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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2025
Employee Benefits [Abstract]  
Net Liability and Net Period Cost for Employee Benefits
An analysis of the net liability and net period cost for employee benefits is as follows:

   
At December 31,
 
   
2024
   
2025
 
Mexico
 
Ps.
145,277,743    
Ps.
185,512,908  
Puerto Rico
   
6,954,741
     
4,446,433
 
Brazil
   
5,411,258
     
4,586,624
 
Europe
   
8,578,927
     
7,921,323
 
Ecuador
   
654,465
     
646,490
 
El Salvador
   
165,653
     
167,556
 
Nicaragua
   
71,266
     
74,063
 
Honduras
   
38,388
     
31,287
 
Total
 
Ps.
167,152,441    
Ps.
203,386,684  

   
For the year ended December 31,
 
   
2023
 
2024
   
2025
 
Mexico
  Ps.
14,601,940     Ps.
16,074,164     Ps.
18,469,482  
Puerto Rico
   
170,389
     
535,051
     
508,862
 
Brazil
   
369,624
     
(228,547
)
   
165,103
 
Europe
   
1,750,101
     
1,755,407
     
2,190,588
 
Ecuador
   
40,498
     
65,123
     
71,135
 
El Salvador
   
15,190
     
16,430
     
20,332
 
Nicaragua
   
10,937
     
13,387
     
13,092
 
Honduras
   
13,257
     
1,527
     
6,288
 
Total
  Ps.
16,971,936     Ps.
18,232,542     Ps.
21,444,882  
Defined Benefit Obligation (DBO) and Plan Assets for the Pension and Other Benefit Obligation Plans
The defined benefit obligation (DBO) and plan assets for the pension and other benefit obligation plans, by country, are as follows:
 

 
At December 31
 

 
2024
   
2025
 
               
Effect of asset
   
Net employee
               
Effect of asset
   
Net employee
 
   
DBO
   
Plan Assets
   
ceiling
   
benefit liability
   
DBO
   
Plan Assets
   
ceiling
   
benefit liability
 
Mexico          
  Ps.
303,027,238     Ps.
(159,328,024 )   Ps.
    Ps.
143,699,214
    Ps.
343,620,613
    Ps.
(160,323,036 )   Ps.
     Ps. 183,297,577  
Puerto Rico          
   
24,608,173
     
(17,653,432
)
   
     
6,954,741
     
21,444,857
     
(16,998,424
)
   
     
4,446,433
 
Brazil          
   
12,113,660
     
(13,054,352
)
   
4,481,044
     
3,540,352
     
12,498,399
     
(12,834,952
)
   
3,980,671
     
3,644,118
 
Europe          
   
3,379,389
     
     
     
3,379,389
     
3,065,854
     
     
     
3,065,854
 
Total          
  Ps.
343,128,460     Ps.
(190,035,808 )   Ps.
4,481,044     Ps.
157,573,696     Ps. 380,629,723     Ps.
(190,156,412 )   Ps.
3,980,671     Ps.
194,453,982  
Actuarial Results Generated for Pension and Retirement Plans as well as the Medical Services
Below is a summary of the actuarial results generated for the pension and retirement plans as well as the medical services in Puerto Rico and Brazil; the pension plans and seniority premiums related to Telmex; the pension plan, the service awards plan and severance in Austria corresponding to the years ended December 31, 2023, 2024 and 2025:
 
   
At December 31, 2023
 
   
DBO
   
Plan Assets
   
Effect of asset
ceiling
   
Net employee
benefit liability
 
Balance at the beginning of the year
  Ps. 330,862,941     Ps. (208,526,619 )   Ps. 6,064,069     Ps. 128,400,391  
Current service cost
   
2,044,102
     
     
     
2,044,102
 
Interest cost on projected benefit obligation
   
33,203,706
     
     
     
33,203,706
 
Expected return on plan assets
   
     
(20,251,931
)
   
     
(20,251,931
)
Changes in the asset ceiling during the period and others
   
     
     
585,667
     
585,667
 
Past service costs and other
   
(322,700
)
   
145,646
     
     
(177,054
)
Actuarial gain for changes in experience
   
(20,645
)
   
     
     
(20,645
)
Actuarial gain from changes in demographic assumptions
   
134
     
     
     
134
 
Actuarial gain from changes in financial assumptions
 
30,958
   
   
   
30,958
 
Net period cost
  Ps. 34,935,555     Ps. (20,106,285 )   Ps. 585,667     Ps. 15,414,937  
Actuarial loss for changes in experience
   
10,632,144
     
     
     
10,632,144
 
Actuarial loss from changes in demographic assumptions
   
(430,315
)
   
     
     
(430,315
)
Actuarial gain from changes in financial assumptions
   
1,900,436
     
     
     
1,900,436
 
Changes in the asset ceiling during the period and others
   
     
     
(2,247,990
)
   
(2,247,990
)
Return on plan assets greater than discount rate (shortfall)
 
   
(6,210,593
)
 
   
(6,210,593
)
Recognized in other comprehensive income
  Ps. 12,102,265     Ps. (6,210,593 )   Ps. (2,247,990 )   Ps. 3,643,682  
Contributions made by plan participants
   
45,404
     
(45,404
)
   
     
 
Contributions to the pension plan made by the Company
   
     
(10,853
)
   
     
(10,853
)
Benefits paid
   
(27,844,968
)
   
27,547,809
     
     
(297,159
)
Payments to employees
   
(10,868,600
)
   
     
     
(10,868,600
)
Plan changes
   
(29,383
)
   
     
     
(29,383
)
Effect of translation
 
(4,745,061
)
 
3,259,358
   
(346,706
)
 
(1,832,409
)
Others
  Ps. (43,442,608 )   Ps. 30,750,910     Ps. (346,706 )   Ps. (13,038,404 )
Balance at the end of the year
   
334,458,153
     
(204,092,587
)
   
4,055,040
     
134,420,606
 
Less short-term portion
   
(232,102
)
   
           
(232,102
)
Non-current obligation
  Ps. 334,226,051     Ps. (204,092,587 )   Ps. 4,055,040     Ps. 134,188,504  

   
At December 31, 2024
 
   
DBO
   
Plan Assets
   
Effect of asset
ceiling
   
Net employee
benefit liability
 
Balance at the beginning of the year
  Ps. 334,458,153     Ps. (204,092,587 )   Ps. 4,055,040     Ps. 134,420,606  
Current service cost
   
1,889,699
     
     
     
1,889,699
 
Interest cost on projected benefit obligation
   
34,540,808
     
     
     
34,540,808
 
Expected return on plan assets
   
     
(20,306,050
)
   
     
(20,306,050
)
Changes in the asset ceiling during the period and others
   
     
     
357,182
     
357,182
 
Past service costs and other
   
(103,657
)
   
139,115
     
     
35,458
 
Actuarial gain for changes in experience
   
(42,968
)
   
     
     
(42,968
)
Actuarial loss from changes in financial assumptions     
 
(23,068
)
 
   
   
(23,068
)
Net period cost
  Ps. 36,260,814     Ps. (20,166,935 )   Ps. 357,182     Ps. 16,451,061  
Actuarial loss for changes in experience    
   
13,338,950
     
     
     
13,338,950
 
Actuarial gain from changes in demographic assumptions
   
(3,654
)
   
     
     
(3,654
)
Actuarial loss from changes in financial assumptions 
   
(3,018,488
)
   
     
      (3,018,488 )
Changes in the asset ceiling during the period and others  
   
     
     
345,672
     
345,672
 
Return on plan assets greater than discount rate (shortfall)   
 
   
20,947,473
   
   
20,947,473
 
Recognized in other comprehensive income
  Ps. 10,316,808     Ps. 20,947,473     Ps. 345,672     Ps. 31,609,953  
Contributions made by plan participants
   
40,319
     
(40,319
)
   
     
 
Contributions to the pension plan made by the Company
   
     
(548,872
)
   
     
(548,872
)
Benefits paid
   
(16,298,480
)
   
15,970,322
     
     
(328,158
)
Payments to employees
   
(24,325,925
)
   
     
     
(24,325,925
)
Plan changes
   
(847,269
)
   
             
(847,269
)
Effect of translation     
 
3,816,947
   
(2,104,890
)
 
(276,850
)
 
1,435,207
 
Others
  Ps.
(37,614,408 )   Ps. 13,276,241     Ps. (276,850 )   Ps. (24,615,017 )
Balance at the end of the year      
   
343,421,367
     
(190,035,808
)
   
4,481,044
     
157,866,603
 
Less short-term portion
   
(292,907
)
   
     
     
(292,907
)
Non-current obligation
  Ps. 343,128,460     Ps. (190,035,808 )   Ps. 4,481,044     Ps. 157,573,696  

   
At December 31, 2025
 
   
DBO
   
Plan Assets
   
Effect of asset
ceiling
   
Net employee
benefit liability
 
Balance at the beginning of the year
  Ps. 343,421,367     Ps. (190,035,808 )   Ps. 4,481,044     Ps. 157,866,603  
Current service cost
   
1,734,007
     
     
     
1,734,007
 
Interest cost on projected benefit obligation
   
35,248,608
     
     
     
35,248,608
 
Expected return on plan assets
   
     
(18,507,640
)
   
     
(18,507,640
)
Changes in the asset ceiling during the period and others
   
     
     
537,729
     
537,729
 
Past service costs and other
   
(8,463
)
   
144,253
           
135,790
 
Actuarial gain for changes in experience
   
(47,141
)
   
     
     
(47,141
)
Actuarial loss from changes in demographic assumptions
   
586
     
     
     
586
 
Actuarial gain from changes in financial assumptions
 
(21,087
)
   
     
     
(21,087
)
Net period cost
  Ps. 36,906,510     Ps. (18,363,387 )   Ps. 537,729     Ps. 19,080,852  
Actuarial loss for changes in experience
   
45,254,349
     
     
     
45,254,349
 
Actuarial gain from changes in demographic assumptions
   
(29,753
)
   
     
     
(29,753
)
Actuarial loss from changes in financial assumptions
   
426,187
     
     
     
426,187
 
Changes in the asset ceiling during the period and others    
   
     
     
(1,053,402
)
   
(1,053,402
)
Return on plan assets greater than discount rate (shortfall)     
 
     
(7,272,626
)
   
     
(7,272,626
)
Recognized in other comprehensive income
  Ps. 45,650,783     Ps. (7,272,626 )   Ps. (1,053,402 )   Ps. 37,324,755  
Contributions made by plan participants
   
40,961
     
(40,961
)
   
     
 
Contributions to the pension plan made by the Company
   
     
(957,068
)
   
     
(957,068
)
Benefits paid
   
(24,728,015
)
   
24,381,561
     
     
(346,454
)
Payments to employees
   
(17,587,028
)
   
10,558
     
     
(17,576,470
)
Effect of translation
   
(2,792,758
)
   
2,121,319
     
15,300
     
(656,139
)
Others
  Ps. (45,066,840 )   Ps. 25,515,409     Ps. 15,300     Ps. (19,536,131 )
Balance at the end of the year
   
380,911,820
     
(190,156,412
)
   
3,980,671
     
194,736,079
 
Less short-term portion
   
(282,097
)
   
     
     
(282,097
)
Non-current obligation
  Ps. 380,629,723     Ps. (190,156,412 )   Ps. 3,980,671     Ps. 194,453,982  
Plan Assets Invested
Plan assets are invested in:

At December 31


 
2024
   
2025
 
   
Puerto Rico
   
Brazil
   
Mexico
   
Puerto Rico
   
Brazil
   
Mexico
 
Equity instruments
   
53
%
   
     
76
%
   
59
%
   
     
72
%
Debt instruments
   
12
%
   
93
%
   
24
%
   
11
%
   
94
%
   
28
%
Others
   
35
%
   
7
%
   
     
30
%
   
6
%
   
 

   
100
%
   
100
%
   
100
%
   
100
%
   
100
%
   
100
%
Assumptions Used in Determining Net Period Cost
The assumptions used in determining the net period cost were as follows:
 
 
2023
 
2024
 
2025
 
 
Puerto Rico
   
Brazil
   
Mexico
   
Europe
 
Puerto Rico
   
Brazil
   
Mexico
   
Europe
 
Puerto Rico
   
Brazil
   
Mexico
   
Europe
 
Discount rate and long- term rate return
   
5.13
%
   
9.050% & 9.20
%
   
11.65
%
   
3.25
%
   
5.58
%
   
11.4% & 11.07
%
   
11.43
%
   
2.75
%
   
5.30
%
   
11.05% & 11.44
%
   
9.85
%
   
2.75
%
Rate of future salary increases    
2.00
%
   
3.50
%
   
2.8
%
   
6.0%, & 3.6%, - 5.4
%
   
2.00
%
   
3.5
%
   
2.8
%
   
3.8% - 4.4% &
2.9% - 3.8
%
   
2.0
%
   
3.50
%
   
2.8
%
   
3.2% & 2.60% - 2.80
%
Percentage of increase in health care costs for the coming year
   
5.13
%
   
9.71
%
                   
5.53
%
   
9.71
%
                   
5.18
%
   
9.71
%
               
Year to which this level will be maintained
NA
     
2032
                  NA
     
2033
                  NA
     
2033
                 
Rate of increase of pensions
                           
2.50
%
                           
1.70
%
                           
1.60
%
Employee turnover rate*
                           
0.00%-0.91
%
                           
0.00%-0.90
%
                           
0.0%- 0.87
%

*
Depending on years of service
Increase (Decrease) in DBO Pension and Other Benefits Liability The increase (decrease) in the DBO pension and other benefits liability at December 31, 2025 are as follows:
 
 
  -100 points     +100 points  
Discount rate
  Ps.
29,611,395     Ps.
(20,782,860 )
Health care cost trend rate
  Ps.
(254,950 )   Ps.
287,048
 
Long-Term Direct Employee Benefits

   
Balance at
December 31,
2023
   
Effect of
translation
   
Increase of
the year
   
Payments
   
Balance at
December 31,
2024
 
Direct employee benefits
  Ps.
5,389,795
    Ps.
619,696
  Ps.
1,102,643
    Ps.
(2,066,976
)
  Ps.
5,045,158
 

   
Balance at
December 31,
2024
   
Effect of
translation
   
Increase of
the year
   
Payments
   
 Balance at
December 31,
2025
 
Direct employee benefits
  Ps.
5,045,158
    Ps.
37,196
    Ps.
1,910,231
    Ps.
(2,391,624
)
  Ps.
4,600,961