Interim report
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THIRD QUARTER 2026 CONSOLIDATED FINANCIAL STATEMENTS Earnings Report
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Lima - Peru, October 29, 2026. Alicorp S.A.A. (“the Company” or “Alicorp”) (BVL: ALICORC1 and ALICORI1) announced today its unaudited financial results corresponding to the third quarter 2026 (3Q26). Financial figures are reported on a consolidated basis and are in accordance with International Financial Reporting Standards (“IFRS”) in nominal Peruvian Soles, based on the following statements, which should be read in conjunction with the financial s tatements and notes to the financial statements published at the Peruvian Securities and Exchange Commission (Superintendencia del Mercado de Valores - SMV).
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INDEX 1. FINANCIAL INFORMATION 1.1 Income statement 1.2 Balance sheet 1.3 Cash flow statement 2. CONSOLIDATED FINANCIAL STATEMENTS 3. PERFORMANCE BY BUSINESS UNIT & REGIONS
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1. FINANCIAL INFORMATION
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1.1 INCOME STATEMENT CONSOLIDATED RESULTS In PEN million 3Q26 3Q25 YoY var. YTD26 YTD25 YoY var. Volume (thousands of MT) 714.6 647.5 10.4% 2,044.1 1,861.4 9.8% Revenue 3,435.5 3,008.2 14.2% 9,518.6 8,703.1 9.4% Adj. Gross profit 879.2 796.3 10.4% 2,492.2 2,303.8 8.2% Adj. Gross margin 25.6% 26.5% -0.9 p.p. 26.2% 26.5% -0.3 p.p. Adj. Gross profit per MT 1,230.3 1,229.8 0.0% 1,219.2 1,237.7 (1.5%) Adj. EBITDA 479.3 474.1 1.1% 1,414.5 1,346.7 5.0% Adj. EBITDA margin 14.0% 15.8% -1.8 p.p. 14.9% 15.5% -0.6 p.p. Revenue reached S/ 3,435.5 million in 3Q26, up 14.2% year over year, primarily driven by a 10.4% increase in sales volumes to 714.6 thousand metric tons. Volume growth across most business units reflected solid portfolio momentum and the contribution of recent acquisitions. The International Business led revenue growth, supported by Jabonería Wilson, Inka Crops and the consolidation of Unilever’s home care business in Colombia in August 2026. This growth was partially offset by softer revenue in Alicorp Sol uciones, as El Niño -related conditions continued to weigh on our Bakery platform. Excluding inorganic contributions, revenue increased 7.0% year over year, while sales volumes grew 5.6%. Adjusted gross profit totaled S/ 879.2 million, up 10.4% year over year, reflecting positive contributions from most business units. The International Business led gross profit growth, while Consumer Goods Peru also delivered an increase, supported by higher sales volumes and strong performance in prioritized brands, partially offset by margin pressures in detergents. Alicorp Soluciones partially offset these contributions due to lower volumes and margin pressure. Excluding inorganic contributions, gross profit increased 3.4% year over year. Adjusted EBITDA reached S / 479.3 million, up 1.1% year over year, with the International Business providing the main contribution, supported by recent acquisitions and a recovery in Bolivia’s sales volumes following the road blockades in the previous quarter. Adjusted EBITDA margin declined 1.8 percentage points, primarily reflecting cost pressures in specific categories. Items impacting comparability of operating results The Company identifies the impacts affecting the comparability of operating result s on management’s view of the business and how it makes financial, operational, and strategic decisions, as well as how it evaluates ongoing performance. These impacts may include asset impairments, restructuring-related charges, gains or losses from the sale of fixed assets, expenses associated with mergers and acquisitions, and extraordinary tax expenses. In PEN million 3Q26 3Q25 YoY var. YTD26 YTD25 YoY var. Reported EBITDA 461.1 456.1 1.1% 1,352.5 1,316,6 2.7% Impairment of assets 1.7 6.8 9.4 7.3 Restructuring expenses 3.4 9.7 13.7 13.3 M&A expenses 13.1 1.5 34.4 8.1 Loss (gain) on sale of fixed assets - - 4.6 1.4 Adjusted EBITDA 479.3 474.1 1.1% 1,414.5 1,346.7 5.0%
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RESULTS BY BUSINESS UNIT Consumer Goods Peru In PEN million 3Q26 3Q25 YoY var. YTD26 YTD25 YoY var. Volume (thousands of MT) 174.8 164.3 6.4% 511.1 469.9 8.8% Revenue 1,162.8 1,030.2 12.9% 3,268.8 2,935.1 11.4% Adj. Gross profit 410.0 397.7 3.1% 1,221.4 1,108.1 10.2% Adj. Gross margin 35.3% 38.6% -3.3 p.p. 37.4% 37.8% -0.4 p.p. Adj. Gross profit per MT 2,345.6 2,419.9 (3.1%) 2,389.8 2,358.4 1.3% Adj. EBITDA 209.0 210.5 (0.7%) 656.4 583.4 12.5% Adj. EBITDA margin 18.0% 20.4% -2.5 p.p. 20.1% 19.9% 0.2 p.p. Consumer Goods Peru delivered solid top -line growth, with revenue increasing 12.9% year over year, driven by a 6.4% expansion in sales volumes and strong performance in prioritized categories. Growth was broad -based across key categories, led by sauces (+22%) and detergents (+13%). Recent acquisitions also contributed S/ 42 million to revenue. This commercial performance supported market share gains across key brands. Adjusted EBITDA reached S/ 209.0 million, with an adjusted EBITDA margin of 18.0%, down 2.5 percentage points year over year, mainly reflecting temporary cost pressures in the detergents category. Alicorp Soluciones – B2B In PEN million 3Q26 3Q25 YoY var. YTD26 YTD25 YoY var. Volume (thousands of MT) 212.7 221.1 (3.8%) 616.7 615.2 0.2% Revenue 848.4 859.5 (1.3%) 2,396.1 2,412.0 (0.7%) Adj. Gross profit 169.9 188.3 (9.8%) 504.1 522.3 (3.5%) Adj. Gross margin 20.0% 21.9% -1.9 p.p. 21.0% 21.7% -0.6 p.p. Adj. Gross profit per MT 798.7 851.6 (6.2%) 817.4 848.9 (3.7%) Adj. EBITDA 98.2 124.8 (21.3%) 302.4 329.5 (8.2%) Adj. EBITDA margin 11.6% 14.5% -2.9 p.p. 12.6% 13.7% -1.0 p.p. Alicorp Soluciones recorded revenue of S/ 848.4 million, down 1.3% year over year, as higher temperatures associated with El Niño weighed on our Bakery platform. Despite these market conditions, our strategic priorities and value -added solutions continued to deliver encouraging results, with year-to-date sales volumes growing 13.2%, partially offsetting the impact on our Bakery platform. Adjusted EBITDA totaled S/ 98.2 million, primarily reflecting lower gross profit in our Bakery platform due to market contraction and margin pressure. The growing contribution of our strategic priorities supports our portfolio transformation, as we remain focused on scaling these initiatives and maintaining cost discipline to drive profitable growth.
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International Business In USD million 3Q26 3Q25 YoY var. YTD26 YTD25 YoY var. Volume (thousands of MT) 63.9 29.9 2.1x 146.8 97.6 50.4% Revenue 115.6 51.0 2.3x 272.4 148.2 1.8x Adj. Gross profit 39.8 13.6 2.9x 86.4 43.8 97.3% Adj. Gross margin 34.4% 26.6% 7.8 p.p. 31.7% 29.6% 2.2 p.p. Adj. Gross profit per MT 622.9 454.7 37.0% 588.9 448.8 31.2% Adj. EBITDA 14.4 3.6 4.0x 31.1 10.7 2.9x Adj. EBITDA margin 12.5% 7.0% 5.5 p.p. 11.4% 7.2% 4.2 p.p. The International Business delivered another strong quarter, with sales volumes more than doubling year over year to 64 thousand metric tons and revenue reaching USD 116 million. Growth was driven by recent acquisitions, with Jabonería Wilson, Inka Crops and the newly consolidated home care business in Colombia contributing USD 52 million during the quarter. In Ecuador, revenue grew 4.2-fold, while revenue in Bolivia increased 37% year over year, reflecting a recovery in sales volumes following the social unrest and road blockades experienced in the previous quarter. This strong commercial performance translated into improved profitability, with adjusted EBITDA increasing 4.0-fold year over year, alongside margin expansion. Vitapro – Aquafeed In USD million 3Q26 3Q25 YoY var. YTD26 YTD25 YoY var. Volume (thousands of MT) 263.3 232.3 13.4% 769.5 678.7 13.4% Revenue 305.1 265.1 15.1% 860.0 775.6 10.9% Adj. Gross profit 48.7 45.9 6.1% 138.9 141.4 (1.8%) Adj. Gross margin 16.0% 17.3% -1.3 p.p. 16.1% 18.2% -2.1 p.p. Adj. Gross profit per MT 184.8 197.5 (6.4%) 180.5 208.4 (13.4%) Adj. EBITDA 36.7 35.9 2.2% 105.5 113.3 (6.9%) Adj. EBITDA margin 12.0% 13.5% -1.5 p.p. 12.3% 14.6% -2.3 p.p. Vitapro delivered solid commercial performance, with revenue reaching USD 305 million, up 15.1% year over year, driven by sales volumes growth of 13.4%. In Ecuador, shrimp feed volumes grew 18%, in line with the growth in the country's shrimp exports. In Chile, fish feed volumes increased 9.0%, supported by close commercial and technical engagement with customers. Adjusted EBITDA totaled USD 37 million, with an adjusted EBITDA margin of 12.0%, compared to 13.5% in the same period last year. The margin decline primarily reflected changes in sales mix and higher raw material costs, driven in part by El Niño-related conditions.
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1.2 BALANCE SHEET In PEN million 3Q26 4Q25 Var. Cash and cash equivalents 1,5371 8522 80.4% Current assets 5,385 3,939 36.7% Total assets 13,178 10,669 23.5% Current debt3 1,055 455 S/ 600 Current liabilities 6,220 4,855 28.1% Non-current debt3 4,489 3,752 19.6% Total liabilities 11,657 9,280 25.6% Shareholders’ equity 1,520 1,389 9.5% Working capital4 (836) (916) (8.7%) Total financial net debt 4,007 3,356 19.4% Ratios Current ratio 0.87x 0.81x 0.05x Net debt / Adjusted EBITDA5 2.19x 1.85x 0.34x Leverage ratio6 7.67x 6.68x 0.99x ASSETS As of September 2026, total assets increased by S/ 2,509 million compared to December 2025. Current assets increased by S/ 1,445 million, while non-current assets increased by S/ 1,063 million. The increase in current assets was mainly attributable to: i ) a S/ 685 million increase in cash and cash equivalents, from S/ 852 million to S/ 1,537 million, mainly due to financing obtained by Alicorp Colombia; ii) a S/ 533 million increase in inventories, from S/ 1,508 million to S/ 2,040 million, due to higher stock of raw materials for Consumer Goods and Vitapro businesses; and iii) a S/ 136 million increase in trade account receivables, from S/ 1,125 million to S/ 1,261 million, related to higher sales. Non-current assets increased mainly due to higher balances of S/ 347 million in property, plant, and equipment; S/ 334 million in intangible assets; and S/ 321 million in goodwill, as a result of the acquisition of Inka Crops S.A. in March 2026 and Unilever’s home care business in Colombia in August 2026. LIABILITIES As of September 2026, total liabilities increased by S/ 2,377 million compared to year -end 2025, mainly explained by: i) higher financial debt of S/ 1,337 million, from S/ 4,207 million to S/ 5,544 million, due to the syndicated loan obtained by Alicorp Colombia to support its regional expansion strategy and manage corporate liquidity; the issuance of a corporate bond and the placement of promissory notes by Alicorp S.A.A.; as well as new import financing obtained by our subsidiaries in Ecuador for the Vitapro business; ii) a S/ 481 million increase in trade accounts payable, from S/ 3,826 million to S/ 4,307 million, due to higher raw materials purchases; and iii) a S/ 404 million increase in other accounts 1 Does not report tax certificates 2 Excludes tax certificates of S/ 0.3 million; total reported cash and cash equivalents remain unchanged 3 Principal only, not including interest 4 Working capital: current assets minus current liabilities 5 Net debt to adjusted EBITDA: total financial debt minus cash and cash equivalents, divided by last twelve months adjusted EBITDA 6 Leverage ratio: total liabilities divided by shareholders’ equity
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payable, from S/ 244 million to S/ 648 million, mainly explained by S/ 210 million 1 in dividends declared in September and payable in November, and the liability for the future purchase of the minority stake in Inka Crops S.A. for S/ 163 million (the offsetting entry for this liability is presented in equity, under the heading “Other capital reserves”). Current financial debt totaled S/ 1,055 million, S/ 600 million higher than in December 2025 as a result of the import financing. Additionally, non-current financial debt increased by S/ 737 million during the same period, from S/ 3,752 million to S/ 4,489 million. As of September 2026, non -current financial debt represented 81.0% of total financial debt, compared to 89.2% at the end of 2025. December 2025: Total debt S/ 4,207 millions2 September 2026: Total debt S/ 5,544 millions2 As of September 2026, after hedging operations, the currency breakdown of our financial debt was: i) 62.88% in Peruvian soles, ii) 21.24% in U.S. dollars, iii) 8.30% in Bolivianos, iv) 7.55% in Colombian pesos and v) 0.03% in other currencies. The portion of financial debt with foreign exchange exposure (unhedged financial liabilities in currencies other than the subsidiary’s functional currency) stood at 4.73%, up from 3.12% in December 2025. As of September 2026, the average duration of our total debt was 3.4 years, a decrease of 0.6 years compared to December 2025. Following hedging operations, only 18.95% of our liabilities are subject to floating interest rates, compared to 24.05% before hedging. 1 Gross amount of dividend is S/ 215 million; nevertheless, around S/ 5 million are paid to subsidiaries and therefore netted-out 2 Principal only; excludes interest
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EQUITY Shareholders' equity increased by S/ 131 million, from S/ 1,389 million at the end of 2025 to S/ 1,520 million as of September 2026. This variance was mainly attributable to net income for the period or S/ 551 million, partially offset by dividend distributions totaling S/ 420 million1. 1 Gross amount of dividend was S/ 430 million; nevertheless, around S/ 10 million are paid to subsidiaries and therefore netted out
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1.3 CASH FLOW STATEMENT OPERATING ACTIVITIES For the period ending September 30, 2026, cash flows from operating activities amounted to S/ 923 million, S/ 505 million lower than in the same period of 2025, but only S/ 232 million lower if adjusted for the excess cash of S/ 273 million (EUR 64 million) resulting from a foreign exchange transaction that was pending settlement as of September 2025. The decrease of S/ 232 million was mainly due to i) S/ 814 million in higher payments to suppliers of goods and services, in line with the increase in volume sold during the current year; and ii) higher payments to employees of S/ 47 million . These effects were partially offset by i) an increase of S/ 457 million in our collections from sales, and ii) a decrease of S/ 195 million in other operating payments due to lower disbursements associated with derivative transactions. INVESTING ACTIVITIES Net cash flows used in investing activities for the period ending September 30, 2026, amounted to S/ 911 million, S/ 243 million higher than the amount used in the same period of 2025. This increase was mainly explained by i) payments associated with the acquisitions of Inka Crops S.A. in March 2026 and Unilever’s home care business in Colombia in August 2026; and ii) S/ 74 million in higher disbursements related to derivative transactions. FINANCING ACTIVITIES For the period ending September 30, 2026, net cash flows from financing activities amounted to an inflow of S/ 696 million, compared to an outflow of S/ 1,149 million in the same period of 2025. This variation was primarily due to i) lower debt amortization of S/ 2,439 million, primarily because in 2025 the Company made bond installment payments of S/ 465 million, repurchased bonds for S/ 716 million, and repaid a syndicated loan for US$ 200 million; ii) lower share buybacks of S/ 48 9 million; and iii) lower interest payments of S/ 118 million. These effects were partially offset by lower debt proceeds of S/ 1,228 million, as in the second quarter of 2025 the Company issued a bond in the international market for S/ 1,530 million.
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LIQUIDITY AND SOLVENCY RATIOS During this quarter, we maintain the free cash flow generation, mainly driven by the Company’s operating performance. This allowed us to partially offset the impact of M&A activity and dividend payments during the year. As a result, our net debt-to-adjusted EBITDA ratio increased by 0.3 times in our net debt-to-adjusted EBITDA ratio, from 1.9x as of December 2025 to 2.2 times as of September 30, 2026. In addition, our liquidity position was supported by additional funding secured for our upcoming M&A transactions and the renewal and increase of our committed credit lines from US D 120 million to USD 230 million. Looking ahead, we will continue to prioritize active working capital management, coupled with strategic discipline across all our business units. This approach will allow us to sustain our cash generation, maintain healthy leverage levels, and ensure financial flexibility. In terms of leverage ratio, the total liabilities-to-equity ratio increased by 1.0 times from 6.7 times in December 2025 to 7.7 times in September 2026. This change was mainly explained by an increase of S/ 2,377 million in total liabilities, driven by additional borrowings, higher trade accounts payable due to raw material purchases, and the provision for dividend payment in November. On the equity side, the S/ 131 million increase was mainly explained by net income of S/ 551 million for the period partially offset by dividend distributions that reduced equity by S/ 420 million.
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2 CONSOLIDATED FINANCIAL STATEMENTS
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Consolidated statement of income (in thousand of Peruvian Soles) Note For the three months ended Sep-26 For the three months ended Sep-25 For the nine months ended Sep-26 For the nine months ended Sep-25 Revenue from ordinary activities 26 3,435,524 3,008,245 9,518,604 8,703,071 Cost of sales 26 (2,556,326) (2,211,904) (7,030,309) (6,399,283) Gross profit (loss) 879,198 796,341 2,488,295 2,303,788 Selling and distribution expenses 28 (258,228) (214,349) (700,444) (616,042) Administrative expenses 28 (248,282) (232,902) (730,122) (691,734) Other operating income 29 12,980 9,850 33,786 23,266 Other operating expenses 29 (15,515) (21,054) (36,463) (41,570) Other income (expenses) (18,818) 11,322 (21,228) 18,032 Operating profit (loss) 351,335 349,208 1,033,824 995,740 Financial income 30 15,132 31,926 39,045 75,397 Financial expenses 31 (117,981) (109,509) (318,036) (354,605) Exchange differences on translating foreign operations 32 (7,720) (19,922) (3,861) (20,720) Share in profits from associates 0 0 Profit (Loss) before income tax 240,766 251,703 750,972 695,812 Income tax expense 25 (56,351) (66,078) (194,857) (183,936) Profit (Loss) from continuing operations 184,415 185,625 556,115 511,876 Profit (Loss) from discontinued operations (4,169) 75 (4,621) 10,649 Profit (Loss) for the period (net value) 180,246 185,700 551,494 522,525 Basic (cents per share): Earnings per share capital in continuing operations 0.310 0.299 0.944 0.820 Earnings per share premium in continuing operations 0.310 0.299 0.944 0.820 Earnings per share capital in discontinued operations -0.007 0.000 -0.008 0.017 Earnings per share premium in discontinued operations -0.007 0.000 -0.008 0.017 Earnings per share 33 0.303 0.299 0.936 0.837 Earnings per share premium 33 0.303 0.299 0.936 0.837 Diluted (cents per share): Earnings per share capital in continuing operations 0.310 0.299 0.944 0.820 Earnings per share premium in continuing operations 0.310 0.299 0.944 0.820 Earnings per share capital in discounted operations -0.007 0.000 -0.008 0.017 Earnings per share premium in discounted operations -0.007 0.000 -0.008 0.017 Earnings per share capital 33 0.303 0.299 0.936 0.837 Earnings per share premium 33 0.303 0.299 0.936 0.837
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Consolidated statement of financial position (in thousands of Peruvian Soles) Note As of Sep-2026 As of Dec-2025 Note As of Sep-2026 As of Dec-2025 Current assets Current liabilities Cash and cash equivalents 6 1,536,633 851,806 Other financial liabilities 16 1,156,698 514,032 Other financial assets 7 70,394 7,866 Trade account payables 17 4,307,394 3,826,152 Trade account receivables 8 1,260,739 1,125,122 Accounts payable to related parties 41 21 Other account receivables 9 218,056 193,803 Other account payables 18 386,204 175,390 Advances to suppliers 9 164,030 146,315 Deferred income liabilities 5,280 829 Inventories 10 2,040,327 1,507,573 Provision for employee benefits 19 279,325 288,558 Current income tax - assets 25 38,623 26,939 Provisions 20 53,198 35,459 Other non-financial assets 11 55,734 34,204 Current income tax liabilities 25 32,257 14,714 Non-current assets available for sale 12 0 45,515 Total current liabilities 6,220,397 4,855,155 Total current assets 5,384,536 3,939,143 Non-current liabilities Non-current assets Other financial liabilities 16 4,504,792 3,753,535 Other financial assets 7 25,115 27,510 Other account payables 18 262,390 68,496 Investments 0 0 Provision for employee benefits 19 79,779 64,434 Other account receivables 9 327,383 291,615 Provisions 20 8,384 10,453 Property, plant and equipment 13 3,372,133 3,025,575 Deferred income tax liabilities 581,538 527,857 Intangible assets 14 1,816,412 1,481,937 Total non-current liabilities 5,436,883 4,424,775 Deferred income tax asset 193,340 165,101 Total liabilities 11,657,280 9,279,930 Current income tax assets, non-current 25 1,250 1,250 Shareholders' equity Goodwill 15 2,057,335 1,736,665 Share capital 21 569,573 569,573 Total non-current assets 7,792,968 6,729,653 Investment shares 21 7,388 7,388 Treasury shares 21 -16,467 -13,492 Reserves 21 -51,134 160,807 Retained earnings 719,747 578,062 Other shareholders' equity reserves 94,084 14,733 Equity attributable to owners of the Company 1,323,191 1,317,071 Non-controlling interests 197,033 71,795 Total shareholders' equity 1,520,224 1,388,866 Total assets 13,177,504 10,668,796 Total liabilities and shareholders' equity 13,177,504 10,668,796
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Consolidated statement of cash flow (direct method, in thousands of Peruvian Soles) Note For the nine months ended Sep-26 For the nine months ended Sep-25 CASH FLOW FROM OPERATING ACTIVITIES Collections from (due to): Sales of goods and services offered 9,367,130 8,910,319 Other operating collections 157,897 143,395 Payments to (due to): Suppliers of fgods and services (7,380,870) (6,566,695) Salaries (871,279) (824,711) Other operating payments (126,371) (321,773) Income taxes paid 25 (229,447) (278,433) Other cash collections (payments) 6,297 366,028 Net cash generated by operating activities 923,357 1,428,130 CASH FLOW FROM INVESTMENT ACTIVITIES Collections from (due to): Sale of properties, plant and equipment 47,747 3,405 Sale of interests in joint ventures, net of unappropriated cash 0 13,697 Interests and returns 27,969 58,743 Payments to (due to): Loans granted to third parties 0 (53,149) Purchase of subsidiaries, net of cash acquired 5 (718,279) (542,606) Purchase of properties, plant and equipment (156,933) (109,181) Purchase of intangible assets (37,659) (37,132) Income taxes paid 25 0 (1,865) Other cash paymetns (collections) (73,761) 42 Net cash used in investment activities (910,916) (668,046) CASH FLOWS FROM FINANCING ACTIVITIES Collections to (due to): Short- & long-term loans 2,370,574 3,598,803 Payments to (due to): Short- & long-term loans amortizations (1,115,183) (3,554,011) Leasing (64,081) (73,771) Share repurchases 21 (c) (35,058) (523,649) Interests paid (201,510) (319,612) Dividends paid 21 (e) (210,207) (218,753) Other cash financing payments (48,318) (57,837) Net cash generated by (used in) financing activities 696,217 (1,148,830) Increase (decrease) net cash flow, before exchange rate changes 708,658 (388,746) Effects of exchange rate changes on the balance of cash held in foreign currencies (23,831) (110,431) Net increase (decrease) in cash and cash equivalents 684,827 (499,177) Cash and cash equivalents at the beginning of the year 851,806 1,983,599 Cash and cash equivalents at the end of the period 1,536,633 1,484,422
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PERFORMANCE BY BUSINESS UNIT AND REGION
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Consolidated Consolidated 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 594 619 648 661 2,522 645 684 715 2,044 10.4% Revenue 2,833 2,862 3,008 3,061 11,764 2,929 3,154 3,436 9,519 14.2% Gross Profit 750 757 796 799 3,103 789 824 879 2,492 10.4% SG&A 426 434 447 485 1,793 452 472 507 1,431 13.2% EBITDA 428 432 456 153 1,469 433 459 461 1,352 1.1% Adj. EBITDA 435 437 474 442 1,788 460 476 479 1,414 1.1% Gross Margin 26.5% 26.5% 26.5% 26.1% 26.4% 26.9% 26.1% 25.6% 26.2% (0.9 p.p.) SG&A (% Revenue) 15.0% 15.2% 14.9% 15.9% 15.2% 15.4% 15.0% 14.7% 15.0% (0.1 p.p.) EBITDA Margin 15.1% 15.1% 15.2% 5.0% 12.5% 14.8% 14.5% 13.4% 14.2% (1.7 p.p.) Adj. EBITDA Margin 15.4% 15.3% 15.8% 14.4% 15.2% 15.7% 15.1% 14.0% 14.9% (1.8 p.p.) Consumer Goods Peru CG Peru 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 149 157 165 168 638 167 169 175 511 6.2% Revenue 946 962 1,032 1,078 4,018 1,038 1,068 1,163 3,269 12.7% Gross Profit 357 353 398 409 1,517 413 399 410 1,221 3.1% SG&A 202 221 230 222 875 213 235 240 688 4.4% EBITDA 194 174 203 207 778 233 202 208 642 2.4% Adj. EBITDA 198 175 210 232 816 242 205 209 656 (0.7%) Gross Margin 37.7% 36.7% 38.5% 37.9% 37.8% 39.8% 37.3% 35.3% 37.4% (3.3 p.p.) SG&A (% Revenue) 21.3% 23.0% 22.3% 20.6% 21.8% 20.6% 22.0% 20.7% 21.1% (1.6 p.p.) EBITDA Margin 20.5% 18.1% 19.7% 19.2% 19.4% 22.4% 18.9% 17.9% 19.7% (1.8 p.p.) Adj. EBITDA Margin 20.9% 18.2% 20.4% 21.6% 20.3% 23.3% 19.2% 18.0% 20.1% (2.4 p.p.)
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International Business (Bolivia + Ecuador + Other Geographies) CG International 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 33 34 30 41 138 40 43 64 147 2.1x Revenue 183 175 180 252 790 258 277 391 927 2.2x Gross Profit 50 61 48 64 223 67 93 135 294 2.8x SG&A 54 47 54 71 226 63 67 78 208 45.7% EBITDA 4 22 12 -199 -160 13 44 49 105 3.9x Adj. EBITDA 4 22 13 -1 37 13 45 49 106 3.9x Gross Margin 27.4% 34.9% 26.7% 25.4% 28.2% 25.9% 33.4% 34.4% 31.7% 7.7 p.p. SG&A (% Revenue) 29.6% 26.8% 29.8% 28.3% 28.6% 24.4% 24.0% 20.0% 22.4% (9.8 p.p.) EBITDA Margin 2.0% 12.7% 6.9% -78.8% -20.3% 4.9% 15.9% 12.4% 11.4% 5.5 p.p. Adj. EBITDA Margin 2.0% 12.7% 7.0% -0.5% 4.7% 4.9% 16.1% 12.5% 11.4% 5.5 p.p. Consumer Goods Bolivia CG Bolivia 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 23 23 22 20 88 19 19 28 66 31.2% Revenue 119 106 124 138 486 140 124 162 426 30.8% Gross Profit 28 36 27 28 119 30 47 73 151 2.7x SG&A 25 21 23 27 96 26 21 21 68 (7.9%) EBITDA 8 21 20 -194 -145 7 36 34 77 72.9% Adj. EBITDA 8 21 20 -1 48 7 36 34 77 73.2% Gross Margin 23.6% 34.1% 21.6% 20.4% 24.5% 21.8% 38.1% 44.9% 35.4% 23.3 p.p. SG&A (% Revenue) 20.8% 19.6% 18.5% 19.8% 19.7% 18.6% 16.8% 13.0% 16.0% (5.5 p.p.) EBITDA Margin 7.0% 19.6% 15.9% -140.6% -29.8% 4.8% 28.7% 21.0% 18.0% 5.1 p.p. Adj. EBITDA Margin 7.1% 19.6% 15.9% -0.7% 9.8% 4.9% 29.0% 21.1% 18.1% 5.2 p.p.
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Consumer Goods Ecuador CG Ecuador 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 6 4 2 14 26 15 15 14 44 6.4x Revenue 31 24 18 75 148 77 77 72 225 4.0x Gross Profit 11 9 8 24 52 26 26 19 71 2.5x SG&A 13 12 12 28 66 20 22 22 64 78.6% EBITDA -1 -2 -4 -1 -7 10 9 0 19 +4 Adj. EBITDA -1 -2 -4 3 -4 10 9 1 19 +5 Gross Margin 36.5% 36.9% 41.7% 32.8% 35.3% 33.7% 34.3% 26.0% 31.4% (15.7 p.p.) SG&A (% Revenue) 43.2% 49.8% 67.6% 37.6% 44.4% 26.5% 28.5% 30.3% 28.4% (37.3 p.p.) EBITDA Margin -2.6% -7.4% -21.3% -0.8% -4.8% 12.8% 11.2% 0.7% 8.4% 22.0 p.p. Adj. EBITDA Margin -2.6% -7.4% -20.9% 3.8% -2.4% 12.8% 11.4% 0.7% 8.5% 21.7 p.p. Consumer Goods Other Geographies CG Other Geographies 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 5 8 6 6 25 6 9 22 37 3.5x Revenue 33 45 38 40 156 41 77 157 275 4.1x Gross Profit 11 16 14 11 52 11 19 43 73 3.1x SG&A 16 14 19 16 65 17 24 35 76 90.5% EBITDA -4 3 -3 -4 -8 -4 0 14 10 +17 Adj. EBITDA -4 3 -3 -3 -7 -4 0 14 10 +17 Gross Margin 32.5% 35.4% 35.9% 28.8% 33.2% 25.6% 25.0% 27.4% 26.4% (8.5 p.p.) SG&A (% Revenue) 48.6% 31.3% 48.2% 40.3% 41.4% 40.0% 31.2% 22.5% 27.5% (25.7 p.p.) EBITDA Margin -11.9% 7.7% -8.9% -10.9% -5.2% -9.6% -0.3% 8.9% 3.6% 17.8 p.p. Adj. EBITDA Margin -12.0% 7.5% -8.7% -7.7% -4.4% -9.4% -0.1% 8.9% 3.6% 17.6 p.p.
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Alicorp Soluciones – B2B B2B 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 192 202 221 214 828 199 205 213 617 (3.7%) Revenue 771 778 858 828 3,235 752 795 848 2,396 (1.1%) Gross Profit 167 167 188 174 696 165 169 170 504 (9.8%) SG&A 101 92 94 103 390 97 95 101 293 7.6% EBITDA 95 105 120 95 416 99 97 97 293 (18.9%) Adj. EBITDA 99 106 125 101 431 103 101 98 302 (21.3%) Gross Margin 21.7% 21.4% 21.9% 21.0% 21.5% 22.0% 21.2% 20.0% 21.0% (1.9 p.p.) SG&A (% Revenue) 13.0% 11.8% 11.0% 12.5% 12.1% 12.9% 12.0% 11.9% 12.2% 1.0 p.p. EBITDA Margin 12.4% 13.5% 14.0% 11.5% 12.9% 13.1% 12.2% 11.5% 12.2% (2.5 p.p.) Adj. EBITDA Margin 12.8% 13.6% 14.5% 12.3% 13.3% 13.7% 12.8% 11.6% 12.6% (3.0 p.p.) Vitapro – Aquafeed Aquafeed 2025 2026 Q3 PEN MM Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YTD YoY Volume (kMT) 220 226 232 239 918 238 268 263 770 13.4% Revenue 933 946 938 903 3,721 881 1,013 1,033 2,927 10.1% Gross Profit 176 176 162 153 667 144 164 165 473 1.5% SG&A 67 58 65 87 277 62 63 70 195 7.0% EBITDA 137 147 122 101 508 110 124 123 357 0.3% Adj. EBITDA 138 147 127 102 515 110 125 124 359 (2.1%) Gross Margin 18.8% 18.6% 17.3% 16.9% 17.9% 16.4% 16.2% 16.0% 16.1% (1.3 p.p.) SG&A (% Revenue) 7.2% 6.1% 7.0% 9.6% 7.4% 7.1% 6.2% 6.8% 6.7% (0.2 p.p.) EBITDA Margin 14.7% 15.5% 13.1% 11.2% 13.7% 12.5% 12.3% 11.9% 12.2% (1.2 p.p.) Adj. EBITDA Margin 14.8% 15.5% 13.5% 11.3% 13.8% 12.5% 12.3% 12.0% 12.3% (1.5 p.p.)
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Contact information InvestorRelations@alicorp.com.pe Felipe Martins Stefani Managing Director of Financial Planning, Costs, Efficiencies & IRO FMartinsS@alicorp.com.pe Christian Piskulich Hurtado Corporate Financial Planning Manager CPiskulichH@alicorp.com.pe César Miranda Samamé Head of Investor Relations PMirandaS@alicorp.com.pe