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Financial Data and Key Metrics Changes - In the third quarter, total revenue reached 233 billion pesos, reflecting a year-over-year increase of 4.2% in Mexican peso terms and 6.2% at constant exchange rates [6][9] - EBITDA totaled 94 billion pesos, up 4.9% in nominal terms and 6.8% at constant exchange rates compared to the previous year [8][9] - Net income surged to 23 billion pesos, equivalent to $0.38 per share or $0.40 per ADR, with free cash flow increasing by 47% year-on-year to 53 billion pesos [9][10] Business Line Data and Key Metrics Changes - The postpaid client base increased by 8.1% year-over-year, with 3 million new postpaid clients added in the quarter [5][6] - Fixed broadband accesses grew by 5.1%, with 536,000 new broadband accesses added, including 211,000 in Mexico [5][6] - Mobile service revenue grew by 7.1%, the highest rate in two years, driven by a recovery in prepaid revenue, which expanded by 3.9% [6][7] Market Data and Key Metrics Changes - The U.S. dollar depreciated against several currencies in the region, declining 2.7% against the Mexican peso and 4.1% against the Colombian peso [4] - In Brazil, prepaid ARPU grew by 7.3%, indicating increased consumption and usage of services [27] Company Strategy and Development Direction - The company is evaluating potential acquisitions, including a joint bid with Entel for Telefónica assets in Chile, and is open to opportunities in Brazil [20][21] - Investments in network modernization and expansion, particularly in 5G technology, are ongoing to enhance competitiveness in various markets [38] Management's Comments on Operating Environment and Future Outlook - Management noted that the recovery in mobile prepaid revenues in Mexico is closely tied to economic conditions, with expectations for continued improvement [14] - In Colombia, the company is experiencing growth in service revenue and is optimistic about future performance despite competitive pressures [34] Other Important Information - The company returned to a trend where EBITDA growth outpaced revenue growth, which is expected to continue [8] - Capital expenditures totaled 85 billion pesos, with a focus on enhancing network capabilities and expanding service offerings [9] Q&A Session Summary Question: Mobile prepaid revenues in Mexico - Management indicated that the recovery in prepaid revenues is linked to economic improvement and expects this trend to continue into the fourth quarter [14] Question: Margin expansion in Chile, Uruguay, and Paraguay - Management clarified that margin expansion is due to operational improvements and synergies, with no significant one-off effects [15] Question: Potential acquisitions in Chile and Brazil - Management confirmed they are evaluating a joint bid for Telefónica assets in Chile and assessing opportunities in Brazil, with no binding commitments yet [20][21] Question: Competitive environment in Mexico - Management acknowledged strong competition but emphasized their superior network quality and customer service as key differentiators [25] Question: Performance drivers in Brazil's prepaid segment - Management noted significant investments in network coverage and 5G technology, contributing to growth in the prepaid segment despite some disconnections [27]

Financial Data and Key Metrics Changes - In Q3 2025, América Móvil reported total revenue of 233 billion pesos, up 4.2% in Mexican peso terms and 6.2% at constant exchange rates [6] - EBITDA totaled 94 billion pesos, increasing by 4.9% in nominal terms and 6.8% at constant exchange rates [9] - Net income surged to 23 billion pesos, equivalent to $0.38 per share or $0.40 per ADR, with free cash flow amounting to 53 billion pesos, a 47% increase year on year [10][11] Business Line Data and Key Metrics Changes - The postpaid client base increased by 8.1% year over year, with 3 million new postpaid clients added in the quarter [5][6] - Mobile service revenue grew by 7.1%, the fastest rate in two years, driven by a recovery in prepaid revenue, which expanded by 3.9% [7] - Fixed-line service revenue decelerated to 4.7% growth, impacted by a slowdown in corporate networks revenue, which fell from a 15% increase in Q2 to 3.5% in Q3 [8] Market Data and Key Metrics Changes - The U.S. dollar depreciated against several currencies in the region, declining 2.7% against the Mexican peso and 4.1% against the Colombian peso [4] - In Brazil, the company added 1.5 million postpaid clients, contributing significantly to overall growth [5] Company Strategy and Development Direction - The company is evaluating potential acquisitions, including a joint bid with Entel for Telefónica assets in Chile, indicating a strategy focused on market consolidation [18][19] - Investments in network modernization and customer service enhancements are ongoing, particularly in Chile, where the company has seen significant EBITDA growth [34] Management's Comments on Operating Environment and Future Outlook - Management noted that the recovery in mobile prepaid revenues in Mexico is closely tied to economic conditions, with expectations for continued improvement [14] - In Colombia, the company is optimistic about growth despite competitive pressures, with service revenue increasing by 7.8% [29] Other Important Information - The company reduced its net debt by 16 billion pesos, ending the quarter with a net debt of 454 billion pesos, equivalent to 1.55 times net debt to EBITDA after leases [11] Q&A Session Summary Question: Mobile prepaid revenues in Mexico recovery drivers - Management indicated that the recovery is closely related to economic conditions and expects continued improvement in mobile revenues [14] Question: Margin expansion in Chile, Uruguay, and Paraguay - Management confirmed that margin expansion is due to operational improvements and synergies, with no one-off accounting effects [15] Question: Potential acquisitions in Brazil and Chile - Management is evaluating opportunities in both regions, with a focus on strategic acquisitions that make sense for the company [18][19] Question: Competitive environment in Mexico - Management acknowledged strong competition but emphasized their superior network quality and customer service as key differentiators [22] Question: Performance drivers in Brazil's prepaid segment - Management noted that ARPU in Brazil's prepaid segment is growing at 7.3%, driven by increased consumption and network investments [26] Question: Competitive market update for Colombia and Chile - Management highlighted ongoing investments in fiber and network improvements, with expectations for continued growth despite competitive pressures [30][34]

Core Insights - Amer Movil (AMX) reported quarterly earnings of $0.4 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and showing significant growth from $0.11 per share a year ago, resulting in an earnings surprise of +11.11% [1] - The company posted revenues of $12.51 billion for the quarter ended September 2025, which was slightly below the Zacks Consensus Estimate by 0.42%, but an increase from $11.82 billion year-over-year [2] - Amer Movil's stock has increased by approximately 46.2% since the beginning of the year, outperforming the S&P 500's gain of 13% [3] Earnings Outlook - The future performance of Amer Movil's stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $13.27 billion, and for the current fiscal year, it is $1.42 on revenues of $49.7 billion [7] Industry Context - The Wireless Non-US industry, to which Amer Movil belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

Core Insights - America Movil reported a more than threefold increase in third-quarter profit for 2025, indicating strong financial performance [1] - The company's revenues experienced a 4% increase, reflecting growth in its operations [1] Financial Performance - The profit for the third quarter of 2025 increased more than threefold compared to previous periods [1] - Revenues rose by 4%, showcasing a positive trend in the company's financial results [1]

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] - Amer Movil (AMX) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating potential for outperformance [2][3] Price Performance - AMX shares have increased by 0.53% over the past week, outperforming the Zacks Wireless Non-US industry, which rose by 0.28% [5] - Over the last month, AMX's price change is 4.84%, significantly higher than the industry's 0.19% [5] - In the longer term, AMX shares have gained 22.18% over the past quarter and 31.9% over the last year, while the S&P 500 has only increased by 7.89% and 17.66%, respectively [6] Trading Volume - The average 20-day trading volume for AMX is 2,094,028 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, one earnings estimate for AMX has increased, raising the consensus estimate from $1.41 to $1.46 for the full year [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Considering the positive price performance, trading volume, and earnings outlook, AMX is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Core Viewpoint - Amer Movil (AMX) is currently outperforming the Computer and Technology sector, with a year-to-date return of 48.2% compared to the sector's average gain of 24.4% [4]. Company Performance - Amer Movil is ranked 3 in the Zacks Sector Rank among 606 companies in the Computer and Technology group [2]. - The Zacks Rank for Amer Movil is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3]. - Over the past 90 days, the Zacks Consensus Estimate for Amer Movil's full-year earnings has increased by 2.3% [3]. Comparative Analysis - The Wireless Non-US industry, which includes Amer Movil, is ranked 98 in the Zacks Industry Rank and has an average year-to-date gain of 37.2% [5]. - In comparison, Micron (MU), another outperforming stock in the sector, has returned 133.5% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5].

Core Insights - Telecom operator Claro, owned by Mexico's America Movil, is in advanced negotiations to acquire Brazilian internet provider Desktop [1] Company Summary - Claro is a telecom operator that is part of America Movil, a major player in the telecommunications industry in Latin America [1] - Desktop is a Brazilian internet service provider that is currently being considered for acquisition by Claro [1] Industry Context - The acquisition reflects ongoing consolidation trends in the telecommunications sector, particularly in the Brazilian market, as companies seek to enhance their service offerings and market presence [1]

Core Viewpoint - Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, indicating strong economic potential with a post-tax IRR of 70.1% and a post-tax NPV of C$1,085 million at a gold price of US$2,500 per ounce [4][5][48]. Economic Highlights - The updated PEA incorporates the latest Mineral Resource Estimate and a new project development strategy, assuming a gold price of US$2,500/oz and a C$/US$ exchange rate of 1.38:1 [4][48]. - Cumulative undiscounted post-tax cash flow is projected at C$1,768 million, with C$1,273 million expected over the first 10 years of production [5][48]. - Average gold production is estimated at 112,000 ounces per year for the first 10 years, with a life of mine (LOM) total production of 1.66 million ounces [8][44]. Production Strategy - The project will be developed in two phases: Phase 1 involves a 4-year toll milling operation with a capacity of 1,000 tonnes per day (tpd), while Phase 2 will establish a 2,000 tpd on-site processing plant [6][21]. - Initial capital expenditure for Phase 1 is estimated at C$146.1 million, netting to C$77.5 million after accounting for pre-production revenues of C$68.6 million [36][48]. - The staged production strategy aims to minimize shareholder dilution and accelerate time to revenue, targeting production commencement in 2028 [6][7]. Financial Analysis - At a base case gold price of US$2,500/oz, the project generates a post-tax NPV of C$1,085 million and a post-tax IRR of 70.1%, with a payback period of 1.4 years [48][49]. - Sensitivity analysis shows that at a spot price of US$3,400/oz, the post-tax NPV increases to C$1,841 million and the IRR to 107.6%, with a payback period of 0.4 years [49][50]. Operating Costs - The LOM total operating cost is estimated at US$891 per ounce of gold produced, placing the project in the bottom quartile of the global gold cost curve [44][48]. - The average all-in sustaining cost (AISC) is projected at US$1,061 per ounce over the mine's life [44][48]. Infrastructure and Workforce - The project is located approximately 6.5 kilometers from Normétal, Quebec, and will require various infrastructure developments, including a processing plant and water management facilities [27][30]. - During steady-state operations, the workforce is expected to peak at 272 employees during Phase 1 and 335 during Phase 2 [31]. Environmental and Permitting - The project will undergo an environmental impact assessment as required by regulations, with ongoing studies to identify key environmental and social risks [56][57]. - Specific provincial and federal permits will be required for various project components once the environmental assessment is completed [58]. Stakeholder Engagement - The company has established a relationship of trust with the Abitibiwinni First Nation and prioritizes stakeholder engagement and communication throughout the project development [59][60]. Exploration Update - Amex has expanded its land holdings with the acquisition of the Perron West property, enhancing its exploration plans in the Normétal-Burntbush greenstone belt [61][62]. - Ongoing surface exploration work includes soil sampling and geological mapping, with results expected to inform future drilling programs [63].

Financial Performance - Operating revenue decreased by 3.4% from $24.75 million in FY24 to $23.90 million in FY25[13, 15] - MetroMap subscription revenue increased by 11.5% to $9.57 million in FY25[12, 14, 18, 65, 68] - Subscription revenue now contributes 40% of total revenue[12, 65] - MetroMap Annual Contract Value (ACV) grew by 12.8% to $10.56 million[13, 14, 16, 18, 65, 69] - 3D revenue increased significantly by 78.4% to $1.53 million[14, 29, 65] - LiDAR revenue decreased by 22.8% to $10.92 million[25, 65] - EBITDA increased by 19.8% from $2.89 million in FY24 to $3.46 million in FY25[13, 68, 70] Strategic Focus - The company is focused on scaling revenue and driving cash generation[66] - Key focus areas for FY26 include driving ACV and off-the-shelf sales for MetroMap, building the MetroMap Program Partner model, and product enhancements[57, 61] - The company aims to build and accelerate the opportunity pipeline for LiDAR and explore new market opportunities in renewables and carbon farming[58, 61] - For Global 3D, the company plans to pursue Australian project opportunities and continue to build awareness and capability in international markets[59, 61]