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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.
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Q2 2025 earnings summary8 Aug, 2025

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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Frequently asked questions

Cencosud S.A. is a diversified retail company based in Latin America, operating in sectors such as supermarkets, home improvement stores, department stores, shopping centers, and financial services. The company manages a network of retail brands across several countries, including Chile, Argentina, Brazil, Peru, and Colombia, providing a variety of products and services for consumers. The company is headquartered in Santiago, Chile, and its shares are listed on the Santiago Stock Exchange.

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