Ripley Corp (RIPLEY) Q1 2026 earnings summary

Executive summary

• Regional brand positioning strengthened with new campaigns and exclusive sponsorships in Peru, enhancing visibility and engagement.

• Achieved 2.3% YoY revenue growth in 1Q26, led by strong Retail Peru and Banking segment expansion, despite a challenging comparison in Chile and higher banking risk costs in Chile.

• EBIT rose 2.3% YoY to Ch$23,581 million, driven by operational improvements in Peru, offsetting weaker Chile results.

• Net income fell by Ch$5,555 million YoY to Ch$9,821 million, mainly due to lower non-operating results, higher tax expenses, and FX-related lease expenses in Peru.

• Non-banking adjusted net financial debt/EBITDA improved from 5.96x to 3.70x YoY, reflecting stronger cash flow and debt amortization.

Financial highlights

• Revenue rose 2.3% year-over-year to CLP 506,746 million, driven by strong growth in Peru retail, banking, and Mall Aventura.

• Gross profit increased 6.9% YoY to CLP 193,200 million, with gross margin expanding by 164 bps to 38.1%.

• EBIT at Ch$23,581 million (+2.3% YoY); EBITDA at Ch$41,960 million (-2.4% YoY).

• Net income attributable to controlling interest was Ch$9,793 million (-36.3% YoY).

• SG&A expenses increased 7.6% YoY, representing 33.5% of revenue.

Outlook and guidance

• Continued focus on digital channel growth, private label expansion, and operational efficiency to drive profitability.

• Ongoing investments in Mall Aventura expansions and new projects in Peru to capture market opportunities.

• Supreme Court ruling in Chile is expected to gradually normalize banking risk indicators.

• Digital and ESG strategies remain central to long-term value creation.