The company’s EBITDA margin grew by 2.7pp during the year, reaching 14.6%.
This expansion in operating profitability resulted from the successful implementation of the strategy, in a still challenging external environment, highlighting stronger traction of the Group’s value proposition.
Santiago, February 24, 2026. – Grupo Falabella reported its 2025 financial results, announcing an annual profit of US$ 1.485 billion, driven by solid operating profitability across all its businesses. This figure includes the effect of fair value; excluding it, earnings reached US$ 897 million, a historic level and 1.9 times higher than the previous year’s results.
As a result of the stronger traction of the Group’s value proposition and the operational improvements implemented throughout the year, the company reached a record EBITDA of US$ 2.144 billion (+34% YoY). The EBITDA margin was 14.6%, a significant increase over the 11.9% recorded in 2024. Consolidated revenues totaled US$ 14.679 billion (+9.5% YoY), supported by strong performance from retailers, sustained growth in the online channel, and a positive contribution from the financial business.
In the fourth quarter, the Company reported a profit of US$ 695 million (+186% YoY) and an EBITDA of US$ 647 million (+18% YoY). The EBITDA margin reached 15.1%, higher than the 14.1% recorded in the fourth quarter of 2024. Revenues totaled US$ 4.284 billion (+10% YoY).
Regarding the results, Grupo Falabella’s CEO, Alejandro González, stated:
“The 2025 results reflect a significant improvement in profitability, built on the consistent execution of our growth strategy. These figures show the sustained work we have carried out in recent years to strengthen our customer experience, improve operational efficiency, and grow profitably. Consequently, they are not the result of short-term factors or an especially favorable external environment.”
Performance of the Group’s Businesses in Q4 2025
Banco Falabella significantly expanded its loan portfolio (+18% YoY), growing in all countries under a controlled risk environment. Its digital banking offering and the greater integration of the ecosystem allowed for more personalized services and strengthened the CMR Points loyalty program, reinforcing brand positioning across the region.
Mallplaza, the Group’s shopping center unit, reached 106 million visits and strengthened its regional leadership, achieving an EBITDA margin of 81.2%, driven by a focus on customer experiences and the ongoing transformation of its urban centers.
Regarding the Group’s retailers, Falabella Retail increased its revenues by 13%, highlighting improvements in inventory management, the growth of the digital channel, and optimized delivery times. Sodimac strengthened its commercial offering in Peru through the conversion of Maestro stores into Sodimac locations, expanding its assortment and achieving sales growth of nearly 30% in converted stores. Tottus grew 12% in revenues, increased its EBITDA margin to 9%, and continued to boost its food category through the relaunch of its private label brands, strengthening both its commercial proposition and profitability.
The Group’s e-commerce business maintained strong momentum, with robust online growth across all retailers and continued expansion of third-party sellers (3P). GMV increased 38%, consolidating the omnichannel strategy and the complementarity between digital and physical experiences.
Looking ahead, González added that the company will “continue focusing on deepening the growth strategy, strengthening the value proposition, maintaining efficient financial management, and advancing operational improvements to keep generating sustainable results.”
Quarterly Highlights
During the period, the company prepaid two local bonds totaling US$ 255 million, and Fitch Ratings upgraded Grupo Falabella’s international credit rating to BBB- with a stable outlook, allowing it to regain investment grade with that agency. Meanwhile, S&P Global Ratings improved its outlook from “Stable” to “Positive.” These milestones occurred amid solid profitability, strong cash generation, and reduced leverage, with the net financial debt-to-EBITDA ratio falling to 1.3x.
Additionally, in January, the company completed the acquisition of the minority stake held by Organización Corona in their joint ventures in Colombia — 35% of Falabella Retail, 31% of Banco Falabella, 35% of Seguros Falabella, and 35% of ABC de Servicios S.A.S — in a US$ 159 million transaction.
