Ripley Corp (RIPLEY) investor relations material

Executive summary

• Revenue increased 5.8% year-over-year in 2Q26, led by strong performance in Peru, banking, and real estate, offsetting a challenging comparison base in Chile due to last year's extraordinary tourism and higher risk charges in Banco Ripley Chile.

• Net income rose 59.8% year-over-year to CLP 25,149 million, driven by improved non-operating results, especially fair value gains from Mall Aventura; excluding fair value effects, net income was CLP 13,841 million, down 19.6% year-over-year.

• Peru was the main growth engine, with Retail, Banco Ripley, and Mall Aventura all posting double-digit improvements in revenue and profitability.

Financial highlights

• Consolidated revenue reached CLP 564,138 million in 2Q26, up 5.8% year-over-year; gross profit grew 2.6% to CLP 201,437 million; EBITDA declined 10.5% to CLP 43,870 million, with margin dropping to 7.8%.

• Retail segment revenue was CLP 401,573 million (+2.5% YoY); Banking CLP 149,464 million (+15.4% YoY); Real Estate CLP 18,330 million (+11.1% YoY).

• Gross margin was 35.7% in 2Q26, nearly flat year-over-year; EBITDA margin declined to 7.8% from 9.2% in 2Q25.

• Net financial debt/Adjusted EBITDA improved to 4.28x from 4.97x year-over-year.

• Net income excluding fair value effects was CLP 13,841 million, down 19.6% year-over-year.

Outlook and guidance

• Ratings agencies upgraded solvency and bond ratings to "A+" with a stable outlook, reflecting financial strength and diversification.

• Expansion projects in real estate and retail, especially in Peru, are expected to further drive growth.

• Continued focus on digital ecosystem monetization, omnichannel expansion, and disciplined cost management.

• Real estate and banking segments expected to provide stable, growing cash flows; Peru remains a key growth market.