Colbun SaBCS: COLBUN

Colbún Financial Data 2Q26

· Issued by Colbun Sa
Index

Installed Capacity

/xl/drawings/drawing1.xml#'Installed%20Capacity'!A1

PPAs

/xl/drawings/drawing1.xml#PPAs!A1

Balance Sheet

/xl/drawings/drawing1.xml#'Balance%20Sheet'!A1

Physical Sales & Gx

/xl/drawings/drawing1.xml#'Physical%20Sales%20&%20Gx.'!A1

Income Statement

/xl/drawings/drawing1.xml#'Income%20Statement'!A1

Operating Income

/xl/drawings/drawing1.xml#'Operating%20Income'!A1

Non-Operating Income

/xl/drawings/drawing1.xml#'Non-Operating%20Income'!A1

Main Debt Items

/xl/drawings/drawing1.xml#'Main%20Debt%20Items'!A1

Financial Data Chile & Peru 2Q26

Index

Installed Capacity

Amortization Profile

/xl/drawings/drawing1.xml#'Amortization%20Profile'!A1

Cash Flow

/xl/drawings/drawing1.xml#'Cash%20Flow'!A1
PPAs
CHILE
Contracted Annual Energy (GWh) Start Date End Date Energy Supply
Regulated
Enel Dx. y EEPA 1,000 Jan-2011 Dec-2025 Thermal
Pelumpen* 807 Jan-2017 Dec-2031 Thermal
(*) Considers 427 GWh associated to ILAP regulated PPAs.
Unregulated
Codelco I 1,542 Mar-2013 Dec-2029 Mix
Codelco II 1,800 Mar-2013 Dec-2025 Mix
Codelco II 1,000 Jan-2026 Dec-2045 Renewable
CMPC 662 Jan-2018 Dec-2027 Mix
Walmart 314 Jul-2020 Mar-2026 Renewable
Bio Bio 166 Jan-2018 Dec-2031 Mix
Antofagasta Minerals - Minera Zaldivar 500 Jul-2020 Dec-2030 Renewable
BHP 3,300 Jan-2022 Dec-2024 Renewable
BHP 3,630 Jan-2025 Dec-2031 Renewable
CCU 200 Jan-2023 Dec-2030 Renewable
Collahuasi 230 Jan-2024 Dec-2025 Renewable
Collahuasi 650 Jan-2026 Dec-2035 Renewable
Puerto Angamos 24 Jan-2024 Dec-2033 Renewable
Aguas Pacífico 224 Oct-2025 Dec-2034 Renewable
Antofagasta Minerals - Minera Centinela 912 May-2025 Dec-2039 Renewable
Codelco III 1,100 Jan-2026 Dec-2040 Renewable
Parque Arauco 150 Jan-2026 Dec-2029 Renewable
Aguas Andinas 311 Jan-2026 Nov-2033 Renewable
Grupo Errázuriz 139 Apr-2026 Dec-2029 Renewable
Compañía Minera Cerro Negro 40 Jan-2026 Dec-2029 Renewable
Entel 12 Mar-2026 Dec-2029 Renewable
PERÚ
Contracted Capacity (MW) Start Date End Date Energy Supply
Regulated
Luz Del Sur I 63 Jan-2014 Dec-2030 Thermal
Pluz I 48 Jan-2016 Dec-2030 Thermal
Luz Del Sur II 52 Jan-2018 Dec-2030 Thermal
Distriluz 11 Jan-2023 Dec-2032 Thermal
Pluz II 9 Jan-2024 Dec-2030 Thermal
Electro Oriente* 98 - 118 Jan-2025 Dec-2028 Thermal
Pluz III 112.5 - 150 Jan-2026 Dec-2031 Thermal
Others Regulated 59 - 75 Jan-2028 Dec-2029 Thermal
Unregulated
Peruana de Moldeados * 7 - 14 Sep-2016 Dec-2029 Thermal
Distributors (Bilateral Agreements) 6 - 49 Jan-2021 Dec-2026 Thermal
Tejidos San Jacinto 8 May-2021 Apr-2026 Thermal
Agro Industrial Paramonga 7 Jan-2022 Dec-2028 Thermal
Cencosud Perú 11 Aug-2022 Jul-2027 Thermal
Operadores Concentrados Peruanos 15 Feb-2023 Jan-2030 Thermal
Metro 2 Lima 7 Jan-2023 Dec-2028 Thermal
Volcan* 107 - 122 Feb-2024 Dec-2033 Thermal
Medifarma 8 Apr-2024 Dec-2028 Thermal
(*) Consider the minimum and maximum capacity contracted per year for these clients.
Installed Capacity
CHILE
1 Power Plants MW Technology Region
2
3
4 Aconcagua Complex 199 Hydro Valparaíso Region
6 El Maule Complex 660 Hydro Maule Region
7 Laja 249 Hydro Maule Region
8 Angostura 324 Hydro Bío Bío Region
9 Canutillar 172 Hydro Los Lagos Region
10 Total Hydro Installed Capacity 1,604
11 Ovejería 9 Photovoltaic Metropolitana Region
12 Machicura 9 Photovoltaic Maule Region
13 Diego de Almagro 212 Photovoltaic Atacama Region
Total Photovoltaic Installed Capacity 230
Nehuenco 1 335 Gas Valparaíso Region
Nehuenco 2 411 Gas Valparaíso Region
Nehuenco 3 89 Gas-Diesel Valparaíso Region
Candelaria 250 Gas-Diesel Bernardo O´Higgins Liberator Region
Los Pinos 108 Diesel Bío Bío Region
Santa María 379 Coal Bío Bío Region
Total Thermic Installed Capacity 1,572
San Juan 193 Wind farm Atacama Region
Totoral 46 Wind farm Coquimbo Region
Horizonte 816 Wind farm Antofagasta Region
Total Wind farm Installed Capacity 1,055
Total Chile Installed Capacity 4,462
PERÚ
1 Power Plants MW Technology Region
2
3
4 Fenix 572 Gas Central Coast Region
5 Total Thermic Installed Capacity 572
6 Total Perú Installed Capacity 572
Total Colbún Installed Capacity 5,034
Physical Sales & Gx.
CHILE CHILE
1 PHYSICAL SALES 2Q25 2Q26 Var (%) 1 PHYSICAL SALES 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 (GWh) 2 (GWh)
3 3
4 Total Physical Sales 2,919 3,197 10% 4 Total Physical Sales 2,561 3,205 3,160 3,257 3,109 3,307 3,197 2,885 3,159 3,244 2,781 2,773 3,110 3,273 3,027 3,018 3,408 3,425 3,024 2,986 3,258 3,269 2,893 2,758 2,895 3,020 3,453 2,677 2,522 3,076 2,756 2,582 3,189 3,550 3,211 3,383 3,363 3,442 3,223 2,946 3,152 3,191 2,840 2,867 2,801 2,919 2,758 2,679 2,750 3,197
5 5
6 Regulated Customers 404 210 (48%) 6 Regulated Customers 1,109 1,621 1,816 2,109 1,734 1,699 1,636 1,557 1,645 1,622 1,621 1,646 1,655 1,579 1,580 1,490 1,417 1,377 1,368 1,256 1,086 1,111 1,126 1,025 788 784 827 753 727 789 845 742 549 622 658 581 621 657 695 608 245 268 257 314 392 404 416 386 204 210
7 Unregulated Customers 2,514 2,519 0% 7 Unregulated Customers 1,233 1,159 1,197 1,148 1,048 1,125 1,106 1,150 1,112 1,109 1,160 1,127 1,100 1,217 1,231 1,184 1,467 1,531 1,542 1,573 1,492 1,592 1,736 1,733 1,706 1,736 1,836 1,889 1,707 1,665 1,657 1,661 2,400 2,393 2,323 2,354 2,438 2,325 2,279 2,303 2,368 2,248 2,276 2,439 2,409 2,514 2,342 2,273 2,546 2,519
8 Sales to the Spot Market 0 469 - 8 Sales to the Spot Market 219 425 147 0 327 484 456 178 403 513 0 0 356 476 216 345 525 517 114 156 680 566 31 0 400 501 789 35 87 622 254 180 240 535 231 448 304 460 250 35 539 674 307 114 0 0 0 20 0 469
9 9
10 Capacity Sales 1,507 1,347 (11%) 10 Capacity Sales 1,750 1,677 1,717 1,659 1,593 1,584 1,585 1,509 1,516 1,586 1,611 1,605 1,608 1,581 1,615 1,630 1,633 1,610 1,657 1,663 1,664 1,574 1,578 1,558 1,390 1,440 1,486 1,469 1,323 1,323 1,286 1,279 1,463 1,552 1,626 1,551 1,629 1,623 1,625 1,626 1,249 1,259 1,218 1,290 1,512 1,507 1,498 1,496 1,384 1,347
11 11
12 Total Generation 2,756 3,288 19% 12 Total Generation 3,268 3,499 3,240 2,855 3,195 3,388 3,270 2,792 3,222 3,313 2,412 2,329 3,191 3,386 3,058 3,080 3,455 3,515 3,026 3,009 3,334 3,334 2,590 2,669 2,984 3,114 3,546 2,458 2,428 3,178 2,849 2,540 3,250 3,623 3,245 3,452 3,445 3,514 3,237 2,779 3,224 3,254 2,828 2,805 2,628 2,756 2,313 2,472 2,529 3,288
13 13
14 Hydraulic 1,374 1,082 (21%) 14 Hydraulic 1,109 1,621 1,816 2,109 1,098 1,358 1,724 2,285 1,288 1,338 988 1,153 1,089 1,248 1,403 2,156 1,409 1,433 1,349 2,121 1,194 1,372 1,317 1,236 1,120 982 1,530 1,965 887 1,155 899 964 804 1,001 1,654 1,703 956 1,140 2,428 2,349 1,624 1,639 1,915 2,098 1,088 1,374 1,174 1,300 955 1,082
15 Thermal 865 1,518 76% 15 Thermal 2,159 1,878 1,424 719 2,080 2,003 1,519 468 1,915 1,957 1,396 1,146 2,080 2,109 1,626 888 2,020 2,052 1,641 845 2,114 1,903 1,164 1,327 1,838 2,108 1,978 450 1,513 1,998 1,861 1,410 2,195 2,371 1,420 1,550 2,274 2,204 656 237 1,398 1,440 677 263 1,087 865 520 484 1,001 1,518
16 Gas 821 925 13% 16 Gas 1,357 929 536 189 1,147 1,202 868 204 1,212 1,028 559 795 1,301 1,248 846 495 1,269 1,341 914 336 1,363 1,199 966 980 1,190 1,425 1,429 62 722 1,207 1,040 997 1,526 1,564 681 1,196 1,641 1,531 434 148 831 1,107 335 244 942 821 513 453 815 925
17 Diesel 43 28 (36%) 17 Diesel 96 231 216 3 141 102 0 1 4 205 94 13 43 123 32 8 15 29 22 13 52 13 0 2 31 32 3 6 119 45 102 28 30 153 23 10 23 39 1 2 2 10 2 3 6 43 7 3 2 28
18 Coal 0 566 - 18 Coal 706 718 672 527 792 699 651 263 700 724 743 339 736 738 747 385 736 682 705 496 699 691 198 346 617 651 545 382 672 745 719 384 638 653 717 344 611 634 221 87 565 323 340 16 138 0 0 28 183 566
19 REVS (*) 518 688 - 19 REVS (*) 0 0 0 27 18 28 27 39 19 18 28 30 22 29 29 36 26 29 37 44 27 60 108 106 26 24 39 43 28 26 88 166 251 250 171 199 216 170 153 193 201 176 236 444 453 518 619 689 574 688
20 Wind 384 560 - 20 Wind 0 0 0 27 18 28 27 39 19 18 28 30 22 29 29 36 26 26 33 37 20 57 105 98 20 21 34 35 21 22 85 41 33 24 27 25 19 22 28 32 21 41 99 272 295 384 472 536 413 560
21 Solar 134 128 (5%) 21 Solar 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 3 7 6 3 4 7 7 3 4 7 6 3 4 125 218 226 144 174 197 148 126 161 181 135 137 172 159 134 147 153 160 128
22 Spot Market Purchases 184 269 - 22 Spot Market Purchases 0 0 24 120 0 0 0 124 0 0 433 490 0 0 52 0 0 0 65 29 0 0 369 103 0 0 0 270 180 0 0 105 0 0 36 0 0 0 18 170 0 0 46 22 237 184 464 167 269 269
23 23
24 Sales - Purchases to the Spot Market 184 0 - 24 Sales - Purchases to the Spot Market 219 425 123 (120) 327 484 456 54 403 513 (433) (490) 356 476 164 345 525 517 49 127 680 566 (338) (103) 400 501 789 (235) (93) 622 254 74 240 535 195 448 304 460 232 (135) 539 674 261 92 237 184 464 167 238 0
(*) Includes energy purchased from the Punta Palmeras (wind) and Imelsa (solar) power plants.
PERÚ PERÚ
1 PHYSICAL SALES 2Q25 2Q26 Var (%) 1 PHYSICAL SALES 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 (GWh) 2 (GWh)
3 3
4 Total Physical Sales 876 1,035 18% 4 Total Physical Sales 896 966 931 1,185 789 1,049 1,163 1,110 810 979 1,097 1,160 942 983 1,161 825 515 627 1,019 966 561 878 1,184 907 1,002 952 1,150 1,175 950 889 1,169 987 817 850 1,155 964 836 876 1,126 934 1,031 1,035
5 5
6 Customers Under Contract 791 988 25% 6 Customers Under Contract 896 895 661 702 670 713 809 820 754 805 725 717 753 706 731 733 515 413 467 490 509 504 507 526 617 590 597 619 868 850 814 838 578 629 645 650 805 791 804 804 989 988
7 Sales to the Spot Market 85 48 - 7 Sales to the Spot Market 0 71 271 483 119 336 355 290 56 174 371 443 189 277 430 92 0 214 552 476 52 374 677 381 385 363 553 556 82 39 355 148 239 220 509 314 31 85 323 130 42 48
8 8
9 Capacity Sales 566 568 0% 9 Capacity Sales 561 562 563 564 562 555 556 554 551 550 553 554 555 557 430 558 558 560 558 558 560 563 565 566 568 568 570 570 570 570 570 570 571 568 568 567 566 566 566 565 566 568
10 10
11 Total Generation 669 1,052 57% 11 Total Generation 663 800 907 1,211 715 1,074 1,188 1,135 605 1,002 1,121 1,186 932 937 1,185 713 343 513 1,042 989 521 778 1,210 930 1,027 929 1,176 1,202 969 338 1,197 900 771 865 1,181 988 829 669 1,153 935 815 1,052
12 12
13 Thermoelectric - Gas 669 1,052 57% 13 Thermoelectric - Gas 663 800 907 1,211 715 1,074 1,188 1,135 605 1,002 1,121 1,186 932 937 1,185 713 343 513 1,042 989 521 778 1,210 930 1,027 929 1,176 1,202 969 338 1,197 900 771 865 1,181 988 829 669 1,153 935 726 1,052
14 Thermoelectric - Diesel 0 0 - 14 Thermoelectric - Diesel 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 88 0
14 Spot Market Purchases 226 10 - 15 Spot Market Purchases 117 147 46 0 93 0 0 0 210 0 0 0 33 68 0 131 186 128 0 0 58 120 0 0 0 44 0 5 562 0 109 66 7 0 0 31 226 0 23 239 10
15 16 0
16 Sales - Purchases to the Spot Market (142) 37 - 17 Sales - Purchases to the Spot Market (117) (76) 224 483 26 336 355 290 (154) 174 371 443 156 209 430 (39) (186) 86 552 476 (6) 254 677 381 385 318 553 556 77 (524) 355 39 173 213 509 314 0 (142) 323 107 (197) 37
Income Statement
CONSOLIDATED CONSOLIDATED
1 COMPREHENSIVE INCOME STATEMENT 2Q25 2Q26 Var (%) 1 COMPREHENSIVE INCOME STATEMENT 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million
3 3
4 Operating Income 402.6 449.2 12% 4 Operating Income 382.0 393.5 384.0 388.8 406.6 400.8 360.2 385.7 383.1 390.5 361.7 352.1 342.6 326.5 344.0 335.7 335.6 372.2 357.1 374.9 416.8 514.0 488.2 555.1 554.6 546.0 493.8 409.2 382.0 425.5 383.9 384.5 412.5 402.6 388.0 392.6 408.5 449.2
5 Sales 387.2 434.5 12% 5 Sales 375.7 387.1 377.6 384.0 399.4 394.7 353.2 378.4 375.0 381.1 352.3 340.8 336.3 318.2 339.7 329.1 327.9 362.3 338.1 368.4 404.1 503.7 476.9 548.1 537.0 530.3 469.5 395.8 366.4 409.6 371.2 370.9 397.6 387.2 375.7 376.9 394.8 434.5
6 Other Operating Income 15.3 14.7 (4%) 6 Other Operating Income 6.3 6.5 6.5 4.9 7.3 6.1 6.9 7.3 8.0 9.4 9.5 11.2 6.3 8.3 4.3 6.6 7.7 9.9 19.0 6.5 12.7 10.2 11.3 7.0 17.6 15.7 24.3 13.4 15.7 15.9 12.7 13.6 14.9 15.3 12.3 15.6 13.7 14.7
7 7
8 Raw Material and Consumables Used (215.3) (247.5) 15% 8 Raw Material and Consumables Used (201.6) (209.7) (182.8) (161.5) (214.6) (218.9) (176.5) (145.5) (197.8) (191.4) (160.2) (142.6) (144.0) (145.0) (141.8) (123.6) (163.2) (189.5) (253.3) (176.0) (237.7) (326.5) (248.6) (256.7) (323.6) (370.0) (228.5) (208.0) (196.4) (233.5) (172.6) (169.7) (191.3) (215.3) (220.4) (181.6) (231.8) (247.5)
9 Transmission Tolls (48.5) (47.3) (3%) 9 Transmission Tolls (49.7) (45.0) (48.5) (50.9) (50.0) (42.7) (27.2) (32.2) (33.0) (34.3) (32.0) (20.9) (21.6) (26.6) (26.5) (38.1) (31.3) (29.6) (23.9) (30.2) (36.7) (36.8) (31.6) (34.7) (38.4) (41.9) (30.5) (29.6) (34.2) (35.5) (48.9) (40.4) (48.5) (48.5) (44.5) (46.2) (50.6) (47.3)
10 Energy and Capacity Purchases (33.0) (36.2) 10% 10 Energy and Capacity Purchases (10.3) (8.1) (12.3) (15.2) (14.0) (8.3) (13.0) (10.3) (2.8) (13.2) (30.1) (18.8) (15.5) (7.0) (8.9) (22.7) (15.9) (13.4) (18.5) (22.9) (28.4) (40.4) (37.3) (37.6) (32.9) (73.0) (66.2) (51.0) (10.8) (20.6) (21.5) (44.8) (22.1) (33.0) (63.7) (35.7) (52.0) (36.2)
11 Gas Consumption (97.3) (93.1) (4%) 11 Gas Consumption (94.5) (97.7) (69.3) (46.9) (100.8) (115.4) (87.8) (51.5) (107.3) (95.4) (70.4) (64.1) (68.5) (69.7) (75.5) (31.7) (66.3) (94.1) (149.9) (84.1) (119.4) (150.2) (115.3) (135.3) (178.6) (163.9) (77.2) (79.2) (94.0) (124.4) (60.1) (48.8) (83.2) (97.3) (80.8) (65.2) (72.5) (93.1)
12 Diesel Consumption (9.1) (9.8) 8% 12 Diesel Consumption (7.0) (16.6) (5.0) (2.6) (3.0) (4.8) (5.0) (3.6) (9.1) (2.1) (0.4) (1.0) (4.3) (2.9) (0.4) (1.9) (16.7) (7.6) (18.8) (6.2) (7.1) (50.8) (7.2) (5.4) (7.4) (8.7) (4.3) (1.2) (1.0) (2.8) (1.2) (1.2) (1.8) (9.1) (1.6) (2.0) (20.6) (9.8)
13 Coal Consumption (0.5) (34.6) - 13 Coal Consumption (18.3) (19.6) (21.8) (14.2) (22.1) (22.4) (23.1) (19.2) (26.0) (25.3) (8.0) (14.4) (20.8) (21.2) (17.5) (10.8) (21.1) (25.2) (26.6) (16.7) (31.0) (32.0) (41.6) (21.8) (45.7) (55.7) (22.3) (19.7) (33.5) (27.6) (18.6) (4.1) (11.2) (0.5) (1.3) (4.6) (10.7) (34.6)
14 Other Operating Expenses (26.9) (26.6) (1%) 14 Other Operating Expenses (21.9) (22.7) (26.0) (31.6) (24.7) (25.4) (20.4) (28.8) (19.6) (21.0) (19.3) (23.5) (13.4) (17.5) (13.0) (18.4) (12.0) (19.6) (15.5) (15.9) (15.1) (16.3) (15.6) (22.0) (20.6) (26.8) (27.9) (27.3) (23.0) (22.5) (22.4) (30.5) (24.5) (26.9) (28.5) (27.8) (25.3) (26.6)
15 15
16 Gross Profit 187.2 201.7 8% 16 Gross Profit 180.4 183.8 201.2 227.3 192.0 181.9 183.7 240.2 185.3 199.1 201.5 209.4 198.6 181.5 202.2 212.1 172.3 182.7 103.8 199.0 179.2 187.5 239.6 298.4 231.0 176.0 265.3 201.2 185.6 192.1 211.3 214.8 221.2 187.2 167.6 210.9 176.7 201.7
17 17
18 Personnel Expenses (27.2) (25.9) (5%) 18 Personnel Expenses (17.0) (17.7) (19.1) (22.9) (20.8) (20.0) (19.4) (19.5) (18.1) (18.7) (18.1) (19.4) (15.1) (16.0) (16.5) (17.7) (21.3) (21.5) (19.3) (17.6) (20.2) (21.2) (20.7) (21.9) (22.2) (23.4) (23.8) (22.4) (21.3) (23.1) (23.6) (24.2) (25.0) (27.2) (25.3) (25.6) (25.6) (25.9)
19 Other Expenses, by Nature (19.4) (18.8) (3%) 19 Other Expenses, by Nature (8.6) (7.7) (8.0) 0.4 (7.6) (7.9) (7.9) (10.5) (5.6) (6.6) (4.7) (7.1) (11.1) (10.3) (10.7) (14.5) (13.7) (14.4) (12.7) (17.1) (13.3) (13.4) (13.7) (16.8) (16.6) (17.8) (15.3) (18.0) (16.9) (16.5) (18.1) (17.8) (17.6) (19.4) (16.8) (20.9) (18.5) (18.8)
20 Depreciation and Amortization Expenses (57.9) (67.4) 16% 20 Depreciation and Amortization Expenses (59.6) (60.4) (59.5) (44.0) (58.6) (58.8) (59.5) (60.0) (60.0) (66.0) (63.9) (60.7) (60.6) (61.0) (62.1) (63.0) (55.4) (52.1) (53.0) (52.7) (52.8) (55.3) (54.0) (57.4) (50.6) (50.3) (49.9) (55.1) (50.9) (51.6) (54.1) (58.6) (56.7) (57.9) (65.5) (71.2) (65.2) (67.4)
21 21
22 Operating Income (Loss) 82.7 89.5 8% 22 Operating Income (Loss) 95.2 98.1 114.5 160.8 105.0 95.2 96.8 150.1 101.6 107.8 114.9 122.3 111.8 94.3 112.9 117.0 81.9 94.6 18.9 111.6 92.8 97.6 151.1 202.4 141.6 84.5 176.3 105.7 96.5 100.8 115.6 114.2 121.8 82.7 60.0 93.3 67.4 89.5
23 23
24 EBITDA 140.6 156.9 12% 24 EBITDA 154.8 158.5 174.0 204.8 163.6 154.0 156.3 210.2 161.6 173.8 178.7 182.9 172.3 155.3 175.0 179.9 137.4 146.7 71.8 164.3 145.6 152.9 205.1 259.8 192.2 134.8 226.2 160.8 147.5 152.5 169.7 172.8 178.5 140.6 125.5 164.5 132.6 156.9
25 25
26 Financial Income 9.9 9.3 (6%) 26 Financial Income 2.5 2.8 3.2 4.2 4.9 4.5 5.0 6.0 6.4 4.9 4.9 5.9 5.0 3.0 1.8 1.5 1.3 1.1 0.9 1.6 2.5 4.2 7.4 14.9 15.4 16.5 17.6 18.5 15.3 14.1 12.5 9.1 8.9 9.9 10.0 10.4 10.8 9.3
27 Financial Expenses (19.1) (24.3) 27% 27 Financial Expenses (20.2) (20.2) (21.8) (22.7) (21.1) (21.1) (20.9) (20.8) (20.7) (24.9) (22.9) (22.5) (22.5) (22.7) (22.9) (22.3) (22.2) (21.4) (21.0) (21.8) (20.9) (20.6) (22.8) (24.4) (23.1) (22.1) (21.0) (19.2) (18.4) (17.6) (17.2) (17.1) (18.4) (19.1) (27.1) (29.5) (27.8) (24.3)
28 Exchange rate Differences 0.2 3.2 - 28 Exchange rate Differences 0.6 0.8 2.7 4.1 (1.1) (6.9) (1.6) (3.1) 1.3 0.9 (7.8) (1.5) (4.8) 4.9 2.1 3.5 (2.8) 0.7 (10.3) (1.3) 1.5 (11.0) (3.5) 10.3 1.0 (3.1) (4.0) (0.5) 0.6 (0.4) 3.3 (4.9) 2.9 0.2 1.3 2.0 (1.4) 3.2
29 Profit (Loss) of Companies Accounted for Using the Equity Method 3.3 3.4 3% 29 Profit (Loss) of Companies Accounted for Using the Equity Method 0.7 1.1 1.3 (0.2) 4.7 2.1 2.8 1.8 2.3 2.6 2.2 2.0 2.3 2.1 2.2 3.3 1.4 2.0 2.1 1.3 2.6 2.6 3.2 3.7 4.0 3.4 2.8 2.9 3.0 3.3 3.2 2.8 3.3 3.3 3.1 2.8 3.1 3.4
30 Other Profit (Loss) (16.9) (33.9) 101% 30 Other Profit (Loss) (4.6) 14.6 (4.4) (90.4) (4.2) (9.7) (5.5) (34.2) (4.5) (10.8) (10.0) (84.1) (29.4) (9.4) (8.0) (193.3) (21.5) (22.7) 812.8 (161.9) (16.2) (16.1) (18.5) (26.9) (16.5) 94.0 4.1 (30.1) (17.1) (11.6) (9.8) (35.5) (12.9) (16.9) (17.6) (41.2) (13.0) (33.9)
31 31
32 Non-Operating Income (22.6) (42.2) 87% 32 Non-Operating Income (21.0) (0.9) (19.1) (105.0) (16.9) (31.0) (20.2) (50.2) (15.2) (27.4) (33.5) (100.3) (49.4) (22.1) (24.8) (207.4) (43.9) (40.3) 784.4 (182.1) (30.5) (40.9) (34.2) (22.3) (19.2) 88.7 (0.5) (28.4) (16.6) (12.2) (8.0) (45.6) (16.1) (22.6) (30.4) (55.5) (28.2) (42.2)
33 33
34 Profit (Loss) Before Taxes 60.2 47.3 (21%) 34 Profit (Loss) Before Taxes 74.2 97.2 95.4 55.8 88.0 64.2 76.7 99.9 86.4 80.4 81.3 22.0 62.4 72.2 88.0 (90.4) 38.1 54.3 803.3 (70.5) 62.3 56.7 117.0 180.0 122.3 173.1 175.8 77.3 79.9 88.6 107.5 68.6 105.6 60.2 29.6 37.8 39.2 47.3
35 35
36 Income Tax Expense (11.9) (10.7) (10%) 36 Income Tax Expense (13.7) (18.9) (25.2) 23.7 (23.6) (19.4) (22.8) (32.6) (20.0) (19.0) (26.6) (2.5) (21.9) (22.5) (25.8) 27.5 (79.3) (21.4) (202.4) 18.1 (6.4) (19.0) (36.3) (43.8) (30.4) (41.9) (51.4) (21.1) (21.1) (27.2) (24.8) (14.5) (23.3) (11.9) (4.3) (6.7) (14.9) (10.7)
37 37
38 Profit (Loss) After Tax 48.2 36.6 (24%) 38 Profit (Loss) After Tax 60.5 78.3 70.2 79.5 64.4 44.8 53.9 67.3 66.3 61.4 54.7 19.5 40.5 49.7 62.2 (62.9) (41.2) 32.9 600.9 (52.4) 55.9 37.7 80.7 136.2 92.0 131.2 124.4 56.2 58.8 61.5 82.7 54.1 82.4 48.2 25.3 31.1 24.2 36.6
39 39
40 Profit (Loss) Controller 44.4 36.7 (17%) 40 Profit (Loss) Controller 56.9 67.3 70.1 76.6 65.2 46.5 56.8 71.9 64.4 61.3 59.1 18.2 43.7 54.1 64.6 0.5 (38.9) 35.1 604.2 (55.1) 47.6 38.8 80.6 128.9 87.9 133.9 117.7 53.9 58.6 61.8 79.0 53.0 78.8 44.4 32.9 31.2 24.4 36.7
41 Profit (Loss) Atributtable to Minority Interest 3.9 (0.2) (105%) 41 Profit (Loss) Atributtable to Minority Interest 3.6 11.0 0.1 2.9 (0.8) (1.7) (2.9) (4.5) 1.1 0.1 (4.4) 1.2 (3.2) (4.5) (2.4) (63.3) (2.3) (2.2) (3.3) 2.7 8.3 (1.1) 0.1 7.3 4.1 (2.7) 6.7 2.3 0.2 (0.3) 3.7 1.1 3.6 3.9 (7.6) (0.1) (0.2) (0.2)
(*) The subtotal shown in "OPERATING INCOME" presented herein, differs from the "Profit (loss) from operating activities" line presented in the Financial Statements. This is explained by a change in taxonomy dictated by the CMF (Financial Market Commission), by means of which the concept of "Other Profit (loss)", which in the case of Colbún are only non-operating items, was incorporated as an operating item in the Financial Statements.
Operating Income
CHILE CHILE
1 OPERATING INCOME 2Q25 2Q26 Var% 1 OPERATING INCOME 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million
3 3
4 OPERATING INCOME 345.3 380.6 10% 4 OPERATING INCOME 413.2 408.0 351.2 330.1 317.0 358.5 337.0 295.2 307.0 315.2 285.3 312.1 334.4 346.6 332.5 342.1 353.9 348.5 320.1 347.3 341.1 349.2 336.1 304.8 304.9 291.7 301.1 291.7 297.6 322.3 296.2 330.0 361.7 461.0 429.0 469.8 495.0 482.3 367.2 346.8 331.1 372.5 324.2 327.2 356.1 345.3 327.3 334.6 342.0 380.6
5 Regulated Customers Sales 50.9 29.8 (41%) 5 Regulated Customers Sales 166.0 188.5 186.6 183.5 167.6 168.7 144.3 138.0 171.0 147.3 156.9 162.0 174.1 165.0 169.6 165.6 158.0 149.1 149.6 142.6 120.4 121.7 122.1 104.9 85.4 70.6 90.9 82.9 80.4 88.7 92.5 87.6 68.4 75.4 87.1 76.2 83.1 88.4 96.6 102.0 26.1 36.6 29.6 38.0 52.1 50.9 51.4 42.8 29.6 29.8
6 Unregulated Customers Sales 275.4 265.0 (4%) 6 Nonregulated Customers Sales 150.8 123.9 120.7 106.8 73.0 86.4 96.8 101.5 90.9 88.2 87.8 116.3 89.9 97.3 106.3 120.8 141.8 141.2 142.2 173.0 155.7 157.8 180.2 178.3 163.1 167.4 162.7 182.3 160.2 162.5 149.1 195.1 230.9 240.1 244.4 316.5 290.1 278.4 224.0 229.2 228.2 238.4 230.3 260.8 258.6 275.4 239.7 262.8 273.2 265.0
7 Energy and Capacity Sales 7.1 74.1 - 7 Energy and Capacity Sales 1.5 49.9 4.4 0.1 38.0 61.6 31.3 22.6 15.9 35.5 2.8 (0.8) 25.2 43.3 14.4 16.4 32.0 39.2 11.8 10.5 47.8 43.2 6.2 4.6 36.2 27.1 30.3 15.1 24.9 59.4 45.7 42.5 53.9 137.0 87.6 71.8 106.5 103.2 24.2 3.3 64.5 85.1 52.9 18.8 34.8 7.1 25.7 15.8 27.9 74.1
8 Transmission Tolls 0.0 0.0 - 8 Transmission Tolls 41.2 45.1 39.2 37.8 36.0 39.5 37.9 31.7 28.4 44.0 37.4 32.4 40.1 35.8 36.8 35.6 16.3 14.0 11.0 15.1 10.5 18.1 20.1 12.9 15.1 19.8 14.3 6.1 26.0 11.6 0.0 0.0 0.0 0.0 0.0 - 0.0 0.0 0.0 -
9 Other Operating Income 11.9 11.7 (2%) 9 Other Operating Income 53.8 0.6 0.3 1.9 2.3 2.3 26.7 1.4 0.7 0.2 0.4 2.2 5.2 5.1 5.4 3.8 5.9 5.0 5.5 6.2 6.8 8.4 7.5 4.0 5.1 6.9 3.0 5.1 6.2 8.7 8.8 4.9 8.6 8.4 10.0 5.2 15.4 12.4 22.4 12.3 12.3 12.3 11.5 9.5 10.6 11.9 10.5 13.1 11.3 11.7
10 10
11 RAW MATERIALS AND CONSUMABLES USED -183.3 -209.1 14% 11 RAW MATERIALS AND CONSUMABLES USED (275.4) (245.6) (213.8) (149.0) (205.2) (201.3) (136.0) (98.7) (132.8) (150.2) (154.8) (142.6) (167.3) (175.8) (147.2) (124.1) (173.8) (181.1) (146.3) (116.7) (170.5) (170.8) (152.5) (117.3) (129.0) (125.2) (117.6) (103.6) (145.8) (174.6) (235.4) (152.8) (212.0) (298.7) (218.1) (210.4) (293.7) (310.7) (155.8) (174.6) (167.9) (205.3) (140.6) (140.8) (161.9) (183.3) (187.4) (149.9) (162.7) (209.1)
12 Transmission Tolls -47.4 -45.5 (4%) 12 Transmission Tolls (48.9) (36.5) (36.2) (40.3) (39.1) (34.7) (34.5) (33.3) (34.8) (36.3) (35.8) (34.9) (40.9) (36.6) (38.8) (40.7) (39.2) (31.8) (26.5) (32.2) (32.5) (33.6) (49.3) (20.0) (20.9) (24.4) (25.3) (36.9) (30.8) (36.6) (31.3) (28.7) (35.0) (35.4) (30.3) (33.1) (37.4) (41.1) (29.0) (28.3) (32.8) (34.3) (47.1) (39.1) (47.5) (47.4) (42.2) (44.2) (49.7) (45.5)
13 Energy and Capacity Purchases -27.2 -29.5 9% 13 Energy and Capacity Purchases (18.0) (3.4) (20.4) (29.1) (4.5) (9.2) (10.4) (16.5) (5.5) (6.9) (38.8) (34.7) (7.5) (8.1) (12.2) (15.2) (7.6) (8.3) (12.8) (10.3) (2.5) (12.8) (30.1) (18.4) (14.2) (6.6) (8.8) (22.7) (15.5) (12.7) (18.4) (22.7) (28.4) (38.2) (36.1) (23.9) (31.2) (35.0) (33.4) (46.0) (9.4) (20.0) (21.5) (44.8) (20.0) (27.2) (63.5) (34.2) (27.2) (29.5)
14 Gas Consumption -75.8 -65.5 (14%) 14 Gas Consumption (143.1) (115.3) (64.6) (18.7) (95.1) (96.2) (48.8) (11.3) (55.5) (48.6) (29.4) (46.5) (74.4) (74.7) (45.0) (22.6) (81.8) (91.8) (63.3) (26.2) (83.9) (79.2) (48.2) (43.4) (57.4) (55.1) (54.9) (12.2) (51.1) (76.9) (128.2) (64.6) (97.5) (128.0) (89.8) (109.4) (154.3) (147.5) (50.6) (55.2) (71.0) (100.5) (31.8) (23.4) (59.7) (75.8) (52.6) (39.9) (52.3) (65.5)
15 Diesel Consumption -9.0 -9.8 8% 15 Diesel Consumption (22.9) (43.0) (40.6) (3.3) (22.5) (18.1) (1.5) (2.0) (2.1) (23.2) (13.1) (2.9) (7.0) (16.6) (5.0) (2.6) (3.0) (4.8) (3.6) (3.6) (9.1) (2.1) (0.4) (1.0) (4.3) (2.9) (0.4) (1.9) (16.7) (7.3) (18.8) (6.2) (7.1) (50.8) (7.2) (5.4) (7.4) (8.7) (0.9) (1.2) (0.9) (2.8) (1.2) (1.2) (1.8) (9.0) (1.6) (2.0) (0.8) (9.8)
16 Coal Consumption -0.5 -34.6 - 16 Coal Consumption (23.4) (25.5) (24.2) (19.3) (26.6) (22.2) (20.4) (8.4) (18.7) (16.9) (18.8) (9.0) (18.3) (19.6) (21.8) (14.2) (22.1) (22.4) (23.1) (19.2) (26.0) (25.3) (8.0) (14.4) (20.8) (21.2) (17.5) (9.9) (21.1) (25.2) (26.6) (16.7) (31.0) (32.0) (41.6) (21.8) (45.7) (55.7) (22.3) (19.7) (33.5) (27.6) (18.6) (4.1) (11.2) (0.5) (1.3) (4.6) (10.7) (34.6)
17 Other Operating Expenses -23.5 -24.3 4% 17 Other Operating Expenses (19.1) (21.9) (27.7) (38.4) (17.4) (20.8) (20.4) (27.2) (16.2) (18.2) (18.9) (14.5) (19.3) (20.2) (24.4) (28.8) (20.0) (22.1) (16.9) (25.3) (16.5) (17.7) (16.6) (20.1) (11.4) (15.0) (10.7) (20.1) (10.5) (16.0) (12.1) (13.8) (13.0) (14.4) (13.1) (16.7) (17.7) (22.7) (19.6) (24.2) (20.2) (20.0) (20.4) (28.3) (21.8) (23.5) (26.3) (24.9) (22.1) (24.3)
18 18
19 GROSS PROFIT 161.9 171.5 6% 19 GROSS PROFIT 137.9 162.4 137.5 181.0 111.8 157.2 201.0 196.5 174.2 165.0 130.5 169.5 167.1 170.8 185.3 218.0 180.1 167.4 173.8 230.6 170.6 178.4 183.6 187.5 176.0 166.6 183.5 188.0 151.8 147.6 60.8 177.2 149.7 162.2 210.9 259.2 201.4 171.6 211.4 172.2 163.2 167.2 183.6 186.4 194.2 161.9 139.9 184.7 179.3 171.5
20 20
21 Personnel Expenses -24.4 -23.6 (4%) 21 Personnel Expenses (13.5) (15.7) (14.9) (15.5) (14.0) (14.8) (13.7) (13.4) (14.2) (15.0) (16.1) (16.6) (15.7) (16.3) (17.7) (21.2) (19.4) (18.5) (17.8) (18.0) (16.7) (17.1) (16.9) (17.5) (13.5) (14.4) (15.0) (16.2) (19.4) (20.0) (17.7) (16.1) (17.6) (19.5) (18.9) (19.1) (19.7) (21.1) (21.1) (20.0) (18.8) (20.9) (20.9) (21.6) (22.2) (24.4) (22.6) (22.6) (22.5) (23.6)
22 Other Expenses, by nature -17.4 -17.0 (2%) 22 Other Expenses, by nature (4.6) (5.9) (5.6) (6.5) (5.1) (6.0) (6.3) (11.0) (6.5) (8.0) (8.0) (9.2) (8.1) (7.0) (7.0) (9.7) (7.1) (7.2) (7.1) (9.1) (5.0) (6.0) (3.9) (6.1) (9.7) (10.4) (9.2) (8.1) (12.0) (12.5) (10.8) (15.1) (11.5) (11.6) (11.6) (14.4) (14.6) (16.0) (13.1) (15.5) (14.8) (14.6) (15.7) (15.4) (15.6) (17.4) (14.8) (18.9) (16.5) (17.0)
23 Depreciation and Amortization Expenses -49.0 -57.6 17% 23 Depreciation and Amortization Expenses (42.0) (46.2) (46.3) (47.9) (47.5) (48.4) (48.9) (49.0) (47.9) (47.1) (49.0) (52.0) (51.5) (52.3) (51.7) (35.7) (50.5) (50.6) (51.2) (51.4) (51.5) (52.3) (52.1) (48.8) (49.4) (49.5) (49.9) (51.3) (46.5) (43.3) (44.2) (43.7) (44.0) (46.4) (45.1) (48.2) (41.6) (41.8) (41.6) (45.2) (42.1) (42.6) (45.2) (49.6) (47.8) (49.0) (56.5) (61.5) (56.1) (57.6)
24 24
25 OPERATING INCOME (LOSS) 71.1 73.3 3% 25 OPERATING INCOME (LOSS) 77.8 94.6 70.6 111.1 45.3 88.0 132.0 123.1 105.6 94.9 57.4 91.7 91.9 95.2 108.8 151.4 103.2 91.1 97.8 152.0 97.4 103.0 110.6 115.2 103.4 92.2 109.4 112.4 73.9 71.7 (12.0) 102.4 76.6 84.7 135.2 177.4 125.5 92.7 135.5 91.5 87.5 89.1 101.8 99.8 108.6 71.1 46.0 81.7 84.2 73.3
26 26
27 EBITDA 120.1 130.9 9% 27 EBITDA 119.8 140.8 117.0 159.0 92.8 136.4 180.9 172.1 153.5 142.0 106.5 143.8 143.4 147.6 160.6 187.0 153.7 141.7 149.0 203.5 148.9 155.3 162.7 163.9 152.8 141.7 159.3 163.7 120.4 115.1 52.0 146.1 120.6 131.1 180.4 225.7 167.1 134.5 177.2 136.6 129.6 131.7 146.9 149.4 156.4 120.1 102.5 143.1 140.3 130.9
PERÚ PERÚ
1 OPERATING INCOME 2Q25 2Q26 Var % 1 ENERGY SALES 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million 1Q19 1Q19 1Q19 1Q19 1Q19
3 3
4 OPERATING INCOME 57.3 68.6 20% 4 OPERATING INCOME 55.6 55.0 49.1 57.1 47.6 47.0 51.5 46.7 52.7 52.3 40.1 38.4 42.0 41.3 44.2 47.3 37.7 34.8 42.9 44.1 38.0 39.9 49.0 45.0 55.1 53.0 59.2 85.3 59.6 63.7 126.6 62.5 50.9 53.1 59.7 57.4 56.4 57.3 60.6 58.0 66.5 68.6
5 Regulated Customers Sales 29.0 43.6 51% 5 Regulated Customers Sales 32.5 29.1 28.3 29.4 30.4 29.2 31.3 31.7 28.9 27.5 26.8 24.0 27.6 27.8 27.2 28.9 29.3 25.1 26.8 27.4 27.4 26.1 24.6 27.2 36.3 35.7 36.1 39.0 40.2 40.5 38.1 40.6 23.8 22.2 21.5 22.6 28.5 29.0 28.4 29.7 41.8 43.6
6 Unregulated Customers Sales 22.7 22.0 (3%) 6 Nonregulated Customers Sales 5.6 6.6 6.2 0.3 4.0 3.8 3.3 0.0 7.9 9.3 5.4 7.0 8.3 7.7 8.2 8.2 5.5 4.4 6.6 6.0 6.6 5.8 4.6 5.6 5.0 4.7 4.8 5.4 15.3 19.8 36.5 14.8 15.2 18.6 20.3 21.5 23.0 22.7 22.9 22.9 21.1 22.0
7 Energy and Capacity Sales 2.2 0.0 (100%) 7 Sales to Other Generators 8.6 6.4 5.8 17.0 1.5 3.7 5.7 2.3 1.5 3.4 6.5 6.3 4.8 4.8 7.3 3.0 1.7 3.9 8.2 9.1 2.5 6.7 18.6 10.5 9.6 10.9 17.0 39.1 1.8 0.0 50.1 5.9 8.6 8.7 16.7 9.1 0.5 2.2 7.5 2.9 1.2 0.0
8 Transmission Tolls 0.0 0.0 - 8 Transmission Tolls 8.9 12.5 8.5 10.0 10.6 9.0 10.1 11.6 12.9 11.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - - 0.0
9 Other Operating Income 3.4 3.0 - 9 Other Operating Income 0.0 0.3 0.3 0.4 1.2 1.3 1.0 1.1 1.4 1.1 1.4 1.1 1.2 1.0 1.6 7.2 1.3 1.5 1.4 1.5 1.5 1.2 1.2 1.8 4.1 1.8 1.3 1.8 2.2 3.4 1.9 1.1 3.4 3.6 1.2 4.2 4.3 3.4 1.8 2.5 2.4 3.0
10 10
11 RAW MATERIALS AND CONSUMABLES USED -32.0 -38.4 20% 11 RAW MATERIALS AND CONSUMABLES USED (32.3) (41.8) (30.8) (39.5) (34.4) (34.0) (35.7) (37.4) (40.8) (37.8) (30.2) (28.8) (23.5) (20.6) (26.3) (25.4) (15.0) (19.8) (24.2) (25.5) (17.4) (22.1) (25.8) (23.1) (25.7) (27.9) (30.6) (46.1) (29.9) (59.3) (72.6) (33.4) (28.5) (28.2) (32.0) (28.9) (29.4) (32.0) (32.9) (31.7) (69.1) (38.4)
12 Transmission Tolls -1.2 -1.9 58% 12 Transmission Tolls (8.7) (11.0) (7.5) (8.5) (8.8) (8.4) (9.6) (10.2) (10.8) (11.0) (0.7) (0.5) (0.7) (1.3) (0.9) (0.7) (2.2) (1.2) (1.2) (0.4) (1.3) (1.5) (1.5) (1.7) (1.4) (1.3) (1.5) (1.0) (0.8) (1.5) (1.3) (1.3) (1.2) (1.8) (1.3) (1.0) (1.2) (2.4) (2.0) (1.0) (1.9)
13 Energy and Capacity Purchases -5.8 -6.7 - 13 Energy and Capacity Purchases (2.5) (8.7) (3.2) (1.4) (2.9) (0.0) (0.1) (0.0) (6.4) (0.0) (0.1) (0.0) (0.3) (0.4) 0.0 (0.3) (1.3) (0.5) (0.1) (0.0) (0.4) (0.8) (0.5) (0.1) (0.0) (2.1) (1.3) (13.7) (1.7) (38.0) (32.8) (5.0) (1.3) (0.6) (0.0) (0.0) (2.2) (5.8) (0.2) (1.5) (24.8) (6.7)
14 Gas Consumption -21.5 -27.6 28% 14 Gas Consumption (16.9) (19.9) (17.7) (28.3) (20.1) (23.0) (24.3) (24.4) (19.0) (23.6) (24.5) (25.3) (19.6) (16.2) (22.2) (20.8) (11.1) (14.6) (20.6) (19.6) (15.1) (17.3) (21.7) (19.5) (21.9) (22.2) (25.5) (25.8) (24.3) (16.4) (26.6) (24.0) (23.0) (23.9) (28.3) (25.4) (23.6) (21.5) (28.2) (25.3) (20.3) (27.6)
15 Diesel Consumption -0.0 0.0 - 15 Diesel Consumption (1.4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (0.9) 0.0 (0.3) 0.0 0.0 0.0 (0.0) 0.0 0.0 0.0 - (3.4) 0.0 (0.0) 0.0 0.0 0.0 0.0 (0.0) 0.0 0.0 (19.8) 0.0
16 Other Operating Expenses -3.4 -2.3 (34%) 16 Other Operating Expenses (4.3) (2.1) (2.4) (1.3) (2.6) (2.5) (1.6) (2.8) (4.7) (3.2) (3.5) (3.5) (3.1) (3.3) (2.7) (3.4) (1.9) (2.5) (2.2) (3.9) (1.5) (2.4) (2.2) (2.1) (2.1) (2.1) (2.5) (5.1) (3.0) (4.1) (8.3) (3.2) (2.8) (2.6) (2.0) (2.2) (2.6) (3.4) (2.2) (2.9) (3.3) (2.3)
17 17
18 GROSS PROFIT 25.3 30.2 19% 18 GROSS PROFIT 23.3 13.2 18.3 17.6 13.3 13.0 15.8 9.3 11.9 14.5 9.9 9.6 18.5 20.7 17.9 21.9 22.6 15.0 18.7 18.5 20.5 17.8 23.2 21.9 29.4 25.1 28.6 39.1 29.6 4.3 53.9 29.1 22.3 24.9 27.7 28.4 27.0 25.3 27.7 26.3 (2.6) 30.2
19 19
20 Personnel Expenses -2.8 -2.3 (15%) 20 Personnel Expenses (1.9) (1.0) (1.4) (1.6) (1.4) (1.4) (1.4) (1.7) (1.4) (1.5) (1.7) (1.5) (1.5) (1.6) (1.2) (1.9) (1.6) (1.5) (1.5) (1.5) (1.8) (1.5) (1.6) (1.5) (2.6) (1.7) (1.8) (2.8) (2.5) (2.2) (2.7) (2.4) (2.5) (2.2) (2.6) (2.6) (2.8) (2.8) (2.8) (2.9) (3.2) (2.3)
21 Other Expenses, by nature -2.0 -1.9 (4%) 21 Other Expenses, by nature (4.7) (3.1) (0.8) (1.9) (0.5) (0.7) (1.0) 10.2 (0.5) (0.6) (0.9) (1.4) (0.5) (0.6) (0.7) (1.0) (1.5) 0.1 (1.5) (0.7) (1.8) (1.8) (1.7) (2.1) (1.9) (1.7) (2.0) (2.6) (2.1) (1.9) (2.3) (2.6) (2.3) (2.0) (2.5) (2.5) (2.3) (2.0) (2.0) (2.3) (2.1) (1.9)
22 Depreciation and Amortization Expenses -8.9 -9.8 11% 22 Depreciation and Amortization Expenses (8.0) (7.9) (8.0) (8.0) (8.0) (8.0) (7.8) (8.3) (8.2) (8.2) (8.3) (8.6) (10.9) (11.4) (11.8) (11.9) (11.2) (11.5) (12.2) (11.7) (8.9) (8.8) (8.8) (8.9) (8.8) (8.9) (8.9) (9.1) (9.0) (8.5) (8.2) (9.9) (8.8) (9.0) (8.9) (9.0) (8.9) (8.9) (9.0) (9.7) (9.1) (9.8)
23 23
24 OPERATING INCOME (LOSS) 11.7 16.1 38% 24 OPERATING INCOME (LOSS) 8.7 1.2 8.1 6.1 3.4 2.9 5.6 9.4 1.8 4.1 (0.9) (1.9) 5.6 7.1 4.2 7.1 8.4 2.0 3.5 4.6 8.0 5.7 11.1 9.3 16.1 12.9 15.9 24.6 16.0 (8.3) 40.6 14.2 8.7 11.7 13.6 14.3 12.9 11.7 13.9 11.3 (16.9) 16.1
25 25
26 EBITDA 20.6 26.0 26% 26 EBITDA 16.7 9.1 16.1 14.1 11.4 10.9 13.5 17.8 9.9 12.3 7.4 6.7 16.5 18.5 16.0 19.0 19.6 13.5 15.7 16.3 16.9 14.5 19.9 18.3 24.9 21.7 24.7 33.8 25.0 0.2 48.9 24.1 17.6 20.7 22.5 23.3 21.9 20.6 22.9 21.1 (7.9) 26.0
(*) The subtotal shown in "OPERATING INCOME" presented herein, differs from the "Profit (loss) from operating activities" line presented in the Financial Statements. This is explained by a change in taxonomy dictated by the CMF (Financial Market Commission), by means of which the concept of "Other Profit (loss)", which in the case of Colbún are only non-operating items, was incorporated as an operating item in the Financial Statements.
Non-Operating Income
CHILE CHILE
1 NON-OPERATING INCOME 2Q25 2Q26 Var (%) 1 NON-OPERATING INCOME 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million
3 3
4 Financial Income 9.4 8.9 (5%) 4 Financial Income 1.5 1.2 1.7 1.2 1.0 1.1 1.4 2.0 2.5 2.6 2.0 2.3 2.4 2.6 3.0 4.0 4.6 4.3 4.7 5.7 6.2 4.8 4.8 5.6 5.0 2.8 1.5 1.3 1.2 1.1 0.9 1.6 2.4 4.7 7.4 14.8 15.0 16.0 17.1 18.2 14.9 13.6 11.9 8.6 8.4 9.4 9.3 10.0 10.4 8.9
5 Financial Expenses (14.6) (18.5) 27% 5 Financial Expenses (10.6) (18.9) (22.2) (24.2) (22.2) (22.7) (22.2) (23.5) (22.0) (29.4) (20.3) (17.0) (17.1) (16.9) (18.1) (18.0) (16.7) (16.4) (16.3) (16.2) (18.3) (16.1) (15.9) (15.9) (22.5) (16.1) (16.0) (15.9) (15.6) (15.2) (14.4) (15.7) (14.6) (15.0) (16.7) (18.9) (17.5) (16.4) (15.0) (13.9) (13.0) (12.5) (11.8) (12.2) (13.5) (14.6) (22.3) (24.7) (22.6) (18.5)
6 Exchange rate Differences (0.6) 1.4 - 6 Exchange rate Differences (8.9) (4.3) (4.4) (4.9) 0.4 0.1 (11.4) (0.3) 1.7 1.9 0.7 (2.1) (1.2) 1.0 2.8 3.3 (0.9) (6.2) (1.2) (2.4) 0.5 0.6 (6.7) (2.5) (4.8) 6.4 2.3 3.7 (1.8) 1.0 (8.8) (2.6) 0.3 (10.0) (3.0) 9.4 0.7 (4.7) (2.0) (0.8) 0.6 0.3 2.3 (4.5) 2.3 (0.6) 0.6 1.0 0.0 1.4
7 Profit (Loss) of Companies Accounted for Using the Equity Method 3.3 3.4 3% 7 Profit (Loss) of Companies Accounted for Using the Equity Method 1.3 1.6 1.0 (103.2) 1.5 1.7 2.3 1.1 1.4 1.7 1.4 0.9 0.7 1.1 1.3 (0.2) 4.7 2.1 2.8 2.1 2.2 2.6 2.2 2.0 2.3 2.1 2.2 3.3 1.4 2.0 2.1 1.3 2.6 2.6 3.2 3.7 4.0 3.4 2.8 2.9 3.0 3.3 3.2 2.8 3.3 3.3 3.1 2.8 3.1 3.4
8 Other Profit (Loss) (15.6) (32.8) 110% 8 Other Profit (Loss) 7.7 (0.6) 1.6 (10.0) (0.9) (3.9) 10.5 (7.0) (0.6) (3.5) (0.5) (9.0) (4.5) 14.9 (3.6) (91.7) (4.2) (9.3) (4.7) (34.2) (6.0) (9.9) (7.7) (82.6) (29.4) (8.2) (8.3) (13.1) (21.3) (22.3) 819.3 (160.6) (14.6) (13.5) (17.1) (24.5) (14.3) 95.9 6.5 (27.0) (14.2) (9.6) (8.0) (33.0) (11.2) (15.6) (18.0) (36.1) (11.6) (32.8)
9 9
10 Non-Operating Income (18.2) (37.6) 107% 10 Non-Operating Income (6.6) (17.8) (21.3) (138.7) (20.2) (22.4) (18.4) (27.3) (17.0) (26.8) (16.7) (24.9) (19.6) 2.6 (14.6) (102.6) (12.4) (25.5) (14.7) (44.9) (15.2) (18.0) (23.3) (93.4) (49.4) (12.9) (18.3) (20.7) (36.1) (33.5) 799.1 (176.0) (23.9) (31.3) (26.2) (15.5) (12.1) 94.2 9.5 (20.7) (8.7) (4.8) (2.5) (38.2) (10.7) (18.2) (27.3) (47.1) (20.8) (37.6)
11 11
12 Profit (Loss) Before Taxes 52.9 35.8 (32%) 12 Profit (Loss) Before Taxes 71.2 76.8 49.3 (27.6) 25.1 65.5 113.6 95.7 88.7 68.1 40.7 66.8 72.2 97.8 94.3 48.8 90.7 65.6 83.0 89.1 83.7 81.3 87.3 21.8 63.1 79.3 91.1 91.7 37.9 34.1 800.9 (73.8) 52.8 53.4 109.1 162.2 113.4 187.0 145.1 70.8 78.8 84.3 99.3 61.6 97.9 52.9 19.9 34.6 63.4 35.8
13 13
14 Income Tax Expense (14.4) (9.8) (32%) 14 Income Tax Expense (19.6) (5.2) (31.1) (53.7) (18.2) (15.4) (37.9) (28.1) (20.5) (16.0) (10.4) (20.1) (19.5) (18.4) (24.3) 24.6 (24.9) (17.5) (23.2) (31.2) (22.3) (20.1) (23.7) (4.9) (16.1) (20.6) (24.0) (25.4) (74.4) (18.1) (193.4) 15.9 (13.8) (13.5) (28.7) (40.9) (29.8) (49.2) (36.9) (20.2) (20.5) (22.1) (25.7) (9.8) (24.1) (14.4) (4.0) (9.3) (16.9) (9.8)
15 15
16 Profit (Loss) After Tax 38.5 26.0 (32%) 16 Profit (Loss) After Tax 51.5 71.6 18.2 (81.3) 7.0 50.1 75.7 67.6 68.2 52.1 30.3 46.7 52.7 79.4 70.0 73.4 65.9 48.1 59.8 57.9 61.4 61.2 63.6 16.9 47.0 58.7 64.6 66.3 (36.5) 37.3 607.5 (57.9) 39.0 40.0 80.4 121.3 83.6 137.7 108.2 50.6 58.3 62.2 73.5 51.8 73.8 38.5 15.9 25.3 46.5 26.0
17 17
18 Profit (Loss) Controller 38.5 26.0 (32%) 18 Profit (Loss) Controller 51.5 71.6 18.2 (81.3) 7.0 50.1 75.7 71.0 72.2 51.5 29.4 48.4 56.9 67.3 70.1 76.6 65.2 46.5 56.8 71.9 64.4 61.3 59.1 18.2 43.7 54.1 67.0 66.3 (38.9) 35.1 604.2 (60.5) 30.7 41.1 80.4 113.7 83.0 137.8 108.2 50.6 58.3 62.2 73.5 51.6 73.8 38.5 15.9 25.3 46.5 26.0
PERÚ PERÚ
1 NON-OPERATING INCOME 2Q25 2Q26 Var (%) 1 NON-OPERATING INCOME 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million
3 3
4 Financial Income 0.5 0.4 (17%) 4 Financial Income 0.2 0.1 0.1 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.1 0.1 0.1 0.3 0.1 0.1 0.3 0.2 0.1 0.1 0.0 0.0 0.1 (0.3) 0.2 0.3 0.6 0.5 0.5 0.3 0.6 0.5 0.6 0.5 0.5 0.5 0.6 0.4 0.4 0.4
5 Financial Expenses (4.5) (5.7) 26% 5 Financial Expenses (5.4) (2.6) (3.2) (3.4) (3.2) (3.2) (3.7) (4.6) (4.5) (4.7) (4.6) (4.6) (4.6) (8.9) (7.0) (6.6) (6.8) (6.6) (6.9) (6.4) (6.6) (6.2) (6.6) (6.0) (6.3) (5.8) (6.3) (5.7) (5.9) (5.6) (6.0) (5.3) (5.6) (5.1) (5.4) (4.9) (4.9) (4.5) (4.8) (4.8) (5.1) (5.7)
6 Exchange rate Differences 0.8 1.7 - 6 Exchange rate Differences 1.4 0.1 (0.6) 0.5 1.7 (0.2) (0.0) 0.8 (0.2) (0.6) (0.4) (0.7) 0.7 0.3 (1.0) 0.9 (1.3) (1.5) (0.2) (0.2) (1.0) (0.4) (1.5) 1.2 1.2 (0.9) (0.5) 0.9 0.3 1.6 (2.0) 0.3 (0.0) (0.8) 1.0 (0.4) 0.6 0.8 0.7 1.1 (1.4) 1.7
7 Other Profit (Loss) (1.2) (1.1) (15%) 7 Other Profit (Loss) 0.1 (0.7) (0.9) (2.5) (0.1) (0.3) (0.9) 1.3 (0.0) (0.4) (0.8) (0.3) 1.4 (0.9) (2.3) (1.5) (1.1) (1.2) 0.3 (180.2) (0.2) (0.3) (0.6) (1.3) (1.6) (2.5) (1.4) (2.3) (2.0) (1.9) (2.4) (3.1) (2.6) (1.9) (1.6) (2.4) (1.4) (1.2) (0.8) (4.9) (1.2) (1.1)
8 8
9 Non-Operating Income (4.4) (4.6) 4% 9 Non-Operating Income (3.8) (3.1) (4.6) (5.2) (1.4) (3.5) (4.5) (2.4) (4.5) (5.5) (5.4) (5.3) (2.3) (9.4) (10.2) (6.9) (9.1) (9.2) (6.5) (186.7) (7.8) (6.9) (8.7) (6.0) (6.6) (9.6) (8.0) (6.8) (7.1) (5.5) (9.9) (7.8) (7.6) (7.3) (5.4) (7.3) (5.2) (4.4) (4.2) (8.2) (7.3) (4.6)
10 10
11 Profit (Loss) Before Taxes 7.2 11.5 59% 11 Profit (Loss) Before Taxes 4.9 (2.0) 3.5 0.9 2.0 (0.6) 1.2 7.1 (2.7) (1.5) (6.3) 10.8 1.9 (0.9) (6.0) 0.2 (0.7) (7.2) (3.0) (182.1) 0.2 (1.2) 2.4 3.3 9.5 3.3 7.9 17.9 9.0 (13.9) 30.7 6.5 1.1 4.4 8.3 7.1 7.7 7.2 9.7 3.2 (24.3) 11.5
12 12
13 Income Tax Expense 2.5 (0.9) - 13 Income Tax Expense 2.9 1.3 (5.5) 1.3 5.8 (0.5) (1.0) (0.9) 1.2 (1.9) 0.4 (1.4) 2.3 1.0 (2.9) 2.4 (5.9) (1.9) (1.8) 53.0 (4.9) (3.3) (9.0) 2.2 7.4 (5.6) (7.7) (2.9) (0.6) 7.3 (14.5) (0.9) (0.6) (5.1) 0.9 (4.7) 0.9 2.5 (0.3) 2.6 2.0 (0.9)
14 14
15 Profit (Loss) After Tax 9.7 10.6 9% 15 Profit (Loss) After Tax 7.6 (0.4) (1.5) 1.8 7.8 (1.1) 0.2 6.2 (1.5) (3.4) (5.9) 9.4 4.2 0.2 (8.9) 2.6 (6.6) (9.0) (4.8) (129.2) (4.7) (4.5) (6.6) 5.5 16.9 (2.3) 0.2 14.9 8.4 (6.5) 16.2 5.6 0.5 (0.7) 9.2 2.3 8.6 9.7 9.4 5.7 (22.3) 10.6
16 16
17 Profit (Loss) Controller 5.7 10.6 86% 17 Profit (Loss) Controller 3.9 (0.2) (0.8) 0.9 4.2 (12.1) 0.1 3.3 (0.7) (1.6) (3.0) 13.9 3.0 0.1 (4.5) 1.3 (3.3) (4.6) (2.4) (65.9) (2.3) (2.2) (3.2) 2.7 8.3 (1.1) 0.0 7.6 4.9 (3.8) 9.5 3.3 0.3 (0.4) 5.4 1.4 5.1 5.7 9.4 5.7 (22.3) 10.6
18 Profit (Loss) Atributtable to Minority Interest 4.0 0.0 (100%) 18 Profit (Loss) Atributtable to Minority Interest 3.7 (0.2) (0.7) 0.9 3.6 11.0 0.1 2.9 (0.8) (1.7) (2.9) (4.5) 1.1 0.1 (4.4) 1.2 (3.2) (4.5) (2.4) (63.3) (2.4) (2.3) (3.3) 2.8 8.6 (1.1) 0.0 7.3 3.4 (2.7) 6.6 2.3 0.2 (0.3) 3.8 1.0 3.6 4.0 0.0 0.0 0.0 0.0
(*) Regarding Fenix's Financial Statements, for the second quarter of 2019 the following is worth to mention: (1) As of June 2019, a reclassification of toll's revenues and costs was made at Fenix subsidiary level in Peru, presenting the net effect of these items. Prior to that date, income and costs were presented separately in the Income Statement. For comparative purposes, the same reclassification was made in the 1Q19's figures presented in this file. (2)As of June 2019, the gas contract with Calidda, in Peru, began to be recognized as a financial lease, due to the entry into force of IFRS16 accounting regulations. It should be noted that, on that date, the accounting impacts were recorded retroactively for the year 2019. For comparative purposes, the same classification was made in the 1Q19 figures presented in this file. More detail in the Appendix at the end of the Earnings Report
Cash Flow
CHILE CHILE
1 CASH FLOW 4Q24 4Q25 Var (%) 1 CASH FLOW 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26
2 US$ million 2 US$ million
3 3
4 Cash Equivalents, Beg. of Period* 868.0 883.2 2% 4 Cash Equivalents, Beg. of Period 260.4 208.3 337.4 878.3 832.8 816.7 912.5 1,090.6 1,080.8 1,042.8 828.0 577.5 645.0 625.2 642.7 732.6 757.3 840.2 643.3 738.2 764.4 802.7 649.8 766.9 773.6 951.0 813.1 938.6 905.5 1,006.1 757.0 1,864.7 1,391.3 1,175.1 950.6 1,150.7 1,067.5 985.3 882.2 1,092.9 947.5 913.5 824.9 868.0 725.0 724.0 720.1 883.2 826.3
5 5
6 Net cash flows provided by (used in) operating activities 188.4 111.9 (41%) 6 Net cash flows provided by (used in) operating activities 83.1 196.8 148.9 166.8 77.2 157.3 235.1 248.5 98.2 151.8 100.7 151.3 87.4 119.0 145.2 172.2 121.6 83.7 134.8 142.7 74.9 154.0 151.3 129.0 89.4 78.9 154.2 139.4 96.8 93.2 73.9 5.1 36.0 (87.7) 300.3 147.3 61.5 79.0 342.6 161.3 57.2 (31.4) 129.2 188.4 71.4 138.0 75.0 111.9 85.2
7 Net cash flows provided by (used in) financing activities 79.1 (85.7) - 7 Net cash flows provided by (used in) financing activities (83.1) (47.1) 430.9 (184.0) (67.3) (41.5) (29.0) (31.8) (73.3) (333.9) (281.1) (20.3) (71.3) (73.4) (26.3) (133.2) (1.7) (234.5) (11.2) (143.6) (22.2) (284.3) (12.1) (124.1) 104.6 (200.4) (11.8) (113.5) (14.1) (280.9) (12.5) (437.1) (213.0) (82.1) (26.4) (94.0) (43.8) (153.8) (21.0) (177.1) (25.4) (18.4) (25.0) 79.1 (25.9) (42.7) 179.1 (85.7) (39.8)
8 Net cash flows provided by (used in) investing activities** (429.9) (89.1) - 8 Net cash flows provided by (used in) investing activities (48.0) (18.8) (20.3) (33.9) (26.3) (19.8) (22.8) (225.0) (27.3) (35.2) (70.5) (61.4) (36.8) (27.8) (32.2) (22.7) (40.1) (30.3) (25.7) 32.1 (17.1) (19.0) (17.1) 3.3 (14.5) (13.7) (21.4) (38.6) (11.4) (63.4) 1,055.5 (39.2) (41.2) (44.2) (67.0) (135.4) (97.9) (29.3) (102.5) (137.5) (44.9) (39.0) (78.5) (429.9) (52.1) (100.4) (88.8) (89.1) (24.9)
9 Net Cash Flows for the Period (162.4) (62.8) (61%) 9 Net Cash Flows for the Period (48.0) 130.9 559.4 (51.1) (16.4) 96.1 183.3 (8.3) (2.4) (217.2) (251.0) 69.6 (20.7) 17.8 86.7 16.3 79.8 (181.1) 97.8 31.3 35.6 (149.3) 122.2 8.1 179.5 (135.2) 121.0 (12.7) 71.4 (251.1) 1,116.9 (471.2) (218.3) (214.0) 206.9 (82.2) (80.2) (104.1) 219.0 (153.4) (13.1) (88.8) 25.7 (162.4) (6.6) (5.1) 165.3 (62.8) 20.50
10 10
11 Effects of exchange rate changes on cash and cash equivalents (14.8) 6.1 - 11 Effects of exchange rate changes on cash and cash equivalents (4.0) (1.8) (18.6) 5.6 0.3 (0.3) (5.1) (1.5) 6.6 2.4 0.4 -2.0 1.0 (0.4) 3.2 8.4 3.0 (15.8) (2.9) (5.1) 2.7 (3.6) (5.2) (1.4) (2.1) (2.7) 4.5 10.5 (1.7) 2.1 (9.3) (2.0) 2.1 (10.4) (6.8) (1.0) (1.9) 1.2 (8.4) 8.0 (20.9) 0.2 17.5 (14.8) 5.6 1.3 (3.3) 6.1 (2.8)
12 12
13 Cash Equivalents, End of Period 690.8 826.4 20% 13 Cash Equivalents, End of Period 208.3 337.4 878.3 832.8 816.7 912.5 1,090.6 1,080.8 1,042.8 828.0 577.5 645.0 625.2 642.7 732.6 757.3 840.2 643.3 738.2 764.4 802.7 649.8 766.9 773.5 951.0 813.1 938.6 936.4 1,006.1 757.0 1,864.7 1,391.5 1,175.1 950.6 1,150.7 1,067.5 985.3 882.4 1,092.9 947.5 913.5 824.9 868.0 690.8 724.0 720.1 882.2 826.4 844.1
PERÚ PERÚ
1 CASH FLOW 4Q24 4Q25 Var (%) 1 CASH FLOW 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26
2 US$ million 2 US$ million
3 3
4 Cash Equivalents, Beg. of Period* 79.0 65.5 (17%) 4 Cash Equivalents, Beg. of Period 42.2 39.2 40.1 42.8 22.0 39.0 37.8 43.2 52.9 40.6 52.4 46.4 23.7 13.0 17.5 13.4 23.8 28.7 41.0 27.4 31.0 21.8 33.1 21.3 27.9 23.4 39.2 25.2 87.2 76.7 67.5 77.8 83.5 76.6 81.2 79.0 50.1 44.4 67.5 65.5 56.9
5 5
6 Net cash flows provided by (used in) operating activities 12.3 18.6 51% 6 Net cash flows provided by (used in) operating activities 6.0 3.0 8.1 (1.2) 24.8 5.2 25.3 21.9 9.2 15.1 7.6 1.7 3.4 20.7 13.7 18.0 8.5 16.5 29.0 9.5 15.1 17.2 20.4 12.8 20.3 22.7 22.0 31.2 16.4 (0.3) 39.0 19.0 17.5 36.3 21.6 12.3 13.6 30.7 18.4 18.6 10.8
7 Net cash flows provided by (used in) financing activities** (6.7) (25.2) 278% 7 Net cash flows provided by (used in) financing activities (8.8) (0.5) (4.3) (18.7) (4.7) (3.0) (17.1) (9.5) (18.0) (0.7) (13.0) 26.3 (13.9) (6.7) (17.4) (4.3) 1.1 0.6 (21.4) (5.7) (23.5) (4.9) (22.8) (4.6) (24.0) (5.0) (23.8) (4.6) (3.0) (4.3) (23.7) (4.8) (22.2) (26.9) (21.6) (6.7) (17.6) (4.5) (16.7) (25.2) 16.0
8 Net cash flows provided by (used in) investing activities (3.0) (2.4) (21%) 8 Net cash flows provided by (used in) investing activities (0.2) (1.5) (1.1) (0.9) (3.6) (3.3) (1.5) (1.1) (2.1) (1.9) (0.5) (50.1) (0.5) (9.7) (0.1) (3.8) (4.1) (4.6) (20.9) (0.1) (0.5) (1.1) (8.3) (2.4) (2.2) (1.7) (11.6) 35.2 (24.2) (5.3) (4.2) (8.4) (1.7) (4.3) (2.6) (3.0) (2.2) (3.4) (4.3) (2.4) (2.6)
9 Net Cash Flows for the Period 2.6 (9.0) (441%) 9 Net Cash Flows for the Period (3.0) 1.0 2.6 (20.7) 16.6 (1.2) 6.6 11.3 (10.9) 12.5 (5.9) (22.2) (11.0) 4.3 (3.8) 9.9 5.5 12.5 (13.3) 3.7 (8.9) 11.3 (10.7) 5.8 (5.9) 16.0 (13.4) 61.8 (10.8) (9.9) 11.1 5.8 (6.4) 5.0 (2.6) 2.6 (6.1) 22.8 (2.5) (9.0) 24.3
10 10
11 Effects of exchange rate changes on cash and cash equivalents (0.1) 0.4 (458%) 11 Effects of exchange rate changes on cash and cash equivalents 0.0 0.0 0.0 0.0 0.4 0.0 (1.2) (1.6) (1.4) (0.7) (0.1) (0.5) 0.3 0.2 (0.3) 0.5 (0.6) (0.2) (0.3) (0.1) (0.3) 0.0 (1.0) 0.6 1.4 (0.2) (0.7) 0.2 0.3 0.7 (0.8) (0.1) (0.5) (0.4) 0.4 (0.1) 0.4 0.3 0.6 0.4 (0.6)
12 12
13 Cash Equivalents, End of Period 81.6 56.9 (30%) 13 Cash Equivalents, End of Period 39.2 40.1 42.8 22.0 39.0 37.8 43.2 52.9 40.6 52.4 46.4 23.7 13.0 17.5 13.4 23.8 28.7 41.0 27.4 31.0 21.8 33.1 21.3 27.7 23.4 39.2 25.2 87.2 76.7 67.5 77.8 83.5 76.6 81.2 79.0 81.6 44.4 67.5 65.5 56.9 80.6
(*) The account "Cash and Cash Equivalents" presented includes the amount associated to time deposits that, by having an investment term of more than 90 days, are recorded as "Other Current Financial Assets" in the Financial Statements. (**) "Cash Flow from Investing Activities" differs from the Financial Statements since it does not incorporate the amount associated with deposits with maturity over 90 days.
Amortization Profile
CHILE
AMORTIZATION PROFILE (*) 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
US$ million
Colbun - 0 - 0 234 - 200 500 - 600 - - 500
PERÚ
AMORTIZATION PROFILE (*) 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
US$ million
Fenix - - - - - 200 - - - - -
(*) Leasings, accrued interests and activated expenses are not included.
Balance Sheet
CHILE CHILE
1 BALANCE SHEET (MAIN ACCOUNTS) 2Q25 2Q26 Var (%) 1 BALANCE SHEET (MAIN ACCOUNTS) 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million
3 3
4 Current assets 1,193 1,173 (2%) 4 Current assets 852 878 967 1,037 1,123 906 1,019 1,079 1,149 962 1,057 1,069 1,240 1,066 1,154 1,185 1,771 1,530 2,102 1,701 1,531 1,452 1,469 1,585 1,521 1,412 1,542 1,334 1,334 1,245 1,266 1,101 1,182 1,193 1,391 1,303 1,301 1,173
5 Non-current assets 5,133 5,305 3% 5 Non-current assets 5,112 5,118 5,083 5,039 5,033 5,004 4,986 4,915 4,900 4,856 4,817 4,715 4,692 4,704 4,689 4,692 4,189 4,202 4,337 4,197 4,108 4,221 4,249 4,253 4,399 4,495 4,474 4,642 4,676 4,709 4,767 5,156 5,127 5,133 5,132 5,248 5,324 5,305
6 6
7 TOTAL ASSETS 6,326 6,478 2% 7 TOTAL ASSETS 5,964 5,996 6,050 6,076 6,156 5,910 6,005 5,994 6,049 5,818 5,873 5,784 5,931 5,770 5,843 5,877 5,960 5,732 6,439 5,898 5,639 5,673 5,719 5,839 5,920 5,908 6,015 5,976 6,011 5,954 6,032 6,257 6,309 6,326 6,523 6,551 6,625 6,478
8 8
9 Current liabilities 243 300 24% 9 Current liabilities 332 258 251 322 311 241 238 302 279 217 227 268 245 187 193 215 342 331 479 593 298 336 297 430 367 297 297 384 367 245 244 293 271 243 210 288 328 300
10 Non-current liabilities 3,041 3,139 3% 10 Non-current liabilities 2,298 2,289 2,304 2,263 2,276 2,240 2,282 2,243 2,258 2,247 2,230 2,186 2,318 2,310 2,308 2,332 2,323 2,312 2,276 2,709 2,726 2,725 2,735 2,779 2,781 2,780 2,778 2,794 2,790 2,792 2,796 3,034 3,036 3,041 3,329 3,299 3,286 3,139
11 Total equity 3,042 3,039 (0%) 11 Total equity 3,333 3,450 3,495 3,491 3,568 3,429 3,485 3,450 3,513 3,354 3,416 3,330 3,368 3,273 3,341 3,330 3,295 3,088 3,683 2,596 2,616 2,612 2,686 2,678 2,772 2,830 2,940 2,798 2,853 2,793 2,992 2,804 3,002 3,042 2,984 2,962 3,011 3,039
12 12
13 TOTAL LIABILITIES AND NET EQUITY 6,326 6,478 2% 13 TOTAL LIABILITIES AND NET EQUITY 5,963 5,996 6,050 6,076 6,156 5,910 6,005 5,994 6,049 5,818 5,873 5,784 5,931 5,770 5,843 5,877 5,960 5,732 6,439 5,898 5,639 5,673 5,719 5,886 5,920 5,908 6,015 5,976 6,011 5,830 6,032 6,131 6,309 6,326 6,523 6,549 6,625 6,478
PERÚ PERÚ
1 BALANCE SHEET (MAIN ACCOUNTS) 2Q25 2Q26 Var (%) 1 BALANCE SHEET (MAIN ACCOUNTS) 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
2 US$ million 2 US$ million
3 3
4 Current assets 114 124 9% 4 Current assets 99 102 104 110 97 104 98 72 67 68 61 70 74 91 78 75 64 77 61 65 66 77 67 103 82 75 112 92 88 103 102 99 101 114 117 110 138 124
5 Non-current assets 548 561 2% 5 Non-current assets 735 728 743 736 732 724 717 712 734 862 846 851 857 842 810 683 670 660 645 639 644 635 621 616 614 616 601 593 582 568 563 552 548 548 542 538 534 561
6 6
7 TOTAL ASSETS 662 685 4% 7 TOTAL ASSETS 834 830 847 847 830 828 814 784 801 930 907 921 930 933 889 757 734 736 706 705 710 712 687 719 696 692 713 684 669 671 666 651 649 662 659 649 672 685
8 8
9 Current liabilities 83 111 33% 9 Current liabilities 22 21 28 33 34 36 43 43 46 53 60 70 100 113 92 91 88 96 92 86 91 98 93 113 95 99 119 87 81 86 82 77 78 83 83 88 137 111
10 Non-current liabilities 260 304 17% 10 Non-current liabilities 375 373 359 354 348 348 333 333 344 465 444 446 432 430 412 410 395 394 373 373 357 354 334 331 317 315 301 299 288 286 276 274 262 260 248 277 275 304
11 Total net equity 319 271 (15%) 11 Total net equity 437 435 460 459 448 445 439 407 411 412 403 405 399 390 385 255 251 246 240 245 262 260 260 275 284 277 293 299 300 299 308 427 309 319 328 283 261 271
12 12
13 TOTAL LIABILITIES AND NET EQUITY 662 685 4% 13 TOTAL LIABILITIES AND NET EQUITY 834 830 847 847 830 828 814 784 801 930 907 921 930 933 889 757 734 736 706 705 710 712 687 719 696 692 713 684 669 671 666 778 649 662 659 649 672 685
Main Debt Items
CHILE CHILE
MAIN DEBT ITEMS 2Q25 2Q26 Var (%) 1 MAIN DEBT ITEMS 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
US$ million 2 US$ million
3
Gross Financial Debt (*) 1,983 2,064 4% 4 Gross Financial Debt* 1,621 1,618 2,045 1,894 1,888 1,877 1,871 1,858 1,866 1,627 1,362 1,347 1,343 1,341 1,345 1,305 1,318 1,281 1,288 1,254 1,272 1,256 1,244 1,219 1,348 1,334 1,338 1,337 1,338 1,321 1,322 1,881 1,718 1,727 1,717 1,743 1,742 1,747 1,750 1,764 1,759 1,766 1,767 1,976 1,976 1,983 2,257 2,250 2,210 2,064
Financial Investments (**) 720 771 7% 5 Financial Investments 208 337 878 833 817 913 1,091 1,058 1,042 822 577 645 625 643 733 757 840 643 738 764 803 650 767 774 951 813 939 939 1,006 757 1,865 1,391 1,175 951 1,151 1,105 1,023 920 1,131 985 951 856 899 725 724 720 883 826 844 771
Net Debt 1,263 1,294 2% 6 Net Debt 1,413 1,281 1,167 1,061 1,071 965 780 800 824 805 784 702 717 699 612 548 478 638 550 490 469 606 477 446 397 521 400 398 332 564 (542) 490 543 776 567 638 719 828 619 778 808 910 868 1,251 1,252 1,263 1,374 1,423 1,366 1,294
EBITDA LTM 573 517 (10%) 7 EBITDA LTM 383 393 484 537 510 505 569 582 643 648 574 546 536 541 595 639 649 643 631 648 643 657 670 631 635 621 618 617 585 576 468 451 434 450 578 658 705 708 704 615 578 575 545 558 584 573 528 523 506 517
Net Debt/EBITDA LTM (x) 2 3 14% 8 Net Debt/EBITDA LTM (x) 4 3 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 - 1 1 2 1 1 1 1 1 1 1 2 2 2 2 2 3 3 3 3
PERÚ PERÚ
MAIN DEBT ITEMS 2Q25 2Q26 Var (%) 1 MAIN DEBT ITEMS 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
US$ million 2 US$ million
3
Gross Financial Debt (*) 309 374 21% 4 Gross Financial Debt* 378 383 379 363 361 361 351 354 350 354 345 349 340 469 457 459 467 472 459 460 443 445 428 430 411 412 394 395 377 377 359 360 343 343 327 322 309 309 297 308 351 374
Financial Investments (**) 68 12 (82%) 5 Financial Investments 21 27 43 22 39 38 43 53 41 52 46 24 13 17 13 24 29 41 27 29 22 33 21 28 22 39 25 50 39 30 40 46 39 50 48 50 44 68 65 57 81 12
Net Debt 241 362 50% 6 Net Debt 358 356 336 341 322 324 307 301 310 302 299 325 327 451 444 435 439 431 431 431 422 412 407 402 389 373 369 346 337 347 319 314 304 293 278 272 265 241 231 252 270 362
EBITDA LTM 88 62 (30%) 7 EBITDA LTM 52 43 46 56 51 53 50 54 52 54 47 36 43 49 58 70 77 68 68 65 62 63 68 70 77 85 90 105 105 84 108 98 91 111 85 84 88 88 89 86 57 62
Net Debt/EBITDA LTM (x) 3 6 113% 8 Net Debt/EBITDA LTM (x) 7 8 7 6 6 6 6 6 6 6 6 9 8 9 8 6 6 6 6 7 7 7 6 6 5 4 4 3 3 4 3 3 3 3 3 3 3 3 3 3 5 6
(*) Includes capitalised expenses. (**) The account "Financial Investments" presented includes the amount associated to time deposits that, by having an investment term of more than 90 days, are recorded as "Other Current Financial Assets" in the Financial Statements.

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