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Hortifrut (HF-B) investor relations material
Hortifrut Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
- Q1 2026 saw stable revenue, higher net profit, and strong operating cash flow.HF-B
Q1 2026 - 2025 revenue rose 5.3% to $1,227M, but net loss deepened to $73.3M on higher impairments.HF-B
Q4 2025 - Revenue up 7% to US$1,026M; EBITDA +23%; net profit down 38% on asset impairments.HF-B
Q4 2023 - Revenue up, but net loss driven by asset impairments; liquidity remains strong.HF-B
Q3 2025 - H1 2025 saw $641.6M revenue, $75.4M net loss, and strong North American sales amid higher costs.HF-B
Q2 2025 - Net income rose 44% to $37.2M in Q1 2025, with improved margins and strong liquidity.HF-B
Q1 2025 - Revenue, net income, and cash flow rose as Hortifrut expanded globally and managed risks.HF-B
Q3 2024 - Revenue up 25% to $629.8M, net income $20.2M, strong liquidity and global expansion.HF-B
Q2 2024 - Revenue up 13.6% to $1.16B, but $41.2M net loss due to higher impairment and costs.HF-B
Q4 2024
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