UNITED BREWERIES CO INC

Compañía Cervecerías Unidas S.A. (CCU) reported its interim consolidated financial results for the six months ended June 30, 2026. While net sales saw a modest increase of 2.13% to 1,427,316,555 ThCh$, net income for the period declined significantly by 23.29% to 38,566,596 ThCh$. The second quarter of 2026 saw a widening net loss, reaching 20,481,102 ThCh$. The company also experienced a substantial decrease in cash and cash equivalents and a reduction in total assets and shareholders' equity compared to year-end 2025.

UNITED BREWERIES COMPANY, INC. (CCU) announced its second quarter 2026 results, reporting a 4.8% increase in net sales to CLP 607,801 million and a significant 59.4% expansion in EBITDA to CLP 31,591 million. However, the company's net income recorded a larger loss of CLP 20,712 million, compared to a loss of CLP 11,218 million in 2Q25, partly due to a CLP 6,068 million impairment loss related to Bolivia. The Chile operating segment showed strong performance with a 26.2% EBITDA increase, while the Wine segment faced challenges with a 61.9% EBITDA decrease. CCU also acquired the remaining 49.9% equity interest in Aguas CCU-Nestlé Chile S.A., achieving 100% ownership.

Compañía Cervecerías Unidas S.A. (CCU) announced the acquisition of the remaining 49.9% equity interest in its subsidiary, Aguas CCU-Nestlé Chile S.A., from Nestlé Chile S.A. This transaction, approved by the Board of Directors on May 6, 2026, makes Aguas CCU-Nestlé a wholly-owned subsidiary of CCU. The purchase price for the 49.9% stake was approximately CLP 164,597 million, based on a 100% enterprise value of approximately CLP 322,377 million. CCU will continue its commercial relationship with Nestlé for the distribution of water and coffee-based beverages in Chile.

Compañía Cervecerías Unidas S.A. announced significant leadership changes. Carlos Molina Solis resigned as Vice-chairman and Director, effective July 31, 2026, and was replaced by Alexandre Othenio Carreteiro. Rodrigo Hinzpeter Kirberg also resigned as Director, effective June 30, 2026, with Patricio Jottar Nasrallah appointed as his replacement. Consequently, Mr. Jottar will step down as Chief Executive Officer, and Eduardo Ffrench-Davis Rodríguez has been appointed as the new CEO, effective July 1, 2026. Additionally, changes were made to the Directors' Committee and Audit Committee.

Compañía Cervecerías Unidas S.A. (CCU) reported its interim consolidated financial results for the three months ended March 31, 2026. Net income for the period decreased by 3.97% to 59.05 billion Chilean pesos, with basic earnings per share falling to 145.75 Chilean pesos. Despite this, income from operational activities rose by 15.72% to 97.72 billion Chilean pesos, and gross margin increased by 1.39% to 387.52 billion Chilean pesos. The company also saw a significant increase in cash and cash equivalents.

United Breweries Company, Inc. (CCU) announced its consolidated financial and operating results for the first quarter of 2026. Consolidated volumes increased 1.8%, driving a 0.2% rise in net sales to CLP 819,515 million. While gross profit expanded 1.4% and EBITDA saw a marginal 0.1% increase, net income decreased by 6.8% to CLP 53,856 million. The Chile Operating segment delivered robust performance with 13.7% EBITDA growth, but this was largely offset by significant contractions in the International Business (-18.6%) and Wine (-50.1%) segments due to challenging market conditions in Argentina and the wine industry.