Strong EBITDA Growth Amid Market …

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  • Adjusted Gross Profit: PEN782 million, a 13% increase year-over-year.

  • Adjusted EBITDA: PEN450 million, a 22% increase year-over-year.

  • Adjusted EBITDA Margin: Improved by 0.4 percentage points to 15.1%.

  • Consumer Goods Peru Sales Volume: 13% year-over-year increase.

  • Consumer Goods Peru Adjusted EBITDA: Declined 18% to PEN170 million.

  • International Business Adjusted EBITDA: PEN41 million, a 13% increase year-over-year.

  • B2B Business Volume Growth: 27% year-over-year increase.

  • B2B Business Adjusted EBITDA: PEN105 million, a 22% increase year-over-year.

  • Aquafeed Adjusted EBITDA: $40 million, a threefold increase year-over-year.

  • Leverage Ratio: Improved from 2.8x in June 2024 to 1.9x in June 2025.

  • Available Cash Position: PEN1,521 million, an increase of PEN494 million year-over-year.

  • Revenue Growth Guidance for 2025: Between 10% and 12%.

  • Adjusted EBITDA Growth Guidance for 2025: Mid- to high single-digit growth.

  • CapEx Projection for 2025: $70 million.

Release Date: July 25, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

  • Alicorp SA (LIM:ALICORC1) successfully issued a PEN1,530 million international bond with a 7.40% coupon, reflecting strong market confidence.

  • The Aquafeed business showed significant growth, contributing PEN88 million to the year-over-year improvement in gross profit.

  • Adjusted EBITDA increased by 22% year-over-year, driven by growth in adjusted gross profit.

  • The company repurchased 44.6 million shares, representing 7.23% of total issued common shares, demonstrating a commitment to shareholder value.

  • Alicorp SA (LIM:ALICORC1) maintained a strong cash position, with available cash covering 1.2x debt maturities over the next 12 months.

  • The Consumer Goods Peru unit faced challenges, particularly in the detergents and edible oils categories, leading to a PEN38 million decline in adjusted EBITDA.

  • Bolivia’s challenging economic environment and social tensions impacted Alicorp’s operations, with currency volatility affecting financial costs.

  • The edible oils category experienced pressure due to rising raw material costs and increased competition from new entrants.

  • The company anticipates challenges in EBITDA growth expectations in the second half of the year due to Bolivia’s foreign exchange environment.

  • Intense competition in the detergents market, particularly from Chinese imports, required strategic repricing and adjustments.

Q: We’ve noticed that the only business unit showing a slight lag compared to the others is Consumer Goods Peru. What is the current outlook, and how do you expect both markets to evolve? A: The lag is due to increased competition from imported detergents, particularly from China. We have repriced and improved our value brands and core brands to address this. The outlook is positive, with volumes and market share starting to increase. We expect better dynamics for core brands in the coming quarters. – Alvaro Correa, CEO

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