Cencosud reported a 70.4% increase in net income for the full year 2025, reaching CLP 398,119 million (USD 419 million). The company’s revenues for the year were CLP 16,595 billion (USD 17,445 million), up by 0.6% compared to the previous year. This growth was recorded in five of the six countries where Cencosud operates, but gains were tempered by adjustments due to hyperinflation in Argentina. If this effect is excluded, consolidated revenues rose by 5.2%, totaling CLP 16,900 billion (USD 17,766 million).
Adjusted EBITDA for the year declined by 5.8%, mainly as a result of the hyperinflation adjustment in Argentina. Without this factor, accumulated Adjusted EBITDA was CLP 1,509 billion (USD 1,587 million), which is a decrease of 3% from the previous year.
Chief Executive Officer Rodrigo Larraín stated: “At Cencosud, we continue to advance in the execution of our strategic plan, focused on strengthening profitable growth and consolidating an increasingly integrated and efficient Retail Ecosystem, always placing our customers and employees at the center of our decisions”.
In the fourth quarter of 2025, net income increased by 342.8% over the same period last year to reach CLP 159,935 million (USD 171 million). When excluding Argentina’s hyperinflation impact, quarterly net income was CLP 204,902 million (USD 219 million), an increase of 148.3% compared to the previous year.
Consolidated quarterly revenues fell by 8.1% from a year earlier due to inflation adjustments in Argentina; without these effects, revenue increased by 1.2%. Most countries showed improvement and revenue growth in Argentina outpaced local inflation rates.
Quarterly Adjusted EBITDA dropped by 6.5% compared to the fourth quarter of last year because of currency depreciation and inflation impacts in Argentina; however, adjusted EBITDA margin expanded to nearly double-digit levels at both consolidated and adjusted bases.
Larraín added: “Looking ahead, we see positive economic signals in the countries where we operate, and we will remain focused on executing our strategy with discipline, enhancing asset profitability, and deepening the development of our ecosystem. We are confident that this approach will allow us to accelerate profitable growth and continue delivering sustainable value to our customers and shareholders”.
Store expansion continued during Q4 with new locations opening across several countries: The Fresh Market opened two new stores in Kentucky and Illinois; Rincón Jumbo spaces reopened at two sites in Chile; Santa Isabel supermarket opened in La Florida alongside an Easy store in Villarrica; Metro began operations at a new site in Peru; Vea Express opened a store in Mendoza while Easy launched another location in Tucumán (Argentina); finally Jumbo El Vergel opened its doors in Ibagué (Colombia).
