Grupo Nutresa reports profitable growth during the first half of 2026.
Grupo Nutresa closes the first half of the year with numbers that confirm the strength of its businesses and the structural nature of its operational excellence project, which translates into greater profitability, efficiency, and productivity.
During the period, total revenues reached COP 10.3 trillion, a 2.4% increase compared to the same period in 2025.
Performance in Colombia – Growth Engine
Revenues in Colombia totaled COP 6.6 trillion, marking a 13.0% increase compared to the first half of 2025. When expressed in dollars, these sales amount to USD 1,807.9 million, representing growth of 29.7%.
Per business unit, Ice Cream led the growth at 32.8%, followed by Biscuits and Snacks at 24.3%, Food Service at 19.7%, Retail Food at 17.0%, and Coffee at 13.5%. By channel, the traditional channel grew by 20.4%, the modern channel by 14.5%, and our restaurants by 13.9%.
International Performance – Resilience in the face of a strong Peso
Internationally, first semester sales stood at USD 1,005.4 million, reflecting a 0.4% increase compared to the same period of last year. When converted to Colombian pesos, the figure amounts to COP 3.7 trillion, representing a 12.4% decrease driven by a 12.9% appreciation of the local currency against the dollar.
This performance was primarily driven by the Biscuits and Snacks (+13.5%), Ice Cream (+11.2%), and Other (+8.8%) business units. The Coffee and Chocolate business units were affected by a contraction in the industrial ingredients’ category and in exports; also impacted by the significant local currency appreciation. In terms of markets, double-digit growth was recorded in Ecuador (+72.7%), Peru (+18.6%), and Chile (+12.5%), measured in US Dollars.
Profitability and Net Income
The gross margin stood at 42.5%, expanding by 420 basis points compared to the first half of 2025, driven by structural cost improvements resulting from internal initiatives, effective raw material and currency hedging, and lower global market commodity benchmark prices.
In terms of profitability, EBITDA adjusted for non-recurring expenses stood at COP 2.00 trillion, a 30.8% increase, with a sales margin of 19.5%. Including these expenses, reported EBITDA was COP 1.95 trillion, up 32.0%, with a sales margin of 19.0%.
Finally, taking the aforementioned factors into account, net income adjusted for non-recurring expenses and unrealized foreign exchange differences stood at COP 724,673 million, reflecting a 36.6% growth. When including the aforementioned non-recurring expenses and foreign exchange differences, the reported figure is COP 78,401 million. The difference between the two numbers stems from the coverages on dollar-denominated debt that are recognized in the Financial Results Statement.
In other corporate matters, Grupo Nutresa finalized agreements to acquire two companies in the region: La Universal in Ecuador, a leader in the chocolate industry, and Tío Rico in Venezuela, a leader in the ice cream industry. Both transactions are expected to close within the next six months, subject to preceding customary conditions and regulatory approvals.
Jaime Gilinski, CEO of Grupo Nutresa:
We continue to advance towards our transformation by strengthening our talent, investing in our brands and our go-to market capabilities aiming to become an increasingly sustainable, innovative, and profitable organization. As a team, we remain committed to delivering results and generating sustainable long-term value.”
Separate Financial Statements
In the Separate Financial Statements, Grupo Nutresa S.A. reports a net operating income of COP 99,925 million; of this amount, COP 99,564 million corresponds to income recognized under the equity method for investments in food companies, and COP 392 million to dividends from the investment portfolio.
