FMX · Fomento Económico Mexicano, S.A.B. de C.V.

Coca-Cola FEMSA’s capital discipline reinforces this theme. Per Item 7, its multi-year investment focus—on production and distribution capacity, retailer coolers, returnable packaging, and information technology—is not transactional but structural. These investments directly support service levels, sustainability goals, and long-term franchise value, particularly evident during natural disasters when infrastructure resilience becomes operationally decisive. Critically, FEMSA’s IT system serves as the connective tissue across businesses: it enables cost-effective, store-level management of working capital and inventories while sustaining high sales volume and store quality. Supported by continued IT investment, the supply chain network further optimizes working capital through inventory rotation and reduction—directly lowering out-of-stock days and associated inventory costs.

The decentralized purchasing model—where individual stores place main orders under centralized supply contracts—complements this digital foundation. It preserves local responsiveness without fragmenting procurement economics, allowing agility in volatile conditions while maintaining scale advantages. This architecture underpins the company’s ability to execute consistently across markets, from Mexico to Central America and Brazil. Finally, asset stewardship remains grounded in conservatism: per Item 8, property, plant, and equipment are derecognized only upon disposal or when future economic benefits cease—and no goodwill impairments were recognized in 2025. Together, these elements reflect not just financial outcomes, but a coherent, repeatable system for value creation rooted in proximity, technology, and disciplined capital allocation.