Hortifrut (HF-B) investor relations material

Executive summary

• Revenue for the first half of 2026 reached $712.8 million, up 11% year-over-year, driven by growth in Asia and South America, despite a decline in Europe and North America sales.

• Net income for the period was $13.4 million, a significant turnaround from a $65.9 million loss in the same period last year.

• Gross margin improved to $101.0 million from $80.4 million year-over-year, reflecting better cost management and higher value-added product sales.

• EBITDA for the trailing twelve months was $197.9 million, with an adjusted EBITDA of $184.8 million for covenant purposes.

Financial highlights

• Operating income for H1 2026 was $59.1 million, compared to a loss of $48.3 million in H1 2025.

• Cost of sales increased to $599.8 million, but was offset by higher revenues and improved segment mix.

• Net financial costs rose to $29.5 million from $22.3 million year-over-year.

• Total assets as of June 30, 2026, were $1.74 billion, with equity of $622.7 million.

• Cash and equivalents stood at $74.8 million at period end.

Outlook and guidance

• Management expects continued revenue growth in Asia and South America, with ongoing cost control measures.

• Sufficient liquidity and cash flow are projected to cover working capital and interest payments for the next 12 months.

• The company is monitoring potential impacts from pending tax reforms in Chile.