May 2026. Construction and real estate company Echeverría Izquierdo reported profits attributable to the controlling shareholders of CLP 5.732 billion during the first quarter, representing an 11.9% increase compared to the same period in 2025.
The mining sector generated 65.4% of consolidated revenues and contributed 54.9% of consolidated net income. This followed a 9.9% year-over-year increase in operating income, driven by the strong performance of the projects in which the company is involved.
“The consolidated results for the first quarter of 2026 demonstrate improvements in operational efficiency, performance across key business segments, and cash generation. They also confirm the success of the business strategy we are implementing, allowing us to project a strong position within the industry in the coming years,” said Pablo Ivelic, CEO of Echeverría Izquierdo, in a statement.
During the first quarter, consolidated revenues increased 42.4% year-over-year to CLP 190.883 billion. In its financial report submitted to Chile’s Financial Market Commission (CMF), the company specified that there are joint ventures and associated companies whose revenues are not consolidated, including: Pares y Álvarez (29% ownership stake, total revenues of CLP 11.823 billion), Inmobiliaria Puerto Nuevo Antofagasta S.A. (33.3% ownership stake, total revenues of CLP 421 million), Inmobiliaria SJS S.A. (33.3% ownership stake, total revenues of CLP 384 million), and Inmobiliaria Sur Treinta SPA. (35% ownership stake, total revenues of CLP 107 million), among others.
The company also noted that certain projects are fully consolidated despite shared ownership participation, such as the EPC project with Pares & Álvarez at Muelle Centinela, or partnership agreements held equally with Excon in the Radomiro Tomic Division project for Codelco.
Segments
The company stated that, by the end of the first quarter, the Construction and Industrial Installations segment recorded revenues of CLP 101.053 billion, doubling the amount reported during the same period the previous year.
“This growth is explained by the intensive execution of major projects such as EPC Muelle Centinela, construction and assembly of the dry oxide and hydrometallurgical area, electromechanical construction and assembly, Phase IX waste dump expansion, and the PG3A Park project, which together account for 52.9% of the consolidated total,” the company said.
The company added that Specialized Industrial Services generated revenues of CLP 47.223 billion, representing a 6.7% decrease compared to the same period the previous year.
Meanwhile, Housing Solutions for Middle-Income Sectors recorded revenues of CLP 25.910 billion, representing a 61.8% increase compared to the first quarter of 2025. The company explained that this increase was mainly due to a high volume of property deed signings in projects developed by its Peruvian subsidiary, particularly the “All” project.
Commercial and Mixed-Use Building Construction, focused on large-scale building developments, generated revenues of CLP 16.697 billion, maintaining the same level reported during the first quarter of the previous year.
Participation
“If we compare revenues by economic sector with the same period last year, the largest percentage increases as of March 31, 2026, came from Mining projects, totaling CLP 124.835 billion, an 85.6% increase compared to March 31, 2025. This sector represented 65.4% of total revenues, highlighting operations in both Chile and Peru,” the company stated.
On the other hand, revenues in the Housing Solutions for Middle-Income Sectors and Residential Construction sectors increased by 61.8% and 169.6%, respectively, representing 16.1% of total revenues as of March 31.
As of March 31, 2026, the backlog for engineering, construction, and industrial services activities amounted to CLP 797.278 billion, representing an annual increase of CLP 37.317 billion.
