Balance Sheet Grupo Nutresa S. A.

Equities

NUTRESA

COT04PA00028

Food Processing

End-of-day quote Bolsa De Valores De Colombia Other stock markets 12/03/2026			5-day change	1st Jan Change
304,400.00 ^COP	0.00%		+1.47%	+7.94%

12/03	Grupo Nutresa S. A., Q4 2025 Earnings Call, Feb 19, 2026
19/02	Grupo Nutresa S. A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: GRUPO NUTRESA S. A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	12,738B	17,038B	18,906B	18,590B	20,579B
Total Revenues	12,738B	17,038B	18,906B	18,590B	20,579B
Cost of Goods Sold, Total	7,841B	11,055B	11,861B	11,305B	12,458B
Gross Profit	4,897B	5,983B	7,046B	7,285B	8,121B
Selling General & Admin Expenses, Total	3,833B	4,547B	5,340B	5,446B	5,780B
Other Operating Expenses	-691M	-16.96B	-32.11B	14.66B	-37.28B
Other Operating Expenses, Total	3,832B	4,530B	5,308B	5,460B	5,743B
Operating Income	1,065B	1,453B	1,738B	1,825B	2,378B
Interest Expense, Total	-123B	-360B	-674B	-622B	-1,425B
Interest And Investment Income	87.45B	122B	172B	57.66B	628B
Net Interest Expenses	-35.46B	-238B	-501B	-565B	-797B
Income (Loss) On Equity Invest.	-1.01B	18.15B	-2.7B	-10.79B	-3.94B
Currency Exchange Gains (Loss)	51.16B	83.55B	-162B	10.82B	2.31B
Other Non Operating Income (Expenses)	-101B	-59.24B	-72.07B	-78.04B	50.99B
EBT, Excl. Unusual Items	979B	1,258B	999B	1,182B	1,631B
Gain (Loss) On Sale Of Assets	3.17B	2.79B	2.82B	-	16.24B
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	5.17B	664M	-	-	-
EBT, Incl. Unusual Items	988B	1,261B	1,002B	1,182B	1,647B
Income Tax Expense	263B	357B	262B	417B	289B
Earnings From Continuing Operations	724B	904B	740B	765B	1,358B
Earnings Of Discontinued Operations	-31.21B	-34M	-	-	-112B
Net Income to Company	693B	904B	740B	765B	1,245B
Minority Interest	-16.38B	-20.79B	-19.13B	-14.07B	-9.57B
Net Income - (IS)	677B	883B	720B	751B	1,236B
Net Income to Common Incl Extra Items	677B	883B	720B	751B	1,236B
Net Income to Common Excl. Extra Items	708B	883B	720B	751B	1,348B
Per Share Items
Net EPS - Basic	1.47K	1.93K	1.57K	1.64K	2.71K
Basic EPS - Continuing Operations	1.54K	1.93K	1.57K	1.64K	2.95K
Basic Weighted Average Shares Outstanding	459M	458M	458M	458M	457M
Net EPS - Diluted	1.47K	1.93K	1.57K	1.64K	2.71K
Diluted EPS - Continuing Operations	1.54K	1.93K	1.57K	1.64K	2.95K
Diluted Weighted Average Shares Outstanding	459M	458M	458M	458M	457M
Normalized Basic EPS	1.3K	1.67K	1.32K	1.58K	2.21K
Normalized Diluted EPS	1.3K	1.67K	1.32K	1.58K	2.21K
Dividend Per Share	948	1.16K	-	-	-
Payout Ratio	46.54	45.88	79.19	89.57	0.01
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1,343B	1,756B	2,181B	2,152B	2,672B
EBITA	1,077B	1,466B	1,888B	1,873B	2,371B
EBIT	1,065B	1,453B	1,738B	1,825B	2,378B
EBITDAR	1,413B	1,845B	2,278B	2,252B	2,773B
Effective Tax Rate - (Ratio)	26.64	28.33	26.19	35.27	17.56
Total Current Taxes	239B	409B	322B	439B	414B
Total Deferred Taxes	24.16B	-51.61B	-59.29B	-21.83B	-125B
Normalized Net Income	596B	765B	605B	725B	1,010B
Interest on Long-Term Debt	62.58B	61.25B	102B	108B	863B
Non-Cash Pension Expense	119B	139B	110B	80.98B	240B
Supplemental Operating Expense Items
Advertising Expense	143B	165B	198B	155B	141B
Selling and Marketing Expenses	3,282B	3,903B	4,544B	4,682B	4,851B
General and Administrative Expenses	547B	648B	748B	737B	914B
Net Rental Expense, Total	69.61B	89.21B	97.04B	100B	101B
Imputed Operating Lease Interest Expense	16.31B	53.84B	99.42B	93.47B	101B
Imputed Operating Lease Depreciation	53.3B	35.37B	-2.38B	6.94B	260M
Maintenance & Repair Expenses, Total	135B	156B	200B	226B	219B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	863B	1,060B	1,068B	1,128B	3,195B
Short Term Investments	27.6B	123B	78.75B	80.63B	103B
Trading Asset Securities, Total	-	-	-	-	12.28B
Total Cash And Short Term Investments	890B	1,183B	1,147B	1,209B	3,310B
Accounts Receivable, Total	1,383B	1,857B	1,704B	2,119B	2,108B
Other Receivables	227B	283B	383B	364B	565B
Total Receivables	1,609B	2,140B	2,087B	2,483B	2,673B
Inventory	1,934B	3,264B	2,460B	2,630B	2,738B
Prepaid Expenses	25.18B	24.97B	27.78B	32.49B	74.29B
Other Current Assets, Total	136B	188B	59.8B	61.79B	22.9B
Total Current Assets	4,595B	6,800B	5,782B	6,416B	8,818B
Gross Property Plant And Equipment	6,675B	7,568B	7,526B	8,291B	8,323B
Accumulated Depreciation	-2,235B	-2,623B	-2,622B	-2,939B	-3,104B
Net Property Plant And Equipment	4,440B	4,945B	4,904B	5,352B	5,219B
Long-term Investments	3,246B	3,779B	395B	424B	8,740B
Goodwill	2,446B	2,744B	2,379B	2,464B	2,347B
Other Intangibles, Total	1,355B	1,514B	1,358B	1,392B	1,329B
Accounts Receivable Long-Term	44.33B	47.53B	37.23B	48.4B	49.17B
Deferred Tax Assets Long-Term	782B	888B	811B	822B	896B
Other Long-Term Assets, Total	48.32B	40.64B	23.78B	24.34B	22.12B
Total Assets	16,956B	20,757B	15,689B	16,942B	27,419B
Liabilities
Accounts Payable, Total	1,099B	1,429B	971B	1,167B	1,358B
Accrued Expenses, Total	363B	453B	547B	617B	760B
Current Portion of Long-Term Debt	179B	600B	765B	576B	909B
Current Portion of Leases	107B	101B	180B	208B	159B
Current Income Taxes Payable	72.41B	142B	86.85B	83.81B	66B
Unearned Revenue Current, Total	-	33.23B	45.74B	61.27B	47.38B
Other Current Liabilities	808B	1,051B	1,107B	989B	1,174B
Total Current Liabilities	2,628B	3,809B	3,703B	3,701B	4,473B
Long-Term Debt	3,158B	3,779B	3,344B	3,835B	15,401B
Long-Term Leases	724B	890B	859B	927B	840B
Pension & Other Post Retirement Benefits	200B	217B	219B	217B	186B
Deferred Tax Liability Non Current	1,196B	1,251B	1,112B	1,135B	1,095B
Other Non Current Liabilities	8.57B	6.82B	7.05B	7.46B	6.93B
Total Liabilities	7,914B	9,953B	9,245B	9,824B	22,003B
Common Stock, Total	2.3B	2.3B	2.3B	2.3B	2.3B
Additional Paid In Capital	547B	547B	117B	117B	117B
Retained Earnings	2,276B	2,524B	2,495B	2,526B	3,010B
Comprehensive Income and Other	6,141B	7,644B	3,753B	4,391B	2,248B
Total Common Equity	8,966B	10,716B	6,368B	7,037B	5,378B
Minority Interest	76.17B	88.32B	76.58B	82.29B	38.97B
Total Equity	9,042B	10,805B	6,444B	7,119B	5,417B
Total Liabilities And Equity	16,956B	20,757B	15,689B	16,942B	27,419B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	458M	458M	458M	458M	455M
ECS Total Common Shares Outstanding	458M	458M	458M	458M	455M
Book Value / Share	19.59K	23.41K	13.91K	15.37K	11.81K
Tangible Book Value	5,165B	6,459B	2,631B	3,181B	1,702B
Tangible Book Value Per Share	11.28K	14.11K	5.75K	6.95K	3.74K
Total Debt	4,168B	5,370B	5,148B	5,546B	17,310B
Net Debt	3,278B	4,187B	4,001B	4,337B	14,000B
Debt Equivalent of Unfunded Proj. Benefit Obligation	270B	298B	304B	291B	350B
Debt Equivalent Oper. Leases	557B	714B	776B	803B	809B
Minority Interest, Total (Incl. Fin. Div)	76.17B	88.32B	76.58B	82.29B	38.97B
Equity Method Investments, Total	218B	232B	261B	259B	61.25B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	996B	1,776B	1,193B	1,236B	1,353B
Inventories - Work In Process, Total	111B	176B	147B	179B	147B
Inventories - Finished Goods, Total	639B	1,058B	897B	1,035B	1,061B
Inventories - Others	192B	259B	227B	182B	179B
Land - (BS)	833B	883B	833B	857B	838B
Buildings, Total	995B	1,209B	1,147B	1,253B	1,269B
Machinery, Total	3,372B	4,006B	3,897B	4,336B	4,680B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	677B	883B	720B	751B	1,236B
Depreciation & Amortization - CF	395B	429B	435B	435B	471B
Amortization of Goodwill and Intangible Assets - (CF)	11.41B	12.81B	150B	48.24B	-7.56B
Depreciation & Amortization, Total	407B	442B	586B	484B	463B
Amortization of Deferred Charges, Total - (CF)	14.24B	27.06B	80.16B	40.84B	44.63B
Net Cash From Discontinued Operations	-11M	-28M	-	-	-78.47B
Other Operating Activities, Total	-13.38B	-819B	722B	489B	746B
Cash from Operations	1,084B	532B	2,108B	1,765B	2,411B
Capital Expenditure	-410B	-447B	-497B	-591B	-375B
Sale of Property, Plant, and Equipment	40.5B	14.68B	6.34B	4.33B	13.06B
Cash Acquisitions	-84.84B	-79.35B	-	99M	-160B
Divestitures	-	-	3.66B	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-47.94B
Investment in Marketable and Equity Securities, Total	-69.75B	-83.48B	-60.1B	-10.9B	-9,832B
Other Investing Activities, Total	90.05B	109B	184B	52.63B	545B
Cash from Investing	-434B	-486B	-363B	-545B	-9,857B
Long-Term Debt Issued, Total	-	861B	259B	652B	24,543B
Total Debt Issued	-	861B	259B	652B	24,543B
Long-Term Debt Repaid, Total	-240B	-184B	-614B	-631B	-12,778B
Total Debt Repaid	-240B	-184B	-614B	-631B	-12,778B
Repurchase of Common Stock	-52.04B	-	-	-	-305B
Common Dividends Paid	-315B	-405B	-571B	-673B	-123M
Common & Preferred Stock Dividends Paid	-315B	-405B	-571B	-673B	-123M
Other Financing Activities, Total	-164B	-301B	-630B	-617B	-1,163B
Cash from Financing	-772B	-28.56B	-1,556B	-1,269B	10,297B
Foreign Exchange Rate Adjustments	49.77B	179B	-181B	109B	-784B
Net Change in Cash	-70.86B	198B	7.82B	60.33B	2,067B
Supplemental Items
Cash Interest Paid	120B	240B	544B	526B	1,104B
Cash Income Tax Paid (Refund)	289B	331B	464B	431B	608B
Levered Free Cash Flow	339B	-442B	1,467B	273B	868B
Unlevered Free Cash Flow	416B	-217B	1,887B	662B	1,758B
Change In Net Working Capital	262B	1,147B	-632B	412B	-187B
Net Debt Issued / Repaid	-240B	678B	-356B	20.63B	11,765B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.1	4.82	5.96	6.99	6.7
Return on Total Capital	5.18	6.18	7.82	9.4	8.4
Return On Equity %	8.38	9.11	8.58	11.29	21.66
Return on Common Equity	8.25	8.97	8.43	11.21	21.72
Margin Analysis
Gross Profit Margin %	38.45	35.12	37.27	39.19	39.46
SG&A Margin	30.09	26.69	28.24	29.29	28.09
EBITDA Margin %	10.55	10.31	11.53	11.58	12.98
EBITA Margin %	8.45	8.6	9.99	10.08	11.52
EBIT Margin %	8.36	8.53	9.19	9.82	11.56
Income From Continuing Operations Margin %	5.69	5.3	3.91	4.12	6.6
Net Income Margin %	5.31	5.18	3.81	4.04	6
Net Avail. For Common Margin %	5.56	5.18	3.81	4.04	6.55
Normalized Net Income Margin	4.68	4.49	3.2	3.9	4.91
Levered Free Cash Flow Margin	2.66	-2.59	7.76	1.47	4.22
Unlevered Free Cash Flow Margin	3.26	-1.27	9.98	3.56	8.54
Asset Turnover
Asset Turnover	0.78	0.9	1.04	1.14	0.93
Fixed Assets Turnover	2.93	3.63	3.84	3.63	3.89
Receivables Turnover (Average Receivables)	9.9	10.52	10.62	9.73	9.74
Inventory Turnover (Average Inventory)	4.56	4.25	4.14	4.44	4.64
Short Term Liquidity
Current Ratio	1.75	1.79	1.56	1.73	1.97
Quick Ratio	0.95	0.87	0.87	1	1.34
Operating Cash Flow to Current Liabilities	0.41	0.14	0.57	0.48	0.54
Days Sales Outstanding (Average Receivables)	36.88	34.7	34.37	37.63	37.48
Days Outstanding Inventory (Average Inventory)	80.11	85.82	88.07	82.4	78.64
Average Days Payable Outstanding	40.22	37.25	39.6	34.1	36.67
Cash Conversion Cycle (Average Days)	76.78	83.26	82.84	85.93	79.45
Long Term Solvency
Total Debt/Equity	46.09	49.7	79.88	77.91	319.56
Total Debt / Total Capital	31.55	33.2	44.41	43.79	76.17
LT Debt/Equity	42.93	43.21	65.21	66.9	299.84
Long-Term Debt / Total Capital	29.39	28.87	36.25	37.6	71.47
Total Liabilities / Total Assets	46.67	47.95	58.92	57.98	80.24
EBIT / Interest Expense	8.67	4.04	2.58	2.93	1.67
EBITDA / Interest Expense	11.98	5.27	3.45	3.71	1.99
(EBITDA - Capex) / Interest Expense	8.64	4.03	2.71	2.76	1.73
Total Debt / EBITDA	2.83	2.83	2.22	2.4	6.09
Net Debt / EBITDA	2.23	2.21	1.72	1.88	4.93
Total Debt / (EBITDA - Capex)	3.92	3.71	2.82	3.23	7.02
Net Debt / (EBITDA - Capex)	3.08	2.89	2.19	2.53	5.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.48	33.75	10.97	-1.67	10.7
Gross Profit, 1 Yr. Growth %	9.97	22.17	17.75	3.4	11.47
EBITDA, 1 Yr. Growth %	6.11	30.73	24.18	5.3	23.37
EBITA, 1 Yr. Growth %	8.18	36.16	28.79	6.89	25.66
EBIT, 1 Yr. Growth %	8.86	36.42	19.59	5	29.36
Earnings From Cont. Operations, 1 Yr. Growth %	23.97	24.75	-18.17	3.48	77.39
Net Income, 1 Yr. Growth %	17.63	30.45	-18.4	4.27	64.49
Normalized Net Income, 1 Yr. Growth %	20.71	28.48	-20.89	19.38	39.88
Diluted EPS Before Extra, 1 Yr. Growth %	23.25	25.03	-18.41	4.27	79.86
Accounts Receivable, 1 Yr. Growth %	16.02	34.29	-8.24	24.34	-0.49
Inventory, 1 Yr. Growth %	28.31	68.71	-24.62	6.9	4.1
Net Property, Plant and Equip., 1 Yr. Growth %	4.14	11.36	-0.83	9.15	-2.5
Total Assets, 1 Yr. Growth %	9.13	22.42	-24.42	7.99	61.84
Tangible Book Value, 1 Yr. Growth %	14.16	25.05	-59.26	20.9	-46.5
Common Equity, 1 Yr. Growth %	9.37	19.52	-40.58	10.5	-23.57
Cash From Operations, 1 Yr. Growth %	-8.53	-50.9	295.84	-16.28	36.63
Capital Expenditures, 1 Yr. Growth %	37.15	9.04	11.26	18.97	-30.54
Levered Free Cash Flow, 1 Yr. Growth %	-45.32	-245.45	-432.08	-78.79	208.62
Unlevered Free Cash Flow, 1 Yr. Growth %	-42.76	-152.14	-970.78	-61.24	162.42
Dividend Per Share, 1 Yr. Growth %	35.04	22.09	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.1	23.74	21.83	4.46	4.33
Gross Profit, 2 Yr. CAGR %	7.59	15.91	19.94	10.34	7.36
EBITDA, 2 Yr. CAGR %	7.04	17.78	27.41	10.69	14.34
EBITA, 2 Yr. CAGR %	8.58	21.37	32.42	13.03	16.32
EBIT, 2 Yr. CAGR %	8.32	21.86	27.73	12.06	16.99
Earnings From Cont. Operations, 2 Yr. CAGR %	17.24	24.36	1.04	-7.98	35.49
Net Income, 2 Yr. CAGR %	15.94	23.87	3.17	-7.76	30.97
Normalized Net Income, 2 Yr. CAGR %	15.28	24.53	0.82	-2.67	28.94
Diluted EPS Before Extra, 2 Yr. CAGR %	16.84	24.13	1	-7.76	36.95
Accounts Receivable, 2 Yr. CAGR %	8.88	24.82	11.01	6.82	11.23
Inventory, 2 Yr. CAGR %	19.94	47.13	12.77	-10.23	5.49
Net Property, Plant and Equip., 2 Yr. CAGR %	1.67	7.69	5.09	4.04	3.16
Total Assets, 2 Yr. CAGR %	4.06	15.58	-3.81	-9.66	32.2
Tangible Book Value, 2 Yr. CAGR %	0.8	19.48	-28.63	-29.82	-19.58
Common Equity, 2 Yr. CAGR %	1.96	14.33	-15.73	-18.97	-8.1
Cash From Operations, 2 Yr. CAGR %	2.93	-32.98	39.41	82.04	6.95
Capital Expenditures, 2 Yr. CAGR %	18.34	22.29	10.15	15.05	-13.13
Levered Free Cash Flow, 2 Yr. CAGR %	-9.77	-15.58	119.77	-21.42	-17.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.44	-45.37	113.09	74.7	1.5
Dividend Per Share, 2 Yr. CAGR %	20.84	28.4	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.21	19.6	19.33	13.43	6.5
Gross Profit, 3 Yr. CAGR %	7.89	12.25	16.52	14.15	10.72
EBITDA, 3 Yr. CAGR %	6.74	14.42	19.88	17.01	15.01
EBITA, 3 Yr. CAGR %	8.65	17.09	23.79	20.27	17.38
EBIT, 3 Yr. CAGR %	8.91	16.98	21.1	19.65	17.85
Earnings From Cont. Operations, 3 Yr. CAGR %	12.06	19.7	8.17	1.85	14.53
Net Income, 3 Yr. CAGR %	10.23	20.59	7.78	3.54	11.86
Normalized Net Income, 3 Yr. CAGR %	11.68	19.53	7.05	6.77	9.68
Diluted EPS Before Extra, 3 Yr. CAGR %	11.55	19.51	7.93	2.08	15.24
Accounts Receivable, 3 Yr. CAGR %	10.65	16.77	12.66	15.29	4.32
Inventory, 3 Yr. CAGR %	17.11	34.39	17.73	10.78	-5.69
Net Property, Plant and Equip., 3 Yr. CAGR %	9.56	4.8	4.77	6.42	1.81
Total Assets, 3 Yr. CAGR %	7.83	9.85	0.32	-0.03	9.72
Tangible Book Value, 3 Yr. CAGR %	0.84	8.31	-16.53	-14.92	-35.89
Common Equity, 3 Yr. CAGR %	2.65	7.51	-8.08	-7.76	-20.53
Cash From Operations, 3 Yr. CAGR %	8.8	-19.58	21.14	17.62	65.44
Capital Expenditures, 3 Yr. CAGR %	17.42	15.16	18.5	13.01	-5.66
Levered Free Cash Flow, 3 Yr. CAGR %	1.74	1.99	33.26	-3.52	25.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.3	-25.77	37.49	16.75	100.94
Dividend Per Share, 3 Yr. CAGR %	15.7	21.26	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.98	14.4	15.96	13.3	13.08
Gross Profit, 5 Yr. CAGR %	6.57	10.08	12.56	11.48	12.77
EBITDA, 5 Yr. CAGR %	6.14	12.03	14.57	12.91	16.11
EBITA, 5 Yr. CAGR %	6.68	14.55	17.6	15.45	18.96
EBIT, 5 Yr. CAGR %	6.58	14.79	16.08	14.98	19.44
Earnings From Cont. Operations, 5 Yr. CAGR %	12.53	16.27	7.51	7.75	18.36
Net Income, 5 Yr. CAGR %	11.33	16.01	7.35	8.33	16.52
Normalized Net Income, 5 Yr. CAGR %	13.68	19.37	7.2	10.1	15.39
Diluted EPS Before Extra, 5 Yr. CAGR %	12.29	16.07	7.2	7.75	18.72
Accounts Receivable, 5 Yr. CAGR %	9.23	14.16	10.79	12.68	12.08
Inventory, 5 Yr. CAGR %	11.87	25.12	15.36	14.36	12.67
Net Property, Plant and Equip., 5 Yr. CAGR %	5.54	7.81	7.75	4.49	4.12
Total Assets, 5 Yr. CAGR %	4.36	7.72	3.01	1.59	12.03
Tangible Book Value, 5 Yr. CAGR %	0.06	2.86	-12.18	-8.95	-17.76
Common Equity, 5 Yr. CAGR %	1.44	3.77	-5.14	-3.99	-8.09
Cash From Operations, 5 Yr. CAGR %	6.06	-11.12	20.15	11.51	15.25
Capital Expenditures, 5 Yr. CAGR %	-0.08	11.61	14.45	15.11	4.66
Levered Free Cash Flow, 5 Yr. CAGR %	22.69	-3.94	35.44	-8.11	6.97
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.15	-20.67	33.46	4.53	19.35
Dividend Per Share, 5 Yr. CAGR %	12.16	15.36	-	-	-