CHILE · WINE
Key Facts
- Power Index Chile ranks 3rd of 14 in The Rio Times Latin America Power Index, with 63.6 points (October 2026 edition).
- What is happening Viña Concha y Toro, a large Chilean winemaker, published third-quarter results on Monday, 2 November; an unconfirmed estimate puts its land at US$240 million to US$350 million.
- Why it matters The company says its land sits on the books at old purchase prices, below market value, a possible source of cash.
- The numbers Profit rose 2.6% to about US$21 million, sales fell 2.2% to about US$247 million, and operating cash earnings fell 12.0% to about US$37 million.
- Who is who Concha y Toro, founded in 1883, makes Casillero del Diablo and Don Melchor wines; Eduardo Guilisasti is its chief executive.
- What to watch Whether the company names parcels, buyers or prices for land sales, and whether its next quarterly report shows more property gains.
- What it means for you US wine drinkers see no change on shelves; US sales rose 2.4% in pesos, and the company says its US distributor switch is almost finished.
Viña Concha y Toro, a Chilean winemaker, posted higher third-quarter profit and lower sales on Monday, 2 November. Chilean business reports put its land at US$240 million to US$350 million.
Viña Concha y Toro, the Chilean winemaker behind Casillero del Diablo wines, published third-quarter results on Monday, 2 November. Profit rose 2.6% to CLP 20,731 million (about US$21 million) while sales fell 2.2%.
Chilean business reports put its real estate, mainly land, at US$240 million to US$350 million. The company’s own report says property bought years ago sits in its books at old cost, below market value.
What the Quarter Showed
Sales were CLP 245,612 million (about US$247 million), down 2.2%. Management blamed a stronger Chilean peso and a highly competitive United Kingdom market.
EBITDA, a measure of operating cash earnings, fell 12.0% to CLP 36,837 million (about US$37 million). Its margin slipped to 15.0% from 16.7% as marketing and restaurant spending did not fall with sales.
Profit still rose because the tax bill fell 34.5% to CLP 5,217 million (about US$5 million). Other income also included a CLP 3,107 million (about US$3 million) gain from selling real estate in Chile.
Where Sales Rose and Fell
Sales in Chile rose 1.0% to CLP 32,422 million (about US$33 million). In the United States they rose 2.4% to CLP 29,605 million (about US$30 million) as a change of distributors neared its end.
Wine volume fell 1.7% to 7.8 million nine-litre cases, and European sales fell 8.6% in pesos. Latin American sales rose 0.3%.
What the Land Is Worth
The company says land it bought years ago is booked at historic cost. It adds that prices have risen sharply in some areas, so book values sit below market values.
Chilean business reports attribute the US$240 million to US$350 million range to the company, which its filing does not state. In nine months of 2026 it booked CLP 3,514 million (about US$3.5 million) from real estate sales.
What It Means for You
US wine volume rose 2.6% in the quarter to 667,000 nine-litre cases, at an average of US$47.5 per case. The results give no sign of a price change for American shoppers.
The company is listed in Santiago, and land worth more than its book value is a possible source of cash. This is a news report, not investment advice.
Related reports include Concha y Toro Q2 profit and the Chile economy outlook. More is on the Chile hub, the natural resources guide and the Santiago page.
What Is Not Known
The US$240 million to US$350 million range comes from Chilean business reports. The company’s report gives no such figure.
It is not known which parcels would be sold, to whom or when. The same reports say management is evaluating acquisitions, mainly in wine, but the results report does not mention it.
What Comes Next
The next quarterly report will cover the year to 31 December 2026. The company sets no date for land sales or acquisitions, and the valuation does not mean a sale is planned.
Frequently Asked Questions
What did Concha y Toro say its land is worth?
Chilean business reports put its real estate at US$240 million to US$350 million, a figure its filing does not state. Its report says property sits on its books at old cost, below market value.
Did Concha y Toro make a profit in the third quarter?
Yes. Profit rose 2.6% to about US$21 million, helped by a lower tax bill and a real estate gain, while sales fell 2.2%.
Is Concha y Toro selling its land?
It has sold some real estate in Chile this year, with gains of about US$3.5 million in nine months. The company has not announced a plan to sell its land at the estimated value.
Will this change Concha y Toro wine prices in the US?
Nothing in the results points to a price change. The average US price rose 2.6% to US$47.5 per nine-litre case.
Sources: Viña Concha y Toro, management discussion of third-quarter 2026 financial statements (filed with Chile’s CMF financial regulator); Viña Concha y Toro, investor relations, financial information (all accessed 3 November 2026). Peso conversions use the observed dollar of Chile’s central bank, 992.66 pesos per US$ on 2 November.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief