Aenza S.A.A.

Consolidated revenue in third quarter 2023 was PEN 3.1 billion, down 1.4% versus third quarter 2022. Consolidated gross profit increased 36.1% year over year, operating income margin was 11.4%, net financial expenses fell 45.1%, and consolidated net income was PEN 33 million with a 1.1% net margin. Adjusted EBITDA increased 41.3% from PEN 413 million to PEN 583 million. Backlog totaled $2 billion, including $921 million from recurring business, and consolidated financial liabilities were $470 million. Forward-looking items included a 14-month execution period for the PEN 118 million Parque La Molina construction contract, approval of a PEN 22.5 million capital increase, extension of the bridge loan over 12 months, and a planned shareholder vote on the reorganization on December 13, 2023; no formal revenue or EBITDA guidance was given.

Andre Mastrobuono framed the quarter as a transformative period focused on resolving legal issues and repositioning the company for long-term growth and sustainability. He emphasized the court-approved settlement agreement, the new construction contract, the bridge-loan extension, the approved capital increase, and the corporate reorganization into two new holding companies plus Viva as the real estate vehicle. His tone was confident and strategic, with repeated references to becoming a leading infrastructure management platform in the region.

Cristian Restrepo said revenue reached PEN 3.1 billion, down 1.4% year over year, but gross profit rose 36.1% and adjusted EBITDA climbed 41.3% to PEN 583 million. He attributed the improvement mainly to higher profit in Cumbra Peru on the new Jorge Chávez airport terminal and in Morelco on the Santa Monica project, plus stronger Viva sales, partially offset by higher depreciation in UNNA Energía and weaker Norvial traffic and works. He also noted net financial expenses fell 45.1%, net income was PEN 33 million, and financial liabilities stood at $470 million, including $124 million from the bridge loan and $40.9 million related to the Norvial share sale structure.

There was no analyst Q&A; the operator said no questions were shown and the session ended immediately. As a result, no additional concerns or clarifications were raised on the call beyond management’s prepared remarks.