Distribuidora Internacional de Alimentación (DIA) Q3 2025 TU earnings summary

Executive summary

• Spain delivered 8.2% total sales growth in Q3 2025, driven by 6.8% like-for-like growth and accelerated store openings.

• Market share in Spain increased by 10 bps year-over-year, consolidating the position as the fourth-largest player and leader in proximity retail.

• Argentina's like-for-like sales volume stabilized, with a 1.2% quarter-on-quarter improvement, but euro sales declined 24% due to currency depreciation.

Financial highlights

• Gross sales under the banner in Spain reached €1,445.4 million in Q3 2025, up 8.2% year-over-year.

• Group net sales pre-IAS 29 were €1,472.0 million in Q3 2025, up 9.8% at constant FX, but only 0.6% at current FX.

• IAS 29 adjustment for hyperinflation in Argentina reduced group post-adjustment net sales to €1,422.5 million, a 3.2% decline at current FX.

• Private label sales in Spain grew 9% year-over-year, with loyalty sales accounting for 55% of total sales, up 8% year-over-year.

Outlook and guidance

• Over 30 new proximity stores are planned to open in Spain in Q4 2025, continuing the expansion trend.

• Argentina remains focused on financial discipline and positioning for growth as the economy recovers.