Earnings release
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Financial Results Plaza S.A. Third Quarter 2025 Mallplaza Egaña.
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Letter from the Chief Executive Officer 2 Fernando de Peña Mallplaza CEO In my final letter as General Manager, I want to express my deepest gratitude to everyone who has been a part of this story/journey. It has been 35 years of collaboratively building a unique company, which today projects itself with more strength than ever as the principal urban centers platform in the Andean region and a Latin American benchmark in growth, focused on creating value and improving the lives of millions of people who choose us daily, in line with our purpose, which is to simplify and enjoy life more. Our purpose has always been clear and mobilizing: to create spaces where life happens, places that invite people to gather, share, grow, and connect with the communities that surround us. This spirit of growth and purpose has been, and will continue to be, a core part of Mallplaza’s DNA. We reaffirm this through an investment plan of USD 570 million aimed at expanding and transforming our assets, strengthening a premium portfolio centered on Tier A assets and disciplined value creation. During the third quarter of 2025, Mallplaza achieved outstanding results that reflect the soundness of its strategy and the confidence of its commercial partners. Total GLA (Gross Leasable Area) reached 2.34 million m², with over 93 million visits (+25.9% compared to the third quarter of 2024). Revenues grew by 37.3%, EBITDA increased by 42.2% with an 81.3% margin, and FFO rose by 28.9%, reaching $171.8 per share for the last twelve months (a 21.0% CAGR since 2021). Net income reached CLP 81,381 million (+35.7%), driven by the consolidation of Peru, which now contributes 27.7% of the consolidated EBITDA. Furthermore, the stock's liquidity reached an all-time high, with an average of USD 6.9 million traded daily as of September, reflecting the confidence and growing market interest in Mallplaza, which today has a market cap of USD 5.9 billion. This performance is the result of executing a clear strategy, structured around three growth verticals: 1.Growth from our Existing GLA In Peru, we continued to advance decisively in transforming and expanding convenience centers into urban, experience-oriented destinations, consolidating our leadership in the country. EBITDA increased 16.4%, with a margin of 87.3%, reflecting the strength of the Mallplaza model. This performance was supported by active commercial management and three key pillars: brand repositioning, which placed Mallplaza among the 25 most recalled brands nationwide and within the top ten in retail; the addition of more than 41 new brands; and steady progress in our expansion plan, reinforcing our role as an urban reference point in the country. In Chile, we continued generating value through transformations, expansions, and an experience-centered commercial offering. We are converting more than 14,000 m² of former department store space to incorporate new high-attraction brands and concepts. Mallplaza Vespucio stood out with more than 2.5 million monthly visits (+17.3%) following the opening of the new Lifestyle zone. Overall, the country recorded consolidated growth of 6.1% in sales, 11.6% in revenue, and 12.8% in EBITDA, reaffirming Mallplaza’s ability to create value through the transformation of its assets. In Colombia, we continued consolidating a solid and expanding operation, with sales up 13.1% and revenue up 12.0% year-over-year. Mallplaza NQS led performance, with sales up 20.3% and revenue up 25.1%, driven by a stronger offering in dining, entertainment, and fashion that reinforces its position as an urban landmark in Bogotá. Meanwhile, Mallplaza Cali continued a solid ramp-up, with increases of 6.5% in sales and 14.3% in revenue, reflecting its consolidation and the strong growth potential of our operations in the country. 2. Growth through New GLA With a record-level investment plan, we are advancing significant expansions such as Mallplaza Trébol (26,100 m²), Mallplaza Angamos (17,900 m²), Mallplaza Oeste (16,100 m²), Mallplaza Trujillo (7,500 m²), Mallplaza Piura (7,200 m²), Mallplaza Norte (12,400 m²) and Mallplaza La Serena (9,500 m²). These expansions modernize infrastructure, strengthen the commercial mix, and enhance productivity, reaffirming Mallplaza’s leadership in the region. Aligned with our expansion and diversification strategy, we introduced the new Mallplaza Premium Outlets concept, designed to capture new consumer segments and optimize profitability per square meter. This format will transform existing assets to incorporate an offering based on price, convenience, and recognized brands. We currently have projects under development in Peru and Chile. 3. Non-Rental Businesses During the quarter, we strengthened our non-rental income streams, particularly through growth in the parking business and the expansion of our omnichannel network, which exceeded 1.2 million transactions. We also reinforced our commitment to sustainability and best practices, being recognized as the most sustainable real estate company in Chile and as one of the country’s Best Paying Companies (MEP). To close, these results mark a historic quarter and a very special chapter for me. After 35 years leading Mallplaza, I bid farewell with deep pride and gratitude for a company that is strong, innovative, and driven by purpose. I am grateful to our teams, commercial partners, investors, and communities for their trust and commitment. I am sure that under the leadership of our new general manager, Pablo Pulido, and with the support of the excellent team we have, Mallplaza will continue executing the strategy with the same vision and passion that has guided us since the beginning. Fernando de Peña CEO Mallplaza
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Mallplaza Egaña, Chile, 1. QUARTERLY RESULT 2. HIGHLIGHTS OF THE QUARTER 3. GROWTH 4. INFORMATION BY ASSET 5. FINANCIAL STRUCTURE 6. APPENDIX
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Third Quarter 2025 1 4 QUARTERL Y RESULT REVIEW
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Main Indicators Net Revenue (MM CLP) EBITDA (MM CLP) and EBITDA Margin (%) Footfall (MM) Occupancy (%) 5 Mallplaza Trujillo, Peru. Tables reflect consolidated revenue from Chile, Peru, and Colombia. 3Q24 3Q25 119,547 164,099 +37.3% 3Q24 3Q25 74.1 93.2 +25.9% 3Q24 3Q25 96.4% 95.6% -0.8 p.p. 0 20 40 60 80 100 0 50,000 100,000 150,000 78.5% 93,810 3Q24 81.3% 133,363 3Q25 +42.2%
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3Q25 3Q24 % / p.p 3Q25 YTD 3Q24 YTD % / p.p Managed GLA (m2) 2,341,170 2,000,407 17.0% 2,341,170 2,000,407 17.0% Consolidated GLA (m2) 2,341,170 1,701,641 37.6% 2,341,170 1,701,641 37.6% Visitor Flow (millions) 93.2 74.1 25.9% 278.9 219.1 27.3% Occupancy 95.6% 96.4% -0.8 p.p 95.6% 96.4% -0.8 p.p Tenant Sales (MM CLP) 1,573,723 1,279,043 23.0% 4,700,316 3,730,683 26.0% Average monthly Sales per m2 (CLP) 256,740 246,106 4.3% 253,581 243,341 4.2% Average monthly Revenues per m2 (CLP)1 23,361 23,410 -0.2% 22,787 23,330 -2.3% Same Store Sales 5.3% 3.9% 1.4 p.p 7.1% 2.4% 4.7 p.p Same Store Rent 6.4% 5.6% 0.8 p.p 5.9% 5.7% 0.2 p.p Occupancy Cost 9.5% 9.9% -0.4 p.p 9.5% 10.1% -0.6 p.p (+) Lease 6.5% 6.8% -0.3 p.p 6.5% 6.9% -0.4 p.p (+) Common Expenses and Promotion Fund 3.0% 3.2% -0.2 p.p 3.0% 3.2% -0.2 p.p 6 Mallplaza NQS, Bogotá. Mallplaza Los Domínicos, Chile. Q3 2024 metrics are calculated based on the GLA managed. Metrics per m2 are calculated using the average m 2 for each period. Main Indicators
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3Q25 3Q24 % /p.p 3Q25 YTD 3Q24 YTD % / p.p Net Revenue (MM CLP) 164,099 119,547 37.3% 480,206 354,077 35.6% Cost of sales (MM CLP) -10,676 -9,095 17.4% -33,208 -33,453 -0.7% Administrative Expenses (MM CLP) -20,858 -17,161 21.5% -64,403 -49,685 29.6% EBITDA (MM CLP) 133,363 93,810 42.2% 385,230 272,323 41.5% EBITDA Margin (%) 81.3% 78.5% 2.8 p.p 80.2% 76.9% 3.3 p.p Net Income (MM CLP)1 81,381 59,956 35.7% 573,439 235,087 143.9% Net margin 49.6% 50.2% -0.6 p.p 119.4% 66.4% 53.0 p.p Consolidated Plaza FFO total by participation (MMCLP) 103,018 79,921 28.9% 294,678 221,569 33.0% Adjusted FFO Margin 63.4% 65.1% -1.6 p.p 62.0% 60.9% 1.1 p.p FFO / Share (CLP)2 47.0 36.5 28.9% 134.6 101.2 33.0% Monthly EBITDA per m2(CLP) 18,988 18,376 3.3% 18,283 17,782 2.8% Monthly FFO per m2(CLP) 14,668 15,656 -6.3% 13,985 14,468 -3.3% 7 1) Net income includes the profit attributable to controlling interests. 2) The calculation of FFO per share considers the total number of shares outstanding as of the last business day of the period. Metrics per square meter are calculated using the average square meters for each period. Main Indicators Mallplaza Manizales, Colombia.
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14% 33% 8% 21% 20% 4% Net Revenue Tenant Sales Footfall Net Revenue Last twelve months up to September 2025 During the third quarter of 2025, tenant sales in Mallplaza’s urban centers grew 23.0%, in line with the increase in footfall. The result was driven by the stronger performance of centers undergoing transformation processes and adjustments in their commercial mix, strengthening their operations. Colombia stood out in particular, with Mallplaza NQS posting 20.3% growth, Mallplaza Vespucio 13.3%, and Mallplaza Trujillo 15.8%. The incorporation of new assets in Peru also contributed to the period’s result. During the third quarter, Mallplaza recorded 93.2 million in footfall across its urban centers, representing a 25.9% increase compared to the same period of the previous year, a variation that includes the effect of the consolidation of Peru. A positive trend was observed in footfall at centers that have undergone expansion processes or adjustments in their commercial mix, reflecting the impact of these initiatives. Examples of this include Mallplaza Vespucio, with a 17.3% increase; Mallplaza Trujillo, with a 10.2% increase; and Mallplaza Cali, with a 9.8% increase in footfall. 93% 7% Ordinary revenue increased 37.3% during the third quarter, reflecting the strong performance of the urban centers in all countries, with Colombia and Peru as the main contributors. Growth was driven by renewals, new contracts, store openings, and higher rental income associated with tariff adjustments and contract indexation, as well as the incorporation of new commercial areas. Non-rental income, such as parking, also increased due to tariff adjustments. Variable rent Fixed 8 7 years Average remaining duration of lease contracts Total revenue distribution GLA distribution by category Less than 2 years 2 to 3 years 3 to 4 years 4 to 5 years More than 5 years 18.6% 8.7% 9.7% 9.0% 53.9% Lease Revenue Parking Revenue Advertising Revenue Commercial Services and Others F&B and Entertainment Essential Business with Daily Traffic Mixed Used Specialty Retail Department Stores Automotive & Other Contract Maturity Profile 82.2% 5.7% 10.0% 1.5%
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Costs and Expenses Cost of Sales The cost of sales increased compared to 3Q2024 by CLP 1,581 million, mainly due to higher property tax contributions in the Chile division, as the prior period reflected recoveries of land contribution values, and due to the consolidation of costs from the Peru division. This was partially offset by lower insurance expenses. Administrative Expenses For 3Q25, they increased by CLP 3,697 million (+21.5%) compared to 3Q24, mainly explained by the consolidation of the assets in Peru since December 2024, together with higher employee benefit expenses, partially offset by lower doubtful accounts provisions. 9 MMCLP 3Q25 3Q24 Var. % YTD25 YTD24 Var. % Compensation (13,333) (10,036) 32.9% (37,581) (28,534) 31.7% Patents and Taxes (8,402) (7,276) 15.5% (27,226) (23,526) 15.7% Service Contracts (4,272) (4,832) -11.6% (15,764) (13,086) 20.5% Provision for bad debt 526 (1,925) -127.3% 405 (4,261) -109.5% Leases and concessions (660) (523) 26.2% (2,011) (1,585) 26.9% Amortization (502) (453) 10.7% (1,763) (1,178) 49.6% Depreciation (296) (66) 348.3% (872) (207) 321.1% Others (4,593) (1,145) 301.3% (12,798) (10,761) 18.9% Total costs and expenses (31,533) (26,256) 20.1% (97,611) (83,139) 17.4% Cost of sales (10,676) (9,095) 17.4% (33,208) (33,453) -0.7% Administrative Expenses (20,858) (17,161) 21.5% (64,403) (49,685) 29.6% Total Costs and Expenses (MMCLP) Breakdown of Key Variations 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 26,256 3Q24 31,533 3Q25 +20.1%
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EBITDA 10 MMCLP 3Q25 3Q24 Var. % YTD25 YTD24 Var. % Net Revenue 164,099 119,547 37.3% 480,206 354,077 35.6% COGS (10,676) (9,095) 17.4% (33,208) (33,453) -0.7% Administrative Expenses (20,858) (17,161) 21.5% (64,403) (49,685) 29.6% Depreciation 502 453 10.7% 1,763 1,178 49.6% Amortization 296 66 348.3% 872 207 321.1% EBITDA 133,363 93,810 42.2% 385,230 272,323 41.5% The EBITDA for the third quarter of 2025 reached CLP 133,363 million, representing an increase of 42.2%, equivalent to CLP 39 ,553 million compared to the same period of the previous year. This growth is mainly explained by the consolidation of revenue from the real estate assets acquired in Peru, which contributed 27.7% to the growth of consolidated EBITDA, along with higher rental income associated with increased leased area, growth in tenant sales supported by the higher sales performance in our malls, tariff adjustments, and contract indexat ion in line with inflation in each country. Additionally, parking revenues also showed a significant increase, driven by the incorporation of new assets and rate adjustments. This operational performance is reflected in an EBITDA margin over ordinary revenues of 81.3%, reaffirming the efficiency and scalability of our business model. EBITDA (MMCLP) and EBITDA Margin (%) Breakdown of Key Variations 0 10 20 30 40 50 60 70 80 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 78.5% 3Q24 81.3% 133,363 3Q25 93,810 +42.2%
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FFO (1) FFO corresponds to the cash flow attributable to the controlling shareholders, weighted by their ownership interest in the operation. This flow excludes items that do not represent cash flow or are non-recurring (other income and expenses by function) from the Statement of Income. It does not include non-controlling interests. (2) The calculation of FFO per share considers the total number of shares outstanding on the last business day of the period.Net income corresponds to the profit attributable to the controlling shareholders. 11 Adjusted FFO (MMCLP) and Adjusted FFO Margin (%) The FFO for the third quarter reached CLP 103,018 million, representing a 28.9% increase compared to the same period of the previous year. This result was mainly driven by higher operating volumes and the consolidation of assets in Peru, achieving an Adjusted FFO margin of 63.4%. 0 10 20 30 40 50 60 70 0 20,000 40,000 60,000 80,000 100,000 120,000 65.1% 79,921 3Q24 63.4% 103,018 3Q25 +28.9% Breakdown of Key Variations MMCLP 3Q25 3Q24 Var. % YTD3Q25 YTD3Q24 Var. % EBITDA 133,363 93,810 42.2% 385,230 272,323 41.5% (+) Taxes (27,969) (16,784) 66.6% (195,857) (99,906) 96.0% (+) Financial revenues 3,347 9,676 -65.4% 9,651 17,714 -45.5% (+) Financial costs (16,589) (14,070) 17.9% (51,975) (39,898) 30.3% (-) Deferred tax expenses 11,833 5,021 135.6% 150,412 67,144 124.0% FFO Plaza S.A. Consolidated total 103,985 77,654 33.9% 297,460 217,376 36.8% FFO Minority Participation (967) (727) 33.0% (2,782) (2,089) 33.2% FFO investment in unconsolidated entities 0 2,994 -100.0% 0 6,282 -100.0% Total consolidated FFO plaza adjusted for participation(1) 103,018 79,921 28.9% 294,678 221,569 33.0% FFO per share 47.0 36.5 28.9% 134.6 101.2 33.0% Total consolidated FFO plaza adjusted for participation(1) 103,018 79,921 28.9% 294,678 221,569 33.0% Readjustment units (7,217) (11,185) -35.5% (35,602) (37,062) -3.9% Adjusted FFO Consolidated 95,801 68,735 39.4% 259,076 184,507 40.4% Adjusted FFO per share 43.7 31.4 39.4% 118.3 84.2 40.4%
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Profit attributable to controlling interests A higher profit equivalent to MMCLP 21,424 compared to 3Q2024 was reported. This increase is explained by the growth in ordinary income of MMCLP 44,552, associated with the consolidation of the Peru division, in addition to higher rental income in Chile and Colombia due to more square meters leased, rate adjustments, and the indexation of lease contracts to each country's inflation, as well as higher sales and higher parking income. The aforementioned is offset by higher tax expenses of MMCLP 11,185 related to a greater taxable base, lower financial income of MMCLP 6,329 due to less cash available for investment, and higher administrative expenses which are explained by the consolidation of the Peru division in December 2024, net of a lower result from the provision for doubtful accounts at a regional level. MMCLP 3Q25 3Q24 Var. % YTD25 YTD24 Var. % EBITDA 133,363 93,810 42.2% 385,230 272,323 41.5% Depreciation and Amortization (798) (519) 53.7% (2,635) (1,386) 90.2% Taxes (27,969) (16,784) 66.6% (195,857) (99,906) 96.0% Other Revenue1 191 147 29.9% 471,211 123,780 280.7% Other Expenses (1,895) (145) 1,210.7% (2,853) (1,022) 179.0% Financial revenues 3,347 9,676 -65.4% 9,651 17,714 -45.5% Financial costs (16,589) (14,070) 17.9% (51,975) (39,898) 30.3% Gain or loss in associated entities 0 1,986 -100.0% 0 3,448 -100.0% Exchange rate differences (89) (2,238) -96.0% (758) (1,372) -44.7% Readjustment units (7,217) (11,185) -35.5% (35,602) (37,062) -3.9% Total Net Income 82,345 60,678 35.7% 576,413 236,619 143.6% Profit attributable to non-controlling interests 964 722 33.5% 2,975 1,532 94.1% Profit attributable to controlling interests 81,381 59,956 35.7% 573,439 235,087 143.9% 12 Breakdown of Key Variations Net Income (MMCLP) 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 59,956 3Q24 81,381 3Q25 +35.7%
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Third Quarter 2025 2 HIGHLIGHTS OF THE QUARTER 13
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CHILE Peru COLOMBIA Highlights of The Quarter We closed the third quarter with new openings that continue to drive the transformation of our urban centers. In this context, the opening of the Asian Alley at Mallplaza Los Dominicos stands out, a space of more than 550 m² that strengthens our entertainment and dining offering, consolidating a distinctive and high-value proposal. Regarding transformations, we made significant progress at Mallplaza Antofagasta, where we reconfigured more than 5,500 m² to incorporate Marathon, Puma, Adidas, The Line, and Sparta, significantly expanding the sports offering with iconic brands. Additionally, the opening of Bold (800 m²) in the Lifestyle sector of Mallplaza Vespucio stood out, which reached 100% occupancy of its spaces. This is complemented by the new Adidas store at Mallplaza Egaña (more than 700 m²), reinforcing the positioning of our sports mix, along with the openings of Calvin Klein and Victoria’s Secret at Mallplaza La Serena, strengthening the fashion segment. We continued advancing our growth strategy in Colombia, strengthening the consolidation and maturation of our portfolio with new commercial openings during the third quarter of 2025. Operationally, we observed an improvement in efficiency, reflected in a 6.6 percentage point increase in the EBITDA margin, reaching 79.0%, driven by the growth in parking revenue and the progressive maturity of our assets. At Mallplaza NQS, we reinforced the dining and family entertainment offering with the arrival of Cabras Locas (1,600 m²). At Mallplaza Manizales, we launched the Sweet Zone on the second floor, expanding the offering focused on experiences and lifestyle. Meanwhile, Mallplaza Buenavista continued consolidating its distinctive fashion offering and evolving its dining proposal with an artisanal market focus, strengthening its identity and connection with the local community. We continue to make progress in the transformation of our assets in Peru, consolidating a model centered on experience. During the year, we renewed 95 contracts and incorporated 41 new brands, reinforcing our operational efficiency and strengthening our management model in the Peruvian market. We also carried out new openings, including Rústika, which enhances the dining offering, and DBS Beauty, which expands the specialized retail offer at Mallplaza Bellavista, strengthening the fashion and lifestyle segment. This is complemented by the opening of La Leña at Mallplaza Comas, a leading F&B brand that allows us to consolidate the restaurant terrace area and strengthen the culinary experience of the asset. Finally, our brand positioning received meaningful recognition in the local market: according to a survey conducted by consulting firm BBK, we ranked among the 25 most recalled local brands and within the top ten in retail in Peru, consolidating our connection with visitors. 14
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15Shopping Center Type Country Estimated Opening Expansion m2 Total Investment (US$M) Remaining Investment (US$M) Mallplaza Mirador de Bío Bío1 Transformation 2H 2025 6,600 10.5 3.6 Mallplaza Antofagasta Expansion 2H 2025 1,600 3.8 0.1 Open Plaza Atocongo1 Transformation 2H 2025 - 7.1 7.1 Mallplaza Norte2 Transformation 2H 2025 - 4.1 0.2 Mallplaza Los Domínicos2 Transformation 2H 2025 - 3.8 0.0 Mallplaza Piura3 Expansion 1H 2026 7,200 25.8 25.4 Mallplaza Iquique Expansion 1H 2026 3,700 7.4 0.6 Mallplaza Huancayo2 Transformation 1H 2026 - 0.7 0.7 Mallplaza Oeste Expansion 2H 2026 16,100 43.8 42.3 Mallplaza Trujillo2 Expansion 2H 2026 7,500 40.0 40.0 Mallplaza Trébol2 Expansion 1H 2027 26,100 102.1 96.9 Mallplaza Angamos3 Expansion 1H 2027 17,900 65.5 65.5 Mallplaza Norte Expansion 1H 2027 12,400 35.2 33.8 Open Plaza la Marina Expansion 2H 2027 21,300 55.0 55.0 Mallplaza La Serena Expansion 2H 2027 9,500 61.4 61.4 Other Projects Chile Expansion 2H 2028 38,300 103.4 103.4 Total 168,200 569.6 536.0 Openings by country (m2) Openings by country (MMUSD) 15 (1) The investment in these assets is intended for their transformation into the Premium Outlet format. (2) The total investment amount also includes transformation-related CAPEX. (3) The total investment amount also includes remodeling-related capex. 34% 66% Peru Chile 569.6 32% 68% 168,200 Peru Chile Announced Projects
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Case Study 16 Main Indicators of Mallplaza Vespucio post-expansion GLA (m2) Revenue (MMCLP)Sales (MMCLP) Lifestyle zone, Mallplaza Vespucio. Lifestyle zone, Mallplaza Vespucio. Mallplaza Vespucio Remodeling and Expansion Lifestyle Project Opening: 4Q 2024 Approximate Total Area: 188,822 m2 Expansion: 19,740 m2 Visitor Flow (MM) 0 169,082 3Q24 188,822 3Q25 +11.7% 0 6,516 3Q24 7,644 3Q25 +17.3% 0 136,473 3Q24 154,688 3Q25 +13.3% 0 15,444 3Q24 18,137 3Q25 +17.4% Mallplaza Vespucio, located in La Florida, is Mallplaza's main urban center in Chile and one of the most visited spaces in the country, with over 2.5 million monthly visits. With more than 188,000 m² of GLA, it integrates retail, gastronomy, services, education, health, and culture, consolidating itself as a true multifunctional urban ecosystem. Its connectivity Metro, highways, and public transportation gives it a unique isochrone that covers more than one million inhabitants in southeastern Santiago, making it a hub of attraction and a local economic driver. The center's expansion, which added 19,740 m² and a new Lifestyle zone, marked a turning point in its evolution. With a contemporary open-air design, new facades, and public spaces like a 12,000 m² urban park, the transformation strengthened its experiential offering. The project generated a halo effect: sales and revenue grew 13.3% and 17.4% respectively this quarter, surpassing the increase inGLA (+11.7%), while visitor footfall and length of stay continued to rise, solidifying the mall as an urban benchmark for the southeastern area. More than just a commercial space, Mallplaza Vespucio is now an urban hub that combines growth, innovation, and sustainability. With a 1,760-panel solar plant, free-flow parking systems, and omnichannel management, it leads the transformation toward a sustainableand connected urban center model. Its evolution demonstrates how a retail asset can become a center for community life, integrating mobility, commerce, and community within the metropolitan fabric of Santiago.
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173Q2022 3Q2023 3Q2024 LTM2025 410,171 463,575 506,953 563,607 +11.2% +11.2% Footfall LTM (MM)Sales LTM (M Soles)Revenue LTM (M Soles) Mallplaza Comas Lima Peru Opening Date: 4Q 2020 Total Area: 80,995 m2 Mallplaza Comas, Peru. Mallplaza Comas has positioned itself as the main commercial hub in Lima Norte, integrating retail, entertainment, and services within an urban environment undergoing constant expansion. With 80,995 m² of GLA and more than 180 stores, the center has evolved toward a more segmented, customer-oriented model. Strategically located in the district of Comas, the urban center benefits from the sustained growth of Lima Norte and improved connectivity through major road corridors. Since its opening during the pandemic, Mallplaza Comas faced a challenging environment, but its strong value proposition enabled it to consolidate as a high-potential Tier B asset within Mallplaza’s portfolio in Peru. From a performance standpoint, its operational performance, reflected in an 11.2% increase in sales and an 8.4% increase in rental revenues over the last twelve months compared to the previous year. These results reaffirm the strength of its commercial offering and its strategic position within Mallplaza’s urban center ecosystem in the region. Its evolution highlights the strength of our management capabilities and Mallplaza’s ability to develop highly complex projects, even under challenging conditions. In the area surrounding Mallplaza Comas, the developments of residentials projects in the district will help densify the zone and generate greater footfall to the urban center, strengthening its positioning and growth potential. Mallplaza Comas reaffirms our presence in the Peruvian market and demonstrates, through concrete results, the consolidation of the Mallplaza signature approach to creating and operating reference urban centers in the region. Pending 3Q2022 3Q2023 3Q2024 LTM2025 34,633 42,081 53,627 58,115 +18.8% 9 12 14 15 3Q22 3Q23 3Q24 LTM2025 +20.4% Case Study CAGR 22 – 25 CAGR 22 – 25 CAGR 22 – 25
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18 Estimated Opening: 1H 2027 Total Area: 136,088 Expansion : 12,400 Brownfield Mallplaza Norte is implementing a comprehensive plan to enhance its value proposition and reinforce its competitive leadership. The project aims to attract high-value customers by optimizing the brand and format mix, with a focus on fashion, dining, and entertainment, alongside a complete renovation of the mall’s look and feel. The transformation includes the modernization of stores and terraces, a revamped Autoplaza area with an expanded brand offering, the conversion of the second level into a retail and services hub connected to Avenida Américo Vespucio through a new pedestrian bridge. In total, approximately 40% of the retail spaces will be upgraded through remodels and new storefronts, along with a 12,400 m² expansion that will strengthen both the commercial experience and the visual appeal of the asset. This evolution will boost operational efficiency, productivity, and traffic, strengthening its reach toward new consumer segments. Mallplaza Norte, Chile. Mallplaza La Serena, Chile. Mallplaza La Serena is advancing a modernization and expansion plan aimed at enhancing the visitor experience and boosting the mall’s performance through infrastructure upgrades and the incorporation of new functional spaces. The project includes the creation of a new dining and entertainment hub on the third level, designed to expand and diversify the existing offer, integrating outdoor terraces and a curated mix of operators that complement the center’s value proposition. Additionally, 6,000 m² of new leasable area will be developed on levels 1 and 2, enabling the arrival of well-known fashion, retail, and service brands through remodeling efforts and new storefronts. These initiatives will strengthen the mall’s positioning as a comprehensive urban destination, offering a more complete and competitive mix that increases footfall and dwell time, improves key commercial performance indicators, and reinforces the asset’s relevance within its catchment area. Mallplaza Norte Santiago Post Project Area: 148,488 Total Invesment : MMUSD 35.2 Mallplaza La Serena La Serena Estimated Opening: 2H 2027 Total Area: 64,116 Expansion : 9,500 Post Project Area: 73,616 Total Investment : 61.4 MMUSD Through Mallplaza Norte and Mallplaza La Serena, we are advancing our brownfield development plan to transform our urban centers into spaces that are more closely connected to the community, while strengthening profitability, foot traffic, and our leadership across the region. Project Under Development
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New Formats 19 The development of outlet formats across the region aims to capture new consumer segments and drive higher foot traffic, optimizing existing space to enhance profitability per square meter and strengthen an offering focused on value, experience, and well-known brands. Estimated Opening: 2H 2025 Total Area: 38,347 m2 Post Project Area: 36,347 m2 Total Invesment: MMUSD 7.1 Open Plaza Atocongo is transforming its value proposition into a premium outlet format. Originally conceived as a reference power center in the southern area of Lima, it benefits from a privileged location facing the Panamericana highway, providing quick access from high-income districts (Surco, La Molina, San Borja) as well as from the rest of the city. Its position within this urban development corridor makes it an ideal platform to capitalize on Lima’s dynamic consumer market and to diversify Mallplaza’s retail offer in Peru. The transformation phase aims to reposition the center’s value proposition by strengthening brands such as Adidas, Reebok, Skechers, Tommy, and Marathon, among others. It will shift from a convenience-oriented format to a premium outlet offering recognized premium brands. With this evolution, Open Plaza Atocongo will expand its commercial mix and enhance productivity per square meter, elevating both the customer experience and the overall attractiveness of the asset. Mallplaza premium outlets Atocongo, Lima Peru Estimated Opening: 2H 2025 Total Area: 45,925 m2 Expansion: 6,600 m2 Post Project Area: 52,525 Total Invesment: MMUSD 10.5 Mallplaza Mirador Bío Bío is expanding and transforming its value proposition into a premium outlet format, the first in our portfolio. This evolution incorporates a stronger retail mix with well-recognized brands that will enhance its competitive positioning and differentiation, while leveraging its convenience offer, entertainment options, and strategic location. The addition of 6,600 m² of new leasable area brings the total GLA to 52,525 m², including more than 50 premium outlet stores with high attraction capacity, a leading entertainment offer in the city (Cinemark, Chuck E. Cheese, Happyland, Trampoline Park, and an ice-skating rink), as well as essential services such as Tottus and Homecenter. This high- value format will efficiently capture the growth momentum of Greater Concepción and significantly improve key performance indicators: operational efficiency, foot traffic, and productivity. Mallplaza premium outlets Mallplaza Mirador de Bío Bío, Concepción Chile Mallplaza Premium Outlet Atocongo, Peru. Mallplaza Premium Outlet Bío Bío, Chile.
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Corporate Responsibility Awards and Recognitions • We met with key stakeholders from Chile’s senior well-being ecosystem to share experiences and generate synergies aimed at improving quality of life for older adults, reaffirming our commitment to supporting the country’s aging population. • We also celebrated the National Day of Good Treatment Toward Older Adults by hosting a commemorative event in which a landmark agreement was signed, led by REACTIVATE.CL in collaboration with companies, public institutions, and ten municipalities across the country. This alliance seeks to promote respectful and inclusive treatment through programs that encourage physical activity, digital inclusion, and the empowerment of older adults. We reaffirm our commitment to creating urban spaces that foster active participation and the continued development of older adults. • Mallplaza was recognized as the most sustainable organization in the real estate sector in Chile, according to the 2025 Corporate Sustainability Ranking by Brinca and the UAI Business School. This recognition highlights our active and comprehensive approach to sustainability, generating real impact on people and the environment through a strategy that encompasses energy efficiency, waste management, inclusion, citizen participation, entrepreneurship, environmental education, and collaboration with local communities. • Our CEO, Fernando de Peña, was recognized by ManpowerGroup Chile as one of the “50 Leaders Transforming the Country.” The award underscores his role in promoting a more inclusive, technologically driven, and sustainable labor market. His leadership is rooted in empathy, adaptability, and social responsibility. At Mallplaza, we remain committed to leading with purpose and sustainability. • We were also recognized in the 2025 edition of the Best Paying Companies (MEP) awards, presented by the Chilean Product Exchange and ASECH (the Chilean Association of Entrepreneurs). Being among the 57 awarded companies, out of a total of 14,500, demonstrates that our work with suppliers goes beyond commercial agreements they are true partners in the daily operation of our 37 shopping centers. Milestones 20 Senior Community Ecosystem Gathering Brinca Award Ceremony Recognition Ceremony for 50 Leaders
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• We continue to integrate our digital parking service, integrating this service with important apps such as Banco Falabella and MACH. Thanks to this service, more than 840 thousand customers per month enjoy 100% freeflow parking at Mallplaza Chile, without friction or delays. In Chile, the adoption of this solution continues to rise, reaching a 28.2% penetration among users. Highlights of The Quarter Omnichannel • Mallplaza’s growing credibility within the retail ecosystem is driving the expansion of our logistics network. In Chile, we have integrated Chilexpress into our Click&Collect network, strengthening our position as the leading logistics operator network and complementing our existing alliances with Bluexpress, Starken, and Correos de Chile. Regionally, this expansion extends to Peru through partners such as Tukuy, Savar, and Logixtal, and to Colombia with Coordinadora and Servientrega. We also highlight the designation of Mallplaza NQS in Colombia as a strategic pick-up hub for Mercado Libre and Servientrega Internacional. • Additionally, we inaugurated five new Logistics Hubs strategically distributed across Chile, Peru, and Colombia. • This strong growth in infrastructure and strategic partnerships translated into notable operational performance. For the first time, we exceeded 1.2 million transactions mobilized in a single quarter—an impressive 155% increase compared to the same period last year, and 7% growth versus the previous quarter. • Reaffirming our commitment to supporting our tenants’ success, the quarter generated more than USD 2.5 million in GMV (Gross Merchandise Value) and over 120,000 transactions through Collect from Store and Ship from Store services, leveraging the omnichannel inventory of our malls. Parking 21 Mallplaza continues to strengthen its position as an enabler of the regional retail ecosystem. During the third quarter, the company not only accelerated the implementation of its omnichannel strategy, but also significantly expanded its logistics capabilities and strategic partnership network, driving record results in transaction volumes. Omnichannel Milestones Mallplaza Oeste, Chile.
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5.5% 2019 4.9% 2020 5.2% 2021 6.7% 2022 8.4% 2023 9.5% 2024 10.0% LTM 25 16,909 9,248 13,650 24,110 35,110 46,725 62,278 25.4% We continue to strengthen our digital parking service through integration with leading applications in the digital ecosystem. Over 7 million visitors are using our free flow system. In Chile, adoption continues to grow, reaching over 28.2 % penetration among users 22 Non-Rental Business Growth: Parking Digital Parking MMCLP Parking Consolidated Revenue (MMCLP)1 Parking Contribution / Revenue2 Active commercial management, innovation, and improved traffic flow have driven sustained growth in parking, consistently contributing to revenue increases. (1) The chart excludes operations in Peru until December 2024. (2) The data presented includes Open from December 2024 onwards. 3Q24 3Q25 24.4% 28.2% 380 bps. % of total income from Plaza 7.0% 2.8% 3.0% 2022 8.7% 4.3% 3.4% 2023 10.1% 5.4% 4.1% 2024 11.2% 7.9% 5.7% LTM25 CAGR 2019 – UDM25
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Third Quarter 2025 INFORMA TION BY ASSET 3 23
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Chile Colombia Peru Main Indicators by Country • We recorded solid operational and strategic progress during the period. Foot traffic increased by 3.2%, reaching 50.0 million visits, driving a 6.1% growth in sales. • Comparable performance indicators remained strong, with Same Store Sales (SSS) up 5.1% and Same Store Rent (SSR) up 7.0%. • EBITDA increased by 12.8%, reaching a margin of 80.1%, an improvement of 0.8 percentage points compared to the previous year. • Occupancy reached 95.3%, while the occupancy cost increased by 0.1 percentage points compared to the previous quarter. • In Peru, we consolidated a quarter of strong operational performance, driven by progress in the integration of the acquired portfolio and an increasingly relevant commercial offering. Foot traffic grew by 0.8%, reaching 31.0 million visits, supported by strong increases at Mallplaza Trujillo and Comas, which translated into sales growth of 15.8% and 4.3%, respectively. • Occupancy reached 95.4%, while EBITDA grew 16.4%, with a robust margin of 87.3%. These results reflect the tangible impact of our transformation roadmap in Peru and the significant potential that remains to be captured in this strategic market for Mallplaza. • In Colombia, we delivered a strong third quarter, reflecting a more consolidated and efficient operation. Revenues increased by 12.0%, driven by the solid performance of Mallplaza NQS and Buenavista, while EBITDA grew 22.3%, reaching a 79.0% margin (+6.6 p.p.), supported by greater operational efficiencies and improved parking monetization. • Sales increased by 13.1%, reinforcing the maturity of the portfolio. Same Store Rent reached 6.2%, confirming the strength of our recurring revenue base in line with local inflation. | Chile (Millions of CLP) Peru (Thousands of Soles) Colombia (Millions of COP) Consolidated Plaza S.A (Millions of CLP) 3Q25 3Q24 Var. % 3Q25(1) 3Q24(2) Var. % (3) 3Q25 3Q24 Var. % 3Q25 3Q24 Var. % Consolidated GLA (m2) 1,447,184 1,429,770 1.2% 619,083 619,439 (0.1%) 274,903 271,870 1.1% 2,341,170 1,701,641 37.6% Visitor Flow (millions) 50.0 48.4 3.2% 31.0 30.7 0.8% 12.2 11.8 3.5% 93.2 74.1 25.9% Tenants Sales 1,041,589 981,279 6.1% 1,320,098 1,267,602 4.1% 545,621 482,549 13.1% 1,573,723 1,279,043 23.0% Var. Same Store Sales 5.1% 3.6% 1.5 p.p. 4.2% 8.0% (3.9 p.p.) 10.3% 4.7% 5.6 p.p. 5.3% 3.9% 1.4 p.p. Total Revenue by country4 118,917 106,512 11.6% 109,542 103,083 6.3% 64,520 57,582 12.0% 164,099 119,547 37.3% Var. Same Store Rent 7.0% 5.4% 1.6 p.p. 3.3% 4.5% (1.2 p.p.) 6.2% 13.1% (6.9 p.p.) 6.4% 5.6% 0.8 p.p. EBITDA 95,197 84,404 12.8% 95,603 82,107 16.4% 50,987 41,695 22.3% 133,363 93,810 42.2% EBITDA Margin 80.1% 79.2% 0.8 p.p. 87.3% 79.7% 7.6 p.p. 79.0% 72.4% 6.6 p.p. 81.3% 78.5% 2.8 p.p. Average monthly sales per m2 (CLP/PEN/COP) 278,415 260,072 7.1% 839 797 5.2% 779,560 721,013 8.1% 256,740 246,106 4.3% Average monthly revenues per m2 (CLP/PEN/COP) 27,605 24,815 11.2% 61 58 5.5% 84,078 75,295 11.7% 23,361 23,410 (0.2%) Occupancy Cost (%) 10.0% 9.9% 0.1 p.p. 7.5% 7.5% 0.0 p.p. 10.9% 11.3% (0.4 p.p.) 9.5% 9.9% (0.4 p.p.) Occupancy 95.3% 96.8% (1.5 p.p.) 95.4% 96.7% (1.3 p.p.) 97.1% 96.2% 0.9 p.p. 95.6% 96.4% (0.8 p.p.) (1 and 2) Includes information for the third quarter of 2024 for Mallplaza Peru and Open Plaza Peru. (3) Change in 3Q25(1) vs. 3Q24(2). The pro forma operating performance for the third quarter of 2025 (3Q25) is presented, compared to the same period in2024 for each country. To facilitate understanding of the transaction in Peru, the operating information is presented in pro forma format, which allows the data corresponding to Open Plaza and Mallplaza Peru for 2024 and 2025 to be viewed. 4) For 2024, revenue was considered to be the sum of malls, while for 2025, it is considered to be revenue by country (also standardized for 2024). The GLA corresponding to 3Q24 does not consider 33.33% of Mallplaza Peru. 24
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Main Indicators by Country Last twelve months Chile (Millions of CLP) Peru (Thousands of Soles) Colombia (Millions of COP) Consolidated Plaza S.A (Millions of CLP) LTM 2025 LTM 2024 Var. % LTM 2025(1) LTM 2024(2) Var. %(3) LTM 2025 LTM 2024 Var. % LTM 2025 LTM 2024 Var. % Consolidated GLA (m2) 1,447,184 1,429,770 1.2% 619,083 619,439 (0.1%) 274,903 271,870 1.1% 2,341,170 1,701,641 37.6% Visitor Flow (millions) 208.3 196.8 5.9% 124.5 118.8 4.8% 49.0 46.1 6.4% 370.6 296.5 25.0% Tenants Sales 4,371,813 3,992,942 9.5% 5,363,987 4,977,408 7.8% 2,241,412 1,845,956 21.4% 6,398,280 5,144,733 24.4% Var. Same Store Sales 7.4% 1.5% 5.9 p.p. 7.8% -1.6% 9.4 p.p. 7.6% 10.1% (2.5 p.p.) 7.5% 1.3% 6.2 p.p. Total Revenue by country4 464,614 416,425 11.6% 433,369 404,753 7.1% 260,275 189,355 37.5% 620,735 460,666 34.7% Var. Same Store Rent 6.6% 5.4% 1.2 p.p. 2.8% 6.1% (3.3 p.p.) 11.8% 14.1% (2.3 p.p.) 6.1% 6.1% 0.0 p.p. EBITDA 367,403 323,064 13.7% 360,075 319,940 12.5% 192,210 129,933 47.9% 493,544 353,072 39.8% EBITDA Margin 79.1% 77.6% 1.5 p.p. 83.1% 79.0% 4.0 p.p. 73.8% 68.6% 5.2 p.p. 79.5% 76.6% 2.9 p.p.Average Average monthly sales per m2 (CLP/PEN/COP) 287,076 267,354 7.4% 854 789 8.2% 812,567 791,620 2.6% 265,870 254,355 4.5% Average monthly revenues per m2 (CLP/PEN/COP) 26,683 24,518 8.8% 61 57 6.1% 83,223 69,383 19.9% 23,145 22,953 0.8% Occupancy Cost (%) 9.8% 9.9% (0.1 p.p.) 7.3% 7.6% (0.2 p.p.) 10.7% 10.2% 0.4 p.p. 9.3% 9.8% (0.5 p.p.) Occupancy 95.3% 96.8% (1.5 p.p.) 95.4% 96.7% (1.3 p.p.) 97.1% 96.2% 0.9 p.p. 95.6% 96.4% (0.8 p.p.) 25 To facilitate understanding of the transaction in Peru, operational information is presented on a pro forma basis, allowing the visualization of data corresponding to both Open Plaza and Mallplaza Peru for 2024 and 2025. Note: In 2024, revenues were reported as the sum of individual malls; in 2025, revenues are reported by country (standardizedfor 2024 for comparability). (1 and 2) Includes 2025 and 2024 information for Mallplaza Peru and Open Plaza Peru. (3) Variation 2025(1) vs. 2024(2). 4) For 2024, revenue was considered to be the sum of malls, while for 2025, it is considered to be revenue by country (also standardized for 2024). The GLA corresponding to 3Q24 does not consider 33.33% of Mallplaza Peru.
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Sales (MMCLP/MPEN/MMCOP) Revenue (MMCLP/MPEN/MMCOP) Shopping Centers GLA % Own GLA Occupancy 3Q25(1) 3Q24(2) Var (%) 3Q25(1) 3Q24(2) Var (%) Mallplaza Vespucio 188,822 100% 96.8% 154,688 136,473 13.3% 18,137 15,444 17.4% Mallplaza Oeste 181,423 100% 98.1% 129,448 124,962 3.6% 13,709 12,621 8.6% Mallplaza Trébol 118,975 100% 98.2% 122,707 117,320 4.6% 13,319 11,724 13.6% Mallplaza Norte 136,088 100% 93.3% 89,287 85,935 3.9% 10,854 10,618 2.2% Mallplaza Egaña 94,680 100% 96.6% 82,909 77,805 6.6% 9,625 8,670 11.0% Mallplaza Antofagasta 80,906 100% 94.1% 72,372 69,424 4.2% 6,854 6,537 4.8% Mallplaza Tobalaba 78,955 100% 96.6% 62,136 60,508 2.7% 6,457 4,750 35.9% Mallplaza Sur 77,210 100% 88.1% 60,341 57,921 4.2% 5,089 4,310 18.1% Mallplaza Calama 77,786 100% 98.8% 52,036 47,300 10.0% 4,651 4,302 8.1% Mallplaza La Serena 64,116 100% 98.6% 49,145 44,480 10.5% 6,816 6,068 12.3% Mallplaza Los Dominicos 95,551 100% 93.9% 35,984 34,629 3.9% 5,061 4,630 9.3% Mallplaza Los Ángeles 38,941 100% 99.0% 29,225 27,656 5.7% 3,486 3,215 8.4% Mallplaza Copiapó 46,191 100% 97.7% 23,721 21,640 9.6% 2,995 2,715 10.3% Mallplaza Arica 35,241 100% 96.1% 20,830 19,095 9.1% 2,370 2,139 10.8% Mallplaza Mirador de Bío Bío 45,925 100% 96.7% 19,189 19,495 -1.6% 2,325 2,093 11.1% Mallplaza Alameda 59,603 100% 76.7% 19,153 18,739 2.2% 2,915 2,368 23.1% Mallplaza Iquique 26,771 99% 96.0% 18,419 17,897 2.9% 2,012 2,002 0.5% Total CHILE 1,447,184 100% 95.3% 1,041,589 981,279 6.1% 116,675 104,206 12.0% Mallplaza Trujillo 82,369 100% 98.0% 311,844 269,369 15.8% 24,867 22,098 12.5% Mallplaza Comas 80,995 100% 93.1% 135,841 130,236 4.3% 15,227 14,394 5.8% Mallplaza Piura 41,959 100% 98.8% 114,958 114,330 0.5% 8,180 8,492 -3.7% Mallplaza Angamos 55,747 100% 97.2% 113,829 117,774 -3.3% 11,364 10,646 6.7% Mallplaza Arequipa 42,638 100% 97.0% 112,463 108,287 3.9% 9,631 9,198 4.7% Mallplaza Bellavista 91,367 100% 84.5% 88,281 88,463 -0.2% 11,104 10,829 2.5% Mallplaza Atocongo 38,347 100% 98.8% 83,698 82,785 1.1% 4,668 4,945 -5.6% Mallplaza Huancayo 43,148 100% 96.5% 66,269 65,001 2.0% 5,923 5,733 3.3% Power Centers 142,513 100% 98.7% 292,915 291,356 0.5% 16,954 16,616 2.0% Total Peru 619,083 95.4% 1,320,098 1,267,602 4.1% 107,918 102,951 4.8% Mallplaza NQS 82,023 100% 95.4% 152,478 126,784 20.3% 20,533 16,418 25.1% Mallplaza Buenavista 57,484 65% 98.9% 152,886 136,420 12.1% 13,997 12,613 11.0% Mallplaza Cali 68,331 100% 97.3% 100,324 94,191 6.5% 13,277 11,611 14.3% Mallplaza Cartagena 27,553 100% 96.8% 78,092 70,504 10.8% 9,695 8,743 10.9% Mallplaza Manizales 39,512 80% 97.5% 61,842 54,651 13.2% 8,664 8,046 7.7% Total COLOMBIA 274,903 90% 97.1% 545,621 482,549 13.1% 66,166 57,431 15.2% Quarterly Indicators by Asset 26 (1) It includes financial and operating information for the third quarter of 2025 for Mallplaza Peru and Open Plaza Peru. (2) For comparison purposes, it also includes third quarter 2024 information for both Mallplaza Peru and Open Plaza Peru. (3) The analysis covers seven shopping centers: La Marina,Trujillo, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca.
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Quarterly Indicators by Asset Average monthly sales per m2 (CLP/PEN/COP) Average monthly revenues per m2 (CLP/PEN/COP) Shopping Centers 3Q25(1) 3Q24(2) Var (%) 3Q25(1) 3Q24(2) Var (%) Mallplaza Vespucio 355,854 306,796 16.0% 33,616 30,680 9.6% Mallplaza Oeste 313,622 297,182 5.5% 24,898 22,859 8.9% Mallplaza Trébol 314,128 304,237 3.3% 32,825 29,251 12.2% Mallplaza Norte 274,059 245,771 11.5% 27,050 24,849 8.9% Mallplaza Egaña 336,538 316,948 6.2% 34,850 31,612 10.2% Mallplaza Antofagasta 342,204 312,065 9.7% 30,824 28,491 8.2% Mallplaza Tobalaba 277,786 276,731 0.4% 27,947 20,938 33.5% Mallplaza Sur 279,860 263,454 6.2% 22,856 18,850 21.3% Mallplaza Calama 243,926 222,927 9.4% 20,547 19,126 7.4% Mallplaza La Serena 307,772 282,692 8.9% 36,107 32,520 11.0% Mallplaza Los Dominicos 142,994 140,196 2.0% 18,784 17,961 4.6% Mallplaza Los Ángeles 282,174 265,929 6.1% 30,785 28,348 8.6% Mallplaza Copiapó 176,678 164,512 7.4% 21,486 19,750 8.8% Mallplaza Arica 211,961 189,222 12.0% 23,451 20,619 13.7% Mallplaza Mirador de Bío Bío 150,898 155,919 -3.2% 17,428 16,082 8.4% Mallplaza Alameda 150,539 166,524 -9.6% 21,437 19,110 12.2% Mallplaza Iquique 283,466 237,015 19.6% 28,916 25,531 13.3% Total CHILE 278,415 260,072 7.1% 27,605 24,815 11.2% Mallplaza Trujillo 1,490 1,230 21.2% 103 88 16.4% Mallplaza Comas 693 660 5.1% 68 64 4.8% Mallplaza Piura 960 995 -3.5% 66 68 -3.7% Mallplaza Angamos 897 945 -5.1% 70 67 4.1% Mallplaza Arequipa 1,028 984 4.5% 80 77 3.2% Mallplaza Bellavista 503 489 2.9% 47 45 4.5% Mallplaza Atocongo 776 786 -1.4% 41 43 -5.8% Mallplaza Huancayo 556 516 7.8% 48 45 4.8% Power Centers 714 708 0.9% 40 39 3.3% Total Peru 839 797 5.2% 61 58 5.5% Mallplaza NQS 766,059 719,553 6.5% 88,076 74,540 18.2% Mallplaza Buenavista 1,022,451 895,059 14.2% 83,975 74,776 12.3% Mallplaza Cali 550,383 547,297 0.6% 67,763 63,888 6.1% Mallplaza Cartagena 1,183,189 1,072,896 10.3% 127,175 112,852 12.7% Mallplaza Manizales 600,071 531,430 12.9% 75,352 70,209 7.3% Total COLOMBIA 779,560 721,013 8.1% 84,078 75,295 11.7% 27 (1) It includes information for the third quarter of 2025 for Mallplaza Peru and Open Plaza Peru.It also includes information for the third quarter of 2024 for (2) Mallplaza Peru and Open Plaza Peru, for comparative purposes. (3) The analysis covers seven shopping centers: La Marina,Trujillo, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca.
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Last Twelve Months Indicators by Asset Sales (MMCLP/MPEN/MMCOP) Revenue (MMCLP/MPEN/MMCOP) Average monthly sales per m2 (CLP/PEN/COP) Average monthly revenues per m2 (CLP/PEN/COP) Shopping Centers LTM 3Q25 LTM 3Q24 Var (%) LTM 3Q25 LTM 3Q234 Var (%) LTM 3Q25 LTM 3Q234 Var (%) LTM 3Q25 LTM 3Q234 Var (%) Mallplaza Vespucio 634,485 541,812 17.1% 70,490 59,779 17.9% 344,888 311,393 10.8% 33,154 30,392 9.1% Mallplaza Oeste 540,417 504,572 7.1% 53,328 48,962 8.9% 322,372 300,296 7.4% 24,030 22,265 7.9% Mallplaza Trébol 526,616 493,552 6.7% 52,488 46,849 12.0% 337,922 321,342 5.2% 32,326 29,324 10.2% Mallplaza Norte 377,289 350,150 7.8% 40,131 38,786 3.5% 276,395 250,464 10.4% 24,000 22,869 4.9% Mallplaza Egaña 338,206 310,185 9.0% 37,246 33,348 11.7% 339,673 319,175 6.4% 33,408 30,597 9.2% Mallplaza Antofagasta 303,213 280,885 7.9% 27,330 25,122 8.8% 349,160 319,765 9.2% 30,224 27,700 9.1% Mallplaza Tobalaba 248,887 233,885 6.4% 25,517 22,527 13.3% 279,409 280,312 -0.3% 27,586 25,937 6.4% Mallplaza Sur 240,183 229,852 4.5% 18,768 15,824 18.6% 270,739 264,446 2.4% 20,308 17,548 15.7% Mallplaza Calama 217,815 195,357 11.5% 18,708 17,049 9.7% 255,151 231,974 10.0% 20,707 19,073 8.6% Mallplaza La Serena 229,835 189,975 21.0% 26,809 23,705 13.1% 360,334 302,517 19.1% 35,547 31,812 11.7% Mallplaza Los Dominicos 149,823 148,137 1.1% 20,372 19,541 4.3% 148,529 148,037 0.3% 19,110 18,633 2.6% Mallplaza Los Ángeles 130,499 121,986 7.0% 13,799 12,458 10.8% 312,241 292,378 6.8% 30,237 27,394 10.4% Mallplaza Copiapó 102,572 89,666 14.4% 11,591 10,720 8.1% 193,871 176,345 9.9% 20,963 20,159 4.0% Mallplaza Arica 87,253 80,290 8.7% 9,210 8,395 9.7% 217,857 200,533 8.6% 22,169 20,317 9.1% Mallplaza Mirador de Bío Bío 80,616 77,326 4.3% 8,940 7,896 13.2% 157,890 154,720 2.0% 16,654 15,227 9.4% Mallplaza Alameda 80,404 73,909 8.8% 11,192 9,357 19.6% 159,982 165,809 -3.5% 20,706 18,865 9.8% Mallplaza Iquique 83,700 71,403 17.2% 8,688 7,292 19.2% 292,297 250,790 16.6% 28,772 24,616 16.9% Total CHILE 4,371,813 3,992,942 9.5% 454,608 407,610 11.5% 287,076 267,354 7.4% 26,683 24,518 8.8% Mallplaza Trujillo 1,205,648 1,021,426 18.0% 92,813 80,393 15.5% 1,415 1,198 18.0% 94 82 15.0% Mallplaza Comas 563,607 506,953 11.2% 58,115 53,627 8.4% 714 651 9.7% 65 62 3.5% Mallplaza Piura 470,230 448,934 4.7% 34,760 34,254 1.5% 1,005 978 2.7% 70 69 1.2% Mallplaza Angamos 490,520 473,640 3.6% 46,197 43,961 5.1% 979 949 3.2% 73 68 6.0% Mallplaza Arequipa 457,641 443,719 3.1% 37,824 34,618 9.3% 1,043 1,014 2.8% 78 72 7.1% Mallplaza Bellavista 353,455 355,524 -0.6% 47,878 48,612 -1.5% 497 496 0.2% 50 50 -1.2% Mallplaza Atocongo 349,073 326,805 6.8% 20,556 20,227 1.6% 818 781 4.8% 45 44 1.6% Mallplaza Huancayo 268,912 247,132 8.8% 23,363 22,766 2.6% 567 491 15.4% 47 45 4.0% Power Centers 1,204,903 1,153,274 4.5% 69,327 66,044 5.0% 743 702 5.8% 41 39 5.9% Total Peru 5,363,987 4,977,408 7.8% 430,833 404,502 6.5% 854 789 8.2% 61 57 6.1% Mallplaza NQS 609,886 561,138 8.7% 76,880 44,825 71.5% 783,251 799,983 -2.1% 84,792 53,339 59.0% Mallplaza Buenavista 630,748 554,735 13.7% 55,282 47,440 16.5% 1,042,066 923,428 12.8% 82,282 70,550 16.6% Mallplaza Cali 399,731 198,717 101.2% 51,258 24,854 106.2% 571,794 554,526 3.1% 68,031 65,155 4.4% Mallplaza Cartagena 329,532 287,470 14.6% 39,054 36,081 8.2% 1,251,362 1,096,515 14.1% 126,449 114,776 10.2% Mallplaza Manizales 271,516 243,896 11.3% 35,393 31,805 11.3% 658,908 596,065 10.5% 77,337 69,475 11.3% Total COLOMBIA 2,241,412 1,845,956 21.4% 257,866 185,004 39.4% 812,567 791,620 2.6% 83,223 69,383 19.9% 28 (1) It includes information for 2025 and 2024 for Mallplaza Peru and Open Plaza Peru. (2) The analysis covers seven shopping centers: La Marina,Trujillo, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca. (3) Part of the increase in Mallplaza NQS revenue is explained by the accounting effect of a fine for the delayed store opening during 3Q23.
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Third Quarter 2025 4 Financial Structure 29
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Capital Market Since the last capital increase, Mallplaza has recorded a sustained increase in its stock market liquidity 30 53,1% 46,9% Controlling Shareholder (Falabella S.A) Free Float % Pension Funds 23.6% Significant Minority 12.3% Investment Funds 4.9% Brokerage Firms 2.7% Insurance Companies and others 2.1% Mutual Funds 1.4% Shareholder Structure (Sep-25) 3Q25 3Q24 Var (%) Market Cap 5,918 3,761 57,4% Average Price 2,269 1,483 53.0% Closing Price 2,600 1,530 69.9% ADTV 180 (MMUSD)1 6,993,871 1,048,756 556.7% Number of Shares Traded 2,713,147 1,352,244 100.6% (1) ADTV 180 refers to the Average Daily Trading Volume over the past 180 days. (2) The Falabella share auction is not included ADTV 180 days2 (k USD) 3,761 3Q24 5,918 3Q25 +57.4% Market Cap (MM USD) 1,049 3Q24 6,994 3Q25 +566.7%
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year < 1 years < 1 - > 2 years < 2 - > 3 years < 3 - > 4 years < 4 - > 5 years < 5 - > 10 years > 10 198,333 114,350 173,436 107,471 203,956 894,847 420,644 Debt Structure 3Q25 3Q24 Cash and Equivalents (CLP MM) 213,362 601,497 Financial Debt (CLP MM) 1,602,297 1,374,105 (+) Public Bonds (CLP MM) 1,270,616 1,219,954 (+) Bank Debt (CLP MM) 331,682 138,671 (+) Hedge Derivatives (MMCLP) - 15,480 Average Debt Rate 3.0% 3.2% Duration (years) 6.7 8.0 Net Debt (millions of CLP) 1,388,935 769,494 • The financial debt profile is predominantly long-term, with 91% of maturities occurring beyond one year. • The Loan-to-Value (LTV) ratio stands at 24%. Additionally, 20% of the financial debt maturities extend to 10 years or more. • The debt is primarily structured at fixed rates and in the same currency in which the associated cash flows are generated, with an average duration of seven years. • Unencumbered assets at fair value represent 4.7x the net financial debt (net of cash and equivalents). • Financial Debt to EBITDA at the end of the third quarter stands at 2.8x. Financial Debt Service Profile (MMCLP) Debt by currency Debt by term EBITDA LTM 3Q25 493.544 MMCLP 31 Solid financial position as a result of a conservative capital structure UF COP PEN Short Term Long Term Rating Plaza S.A AA+ Feller Rate AA+ Humphreys Baa2 (stable) (Moodys) International Local 7% 15% 78% 9% 91%
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Third Quarter 2025 Appendix 5 32 TBU
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Evolution of Operational and Financial Results YEAR EVOLUTION BY YEAR 2021 2022 2023 2024 LTM 3Q2025 CAGR (2021 – LTM 3Q2025) Operational figures Aggregate GLA (Reduced) (m2) 43,806 30,458 38,618 413,628 8021 Total Managed GLA (m2) 1,857,664 1,888,122 1,926,740 2,340,368 2,341,170 6.4% Tenant sales (billions of pesos) 3,857 4,637 4,740 5,372 6,410 14.5% Visitor flows (millions of people) 210 270 285 311 370.6 16.4% STATEMENT OF RESULTS (Millions of CLP) Net Revenue 276,695 383,864 419,904 494,605 620,729 24.0% Sales cost -92,089 -100,304 -57,427 -60,790 -48,780 -15.6% Administrative expenses -31,830 -57,385 -42,445 -55,291 -81,772 28.6% EBITDA 208,621 282,699 322,185 380,637 493,544 25.8% Profit (loss) attributable to controller's owners 46,556 66,445 349,759 335,934 674,285 104.0% Adjusted FFO 164,931 218,931 257,220 303,195 376,304 24.6% EBITDA Margin (% over revenue) 75% 74% 77% 77% 80% FFO Margin (% over revenue) 60% 61% 60% 61% 61% Earnings per Share (CLP) 23.8 33.9 178.4 162.5 307.9 97.9% FFO per Share (CLP) 84.1 111.7 131.2 146.7 171.8 21.0% 33 (1) Consider the differential of added square meters
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Financial Statements September 2025 December2024 Variation Sep25-Dec24 Current assets 429,482 405,013 6% Non-current assets 6,118,025 5,510,060 11% Total Assets 6,547,507 5,915,073 11% Current liabilities 225,166 344,476 (35%) Non-current liabilities 2,573,248 2,379,547 8% Total Liabilities 2,798,414 2,724,023 3% Equity 3,749,093 3,191,050 17% Equity and Liabilities, Total 6,547,507 5,915,073 11% Issued capital 464,500 464,500 0% Accrued gains (losses) 3,079,886 2,591,608 19% Issue premiums 139,260 139,260 0% Other reserves 28,430 (37,505) (176%) Non-controlling shares 37,017 33,187 12% Total Equity 3,749,093 3,191,050 17% Millions of CLP as of September 30, 2025 Current assets increased by 6%, equivalent to MMCLP 24,469, mainly explained by a higher balance of cash and cash equivalents amounting to MMCLP 34,188, due to greater net collections after the payment of financial obligations with banks. This positive effect was partially offset by a decrease in trade receivables and other accounts receivable of MMCLP 11,593, attributable to higher collections from clients. Non-current assets increased by 11% compared to December 2024, representing a variation of MMCLP 607,965. This increase is mainly explained by higher Investment Properties amounting to MMCLP 594,791, reflecting the semi-annual fair value adjustment of these assets, along with an increase of MMCLP 11,280 in other non-current assets, primarily due to the straight-line recognition of lease contract income. 34 Current assets Non current assets
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Non-current liabilities increased by 8%, equivalent to MMCLP 193,701, mainly due to higher deferred tax liabilities of MMCLP 156,244 related to the semiannual fair value adjustment of investment properties. In addition, there was an increase of MMCLP 39,228 in other non-current financial liabilities, driven by the currency conversion effect on publicly issued debt. Financial Statements Investment Properties Current Liabilities Non Current Liabilities Equity Plaza S.A. initially measures its investment properties under construction at cost. Subsequent to initial recognition, the Company measures investment properties in operation at fair value, which reflects their market value as of each financial reporting date. The models applied to determine the fair value of investment properties are as follows: Appraisal-based valuation, used for land and other non-operating real estate assets. These appraisals are performed annually by external, independent, and qualified appraisers. Discounted cash flow valuation using a WACC rate, applied semiannually to all investment properties in operation. The resulting changes in fair value (gains or losses) are recognized in the statement of income under “Other Income, by function”- As of September 30, 2025, the fair value of investment properties amounted to MMCLP 5,951,331, representing 91% of Plaza S.A.’s total consolidated assets. Current liabilities decreased by 35%, equivalent to MMCLP 119,310. This variation is mainly explained by lower current financial liabilities of MMCLP 54,506, associated with the prepayment of obligations in the Peru division. Additionally, there were lower trade payables and other accounts payable of MMCLP 36,965 due to dividend payments, and lower current tax liabilities of MMCLP 16,625, reflecting a reduced income tax provision. Equity increased by MMCLP 558,043 (+17%), mainly due to higher retained earnings generated during the period, partially offset by dividend payments. Millions of CLP as of September 30, 2025 35 Mallplaza Angamos, Peru.
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Cash Flow Statement Millions of CLP as of September 30, 2025 For the nine months ending September 30 2025 2024 Var. Sep-25 - Sep-24 Of the Operation 305,726 192,628 59% Of Investment (52,206) (45,589) 15% Of Financing (222,645) 255,906 -187% Operating activities generated a positive cash flow of CLP 305,726 million, which was 59% higher (a variation of CLP 113,098 million) than that obtained as of September 2024. This is explained by higher operating collections inherent to the business (CLP 188,212 million), partially offset by higher payments to trade suppliers (CLP -18,644 million), higher other payments (CLP -29,192 million) associated with higher VAT payments, and higher disbursements for income taxes (CLP -22,912 million). Investing activities during 2025 generated a negative cash flow of CLP -52,206 million, which was larger than in September 2024 (a variation of CLP -6,617 million). This is explained by lower interest earned (CLP -7,184 million), added to lower income related to land sold in 2024 (CLP -5,401 million), [and] higher payments for purchases of intangible assets (CLP -1,605 million), which were partially offset by lower disbursements associated with purchases of investment properties (CLP 8,292 million). Financing activities generated a negative cash flow of CLP -222,645 million, which, when compared to the same period of the previous year, generates a negative variation of CLP -478,551 million. This is mainly explained by lower proceeds from the issuance of shares incurred in 2024 (CLP -308,426 million), lower inflows from a reduced placement of bonds (CLP -107,568 million) from the AD and AE series placed the prior year, and higher dividends paid (CLP -29,468 million). 36 Of the Operation Of Investment Of Financing
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Investments 37 M&A 2,079 Greenfield Brownfield 7,676 Reconversion 26,023 Maintenance 4,539 IT + Other Total 457,023 42,601 539,941 0 0.0 0.2 0.4 0.6 0.8 1.0 123,942 LTM 3Q24 539,941 LTM 3Q25 +335.6% CAPEX (MMUSD) Mallplaza Egaña, Chile.
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Main Financial Ratios Sep-25 Dic-24 Var. Sep25-Dic24 Liquidity Ratio1 1.91x 1.18x 0.73x Quick Ratio2 0.95x 0.52x 0.43x Debt Ratio3 0.75x 0.85x -0.10x Net Financial Debt4 / Equity 0.37x 0.45x -0.08x Net Financial Debt4 / EBITDA5 2.81x 3.78x -0.96x EBITDA / Financial Expenses6 7.41x 6.79x 0.62x EBITDA / Net Income7 80.2% 77.00% 3.3 pp Current Liability / Total Liability 8.0% 12.60% -4.6 pp Assets / Fin. Debt Non-current + Liab. Current 3.86x 3.33x 0.53x Free Assets5/ Net Financial Debt4 4.18x 3.72x 0.46x Return on Equity9 19.7% 11.40% 8.3 pp Return on Assets10 11.0% 6.40% 4.6 pp Performance of Operational Assets11 17.7% 11.80% 5.9 pp Earnings per Share (CLP)12 307.9 153.4 154.5 (1) Current Ratio: Current Assets / Current Liabilities. (2) Quick Ratio: Cash and Cash Equivalents / Current Liabilities. (3) Debt-to-Equity Ratio: (Current Liabilities + Non-current Liabilities) / Equity. (4) Corresponds to current and non-current financial debt, net of cash and cash equivalents and other excess cash investments with maturities of less than 30 days. (5) Corresponds to the trailing twelve-month EBITDA as of September 2025 and December 2024, respectively. (6) Corresponds to EBITDA and financial expenses (total bank fees, commissions, and interest on financial debt) accumulated as of September 2025 and December 2024, respectively. (7) Corresponds to EBITDA over Operating Revenues, accumulated as of September 2025 and December 2024, respectively. (8) Corresponds to investment properties that are unencumbered (i.e., free of mortgages or other liens). (9) Corresponds to the trailing twelve-month Net Income accumulated as of September 2025 and December 2024, over average Equity (simple average of the last 4 quarters). (10) Corresponds to the trailing twelve-month Net Income accumulated as of September 2025 and December 2024, over average Total Assets (simple average of the last 4 quarters). (11) Corresponds to Operating Profit for the trailing twelve-month period accumulated as of September 2025 and December 2024, over average Investment Properties (simple average of the last 4 quarters). (12) Compares Basic Earnings per Share from continuing operations, trailing twelve-month period accumulated as of September 2025 and December 2024. 38
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Glossary • 3Q: Third Quarter • Occupancy Cost: Calculated as rental income divided by total sales of commercial partners, excluding medical buildings, education, and automotive. • Financial Debt: Current Financial Liabilities + Non-current Financial Liabilities. • Net Financial Debt: Current Financial Liabilities + Non-current Financial Liabilities – Cash and Cash Equivalents. • EBITDA: Corresponds to gross profit minus administrative expenses, excluding depreciation and amortization. • EBITDA / m²: Corresponds to the EBITDA ratio generated over the consolidated leased square meters to Commercial Partners. • ESG: Environmental, Social, and Governance. • Adjusted FFO: FFO corresponds to the cash flow from the earnings attributable to the parent company, weighted by its ownership share in the operation. This flow excludes items that do not represent cash flow or are non-recurring (other income and expenses by function) in the Income Statement. It does not include minority interests. • Adjusted FFO / Share: Adjusted FFO divided by the total number of shares issued by Plaza S.A. • GLA (Gross Leasable Area): Total leasable floor area. • Total GLA: Total GLA of Mallplaza’s shopping malls, including third-party GLA. • GMV (Gross Merchandise Value): Measures the total value of products (or services) sold on our platform; equal to total sales from our SSCC / sellers. • Anchor Stores / Big Box Retail: Large-format stores such as Department Stores, Home Improvement Stores, and Supermarkets. • Revenue / m²: Corresponds to the ratio of revenue generated over the consolidated leased square meters to Commercial Partners. • EBITDA Margin: EBITDA / Operating Revenue. • Net Margin: Net Income / Operating Revenue. • Adjusted FFO Margin: Adjusted FFO / Ordinary Revenue Adjusted by Ownership Participation. • MMCLP: Millions of Chilean Pesos. • Occupancy: GLA square meters with a current and/or signed lease contract over total GLA square meters. • p.p.: Percentage Points. • Brownfield Project: Expansion construction and development project of an existing shopping center. • Greenfield Project: Construction and development project of a new shopping center. • Reconversion: Transformation or repurposing of square meters from one store format to another. • Same Store Rent (SSR): Growth in rental rates for the same lease contracts over a rolling 12-month period, considering fixed rental income in Chile and the variation in the UF (“Unidad de Fomento”). • Same Store Sales (SSS): Growth (or decline) in nominal sales of the same stores compared to the same period of the previous year. • Tier A: Dominant and high-productivity shopping centers, leaders in large and high-density markets, preferred by tenants and consumers with strong purchasing potential. • YTD (Year-to-Date): Accumulated for the year. • LTM (Last Twelve Months): Last twelve months. • USD: United States Dollars. • Net Income: Profit attributable to the parent company’s shareholders. • Commercial Partners’ Sales (Sales): Total sales of the tenants operating in the company’s assets. • Sales / m²: Ratio of sales generated by commercial partners to visitors, over the leased m² of the stores generating those sales. • ADTV: (Average Daily Trading Volume) 39
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40 The information contained in this document is not disclosed in order to comply with any information disclosure obligation that applies to Plaza S.A. or any of its subsidiaries to comply with the law or any other binding regulation. Therefore, by making this disclosure Plaza S.A. is under no obligation to update the information contained in it, nor to repeat such information disclosure in the future. The information contained in this document is correct on the date it was issued. It is your responsibility to: (i) check whether this document contains the most recent information disclosure by Plaza S.A. regarding the issues reported here; and (ii) be aware that from the date this document was issued, changes may have taken place in the economic conditions or market conditions that affect Plaza S.A., or its subsidiaries, and its business performance. The information contained in this document and the manner in which it is presented, taken by itself or together with other information formally disclosed by Plaza S.A., describes its past and present business performance. However, it does not constitute a basis for assuming that such performance can be maintained in the future. It could improve or worsen. Any performance projections are subject to risks and uncertainties that could result in substantial deviations from expectations. Moreover, many of these risks and uncertainties are outside the control of Plaza S.A. and its subsidiaries, such as changes in consumer habits; development of new technologies relevant to the business and inaccessible by Plaza S.A. and its subsidiaries; fluctuations in the cost of consumables; new regulations or amendments to current regulations; decisions by regulatory authorities; competitor behavior; political changes that affect market conditions; interest rates; exchange rates; natural disasters; and climatic conditions. The aforementioned list is not exhaustive, but merely exemplary. This document is not a transaction request regarding securities issued by Plaza S.A. or any of its subsidiaries. Our sole purpose has been to truthfully and promptly inform you, according to our understanding of best practice and market standards, and compliments our information disclosures required by the law. Mallplaza Trébol, Chile.
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Financial Results Plaza S.A. Third Quarter 2025 Lifestyle, Mallplaza Vespucio.