v3.26.1
Non-controlling Interests
12 Months Ended
Dec. 31, 2025
Non-controlling Interests  
Non-controlling Interests

19.

Non-controlling Interests

Non-controlling interests as of December 31, 2025 and 2024, consisted of:

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2025

  ​ ​ ​

2024

Capital stock

​

Ps.

747,477

  ​

Ps.

771,485

Additional paid-in capital

 

​

2,952,806

 

​

2,952,806

Legal reserve

 

​

149,749

 

​

149,970

Retained earnings from prior years (1)

 

​

5,411,143

 

​

5,449,774

Net income (loss) for the year

 

​

233,242

 

​

(62,860)

Accumulated other comprehensive loss:

 

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​

 

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​

Remeasurement of post-employment benefit obligations on defined benefit plans

 

​

(21,694)

 

​

(19,606)

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Ps.

9,472,723

  ​

Ps.

9,241,569

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(1)In the years ended December 31, 2025 and 2024, the Group did not pay dividends to its non-controlling interests.

In June 2024, the Group concluded an agreement for the acquisition of an interest in Sky previously held by AT&T as a non-controlling interest and became owner of 100% of the equity of Sky. As a result of this transaction, the Group (i) reduced its non-controlling interests in consolidated equity; (ii) increased its consolidated retained earnings attributable to stockholders of the Company in the amount of Ps.4,301,921, which resulted primarily from the excess of the amount of the non-controlling interest acquired measured in accordance with IFRS Accounting Standards over the fair value of the liability assumed by the Group; and (iii) accounted for the transaction price to be paid in 2027 and 2028, as part of other long-term liabilities in the Group’s consolidated statement of financial position as of December 31, 2025 and 2024 (see Notes 3 and 14).

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Amounts of consolidated current assets, non-current assets, current liabilities and non-current liabilities of Empresas Cablevisión as of December 31, 2025 and 2024, are set forth as follows:

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Empresas Cablevisión (1)

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2025

  ​ ​ ​

2024

Assets:

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Current assets

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Ps.

10,456,163

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Ps.

8,351,193

Non-current assets

 

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18,187,625

 

​

19,935,495

Total assets

 

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28,643,788

 

​

28,286,688

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​

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Liabilities:

 

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​

 

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Current liabilities

 

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6,134,255

 

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7,050,863

Non-current liabilities

 

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2,798,253

 

​

1,727,061

Total liabilities

 

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8,932,508

 

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8,777,924

Net assets

 

Ps.

19,711,280

  ​

Ps.

19,508,764

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(1)

Company’s non-controlling interest of 48.5% as of December 31, 2025, and 2024, respectively.

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Amounts of consolidated revenues, net income and comprehensive income of Empresas Cablevisión for the years ended December 31, 2025 and 2024, are set forth as follows:

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Empresas Cablevisión

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  ​ ​ ​

2025

  ​ ​ ​

2024

Revenues

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Ps.

14,588,889

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Ps.

14,628,084

Net income (loss)

 

​

456,967

 

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(93,660)

Comprehensive income (loss)

 

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455,528

 

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(110,247)

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Amounts of consolidated summarized cash flows of Empresas Cablevisión for the years ended December 31, 2025 and 2024, are set forth as follows:

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Empresas Cablevisión

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  ​ ​ ​

2025

  ​ ​ ​

2024

Cash flows from operating activities

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Ps.

3,808,357

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Ps.

5,037,835

Cash flows used in investing activities

 

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(1,698,126)

 

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(1,696,109)

Cash flows used in financing activities

 

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(634,624)

 

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(1,575,575)

Net increase in cash and cash equivalents

 

Ps.

1,475,607

  ​

Ps.

1,766,151

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