing the employment conditions of the Chief Executive Officer and relevant officers, in order to assure that their contingent severance payments are in line with the guidelines approved by the Board of Directors? (Best Practice 45)	X
76. The intermediate body in charge of the evaluation and compensation duties supports the Board of Directors to define the profile of Directors, their goals, as well as the mechanism for their recruitment, evaluation and compensation? (Best Practice 46)		X
77. In order to ensure a stable succession process, the company has a formal succession plan for the Chief Executive Officer and relevant officers of the same? (Best Practice 47)	X
78. If the answer to the above question is negative, explain why or select one of the following reasons:
a) The company was recently incorporated.
b) The officers are young.
c) The officers were recently hired.
d) Not an important matter.
e) Others: (describe)

Total revenues increased 13.2% to Ps. 27,611 million. This increase was driven mainly by revenue management initiatives, a favorable mix, and a favorable currency translation effect into Mexican pesos. Excluding currency translation effects, total revenues increased 10.3%.

27Gross profit increased 16.2% to Ps. 11,639 million, and gross margin expanded 110 basis points to 42.2%. This expansion was driven mainly by top-line growth, coupled with a decrease in raw material costs, such as sweeteners, and cost efficiencies, which were partially offset by the currency depreciation in all our operating currencies as compared to the U.S. dollar. Excluding currency translation effects, gross profit increased 13.1%.

~~79.~~Operating income ~~The~~increased ~~family~~19.6% ofto ~~the~~Ps. ~~shareholder~~2,937 ofmillion, ~~the~~resulting ~~company~~in ~~has~~ an ~~agreement~~operating inmargin ~~which~~expansion ~~they~~of ~~clearly~~50 ~~state~~basis ~~the~~points ~~way~~to in10.6%. ~~which~~This ~~they~~increase was ~~wish~~driven tomainly beby ~~represented~~an increase in ~~the~~our ~~Shareholders’~~gross ~~meeting~~profit, ~~and~~partially ~~Board~~offset ofby ~~Directors?~~higher ~~(Best~~expenses ~~Practice~~such ~~48)~~as ~~N/A.~~labor ~~The~~and ~~major~~marketing. ~~shareholders~~Excluding ofcurrency translation ~~the~~effects, ~~Company~~operating ~~are~~income ~~subsidiaries~~increased ~~of public companies~~14.9%.

9.(1) ~~Finance~~Please refer to page 10 for our definition of “comparable” and ~~Planning’s~~a ~~Duties~~description of the factors affecting the comparability of our financial and operating performance.

10.1 General Duties.	Yes	No	Comments
80. The intermediate body in charge of the finance and planning duties executes the following tasks? (Best Practice 49)
a) Studies and proposes to the Board of Directors the company’s strategic vision to ensure its sustainability and continuity.	X
b) Analyzes and proposes general guidelines for the determination and monitoring of the company’s strategic plan.	X
c) Ensures that the strategic plan aims to create economic and social value for the shareholders, as well as sources of employment and the existence of interested third parties.	X
d) Ensures that the strategic plan is in line with the long term course established by the Board of Directors.	X
e) Evaluates and provides an opinion with respect to the company’s investment and finance policies proposed by the management.	X
f) Provides an opinion with respect to the assumptions of the annual budget and follows up its execution, as well as its control system.	X

⁽²⁾Adjusted EBITDA = operating income + depreciation + amortization & other operating non-cash charges.

10.2 Operational Matters.	Yes	No	Comments
81. The intermediate body in charge of finance and planning duties assists the Board of Directors so that one of the meeting is devoted to define or update the long-term course of company?: (Best Practice 50)	X
82. The intermediate body in charge of finance and planning duties supports the Board of Directors in reviewing the strategic plan submitted by the senior management for approval? (Best Practice 51)	X

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 9 of 17

28DEFINITIONS

~~83.~~Volume is ~~The~~expressed ~~intermediate body~~ in ~~charge~~unit ofcases. ~~finance~~Unit ~~and~~case ~~planning~~refers ~~duties~~to ~~supports~~192 ~~the~~ounces ~~Board~~ of ~~Directors~~finished inbeverage ~~the~~product ~~analysis of the policies submitted by the Chief Executive Officer for its approval regarding:~~ (~~Best~~24 ~~Practice~~eight-ounce 52servings) a)and, ~~The~~when ~~management~~applied ofto soda ~~the~~fountains, ~~treasury~~refers ~~department. X b) The execution of financial derivative instruments. X c) Capital expenditures. X d) Liabilities. X e) Are in line with the strategic plan? X f) Are in accordance~~ to the ~~common~~volume ~~practices~~ of ~~the~~syrup, ~~company?~~powders, ~~X 84. The intermediate body in charge of finance~~ and ~~planning~~concentrate ~~duties ensures~~ that ~~the annual budget~~ is inrequired ~~line~~to ~~with~~produce ~~the~~192 ~~strategic~~ounces ~~plan?~~of ~~(Best~~finished ~~Practice~~beverage ~~53) X~~product.

11Transactions refers to the number of single units (e.g., ~~Risk~~a ~~and~~can ~~Compliance~~or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

11.1 General Duties	Yes	No	Comments
85. The body in charge of Risk and Compliance performs the following duties? (Best Practice 54)
a) Assesses the mechanisms presented by the senior management for the identification, analysis, management and control of the risks that the company is subject to, and gives its opinion to the Board of Directors.	X		Audit Comitee
b) Analyzes the risks identified by the senior management.	X		Audit Comitee
c) Defines the strategic risks that the Board of Directors shall monitor.	X		Audit Comitee
d) Defines the financial and operative risks that the senior management shall monitor.	X		Finance and Planning Comitee

Operating income is a non-GAAP financial measure computed as “gross profit – operating expenses – other operating expenses, net + operative equity method (gain) loss in associates.”

29Adjusted EBITDA is a non-GAAP financial measure computed as “operating income + depreciation + amortization & other operating non-cash charges.”

e)Earnings per ~~Evaluates~~share ~~the~~are ~~criteria~~equal ~~presented~~to by“quarterly ~~the~~earnings ~~chief~~/ ~~executive~~outstanding ~~officer~~shares.” ~~for~~Earnings ~~the~~per ~~disclosure~~share of(EPS) ~~the~~for ~~risks~~all ~~that~~periods ~~the~~are adjusted ~~company is subject~~ to ~~and~~give ~~gives~~effect ~~its opinion~~ to the ~~Board~~stock ofsplit ~~Directors.~~resulting Xin ~~Audit~~16,806,658,096 ~~Comitee~~shares f)outstanding. ItFor isthe ~~aware~~convenience of the ~~regulations~~reader, ~~that~~as ~~the~~a ~~company~~KOFUBL Unit is ~~subject~~comprised toof ~~and~~8 ~~monitors~~shares ~~its~~(3 ~~compliance.~~Series XB ~~Audit~~shares ~~Comitee~~and g)5 ItSeries isL ~~aware~~shares), ofearnings ~~the~~per ~~outstanding~~unit ~~legal~~are ~~procedures~~equal ~~and gives its opinion~~ to ~~the~~EPS ~~Board~~multiplied ofby ~~Directors~~8. XEach ~~Audit~~ADS represents ~~Comitee~~10 KOFUBL Units.

11.2 Operational Matters
86. The Board of Directors reviews at least once a year the assessment of strategic risks of the company in order to ensure the stability and continuance of the company? (Best Practice 55)	X
87. The intermediate body supports the Board of Directors by monitoring the mitigation of the identified strategic risks. (Best Practice 56)	X
88. The intermediate body supports the Board of Directors in the assessments of mechanisms for: (Best Practice 57)
a) Risk identification	X
b) Risk analysis	X
c) Risk management	X
d) Risk control	X
89. On each meeting, the Chief Executive Officer submits to the Board of Directors a report concerning the current situation of the management of all the identified risks? (Best Practice 58)	X
a) The Chief Executive Officer´s report submitted to the Board of Directors includes the management of the identified risks and it is subject to the Board of Directors’ approval?	X
b) The Chief Executive Officer´s report submitted to the Board of Directors includes new identified risks.	X
90. The intermediate body monitors the compliance with all the legal provisions to which the company is subject to (Best Practice 59)
a) Acknowledges a detailed report of all the legal provisions to which the company is subject to and the contingent or non-compliance effects?	X
b) Is there a formal process to assure the compliance with the legal obligations to which the company is subject to?	X	The Audit Committee reviews the effectiveness of the system established by the Company to ensure compliance with the applicable laws, regulations on accounting, and tax matters, as well as the reports of the investigations carried out by the Company’s management in non- compliance cases.
c) How often is the Board of Directors informed about these issues?	2	At least twice a year.
91. Is the Board of Directors informed about all pending legal disputes that the company is part of and its possible risk? (Best Practice 60)

COMPARABILITY

30Our “comparable” term means, with respect to a year-over-year comparison, the change of a given measure excluding translation effects resulting from exchange rate movements. In preparing this measure, management has used its best judgment, estimates, and assumptions to maintain comparability.

a)Due ~~Does~~to the ~~Chief~~average ~~Executive~~appreciation of ~~Officer~~most ~~periodically reports on the status~~ of ~~all legal disputes that~~ the ~~company~~currencies isused ~~part~~in ~~of?~~our Xmain b)operations Isrelative ~~there~~to athe ~~formal~~Mexican ~~process~~peso in ~~place~~the tosecond ~~monitor~~quarter ~~all~~of ~~pending~~2025, ~~legal~~as ~~disputes?~~compared ~~Explain.~~to Xthe ~~The~~same period ~~Audit~~of ~~Committee~~2024, ~~requests~~we onhad a ~~quarterly~~favorable ~~basis~~currency atranslation ~~report~~effect tointo ~~the~~Mexican ~~legal~~pesos. ~~and~~Please ~~tax~~see ~~areas~~page ~~through~~17 ~~which~~for ~~the~~exchange ~~current~~rate ~~status of contingencies and litigation is monitored~~fluctuations.

31Coca-Cola FEMSA Reports 2Q25 ResultsJuly 23, 2025 Page 10 of 17

ABOUT THE COMPANY

Stock listing information: Mexican Stock Exchange, Ticker: KOFUBL | NYSE (ADS), Ticker: KOF | Ratio of KOFUBL to KOF = 10:1

Coca-Cola FEMSA files reports, including annual reports and other information, with the U.S. Securities and Exchange Commission, or the “SEC,” and the Mexican Stock Exchange (Bolsa Mexicana de Valores, or the “BMV”) pursuant to the rules and regulations of the SEC (that apply to foreign private issuers) and of the BMV. Filings we make electronically with the SEC and the BMV are available to the public on the Internet at the SEC’s website at www.sec.gov, the BMV’s website at www.bmv.com.mx, and our website at www.coca-colafemsa.com.

Coca-Cola FEMSA, S.A.B. de C.V. is the largest franchise bottler in the world by sales volume. The Company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio to more than 276 million consumers. With over 93,000 employees, the Company markets and sells approximately 4.2-billion-unit cases through approximately 2.2 million points of sale a year. Operating 56 manufacturing plants and 256 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all its stakeholders across the value chain. The Company is a member of the Dow Jones Sustainability MILA Pacific Alliance Index, FTSE4Good Emerging Index, and the S&P/BMV Total Mexico ESG Index, among others. Its operations encompass certain territories in Mexico, Brazil, Guatemala, Colombia, and Argentina and, nationwide, in Costa Rica, Nicaragua, Panama, Uruguay and, in Venezuela, through an investment in KOF Venezuela. For further information, please visit www.coca-colafemsa.com

ADDITIONAL INFORMATION

All the financial information presented in this report was prepared under International Financial Reporting Standards (IFRS).

This news release may contain forward-looking statements concerning Coca-Cola FEMSA’s future performance, which should be considered as good faith estimates by Coca-Cola FEMSA. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, many of which are outside Coca-Cola FEMSA’s control, which could materially impact the Company’s actual performance. References herein to “US$” are to United States dollars. This news release contains translations of certain Mexican peso amounts into U.S. dollars for the convenience of the reader. These translations should not be construed as representations that Mexican peso amounts represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated.

(6 pages of tables to follow)

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 11 of 17

COCA-COLA FEMSA
CONSOLIDATED INCOME STATEMENT
Millions of Pesos ⁽¹⁾

	For the Second Quarter of:						For the first Six Months of:
	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁷⁾	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁷⁾
Transactions (million transactions)	6,131.9		6,372.8		-3.8%	-3.8%	12,053.7		12,330.8		-2.2%	-2.2%
Volume (million unit cases)	1,035.3		1,095.8		-5.5%	-5.5%	2,021.8		2,104.4		-3.9%	-3.9%
Average price per unit case	68.65		61.89		10.9%		68.63		61.77		11.1%
Net revenues	72,852		69,297		5.1%		142,556		133,359		6.9%
Other operating revenues	65		159		-59.2%		147		326		-55.0%
Total revenues ⁽²⁾	72,917	100.0%	69,456	100.0%	5.0%	2.4%	142,703	100.0%	133,685	100.0%	6.7%	5.4%
Cost of goods sold	39,875	54.7%	37,495	54.0%	6.3%		77,987	54.6%	73,124	54.7%	6.6%
Gross profit	33,042	45.3%	31,961	46.0%	3.4%	0.9%	64,716	45.4%	60,561	45.3%	6.9%	5.3%
Operating expenses	23,679	32.5%	21,621	31.1%	9.5%		46,029	32.3%	41,438	31.0%	11.1%
Other operative expenses, net	(291)	-0.4%	672	1.0%	NA		(109)	-0.1%	864	0.6%	NA
Operative equity method (gain) loss in associates⁽³⁾	(112)	-0.2%	(78)	-0.1%	43.8%		(190)	-0.1%	(122)	-0.1%	56.1%
Operating income ⁽⁵⁾	9,767	13.4%	9,746	14.0%	0.2%	-2.6%	18,986	13.3%	18,380	13.7%	3.3%	0.7%
Other non operative expenses, net	99	0.1%	63	0.1%	56.6%		125	0.1%	(27)	0.0%	NA
Non Operative equity method (gain) loss in associates ⁽⁴⁾	(54)	-0.1%	45	0.1%	NA		(130)	-0.1%	58	0.0%	NA
Interest expense	2,101		1,836		14.5%		3,963		3,648		8.6%
Interest income	626		678		-7.7%		1,214		1,307		-7.1%
Interest expense, net	1,475		1,157		27.5%		2,749		2,341		17.5%
Foreign exchange loss (gain)	(55)		(177)		-68.8%		1		(204)		NA
Loss (gain) on monetary position in inflationary subsidiaries	(77)		(34)		125.6%		(154)		(42)		267.5%
Market value (gain) loss on financial instruments	(154)		(61)		151.3%		(288)		(15)		1860.7%
Comprehensive financing result	1,189		885		34.4%		2,308		2,080		11.0%
Income before taxes	8,532		8,752		-2.5%		16,684		16,269		2.5%
Income taxes	3,029		3,044		-0.5%		5,691		5,329		6.8%
Result of discontinued operations	-		-		NA		-		-		NA
Consolidated net income	5,503		5,709		-3.6%		10,993		10,941		0.5%
Net income attributable to equity holders of the company	5,312	7.3%	5,608	8.1%	-5.3%	-8.1%	10,450	7.3%	10,598	7.9%	-1.4%	-5.9%
Non-controlling interest	191	0.3%	101	0.1%	89.2%		543	0.4%	342	0.3%	58.7%

Adj. EBITDA & CAPEX	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁷⁾	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁷⁾
Operating income ⁽⁵⁾	9,767	13.4%	9,746	14.0%	0.2%	-2.6%	18,986	13.3%	18,380	13.7%	3.3%	0.7%
Depreciation	3,160		2,657		18.9%		6,259		5,219		19.9%
Amortization and other operative non-cash charges	461		1,519		-69.6%		1,339		2,349		-43.0%
Adj. EBITDA ⁽⁵⁾⁽⁶⁾	13,388	18.4%	13,922	20.0%	-3.8%	-6.3%	26,584	18.6%	25,949	19.4%	2.4%	1.3%
CAPEX⁽⁸⁾	5,404		5,512		-2.0%		9,632		8,693		10.8%

⁽¹⁾Except volume and average price per unit case figures.

⁽²⁾Please refer to page 15 and 16 for revenue breakdown.

⁽³⁾Includes equity method in Jugos del Valle and Leão Alimentos, among others.

⁽⁴⁾Includes equity method in PIASA, IEQSA, Beta San Miguel, IMER, and KSP Participacoes, among others.

⁽⁵⁾The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁶⁾Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁷⁾Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

⁽⁸⁾As of June 30, 2025, the investment in fixed assets effectively paid is equivalent to Ps. 9,985 million.

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 12 of 17

MEXICO & CENTRAL AMERICA DIVISION
RESULTS OF OPERATIONS
Millions of Pesos ⁽¹⁾

	For the Second Quarter of:						For the First Six Months of:
	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁶⁾	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁶⁾
Transactions (million transactions)	3,279.8		3,565.3		-8.0%	-8.0%	6,182.9		6,584.4		-6.1%	-6.1%
Volume (million unit cases)	636.9		695.6		-8.4%	-8.4%	1,190.2		1,275.4		-6.7%	-6.7%
Average price per unit case	70.42		64.48		9.2%		70.73		64.68		9.4%
Net revenues	45,297		45,078				84,959		82,922
Other operating revenues	9		(11)				16		(11)
Total Revenues ⁽²⁾	45,306	100.0%	45,067	100.0%	0.5%	-1.9%	84,975	100.0%	82,911	100.0%	2.5%	-0.7%
Cost of goods sold	23,902	52.8%	23,119	51.3%			44,686	52.6%	43,075	52.0%
Gross profit	21,404	47.2%	21,948	48.7%	-2.5%	-4.8%	40,289	47.4%	39,836	48.0%	1.1%	-1.9%
Operating expenses	14,973	33.0%	14,241	31.6%			28,334	33.3%	26,354	31.8%
Other operative expenses, net	(320)	-0.7%	478	-0.1%			(163)	-0.2%	597	0.7%
Operative equity method (gain) loss in associates ⁽³⁾	(79)	-0.2%	(62)	-0.1%			(110)	-0.1%	(88)	-0.1%
Operating income ⁽⁴⁾	6,829	15.1%	7,291	16.2%	-6.3%	-8.6%	12,229	14.4%	12,972	15.6%	-5.7%	-8.8%
Depreciation, amortization & other operating non-cash charges	2,096	4.6%	2,591	5.8%			4,605	5.4%	4,654	5.6%
Adj. EBITDA ⁽⁴⁾⁽⁵⁾	8,926	19.7%	9,882	21.9%	-9.7%	-11.8%	16,834	19.8%	17,626	21.3%	-4.5%	-7.6%

⁽¹⁾Except volume and average price per unit case figures.

⁽²⁾Please refer to page 15 and 16 for revenue breakdown.

⁽³⁾Includes equity method in Jugos del Valle, among others.

⁽⁴⁾The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁵⁾Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁶⁾Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

SOUTH AMERICA DIVISION
RESULTS OF OPERATIONS
Millions of Pesos ⁽¹⁾

	For the Second Quarter of:						For the First Six Months of:
	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁶⁾	2025	% of Rev.	2024	% of Rev.	Δ% Reported	Δ% Comparable ⁽⁶⁾
Transactions (million transactions)	2,852.1		2,807.5		1.6%	1.6%	5,870.8		5,746.4		2.2%	2.2%
Volume (million unit cases)	398.4		400.2		-0.5%	-0.5%	831.6		829.0		0.3%	0.3%
Average price per unit case	65.81		57.39		14.7%		65.63		57.29		14.6%
Net revenues	27,554		24,219				57,596		50,437
Other operating revenues	56		171				131		337
Total Revenues ⁽²⁾	27,611	100.0%	24,389	100.0%	13.2%	10.3%	57,727	100.0%	50,774	100.0%	13.7%	15.7%
Cost of goods sold	15,972	57.8%	14,375	58.9%			33,301	57.7%	30,049	59.2%
Gross profit	11,639	42.2%	10,014	41.1%	16.2%	13.1%	24,427	42.3%	20,725	40.8%	17.9%	19.7%
Operating expenses	8,705	31.5%	7,380	30.3%			17,695	30.7%	15,083	29.7%
Other operative expenses, net	28	0.1%	195	0.8%			54	0.1%	267	0.5%
Operative equity method (gain) loss in associates ⁽³⁾	(32)	-0.1%	(16)	-0.1%			(80)	-0.1%	(34)	-0.1%
Operating income ⁽⁴⁾	2,937	10.6%	2,455	10.1%	19.6%	14.9%	6,757	11.7%	5,408	10.7%	24.9%	24.0%
Depreciation, amortization & other operating non-cash charges	1,525	5.5%	1,585	6.5%			2,993	5.2%	2,915	5.7%
Adj. EBITDA ⁽⁴⁾⁽⁵⁾	4,462	16.2%	4,040	16.6%	10.4%	7.3%	9,750	16.9%	8,323	16.4%	17.1%	21.3%

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Please refer to page 15 and 16 for revenue breakdown.

⁽³⁾

Includes equity method in Leão Alimentos, among others.

⁽⁴⁾

The operating income and adjusted EBITDA lines are presented as non-GAAP measures for the convenience of the reader.

⁽⁵⁾

Adjusted EBITDA = operating income + depreciation, amortization & other operating non-cash charges.

⁽⁶⁾

Please refer to page 10 for our definition of “comparable” and a description of the factors affecting the comparability of our financial and operating performance.

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 13 of 17

COCA-COLA FEMSA
CONSOLIDATED BALANCE SHEET
Millions of Pesos

Assets	Jun-25	Dec-24	% Var.	Liabilities & Equity	Jun-25	Dec-24	% Var.
Current Assets				Current Liabilities
Cash, cash equivalents and marketable securities				Short-term bank loans and notes payable	3,755	3,314	13%
Cash, cash equivalents and marketable securities	37,139	32,779	13%	Suppliers	29,271	33,773	-13%
Total accounts receivable	15,943	18,620	-14%	Short-term leasing Liabilities	876	889	-1%
Inventories	14,985	14,059	7%	Other current liabilities	36,489	29,195	25%
Other current assets	10,465	9,675	8%	Total current liabilities	70,391	67,171	5%
Total current assets	78,531	75,132	5%	Non-Current Liabilities	-	-
Non-Current Assets	-	-		Long-term bank loans and notes payable	77,769	70,383	10%
Property, plant and equipment	166,786	161,785	3%	Long Term Leasing Liabilities	2,101	2,295	-8%
Accumulated depreciation	(64,237)	(62,404)	3%	Other long-term liabilities	18,855	17,595	7%
Total property, plant and equipment, net	102,549	99,381	3%	Total liabilities	169,116	157,445	7%
Right of use assets	2,746	2,989	-8%	Equity	-	-
Investment in shares	10,738	10,233	5%	Non-controlling interest	7,806	7,113	10%
Intangible assets and other assets	103,142	101,876	1%	Total controlling interest	136,938	143,428	-5%
Other non-current assets	16,155	18,375	-12%	Total equity	144,744	150,542	-4%
Total Assets	313,860	307,986	2%	Total Liabilities and Equity	313,860	307,986	2%


	June 30, 2025
Debt Mix	% Total Debt ⁽¹⁾	% Interest Rate Floating ^{(1) (2)}	Average Rate	Debt Maturity Profile
Currency
Mexican Pesos	51.6%	2.3%	8.5%
U.S. Dollars	26.3%	20.7%	4.2%
Colombian Pesos	3.8%	58.3%	9.2%
Brazilian Reals	17.7%	13.1%	10.9%
Argentine Pesos	0.6%	0.0%	40.8%
Total Debt	100%	14.6%	8.0%

⁽¹⁾ After giving effect to swaps.
⁽²⁾ Calculated based on the weighting of the outstanding debt mix for each year.


Financial Ratios	2Q 2025	FY 2024	Δ%
Net debt including effect of hedges ⁽¹⁾⁽³⁾	44,824	38,329	16.9%
Net debt including effect of hedges / Adj. EBITDA ⁽¹⁾⁽³⁾	0.79	0.68
Adj. EBITDA/ Interest expense, net ⁽¹⁾	9.67	12.51
Capitalization ⁽²⁾	36.6%	33.3%
⁽¹⁾ Net debt = total debt - cash
⁽²⁾ Total debt / (total debt + shareholders' equity)
⁽³⁾ After giving effect to swaps.

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 14 of 17

COCA-COLA FEMSA
QUARTERLY- VOLUME, TRANSACTIONS & REVENUES

Volume
	2Q 2025					2Q 2024					YoY
	Sparkling	Water ⁽¹⁾	Bulk ⁽²⁾	Stills	Total	Sparkling	Water ⁽¹⁾	Bulk ⁽²⁾	Stills	Total	Δ %
Mexico	359.7	37.7	98.5	43.5	539.4	402.3	44.1	108.1	45.0	599.5	-10.0%
Guatemala	46.1	2.2	0.8	2.3	51.3	45.2	2.8	-	2.6	50.5	1.6%
CAM South	38.0	2.2	0.2	5.9	46.2	37.4	1.5	1.0	5.7	45.6	1.2%
Mexico and Central America	443.7	42.1	99.4	51.7	636.9	484.8	48.3	109.1	53.3	695.6	-8.4%
Colombia	63.5	9.6	3.5	5.9	82.6	64.5	9.4	4.0	7.1	85.0	-2.8%
Brazil ⁽³⁾	223.2	17.7	1.8	22.7	265.3	224.0	18.9	2.4	24.2	269.4	-1.5%
Argentina	29.1	5.0	1.4	3.8	39.3	26.8	4.2	1.7	2.5	35.1	11.9%
Uruguay	9.0	1.5	-	0.7	11.2	8.7	1.4	-	0.6	10.7	4.9%
South America	324.7	33.9	6.7	33.1	398.4	324.0	33.8	8.1	34.3	400.2	-0.5%
TOTAL	768.4	76.0	106.1	84.8	1,035.3	808.8	82.2	117.2	87.7	1,095.8	-5.5%

⁽¹⁾ Excludes water presentations larger than 5.0 Lt ; includes flavored water.
⁽²⁾ Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions
	2Q 2025					2Q 2024					YoY
	Sparkling	Water		Stills	Total	Sparkling	Water		Stills	Total	Δ %
Mexico	1,978.1	265.1		298.5	2,541.7	2,230.1	297.6		313.2	2,840.9	-10.5%
Guatemala	346.8	21.3		24.5	392.6	334.4	19.0		27.0	380.4	3.2%
CAM South	273.6	14.2		57.7	345.5	271.2	15.0		57.9	344.1	0.4%
Mexico and Central America	2,598.5	300.6		380.7	3,279.8	2,835.7	331.5		398.1	3,565.3	-8.0%
Colombia	470.8	96.9		45.8	613.5	475.2	95.7		58.7	629.6	-2.6%
Brazil ⁽³⁾	1,547.0	154.6		266.2	1,967.8	1,498.6	163.5		277.3	1,939.4	1.5%
Argentina	152.0	30.1		32.0	214.0	138.0	26.1		21.9	185.9	15.1%
Uruguay	45.3	5.9		5.6	56.8	42.2	5.5		4.7	52.5	8.3%
South America	2,215.0	287.4		349.6	2,852.1	2,154.0	290.7		362.7	2,807.5	1.6%
TOTAL	4,813.5	588.0		730.4	6,131.9	4,989.7	622.2		760.8	6,372.8	-3.8%

Revenues
Expressed in million Mexican Pesos	2Q 2025	2Q 2024	Δ %
Mexico	36,629	37,474	-2.3%
Guatemala	4,458	3,846	15.9%
CAM South	4,218	3,746	12.6%
Mexico and Central America	45,306	45,067	0.5%
Colombia	5,384	4,785	12.5%
Brazil ⁽⁴⁾	18,359	16,443	11.7%
Argentina	2,653	2,154	23.1%
Uruguay	1,215	1,007	20.6%
South America	27,611	24,389	13.2%
TOTAL	72,917	69,456	5.0%

⁽³⁾ Volume and transactions in Brazil do not include beer
⁽⁴⁾ Brazil includes beer revenues of Ps. 1,343.1 million for the second quarter of 2025 and Ps. 1,033.1 million for the same period of the previous year.

⁽¹⁾

Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product.

⁽²⁾

Transactions refers to the number of single units (e.g., a can or a bottle) sold, regardless of their size or volume or whether they are sold individually or in multipacks, except for soda fountains, which represent multiple transactions based on a standard 12 oz. serving.

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 15 of 17

COCA-COLA FEMSA
YTD- VOLUME, TRANSACTIONS & REVENUES

Volume
	YTD 2025					YTD 2024					YoY
	Sparkling	Water ⁽¹⁾	Bulk ⁽²⁾	Stills	Total	Sparkling	Water ⁽¹⁾	Bulk ⁽²⁾	Stills	Total	Δ %
Mexico	667.6	68.1	185.6	82.0	1,003.3	734.7	75.4	197.9	81.8	1,089.8	-7.9%
Guatemala	88.1	4.1	1.5	4.3	98.1	86.5	5.1	-	4.8	96.4	1.8%
CAM South	72.7	4.5	0.4	11.3	88.8	73.0	3.1	2.0	11.2	89.2	-0.4%
Mexico and Central America	828.4	76.7	187.4	97.6	1,190.2	894.2	83.6	199.9	97.7	1,275.4	-6.7%
Colombia	125.2	19.4	7.1	12.2	163.8	130.5	19.9	8.1	14.7	173.3	-5.5%
Brazil ⁽³⁾	465.5	41.8	4.7	48.6	560.6	464.1	39.6	5.1	48.7	557.6	0.5%
Argentina	60.5	11.2	2.7	8.1	82.6	56.2	9.3	3.7	5.5	74.8	10.5%
Uruguay	19.1	3.8	-	1.7	24.6	18.8	3.3	-	1.3	23.3	5.5%
South America	670.3	76.3	14.4	70.6	831.6	669.6	72.2	16.9	70.3	829.0	0.3%
TOTAL	1,498.7	153.0	201.8	168.3	2,021.8	1,563.8	155.7	216.9	168.0	2,104.4	-3.9%

⁽¹⁾ Excludes water presentations larger than 5.0 Lt ; includes flavored water.
⁽²⁾ Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions
	YTD 2025					YTD 2024					YoY
	Sparkling	Water		Stills	Total	Sparkling	Water		Stills	Total	Δ %
Mexico	3,713.7	482.4		571.4	4,767.5	4,097.6	516.5		573.8	5,187.9	-8.1%
Guatemala	658.7	39.3		47.8	745.7	642.1	34.7		49.9	726.7	2.6%
CAM South	528.6	29.1		112.0	669.7	527.5	30.2		112.2	669.9	0.0%
Mexico and Central America	4,901.0	550.8		731.1	6,182.9	5,267.2	581.4		735.9	6,584.4	-6.1%
Colombia	916.8	194.9		93.6	1,205.3	954.4	204.8		124.2	1,283.4	-6.1%
Brazil ⁽³⁾	3,176.7	360.8		558.9	4,096.5	3,059.1	343.6		551.8	3,954.4	3.6%
Argentina	312.1	65.8		68.3	446.1	286.6	58.4		48.6	393.6	13.3%
Uruguay	94.6	14.6		13.6	122.9	91.0	12.7		11.2	114.9	6.9%
South America	4,500.2	636.1		734.4	5,870.8	4,391.2	619.4		735.8	5,746.4	2.2%
TOTAL	9,401.2	1,186.9		1,465.6	12,053.7	9,658.3	1,200.8		1,471.6	12,330.7	-2.2%

Revenues
Expressed in million Mexican Pesos	YTD 2025	YTD 2024	Δ %
Mexico	67,892	68,328	-0.6%
Guatemala	8,631	7,244	19.1%
CAM South	8,452	7,338	15.2%
Mexico and Central America	84,975	82,911	2.5%
Colombia	10,748	9,668	11.2%
Brazil ⁽⁴⁾	38,668	34,279	12.8%
Argentina	5,716	4,730	20.8%
Uruguay	2,595	2,096	23.8%
South America	57,727	50,774	13.7%
TOTAL	142,703	133,685	6.7%

⁽³⁾ Volume and transactions in Brazil do not include beer
⁽⁴⁾ Brazil includes beer revenues of Ps. 2,368.3 million for the first six months of 2025 and Ps. 2,529.1 million for the same period of the previous year.

⁽¹⁾

⁽²⁾

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 16 of 17

COCA-COLA FEMSA
MACROECONOMIC INFORMATION

Inflation ⁽¹⁾
	LTM	2Q25	YTD
Mexico	4.51%	1.41%	1.67%
Colombia	5.08%	1.51%	3.84%
Brasil	5.35%	1.15%	2.97%
Argentina	39.63%	7.64%	15.61%
Costa Rica	0.02%	-1.23%	-0.70%
Panama	-0.49%	0.09%	0.79%
Guatemala	1.51%	1.47%	1.00%
Nicaragua	1.12%	0.00%	1.28%
Uruguay	5.16%	0.91%	3.14%

⁽¹⁾ Source: inflation estimated by the company based on historic publications from the Central Bank of each country.


Average Exchange Rates for each period ⁽²⁾
	Quarterly Exchange Rate (Local Currency per USD)			Year to Date Exchange Rate (Local Currency per USD)
	2Q25	2Q24	Δ %	YTD 25	YTD 24	Δ %
México	19.55	17.21	13.6%	19.98	18.30	9.2%
Colombia	4,197.35	3,928.59	6.8%	4,192.97	4,074.44	2.9%
Brasil	5.67	5.22	8.6%	5.76	5.39	6.8%
Argentina	1151.04	886.47	29.8%	1104.02	916.29	20.5%
Costa Rica	508.77	516.43	-1.5%	508.22	518.22	-1.9%
Panama	1.00	1.00	0.0%	1.00	1.00	0.0%
Guatemala	7.69	7.77	-1.1%	7.70	7.76	-0.8%
Nicaragua	36.62	36.62	0.0%	36.62	36.62	0.0%
Uruguay	41.61	38.75	7.4%	42.32	40.21	5.2%


End-of-period Exchange Rates
	Closing Exchange Rate (Local Currency per USD)			Closing Exchange Rate (Local Currency per USD)
	Jun-25	Jun-24	Δ %	Mar-25	Mar-24	Δ %
México	18.89	18.38	2.8%	20.32	16.68	21.8%
Colombia	4,069.67	4,148.04	-1.9%	4,192.57	3,842.30	9.1%
Brasil	5.46	5.56	-1.8%	5.74	5.00	14.9%
Argentina	1,205.00	912.00	32.1%	1,074.00	858.00	25.2%
Costa Rica	508.28	528.80	-3.9%	504.21	506.60	-0.5%
Panama	1.00	1.00	0.0%	1.00	1.00	0.0%
Guatemala	7.68	7.77	-1.1%	7.71	7.79	-1.0%
Nicaragua	36.62	36.62	0.0%	36.62	36.62	0.0%
Uruguay	39.55	39.99	-1.1%	42.13	37.55	12.2%

⁽²⁾ Average exchange rate for each period computed with the average exchange rate of each month.

Coca-Cola FEMSA Reports 2Q25 Results

July 23, 2025

Page 17 of 17

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	COCA-COLA FEMSA, S.A.B. DE C.V.
	By: /s/ Gerardo Cruz Celaya
	Gerardo Cruz Celaya Chief Financial Officer
Date: May 30, 2025
Date: July 22, 2025

Filing Compare · COCA COLA FEMSA SAB DE CV