-- During the first half of the year, Grupo Nutresa reports total revenues
of COP 10.3 trillion, 2.4% higher than those of the first half of 2025.
-- In Colombia, revenues of COP 6.6 trillion were recorded, representing a
13.0% growth compared to the same period of the previous year.
-- Meanwhile, international revenues in dollars remain stable at USD
1,005.4 million, an increase of 0.4%.
-- The organizational operational excellence process translates into a 32%
expansion in EBITDA--reaching COP 2.0 trillion--and a sales margin of
19.0%.
-- The company finalized agreements to acquire two companies: La Universal,
leader in Ecuador's chocolate industry, and Tio Rico, leader in
Venezuela's ice cream category. Additionally, it received regulatory
approval and closed the acquisition of the Mimos ice cream chain in
Colombia.
MEDELLÃ N, Colombia--(BUSINESS WIRE)--August 06, 2026--
Grupo Nutresa reports profitable growth during the first half of 2026.
Grupo Nutresa closes the first half of the year with numbers that confirm the strength of its businesses and the structural nature of its operational excellence project, which translates into greater profitability, efficiency, and productivity.
During the period, total revenues reached COP 10.3 trillion, a 2.4% increase compared to the same period in 2025.
Sales by Geography and Business Unit
Performance in Colombia -- Growth Engine
Revenues in Colombia totaled COP 6.6 trillion, marking a 13.0% increase compared to the first half of 2025. When expressed in dollars, these sales amount to USD 1,807.9 million, representing growth of 29.7%.
Per business unit, Ice Cream led the growth at 32.8%, followed by Biscuits and Snacks at 24.3%, Food Service at 19.7%, Retail Food at 17.0%, and Coffee at 13.5%. By channel, the traditional channel grew by 20.4%, the modern channel by 14.5%, and our restaurants by 13.9%.
International Performance - Resilience in the face of a strong Peso
Internationally, first semester sales stood at USD 1,005.4 million, reflecting a 0.4% increase compared to the same period of last year. When converted to Colombian pesos, the figure amounts to COP 3.7 trillion, representing a 12.4% decrease driven by a 12.9% appreciation of the local currency against the dollar.
This performance was primarily driven by the Biscuits and Snacks (+13.5%), Ice Cream (+11.2%), and Other (+8.8%) business units. The Coffee and Chocolate business units were affected by a contraction in the industrial ingredients' category and in exports; also impacted by the significant local currency appreciation. In terms of markets, double-digit growth was recorded in Ecuador (+72.7%), Peru (+18.6%), and Chile (+12.5%), measured in US Dollars.
Profitability and Net Income
The gross margin stood at 42.5%, expanding by 420 basis points compared to the first half of 2025, driven by structural cost improvements resulting from internal initiatives, effective raw material and currency hedging, and lower global market commodity benchmark prices.
In terms of profitability, EBITDA adjusted for non-recurring expenses stood at COP 2.00 trillion, a 30.8% increase, with a sales margin of 19.5%. Including these expenses, reported EBITDA was COP 1.95 trillion, up 32.0%, with a sales margin of 19.0%.
Finally, taking the aforementioned factors into account, net income adjusted for non-recurring expenses and unrealized foreign exchange differences stood at COP 724,673 million, reflecting a 36.6% growth. When including the aforementioned non-recurring expenses and foreign exchange differences, the reported figure is COP 78,401 million. The difference between the two numbers stems from the coverages on dollar-denominated debt that are recognized in the Financial Results Statement.
In other corporate matters, Grupo Nutresa finalized agreements to acquire two companies in the region: La Universal in Ecuador, a leader in the chocolate industry, and Tío Rico in Venezuela, a leader in the ice cream industry. Both transactions are expected to close within the next six months, subject to preceding customary conditions and regulatory approvals.
Jaime Gilinski, CEO of Grupo Nutresa: "We continue to advance towards our transformation by strengthening our talent, investing in our brands and our go-to market capabilities aiming to become an increasingly sustainable, innovative, and profitable organization. As a team, we remain committed to delivering results and generating sustainable long-term value."
Separate Financial Statements
In the Separate Financial Statements, Grupo Nutresa S.A. reports a net operating income of COP 99,925 million; of this amount, COP 99,564 million corresponds to income recognized under the equity method for investments in food companies, and COP 392 million to dividends from the investment portfolio.
Net profit stands at COP 78,236 million.
CONSOLIDATED FINANCIAL STATEMENTS
INCOME STATEMENT AS OF JUNE 30$(TH)$ OF 2026
January- January-
June % Revenues June % Revenues % Var.
2026 2025
Continuing
operations
Operating
revenue 10.278.964 10.038.263 2,4%
Cost of goods
sold (5.912.630) -57,5% (6.190.559) -61,7% -4,5%
Gross profit 4.366.334 42,5% 3.847.704 38,3% 13,5%
Administrative
expenses (347.908) -3,4% (369.639) -3,7% -5,9%
Sales expenses (2.414.123) -23,5% (2.297.755) -22,9% 5,1%
Exchange
differences on
operating
assets and
liabilities 15.613 0,2% 16.710 0,2% -6,6%
Other operating
income, net 51.854 0,5% 48.928 0,5% 6,0%
Operating profit 1.671.770 16,3% 1.245.948 12,4% 34,2%
Financial income 468.947 4,6% 250.381 2,5% 87,3%
Financial
expenses (1.103.436) -10,7% (582.436) -5,8% 89,5%
Dividends 448 0,0% 309 0,0% 45,0%
Exchange
differences on
non-operating
assets and
liabilities (707.348) -6,9% (12.461) -0,1% N/A
Share of profit
of associates
and joint
ventures 426 0,0% (11.451) -0,1% -103,7%
Other
non-operating
(expenses)
income, net (28.626) -0,3% 173.336 1,7% -116,5%
Income before
tax and
non-controlling
interest 302.181 2,9% 1.063.626 10,6% -71,6%
Current income
tax (226.712) -2,2% (233.077) -2,3% -2,7%
Deferred income
tax 50.219 0,5% (17.831) -0,2% N/A
Profit after
taxes from
continuous
operations 125.688 1,2% 812.718 8,1% -84,5%
Discontinued
operations,
after income
tax (45.438) -0,4% (93.907) -0,9% -51,6%
Net profit for
the period 80.250 0,8% 718.811 7,2% -88,8%
Non-controlling
interest 1.849 0,0% 6.044 0,1% -69,4%
Profit for the
period
attributable to
controlling
interest 78.401 0,8% 712.767 7,1% -89,0%
EBITDA 1.950.395 19,0% 149.500 1,5% N/A
BALANCE SHEET AS OF JUNE 30(TH) 2026
June 2026 December 2025 % Var.
ASSETS
Current assets
Cash and cash equivalents 2.471.197 3.195.196 -22,7%
Financial assets measured at amortized
cost 1.057.574 102.540 N/A
Trade receivables and other account
receivables, net 2.053.000 2.108.177 -2,6%
Inventories, net 2.525.560 2.558.764 -1,3%
Biological assets 182.818 179.106 2,1%
Other assets 1.016.944 659.277 54,3%
Non-current assets held for sale 14.933 14.930 0,0%
Total current assets 9.322.026 8.817.990 5,7%
Non-current assets
Financial assets measured at amortized
cost 7.867.226 8.630.388 -8,8%
Trade receivables and other account
receivables, net 5.213.189 49.169 N/A
Investments in associates and joint
ventures 42.137 61.246 -31,2%
Equity investments measured at fair
value 45.711 47.988 -4,7%
Property, plant and equipment, net 4.297.882 4.361.575 -1,5%
Right-of-use assets 863.453 857.059 0,7%
Investment properties 7.320 7.478 -2,1%
Goodwill 2.267.593 2.347.166 -3,4%
Other intangible assets 1.283.791 1.328.762 -3,4%
Deferred tax assets 1.580.792 895.863 76,5%
Other assets 15.725 14.641 7,4%
Total non-current assets 23.484.819 18.601.335 26,3%
TOTAL ASSETS 32.806.845 27.419.325 19,6%
LIABILITIES
Current liabilities
Financial obligations 1.571.613 902.519 74,1%
Loans from related parties 983.683 6.836 N/A
Lease liabilities 158.909 158.714 0,1%
Trade payables and other payables 2.069.135 2.370.452 -12,7%
Income tax and taxes payable 888.455 471.059 88,6%
Employee benefits liabilities 267.610 432.304 -38,1%
Provisions 3.913 4.266 -8,3%
Other liabilities 136.461 127.218 7,3%
Total current liabilities 6.079.779 4.473.368 35,9%
Non-current liabilities
Financial obligations 12.903.863 14.285.982 -9,7%
Loans from related parties 980.702 1.116.228 -12,1%
Lease liabilities 840.179 839.400 0,1%
Employee benefits liabilities 182.395 185.655 -1,8%
Deferred tax liabilities 1.759.818 1.095.048 60,7%
Provisions 6.549 6.933 -5,5%
Total non-current liabilities 16.673.506 17.529.246 -4,9%
TOTAL LIABILITIES 22.753.285 22.002.614 3,4%
SHAREHOLDER EQUITY
Equity attributable to the controlling
interest 10.019.570 5.377.738 86,3%
Non-controlling interest 33.990 38.973 -12,8%
TOTAL SHAREHOLDER EQUITY 10.053.560 5.416.711 85,6%
TOTAL LIABILITIES AND EQUITY 32.806.845 27.419.325 19,6%
SEPARATED FINANCIAL STATEMENTS
INCOME STATEMENT AS OF JUNE 30(TH) OF 2026
January-June January-June
2026 % Revenues 2025 % Revenues % Var.
Portfolio
dividends 392 0,4% 296 0,0% 32,4%
Share of profit
for the period
of
subsidiaries 99.564 99,6% 561.845 76,9% -82,3%
Share of profit
for the period
of associates - 0,0% (12.265) -1,7% -100,0%
Impairment of
investments in
associates (31) 0,0% - 0,0% -
Income from
sale of
investments in
associates - 0,0% 180.345 24,7% -100,0%
Gross profit 99.925 100,0% 730.221 100,0% -86,3%
Administrative
expenses (674) -0,7% (7.154) -1,0% -90,6%
Exchange
differences on
operating
assets and
liabilities 418 0,4% (125) 0,0% N/A
Other operating
(expenses)
income, net (225) -0,2% 1.976 0,3% -111,4%
Operating
profit 99.444 99,5% 724.918 99,3% -86,3%
Financial
income 2.043 2,0% 743 0,1% 175,0%
Financial
expenses (16.840) -16,9% (212) 0,0% N/A
Exchange
differences on
non-operating
assets and
liabilities 54.503 54,5% (5.929) -0,8% N/A
Other net
non-operating
expenses (21.341) -21,4% - 0,0% -
Income before
tax 117.809 117,9% 719.520 98,5% -83,6%
Current income
tax (4.408) -4,4% (4.496) -0,6% -2,0%
Deferred income
tax (35.165) -35,2% (2.996) -0,4% N/A
Net profit for
the period 78.236 78,3% 712.028 97,5% -89,0%
Earnings per
share 173,06 1555,78 -88,9%
BALANCE SHEET AS OF JUNE 30(TH) 2026
June 2026 December 2025 % Var.
ASSETS
Current assets
Cash and cash equivalents 23.991 21.802 10,0%
Trade and other receivables 85.335 80.597 5,9%
Other assets 745 278 168,0%
Total current assets 110.071 102.677 7,2%
Non-current assets
Trade and other receivables 45 58 -22,4%
Investments in subsidiaries 8.364.406 7.011.837 19,3%
Equity investments measured at fair
value 2.035 2.035 0,0%
Property, plant and equipment, net 220 245 -10,2%
Deferred tax assets - 1.697 -100,0%
Total non-current assets 8.366.706 7.015.872 19,3%
TOTAL ASSETS 8.476.777 7.118.549 19,1%
LIABILITIES
Current liabilities
Financial obligations 978.427 0 -
Trade payables and other payables 39.559 49.768 -20,5%
Income tax and taxes payable 2.911 3.046 -4,4%
Employee benefits liabilities 375 3.384 -88,9%
Total current liabilities 1.021.272 56.198 N/A
Non-current liabilities
Employee benefits liabilities 284 260 9,2%
Deferred tax liabilities 33.468 0 -
Other liabilities 78.835 3.002 N/A
Total non-current liabilities 112.587 3.262 N/A
TOTAL LIABILITIES 1.133.859 59.460 N/A
SHAREHOLDER EQUITY 7.342.918 7.059.089 4,0%
TOTAL LIABILITIES AND EQUITY 8.476.777 7.118.549 19,1%
INDICATORS
Consolidated June 2026 December 2025
Debt - Net Debt/EBITDA excluding non-recurrent
expenses 3,86 3,73
Debt - Net Debt/ Q4 run rate EBITDA excluding
non-recurrent expenses 3,80 3,16
Solvency - Assets/Liabilities 1,44 1,25
Liquidity - Current Assets/Current Liabilities 1,53 1,97
Separate June 2026 December 2025
Indebtedness - Net debt/EBITDA - -
Solvency - Assets/Liabilities 7,48 119,72
Liquidity - Current Assets/Current Liabilities 0,11 1,83
(1) Gross financial debt includes the principal amount of financial
obligations, hedges, financial leases, and 50% of hybrid bonds; it excludes
intercompany transactions. (2) Cash excludes restricted cash and a USD 2.0
million certificate of deposit $(CDT)$. (3) EBITDA for the last twelve months
excludes non-recurring expenses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260806296822/en/
CONTACT:
alondono@serviciosnutresa.com