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Empresas Copec Por las futuras generaciones Second Quarter 2026 Earnings Release August 13th , 2026 2Q26 Results Webcast Wednesday , August 19th , 2026 11:00 EST ( NY Time ) 11:00 Santiago Time Please register at investor.empresascopec.cl EBITDA 2Q26 / 2Q25 2Q26 / 1Q26 2026 / 2025 Highlights Net Debt / EBITDA EBITDA in 2Q26 was US $ 1,029 million ( US $ 1,037 million for Adjusted EBITDA ) , representing an increase of 44.3 % compared to 2Q25 , due to better performances in all sectors , and 19.7 % higher than 1Q26 , associated with increases in both the energy and forestry businesses . Net income increased by US $ 212 million , due to better results at Arauco , primarily due to higher other income associated with the sale of forestry assets in the south of Chile . Additionally , there was a better performance in the energy sector , explained by a favorable industrial margin at Copec , a positive inventory revaluation effect in fuels , a higher contribution from the lubricants segment and an increase in Terpel's result . Net income reached US $ 440 million , an increase compared to the previous quarter , explained by a higher result at Arauco , associated with the sale of forestry assets and a rise in operating income , driven by higher pulp and panel sales , and by a higher result in the mining sector , mainly due to higher copper prices and physical sales . This was partially offset by a lower result in the energy sector . Net income reached US $ 712 million , higher than that recorded in the previous year , reflecting an improvement in energy , explained by a higher industrial margin at Copec , a positive inventory revaluation effect in fuels , a better performance at Abastible , and a higher result at Arauco , associated with an increase in pulp and panel sales and the sale of forestry assets . Arauco reported 74.4 % progress at Sucuriú , 6.3 % ahead of schedule . In addition , a sale of forestry assets in Chile for US $ 217 million was completed , and Empresas Copec and Arauco agreed to enter into an Equity Support Agreement for up to US $ 450 million . Also , Arauco completed the sale of its 50 % stake in Puerto Coronel for US $ 65 million . The Justa Subterránea project continues to make progress in infrastructure and permitting . Finally , Empresas Copec successfully placed bonds for US $ 260 million in the local market . At the end of 2Q26 , leverage measured as Net Debt / Adjusted EBITDA reached 3.13x , compared to 2.54x in 2Q25 and 2.97x in 1Q26 . Measured over EBITDA , the ratio reached 3.33x , higher than the 2.91x and 3.26x reported in 2Q25 and 1Q26 , respectively , reflecting an increase in net financial debt in both periods . 2Q 26 1Q 26 2Q 25 2Q26 / 2Q25 2Q26 / 1Q26 Accum 26 Accum 25 Chg . 26/25 Revenues 9,246 7,851 7,181 28.8 % 17.8 % 17,097 14,589 17.2 % EBIT 556 501 376 47.9 % 10.9 % 1,058 809 30.8 % EBITDA * 1,029 860 713 44.3 % 19.7 % 1,889 1,489 26.9 % Adjusted EBITDA ** 1,037 880 797 30.1 % 17.9 % 1,917 1,588 20.7 % Total profit 467 307 245 90.5 % 52.1 % 774 474 63.2 % Profit attributable to controllers 440 272 228 92.6 % 61.8 % 712 437 63.0 % Profit attributable to minority 27 35 17 61.0 % ( 22.9 % ) 62 38 65.3 % EBITDA Margin Net Debt / EBITDA *** Net Debt / Adjusted EBITDA *** 11.1 % 10.9 % 9.9 % 12.1 % 1.7 % 11.0 % 10.2 % 3.33 3.26 2.91 14.4 % 2.2 % 3.33 2.91 3.13 2.97 2.54 23.5 % 5.5 % 3.13 2.54 8.3 % 14.4 % 23.5 % * EBITDA = Operating Income + Depreciation + Amortization + Fair value cost of timber harvested . Includes the effect of the forestry asset sale for MMUS $ 124 . ** Adj . EBITDA = Net Income + fin . costs - fin . income + tax + dep & amort + fair value cost of timber harvested - gain from changes in biological assets + exchange rate differences ( For details see exhibit in page 24 ) . *** Considers 50 % of Hybrid Bonds issued by Arauco , in accordance with Rating Agencies methodology Contact information : Cristián Palacios Olivia Tafra Director of Finance and Investor Relations Head of Finance & Investor Relations Figures in US $ million Vicente Ureta Belén Jungmann Senior Finance & Investor Relations Analyst Finance & Investor Relations Analyst +562 24617000 investor@empresascopec.cl 1