C.A. Ron Santa Teresa S.A.C.A.

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What it is

The company is headquartered at the Santa Teresa Estate, founded in 1796 by the Count Martín Tovar Ponte, which today functions as an agro-industrial, tourism, and sports complex. It is the first producer of rum in Venezuela, with more than 200 years of tradition in crafting aged rums.

The company produces and distributes alcoholic beverages including the Araku coffee and rum liqueur, a rum-orange liqueur, and the Santa Teresa 1796, Santa Teresa Añejo, Santa Teresa Claro and Santa Teresa Selecto rums; it also owns Hacienda Santa Teresa, where around 45,000 tonnes of sugar cane are harvested per year, and leases space for events, weddings, and sports activities. The brand is present in more than 100 countries.

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Who owns it

Ron Santa Teresa is an independent Venezuelan family company with a tradition of more than 223 years, whose purpose is to be a tool of transformation and a source of inspiration through its products and the social initiatives it carries out from Municipio Revenga, Aragua state, where Hacienda Santa Teresa is located. The Vollmer family controls the company through Class A shares, which — per the company’s own statutes and confirmed in the 2026 SUNAVAL prospectus — exclusively hold the right to elect all members of the board; Class B shares, held by public investors on the BVC, carry voting rights in general assemblies but no board-appointment power.

At the November 2024 extraordinary shareholders’ meeting, more than 91.7% of the capital — comprising 528,828,260 Class A shares and 672,202 Class B shares — was present or represented. The overwhelmingly dominant Class A bloc signals that the free float in investable Class B shares remains very small.

Not published: the exact percentage of Class A shares held individually by each Vollmer family member is not disclosed in available BVC filings or the SUNAVAL prospectus; Venezuelan securities law (Decreto con Rango, Valor y Fuerza de Ley de Mercado de Valores) requires disclosure of shareholders holding 5% or more, but no such individual breakdown has appeared in documents reviewed.

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Who runs it

The company’s president is the Venezuelan businessman Alberto C. Vollmer, who belongs to the fifth generation of the family dedicated to rum production in Venezuela.

The board elected at the November 2023 extraordinary shareholders’ meeting includes Alberto Vollmer De Marcellus as both Chairman and Chief Executive, Jean Gabriel Zalzman as Vice-Chairman of the Board, alongside Fernando Echanove, Maurice Doyle, Derek B. Meilman, Manuel Francisco Pérez Dubuc, Jorge Antonio Viera, Henrique Vollmer De Marcellus, and Sofía Vollmer.

Marcos Rodríguez serves as Finance Director of Ron Santa Teresa. Alberto’s brother Henrique is part of the leadership team that has grown both the brand’s sales and its social role.

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The money, in plain words

The audited financial statements for the year ended 30 June 2025 were filed with the BVC on 11 November 2025, and those for FY2024 were filed on 27 December 2024. Both are accessible only to registered BVC users; the full income-statement figures — revenue, operating profit, net profit — could not be retrieved from the paywalled PDFs.

Not published: specific revenue, net profit, net margin, return on equity, and price-to-earnings for FY2024 and FY2025 are not accessible from the BVC filing page (bolsadecaracas.com) or from the SUNAVAL prospectus (Providencia N° 015, 6 March 2026) as retrieved; Venezuelan securities regulations (Normas Relativas a la Información Económica y Financiera, SUNAVAL) require audited annual statements to be filed and published, which the company has done, but the BVC restricts access behind a registration and payment wall.

The last publicly stated figures date from the 2019-2020 IPO roadshow: at the close of fiscal year 2019, the company reported a net profit of $5.6 million, up from $3 million in 2018; total revenue was approximately $26.1 million, split between $15.6 million from domestic Venezuelan sales, $7.3 million from international business, and $3.2 million from other sales. That same year, the company recorded a return on equity — the rate of profit earned for every bolívar of owners’ money invested — of 10%, and maintained sufficient liquidity to cover its debts.

These figures pre-date Venezuela’s hyperinflation adjustment regime and should be treated as indicative context only, not as current financials.

The board approved a $350,000 cash dividend for fiscal year 2025, equivalent to $0.00060 per share, paid in bolívares at the BCV exchange rate of 28 April 2026. On roughly 529.5 million total shares and a market value of ~$433.7 million, that is a dividend yield of about 0.07% — symbolic rather than income-generating, consistent with a capital-reinvestment strategy (our calculation).

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What it is doing now

In early 2026, the company launched a public offering of up to 10 million new Class B common shares, authorised by SUNAVAL in March 2026, with the first round settling on 22 April 2026 — the most active capital-raising programme in the company’s listed history. Proceeds are earmarked 50% for capital investment in infrastructure and modernisation, and 50% for working capital, per the SUNAVAL prospectus.

In July 2025, the Bolsa de Valores de Caracas also announced a commercial-paper issuance — short-term debt — by Ron Santa Teresa of Bs. 28 million, equivalent to approximately $246,000 at the then-prevailing BCV rate.

The paper received a risk rating of “A”, sub-categories “A2” and “A3”, from rating agencies Afín and Global Ratings respectively — a solid investment-grade mark in the Venezuelan context.

This is news, not investment advice.