
		%		%		%
		2025		2024		2023
Statutory income tax rate		30		30		30
Differences between accounting and tax bases, including tax inflation gain that is not recognized for accounting purposes		(117)		6		(15)
Taxes from prior years		(285)		(6)		(15)
Tax loss carryforwards ⁽¹⁾		(328)		(51)		(21)
Foreign operations		(34)		14		(10)
Share of loss in associates and joint ventures, net		(56)		(4)		(20)
Recovery of asset tax from prior years		—		2		7
Effective income tax rate		(790)		(9)		(44)

⁽¹⁾In 2025 includes primarily a write-off of tax losses at the expiration date.


		2025			2024
Deferred Income Tax Assets:
Accrued liabilities ⁽¹⁾		Ps.	4,245,105		Ps.	3,058,391
Allowance for expected credit losses			434,023			458,366
Customer advances			1,651,555			1,820,602
Property, plant and equipment, net			3,192,183			6,798,230
Financial expenses pending tax deduction			4,078,692			4,904,829
Derivative financial instruments			113,924			—
Investments			—			398
Tax loss carryforwards:
Operating			3,395,685			3,129,246
Capital ⁽²⁾			75,791			3,642,421

Deferred Income Tax Liabilities:
Investments			(318,240)			—
Prepaid expenses and other items ⁽¹⁾			(2,393,891)			(824,656)
Derivative financial instruments			—			(550,399)
Intangible assets and transmission rights			(3,415,330)			(3,491,393)
Deferred income tax assets of Mexican companies			11,059,497			18,946,035
Deferred income tax assets of certain foreign subsidiaries			356,025			433,278
Deferred income tax assets, net		Ps.	11,415,522		Ps.	19,379,313

(1)	As of December 31, 2025 includes deferred income taxes derived from right-of-use assets of Ps.823,589 and lease liabilities of Ps.1,346,993.

(2)	Until December 31, 2024 included the benefit from tax loss carryforwards derived from the disposal in 2014 of the Group’s investment in GSF, in the amount of Ps.2,925,086.

The gross roll-forward of deferred income tax assets, net, is as follows:


		2025			2024
At January 1		Ps.	19,379,313		Ps.	17,149,590
Statement of income (charge) credit			(8,348,938)			3,549,896
Other comprehensive income (“OCI”) credit (charge)			385,147			(457,913)
Retained earnings credit			—			(15,589)
Discontinued operations			—			5,151
Spun-off Businesses			—			(851,822)
At December 31		Ps.	11,415,522		Ps.	19,379,313

The roll-forward of deferred income tax assets and liabilities for the year 2025, was as follows:


					Credit
					(Charge) to
					Consolidated			Credit
					Statement of			(Charge)
					Income			to OCI and
		At January 1,			(Continuing			Retained			At December 31,
		2025			Operations)			Earnings			2025
Deferred Income Tax Assets:
Accrued liabilities		Ps.	3,058,391		Ps.	1,186,714		Ps.	—		Ps.	4,245,105
Allowance for expected credit losses			458,366			(24,343)			—			434,023
Customer advances			1,820,602			(169,047)			—			1,651,555
Property, plant and equipment, net			6,798,230			(3,606,047)			—			3,192,183
Derivative financial instruments			—			(558,764)			672,688			113,924
Financial expenses pending tax deduction			4,904,829			(826,137)			—			4,078,692
Investments			398			(398)			—			—
Tax loss carryforwards			6,771,667			(3,300,191)			—			3,471,476
Deferred income tax assets of foreign subsidiaries			433,278			(77,253)			—			356,025

Deferred Income Tax Liabilities:
Investments			—			(4,087)			(314,153)			(318,240)
Prepaid expenses and other items			(824,656)			(1,595,847)			26,612			(2,393,891)
Derivative financial instruments			(550,399)			550,399			—			—
Intangible assets and transmission rights			(3,491,393)			76,063			—			(3,415,330)
Deferred income tax assets, net		Ps.	19,379,313		Ps.	(8,348,938)		Ps.	385,147		Ps.	11,415,522

The roll-forward of deferred income tax assets and liabilities for the year 2024, was as follows:


					Credit			Credit
					(Charge) to			(Charge) to
					Consolidated			Consolidated						Credit
					Statement of			Statement of						(Charge)
					Income			Income						to OCI and
		At January 1,			(Continuing			(Discontinued			Spun-off			Retained			At December 31,
		2024			Operations)			Operations)			Businesses			Earnings			2024
Deferred Income Tax Assets:
Accrued liabilities		Ps.	3,115,699		Ps.	220,536		Ps.	—		Ps.	(277,844)		Ps.	—		Ps.	3,058,391
Allowance for expected credit losses			606,257			(104,516)			—			(43,375)			—			458,366
Customer advances			1,583,352			239,752			—			(2,502)			—			1,820,602
Property, plant and equipment, net			4,643,270			2,247,022			—			(92,062)			—			6,798,230
Financial expenses pending tax deduction			1,112,726			3,850,444			—			(58,341)			—			4,904,829
Investments			—			398			—			—			—			398
Tax loss carryforwards			9,838,300			(3,054,606)			—			(12,027)			—			6,771,667
Deferred income tax assets of foreign subsidiaries			335,651			97,627			—			—			—			433,278

Deferred Income Tax Liabilities:
Investments			(722,530)			657,628			—			—			64,902			—
Prepaid expenses and other items			(476,430)			(340,671)			5,151			(31,539)			18,833			(824,656)
Derivative financial instruments			(44,618)			51,456			—			—			(557,237)			(550,399)
Intangible assets and transmission rights			(2,842,087)			(315,174)			—			(334,132)			—			(3,491,393)
Deferred income tax assets, net		Ps.	17,149,590		Ps.	3,549,896		Ps.	5,151		Ps.	(851,822)		Ps.	(473,502)		Ps.	19,379,313

The tax (charge) credit of income taxes relating to components of other comprehensive income (loss), is as follows:


		2025
					Tax Credit
		Before Tax			(Charge)			After Tax
Remeasurement of post-employment benefit obligations		Ps.	(88,707)		Ps.	26,612		Ps.	(62,095)
Exchange differences on translating foreign operations			(130,627)			(1,868,236)			(1,998,863)
Derivative financial instruments cash flow hedges			(2,242,294)			672,688			(1,569,606)
Open-Ended Fund			149,092			(44,728)			104,364
Other equity instruments			898,085			(269,425)			628,660
Share of income of associates and joint ventures			3,905,450			—			3,905,450
Other comprehensive income		Ps.	2,490,999		Ps.	(1,483,089)		Ps.	1,007,910
Current tax					Ps.	(1,868,236)
Deferred tax						385,147
					Ps.	(1,483,089)


		2024
					Tax Credit
		Before Tax			(Charge)			After Tax
Remeasurement of post-employment benefit obligations		Ps.	(62,779)		Ps.	18,833		Ps.	(43,946)
Exchange differences on translating foreign operations			285,502			2,683,967			2,969,469
Derivative financial instruments cash flow hedges			1,857,456			(557,237)			1,300,219
Open-Ended Fund			(66,098)			19,829			(46,269)
Other equity instruments			(202,208)			60,662			(141,546)
Share of income of associates and joint ventures			(7,061,676)			—			(7,061,676)
Other comprehensive income		Ps.	(5,249,803)		Ps.	2,226,054		Ps.	(3,023,749)
Current tax					Ps.	2,683,967
Deferred tax						(457,913)
					Ps.	2,226,054


		2023
					Tax (Charge)
		Before Tax			Credit			After Tax
Remeasurement of post-employment benefit obligations		Ps.	83,935		Ps.	(25,181)		Ps.	58,754
Exchange differences on translating foreign operations			(758,835)			(1,975,708)			(2,734,543)
Derivative financial instruments cash flow hedges			(287,536)			86,261			(201,275)
Open-Ended Fund			(741)			222			(519)
Other equity instruments			(698,903)			209,671			(489,232)
Share of income of associates and joint ventures			4,278,531			—			4,278,531
Other comprehensive income		Ps.	2,616,451		Ps.	(1,704,735)		Ps.	911,716
Current tax					Ps.	(1,975,708)
Deferred tax						270,973
					Ps.	(1,704,735)