UNITED BREWERIES CO INC

TheChile Operating segment expanded top line by 6.0%, led by 5.0% higher volumes and 1.0% higher average prices. Non-alcoholic categories grew high-single digits, representing 68.9% of total volumes (67.8% in 3Q25), and alcohol categories (beer and spirits) posted a low-single-digit increase, accounting for 31.1% of total volumes (32.2% in 3Q25). During the quarter, we gained overall market share in alcoholic and no alcoholic categories, supported by brand equity, driven by brands such as Royal Guard and Heineken in beer, and Pepsi, Manantial and Mas in non-alcoholic. Flavored low-alcohol ready-to-drink products - led by brands such as Stones in beer and Mistral Ice and Kantal in spirits- continue in a strong momentum, with volumes growing double digits and representing 6.6% of total alcohol in the quarter. Average prices rose due to revenue growth management in all categories, partially offset by mix effects. Direct profit increased 5.6%, and Total expenses grew 2.5%, below inflation, improving 151 bps as a percentage of Net sales, originated by efficiencies, which more than offset higher oil prices and restructuring expenses. Altogether, EBITDA totalized CLP 73,009 million, a 16.3% increase, and EBITDA margin expanded 141 bps, reaching 15.9%.