Falabella (FALABELLA) Q3 2025 earnings summary

Executive summary

• Revenues increased 10% year-over-year to $3,248 million, with net income up 84% to $167 million and EBITDA margin reaching 13.2%, reflecting strong operational discipline and ecosystem synergies.

• Retailers achieved solid topline growth in 3Q25, with total online GMV up 17% year-over-year, reflecting strong momentum across key brands.

• Omnichannel strategy and disciplined execution drove efficiency and profitability, supporting operational resilience.

• The digital banking segment expanded, with loan portfolio up 21% year-over-year to $7.4 billion and over 790,000 new accounts and credit cards opened.

• Fitch upgraded the group's credit rating to Investment Grade (BBB-), citing improved profitability and financial strength.

Financial highlights

• Total revenue: $3,248 million (+10% YoY); EBITDA: $430 million (+25% YoY, 13.2% margin); Net income: $167 million (+84% YoY, 5.1% margin).

• Online GMV grew 17% year-over-year, with notable increases in Chile, Peru, and Colombia.

• Cash (non-banking): $1,393 million; Net financial debt (excl. banking): $2,263 million (-27% YoY); Net financial debt/EBITDA (non-banking): 1.8x.

• EBITDA margin improved across all five growth engines, with SODIMAC and Banco Falabella showing the highest margins.

• Gross profit: $1,243 million (+11% YoY, 38.3% margin); SG&A expenses up 5% YoY.

Outlook and guidance

• Optimism for year-end driven by strengthened logistics, digital capabilities, and a robust commercial proposition, aiming for a strong holiday season.

• Positioned to innovate and expand the ecosystem, leveraging omnichannel capabilities for future growth.

• Continued focus on omnichannel integration, competitive pricing, and unique customer experiences.