Falabella (FALABELLA) Q4 2025 earnings summary

Executive summary

• Achieved 10% YoY revenue growth in 4Q25 and 9% for the full year, driven by strong omnichannel execution and ecosystem synergies across retail, banking, and real estate businesses.

• EBITDA reached $647M in 4Q25 (+18% YoY, 15.1% margin) and $2,144M for 2025 (+34% YoY, 14.6% margin), reflecting operational improvements and cost discipline.

• Net income for 4Q25 was $695M (16.2% margin), or $290M excluding the revaluation of investment properties; full-year net income was $1,485M (10.1% margin), or $897M excluding FV effects.

• Financial debt reduced by 21% YoY, with a non-banking net financial debt/EBITDA ratio of 1.3x, strengthening the balance sheet.

• Announced a $900M investment plan for 2026, focused on store expansion, digital transformation, and technology.

Financial highlights

• 4Q25 revenue: $4,284M (+10% YoY); full-year revenue: $14,679M (+9% YoY).

• 4Q25 EBITDA: $647M (+18% YoY, 15.1% margin); full-year EBITDA: $2,144M (+34% YoY, 14.6% margin).

• 4Q25 net income: $695M (+186% YoY, 16.2% margin); excluding FV, $290M (+27% YoY).

• Full-year net income: $1,485M (+180% YoY, 10.1% margin); excluding FV, $897M (+87% YoY).

• Online GMV for the ecosystem grew 23% YoY in 4Q25 and 17% YoY for the year.

• Loan portfolio reached $8.4B (+18% YoY), with consolidated NPL at 2.8% (-29 bps YoY).

Outlook and guidance

• 2026 investment plan of $900M (+38% YoY), prioritizing store openings, mall expansions, and technology upgrades.

• Focus remains on profitable growth, operational efficiency, and digital transformation to sustain competitive advantages.