Santiago, August 11, 2026. Grupo Falabella reported net income of US$242 million during the second quarter, driven by the positive performance of all its businesses, exceeding the results of the same period last year (US$213 million) by 14%. This marked the best operational second quarter in the Group’s history and demonstrated the resilience of its ecosystem in a context of weak consumer demand. Including the accounting impact of asset revaluation (fair value), the Company’s net income totaled US$330 million.
Consolidated revenues reached US$3.781 billion, up 10% year over year, while EBITDA totaled US$549 million, 7% higher than in the second quarter of 2025, with an EBITDA margin of 14.5%.
Growth was broad-based and reflected the strength of the ecosystem, with all businesses improving performance through integrated capabilities, channels, and benefits. The bank reported a 26% increase in consolidated revenues, shopping centers grew 9%, and the three retail businesses also delivered solid progress with an 8% year-over-year increase. In digital operations, the Group’s GMV grew 19%, driven by a 34% increase in seller sales and improvements in assortment, delivery speed, and customer experience.
CEO Alejandro González stated that, “In a more challenging consumer environment, these results reflect the resilience of our strategy. Our retail, digital banking, and shopping center businesses allow us to accompany people throughout different moments of their lives, providing solutions and experiences that address everyday needs, projects, financial services, gathering spaces, and entertainment. This is the strength of our ecosystem, built on the synergies each business generates to enhance the Group.”
Performance by Business
Banco Falabella’s loan portfolio grew 18% to US$8.7 billion while maintaining controlled risk levels. During the quarter, more than 810,000 accounts and credit cards were opened, and purchase volumes through its payment methods increased 17% to US$7.9 billion.
Falabella Retail increased revenues by 10%, driven by 21% growth in the online channel and 3% growth in physical stores. The company continued strengthening its multi-specialist value proposition, supported by private and exclusive brands and enhanced omnichannel capabilities.
Tottus increased revenues by 11%, supported by a value proposition focused on quality and affordable prices, a broader assortment, and improvements to the in-store experience. Consolidated EBITDA grew 6% year over year and its online channel expanded 34%, supported by strong app and website performance as well as growth in food and non-food categories.
Sodimac recorded revenue growth of 4% (+10% including Mexico and Colombia) and continued strengthening its offering for professional customers while advancing its omnichannel strategy. Online GMV rose 13% and reached a 19% penetration rate.
Mallplaza increased EBITDA by 10% and welcomed more than 95 million visits during the quarter. It also advanced its investment and transformation plan, with more than half of the program committed to projects under construction in Chile and Peru. In line with its growth strategy, the company agreed to acquire eight Gran Plaza shopping centers in Colombia for US$376 million.
About Grupo Falabella
With 38 million customers and 136 years of history, Grupo Falabella is Latin America’s leading physical-digital ecosystem through its digital banking, retail, and shopping center operations. The company operates in seven countries and employs more than 90,000 people. Through Banco Falabella, Falabella Retail, Sodimac, Tottus, Mallplaza, and the IKEA franchise, the Group pursues its purpose of making life simpler and more enjoyable.
