Grupo Nutresa (NUTRESA) Q2 2026 earnings summary

Executive summary

• Consolidated sales for 2Q 2026 reached COP 5.1 trillion, with strong local currency performance but a 1.6% decrease in reporting currency due to FX effects; USD sales grew 14.4%.

• EBITDA reached COP 2.0 trillion in H1 2026, up 32% year-over-year, reflecting operational excellence and cost improvements.

• Total revenues were COP 10.3 trillion, a 2.4% increase compared to H1 2025, with Colombian revenues up 13% and international revenues stable in USD terms.

• Net income adjusted for non-recurring items was COP 724.7 billion, up 36.6%; reported net income was COP 78.4 billion due to FX impacts.

• Strategic acquisitions announced or finalized: La Universal (Ecuador), Tio Rico (Venezuela), and Mimo's (Colombia).

Financial highlights

• Quarterly adjusted EBITDA margin expanded to 18.5%, with adjusted EBITDA at COP 941.4 billion (+19.0% YoY).

• Accumulated adjusted EBITDA for the first semester reached COP 2.0 trillion, margin at 19.5%.

• Gross margin expanded to 42.5%, up 420 basis points year-over-year.

• Operating profit for H1 2026 was COP 1.67 trillion, up 34.2% year-over-year.

• Net profit for 2Q 2026 was COP 93.7 billion, with a net margin of 1.8%.

Outlook and guidance

• EBITDA guidance reaffirmed at USD 1.15–1.25 billion for the year, with margin expected between 18% and 20%.

• Management emphasizes continued transformation, investment in brands, and focus on sustainable, profitable growth.

• Acquisitions in Ecuador and Venezuela expected to close within six months, pending regulatory approvals.