Interim report
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Press Release – Third Quarter 2025 | 1 Press Release Third Quarter 2025 Webcast & Earnings Conference Call Information Date November 7, 2025 Time Chile: 11:00 AM EST: 9:00 AM GMT: 2:00 PM Join Here
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Press Release – Third Quarter 2025 | 2 Executive Summary (1) In 3Q25, Cencosud delivered sustained growth despite a challenging retail environment, posting sales increases above inflation and expanding EBITDA margin in four of the six countries where it operates. The Company continued to strengthen its operations , advancing the execution of its strategy, focused on enhancing its integrated ecosystem and driving productivity to increase long- term profitability . At the same time, Cencosud continued reinforcing the value proposition of each format, accelerating the growth of its Private Label and Retail Media businesses, and elevat ing the customer experience while advancing its organic expansion plans. Consolidated r evenues for the quarter grew 5.1% YoY. Excluding the effect of hyperinflation in Argentina, revenues increased 6.1% compared to 3Q24. In Chile, sales performance improved across all business units, driven mainly by online growth in Supermarkets and higher sales in the Department Stores. In Argentina, sales grew above inflation, even excluding Makro stores acquired earlier this year, supported primarily by Jumbo’s strong performance and the continued strengthening of Private Label . In the United States , revenues expanded 5.1%, reflecting double-digit online sales growth (+15.4% YoY) and the contribution from new stores opened over the past twelve months . In Brazil, the Company continued executing its performance -improvement plan, delivering sequential Same Store Sales (SSS) improvement versus previous quarters and opening a new Prezunic store in Rio de Janeiro. Peru revenues grew 2.1%, mainly driven by online sales growth of 27.8% and the expansion of B2B sales through Metro Almacén. In Colombia, all business units posted sales growth compared to 3Q24, supported by the ongoing development of the value proposition across formats . Consolidated Adjusted EBITDA declined 21.3% compared to 3Q24, mainly reflecting accounting effects related to Argentina’s hyperinflation adjustments (a 15.6% decrease when excluding this effect) and extraordinary expenses associated with the execution of the productivity plan (a one -off of approximately CLP 45 billion at the consolidated level) . Adjusted EBITDA , excluding the extraordinary effect from the productivity plan and the hyperinflation adjustment in Argentina, decreased 2.4% YoY. Adjusted EBITDA presented double-digit growth in Brazil, and single -digit growth in Peru and the United States, driven by cost -control initiatives and the continued development of the value proposition across the region. Meanwhile, Adjusted EBITDA declined in Chile and Argentina, mainly reflecting higher expenses associated with the implementation of the productivity plan. Colombia posted a positive Adjusted EBITDA compared to a negative result in the same quarter last year. (1) Key figures on the right include the effect of the hyperinflation accounting standard in Argentina (NIC 29). 3,962 CLP Bn +5.1% YoY Revenues 8.7 CLP Bn Net Income 267 CLP Bn -21.3% YoY Adjusted EBITDA 6.7% -226 bps YoY Adjusted EBITDA Margin 333 CLP Bn -2.4% YoY Adjusted EBITDA 8.2% -72 bps YoY Adjusted EBITDA Margin Excl. One-off Productivity plan and hyperinflation adjustment As Reported
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Press Release – Third Quarter 2025 | 3 Reported Net Income for the quarter totaled CLP 8,694 million (CLP 47,315 million excluding hyperinflation adjustment), representing a 90% decrease compared to 3Q24 . This result was mainly explained by extraordinary expenses related to the productivity plan, higher financial costs due to the hyperinflation adjustment , and the negative impact of foreign exchange variation. As a result of these factors, Distributable Net Income for the quarter was negative; however, year-to-date Distributable Net Income amounts to CLP 1 36,536 million, representing an increase of 41.4% compared to the same period last year.
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Press Release – Third Quarter 2025 | 4 Message from CEO, Rodrigo Larraín At Cencosud, we began 2025 with the launch of a new strategic plan that marks a n integrated transformation and represents a decisive investment in our future. Our ambition is to evolve into a simpler, more agile, and more integrated organization — powered by technology, data, and artificial intelligence — capable of driving operational efficiency and creating distinctive, dynamic value propositions. This transformation builds on our DNA and 60 -year legacy, strengthening our ecosystem as a platform designed to serve our customers ex traordinarily at every moment and to accompany them on their journey. This quarter, we moved forward with determination, achieving significant milestones in our transformation by implementing initiatives that simplify structures, streamline processes, and strengthen our competitive capabilities. We recognize that these action s involve extraordinary investment that affected the quarter’s results; however, we are confident they are essential to building a solid and sustainable foundation for profitable growth over the medium and long term. In parallel, we completed the acquisition of the remaining stake in The Fresh Market, reaching full ownership. This step allows us to advance toward the full integration of this business within the Cencosud platform. The transaction, financed through the issuance of a local bond in Chile under historically competitive conditions , reinforces our presence in the United States and creates room for continued growth and expansion in one of the world’s most relevant markets. “In a challenging environment, this quarter’s results show progress in our strategy, refining formats and value propositions while keeping our focus on customers and service quality.” I would like to highlight the strong performance of Colombia, delivering its highest sales growth since 2022, driven by format adaptation and a renewed business plan . In Brazil, where we are advancing a transformative strategy with format and store adjustments , we achieved our first positive Same Store Sales in more than a year, reflecting improvements in our value proposition and following the divestment of Bretas stores in Minas Gerais . In Chile and Argentina, we executed the productivity plan, which had a temporary effect on results, while making meaningful progress in Private Label, Retail Media, and E -commerce—implementing new technologies, strengthening the omnichannel experience, and deepening customer loyalty. Peru maintained solid growth, while in the United States , we continued consolidating the performance of recently opened stores. We are especially proud that The Fresh Market was once again recognized in the U.S. market, this time ranking first across multiple categories in USA Today’s 10Best Readers’ Choice Awards. We remain committed to innovation and differentiation, while accelerating organic growth through new store openings — including Jumbo in Limonar (Colombia), Santa Isabel and Easy in Chile, and a new Prezunic in Rio de Janeiro — further strengthening our presence across the region. Our Shopping Centers business continues to deliver solid results, with a focus on customer experience and expansion projects under development. This progress, along with international recognitions and exclusive events, reaffirms our commitment to excellence. We see great opportunities ahead and remain aware that there is still much to accomplish in executing this new strategy. We are confident that this transformation is the right path to lead change, accelerate profitable growth, and continue delivering the b est possible experience to our customers.
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Press Release – Third Quarter 2025 | 5 1. Important Events & Recognitions 1.1 Important Events • Cencosud Completes Acquisition of 100% of The Fresh Market During the quarter, Cencosud finalized the acquisition of the remaining 33% stake in The Fresh Market (TFM). With this transaction, the Company now owns 100% of TFM, strengthening its presence in the U.S. market. The agreed purchase price was US D 295 million. • Local Bond Issuance To finance the acquisition of the remaining shares of TFM, Cencosud issued two bond series in the local market totaling 7.5 million UF, with 7 -year and 21 -year maturities. The issuances achieved historically low spreads and were oversubscribed 2.4x and 2.6x for the short- and long-term tranches, respectively, reflecting strong investor demand and the market’s confidence in Cencosud’s credit quality. • Closing of Bretas Transaction Following approval from CADE last July, Cencosud completed the sale of the remaining 22 Bretas stores in Minas Gerais during the quarter. The effect of this portion of the transaction was recognized in the quarter’s results. • Execution of the Productivity Plan The Company advanced in the execution of the Productivity Plan, implementing initiatives to simplify organizational structures and processes, optimize efficiency, and strengthen competitive capabilities. The plan had an extraordinary effect of CLP 45 billion on the quarter’s results. • New Store Openings (2) The Company expanded its sales area by 3,9 28 sqm during the quarter, opening three new stores: two Santa Isabel locations in Villarrica and San Fernando (Chile), and one Prezunic in Rio de Janeiro (Brazil). In October, a new Easy store opened in Villarrica, bringing the total to 13 new store openings year-to-date. In addition, a newly remodeled Jumbo store was reopened in Cali, Colombia, unveiling a new concept tailored to the Colombian consumer. More than 60% of the space is dedicated to fresh products, featuring over 1,000 regional items, a wide range of Cuisine & Co private-label products, and imported goods that elevate the shopping experience. • Record Private Label Penetration and New Product Launches The quarter was marked by a record Private Label penetration of 17.9%, supported by stronger brand recognition and innovation with new launches including the “American Dream” line under the Cousine & Co label and new additions to the “Robust” line in Home Improvement stores. (2) Further details on the Company’s organic growth during the quarter can be found in section 3.2.3 of this report.
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Press Release – Third Quarter 2025 | 6 • Advances in Retail Ecosystem During the quarter, Cencosud continued to strengthen its digital ecosystem with the launch of new technological capabilities, including the rollout of Jumbo’s whitelabel app in Colombia and an AI-powered search engine in Jumbo Chile, a functionality that had already been implemented in Paris. In addition, Cencosud Media expanded its digital footprint, installing 100 new digital screens across stores in Chile and Colombia to deepen customer engagement and reinforce its presence in digital media. • Cencosud Successfully Launches Expo La Cava Jumbo in Chile In September, Cencosud launched the first edition of Expo La Cava Jumbo in Chile, an event inspired by Expo Vino — organized by the Company for over 20 years in Peru and later replicated in Argentina. The event featured guided tastings, exclusive product launches, and brand showcases, along with a gastronomic area offering premium Jumbo products such as Farmers meats and international cheeses, reinforcing a distinctive value proposition for customers. 1.2 Awards & Recognitions • The Fresh Market Recognized as Best Supermarket in USA TODAY 10Best Readers’ Choice 2025 The Fresh Market was chosen as the best grocery store across all categories of the USA TODAY 10Best Readers’ Choice 2025 awards, which highlight the best in gastronomy, travel, and lifestyle in the United States, according to readers’ votes and expert nominations. • Cencosud Among the World’s 20 Most Admired Shared Services Centers The SSO Awards recognized Cencosud as one of the 20 most admired Shared Services Centers globally. This recognition values the implementation of advanced technologies such as artificial intelligence, automation, and big data. Through its Global Business Services (GBS) model, the Company centralized high-volume transactional operations, with a focus on simple, agile, and digital processes, as well as a n emphasis on quality and customer experience. • Cenco Malls and Cuisine & Co Lead in Total Brands 2025 Study in Chile In the Total Brands 2025 study, which evaluates the strength, relevance, and connection of 156 brands in 33 categories based on more than 40,000 consumer evaluations in Chile, Cenco Malls ranked first in the Shopping Centers category. Meanwhile, Cuisine & Co was recognized as the winning brand in the Private Label Food category. • Cencosud Brazil Wins Think Work Innovations 2025 Cencosud Brazil was awarded in Think Work Innovations 2025 for its CencoMatch platform, which uses artificial intelligence to connect employees with internal opportunities. The initiative won first place in the Career category, highlighting its innovative approach to talent management.
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Press Release – Third Quarter 2025 | 7 • Cencosud Peru Advances in Merco Empresas Ranking Cencosud Peru climbed five positions in the Merco Empresas 2025 ranking, the most recognized corporate reputation monitor in Ibero -America. In addition, it remained in the top 2 of the Self -Service sector, reaffirming its leadership and commitment to excellence in the Peruvian market. 2. Sustainability People • Cencosud Promotes Youth Employability The Company launched a partnership program with universities in Chile, where students take part in an Employability Match, addressing real business challenges and applying for positions in various areas of the Company. • Metro and Cencosud Strengthen Healthy Eating in Peru Through the initiative “Good Ideas for Better Eating,” Metro Supermarkets and the NGO La Revolución Perú held free food education workshops in Lima, directly benefiting nearly 600 people. • Third Consecutive Year Driving Women’s Empowerment In partnership with Fundación Emplea, Cencosud has so far trained more than 600 women in personal finance, entrepreneurship, and social media management, fostering their professional development and improving their quality of life. Planet • Commitment to Circular Economy and Upcycling The Company joined a public -private alliance to fight food waste, preventing nearly 20,000 tons of food waste through donations, waste recovery, and new sustainable business models.
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Press Release – Third Quarter 2025 | 8 3. Income Statements 3.1 Consolidated Income Statement 3Q25 (3) As Reported Excl. IAS 29 CLP Million 3Q25 3Q24 Var % 3Q25 3Q24 Var % Total revenues 3,961,748 3,770,679 5.1% 4,040,335 3,807,849 6.1% Gross Profit 1,143,670 1,107,880 3.2% 1,184,958 1,120,220 5.8% Gross margin 28.9% 29.4% -51 bps 29.3% 29.4% -9 bps SG&A -989,994 -920,830 7.5% -996,356 -922,297 8.0% Operating result 154,602 220,185 -29.8% 190,031 231,095 -17.8% Non-operating result -111,760 -88,554 26.2% -123,673 -63,009 96.3% Taxes -34,148 -43,248 -21.0% -19,043 -13,232 43.9% Net Income 8,694 88,384 -90.2% 47,315 154,854 -69.4% Net Income attributable to controlling shareholders -15,075 74,576 -120.2% 23,546 141,048 -83.3% Net Income attributable to non-controlling shareholders 23,770 13,809 72.1% 23,770 13,805 72.2% Net Distributable Income -33,272 67,967 -149.0% N.A. N.A. N.A. Adjusted EBITDA 267,079 339,334 -21.3% 288,373 341,553 -15.6% Adjusted EBITDA margin 6.7% 9.0% -226 bps 7.1% 9.0% -183 bps Adjusted EBITDA Excl One-off 311,939 339,334 -8.1% 333,233 341,553 -2.4% Adjusted EBITDA Margin Excl. One-off 7.9% 9.0% -113 bps 8.2% 9.0% -72 bps (3) The detailed Income Statement and the impact of hyperinflation in Argentina are available in the Appendix of this report.
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Press Release – Third Quarter 2025 | 9 3.2 Performance by Country (4) 3.2.1 Results by Country (5) Revenues 3Q25 3Q24 % vs 2024 CLP MM CLP MM CLP ∆ % LC ∆ % Chile 1,777,844 1,732,728 2.6% 2.6% Argentina 807,975 700,449 15.4% 57.0% USA 490,652 453,543 8.2% 5.1% Brazil 376,296 401,766 -6.3% -10.7% Peru 335,334 299,662 11.9% 2.1% Colombia 252,234 219,700 14.8% 8.5% Total 4,040,335 3,807,849 6.1% N.A. Adjusted EBITDA 3Q25 3Q24 % vs 2024 CLP MM CLP MM CLP ∆ % LC ∆ % Chile 157,171 205,934 -23.7% -23.7% Argentina 21,809 47,211 -53.8% -40.2% USA 36,734 33,546 9.5% 6.6% Brazil 28,676 20,928 37.0% 32.5% Peru 40,332 33,964 18.8% 8.4% Colombia 3,650 -30 N.A. N.A. Total 288,373 341,553 -15.6% N.A. 3.2.2 Same Store Sales Variation in Local Currency 3Q25 3Q24 Supermarkets Chile 0.5% 3.2% Argentina 31.8% 193.9% USA -0.2% 0.9% Brazil 0.4% -4.3% Peru -0.2% 0.6% Colombia 6.0% -10.1% Home Improvement Chile -0.3% 7.8% Argentina 28.4% 167.6% Colombia 23.0% -12.9% Department Stores Chile 7.3% 9.5% (4) For comparative purposes and financial performance analyses, figures exclude the effects of hyperinflationary economies (IAS 29). (5) LC refers to local currency.
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Press Release – Third Quarter 2025 | 10 3.2.3 Organic Growth During the third quarter of 2025, the Company added a total of 3,9 28 m² of sales area through the opening of three new stores. In Chile, Santa Isabel inaugurated two locations —in Villarrica and San Fernando — which together contributed 2, 250 m² of sales floor. In Brazil, Prezunic added a new store in Rio de Janeiro, with an additional 1,678 m² of sales area. With these openings, the Company totals 12 new stores during the first nine months of 2025. Likewise, as part of the Company’s strategic focus on profitable growth, 12 Spid stores were closed during the quarter following the definitive shutdown of the chain in Colombia. One Spid store was converted into a Jumbo. Openings Remodelations Closures 3Q25 # sqm # # sqm Chile 2 2,250 7 - - Argentina - - - - - USA - - - - - Brazil 1 1,678 7 - - Peru - - - - - Colombia - - 2 12 1,696 Total 3 3,928 16 12 1,696
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Press Release – Third Quarter 2025 | 11 3.2.4 Online Sales (6) CLP Million Venta online % vs 2024 3Q25 3Q24 Δ CLP Δ LC Chile 262,019 243,158 7.8% 7.8% Argentina 33,483 27,868 20.1% 63.5% USA 41,840 35,224 18.8% 15.4% Brazil 11,173 10,409 7.3% 2.3% Peru 24,504 17,500 40.0% 27.8% Colombia 12,894 10,796 19.4% 12.9% TOTAL 385,912 344,956 11.9% N.A. 3.2.5 Online Penetration 3Q25 Penetration % 3Q25 3Q24 Δ bps Supermarket 9.2% 8.5% 72 SMKT Chile 14.4% 13.3% 108 SMKT Argentina 4.3% 3.8% 50 SMKT USA 8.5% 7.8% 75 SMKT Brazil 3.1% 2.7% 39 SMKT Peru 7.5% 6.0% 154 SMKT Colombia 5.6% 5.3% 30 Home Improvement 7.9% 7.5% 38 Department Stores 23.8% 24.6% -83 TOTAL 10.0% 9.4% 60 (6) Online sales figures (excluding IAS 29) reflect 1P data, including sales through last -mile delivery operators. Online Penetration 10.0% Online Tickets 7.1 MM Online Sales 386 CLP Bn
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Press Release – Third Quarter 2025 | 12 3.2.6 Private Label During 3Q25, Private Label products reached a penetration of 17.9% of total sales, marking an increase of 118 bps compared to the same period of the previous year and achieving a historic high. At the regional level, Argentina led growth with an increase of 354 bps, as well as Chile with an expansion of 72 bps YoY, both driven by new product launches and the development of new formats in both Non-Food and Food categories, such as the new American Dream product line from Cuisine & Co and the Robust line in our Home Improvement stores. In the Food segment, penetration reached 16.1%, a year-over-year growth of 61 bps, with progress led by Argentina and Colombia. In Non-Food, penetration rose to 23.5%, representing an improvement of 298 bps YoY. Finally, the Cuisine & Co brand was recognized as the No. 1 Private Label brand in the Food category in the Total Brands study, which evaluates the strength, relevance, and connection of brands in Chile, reflecting the differentiated value proposition of Private Labels at Cencosud . Private Label Penetration Food Non-Food Total 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 12.9% 12.7% 27.5% 25.3% 17.1% 16.3% Argentina 17.6% 16.5% 22.2% 13.8% 19.1% 15.6% USA 30.6% 30.3% 0.8% 1.8% 29.5% 29.3% Brazil 5.4% 5.1% 3.7% 3.8% 5.2% 4.9% Peru 15.6% 15.7% 33.7% 33.6% 18.3% 18.5% Colombia 10.6% 10.2% 8.1% 7.6% 9.8% 9.4% Total 16.1% 15.5% 23.5% 20.5% 17.9% 16.7%
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Press Release – Third Quarter 2025 | 13 3.2.7 Results By Country and Business Chile REVENUES 3Q25 3Q24 vs 2024 CLP MM % CLP MM % CLP ∆ % Supermarkets 1,278,498 31.6% 1,255,967 33.0% 1.8% Shopping Centers 66,143 1.6% 60,694 1.6% 9.0% Home Improvement 178,582 4.4% 178,124 4.7% 0.3% Department Stores 246,746 6.1% 234,792 6.2% 5.1% Other 7,875 0.2% 3,152 0.1% 149.8% Revenues 1,777,844 44.0% 1,732,728 45.5% 2.6% ADJUSTED EBITDA 3Q25 3Q24 vs 2024 CLP MM Mg (%) CLP MM Mg (%) CLP ∆ % Supermarkets 146,709 11.5% 158,332 12.6% -7.3% Shopping Centers 53,048 80.2% 48,049 79.2% 10.4% Home Improvement 4,593 2.6% 8,411 4.7% -45.4% Department Stores 4,016 1.6% 5,680 2.4% -29.3% Financial Services 1,246 N.A. 6,521 N.A. -80.9% Other -52,441 N.A. -21,059 N.A. 149.0% Adj. EBITDA 157,171 8.8% 205,934 11.9% -23.7% Adjusted EBITDA , excluding the extraordinary effect associated with the productivity plan, reached CLP 178,894 million, representing a 13.1% YoY decrease, with an Adjusted EBITDA margin of 10.1%. In Chile, the amount related to this extraordinary effect totaled CLP 21,723 million. Supermarkets During 3Q25, revenues increased 1.8% YoY. Online sales growth of 10.1% YoY, reflecting the expansion of the omnichannel model, as well as the opening of two new Santa Isabel stores in Villarrica and San Fernando, strengthening Santa Isabel’s presence in regional markets , were highlights of the quarter. Highlights of the Quarter All business units increased their revenues compared to 3Q24 Online sales grew 7.8% YoY nationwide, surpassing 10% penetration across the three retail units
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Press Release – Third Quarter 2025 | 14 The Adjusted EBITDA margin contracted 113 bps YoY, mainly explained by higher operating expenses and a reduction in gross margin due to increased promotional activity. Home Improvement Quarterly revenues increased 0.3% compared to 3Q24. This result comes from double-digit growth in soft categories, partially offset by the high comparison base in product categories related to energy, heating, and home restoration due to extreme weather events in 2024. Improvements implemented in digital channels led to online sales expanding by 5.4% YoY during the quarter. The Adjusted EBITDA margin for the quarter was 2.6%, implying a contraction of 215 bps YoY, mainly due to a reduction in gross margin from higher promotional activity, inventory liquidation, and an increase in wholesale sales, as well as a general rise in expenses. Department Stores Quarterly revenues increased 5.1% YoY, thanks to the strategic focus on apparel categories and reflected in a Same Store Sales (SSS) of 7.3%. During the quarter, the value proposition continued to be strengthened through improvements in customer experience, development of Private Labels, website renewal, and Marketplace growth. Proof of this is 1st place in Department Stores as the ProCalidad award, thanks to Paris’ focus on service, attention, and exclusivity. The Adjusted EBITDA margin contracted 79 bps YoY, largely explained by a challenging comparison base versus 3Q24, which benefited from a longer winter season compared to 2025. The shorter season this year affected sales of seasonal categories and reduced the contribution to the gross margin. Shopping Centers Revenues increased 9.0% in the quarter compared to the same quarter of 2024, thanks to higher revenues from fixed rent given the greater placement of GLA. Additionally, parking services registered double-digit growth. The Adjusted EBITDA margin expanded 104 bps YoY, in line with revenue growth and reflecting a stable cost structure, along with lower administrative and selling expenses. Financial Services Adjusted EBITDA contracted 80.9% YoY, resulting from an increase in the risk charge of the business portfolio. Adjusted EBITDA for Financial Services in Chile reflects a risk adjustment defined by the shareholders of the Joint Venture within the framework of exercising c ontrol of the business. Excluding this adjustment, Adjusted EBITDA contracted 46.4% YoY.
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Press Release – Third Quarter 2025 | 15 Others (7) The Others segment recorded a negative Adjusted EBITDA of CLP 52,441 million in 3Q25, compared to a negative CLP 21,059 million in the same period of the previous year (+149,0% YoY). This variation is mainly explained by higher investments associated with the implementation of the productivity plan, which at the country level amounted to approximately CLP 21,700 million, as well as negative exchange rate differences in 3Q25, in contrast to positive differences in 3Q24. Argentina (8) Adjusted EBITDA , excluding the extraordinary effect associated with the productivity plan, reached CLP 41,841 million, representing a 11.4% YoY decrease, with an Adjusted EBITDA margin of 5.2%. In Argentina, the amount related to this extraordinary effect totaled CLP 20,032 million. Supermarkets 3Q25 revenues increased 67.5% in ARS and 23.0% in CLP YoY. Revenue growth above annual inflation, driven by Jumbo’s strong performance, additional income from Makro and the strengthening of Private Label, which increased their penetration by 354 bps YoY. (7) The Others segment consolidates accounting items not directly attributable to other business units, such as support services, financing, adjustments, and other items. (8) General inflation in Argentina for the 12 months ending in September 2025 was 31,8%, while food inflation was 27.3%. (9) Source: Scentia. Highlights of the Quarter Private Labels increased their penetration by 354 bps over total sales Supermarkets Argentina recorded a Market Share expansion of 140 bps (9) compared to the previous year REVENUES 3Q25 3Q24 % vs 2024 CLP MM % CLP MM % CLP ∆% LC ∆ % Supermarkets 578,672 14.3% 470,514 12.4% 23.0% 67.5% Shopping Centers 21,826 0.5% 21,619 0.6% 1.0% 37.2% Home Improvement 167,597 4.1% 177,703 4.7% -5.7% 28.3% Financial Services 38,625 1.0% 30,071 0.8% 28.4% 75.1% Other 1,255 0.0% 542 0.0% 131.4% 202.5% Revenues 807,975 20.0% 700,449 18.4% 15.4% 57.0% ADJUSTED EBITDA CLP MM Mg (%) CLP MM Mg (%) ∆ % LC ∆ % Adjusted EBITDA 21,809 2.7% 47,211 6.7% -53.8% -40.2%
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Press Release – Third Quarter 2025 | 16 Adjusted EBITDA for 3Q25 increased 31.1% in ARS and decreased 3.4% in CLP compared to the previous year, reflecting higher administrative and selling expenses, driven by increased operating costs, Makro integration, and higher basic operating expenses. Home Improvement Revenues grew 28.3% in ARS and decreased 5.7% in CLP, compared to home equipment and maintenance inflation of 19.6% as of September 2025. The operation stands out for an increase in imported products within the total mix, expanding the overall in-store assortment. Adjusted EBITDA, in turn, increased 16.8% in ARS and decreased 13.9% in CLP. This variation is explained by salary adjustments in line with general inflation (31.8% YoY as of September 2025), while revenues grew at a lower rate. Shopping Centers 3Q25 revenues increased 37.2% in ARS and 1.0% in CLP YoY, driven by contract updates to inflation levels. The occupancy rate remained at 92.2% at the end of the quarter. Adjusted EBITDA increased 38.5% in ARS and 1.9% in CLP, growing in line with sales. Financial Services Revenues increased 75.1% in ARS and 28.4% in CLP, reflecting higher interest income and new card issuances. Adjusted EBITDA increased 17.0% in ARS and decreased 14.2% in CLP. Higher funding rates as well as increased delinquency indicators in industry -wide portfolios were factors in the contraction in EBITDA margin. United States REVENUES 3Q25 3Q24 % vs 2024 CLP MM % CLP MM % CLP ∆% LC ∆ % Supermarkets 490,652 12.1% 453,543 11.9% 8.2% 5.1% Revenues 490,652 12.1% 453,543 11.9% 8.2% 5.1% ADJUSTED EBITDA CLP MM Mg (%) CLP MM Mg (%) ∆ % LC ∆ % Adjusted EBITDA 36,734 7.5% 33,546 7.4% 9.5% 6.6% Highlights of the Quarter The Fresh Market was recognized as a “top grocery store” in various categories by USA Today’s 10Best Readers’ Choice Online sales grew 15.4% YoY, reaching 8.5% penetration over total sales
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Press Release – Third Quarter 2025 | 17 Supermarkets Revenues increased 5.1% in USD and 8.2% in CLP YoY. This was explained by the expansion of online sales by 15.4% YoY and a larger store base compared to 3Q24. Additionally, during the quarter, progress continued in inventory availability as well as improvements in the customer satisfaction index, reaching the highest satisfaction levels in recent years. Adjusted EBITDA decreased 1.8% in local currency and grew 0.9% in Chilean pesos YoY, largely explained by a 7.8% increase in general expenses in local currency , as well as pre-opening expenses and new stores still in maturity phase. Brazil INGRESOS 3Q25 3Q24 % vs 2024 CLP MM % CLP MM % CLP ∆ % LC ∆ % Supermarkets 376,296 9.3% 401,348 10.5% -6.2% -10.6% Financial Services 0 0.0% 418 0.0% N.A. N.A. Other 0 0.0% 0 0.0% N.A. N.A. Revenues 376,296 9.3% 401,766 10.6% -6.3% -10.7% ADJUSTED EBITDA CLP MM Mg (%) CLP MM Mg (%) ∆ % LC ∆ % Adjusted EBITDA 28,676 7.6% 20,928 5.2% 37.0% 32.5% Supermarkets In 3Q25, Supermarkets revenues decreased 10.6% in BRL and 6.2% in CLP compared to 3Q24, despite achieving a positive SSS of 0.4%, the first positive SSS since 1Q24. The sale of 54 Bretas stores in the state of Minas Gerais were a key factor in this sales contraction. In Rio de Janeiro, a new Prezunic store opened during the quarter, bringing the total to 39 stores in the city. Adjusted EBITDA recorded a decrease of 35.9% in local currency and 32.6% in CLP compared to 3Q24. This result is partly explained by the exit of 54 stores and higher expenses related to the execution of the performance improvement plan . H owever, Adjusted EBITDA for 3Q25 continues the trend of sequential improvement compared to 1Q25 and 2Q25. Highlights of the Quarter Sequential improvement in SSS, moving from -12.1% and -5.2% in 1Q25 and 2Q25, respectively, to 0.4% in 3Q25 Opening of a new Prezunic store in Rio de Janeiro Net Income from the sale of 22 Bretas stores in Minas Gerais totaling CLP 18.3 billion
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Press Release – Third Quarter 2025 | 18 Peru REVENUES 3Q25 3Q24 % vs 2024 CLP MM % CLP MM % CLP ∆% LC ∆ % Supermarkets 325,257 8.1% 291,973 7.7% 11.4% 1.7% Shopping Centers 8,469 0.2% 7,345 0.2% 15.3% 5.3% Other 1,608 0.0% 345 0.0% 366.8% 324.7% Revenues 335,334 8.3% 299,662 7.9% 11.9% 2.1% ADJUSTED EBITDA CLP MM Mg (%) CLP MM Mg (%) ∆ % LC ∆ % Adjusted EBITDA 40,332 12.0% 33,964 11.3% 18.8% 8.4% Supermarkets Revenues increased 1.7% in PEN and 11.4% in CLP compared to 3Q24, driven by growth in the online channel, which expanded 27.8% YoY. Additionally, there was a strong performance in perishable categories, and the Cash & Carry format recorded a Same Store Sales of 4.7%. Adjusted EBITDA increased 6.4% in PEN and 16.5% in CLP YoY, explained by an improvement in gross margin due to the continued development of product assortment and inventory, as well as greater control of administrative and selling expenses. Shopping Centers Quarterly revenues grew 5.3% in PEN and 15.3% in CLP compared to the same period of the previous year, driven by higher fixed income and improved revenues from parking. On the other hand, Adjusted EBITDA decreased 11.6% in PEN and 3.1% in CLP, mainly due to higher energy costs and increased administrative and marketing expenses ahead of the phase two opening at Cenco La Molina. Financial Services Adjusted EBITDA for 3Q25 grew 221.2% in PEN and 250.8% in CLP compared to 3Q24, mainly driven by a lower risk level and a reduction in portfolio provisions. Highlights of the Quarter Adjusted EBITDA margin for 3Q25 grew 69 bps YoY, reaching 12.0%, the highest for a third quarter in Peru Online sales increased 27.8% compared to 3Q24, achieving a penetration increase of 154 bps
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Press Release – Third Quarter 2025 | 19 Colombia REVENUES 3Q25 3Q24 % vs 2024 CLP MM % CLP MM % CLP ∆ % LC ∆ % Supermarkets 227,239 5.6% 201,701 5.3% 12.7% 6.5% Shopping Centers 3,511 0.1% 2,733 0.1% 28.5% 21.2% Home Improvement 21,042 0.5% 16,236 0.4% 29.6% 22.7% Financial Services 813 0.0% -177 (0.0%) N.A. N.A. Other -371 (0.0%) -793 (0.0%) -53.2% -56.6% Revenues 252,234 6.2% 219,700 5.8% 14.8% 8.5% ADJUSTED EBITDA CLP MM Mg (%) CLP MM Mg (%) ∆ % LC ∆ % Adjusted EBITDA 3,650 1.4% -30 0.0% N.A. N.A. Adjusted EBITDA , excluding the extraordinary effect associated with the productivity plan, reached CLP 6,756 million, with an Adjusted EBITDA margin of 2.7%. In Colombia, the amount related to this extraordinary effect totaled CLP 3,106 million. Supermarkets During 3Q25, revenues grew 6.5% in COP and 12.7% in CLP compared to the previous year , despite the closure of 12 SPID stores during the quarter . The better performance of perishable products, commercial dynamics, and online sales growth of 12.6% YoY, which together represented an increase in the average ticket of 12.7% YoY were important contributors. Additionally, the value proposition continued t o strengthen during the quarter, through adapting store format adjustments to customer needs. Adjusted EBITDA increased 57.9% in COP and 68.2% in CLP YoY, reflecting an expansion of the EBITDA margin by 126 bps, driven by an improvement in gross margin and contained expense growth as a result of efficiency measures. Home Improvement 3Q25 revenues increased 22.7% in COP and 29.6% in CLP YoY, reflecting a recovery in the segment driven by the dynamism of the wholesale channel and an improved value proposition through a more attractive product assortment. Likewise, the online channel maintained solid performance, with growth of 16.3% YoY. Highlights of the Quarter All business divisions increase revenues and improve their EBITDA margin compared to 3Q24 Reopening of Jumbo store in Cali with a premium concept focused on fresh products
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Press Release – Third Quarter 2025 | 20 Adjusted EBITDA showed a less negative result, improving by 55.0% in COP and 52.3% in CLP compared to 3Q24. This variation reflects a reduction in expenses versus the same period of the previous year. Shopping Centers Revenues grew 21.2% in COP and 28.5% in CLP compared to 3Q24, driven by the incorporation of new tenants in Cenco Limonar and increased fixed rent, mainly in Cenco Altos del Prado due to the entry of new tenants. Adjusted EBITDA expanded 21.8% in COP and 29.3% in CLP compared to the same period of the previous year, explained by revenue growth as well as expenses growing below revenue growth. Financial Services Adjusted EBITDA recorded a positive result, reversing the loss observed in 3Q24. This improvement is mainly explained by the increase in card and credit placements, as well as a reduction in the risk charge. 3.2.8 Tax Breakdown (10) (10) The income tax rates in each country where the Company operates are as follows: Chile: 27%. Argentina: 35%. Peru: 29.5%. Colo mbia: 35%. Brazil: 34%. United States: 21%. For further details on income tax expenses, refer to Note 26 of the Financial Statement s. CLP Million 3Q25 3Q24 9M25 9M24 Current tax expenses -28,993 -26,090 -113,101 -102,178 Adjustments to previous year tax expense - -478 - -3,156 Total current tax expenses -28,993 -26,568 -113,101 -105,335 Deferred tax -5,155 -16,680 -37,139 -98,324 Tax Expense (Income), reported -34,148 -43,248 -150,240 -203,659 (-) IAS 29 -15,106 -30,016 -55,268 -198,586 Tax expense (income), excl. IAS 29 -19,043 -13,232 -94,972 -5,072
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Press Release – Third Quarter 2025 | 21 4. Consolidated Balance Sheet (11)(12) 4.1 Summary of Balance Sheet As Reported Excl. IAS 29 SEPT 25 DEC 24 % SEPT 25 DEC 24 % CLP million CLP million Current Assets 3,361,529 3,898,450 -13.8% 3,352,518 3,884,898 -13.7% Non-Current Assets, Total 11,722,180 11,423,626 2.6% 10,678,017 10,210,924 4.6% TOTAL ASSETS 15,083,709 15,322,076 -1.6% 14,030,536 14,095,823 -0.5% Current Liabilities 3,663,231 4,248,607 -13.8% 3,661,986 4,247,597 -13.8% Non-Current Liabilities, Total 6,084,639 5,762,173 5.6% 5,716,790 5,325,153 7.4% TOTAL LIABILITIES 9,747,870 10,010,780 -2.6% 9,378,775 9,572,750 -2.0% Controlling interest 4,693,230 4,679,049 0.3% 4,009,152 3,890,826 3.0% Non-controlling interest 642,609 632,247 1.6% 642,609 632,247 1.6% TOTAL NET EQUITY 5,335,839 5,311,297 0.5% 4,651,761 4,523,073 2.8% TOTAL NET EQUITY & LIABILITIES 15,083,709 15,322,076 -1.6% 14,030,536 14,095,823 -0.5% Assets As of September 30, 2025, total Assets decreased by CLP 65,287 million (excluding adjustment for hyperinflation in Argentina) compared to December 2024. A decrease in Current Assets of CLP 532,380 million, partially offset by an increase in Non-Current Assets of CLP 467,093 million led to this result. • Current Assets decreased mainly due to lower Cash and cash equivalents, which fell by CLP 366,451 million, largely explained by funds used for the acquisition of Makro and purchases of property, plant, and equipment associated with business expansion. • Non-Current Assets grew after an increase in Property, Plant, and Equipment of CLP 125,540 million, driven in part by land acquisitions, and in Investment Properties of CLP 239,236 million. An increase in asset value due to brownfield projects in shopping centers, higher expected asset performance, and, in part, investments associated with regional business growth, were all contributing factors. (11) The detailed Consolidated Balance Sheet is included in the appendices to this report. (12) For comparative purposes, and to analyze business performance, figures and explanations exclude the effect of the Argentine hyperinflationary standard (IAS 29).
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Press Release – Third Quarter 2025 | 22 Liabilities As of September 2025, total Liabilities decreased by CLP 193,975 million (excluding adjustment under IAS 29) compared to December 2024, a result attributed to a reduction in Current Liabilities of CLP 585, 611 million, partially offset by an increase in Non -Current Liabilities of CLP 391,637 million. • The Current Liabilities decrease come after a reduction in Trade payables of CLP 332,086 million due to lower payables for products and services compared to December 2024, largely explained by seasonality in sales during December. Other financial liabilities decreased by CLP 197,679 million, mainly due to payment for the remaining 33% ownership of The Fresh Market, eliminating the liability associated with the PUT option held by the counterparty in the transaction. • The increase in Non-Current Liabilities is mainly attributed to the rise in Other financial liabilities by CLP 325,906 million, largely due to the issuance of two bond series in the Chilean local market to finance the acquisition of the remaining ownership of The Fresh Market. Equity At the end of the period, Equity increased by CLP 128,688 million as a result of a less negative impact of Other reserves of CLP 374,373 million, largely attributed to the elimination of the PUT option. This was partially offset by a negative difference in Treasury shares of CLP 161,731 million, attributable to the share buyback plan executed at the end of June 2025. Net Financial Debt Reconciliation CLP million Sept-25 Dec-24 Sept-24 Total Financial Liabilities 4,608,225 4,479,998 4,359,202 (-) Cash and Cash Equivalents 376,193 742,644 499,517 (-) Other Financial Assets (Current and Non-Current) 273,886 417,532 374,085 Net Financial Debt 3,958,146 3,319,822 3,485,600 (+) Total Lease Liabilities 1,201,983 1,259,766 1,202,793 Reported Net Financial Debt 5,160,130 4,579,588 4,688,393
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Press Release – Third Quarter 2025 | 23 5. Cash Flow Statement (13) 5.1 Accumulated as of September 2025 and 2024 YTD 2025 | CLP Million Net cash flow from operating activities Net cash flow used in investment activities Net cash flow from (used in) financing activities Supermarkets 488,656 -163,282 -540,227 Shopping Centers 237,157 -152,318 -98,795 Home Improvement 47,754 107,758 -142,757 Department Stores -73,871 -13,173 80,444 Financial Service -16,431 - 16,431 Others -282,024 -17,207 178,245 Excl. IAS 29 401,242 -238,221 -506,659 IAS29 Adjustment Inflation Adjustment 14,625 -5,131 -7,285 Conversion Adjustment -19,825 6,396 9,663 As Reported 396,042 -236,957 -504,281 YTD 2024 | CLP Million Net cash flow from operating activities Net cash flow used in investment activities Net cash flow from (used in) financing activities Supermarkets 665,775 -205,454 -663,217 Shopping Centers 203,830 14,090 -72,853 Home Improvement 72,572 -5,234 -64,837 Department Stores -11,384 -7,440 26,878 Financial Service -12,589 - 12,589 Others -344,771 -15,918 386,333 Excl. IAS 29 573,431 -219,956 -375,109 IAS29 Adjustment Inflation Adjustment 27,416 31,789 -38,000 Conversion Adjustment -4,055 -16,459 12,825 As Reported 596,793 -204,627 -400,283 Operating Activities As of September 2025, cash flow from operating activities was CLP 401,242 million (excluding IAS 29) compared to CLP 573,431 million as of September 2024. This decrease is mainly explained by lower cash flow from the Supermarkets business, due to reduced sales dynamism in this business at the regional level. (13) The cash flow explanations do not consider the accounting effect of hyperinflation in Argentina.
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Press Release – Third Quarter 2025 | 24 Investment Activities Cash flow from investment activities totaled CLP -238,221 million (excluding IAS 29) in the accumulated flow as of September 2025, compared to CLP -219,956 million as of September 2024. These funds went towards the purchase of Makro in Argentina, as well as investments associated with business growth, especially in the United States. As of September, Capex for the period was CLP 377,330 million (excluding M&A) versus CLP 316,837 million in the same period of the previous year. Additionally, the Company perceived CLP 135.109 million due to the sale of stores in Minas Gerais, in Brazil. Financing Activities Net cash flow allocated to financing activities was CLP -506,659 million as of September 2025 (excluding IAS 29), while as of September 2024, net cash flow was CLP -375,109 million. This came after the share buyback plan executed by the Company at the end of June 2025. Additionally, financing activities include amounts paid for the acquisition of the remaining 33% ownership of The Fresh Market under the item Loan repayments, as well as cash inflows from the issuance of two bond series to finance the transaction for a total of UF 7.5 million. 5.2 Cash Position Evolution 2025 (14) The cash position at the end of September 2025 reached CLP 6 50,079 million, representing a decrease of 44.0% compared to December 2024. This reduction came after the investment of CLP 377,330 million in Capex during the period and by funds allocated to acquisitions (M&A), corresponding to Makro in Argentina and the remaining 33% of The Fresh Market in the United States. This was partially offset by the inflow of CLP 135,109 million from the sale of Bretas. Meanwhile, net financing flow reached CLP 425,163 million, reflecting the issuance of a bond whose funds were allocated to finance the acquisition of TFM. In addition, operating cash generation contributed positively with CLP 396,042 million. (14) The cash position includes the assets deducted for the calculation of net leverage (cash + short - and long-term financial assets). Figures are in CLP million.
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Press Release – Third Quarter 2025 | 25 6. Business Management 6.1 Financial Ratios 6.1.1 Net Leverage CLP Million Sept-25 Jun-25 Mar-25 Dec-24 Reported Net Financial Debt 5,160,130 4,886,795 4,846,260 4,579,588 EBITDA (Times) Net Leverage 3.5x 3.2x 3.1x 3.0x Net Leverage (excl. IAS 29) 3.5x 3.2x 3.1x 2.9x Net Lev. excl. productivity plan 3.4x N.A. N.A. N.A. 6.1.2 Debt Ratios (in times) Sept-25 Dec-24 Sept-24 Financial Expenses Ratio 3.7 3.9 4.1 Financial Debt / Equity 0.7 0.6 0.7 Total Liabilities / Equity 1.8 1.9 1.9 Current Assets / Current Liabilities 0.9 0.9 0.9 6.1.2 Working Capital Inventory Days Average Collection Days Average Payments Days Variation in CLP 3Q25 3Q24 ∆ 3Q25 3Q24 ∆ 3Q25 3Q24 ∆ Supermarkets 44.1 40.8 3.3 10.7 10.9 -0.2 41.0 41.0 0.0 Home Improvement 126.8 127.6 -0.8 17.6 18.1 -0.5 43.0 48.0 -5.0 Department Stores 123.8 116.6 7.2 7.0 8.7 -1.7 47.0 49.0 -2.0 Shopping Centers - - - 22.4 23.7 -1.3 30.0 30.0 0.0 Financial Services - - - - - - 30.0 32.0 -2.0 Inventory Days In 3Q25, lower dynamism in the Supermarkets industry led to an increase of inventory days in the region by 3.3 days compared to 3Q24. Home Improvement kept its inventory days relatively stable YoY, recording a contraction of 0.8 days. Department Stores, in turn, recorded an increase of 7.2 inventory days versus 3Q24 YoY, due to a higher level of Private Label product inventory, along with increased purchases prior to Cyber Day.
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Press Release – Third Quarter 2025 | 26 Average Collection Days Supermarkets’ average collection days remained stable YoY ( -0.2 days), as did Home Improvement (-0.5 days). Department Stores reduced average collection days by 1.7 days, driven by a 13% reduction in accounts receivable compared to the close of 3Q24. Shopp ing Centers decreased average collection days by 1.3 days YoY, mainly due to a reduction in accounts receivable days in Chile, Argentina, and Colombia. Average Payment Days As of September 2025, Supermarkets’ average payment days remained unchanged compared to 3Q24. Home Improvement recorded a decrease of 5.0 average days due to shorter payment terms in Argentina. Likewise, Department Stores decreased by 2.0 days. Shopping Ce nters maintained its payment days compared to the same period of the previous year, while Financial Services decreased its average payment days by 2.0 days during the same period. 6.2 Risk Management 6.2.1 Interest Rate Risk At the end of September 2025, and considering Cross Currency Swap hedging, 75.3% of the Company's financial debt was at a fixed rate, composed mainly of short -term obligations and bonds. The remaining percentage was subject to a variable interest rate. Of the variable-rate portion, 72.0% was indexed to local interest rates (either due to their initial terms or because of derivative agreements). The Company's hedging strategy includes a periodic review of its exposure to interest rate and exchange rate fluctuation risks. 6.2.2 Currency Hedging In the regions where Cencosud operates, most costs and revenues are in local currency. A large portion of the Company's debt is denominated or converted into CLP through Cross Currency Swaps. As of September 30, 2025, 63.5% of total financial debt was in U S dollars. Of this debt, 90.9% was hedged through Cross Currency Swaps or other currency hedges, such as net investment hedges and holdings in USD. The Company's policy seeks to mitigate the risk of currency fluctuations on net liabilities in foreign currencies, using market instruments designed for this purpose. With the effect of currency hedges (Cross Currency Swaps), the Company's exposure to the dollar was 5.8% of total gross debt as of September 30th, 2025. 6.2.3 General Risks Cencosud and its subsidiaries operate in a business environment that entails a series of inherent risks. In this regard, the Company maintains a Corporate Risk Management Policy, as well as a series of related procedures, such as Internal Audit manuals and methodological frameworks for the management and administration of all types of risks, including those related to economic, environmental, and social aspects. The company's risk management structure is outlined by Cencosud's Board of Directors and is impl emented at various levels of the organization. In this context, Cencosud has a Corporate Internal Audit, Internal Control,
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Press Release – Third Quarter 2025 | 27 and Risk Management Department, which reports directly to the Board of Directors and supports Corporate General Management in its responsibility to promote the implementation and operation of the Risk Management model. It acts as a key element of the control environment within the Company's governance and planning structure, strengthening them and aligning them with global and local best practices. For more detailed information on Risk Management, read the 2024 Integrated Annual Report at the following link: https://www.cencosud.com/cencosud/site/docs/20250410/20250410124319/memoria_2024_ce ncosud.pdf
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Press Release – Third Quarter 2025 | 28 Third Quarter 2025 Appendix
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Press Release – Third Quarter 2025 | 29 Index 1. Financial Information ........................................................................................................ 30 Consolidated Income Statement Details...................................................................... 30 Adjusted EBITDA Calculation ............................................................................................ 31 By Business Unit ...................................................................................................................... 32 Consolidated Balance Sheet Details ............................................................................... 33 Balance Sheet by Country ................................................................................................... 34 Consolidated Cash Flow Details ....................................................................................... 35 Openings and Closures 9M25 by Country .................................................................... 36 2. Business Performance...................................................................................................... 37 Supermarkets and Others ................................................................................................... 37 Home Improvement ............................................................................................................... 40 Department Stores ................................................................................................................. 41 Shopping Centers .................................................................................................................... 42 Financial Services .................................................................................................................... 45 3. Macroeconomic Indicators Exchange Rate ........................................................... 47 4. Glossary ................................................................................................................................... 48
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Press Release – Third Quarter 2025 | 30 1. Financial Information Consolidated Income Statement Details Third Quarter 2025 CLP Million 3Q25 3Q24 ∆ % Inflation effect Conversion effect Inflation effect Conversion effect 3Q25 3Q24 ∆ % Revenues 3,961,748 3,770,679 5.1% 101,139 -179,726 190,792 -227,961 4,040,335 3,807,849 6.1% Cost of Sales -2,818,078 -2,662,799 5.8% -86,332 123,632 -127,508 152,337 -2,855,377 -2,687,628 6.2% Gross Profit 1,143,670 1,107,880 3.2% 14,807 -56,095 63,283 -75,623 1,184,958 1,120,220 5.8% Gross Margin 28.9% 29.4% -51 bps 14.6% 31.2% 33.2% 33.2% 29.3% 29.4% -9 bps Selling and administrtive expenses -989,994 -920,830 7.5% -42,181 48,542 -61,360 62,827 -996,356 -922,297 8.0% Other income by function 32,158 17,736 81.3% 101 -1,105 111 -1,270 33,162 18,895 75.5% Other gain (losses) -31,232 15,399 N.A. 336 166 1,817 -694 -31,734 14,276 N.A. Operating income 154,602 220,185 -29.8% -26,937 -8,491 3,851 -14,760 190,031 231,095 -17.8% Participation profit/loss of associates 1,761 6,662 -73.6% 0 0 0 0 1,761 6,662 -73.6% Net financial income -101,196 -68,470 47.8% 5,011 2,240 16,926 3,529 -108,447 -88,924 22.0% Foreign exchange variations -17,045 31,670 N.A. -130 -190 -1,157 723 -16,725 32,105 N.A. Result of indexation units 4,720 -58,416 N.A. 3,545 1,438 -49,252 3,687 -262 -12,851 -98.0% Non-operating income (loss) -111,760 -88,554 26.2% 8,425 3,488 -33,483 7,939 -123,673 -63,009 96.3% Income before taxes 42,843 131,632 -67.5% -18,512 -5,003 -29,632 -6,822 66,358 168,086 -60.5% Income taxes -34,148 -43,248 -21.0% -16,422 1,317 -37,739 7,723 -19,043 -13,232 43.9% Profit (loss) 8,694 88,384 -90.2% -34,934 -3,687 -67,371 901 47,315 154,854 -69.4% Profit (loss) attributable to controlling shareholders -15,075 74,576 N.A. -34,934 -3,687 -67,374 901 23,546 141,048 -83.3% Profit (loss) attributable non- controlling shareholders 23,770 13,809 72.1% 0 0 3 0 23,770 13,805 72.2% Adjusted EBITDA 267,079 339,334 -21.3% -10,262 -11,032 14,809 -17,027 288,373 341,553 -15.6% Adjusted EBITDA margin 6.7% 9.0% -226 bps -10.1% 6.1% 7.8% 7.5% 7.1% 9.0% -183 bps As Reported IAS 29 (Sept-25) IAS 29 (Sept-24) Excl. IAS 29 3Q25 3Q24 ∆ % Inflation effect Conversion effect Inflation effect Conversion effect 3Q25 3Q24 ∆ % Asset revaluation 24,550 9,069 170.7% 0 -1,077 0 -1,179 25,627 10,247 150.1% Deffered income taxes asset revaluation -6,353 -2,460 158.3% 0 377 0 413 -6,730 -2,872 134.3% Net effect from asset revaluation 18,197 6,609 175.3% 0 -700 0 -766 18,897 7,375 156.2% CLP Million As Reported IAS 29 (Sept-25) IAS 29 (Sept-24) Excl. IAS 29
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Press Release – Third Quarter 2025 | 31 Accumulated 2025 Adjusted EBITDA Calculation CLP Million 9M25 9M24 ∆ % Inflation effect Conversion effect Inflation effect Conversion effect 9M25 9M24 ∆ % Revenues 12,164,674 11,671,556 4.2% 192,278 -375,255 408,730 -298,784 12,347,651 11,561,610 6.8% Cost of Sales -8,582,383 -8,216,538 4.5% -169,850 259,541 -349,778 200,903 -8,672,074 -8,067,663 7.5% Gross Profit 3,582,291 3,455,018 3.7% 22,428 -115,714 58,952 -97,881 3,675,577 3,493,947 5.2% Gross Margin 29.4% 29.6% -15 bps 11.7% 30.8% 14.4% 32.8% 29.8% 30.2% -45 bps Selling and administrtive expenses -2,994,748 -2,785,152 7.5% -95,592 100,562 -138,478 82,391 -2,999,718 -2,729,066 9.9% Other income by function 82,680 88,488 -6.6% 137 -2,033 195 -783 84,576 89,077 -5.1% Other gain (losses) 6,177 15,182 N.A 2,326 223 16,949 -1,096 3,628 -671 N.A. Operating income 676,400 773,536 -12.6% -70,700 -16,963 -62,381 -17,369 764,063 853,287 -10.5% Participation profit/loss of associates -4,184 2,478 N.A. 0 0 0 0 -4,184 2,478 N.A. Net financial income -275,131 -272,863 0.8% 18,938 4,141 -8,267 6,349 -298,210 -270,945 10.1% Foreign exchange variations 25,623 -7,254 N.A. -763 -284 -3,298 1,545 26,670 -5,501 N.A. Result of indexation units -34,284 -94,679 -63.8% -4,441 2,278 -53,362 940 -32,121 -42,256 -24.0% Non-operating income (loss) -287,977 -372,317 -22.7% 13,734 6,135 -64,927 8,833 -307,845 -316,223 -2.6% Income before taxes 388,423 401,219 -3.2% -56,966 -10,828 -127,309 -8,536 456,218 537,064 -15.1% Income taxes -150,240 -203,659 -26.2% -56,736 1,469 -211,131 12,545 -94,972 -5,072 1772.4% Profit (loss) 238,184 197,560 20.6% -113,703 -9,359 -338,440 4,009 361,246 531,992 -32.1% Profit (loss) attributable to controlling shareholders 184,141 142,750 29.0% -113,704 -9,359 -338,460 4,009 307,204 477,201 -35.6% Profit (loss) attributable non- controlling shareholders 54,043 54,810 -1.4% 1 0 20 0 54,042 54,790 -1.4% Adjusted EBITDA 1,009,015 1,066,955 -5.4% -23,856 -22,489 -32,234 -21,218 1,055,360 1,120,407 -5.8% Adjusted EBITDA margin 8.3% 9.1% -85 bps -12.4% 6.0% -7.9% 7.1% 8.5% 9.7% -114 bps As Reported IAS 29 (Sept-25) IAS 29 (Sept-24) Excl. IAS 29 9M25 9M24 ∆ % Inflation effect Conversion effect Inflation effect Conversion effect 9M25 9M24 ∆ % Asset revaluation 60,568 64,519 -6.1% 0 -1,970 0 -662 62,538 65,181 -4.1% Deffered income taxes asset revaluation -16,914 -18,324 -7.7% 0 689 0 232 -17,603 -18,556 -5.1% Net effect from asset revaluation 43,655 46,195 -5.5% 0 -1,280 0 -430 44,935 46,625 -3.6% CLP Million As Reported IAS 29 (Sept-25) IAS 29 (Sept-24) Excl. IAS 29 CLP Million 3Q25 3Q24 % 9M25 9M24 % Profit (Loss) 47,315 154,854 -69.4% 361,246 531,992 -32.1% Net Financial Income 108,447 88,924 22.0% 298,210 270,945 10.1% Result from Indexation Units 262 12,851 -98.0% 32,121 42,256 -24.0% Foreign Exchange Variations 16,725 -32,105 N.A. -26,670 5,501 N.A. Income Taxes 19,043 13,232 43.9% 94,972 5,072 1772.4% Depreciation & Amortization 122,208 114,043 7.2% 358,019 329,822 8.5% Asset Revaluation -25,627 -10,247 150.1% -62,538 -65,181 -4.1% Adjusted EBITDA 288,373 341,553 -15.6% 1,055,360 1,120,407 -5.8%
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Press Release – Third Quarter 2025 | 32 By Business Unit 3Q25 SM SC HI DS FS Others TOTAL Net Income 170,979 98,619 14,467 -7,539 11,500 -240,712 47,315 Net financial income - - - - - 108,447 108,447 Income Taxes - - - - - 19,043 19,043 EBIT 170,979 98,619 14,467 -7,539 11,500 -113,223 174,805 Depreciation and Amortization 87,872 4,410 6,890 11,555 555 10,926 122,208 EBITDA 258,852 103,029 21,358 4,016 12,055 -102,297 297,013 Exchange Differences - - - - - 16,725 16,725 Asset revaluation - -25,776 - - - 149 -25,627 Result from Indexation Units - - - - - 262 262 Adjusted EBITDA 258,852 77,253 21,358 4,016 12,055 -85,161 288,373 3Q24 SM SC HI DS FS Others TOTAL Net Income 184,859 77,111 20,731 -4,467 17,667 -141,047 154,854 Net financial income - - - - - 88,924 88,924 Income Taxes - - - - - 13,232 13,232 EBIT 184,859 77,111 20,731 -4,467 17,667 -38,891 257,010 Depreciation and Amortization 83,622 5,033 6,424 10,147 390 8,427 114,043 EBITDA 268,480 82,144 27,155 5,680 18,057 -30,463 371,054 Exchange Differences - - - - - -32,105 -32,105 Asset revaluation - -10,400 - - - 152 -10,247 Result from Indexation Units - - - - - 12,851 12,851 Adjusted EBITDA 268,480 71,745 27,155 5,680 18,057 -49,564 341,553 9M25 SM SC HI DS FS Others TOTAL Net Income 566,333 280,381 73,864 12,894 26,092 -598,319 361,246 Net financial income - - - - - 298,210 298,210 Income Taxes - - - - - 94,972 94,972 EBIT 566,333 280,381 73,864 12,894 26,092 -205,136 754,428 Depreciation and Amortization 254,482 14,645 20,231 33,516 1,557 33,588 358,019 EBITDA 820,815 295,026 94,095 46,410 27,649 -171,548 1,112,447 Exchange Differences - - - - - -26,670 -26,670 Asset revaluation - -62,985 - - - 447 -62,538 Result from Indexation Units - - - - - 32,121 32,121 Adjusted EBITDA 820,815 232,040 94,095 46,410 27,649 -165,650 1,055,360 9M24 SM SC HI DS FS Others TOTAL Net Income 656,299 256,865 97,484 7,387 48,131 -534,174 531,992 Net financial income - - - - - 270,945 270,945 Income Taxes - - - - - 5,072 5,072 EBIT 656,299 256,865 97,484 7,387 48,131 -258,157 808,008 Depreciation and Amortization 245,797 12,699 18,870 29,640 665 22,152 329,822 EBITDA 902,096 269,563 116,354 37,028 48,795 -236,005 1,137,831 Exchange Differences - - - - - 5,501 5,501 Asset revaluation - -65,661 - - - 479 -65,181 Result from Indexation Units - - - - - 42,256 42,256 Adjusted EBITDA 902,096 203,903 116,354 37,028 48,795 -187,769 1,120,407
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Press Release – Third Quarter 2025 | 33 Consolidated Balance Sheet Details SEPT 25 DEC 24 SEPT 25 DEC 24 SEPT 25 DEC 24 Cash and cash equivalents 376,193 742,644 - - 376,193 742,644 Other financial assets, current 49,147 180,668 - - 49,147 180,668 Other non-financial assets, current 59,412 39,235 1,126 423 58,287 38,812 Trade receivables and other receivables 865,529 1,030,564 - - 865,529 1,030,564 Receivables from related entities, current 14,540 21,430 - - 14,540 21,430 Inventory 1,865,064 1,646,822 7,885 13,129 1,857,179 1,633,694 Current tax assets 123,444 75,384 - - 123,444 75,384 Non-current assets held for sale 8,200 161,702 - - 8,200 161,702 TOTAL CURRENT ASSETS 3,361,529 3,898,450 9,011 13,552 3,352,518 3,884,898 Other financial assets, non-current 224,738 236,864 - - 224,738 236,864 Other non-financial assets, non-current 31,532 29,434 1,093 1,461 30,439 27,973 Trade receivable and other receivables, non 12,650 971 - - 12,650 971 Equity method investment 347,092 333,364 - - 347,092 333,364 Intangible assets other than goodwill 858,457 857,293 8,442 12,252 850,015 845,040 Goodwill 1,999,110 1,917,682 21,490 17,104 1,977,620 1,900,578 Property, plant and equipment 4,147,965 4,123,631 644,732 745,938 3,503,233 3,377,693 Investment property 3,720,385 3,548,680 368,406 435,946 3,351,979 3,112,734 Current Tax assets, non-current 45,462 52,236 - - 45,462 52,236 Deferred income tax assets 334,789 323,471 - - 334,789 323,471 TOTAL NON-CURRENT ASSETS 11,722,180 11,423,626 1,044,163 1,212,702 10,678,017 10,210,924 TOTAL ASSETS 15,083,709 15,322,076 1,053,173 1,226,253 14,030,536 14,095,823 Assets As reported IAS29 Excl. IAS29 CLP million CLP million CLP million SEPT 25 DEC 24 SEPT 25 DEC 24 SEPT 25 DEC 24 Other financial liabilities, current 273,064 470,743 - - 273,064 470,743 Leasing Liabilities, current 207,811 200,592 - - 207,811 200,592 Trade payables and other payables 2,831,854 3,163,703 1,246 1,010 2,830,608 3,162,694 Payables to related entities, current 16,231 19,104 - - 16,231 19,104 Provisions and other liabilities 20,618 21,701 - - 20,618 21,701 Current income tax liabilities 34,480 44,704 - - 34,480 44,704 Current provision for employee benefits 195,830 173,226 - - 195,830 173,226 Other non-financial liabilities, current 79,697 70,807 - - 79,697 70,807 Liabilities for assets held for sale 3,647 84,027 - - 3,647 84,027 TOTAL CURRENT LIABILITIES 3,663,231 4,248,607 1,246 1,010 3,661,986 4,247,597 Other financial liabilities, non-current 4,335,161 4,009,255 - - 4,335,161 4,009,255 Leasing Liabilities, non-current 993,775 1,026,884 - - 993,775 1,026,884 Trade accounts payable, non-current 3,305 4,291 - - 3,305 4,291 Other provisions, non-current 67,026 59,650 16,761 19,467 50,265 40,183 Deferred income tax liabilities 625,910 600,181 351,088 417,553 274,822 182,628 Provision for employee benefits, non-current 7,960 14,004 - - 7,960 14,004 Current taxes liabilities, non-current 1,003 2,031 - - 1,003 2,031 Other non-financial liabilities, non-current 50,500 45,877 - - 50,500 45,877 TOTAL NON-CURRENT LIABILITIES 6,084,639 5,762,173 367,850 437,020 5,716,790 5,325,153 TOTAL LIABILITIES 9,747,870 10,010,780 369,095 438,030 9,378,775 9,572,750 Paid-in Capital 2,343,320 2,343,320 - - 2,343,320 2,343,320 Retained earnings (accumulated losses) 2,457,138 2,318,984 -91,268 -322,502 2,548,406 2,641,485 Issuance premium 457,665 458,902 - - 457,665 458,902 Treasury stock -161,831 -101 - - -161,831 -101 Other reserves -403,061 -442,055 775,346 1,110,725 -1,178,407 -1,552,780 Net equity attributable to controlling 4,693,230 4,679,049 684,078 788,224 4,009,152 3,890,826 Non-controlling interest 642,609 632,247 - - 642,609 632,247 TOTAL NET EQUITY 5,335,839 5,311,297 684,078 788,224 4,651,761 4,523,073 TOTAL LIABILITIES AND NET EQUITY 15,083,709 15,322,076 1,053,173 1,226,253 14,030,536 14,095,823 Liabilities CLP million CLP million CLP million As reported IAS29 Excl. IAS29
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Press Release – Third Quarter 2025 | 34 Balance Sheet by Country SEPT 25 DEC 24 % SEPT 25 DEC 24 % SEPT 25 DEC 24 % Chile 6,570,158 6,593,242 -0.4% 6,348,258 6,472,455 -1.9% 1,272,693 1,233,329 3.2% Argentina 2,069,556 2,305,014 -10.2% 889,450 970,744 -8.4% 1,268,837 1,419,213 -10.6% United States 1,842,068 1,939,057 -5.0% 1,103,885 1,162,657 -5.1% 69,193 64,235 7.7% Brazil 1,150,517 1,168,016 -1.5% 649,579 606,869 7.0% 488,122 505,765 -3.5% Peru 1,739,863 1,702,651 2.2% 456,775 499,052 -8.5% 1,054,215 989,454 6.5% Colombia 1,613,971 1,518,714 6.3% 289,214 289,923 -0.2% 1,071,312 1,017,513 5.3% Uruguay 97,577 95,382 2.3% 10,709 9,081 17.9% 111,469 81,788 36.3% Total 15,083,709 15,322,076 -1.6% 9,747,870 10,010,780 -2.6% 5,335,839 5,311,297 0.5% IAS 29 1,053,173 1,226,253 -14.1% 369,095 438,030 -15.7% 684,078 788,224 -13.2% Excl. IAS 29 14,030,536 14,095,823 -0.5% 9,378,775 9,572,750 -2.0% 4,651,761 4,523,073 2.8% Total Assets Total Liabilities Total Net Equity
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Press Release – Third Quarter 2025 | 35 Consolidated Cash Flow Details Cash flows from operating activities Sept 25 Sept 24 Collections from sales of goods and provision of services 14,483,153 14,505,047 Other charges for operating activities 26,126 29,644 Payments to suppliers for the supply of goods and services -11,779,687 -11,568,032 Payments to and on behalf of employees -1,696,203 -1,669,274 Other payments for operating activities -503,862 -540,402 Income taxes paid (refunded) -136,604 -157,353 Other cash inflows (outflows) 3,118 -2,837 Cash flows from operating activities 396,042 596,793 Cash flows from investing activities Sept 25 Sept 24 Cash flows used to obtain control of subsidiaries or other businesses -126,294 - Amounts from sales of property, plant and equipment 577 2,023 Purchases of property, plant and equipment -342,180 -257,893 Purchases of intangible assets -35,149 -58,945 Dividends received 4,843 17,388 Interest received 21,172 90,136 Other cash inflows (outflows) 240,075 2,664 Cash flows from investing activities -236,957 -204,627 Flujos de efectivo procedentes de actividades de financiación SEPT 25 SEPT 24 Pagos por rescatar o adquirir acciones de la entidad -164,142 -2,084 Importes procedentes de préstamos de largo plazo 866,471 881,951 Importes procedentes de préstamos de corto plazo 811,433 193,086 Reembolsos de préstamos -1,251,441 -1,010,259 Pagos de pasivos por arrendamientos -211,292 -204,628 Dividendos pagados -41,941 -58,922 Intereses pagados -177,423 -163,911 Otras entradas (salidas) de efectivo -335,946 -35,516 Flujos de efectivo procedentes de actividades de financiación -504,281 -400,283 Incremento (disminución) en el efectivo y equivalentes al efectivo, antes del efecto de los cambios en la tasa de cambio -345,196 -8,118 Efectos de la variación en la tasa de cambio sobre el efectivo y equivalentes al efectivo -21,255 24,509 Incremento (disminución) de efectivo y equivalentes al efectivo -366,451 16,391 Efectivo y equivalentes al efectivo al principio del período 742,644 483,126 Efectivo y equivalentes al efectivo al final del período 376,193 499,517
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Press Release – Third Quarter 2025 | 36 Openings and Closures 9M25 by Country Openings Remodelings Closures 9M25 # M2 # # M2 Chile 2 2,250 14 2 597 Argentina 1 1,766 24 - - USA 6 8,554 - 1 1,301 Brazil 2 5,825 7 6 7,042 Peru - - - 1 1,171 Colombia 1 1,204 14 12 1,696 Total 12 19,599 59 22 11,808
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Press Release – Third Quarter 2025 | 37 2. Business Performance Supermarkets and Others Income Statement 3Q25 3Q24 9M25 9M24 ∆ % ∆ LC % ∆ % ∆ LC % Chile 1,278,498 1,255,967 1.8% 1.8% 3,745,007 3,651,242 2.6% 2.6% Argentina 578,672 470,514 23.0% 67.5% 1,819,421 1,367,188 33.1% 72.7% USA 490,652 453,543 8.2% 5.1% 1,552,019 1,417,131 9.5% 7.3% Brazil 376,296 401,348 -6.2% -10.6% 1,136,439 1,345,265 -15.5% -10.2% Peru 325,257 291,973 11.4% 1.7% 958,117 887,409 8.0% 2.4% Colombia 227,239 201,701 12.7% 6.5% 658,561 647,153 1.8% 3.7% Revenues 3,276,614 3,075,045 6.6% N.A. 9,869,564 9,315,389 5.9% N.A. Chile 336,878 341,359 -1.3% -1.3% 1,022,525 1,010,634 1.2% 1.2% Argentina 158,841 131,008 21.2% 65.1% 499,332 423,277 18.0% 54.1% USA 186,919 172,879 8.1% 5.1% 590,296 546,803 8.0% 5.8% Brazil 81,322 78,638 3.4% -1.5% 236,301 267,058 -11.5% -5.9% Peru 80,758 71,517 12.9% 3.0% 237,130 216,331 9.6% 4.0% Colombia 48,097 41,733 15.2% 8.8% 139,116 132,726 4.8% 6.9% Gross Profit 892,816 837,135 6.7% N.A. 2,724,700 2,596,830 4.9% N.A. SG&A -724,925 -656,328 10.5% N.A. -2,166,368 -1,949,248 11.1% N.A. Operating Profit 170,953 184,856 -7.5% N.A. 566,376 657,517 -13.9% N.A. Adjusted EBITDA 258,852 268,480 -3.6% N.A. 820,815 902,096 -9.0% N.A. Adj. EBITDA Margin 7.9% 8.7% 8.3% 9.7%-83 bps -137 bps Supermarkets Var. vs 2024 Var. vs 2024 CLP MM CLP MM
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Press Release – Third Quarter 2025 | 38 Supermarkets and Others Operational Data 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 252 252 66.7% 66.4% 612,962 621,124 Argentina 279 277 55.9% 55.6% 425,441 422,439 USA 172 161 100.0% 100.0% 214,498 201,530 Brazil 119 157 91.6% 93.0% 269,783 361,468 Peru 69 69 59.4% 59.4% 209,933 208,903 Colombia 80 78 18.8% 17.9% 339,789 345,448 Total 971 994 68.1% 68.7% 2,072,405 2,160,912 Supermarkets N° of Stores % Leased Selling Space (sqm) 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Argentina 28 N.A. 15.1% N.A. 138,036 N.A. Brazil 43 58 90.7% 91.4% 153,133 190,493 Peru 18 18 27.8% 27.8% 43,629 43,629 Total 89 76 54.2% 76.3% 334,798 234,122 Cash&Carry N° of Stores % Leased Selling Space (sqm) 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 37 36 97.3% 97.2% 6,516 6,349 Brazil 7 10 100.0% 100.0% 902 1,253 Colombia - 13 0% 100% - 1,776 Total 44 59 97.7% 98.3% 7,419 9,379 Convenience N° of Stores % Leased Selling Space (sqm) 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Brazil 140 149 94.3% 94.6% 15,526 17,863 Colombia 37 37 8.1% 8.1% 18,490 18,490 Total 177 186 76.3% 77.4% 34,017 36,353 Others N° of Stores % Leased Selling Space (sqm)
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Press Release – Third Quarter 2025 | 39 Supermarkets and Others Same Store Sales (15) Supermarkets Online Sales Evolution (Variation in Local Currency) (15) Total Supermarkets SSS does not include Makro and Basualdo stores, and the Cash & Carry SSS in Argentina is included for reference purposes only. 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 0.5% 3.2% -0.7% 2.0% 1.3% 1.2% Argentina 31.8% 193.9% -12.6% -13.5% 46.1% 239.8% USA -0.2% 0.9% -2.2% 1.2% 2.1% -0.3% Brazil 0.4% -4.3% -3.9% -5.7% 4.4% 1.4% Peru -0.2% 0.6% -1.1% 5.1% 1.0% -4.3% Colombia 6.0% -10.1% -5.4% -7.7% 12.0% -2.6% Total Supermarkets SSS SS Tickets Average Tickets 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 0.5% 3.1% -1.2% 1.9% 1.7% 1.2% Argentina 31.8% 193.9% 0.4% -13.5% 31.3% 239.8% USA -0.2% 0.9% -2.2% 1.2% 2.1% -0.3% Brazil 2.6% -4.3% -0.7% -5.3% 3.3% 1.0% Peru -1.1% 1.1% -1.2% 5.5% 0.1% -4.2% Colombia 6.0% -10.1% -5.4% -7.8% 12.0% -2.6% Supermarkets SSS SS Tickets Average Tickets 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Argentina 13.6% N.A. -12.8% N.A. 30.3% N.A. Brazil -3.2% -4.4% -13.9% -7.1% 12.5% 2.9% Peru 4.7% -1.4% -0.8% 2.0% 5.5% -3.4% Cash&Carry SSS SS Tickets Average Tickets 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 12.3% 86.6% 24.5% 22.9% -9.8% 51.8% Brazil 29.3% 4.4% 35.6% 4.0% -4.7% 0.4% Colombia N.A. -9.5% N.A. -6.6% N.A. -3.1% Convenience SSS SS Tickets Average Tickets 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Brazil 10.0% -6.1% -4.4% -7.1% 15.1% 1.1% Colombia 2.6% 4.7% 6.9% -0.1% -4.0% 4.8% Others SSS SS Tickets Average Tickets Supermarkets 9M25 3Q24 2Q24 1Q25 12M24 4Q24 3Q24 2Q24 1Q24 Chile 10.5% 10.1% 10.1% 11.5% 5.1% 8.2% 4.4% 2.7% 5.0% Argentina 55.9% 89.3% 38.7% 31.9% 136.6% 63.7% 171.5% 219.4% 198.8% USA 22.5% 15.4% 24.8% 27.5% 30.6% 23.8% 34.7% 31.6% 34.1% Brazil -9.0% 2.3% -9.1% -18.2% 22.7% 1.6% -0.6% 39.4% 71.5% Peru 33.8% 27.8% 35.5% 39.4% 7.0% 21.6% 12.9% 3.9% 3.7% Colombia 10.7% 12.6% 5.9% 13.9% -29.3% 1.0% -17.7% -15.7% -51.9%
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Press Release – Third Quarter 2025 | 40 Home Improvement Income Statement Home Improvement Operational Data Home Improvement Same Store Sales Home Improvement Online Sales Evolution (Variation in Local Currency) 3Q25 3Q24 9M25 9M24 ∆ % ∆ LC % ∆ % ∆ LC % Chile 178,582 178,124 0.3% 0.3% 583,252 561,253 3.9% 3.9% Argentina 167,597 177,703 -5.7% 28.3% 552,161 491,058 12.4% 44.5% Colombia 21,042 16,236 29.6% 22.7% 60,011 57,363 4.6% 6.9% Revenues 367,221 372,063 -1.3% N.A. 1,195,424 1,109,674 7.7% N.A. Chile 45,651 47,690 -4.3% -4.3% 157,244 156,801 0.3% 0.3% Argentina 66,699 69,552 -4.1% 30.4% 215,469 218,042 -1.2% 28.3% Colombia 4,846 3,927 23.4% 16.7% 13,793 11,656 18.3% 20.7% Gross Profit 117,196 121,169 -3.3% N.A. 386,506 386,500 0.0% N.A. SG&A -102,815 -100,699 2.1% N.A. -313,231 -289,348 8.3% N.A. Operating Profit 14,467 20,731 -30.2% N.A. 73,864 97,484 -24.2% N.A. Adjusted EBITDA 21,358 27,155 -21.3% N.A. 94,095 116,354 -19.1% N.A. Mg Adj. EBITDA 5.8% 7.3% 7.9% 10.5%-148 bps -261 bps Home Improvement Var. vs 2024 Var. vs 2024 CLP MM CLP MM 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 41 41 14.6% 14.6% 350,395 350,395 Argentina 60 60 26.7% 26.7% 385,455 385,455 Colombia 16 16 6.3% 6.3% 89,052 87,731 Total 117 117 19.6% 19.6% 824,902 823,581 N° of Stores Selling Space (sqm)% Leased 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile -0.3% 7.8% -2.2% 6.0% 1.9% 1.8% Argentina 28.4% 167.6% 12.3% -39.0% 14.3% 338.5% Colombia 23.0% -12.9% 2.5% -13.9% 20.0% 1.2% SSS SS Tickets Average Tickets Home Improvement 9M25 3Q24 2Q24 1Q25 12M24 4Q24 3Q24 2Q24 1Q24 Chile 4.5% 5.4% 1.2% 8.1% -2.2% -7.8% 0.1% 1.5% -0.9% Argentina 8.2% 17.6% 8.5% -1.7% 138.2% 61.8% 159.9% 181.2% 364.9% Colombia 17.7% 16.3% 7.0% 29.2% 26.2% 24.9% 26.4% 42.9% 14.7%
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Press Release – Third Quarter 2025 | 41 Department Stores Income Statement Department Stores Operation Data Department Stores Same Store Sales Department Stores Online Sales Evolution (Variation in Local Currency) 3Q25 3Q24 9M25 9M24 ∆ % ∆ LC % ∆ % ∆ LC % Chile 246,746 234,792 5.1% 5.1% 847,502 774,310 9.5% 9.5% Revenues 246,746 234,792 5.1% 5.1% 847,502 774,310 9.5% 9.5% Chile 63,016 59,816 5.3% 5.3% 231,385 208,084 11.2% 11.2% Gross Profit 63,016 59,816 5.3% 5.3% 231,385 208,084 11.2% 11.2% SG&A -74,893 -68,538 9.3% 9.3% -231,822 -214,060 8.3% 8.3% Operating Profit -7,539 -4,467 68.8% 68.8% 12,894 7,387 74.5% 74.5% Adjusted EBITDA 4,016 5,680 -29.3% -29.3% 46,410 37,028 25.3% 25.3% Mg Adj. EBITDA 1.6% 2.4% 5.5% 4.8% Department Stores Var. vs 2024 Var. vs 2024 CLP MM CLP MM -79 bps 69 bps 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 48 48 62.6% 62.5% 268,524 273,443 N° of Stores % Leased Selling Space (sqm) 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Chile 7.3% 9.5% 2.4% 4.6% 4.8% 4.7% SSS SS Tickets Average Tickets Department Stores 9M25 3Q24 2Q24 1Q25 12M24 4Q24 3Q24 2Q24 1Q24 Chile 0.1% 1.8% 0.5% -1.9% 2.8% 2.8% -4.2% 5.4% 5.8%
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Press Release – Third Quarter 2025 | 42 Shopping Centers Income Statement Shopping Centers Operational Data N° of Shopping Centers Selling Space (sqm) Occupancy Rate 3Q25 3Q24 3Q25 3Q24 3Q25 3Q24 Cenco Malls 34 33 1,193,033 1,183,764 99.0% 99.0% Towers N.A. N.A. 90,000 65,000 81.6% 81.7% Non-IPO Locations 2 2 18,970 18,969 95.0% 94.6% Chile 36 35 1,302,053 1,267,733 97.8% 98.1% Cenco Malls 3 3 60,413 60,534 89.1% 89.5% Non-IPO Locations 3 3 92,865 92,865 96.2% 92.7% Peru 6 6 152,278 153,399 93.4% 91.4% Cenco Malls 4 4 74,959 62,815 84.7% 92.1% Non-IPO Locations N.A. N.A. 46,176 46,176 N.A. N.A. Colombia 4 4 121,135 108,991 84.7% 92.1% Argentina 22 22 745,356 745,356 91.9% 92.6% Shopping Centers 68 67 2,321,821 2,275,479 95.1% 95.6% 3Q25 3Q24 9M25 9M24 ∆ % ∆ LC % ∆ % ∆ LC % Chile 66,143 60,694 9.0% 9.0% 194,334 177,863 9.3% 9.3% Argentina 21,826 21,619 1.0% 37.2% 67,563 54,036 25.0% 61.1% Peru 8,469 7,345 15.3% 5.3% 23,986 22,103 8.5% 2.8% Colombia 3,511 2,733 28.5% 21.2% 9,936 8,750 13.6% 15.7% Revenues 99,950 92,390 8.2% N.A. 295,818 262,752 12.6% N.A. Chile 62,203 57,316 8.5% 8.5% 183,024 167,079 9.5% 9.5% Argentina 17,188 16,669 3.1% 40.3% 53,919 42,897 25.7% 62.0% Peru 6,459 6,117 5.6% -3.7% 18,571 17,951 3.5% -2.1% Colombia 3,449 2,594 32.9% 25.3% 9,642 8,332 15.7% 17.9% Gross Profit 89,297 82,697 8.0% N.A. 265,156 236,259 12.2% N.A. SG&A -16,455 -15,986 2.9% N.A. -47,761 -45,123 5.8% N.A. Operating Profit 98,619 77,111 27.9% N.A. 280,381 256,865 9.2% N.A. Adjusted EBITDA 77,253 71,745 7.7% N.A. 232,040 203,903 13.8% N.A. Mg Adj. EBITDA 77.3% 77.7% 78.4% 77.6%-36 bps 84 bps Shopping Centers Var. vs 2024 Var. vs 2024 CLP MM CLP MM
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Press Release – Third Quarter 2025 | 43 Operational Data by Country Chile Argentina 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Portal Talcahuano 1,439 1,438 0.0% 6,210 6,210 0.0% 7,649 7,648 0.0% N.A. N.A. N.A. Portal Valdivia 3,704 3,704 0.0% 7,617 7,617 0.0% 11,321 11,321 0.0% N.A. N.A. N.A. Trascaja N.A. N.A N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Cenco Malls 464,437 433,907 7.0% 818,646 814,856 0.5% 1,283,083 1,248,764 2.7% 31,625 31,166 1.5% TOTAL CHILE 469,580 439,050 7.0% 832,473 828,683 0.5% 1,302,053 1,267,733 2.7% 31,625 31,166 1.5% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Portal Talcahuano 1,022 892 14.5% 4,871 4,757 2.4% 5,892 5,649 4.3% 180 214 -16.0% Portal Valdivia 2,472 2,337 5.8% 10,189 10,201 -0.1% 12,661 12,538 1.0% 267 304 -12.3% Trascaja N.A N.A N.A. N.A N.A N.A. N.A. N.A. N.A. 8,192 13,532 -39.5% Cenco Malls 388,473 370,083 5.0% 732,513 714,413 2.5% 1,120,986 1,084,496 3.4% 57,505 46,643 23.3% TOTAL CHILE 391,967 373,074 5.1% 730,084 729,371 0.1% 1,139,540 1,102,683 3.3% 66,143 60,694 9.0% Visits (Thousand) 3rd Parties Sales (CLP million) Related Parties Sales (CLP million) Sales (CLP million) 3P Revenues (CLP million) GLA Third Parties GLA Related Parties GLA TOTAL 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Unicenter 77,085 77,085 0.0% 18,901 18,901 0.0% 95,986 95,986 0.0% 3,995 3,820 4.6% Portal Plaza Oeste 19,906 19,906 0.0% 22,612 22,612 0.0% 42,518 42,518 0.0% 1,274 1,227 3.8% Portal Palmas del Pliar 37,416 37,416 0.0% 37,005 37,005 0.0% 74,421 74,421 0.0% 1,608 1,590 1.1% Portal Rosario 40,182 40,182 0.0% 29,298 29,298 0.0% 69,480 69,480 0.0% 783 761 2.9% Portal Patagonia 9,789 9,789 0.0% 28,134 28,134 0.0% 37,922 37,922 0.0% 938 946 -0.8% Portal Lomas 8,201 8,201 0.0% 27,353 27,353 0.0% 35,554 35,554 0.0% 885 938 -5.6% Portal Tucuman 10,371 10,371 0.0% 21,439 21,439 0.0% 31,810 31,810 0.0% 828 794 4.2% Portal Escobar 4,410 4,410 0.0% 29,607 29,607 0.0% 34,016 34,016 0.0% N.A. N.A. N.A. Portal los Andes 3,390 3,390 0.0% 29,456 29,456 0.0% 32,846 32,846 0.0% N.A. N.A. N.A. Portal Trelew 7,213 7,213 0.0% 15,682 15,682 0.0% 22,895 22,895 0.0% N.A. N.A. N.A. Portal Salta 5,635 5,635 0.0% 18,464 18,464 0.0% 24,099 24,099 0.0% 580 552 5.1% Portal Santiago Del Estero 5,461 5,461 0.0% 11,737 11,737 0.0% 17,198 17,198 0.0% N.A. N.A. N.A. Power Center / Others 50,447 50,447 0.0% 176,164 176,164 0.0% 226,611 226,611 0.0% 1,362 1,370 -0.6% TOTAL ARGENTINA 279,505 279,505 0.0% 465,851 465,851 0.0% 745,356 745,356 0.0% 12,253 11,997 2.1% GLA Third Parties GLA Related Parties GLA TOTAL Visits (Thousand) 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Unicenter 151,037 125,117 20.7% 17,611 17,611 26.1% 173,243 142,727 21.4% 13,385 9,643 38.8% Portal Plaza Oeste 32,749 24,864 31.7% 9,089 6,815 33.4% 41,838 31,680 32.1% 2,541 1,812 40.2% Portal Palmas del Pliar 32,714 25,690 27.3% 28,191 21,481 31.2% 60,904 47,171 29.1% 2,787 2,076 34.3% Portal Rosario 18,720 14,878 25.8% 10,438 8,079 29.2% 29,158 22,957 27.0% 919 753 22.0% Portal Patagonia 21,204 18,403 15.2% 27,373 19,075 43.5% 48,577 37,477 29.6% 1,603 1,210 32.4% Portal Lomas 9,456 8,704 8.6% 13,305 10,660 24.8% 22,761 19,364 17.5% 699 612 14.2% Portal Tucuman 15,075 12,860 17.2% 12,346 9,100 35.7% 27,421 21,960 24.9% 1,422 980 45.0% Portal Escobar 4,265 3,185 33.9% 15,586 12,684 22.9% 19,852 15,869 25.1% 247 207 18.9% Portal los Andes 7,057 6,415 10.0% 15,470 12,228 26.5% 22,527 18,643 20.8% 392 407 -3.8% Portal Trelew 7,277 5,813 25.2% 5,569 4,564 22.0% 12,846 10,377 23.8% 512 395 29.8% Portal Salta 6,549 5,391 21.5% 11,643 9,249 25.9% 18,191 14,640 24.3% 561 388 44.5% Portal Santiago Del Estero 5,009 3,112 61.0% 8,140 5,943 37.0% 13,149 9,055 45.2% 333 230 44.9% Power Center / Others 58,066 44,859 29.4% 100,211 78,762 27.2% 158,277 123,620 28.0% 4,498 3,079 46.1% TOTAL ARGENTINA 369,180 299,290 23.4% 279,565 216,250 29.3% 648,745 515,541 25.8% 29,898 21,793 37.2% 3rd Parties Sales (ARS million) 3P Revenues (ARS million)Related Parties Sales (ARS million) Sales (ARS million)
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Press Release – Third Quarter 2025 | 44 Peru Colombia 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Plaza Lima Sur 43,634 43,634 0.0% 32,263 32,263 0.0% 75,897 75,897 0.0% Balta 1,031 1,031 0.0% 6,050 6,050 0.0% 7,081 7,081 0.0% Plaza Camacho 9,451 9,451 0.0% 436 436 0.0% 9,887 9,887 0.0% Trascaja N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Cenco Malls 35,723 34,699 3.0% 24,690 25,835 -4.4% 60,413 60,534 -0.2% TOTAL PERU 89,839 88,815 1.2% 63,439 64,584 -1.8% 153,278 153,399 -0.1% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Plaza Lima Sur 2,559 2,634 -2.8% 97 99 -2.5% 8.6 8.6 -0.2% Balta N.A. N.A. N.A. 26 27 -4.2% 0.7 0.7 -2.1% Plaza Camacho N.A. N.A. N.A. 4 5 -18.4% 0.7 0.7 -4.2% Trascaja N.A. N.A. N.A. N.A. N.A. N.A. 16.1 14.4 12.1% Cenco Malls 1,658 1,054 57.3% 106 110 -3.4% 5.1 5.2 -2.2% TOTAL PERU 4,217 3,688 14.4% 233 242 -3.4% 31 30 5.3% 3P Revenues (PEN million) GLA Related Parties GLA TOTALGLA Third Parties Sales (PEN million)Visits (Thousand) 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Trascaja 46,176 46,176 0.0% N.A. - N.A. 46,176 46,176 0.0% Cenco Malls 24,845 12,232 103.1% 50,115 50,583 -0.9% 74,959 62,815 19.3% TOTAL COLOMBIA 71,021 58,408 21.6% 50,115 50,583 -0.9% 121,135 108,991 11.1% 3Q25 3Q24 Var% 3Q25 3Q24 Var% 3Q25 3Q24 Var% Trascaja N.A. N.A. N.A. N.A. N.A. N.A. 12,944 10,246 26.3% Cenco Malls 365 296 23.2% 93,931 83,431 12.6% 1,677 1,822 -8.0% TOTAL COLOMBIA 365 296 23.2% 93,931 83,431 12.6% 14,621 12,068 21.2% 3P Revenues (COP million) GLA Related Parties GLA TOTAL Visits (Thousand) Sales (COP million) GLA Third Parties
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Press Release – Third Quarter 2025 | 45 Financial Services Income Statement 3Q25 3Q24 9M25 9M24 ∆ % ∆ LC % ∆ % ∆ LC % Argentina 38,625 30,071 28.4% 75.1% 110,511 89,498 23.5% 61.0% Brazil - 418 N.A. N.A. - 1,079 N.A. N.A. Colombia 813 -177 N.A. N.A. 2,311 -1,120 -306.2% -310.2% Revenues 39,438 30,312 30.1% N.A. 112,821 89,456 26.1% N.A Argentina 15,493 16,553 -6.4% 27.4% 48,989 59,844 -18.1% 6.7% Brazil - 418 N.A. N.A. - 1,079 N.A. N.A. Colombia 813 -177 N.A. N.A. 2,311 -1,120 N.A. N.A. Gross Profit 16,306 16,795 -2.9% N.A. 51,300 59,803 -14.2% N.A. SG&A -6,540 -5,788 13.0% N.A. -21,063 -15,369 37.1% N.A. Operating Profit 9,766 11,007 -11.3% N.A. 30,233 44,434 -32.0% N.A. Participation in associates 1,735 6,660 -74.0% N.A. -4,141 3,697 N.A. N.A. Dep & Amortizations 555 390 42.1% N.A. 1,557 665 134.2% N.A. Adjusted EBITDA 12,055 18,057 -33.2% N.A. 27,649 48,795 -43.3% N.A. Adj. EBITDA mg. 30.6% 59.6% 24.5% 54.5%-2900 bps -3004 bps Financial Services Var. vs 2024 Var. vs 2024 CLP MM CLP MM
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Press Release – Third Quarter 2025 | 46 Financial Indicators (16) (16) Financial indicators for Brazil are not included due to the termination of the Joint Venture agreement with Bradesco. CHILE 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 Net Loan Portfolio (CLP million) 2,097,006 2,057,749 1,996,518 1,988,618 1,883,802 1,885,441 1,852,253 Provisions over expired portfolio 2.3 2.5 2.4 2.2 2.1 2.2 2.0 Debt balance >90 (%) 4.7% 4.4% 4.5% 4.3% 4.5% 4.4% 4.9% Gross Write-offs (CLP million) 183,119 118,949 56,878 208,869 152,445 100,501 45,581 Recoveries (CLP million) 17,947 11,361 5,496 20,283 15,533 10,631 4,874 Net Write-offs (CLP million) 165,172 107,589 51,381 188,586 136,912 89,870 40,708 Anualized Net Write-offs / Average balance period (%) 10.8% 10.7% 10.3% 10.0% 9.8% 9.7% 8.8% Renegotiated portfolio (%) 22.1% 22.6% 23.5% 23.6% 24.9% 24.3% 23.5% % of Sales w/Credit Cards over Total Sales Supermarkets 6.4% 6.2% 6.1% 6.4% 6.4% 6.4% 6.1% Department Stores 23.7% 26.1% 18.9% 25.8% 23.1% 27.5% 24.6% Home Improvement 10.1% 10.0% 9.2% 10.8% 9.2% 9.0% 8.9% ARGENTINA 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 Net Loan Portfolio (ARS thousand) 283,709,976 273,799,198 226,708,069 211,048,286 178,694,706 174,829,198 135,619,456 Provisions over expired portfolio 1.1 1.2 1.2 1.4 1.4 1.8 2.1 Debt balance >90 (%) 7.3% 5.1% 5.2% 3.8% 4.2% 2.6% 2.0% Gross Write-offs (ARS thousand) 28,183,296 16,322,409 6,915,545 14,418,157 8,505,749 4,071,395 1,686,161 Recoveries (ARS thousand) 4,905,138 2,274,887 1,243,527 3,097,933 2,124,117 1,010,390 417,509 Net Write-offs (ARS thousand) 23,278,158 14,047,522 5,672,018 11,320,224 6,381,632 3,061,005 1,268,651 Anualized Net Write-offs / Average period balance (%) 12.1% 11.7% 10.3% 7.2% 5.9% 4.7% 4.7% Renegotiated portfolio (%) 5.1% 4.0% 4.2% 3.5% 3.9% 2.6% 1.8% % of Sales w/Credit Cards over Total Sales Supermarkets 8.4% 8.0% 8.3% 8.3% 8.3% 8.8% 8.3% Home Improvement 22.3% 21.4% 22.0% 21.0% 21.7% 21.2% 19.0% PERU 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 Net Loan Portfolio (PEN thousand) 481,977 491,392 501,981 506,032 488,851 514,873 520,587 Provisions over expired portfolio 1.7 1.8 1.9 1.9 1.9 1.8 2.0 Debt balance >90 (%) 3.3% 3.5% 3.4% 3.6% 4.2% 5.1% 4.4% Gross Write-offs (PEN thousand) 57,424 37,810 19,201 100,833 80,197 51,592 25,609 Recoveries (PEN thousand) 11,062 7,180 3,926 14,540 10,839 6,542 3,186 Net Write-offs (PEN thousand) 46,362 30,630 15,275 86,294 69,359 45,050 22,423 Anualized Net Write-offs / Average period balance (%) 12.5% 12.3% 12.2% 17.0% 18.0% 17.3% 17.1% Renegotiated portfolio (%) 3.8% 3.9% 3.9% 4.3% 4.7% 4.5% 4.0% % of Sales w/Credit Cards over Total Sales Supermarkets 9.1% 8.8% 8.9% 9.4% 9.6% 9.7% 9.8% COLOMBIA 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 Net Loan Portfolio (COP million) 1,173,200 1,137,261 1,108,891 888,429 934,400 983,381 984,930 Provisions over expired portfolio 2.9 2.5 2.3 2.1 1.9 1.9 2.1 Debt balance >90 (%) 2.0% 2.6% 2.8% 3.4% 4.2% 4.2% 3.7% Gross Write-offs (COP million) 92,417 64,981 33,530 40,775 41,719 71,780 34,247 Recoveries (COP million) 7,224 5,239 2,743 2,405 2,033 3,854 2,003 Net Write-offs (COP million) 85,193 59,742 30,787 38,370 39,686 67,925 32,243 Anualized Net Write-offs / Average period balance (%) 9.7% 10.5% 11.1% 4.3% 5.6% 13.7% 13.0% Renegotiated portfolio (%) 3.3% 4.1% 4.8% 6.0% 6.8% 6.9% 6.9% % of Sales w/Credit Cards over Total Sales Supermarkets 16.4% 16.7% 16.8% 18.5% 19.6% 20.3% 19.7% Home Improvement 13.4% 13.6% 13.7% 12.9% 13.1% 13.7% 13.0%
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Press Release – Third Quarter 2025 | 47 3. Macroeconomic Indicators Exchange Rate Total and Food Inflation Total Food and Non-Alcoholic Drinks País 3Q25 3Q24 3Q25 3Q24 Chile 4.4% 4.1% 4.9% 3.3% Argentina 31.8% 209.0% 27.3% 201.4% USA 3.0% 2.4% 3.1% 2.3% Brazil 5.2% 4.4% 6.6% 5.9% Peru 1.4% 0.7% 1.4% 0.7% Colombia 5.2% 5.8% 6.2% 2.7% 3Q25 3Q24 % change 3Q25 3Q24 % change Sept 25 Sep 24 % change CLP/USD 962.39 897.68 7.2% 968.16 918.48 5.4% 963.54 925.07 4.2% CLP/ARS 0.70 0.92 -23.9% 0.71 0.96 -26.3% 0.83 1.30 -35.6% CLP/BRL 180.94 164.78 9.8% 177.72 164.54 8.0% 168.92 178.13 -5.2% CLP/PEN 277.46 242.61 14.4% 274.32 246.63 11.2% 264.29 246.35 7.3% CLP/COP 0.25 0.21 19.0% 0.24 0.22 9.1% 0.23 0.23 -0.4% CLP/URU 24.17 21.65 11.6% 24.21 22.61 7.1% 23.19 23.58 -1.7% End of Period Average LTM
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Press Release – Third Quarter 2025 | 48 4. Glossary ARS: Argentine Peso BRL: Brazilian real Inflation Adjustment: IAS 29 accounting standard that considers the Hyperinflation Adjustment in Argentina Cash & Carry: wholesale/retail supermarket stores CLP: Chilean Peso Convenience: convenience or proximity stores, branded as SPID COP: Colombian Peso Gross Financial Debt (GFD): other current and non-current financial liabilities + financial and non-financial lease liabilities Net Financial Debt (NFD): Goss Financial Debt – cash and cash equivalents – current and non - current financial assets Inventory Days: Inventory / Cost of Sales LTM *365 days Average Collection Days: Accounts Receivable / Revenue * tax (19%) * 365 days EBITDA: Net Income + Current Tax + Net Financial Cost + Depreciation and Amortization Adjusted EBITDA: EBITDA – Asset revaluation + Exchange Rate variations + results of indexation units Adjusted EBITDA Margin: Adjusted EBITDA / Revenues GLA (Gross Leasable Area): gross leasable area, the square meters of space available for lease IAS 29: Accounting standard that describes the financial reporting treatment in countries experiencing hyperinflation. IFRS 16: Financial/accounting standard that regulates the accounting treatment of operating leases by recognizing them as assets rather than operating expenses. Gross Leverage: gross financial debt / Adjusted EBITDA, excluding one-offs for the period Net Distributable Income: Net Income (loss) attributable to controlling + inflation (IAS 29) + Net effect of Asset revaluation Net Leverage: net financial debt / Adjusted EBITDA, excluding one-offs for the period LTM (Last Twelve Months): last twelve months HI: Home Improvement MM / Bn: millions / billions LC (Local Currency): considers the currency of the country analyzed PEN: Peruvian Sol Online Penetration: includes the entire online channel, both own and last milers Reported: results including the inflation adjustment in Argentina FS: Financial Services SM: Supermarkets SSS (Same Store Sales): sales from the same physical stores in both periods, which were open at least 2/3 of the quarter. Excludes remodels, closures, or store openings SS Tickets: the number of times a customer purchases in -store. Corresponds to the same stores open in both periods Occupancy Rates: occupied square meters of premises over the total square meters of premises available for lease TFM: The Fresh Market DS: Department Stores UF: unit of accounting in Chile, indexed for inflation USD: United States Dollars
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| 49 Press Release - Segundo trimestre 2025