- In the fourth quarter, the Company recorded a significant increase in Net Income, rising 342.8% compared to the same period of the previous year.
- Adjusted EBITDA margin also expanded, reaching 10.0% in the last quarter of the year, an improvement of 28 basis points versus the same period in 2024.
- Full-year revenues reached CLP 16,595 billion (USD 17,445 million), representing a 0.6% increase year-over-year, as growth in 5 of the 6 countries of operation was offset by the hyperinflation adjustment in Argentina.
SANTIAGO, Chile–(BUSINESS WIRE)–Cencosud closed 2025 with solid financial performance, highlighting an increase in accumulated Net Income, while continuing to advance consistently in the consolidation of its Retail Ecosystem and its profitable growth strategy across Latin America and the United States.
During fiscal year 2025, the Company recorded a 70.4% increase in accumulated Net Income, reaching CLP 398,119 million (USD 419 million). Full-year revenues amounted to CLP 16,595 billion (USD 17,445 million), representing a 0.6% increase compared to the previous year, as growth in 5 of the 6 countries of operation was offset by the hyperinflation adjustment in Argentina. Excluding this effect, consolidated revenues increased 5.2%, totaling CLP 16,900 billion (USD 17,766 million).
Accumulated Adjusted EBITDA decreased 5.8% compared to the previous year, mainly due to the impact of the hyperinflation adjustment in Argentina. Excluding this effect, accumulated Adjusted EBITDA reached CLP 1,509 billion (USD 1,587 million), representing a 3.0% decrease year-over-year.
“At Cencosud, we continue to advance in the execution of our strategic plan, focused on strengthening profitable growth and consolidating an increasingly integrated and efficient Retail Ecosystem, always placing our customers and employees at the center of our decisions,” said Rodrigo Larraín, CEO of Cencosud.
Fourth Quarter 2025 Results
In the fourth quarter, Cencosud recorded revenue growth in 5 of the 6 countries where it operates and, at a consolidated level, margin expansion approaching double-digit levels, with a significant increase in Distributable Net Income, which more than doubled compared to the same period of the previous year.
This performance was supported by disciplined execution, driven by operational efficiencies, more competitive value propositions across formats, the strengthening of Private Label brands, and the expansion of Retail Media business capabilities.
Quarterly Net Income reached CLP 159,935 million (USD 171 million), representing an increase of 342.8% compared to the fourth quarter of 2024, driven by improved operating performance and a positive foreign-exchange effect versus the same period of the prior year. Excluding the impact of the hyperinflation adjustment in Argentina, Net Income reached CLP 204,902 million (USD 219 million), representing an increase of 148.3% year-over-year.
Consolidated quarterly revenues decreased 8.1% compared to the prior year, mainly due to the impact of the hyperinflation adjustment in Argentina. Excluding this effect, consolidated revenues increased 1.2% year-over-year, driven by improvements across most countries and revenue growth in Argentina above local inflation.
Consolidated Adjusted EBITDA for the quarter declined 6.5% compared to the fourth quarter of 2024, mainly due to the impact of the hyperinflation adjustment in Argentina and the depreciation of foreign-currency translation into Chilean pesos. Adjusted EBITDA margin expanded to 9.8%. Excluding this effect, Adjusted EBITDA increased 4.2% year-over-year, reaching CLP 454,137 million (USD 486 million), with an Adjusted EBITDA margin of 10.0%. The quarter was marked by revenue growth in Argentina above inflation, solid performance in Chile and Peru, and significant increases in revenues and Adjusted EBITDA in Colombia.
“Looking ahead, we see positive economic signals in the countries where we operate, and we will remain focused on executing our strategy with discipline, enhancing asset profitability, and deepening the development of our ecosystem. We are confident that this approach will allow us to accelerate profitable growth and continue delivering sustainable value to our customers and shareholders,” Larraín concluded.
During the fourth quarter, store openings and reopenings were noteworthy. In the United States, The Fresh Market added two new stores, located in Kentucky and Illinois. In Chile, Rincón Jumbo spaces were reopened at Cenco Alto Las Condes and Cenco Costanera, incorporating a renewed gastronomic offering for customers. In addition, a new Santa Isabel supermarket opened in La Florida, along with an Easy store in Villarrica. In Peru, a new Metro store began operations, while in Argentina, a Vea Express store opened in Mendoza and an Easy store in Tucumán. Finally, in Colombia, Jumbo El Vergel opened in the city of Ibagué.
About Cencosud
Cencosud, whose purpose is to serve extraordinarily at every moment, is one of the largest and most prestigious retailers in the Americas. It operates in six countries, with more than 117,000 employees, 1,397 retail stores, and over 3.5 million square meters of sales area. Its multi-format strategy includes Supermarkets, Home Improvement, Department Stores, Shopping Centers, and Financial Services. In addition, it drives innovative business lines such as Cencosud Media and Private Label brands, integrating technology to enhance the customer experience.
Contacts
José Tomás Martínez
[email protected]
+56989057972
