The labor obligations of the Comisión Federal de Electricidad (CFE) reached 555,617 million pesos at the close of September 2026, an increase of 25.7% compared with the 441,903 million pesos of a year earlier, according to the quarterly report reviewed by El CEO.

The increase amounts to 113,713 million pesos more over twelve months. In the same period, the company reported a net loss of 23,310 million pesos, compared with a profit of 56,416 million in the third quarter of 2025, according to Expansión. The utility attributed the result to foreign exchange losses from the valuation of obligations in foreign currency and to the actuarial update of its labor commitments. The figure matters for Mexico because these provisions accumulate alongside financial debt of 501,315 million pesos and debts with suppliers and contractors of 80,535 million, commitments that coexist with the needs to expand and modernize the national electricity grid.

The company's total costs rose 1.3% in the quarter, a movement that CFE itself described in its report: "this effect is mainly due to the payment of remuneration and labor obligations," Expansión reported. Cost of sales reached 161,736 million pesos, 22.1% more than a year earlier, and operating profit fell 53%, to 18,354 million, according to El Financiero. Revenue for the period was 186,231 million, barely 1.06% higher than in the third quarter of 2025. Labor liabilities advanced 0.26% compared with the previous quarter, from 554,200 million, so the jump is concentrated in the year-over-year comparison. Energy specialist Ramses Pech noted that the improvement toward the close of 2026 will depend on the exchange rate, the cost of natural gas and expense control.

CFE maintained in a statement that the quarter's results confirm operational and financial strength, and accumulated profit from January to September stood at 24,313 million pesos, 80.6% below the 125,106 million of the same period in 2025. The next point of reference will be the fourth-quarter report to the Bolsa Mexicana de Valores, where the weight of the actuarial update and the exchange rate in the annual result will be recorded.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.