Falabella (FALABELLA) investor relations material

Executive summary

• Consolidated revenues grew 9.7% year-over-year (YoY) to US$3,781 million in 2Q26, with EBITDA up 7.0% YoY to US$549 million (14.5% margin). Net income reached US$330 million, or US$242 million (+13.5% YoY) excluding fair value effects, marking a record for a second quarter.

• The ecosystem engaged 38 million customers, with over 50% interacting with two or more businesses. Digital and omnichannel strategies drove double-digit online GMV growth (+19.4% YoY).

• All retail segments posted revenue growth: Falabella Retail (+10.1% YoY), Tottus (+10.7% YoY), and Sodimac (+3.8% YoY; +10.0% including Colombia and Mexico).

• Banco Falabella’s loan portfolio grew 18.2% YoY, with stable portfolio quality (NPL 2.8%).

• Mallplaza EBITDA rose 9.6% YoY, with a margin of 80.6%, and announced the acquisition of 8 shopping centers in Colombia for US$376 million.

Financial highlights

• Total revenue: US$3,781 million (+9.7% YoY); EBITDA: US$549 million (+7.0% YoY, 14.5% margin); Net income: US$330 million (8.7% margin); Net income excluding fair value: US$242 million (+13.5% YoY, 6.4% margin).

• Online GMV: US$996 million (+19.4% YoY); 27.6% of total GMV from online channels.

• Gross profit: US$1,449 million (+9.5% YoY); SG&A expenses: US$1,026 million (+10.1% YoY).

• Cash (non-banking): US$1,873 million (+17.7% YoY); Net financial debt (non-banking): US$1,782 million (-25.2% YoY).

• Financial debt (non-banking): US$3,655 million (-8.1% YoY); Net financial debt/EBITDA: 1.29x.

Outlook and guidance

• Focus remains on disciplined execution, ecosystem strengthening, and leveraging financial, digital, and real estate platforms for growth.

• The company is assessing the impact of Chile’s pending tax reform, which proposes a gradual reduction in the corporate tax rate.