Compania Cervecerias Unidas, S.A. (CCU) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to CCU's fourth quarter 2025 earnings conference call on the 25th of February, 2026. Please note that today's call is being recorded. At this time, I'd like to turn the conference call over to Claudio Lazeras, the Head of Investor Relations. Please go ahead, sir. Welcome, and thank you for attending CCU's fourth quarter 2025 conference call. Today with me are Mr. Felipe Duvernet, Chief Financial Officer and Carolina Burgos, Senior Investor Relations Analyst. You have received a copy of the company's Consolidated for Quarter 2025 results. As usual, the call will start by reviewing our overall results and then we will then move to a Q&A session. Before we begin, Please take notes of the following statements. The statements made in this call that relate to CCU's future financial results are forward-looking statements, which involve known and unknown risks and uncertainties that could cause that our performance or results could materially differ. This statement, as well, should be taken in conjunction with the additional information about risk and uncertainty successful in CCU's annual report, in Form 20-F filed with the U.S. Security and Exchange Commission, and also as the annual report submitted at the CMS. It is now my pleasure to introduce Mr. Felipe Duvernay. Thank you, Claudio, and thank you all for joining the call today. During 2025, CCU posted a strong set of results in its main operating segment Chile, while it faced a particularly challenging year in Argentina and in the wine business, especially during the second half of this. Isolating the non-recurring gain from the sale of a portion of land in Chile in 2024 consolidated a deep tap, decreasing 2.9%. By the bracing segment, Chile posted a robust 7.8% EBITDA growth, which was ...