FEMSA Shareholders’ Meeting Resolutions

Rhea-AI Summary

FEMSA (NYSE: FMX) held its Annual Shareholders' Meeting on April 11, 2025, where shareholders approved key financial and operational decisions. The meeting resulted in the approval of consolidated financial statements for 2024, the CEO's annual report, and Board of Directors' opinion.

The company announced two significant dividend payments:

• An ordinary cash dividend of Ps. 0.95475 per Series 'D' share and Ps. 0.7638 per Series 'B' share (equivalent to Ps. 45.826 per ADS)
• An extraordinary cash dividend of Ps. 2.1060 per Series 'D' share and Ps. 1.6848 per Series 'B' share (equivalent to Ps. 101.084 per ADS)

Both dividends will be paid in four equal installments on April 25, July 18, October 17, 2025, and January 16, 2026. The meeting also confirmed new appointments to the Board of Directors, Audit Committee, Corporate Practices and Nominations Committee, and Operations and Strategy Committee for 2025.

Positive

• Approval of both ordinary and extraordinary dividend payments, showing strong shareholder returns
• Total dividend payment of Ps. 146.91 per ADS (combining ordinary and extraordinary dividends)
• Quarterly installment structure provides regular income stream to investors

Negative

• None.

Insights

Financial Analyst

FEMSA's announcement of dual dividend payments signals strong capital return to shareholders. The company has approved an ordinary cash dividend of Ps. 45.826 per ADS alongside an extraordinary cash dividend of Ps. 101.084 per ADS, to be distributed in four equal installments spanning April 2025 through January 2026.

The extraordinary dividend is particularly significant, as it's more than twice the size of the ordinary dividend. This substantial additional payout typically indicates excess cash reserves or strong free cash flow generation beyond what the company requires for operations and growth investments.

The decision to structure both dividends in quarterly installments rather than lump-sum payments demonstrates prudent treasury management, allowing for a balanced approach that provides investors with a steady income stream while maintaining operational flexibility.

While the announcement doesn't detail the specific rationale behind the extraordinary dividend, such substantial shareholder returns typically reflect board confidence in the company's financial stability and cash position. For investors, this represents meaningful income alongside any potential share price appreciation, enhancing total return prospects.

The dividend announcement, particularly the extraordinary component, sends a distinctly positive signal about FEMSA's current financial health and management's commitment to delivering shareholder value through direct capital returns.

MONTERREY, Mexico, April 11, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) held its Annual Shareholders’ Meeting today (“the Shareholders’ Meeting”), during which the shareholders approved the consolidated financial statements for the year ended December 31, 2024, the 2024 CEO’s annual report and the opinion of the Board of Directors for the year 2024.

The Annual Shareholders’ Meeting elected the members of the board of directors and the members of each of the Audit Committee, the Corporate Practices and Nominations Committee and the Operations and Strategy Committee of the Board for 2025.

The list of the elected directors can be found in the following link: https://femsa.gcs-web.com/corporate-governance/board-of-directors

The Annual Shareholders’ Meeting declared and approved the payment of an ordinary cash dividend of Ps. 0.95475 per each Series "D" share and Ps. 0.7638 per each Series "B" share, which amounts to Ps. 4.5826 per "BD" Unit (BMV: FEMSAUBD) or Ps. 45.826 per ADS (NYSE: FMX), and Ps. 3.8190 per "B" Unit (BMV: FEMSAUB), to be paid in four equal installments, payable on April 25 of 2025, July 18 of 2025, October 17 of 2025 and January 16 of 2026.

Additionally, the Annual Shareholders’ Meeting declared and approved the payment of an extraordinary cash dividend of Ps. 2.1060 per each Series "D" share and Ps. 1.6848 per each Series "B" share, which amounts to Ps. 10.1084 per "BD" Unit (BMV: FEMSAUBD) or Ps. 101.084 per ADS (NYSE: FMX), and Ps. 8.4240 per "B" Unit (BMV: FEMSAUB), to be paid in four equal installments, payable on April 25 of 2025, July 18 of 2025, October 17 of 2025 and January 16 of 2026.

For additional information, please refer to the Summary of Resolutions in the Shareholders Meeting section of our corporate website at: https://femsa.gcs-web.com/shareholder-meeting-information

About FEMSA
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.

Investor Contact
(52) 818-328-6000
investor@femsa.com.mx
femsa.gcs-web.com

Media Contact
(52) 555-249-6843
comunicacion@femsa.com.mx
femsa.com

FAQ

What dividends did FEMSA (FMX) announce in its 2025 shareholders meeting?

FEMSA announced an ordinary dividend of Ps. 45.826 per ADS and an extraordinary dividend of Ps. 101.084 per ADS, both payable in four installments throughout 2025-2026.

When will FEMSA (FMX) pay its 2025 dividend installments?

FEMSA will pay both ordinary and extraordinary dividends in four equal installments on April 25, July 18, October 17, 2025, and January 16, 2026.

What was approved at FEMSA's (FMX) 2025 Annual Shareholders' Meeting?

Shareholders approved the 2024 financial statements, CEO's annual report, Board opinion, elected new board members, and approved ordinary and extraordinary dividend payments.

How much is FEMSA's (FMX) 2025 extraordinary dividend payment?

FEMSA's extraordinary dividend is Ps. 2.1060 per Series 'D' share and Ps. 1.6848 per Series 'B' share, amounting to Ps. 101.084 per ADS.