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Cencosud (CENCOSUD) investor relations material
Cencosud Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew between 5.3% and 7.2% year over year, with strong performances in Chile, Argentina, the US, and Colombia, while Brazil saw a decline due to store exits.
Adjusted EBITDA margin expanded in the US, Brazil, Peru, and Colombia, with contraction in Argentina due to inflation and integration costs; distributable net income rose 10.1% year over year to CLP 69,750 million, and was up 494% year over year YTD.
Major events included refinancing The Fresh Market debt, a share buyback of up to 1.5% of shares, and the sale of 37 Colombian service stations and 22 Bretas stores in Brazil.
Private Label penetration reached a historic 18%, with consolidated sales up 12% year over year; online sales grew 7.8% year over year.
Transformation and sustainability initiatives advanced, including the launch of a Corporate Transformation Office and digital talent development.
Financial highlights
Consolidated revenue reached CLP 4,171,343 million (+5.3% YoY); excluding Argentina hyperinflation, revenue grew 7.2% year over year.
Adjusted EBITDA rose 1.3% year over year (excluding Argentina hyperinflation), with margin at 9.0%; gross profit improved 4.9% year over year.
Distributable Net Income for 2Q25 was CLP 69,750 million, up 10.1% year over year and 494% year over year YTD.
Cash position at quarter-end was USD 727 million; gross debt at USD 5,949 million.
Online sales reached CLP 420,514 million (+7.8% YoY); Private Label penetration at 17.9%.
Outlook and guidance
Optimism for growth and profitability in the second half of 2025, with continued execution of key initiatives, expansion, and transformation projects.
Focus on disciplined execution, customer-centric initiatives, and capital allocation to maximize impact.
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