Grupo Nutresa (NUTRESA) Q1 2025 earnings summary

Executive summary

• Revenue reached COP 4.87 trillion in Q1 2025, up 13.1% year-over-year, with 58.9% from Colombia and 41.1% from international markets, reflecting broad-based growth.

• EBITDA rose 17.2% to COP 729.3 billion, with a margin of 15.0%, the highest in over five years.

• Net profit attributable to controlling interest increased 15.9% to COP 237.5 billion.

• Issued USD 2 billion in international bonds, the largest debut by a Latin American company, with strong investor demand and high credit ratings.

• Portfolio management included divestments (Starbucks Colombia, Bimbo minority stake) and acquisition of up to 100% of Productos Yupi.

Financial highlights

• Operating revenue grew 13.1% year-over-year to COP 4.87 trillion.

• Gross profit increased 7.4% to COP 1.89 trillion, with a gross margin of 38.7%.

• Operating profit rose 22.4% to COP 602.3 billion; operating margin improved to 12.4%.

• EBITDA margin improved to 15.0% from 14.5% in Q1 2024.

• Net profit margin was 4.9%, up from 4.8% year-over-year.

Outlook and guidance

• Targeting EBITDA of USD 1.1–1.2 billion and margin of 18–20% of sales by end-2026, with over 1,300 efficiency initiatives underway.

• Transformation roadmap includes advanced analytics, supply chain redesign, and portfolio optimization over the next 12–18 months.

• Margin improvements expected to continue, with 50 basis points of expansion anticipated in Q2 2025.

• No short-term divestments planned; focus remains on strengthening all categories.

• Management reversed the 2024 decision to amortize certain brands, now classifying them as indefinite-lived.