Compañía Cervecerías Unidas (CCU) filed interim results for the nine months ended September 30, 2025. Net sales reached ThCh$ 2,056,212,344, up from ThCh$ 1,936,488,735, while net income was ThCh$ 70,961,097 versus ThCh$ 94,412,123 a year ago. For the third quarter, net sales were ThCh$ 658,627,852 compared with ThCh$ 665,823,272, and net income was ThCh$ 20,685,663 versus ThCh$ 32,553,908.
Total assets were ThCh$ 3,597,681,132, down from ThCh$ 3,989,716,990 at year-end, and total liabilities fell to ThCh$ 1,977,042,153 from ThCh$ 2,317,201,680. Shareholders’ equity stood at ThCh$ 1,620,638,979, compared with ThCh$ 1,672,515,310. Cash and cash equivalents were ThCh$ 498,784,512, down from ThCh$ 707,122,815, with net cash from operating activities of ThCh$ 113,244,373 versus ThCh$ 133,353,972.
The company adopted IAS 21 amendments on absence of convertibility in Argentina and Bolivia, recording a negative equity impact of ThCh$ 59,151,843 in translation reserves and a ThCh$ 2,132,190 charge to retained earnings. CCU also reports ongoing integration of Aguas de Origen (Argentina) and the PepsiCo partnership businesses in Paraguay (AV S.A. and related entities).
Compañía Cervecerías Unidas (CCU) reported third‑quarter 2025 results with resilient operating performance but weaker bottom line. Net sales were CLP 658,628 million, down 1.1%, as a 2.2% decline in average prices (in CLP) offset 1.2% volume growth. Gross profit fell 2.9%, while EBITDA rose 4.6% to CLP 73,635 million, lifting the EBITDA margin by 60 bps to 11.2%. Net income attributable to shareholders was CLP 15,496 million, down 47.6%, reflecting a softer non‑operating result and higher taxes.
By segment, Chile posted EBITDA CLP 62,756 million (up 4.8%) on gross margin gains and efficiencies, despite slightly lower volumes. International Business EBITDA increased 73.1% to CLP 6,845 million; results were mixed as Argentina faced a challenging backdrop, including a 42.2% ARS devaluation against the USD. Wine EBITDA was CLP 11,024 million, down 12.0%, pressured by higher wine costs and weaker domestic markets, partly offset by export growth.
Year‑to‑date, excluding a 2Q24 land‑sale gain, EBITDA grew 9.9%. Liquidity remained stable (liquidity ratio 2.06x) and Net Financial Debt/EBITDA stood at 1.96x.
Compañía Cervecerías Unidas (CCU) declared an interim dividend Nº 271 of CLP 84.0 per share and CLP 168.0 per ADR, totaling CLP 31,038,241,248, to be charged against 2025 net profit.
The dividend will be paid beginning November 27, 2025 to shareholders of record at midnight on November 21, 2025. This cash distribution provides a direct return to both local shareholders and ADR holders under CCU’s multi-country beverage platform spanning Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay.