Grupo Nutresa (NUTRESA) Q1 2026 earnings summary

Executive summary

• Q1 revenue reached COP 5,196,511 million, up 6.6% YoY; volume rose 2.5% and average prices increased 4.0%.

• Colombia sales rose 14.3%; international sales grew 8.3% in USD, while peso appreciation reduced their COP value by 4.4%.

• Gross margin expanded 370 bps; adjusted EBITDA was COP 1.06 trillion, up 43.4%, with a 20.4% margin. Reported EBITDA was COP 1,036,937 million, up 42.2%.

• Reported net loss was COP 15,081 million, compared with net profit of COP 241,252 million in Q1 2025, as higher financial expenses and non-operating FX losses weighed on results.

Financial highlights

• Revenue was COP 5,196,511 million vs COP 4,872,788 million YoY; gross profit was COP 2,209,027 million vs COP 1,887,611 million.

• Colombian sales were COP 3.3 trillion; international sales were USD 517.9 million, up 8.3% in USD and down 4.4% in COP.

• Operating profit rose to COP 898,567 million from COP 602,273 million; reported EBITDA reached COP 1,036,937 million vs COP 729,279 million.

• Net loss was COP 15,081 million; continuing-operations profit after tax was COP 19,442 million, while discontinued operations recorded a COP 34,523 million loss.

• Operating cash flow was COP 400,499 million; cash and cash equivalents closed at COP 3,809,896 million, up from COP 3,195,196 million at December 2025.

Outlook and guidance

• 2026 guidance reaffirmed: high-single- to double-digit top-line growth and EBITDA margin of 19%–20%, equivalent to USD 1.15–1.25 billion.

• CapEx planned at 2.8% of sales, focused on growth initiatives.

• Investment priorities include brands, innovation, affordability and sustainable long-term value.