Alicorp (ALICORC1) Q2 2026 earnings summary

Executive summary

• Achieved 10.2% year-over-year revenue growth in Q2 2026, with 5.2% organic sales increase and strong volume growth, reflecting resilient demand and effective strategy execution.

• Strengthened market position in Consumer Goods Peru, with market share gains in five of seven key brands and 13.5% year-to-date revenue growth.

• Recent acquisitions (Jabonería Wilson, Inka Crops) contributed significantly to growth and were successfully integrated.

• Adjusted EBITDA increased 7.5% year-over-year to PEN 470 million, reflecting strong performance in Consumer Goods Peru and International Business.

• Net income for the quarter was S/ 203.6 million, up from S/ 166.8 million in 2Q25.

Financial highlights

• Q2 2026 revenue reached PEN 3,155 million (S/ 3,154.5 million), up 10.2% year-over-year, driven by strong organic volume growth and favorable sales mix.

• Adjusted EBITDA was PEN 470 million, up 7.5% year-over-year; adjusted EBITDA margin at 14.9%, down 0.4 percentage points.

• Adjusted gross profit rose 8.8% year-over-year to S/ 824.1 million; adjusted gross margin was 26.1%.

• Net income for 2Q26 was S/ 203.6 million, with basic EPS of 0.348 cents per share.

• Volume grew 10.5% year-over-year to 684.3 thousand metric tons in 2Q26.

Outlook and guidance

• Updated full-year revenue guidance to mid to high single-digit growth; adjusted EBITDA expected to grow at low to mid single digits.

• Net debt to adjusted EBITDA expected at ~2.0x by year-end, potentially rising to 2.4x if new acquisitions close.

• CapEx guidance reaffirmed at $110 million for 2026, supporting organic growth and strategic priorities.

• Management remains focused on portfolio momentum, innovation, and integration of recent acquisitions.

• Continued emphasis on working capital management and financial flexibility to support growth.