Quiñenco (QUINENCO) Q1 2026 earnings summary

Executive summary

• Net income for 1Q 2026 was Ch$200,067 million, down 2.8% year-over-year, mainly due to a sharp drop in CSAV's contribution, offset by non-recurring gains from the sale and reclassification of Nexans shares.

• Enex and SM SAAM improved their contributions, while Banco de Chile and CCU saw declines.

• Significant corporate governance changes included a new CEO and board adjustments.

Financial highlights

• Consolidated revenues rose 1.3% year-over-year to Ch$1,395,359 million, driven by Enex and SM SAAM.

• Operating income surged to Ch$282,112 million from Ch$39,307 million, mainly due to non-recurring gains at the corporate level.

• EBITDA increased 10.6% to Ch$94,906 million.

• Non-operating income swung to a loss of Ch$57,901 million from a gain of Ch$150,489 million.

• Earnings per share were Ch$120.32.

Outlook and guidance

• Hapag-Lloyd's merger with ZIM and SM SAAM's acquisition of Intertug's remaining stake signal ongoing portfolio adjustments.

• Dividend payout for 2025 net income reached 100%, totaling Ch$680 billion.