Forus (FORUS) Q2 2026 earnings summary

Executive summary

• Consolidated revenue rose 3.3% year-over-year in 2Q26 to CLP 115,384 million, driven by 14.9% growth in international subsidiaries, while Chile revenues fell 1.1% due to macroeconomic challenges and lower tourist sales.

• International subsidiaries contributed 31% of consolidated sales and continued double-digit growth.

• Direct-to-consumer (DTC) sales accounted for 86% of consolidated sales, improving 4.5% year-over-year.

• Digital sales grew 20.6% year-over-year, representing 34% of DTC and 29% of total revenues.

Financial highlights

• Gross margin slightly declined by 30 basis points to 54.1%, with gross profit up 2.8% to CLP 62,477 million.

• EBIT dropped 26.2% year-over-year to CLP 10,894 million.

• EBITDA margin decreased by 279 basis points to 17.0%, with EBITDA down 11.2% to CLP 19,613 million.

• Net income fell 26.7% year-over-year to CLP 7,465 million.

• 6M26 EPS was $44.9, down 23.5% year-over-year.

Outlook and guidance

• Forward-looking statements highlight expectations for continued business development, project execution, and liquidity management, with caution regarding risks and uncertainties.

• Dividend policy for FY26 set at 40% payout.

• Moody’s Local affirmed AA/Stable rating, citing strong financial position and diversification.