Inversiones La Construcción (ILC) Q1 2025 earnings summary

Executive summary

• Q1 2025 consolidated profit was CLP 39,560m, down 33.2% YoY as global market volatility weakened financial subsidiaries; stronger healthcare operations partly offset the decline.

• Consolidated net operating income rose 36.6% to CLP 65,368m, while non-operating results swung to a CLP 20,164m loss from CLP 25,952m income.

• 2023–2027 priorities include growth in financial businesses, diversification, retail financing, profitability and operational efficiency.

Financial highlights

• Profit fell from CLP 59.3bn in Q1 2024 to CLP 39.6bn in Q1 2025; the prior-year period included a CLP 32.37bn extraordinary loss tied to the Isapres Short Law.

• Division contributions included AFP Habitat profit of CLP 13.4bn, Banco Internacional profit of CLP 10.0bn, Consalud profit of CLP 6.5bn and RedSalud profit of CLP 4.0bn.

• Consolidated assets were CLP 16,723,655m at March 2025, up 1.4% from December 2024; equity attributable to owners rose 1.4% to CLP 1,147,732m.

Outlook and guidance

• Banco Internacional plans to expand corporate and retail financing, diversify products and funding, grow its client base and develop digital products with digital onboarding.

• Confuturo is expanding alternative assets, including private equity and real estate, as a long-term strategy to diversify its portfolio and improve returns.

• International market volatility persisted through April after US tariff announcements, with a gradual recovery emerging in May.

• Pension-reform implementation details, including investment-performance rewards and penalties, remain pending regulatory definition.