Santiago, May 5, 2026 – Grupo Falabella reported its financial results for the first quarter of 2026, posting net income of US$253 million, representing a 22% increase compared to the same period last year, driven by the strong operating profitability of its businesses.

Consolidated revenues reached US$3.601 billion, up 7% year over year, while EBITDA totaled US$584 million (+15% YoY), with a margin of 16.2%, higher than the 15.1% recorded in the first quarter of 2025, reflecting consistent progress in operating profitability and strategy execution.

The group’s physical-digital ecosystem continued to grow in an integrated manner, leveraging synergies across its different businesses and a cross-cutting benefits program, enabling an enhanced customer experience and the continued delivery of consistent results.

In this regard, Grupo Falabella CEO Alejandro González stated: “These results reflect the resilience of our strategy and the execution capabilities of our teams. In a more challenging quarter for various sectors, we were able to stay focused, adapt, and make progress on our priorities, which allowed us to sustain performance and further strengthen our position as a company.”

Business Performance

In the digital banking business, Banco Falabella continued to show solid growth, gaining traction with its simple, digital value proposition complemented by benefits for its more than 8.5 million active customers. The loan portfolio reached US$8.3 billion (+18% YoY), with healthy risk levels. This performance was accompanied by 17% growth in purchases using proprietary payment methods, with more than 770,000 new accounts and cards during the quarter.

In retail, all three formats delivered positive performance, with combined revenue growth of 6% YoY. Tottus led with a 9% increase, driven by a strengthened value proposition focused on quality and affordable prices, an expanded assortment, and continuous improvements in store layout and experience. Falabella Retail grew 8%, supported by its “Latest First at Falabella” strategy and the strengthening of its specialist brand offering, bringing more than 60 new exclusive brands to the region. Meanwhile, Sodimac posted 2% YoY growth, continuing the integration of physical stores and digital capabilities, with a special focus on strengthening its professional customer (PRO) proposition, enabling it to capture new growth opportunities.

Mallplaza recorded over 95 million visits during the quarter (+3% YoY) and a 5.1% increase in Same Store Rent, demonstrating the business’s operational strength. It also advanced its expansion plan with the start of strategic projects at Mallplaza Trébol, Mallplaza Oeste, Mallplaza Trujillo, and Mallplaza Piura, alongside the strong performance of Mallplaza Premium Outlet Concepción in operation.

The omnichannel strategy continued to gain traction during the period, highlighted by GMV (gross merchandise value) from the digital channels of the three retailers, which grew 21% YoY on a consolidated basis. This was driven by a 40% increase in sales from sellers (third-party vendors), supported by significant improvements in delivery speed, assortment, and digital experience.

During the quarter, S&P Global Ratings upgraded the company’s credit rating to BBB- (investment grade) with a stable outlook, adding to the previous upgrade by Fitch Ratings, reflecting the continued strengthening of the company’s financial and operational metrics.

“We are prepared to navigate a geopolitical environment marked by higher levels of uncertainty and challenged consumption. We will continue executing our strategy with discipline, advancing an investment plan with a long-term vision and a focus on increasing operational and logistical flexibility, while maintaining strong financial discipline,” added Alejandro González.