🧾 What This Document Is

This is a "Form 6-K," which is a report foreign companies (like Mexico's Grupo Televisa) file with the U.S. Securities and Exchange Commission (SEC) to share material news with American investors.

👉 In simple terms: Think of it as an official press release being stamped and sent to the U.S. financial watchdog. The core news here is that the company has published its final, audited financial results for 2025 on its website, a required step before its big annual shareholder meeting.

🏢 What The Company Does

👉 In simple terms: Grupo Televisa is the dominant media powerhouse in Mexico. It's the giant behind the country's most-watched television channels (like Canal de las Estrellas), produces popular telenovelas, owns major pay-TV channels (like Sky), and has significant interests in telecommunications through its stake in Telmex/América Móvil. It's a cornerstone of Latin American media.

💰 The Key Announcement: Published Financials

The entire filing is about one action: making the audited consolidated financial statements for the year ended December 31, 2025, publicly available.

• What was published: The complete, official financial report for the full year 2025, verified by independent auditors.
• Why now (April 1, 22026): This is done in anticipation of the General Ordinary Stockholders Meeting. By law (Mexican Corporations General Law, Article 186), they must publish these statements beforehand so shareholders can review them before voting.
• Important caveat: These statements are not yet approved by the company's Board or the shareholders. They are "subject to their approval" at the upcoming meeting. This is standard procedure.

📅 What's Next: The Shareholder Meeting

This publication triggers the countdown to the annual stockholders meeting.

• The agenda item: Shareholders will review and vote to approve these very financial statements.
• Why it matters: Approval of the financials is a fundamental governance ritual. It signifies shareholder endorsement of the company's financial reporting and is a routine but essential part of the corporate calendar. It keeps the company in good legal standing.

📦 Reading Between the Lines: Financial Position

While this filing doesn't contain the new numbers (they are in the published statements), its existence tells us:

• The audit is complete: The heavy lifting by external auditors is done. The 2025 books are closed and verified.
• No surprises hinted: The filing itself contains no warnings or adjustments, which is a neutral signal. The market will now scrutinize the actual statements for details on revenue, profit, debt, and performance across Televisa's media and telecom segments.
• A regulatory box checked: This is a compliance action, demonstrating the company is following both U.S. SEC rules for foreign issuers and Mexican corporate law.

⚖️ Big Picture

This is a procedural filing, but it's a key step in the annual financial reporting cycle.

• 👍 Strength (Procedural Compliance): Televisa is following its legal obligations transparently, providing the U.S. market with timely access to its official audited results.
• ⚠️ Risk (The Waiting Game): The numbers are out there for analysts to digest, but the formal corporate approval process is still pending. This is normal, but it means the full "sign-off" isn't complete.

🧠 The Analogy

Think of this filing like a university publishing the final, graded exam results for a course online. The students (shareholders) can now see their scores (the financials). The next step is the formal class meeting where the professor (the Board) and the students officially accept the grades and move on to the next semester.

📇 Key Contacts & People

Investor Relations:

• Rodrigo Villanueva, VP, Head of Investor Relations / [email protected]
• Andrés Audiffred, Investor Relations Director / [email protected]
• Nicolás Espinoza, Investor Relations Manager / [email protected]
• Tel: (52 55) 5261 2445

Media Relations:

• Rubén Acosta, Communications General Director / [email protected]
• Florencia López de Rodas, Communications and Media Director / [email protected]
• Tel: (52 55) 5224 6420

Filing Signatory:

• Luis Alejandro Bustos Olivares, Legal Vice President and General Counsel

🧩 Final Takeaway

This 6-K is a formal notice that Grupo Televisa has put its final, audited 2025 financial report on display for investors ahead of the annual shareholder meeting, where it will be officially voted on. It's a routine but essential step in the corporate governance calendar.