Earnings release
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P R E S S R E L E A S E 3 Q2 5
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P R E S S R E L E A S E 3 Q2 5 Index CHAPTER 01 Highlights CHAPTER 02 CEO’s Comments CHAPTER 03 3Q25 Results CHAPTER 04 9M25 Results CHAPTER 05 Income Statement CHAPTER 06 Statement of Financial Position as of September 30, 2025
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P R E S S R E L E A S E 3 Q2 5 Press Release (*) Viña Concha y Toro (*) The consolidated figures used in the following analysis are denominated in Chilean pesos in adherence to the reporting standards established by the Financial Markets Commission of Chile. As a result of rounding, the numbers presented throughout this document may not add up precisely to the totals provided, and percentages may not exactly reflect the absolute figures. Investor Presentation Wednesday, November 5, 11:00 a.m. Contact: Daniela Lama Head of Investor Relations daniela.lama@conchaytoro.cl conchaytoro-ir@conchaytoro.cl About Viña Concha y Toro Founded in 1883, Viña Concha y Toro is the leading Latin American winemaker and one of the world’s largest wine companies. With over 12,000 hectares of vineyards spread across Chile, Argentina, and the United States, the Company's wine portfolio boasts ico nic brands such as Don Melchor, Almaviva (a 50%–50% joint venture with Baron Philippe de Rothschild), its flagship brand Casillero del Diablo, Trivento from Argentina, and Bonterra brands from California. Forward-Looking Statements This press release may contain some forward- looking statements about the Company's financial condition, results of operations, and business, as well as specific plans and objectives related to these matters. Forward - looking statements are declarations of t he intentions, beliefs, or expectations of Viña Concha y Toro and its administration regarding the Company's future results. Forward - looking statements inherently carry risk and uncertainty as they pertain to future events and circumstances.
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P R E S S R E L E A S E 3 Q2 5 CHAPTER 01 Highlights M: Million
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P R E S S R E L E A S E 3 Q2 5 CHAPTER 02 CEO’s Comments Viña Concha y Toro concluded the third quarter with a notable rise in sales and an expanding share of its higher-value portfolio. This performance highlights our ability to anticipate market trends and the strength of a team that, with vision and resilienc e, continues to adapt successfully to a global environment. Wine sales increased by 10.1% in value (8.1% overall) and by 4.4% in volume, mainly driven by the strong growth of premium and superior brands, aligning with our premiumization strategy. In this context, the Principal category grew by 11.5%, while Invest rose by 10.5%, confirming consumers' preference for our higher-prestige brands. During this period, premiumization remained a key strategic focus. The Principal and Invest portfolios, representing our top premium and high -end brands, accounted for 57.1% of wine sales (53.9% of total sales), surpassing the 56.6% recorded in the same quarter of the previous year. Among the brands, Don Melchor , recently named the best wine in the world by the prestigious international publication Wine Spectator, stands out with outstanding performance as our flagship wine. Its sales doubled in the third quarter (+119.4%) and have increased by 159.4% so far this year. This achievement is not only a source of pride for Viña Concha y Toro and its commitment to excellence but also a significant milestone for the Chilean wine industry. Similarly, positive momentum is evident in our key international markets, driven by the effectiveness of our network of twelve proprietary distribution offices. In this context, sales increased by 7.7% in the United Kingdom , 14.3% in the United States , 28.1% in Brazil , and 11.6% in Mexico , demonstrating the success of our international growth strategy and the reliability of our brands. The ongoing focus on profitability continues to produce strong results, with EBITDA margin rising by 190 basis points to 16.4%. This represents eight consecutive quarters of revenue increase , highlighting the strength of Viña Concha y Toro's business model. The results confirm the effectiveness of our strategy, which relies on powerful brands, operational efficiency, and a wide-reaching global distribution network.
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P R E S S R E L E A S E 3 Q2 5 CHAPTER 03 3Q25 Results Consolidated Sales Sales (Million of CLP$) 3Q25 3Q24 Var (%) 9M25 9M24 Var (%) Export Markets (1) 175,620 158,349 10.9% 484,073 457,699 5.8% Chile 32,113 31,325 2.5% 80,451 77,711 3.5% US 28,910 25,290 14.3% 99,085 95,619 3.6% Wine 236,644 214,964 10.1% 663,609 631,030 5.2% Beer and Spirits (2) 9,415 10,384 (9.3%) 29,521 28,703 2.8% Other non-liquids (3) 4,966 6,852 (27.5%) 11,703 15,985 (26.8%) Total Sales 251,024 232,200 8.1% 704,833 675,718 4.3% Volume (Thousands of 9LC) 3Q25 3Q24 Var (%) 9M25 9M24 Var (%) Export Markets (1) 5,533 5,201 6.4% 15,184 14,777 2.8% Chile 1,732 1,770 (2.1%) 4,479 4,591 (2.5%) US 650 611 6.5% 2,290 2,393 (4.3%) Wine 7,915 7,581 4.4% 21,953 21,762 0.9% Beer and Spirits (2) 543 646 (16.0%) 1,725 1,788 (3.5%) Total Volume 8,458 8,228 2.8% 23,677 23,550 0.5% Average Price (per 9LC) 3Q25 3Q24 Var (%) 9M25 9M24 Var (%) Export Markets US$ 33.1 32.7 1.0% 33.4 33.0 1.0% Chile Wine CLP$ 18,536 17,698 4.7% 17,963 16,925 6.1% US US$ 46.3 44.5 4.1% 45.3 42.5 6.5% (1) Includes exports to third parties from Chile, Argentina, and US, and sales in Argentina. Excludes exports from Chile and Argentina to the US, which are included in US. (2) “Beer & Spirits” were previously reported under the name Non-Wine sales. The split of this line is intended to separate non-liquid sales (now belonging to “Others”) from beverages different than wine (now belonging to “Beer & Spirits”). (3) “Other non-liquids” includes changes in accounting criteria, with no effect on results.
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P R E S S R E L E A S E 3 Q2 5 Sales Share in Value – Only wine 3Q25 Evolution by Quarter: (Figures in millions of CLP$) Sales Operating Profit (EBIT) (*) CLP$30,121 million includes CLP$589 million of write-offs. Europe 45.1% Latin America 19.6% US & Canada 15.3% Chile 13.6% Asia 5.3% Africa & ME 1.1% UK 29.8% Chile 13.6% US 12.2% Brazil 9.2% Mexico 5.4% Others 29.7% 206,170 237,348 232,200 282,912 208,978 244,831 251,024 1Q 2Q 3Q 4Q 2024 2025 21,511 33,241 25,654 39,311 21,479 28,161 30,121 1Q 2Q 3Q 4Q 2024 2025 Sales by Geographic Zone Sales by Market
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P R E S S R E L E A S E 3 Q2 5 1. Consolidated Sales During this period, we reached our eighth consecutive quarter of sales growth by value, a notable accomplishment given the tough global environment impacting the wine industry. Despite this challenging background, the company has succeeded in differentiating itself from the overall industry trend, driving sales growth by focusing on its key markets and making strategic decisions in recent years, which, in turn, have strengthened our premium portfolio and boosted our global presence. The Wine segment, accounting for over 94% of total sales, experienced a 4.4% increase in volume and a 10.1% rise in value. This performance underscores our capacity to anticipate market trends and affirms the resilience of our business model alongside the effectiveness of our premiumization strategy. Consolidated sales rose by 8.1% in value year-over-year, reaching CLP$251,024 million, driven by a 2.8% increase in consolidated volume and a 5.2% rise in the average price, due to a more premium mix and a favorable exchange rate effect. At the market level, a broad rebound was seen in our main markets, with significant gains in the United Kingdom (+7.7%), the U.S. (+14.3%), Brazil (+28.1%), and Mexico (+11.6%). This trend demonstrates the company's ability to adapt to local conditions and continue to pursue growth opportunities, even in complex environments. The Principal and Invest categories (premium and high-end brands) made up 53.9% of total sales, a 150 basis-point increase year-over-year, driven by 11.5% growth in the Principal category and 10.5% in the Invest category. Notable performances include Don Melchor (+119.4%), Casillero del Diablo (+11.9%), Diablo (+19.5%), and Trivento Reserve (+10.4%) from our Argentine subsidiary, reaffirming the strength of the company's premium portfolio. The quarter experienced a steady increase in the average price, supported by a more premium product mix, with gains of +4.7% in Chile (CLP$), +4.1% in the U.S. (US$), and +1.0% in Export Markets (US$). 1.1. Export Markets The company's sales in Export Markets grew by 10.9%, reaching CLP$175,620 million, due to an increase in volumes (+6.4%) and the average price/mix in Chilean pesos (+4.3%). In Europe, revenue increased by 10.9%, as a result of the 7.7% growth in the United Kingdom, driven by the rise of brands such as Casillero del Diablo (+6.9%), Trivento Reserve (+11.9%), and Isla Negra (+7.1%), as well as a 14.1% increase in the Nordic countries.
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P R E S S R E L E A S E 3 Q2 5 In Asia, sales declined by 24.1% in value, mainly due to lower sales in Japan, which fell 38.2% due to inventory adjustments, and South Korea, which fell 44.4%. Conversely, China saw a 2.1% rise, where Casillero del Diablo displayed a good performance. In Latin America, sales increased by 17.4%, led by Brazil (+28.1%) and Mexico (+11.6%). In Brazil, the Principal and Invest categories grew by 31.9%, with Casillero del Diablo and Don Melchor as the top brands. Regarding the exchange rate impact, in Q3 2025, the Chilean peso depreciated by 5.3% against our billing currency basket. Among the main currencies, the Chilean peso depreciated against the euro (10.0%), the British pound (7.0%), the Mexican peso 5.0%), th e Brazilian real (4.7%), and the U.S. dollar (3.1%)1. 1.2. Chile Wine sales increased by 2.5% in value to CLP$32,113 million in the Chilean domestic market, driven by an improved premium segment, which led to a 4.7% increase in average price. The value increase was predominantly observed in the Priority Brands Principal and Invest categories, which grew by 10.0%. Our key brands, such as Don Melchor, Diablo, and Casillero del Diablo Belight, are all experiencing double-digit growth. In wine volumes, we saw a 2.1% decline, mainly due to the Exportación Selecto brand (a non- premium brand), which accounted for most of this decrease, in a segment known for fierce price competition and where the sales base for the same period last year was high. The Beer and Spirits category declined by 16.0% in volume and 9.3% in value, mainly due to the performance of imported beers. Our own beer brands continue to grow, as does Pisco Mal Paso. 1.3. United States (US) Sales in the US domestic market include those of Bonterra Organix Estates (formerly Fetzer Wineyards) and the imported portfolio from Chile and Argentina, which is currently marketed by Bonterra Organix Estates. In the US, revenue grew by 14.3%, reaching CLP$28,910 million. This is due to a 6.5% increase in volumes, a rise in average price/mix in dollars (+4.1%), and a favorable exchange rate effect. The sales growth in the Invest category is noteworthy, particularly for Don Melchor, 1000 Stories, and Bonterra. This aligns with the established strategy for this market, 1 Based on the actual exchange rates applied for Viña Concha y Toro.
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P R E S S R E L E A S E 3 Q2 5 complemented by the introduction of new products like Bonterra Ranch Wine, which cater to contemporary consumption trends. Although there is a wide selection of wines available in this market, it is mainly the most prestigious brands that are experiencing growth. Therefore, the company's strategy centered on premium offerings is crucial, as these brands offer the most significant potential for future growth and continued profitability. 2. Cost of Sales The cost of sales reached CLP$152,886 million, a 7.1% increase from the 3Q24 figure, driven by higher contributions from premium and high-end sales, increased wine costs, higher dry input costs, excise taxes in the United Kingdom, and rising import costs in Brazil. Additionally, new costs in 2025 include the environmental tax in the United Kingdom, amounting to CLP$3,192 million, and tariffs in the U.S., totaling CLP$580 million. The total cost includes CLP$206 million for wine degradations in 3Q25, which will be presented separately in the Income Statement for clarity, as they are extraordinary costs that do not generate cash flow. In 3Q24, these charges amounted to CLP$382 million. The cost of sales over sales ratio is 60.9%, 60 basis points lower than the 61.5% observed in Q3 2024, reflecting efficiencies in these lines despite increased costs from tariff issues and new taxes this year. 3. Gross Margin The gross profit for the period reached CLP$98,138 million, a 9.8% increase from the 3Q24 profit of CLP$89,387 million. The gross margin was 39.1%, 60 basis points higher than the same period in 2024, driven by increased sales and cost-line efficiencies. Excluding wine write -offs, the adjusted gross margin for 3Q25 would have reached 39.2% and is comparable to the adjusted gross margin of 38.7% in 3Q24 (+50 basis points). 4. Selling, General, and Administrative (SG&A) Expenses Selling and administrative expenses (distribution costs plus administrative expenses) reached CLP$66,764 million during the period, marking a 5.4% increase compared to CLP$63,318 million in 3Q24. The rise in GAV is mainly due to higher sales and logistics costs, as well as exchange rate effects. The GAV-to-sales ratio stood at 26.6%, 70 basis points lower than in 3Q24.
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P R E S S R E L E A S E 3 Q2 5 5. Other Revenue and Expenses Other revenue was CLP$207 million in 3Q25, a 26.2% year-over-year decrease from CLP$280 million in 3Q24. The decline is due to extraordinary income in 3Q24, generated on a one -time basis, from fixed asset sales of CLP$60 million and insurance claims of CLP$31 million. Other expenses reached CLP$1,460 million this quarter, up 109.8% from the same period last year, when they totaled CLP$696 million. This includes a CLP$384 million write-off, which will be separated in the Income Statement for clearer presentation, mainly related to extraordinary and one- time expenses that do not generate cash flow, associated to vineyard pruning across the three producing countries . Although this expense is incurred now, it is expected to improve future efficiency in yields. 6. Operating Profit (EBIT) Earnings from operating activities reached CLP$30,121 million, a 17.4% increase from the same quarter in 2024, when they were CLP$25,654 million. The operating margin was 12.0% for the quarter, up 100 basis points. Excluding the aforementioned write-offs, the Operating Result would have been CLP$30,711 million, reflecting a 17.8% increase from CLP$26,063 million in 3Q24 without write-offs. Consequently, the adjusted EBIT margin increased 100 basis points to 12.2%. 7. EBITDA EBITDA (earnings before interest, taxes, depreciation, and amortization, including impairments that do not generate cash flow) was CLP$41,057 million in 3Q25, a 22.1% increase compared to 3Q24, which totaled CLP$33,625 million. The EBITDA margin increased by 190 basis points to 16.4%. 8. Non-operating Income In Q3 2025, the company reported a non -operational loss of CLP$1,747 million, a 24.7% increase from the CLP$1,401 million loss in Q3 2024. This is mainly due to a lower exchange rate differential, which in Q3 2025 totaled CLP$79 million, a 91.6% decrease from CLP$935 million in Q3 2024. Financial income was CLP$842 million in 3Q25, up 49.6% from the CLP$563 million recorded in 3Q24. This increase is mainly due to higher short-term investment placements. Financial expenses decreased by 5.0% year over year to CLP$5,468 million, primarily due to lower average debt and lower interest rates.
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P R E S S R E L E A S E 3 Q2 5 The result from the participation of associated companies and joint ventures was a CLP$2,683 million profit in 3Q25, a 2.9% increase over the profit obtained in 3Q24, which reached CLP$2,608 million. The affiliate Almaviva strategically decided, just like the previous year, to retain part of its harvest. 9. Corporate Income Tax The corporate income tax expense for the period was CLP$7,968 million, up 28.3% from CLP$6,211 million in 3Q24, mainly due to the effective tax rate being 250 basis points higher than in 3Q24 and also because of the increased profit. 10. Earnings and Earnings per Share Profit attributable to the Company’s controlling shareholders was CLP$20,206 million, a 13.2% increase from CLP$17,857 million reported in 3Q24. The net margin was 8.0%, up 30 basis points. Based on the 739,010,000 shares outstanding 2 as of September 30, 2025, Viña Concha y Toro's earnings per share reached CLP$27.3, a 13.2% increase from the CLP$24.2 per share recorded in the same quarter of the previous year, driven by higher net profit. 2 Outstanding subscribed shares correspond to the total number of the Company’s shares, excluding those that were acquired in accordance with the share repurchase program.
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P R E S S R E L E A S E 3 Q2 5 CHAPTER 04 9M25 Results 1. Consolidated Sales In the first nine months of 2025, consolidated sales rose by 4.3% to CLP$704,833 million, driven by a 0.5% increase in volumes and a 3.7% rise in the average price in Chilean pesos. This performance has mainly been supported by growth in sales of premium and higher -end brands which hel ped improve the average price/mix, anticipate market trends, leverage our own distribution network, and the strong human team, as previously mentioned. The Wine segment experienced a 0.9% volume growth and a 5.2% value growth, driven by improvements in the premium mix resulting from our premiumization strategy. The Principal and Invest categories (focusing on premium and higher -end brands) accounted for 53.8% of the company's total sales, a 200 -basis-point increase from the previous year, driven by growth in the Principal (+7.0%) and Invest (+10.6%) categories. Notable performers include Don Melchor (+159.4%), Casillero del Diablo (+5.8%), Diablo (+17.5%), Trivento Reserve (+3.5%), and Bonterra (+4.5%), which together represent nearly 45% of wine sales. For 9M25, we highlight increases in average price/mix in the U.S. (+6.5% in USD), Chile Wine (+6.1% in CLP$), and Export Markets (+1.0% in USD). 1.1. Export Markets The company’s Export Market sales increased by 5.8%, reaching CLP$484,073 million. The average price/mix rose by 2.9% in Chilean pesos, together with a 2.8% rise in volumes during the period. In Europe, revenue rose by 6.5%, driven by 3.3% growth in the United Kingdom and 12.7% in Nordic countries. Especially in the UK, a tax hike on alcohol products took effect in February, leading to increased competition in lower -priced segments and impacting the performance of our Isla Negra brand. However, thanks to an improved sales mix, this impact was offset by growth in the premium and higher categories. In Asia, sales decreased by 13.6% in value, driven by lower sales in Japan, which fell 28.0% due to inventory adjustments, and in South Korea, which fell 12.7%. Conversely, China saw sales increase by 5.1% thanks to the Casillero del Diablo brand. In Latin America, sales grew by 7.0% in value, with volumes up by 8.7%. This is mainly explained by the higher volume in Brazil (+10.9%) and Mexico (+3.7%), despite the currency devaluation observed during the first months of the year.
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P R E S S R E L E A S E 3 Q2 5 Regarding the exchange rate impact, the Chilean peso depreciated by 1.9% in the first nine months of 2025 against our basket of billing currencies. Among the main currencies, while the Chilean peso depreciated against the euro (5.6%), the British pound (5. 0%), and the US dollar (1.8%), it appreciated against the Mexican peso (7.6%) and the Brazilian real (4.9%)3. 1.2. Chile In the Chilean domestic market, wine sales increased by 3.5% in value, reaching CLP$80,451 million, reflecting a commercial strategy focused on profitability and strengthening the premium portfolio. The 11.3% increase in the Principal and Invest categories boosted the average price by 6.1%, more than offsetting the 2.5% drop in volume, which was driven by non-priority brands in the mass segment. We want to highlight the double-digit growth of Don Melchor, Casillero del Diablo, and Diablo, along with new releases like Concha y Toro The Wine, Marques de Casa Concha Gold and Blue, and Los Mentirosos. The Beers and Spirits category grew by 2.8% in value, largely thanks to the performance of our own brands of Beers and Piscos. On the other hand, the beer segment in which the Miller brand competes remains challenging and highly competitive. 1.3. United States (US) In the U.S., total sales reached CLP$99,085 million, a 3.6% increase from 9M24, when sales amounted to CLP$95,619 million. The average price/mix in dollars increased by 6.5%, driven by the growth in the Invest category. At the brand level, the sales value increases for Don Melchor, Bonterra, and Diablo stand out and align with the company's strategy for that market. Conversely, the most significant declines are concentrated in non-priority brands within the mass segment. 2. Cost of Sales The cost of sales reached CLP$429,445 million, a 4.0% increase compared to the 9M24 figure, driven in part by the increased importance of premium and high -end sales, higher wine costs, rising dry goods costs, excise duties in the United Kingdom, as well as higher import costs in Brazil. Additionally, there is a new environmental tax in the United Kingdom totaling CLP$5,223 million, and customs duties paid in the U.S. amounting to CLP$1,718 million. 3 En base a los tipos de cambio efectivos para Viña Concha y Toro.
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P R E S S R E L E A S E 3 Q2 5 This amount includes CLP$1,525 million for wine degradations, which will be itemized as wine write- off in the Income Statement for clarity, as they represent extraordinary costs that do not generate cash flow. The cost of sales over sales ratio reached 60.9%, which is 20 basis points lower than in the first nine months of 2024, reflecting efficiencies gained that offset the aforementioned cost increases. 3. Gross Margin Total gross profit reached CLP$275,387 million, a 4.9% increase from 9M24. The gross margin hit 39.1% (+20 basis points), even after including the wine write-off mentioned earlier. Excluding these impairments, the adjusted gross margin would have been 39.3%, a 30 -basis-point increase compared to the same period last year. 4. Selling, General, and Administrative (SG&A) Expenses Selling and administrative expenses (distribution costs plus administrative expenses) totaled CLP$191,652 million during the period, a 5.1% increase from the CLP$182,326 million recorded in 9M24. The rise in GAV is mainly due to higher selling and logistic s costs, as well as exchange rate effects. The GAV-to-sales ratio rose to 27.2%, up 20 basis points. 5. Other Revenue and Expenses Other revenue and expenses recorded a net expense of CLP$3,974 million in 9M25, compared to a net income of CLP$114 million in 9M24. The increase is due to in 2024 there was income from the sale of land and disposable assets, insurance claim settlements, and adjustments to supplier balances. Additionally, there were higher investment tax expenses in Argentina, as well as indemnities, among other items. Net expense includes write-off of CLP$1,919 million in 9M25 and CLP$101 million in 9M24, which will be presented separately in the income statement for clarity, as they represent extraordinary, one - time expenses that do not generate cash flow. As of 9M25, these expenses mainly relate t o the sale of a land parcel in Chile for less than its book value and to vineyard pruning across the three producing countries. Both types of expenses are incurred today but are expected to improve future efficiency in terms of yields per hectare. As of 9M24, these expenses pertain only to vine pruning in the three producing countries.
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P R E S S R E L E A S E 3 Q2 5 6. Operating Profit (EBIT) Operating activity earnings reached CLP$79.761 million, a 0.8% decrease from the profit obtained in the first nine months of 2024, which was CLP$80,406 million. The operating margin stood at 11.3% for the cumulative period (-60 basis points). If we exclude the write-offs, the Operating Result would have been CLP$83,205 million, a 1.9% increase over the figure for the first nine months of 202,4, excluding impairments, which totaled CLP$81,654 million. Therefore, the adjusted EBIT margin was 11.8% (-30 basis points). 7. EBITDA EBITDA (operating income plus depreciation and amortization, including impairments that do not generate cash flow) was CLP$108,325 million as of 9M25, up 4.0% from 9M24. The EBITDA margin remained at 15.4%, unchanged year over year. 8. Non-operating Income The company recorded a non-operational loss of CLP$9,271 million in the 9M25 period, 12.7% lower than the CLP$10,622 million loss in 9M24. This is mainly due to lower net financial expenses during the period. Financial income was CLP$3,231 million in 9M25, a 30.0% increase compared to the CLP$2,486 million recorded in 9M24. This rise is mainly due to higher short-term investment placements. Financial expenses dropped by 9.1% year -to-date to CLP$16,050 million, mainly due to reduced average debt and lower interest rates. As of September 30, 2025, net interest -free financial debt totaled CLP$372,678 million, a 0.2% increase from the figure on September 30, 2024. The result in the participation of associated companies and joint ventures was CLP$2,671 million as of 9M25, compared to CLP$2,698 million obtained as of 9M24. The gain from exchange rate differences was CLP$429 million, 72.0% lower than the figure for the same period in 2024, which reached CLP$1,534 million. 9. Corporate Income Tax The income tax expense during the period was CLP$17,100 million, 0.3% higher than the CLP$17,042 million reported in 9M24, with similar effective tax rates for the period.
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P R E S S R E L E A S E 3 Q2 5 10. Earnings and Earnings per Share The profit attributable to the owners of the parent company was CLP$52,990 million, a 1.2% increase from CLP$52,348 million reported in 9M24. The net margin was 7.5%, down 20 basis points. Based on the 739,010,000 shares outstanding 4 as of September 30, 2025, Viña Concha y Toro's earnings per share reached CLP$71.7, up 1.2% from the CLP$70.8 per share recorded in the same period last year, mainly due to higher net profit. 4 Outstanding subscribed shares correspond to the total number of the Company’s shares, excluding those that were acquired in accordance with the share repurchase program.
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P R E S S R E L E A S E 3 Q2 5 CHAPTER 05 Income Statement (Thousands of CLP$) 3Q25 3Q24 Var (%) 9M25 9M24 Var (%) Revenue 251,023,696 232,200,142 8.1% 704,832,511 675,717,587 4.3% Cost of Sales (152,679,903) (142,430,895) 7.2% (427,920,359) (411,952,416) 3.9% Wine write-offs (205,731) (382,483) (46.2%) (1,524,734) (1,147,449) 32.9% Gross profit 98,138,062 89,386,764 9.8% 275,387,418 262,617,723 4.9% Gross margin 39.1% 38.5% 60 bp 39.1% 38.9% 20 bp Other income 206,880 280,305 (26.2%) 983,225 2,371,120 (58.5%) Distribution costs (54,226,961) (50,554,936) 7.3% (153,759,204) (144,253,137) 6.6% Administrative expenses (12,536,873) (12,762,629) (1.8%) (37,892,722) (38,072,613) (0.5%) Other expenses, by function (1,076,177) (669,108) 60.8% (3,038,531) (2,156,264) 40.9% Write-offs (383,645) (26,627) 1340.8% (1,918,697) (100,546) 1808.3% Profit (loss) from operating activities 30,121,285 25,653,769 17.4% 79,761,489 80,406,283 (0.8%) Operating margin 12.0% 11.0% 100 bp 11.3% 11.9% (60 bp) Financial income 841,659 562,596 49.6% 3,231,203 2,486,496 30.0% Financial expenses (5,468,322) (5,755,930) (5.0%) (16,050,335) (17,654,360) (9.1%) Share of profit (loss) of associates and JV using equity method 2,683,189 2,607,683 2.9% 2,670,626 2,697,686 (1.0%) Exchange differences 78,608 934,752 (91.6%) 428,982 1,534,249 (72.0%) Adjustment units 117,584 249,680 (52.9%) 448,385 313,981 42.8% Non-operating profit (loss) (1,747,280) (1,401,219) 24.7% (9,271,139) (10,621,949) (12.7%) Profit (loss) before tax 28,374,004 24,252,550 17.0% 70,490,350 69,784,334 1.0% Income tax expense (7,968,190) (6,210,768) 28.3% (17,099,502) (17,041,972) 0.3% Profit (loss) 20,405,815 18,041,782 13.1% 53,390,848 52,742,362 1.2% Profit (loss) attributable to non- controlling interests 200,270 184,563 8.5% 400,670 394,140 1.7% Profit (loss) attributable to the owners of the parent company 20,205,545 17,857,220 13.2% 52,990,178 52,348,223 1.2% Net margin 8.0% 7.7% 30 bp 7.5% 7.7% (20 bp) Earnings per share * 27.3 24.2 13.2% 71.7 70.8 1.2% Depreciation expenses 9,458,419 6,875,624 37.6% 22,636,352 20,205,037 12.0% Amortization expenses 888,112 686,355 29.4% 2,483,432 2,299,334 8.0% EBITDA ** 41,057,192 33,624,859 22.1% 108,324,704 104,158,648 4.0% EBITDA Margin ** 16.4% 14.5% 190 bp 15.4% 15.4% 0 bp * Number of shares subscribed in 3Q25 and 3Q24 are 739,010,000. ** EBITDA = Profit (loss) from operating activities + Depreciation & Amortization expenses + Write -offs
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P R E S S R E L E A S E 3 Q2 5 CHAPTER 06 Statement of Financial Position5 (Thousands of CLP$) Sep. 30, 2025 Dic. 31, 2024 Var (%) Assets Cash and cash equivalents 44,080,863 45,500,034 (3.1%) Inventories 472,670,014 436,592,246 8.3% Trade and other current receivables 272,939,473 289,699,400 (5.8%) Current biological assets 21,551,262 34,592,448 (37.7%) Other current assets 43,780,490 43,191,614 1.4% Current assets 855,022,102 849,575,742 0.6% Property, plant and equipment 542,390,003 528,080,857 2.7% Investments accounted for using equity method 39,429,959 38,123,086 3.4% Other noncurrent assets 315,104,612 302,989,385 4.0% Noncurrent assets 896,924,574 869,193,328 3.2% Total Assets 1,751,946,676 1,718,769,070 1.9% Liabilities Other current financial liabilities 224,517,145 205,652,904 9.2% Other current liabilities 292,387,450 299,889,233 (2.5%) Current liabilities 516,904,595 505,542,137 2.2% Other noncurrent financial liabilities 279,717,174 287,740,320 (2.8%) Other noncurrent liabilities 97,003,418 100,594,305 (3.6%) Noncurrent liabilities 376,720,592 388,334,625 (3.0%) Total Liabilities 893,625,187 893,876,762 (0.0%) Equity Issued capital 74,030,880 74,030,880 0.0% Retained earnings 779,437,760 745,080,747 4.6% Treasury stock 0 0 Other reserves (2,075,581) (1,439,681) 44.2% Equity attributable to owners of parent 851,393,059 817,671,946 4.1% Non-controlling interests 6,928,430 7,220,362 (4.0%) Total Equity 858,321,489 824,892,308 4.1% Total Equity and Liabilities 1,751,946,676 1,718,769,070 1.9% 5 To facilitate analysis, some accounts have been grouped.
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P R E S S R E L E A S E 3 Q2 5 Statement of financial position as of September 30, 2025 1. Assets As of September 30, 2025, Viña Concha y Toro's assets totaled CLP$ 1,751,947 million, which represents a 1.9% increase compared to the amount reported on December 31, 2024. 2. Liabilities As of September 30, 2025, net financial debt, including related derivatives, amounted to CLP$372,678 million, which is 4.8% higher than the figure reported on December 31, 2024. The NFD- to-EBITDA ratio was 2.4x. Net Financial Debt with related derivatives is calculated as follows: Debt Principal including Financial Debt Derivatives - Cash and cash equivalents. Note 19 of the Financial Statements.