Santiago, August 12, 2025.- Grupo Falabella reported earnings of US$596 million for the first half of 2025, representing a 221% increase compared to the same period last year. This follows a strong second quarter, in which profits reached US$390 million—3.2 times higher than the same period last year—and includes a net positive fair value effect of US$179 million, associated with the revaluation of investment properties. 

This solid performance is explained by the strong results across all five business units during Q2. Revenues reached US$3.405 billion, up 9% year-over-year. EBITDA reached US$506 million, 46% higher than Q2 of last year, resulting in an EBITDA margin of 14.9%.  

Alejandro González, CEO of Grupo Falabella, highlighted: “We closed a strong semester for the Group. We continue improving our margins and more than doubled our profits—this shows we’ve achieved remarkable consistency in executing our strategy, and once again, customers chose our products and experiences.” 

On the financial front, the group continued to strengthen its position. The net financial debt-to-EBITDA ratio dropped to 1.9x, reflecting disciplined management, strong expense control, improved cash generation, and a solid capital structure to face economic challenges. In line with this strategy, the group executed an early redemption of local bonds announced during the quarter, totaling US$170 million. 

Business Unit Performance 

During Q2, all five business units within the Falabella ecosystem showed improvements in both revenue and profitability. 

Banco Falabella in Chile, Peru, and Colombia posted significant improvements. For the first time since Q1 2023, all three countries recorded year-over-year growth in loan placements, accompanied by more efficient risk management, with notable improvements in Peru and Colombia. 

The group’s three retail businesses also showed steady progress, increasing their consolidated EBITDA margin from 5.5% to 6.9% year-over-year. 

Falabella Retail increased sales by 15%, driven by a stronger multi-specialist offering and sustained improvement in operational margins (7.8% EBITDA margin). Tottus grew revenues by 7%, raising its EBITDA margin by 40 basis points to 7.8%, thanks to greater operational efficiency and a more focused value proposition. 

Sodimac posted a 7% revenue increase during the period, with strong performance in e-commerce (up 24%) and an EBITDA margin of 5.5%. 

The group’s e-commerce channel grew 19% in the quarter, reflecting greater digital adoption by customers and a more integrated omnichannel offering. During the Cyber event in Chile, sales rose over 20%, with increased credit card and checking account openings, highlighting the deepening of the financial and commercial ecosystem. Additionally, the performance of sellers on the digital platform stood out, with a 36% increase in GMV, reinforcing their role in the value proposition. 

Mallplaza’s EBITDA grew 40% year-over-year, driven by contributions from Peru, a market that is solidifying its strategic role. In this context, the company announced a new business line, adding premium outlet formats to its value proposition. 

Grupo Falabella’s customer base reached 36 million people across the region, including over 21 million enrolled in its loyalty program.