Grupo Falabella reported on May 5 its financial results for the first quarter of 2026, announcing a net income of US$253 million. This figure represents a 22% increase compared to the same period last year, which the company attributed to strong operating profitability across its businesses.
The company said consolidated revenues reached US$3.601 billion, up by 7% year over year. Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled US$584 million, marking a rise of 15% from the previous year and resulting in a margin of 16.2%, higher than the first quarter of 2025’s margin of 15.1%. The group cited these results as evidence of progress in both operating profitability and strategy execution.
Falabella’s physical-digital ecosystem continued to grow through integration among its various businesses and benefit programs designed to enhance customer experience. CEO Alejandro González said: “These results reflect the resilience of our strategy and the execution capabilities of our teams. In a more challenging quarter for various sectors, we were able to stay focused, adapt, and make progress on our priorities, which allowed us to sustain performance and further strengthen our position as a company.”
In digital banking, Banco Falabella saw growth with over 8.5 million active customers and an $8.3 billion loan portfolio—an increase of 18% from last year—while purchases using proprietary payment methods grew by 17%. Retail formats Tottus (up by 9%), Falabella Retail (up by 8%), and Sodimac (up by 2%) all posted positive revenue growth during this period.
Mallplaza recorded more than 95 million visits in the quarter—a rise of three percent—and achieved a Same Store Rent increase of just over five percent while advancing several expansion projects at multiple locations.
Looking ahead, González added: “We are prepared to navigate a geopolitical environment marked by higher levels of uncertainty and challenged consumption. We will continue executing our strategy with discipline, advancing an investment plan with a long-term vision and a focus on increasing operational and logistical flexibility, while maintaining strong financial discipline.”
