CCU Reports Weaker 4Q25 Earnings as Argentina and Wine Weigh on Otherwise Solid Chile Performance

An update from Compania Cervecerias Unidas SA ( (CCU) ) is now available.

On February 24, 2026, CCU reported its consolidated results for the fourth quarter and full year 2025, showing modest volume growth but weaker financial performance versus 2024. For 4Q25, consolidated volumes rose 0.6%, net sales fell 11.8%, gross profit declined 15.2%, EBITDA dropped 17.2% to CLP 151,201 million and net income contracted 25.7% to CLP 55,096 million, with earnings per share at CLP 149.1.

For full-year 2025, excluding a non-recurring land sale gain booked in 2024, EBITDA declined 2.9% to CLP 376,208 million and net income fell 16.3% to CLP 117,152 million, despite total volumes growing 7.3% to 36.2 million hectoliters and flat reported net sales. Performance was robust in Chile, where EBITDA grew 7.8% and margins improved, but was offset by a 29.5% EBITDA contraction in the International Business segment and a 14.9% drop in Wine amid a particularly difficult environment in Argentina and softer wine markets.

Management highlighted that, excluding Argentina, consolidated EBITDA would have grown mid-single digit for 2025 and low-single digit in 4Q25, underscoring Argentina’s drag on group results. The Chile segment returned to volume growth after three years of contraction, driven by non-alcoholic categories and high-margin innovations, while CCU also advanced its 2025–2027 strategic plan by integrating PepsiCo’s beverage and snacks distribution in Paraguay, expanding its water and beer scale regionally, and progressing on sustainability and human capital milestones.

The most recent analyst rating on (CCU) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Compania Cervecerias Unidas SA stock, see the CCU Stock Forecast page.

Spark’s Take on CCU Stock

According to Spark, TipRanks’ AI Analyst, CCU is a Outperform.

Compania Cervecerias Unidas SA’s overall stock score is driven by its strong cash flow performance and positive technical indicators. While financial performance shows some challenges, particularly in revenue growth, the company’s cash flow strength and operational efficiencies provide a solid base. Technical analysis supports a bullish outlook, though caution is advised due to potential overbought conditions. Valuation and earnings call insights present a balanced view, with both opportunities and challenges.

To see Spark’s full report on CCU stock, click here.

More about Compania Cervecerias Unidas SA

Compañía Cervecerías Unidas S.A. (CCU), based in Santiago, Chile, is a diversified beverages group engaged in beer, soft drinks, water and wine, with a core focus on the Chilean market and operations across Argentina, Paraguay, Colombia and Bolivia. The company has been expanding its regional footprint and product portfolio, including low-alcohol and ready-to-drink offerings and water businesses, while emphasizing profitability, growth and sustainability initiatives.

Average Trading Volume: 184,798

Technical Sentiment Signal: Buy

Current Market Cap: $2.61B

See more insights into CCU stock on TipRanks’ Stock Analysis page.