Grupo Nutresa (NUTRESA) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for Grupo Nutresa S.A. as of December 31, 2024, were audited and present fairly the financial position and results in accordance with Colombian standards.

• The company operates as a diversified food group with significant presence in Colombia and Latin America, with a broad portfolio of subsidiaries and international operations.

• A symmetrical spin-off was completed in December 2023, separating investments in Sura and Argos, impacting equity and comprehensive income.

• Extraordinary dividend of $520,002 million was declared and paid in 2024; a new Board of Directors and President were appointed in January 2025.

Financial highlights

• Operating revenue for 2024 was $18,589,956 million, down 1.7% compared to 2023.

• Net profit attributable to controlling interest was $751,281 million, up 4.3% year-over-year.

• EBITDA reached $2,373,796 million, a 7.8% increase from 2023.

• Gross margin improved to 41.0% from 39.1% in 2023.

• Earnings per share rose to $1,641.23 from $1,573.95.

Outlook and guidance

• Management is assessing the impact of new accounting standards, including IFRS 17 and IFRS 18, and expects significant changes in presentation and disclosure in future periods.

• No ordinary dividends were declared for April 2024–March 2025; focus remains on capital allocation and operational efficiency.