Q2 2026 Auna SA Earnings Call Transcript

Aug 19, 2026 / 12:00 PM GMT

Release Date Price: €4 (-9.50%)

Transcript

Key Points

Positve

Consolidated revenue grew 9% year-over-year, driven by volume growth and a better mix of high-complexity services across all markets.
Mexico showed strong sequential recovery, with surgeries up 7% and oncology treatments up 20% versus Q1 2026.
Peru's Oncosalud revenue increased 11%, supported by a 6% membership growth and a new B2B plan covering 7,000 employees.
Colombia's adjusted EBITDA improved 18% sequentially, with capacity utilization rising to 79.2% and risk-sharing contracts now covering over 3 million lives.
Free cash flow surged 181% year-over-year, and cash position grew 43% since year-end 2025, reflecting strong working capital management.
Leverage improved to 3.6 times net debt to EBITDA, with expectations to move closer to the 3 times target by year-end.
The company reaffirmed its full-year 2026 revenue guidance of approximately 12% FX-neutral growth.

Negative

Consolidated adjusted EBITDA declined 9% on an FX-neutral basis, impacted by margin pressures in Mexico and Colombia and billing penalties in Peru.
Mexico's adjusted EBITDA fell 16% year-over-year due to continued investments in medical and leadership talent, plus the impact of Easter holidays and a new VAT on insurance.
Peru's adjusted EBITDA was flat, affected by accepted penalties related to prior-year billing reconciliations and higher B2B onboarding costs.
Colombia's adjusted EBITDA decreased 12% year-over-year, reflecting higher costs from greater complexity, minimum wage increases, and the growing mix of risk-sharing agreements.
Adjusted net income was impacted by a $61 million decrease in FX gains due to resetting FX hedges at the end of 2025.
The company expects adjusted EBITDA growth to be at the low end of its 10%-14% guidance range, excluding the impact of Peru's billing penalties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AUNA.N - Auna SA
Q2 2026 Auna SA Earnings Call
Aug 19, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to ONA's second quarter 2026 earnings conference call. My name is Rob, and I will be your operator for today's call. At this time, all participants are in listen-only mode, and please note that this call is being recorded. There will be an opportunity for you to ask questions at the end of today's presentation. Now, I would like to turn the call over to Ana Maria Mora, Head of Investor Relations. Ma'am, please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Hello, everyone, and welcome to Auna's conference call to review our second quarter results.

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