CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Year ended December 31, 2025 and 2024

Figures expressed in thousands of pesos, except dividends paid per share

Note Capital
stock		 Retained
earnings		 Capital
reserves		 Total
stockholder’s
Investment In
controlling
Interest		 Non-controlling
Interest		 Total
stockholder’s
equity
Balance at January 1, 2024 $3,374,282 $134,543,770 $9,294,300 $147,212,352 $287,367 $147,499,719
Changes in accounting policies on investment in associates - (3,401) - (3,401) - (3,401)
Comprehensive income:
Net income - 23,154,279 - 23,154,279 15,387 23,169,666
Financial asset at fair value through other comprehensive income - Net of income tax 15 - 1,960,806 - 1,960,806 - 1,960,806
Remeasurement of the liability for defined benefits - Net of income tax - (27,125) - (27,125) 800 (26,325)
Translation effect of investment in associates - Net of income tax 11 - - 937,913 937,913 - 937,913
Cash flow hedging financial instruments - - 138,859 138,859 - 138,859
Total comprehensive income - 25,087,960 1,076,772 26,164,732 16,187 26,180,919
Transaction with owners:
Increase in reserve of repurchase of shares 22.2 - (2,000,000) 2,000,000 - - -
Repurchase of shares - Net 22.2 - - (3,874) (3,874) - (3,874)
Dividends decreed ($2.95 pesos per share) - (3,959,478) - (3,959,478) - (3,959,478)
Total transactions with stockholders - (5,959,478) 1,996,126 (3,963,352) - (3,963,352)
Balance at December 31, 2024 3,374,282 153,668,851 12,367,198 169,410,331 303,554 169,713,885
Changes in accounting policies on investment in associates - (33,430) - (33,430) - (33,430)
Comprehensive income:
Net income - 17,150,061 - 17,150,061 17,051 17,167,112
Financial asset at fair value through other comprehensive income - Net of income tax 15 - (105,229) - (105,229) - (105,229)
Remeasurement of the liability for defined benefits - Net of income tax - (529,223) - (529,223) (7,144) (536,367)
Translation effect of investment in associates 11 - - (2,356,684) (2,356,684) - (2,356,684)
Cash flow hedging financial instruments - Net - - (95,883) (95,883) - (95,883)
Total comprehensive income - 16,515,609 (2,452,567) 14,063,042 9,907 14,072,949
Transaction with owners:
Increase in reserve of repurchase of shares 22.2 - (23,526) 23,526 - - -
Repurchase of shares - Net 22.2 - - (424,442) (424,442) - (424,442)
Dividends decreed ($2.95 pesos per share) - (3,959,478) - (3,959,478) - (3,959,478)
Total transactions with stockholders - (3,983,004) (400,917) (4,383,920) - (4,383,921)
Balance at December 31, 2025 $3,374,282 $166,168,026 $9,513,714 $179,056,022 $313,461 $179,369,483

The accompanying notes are part of these consolidated financial statements.