Grupo Éxito delivers exceptional performance in 2025, multiplying Net Result by 10, surpassing $592 billion pesos
This result was driven by solid sales and competitiveness, improvement in operating and commercial results, disciplined execution of efficiency and productivity plans, and a greater contribution from complementary businesses.
Overall, these factors strengthened the Group's profitability and reinforced its position to capture new growth opportunities in 2026.
Consolidated revenues reached $22 trillion pesos in 2025, growing 4% (excluding the exchange effect) compared to the same period of the previous year, with Colombia serving the main driver of the Group's consolidated revenues, with a contribution of 77%.
Recurring EBITDA margin stood at 8.8%, reaching $1.9 trillion pesos, which represented a growth of 19.5% compared to 2024 (excluding the exchange effect).
Although Grupo Éxito's results demonstrate the transformation the company has undergone in the last two years, it will continue working to strengthen its performance, and it is also cautious and prudent in the face of the challenges that lie ahead in the different countries where it operates.
Grupo Éxito's consolidated results (Colombia, Uruguay and Argentina)
During 2025, Grupo Éxito's consolidated net revenues grew 4.0% (excluding the exchange effect), reaching $22 trillion pesos. Of this total, 77% came from the Colombian operation, where the non-food category stood out, growing 7.7% vs 2024. The operations in Uruguay and Argentina contributed the remaining 23%.
Recurring EBITDA margin for 2025 reached 8.8%, totalling $1.9 trillion pesos, with a growth of 19.5% compared to the same period in 2024 (excluding the exchange effect). At the end of 2025, Grupo Éxito recorded a net result of $592 billion pesos, more than 10 times higher than that recorded in 2024. This performance was driven by Colombia and Uruguay, which offset the weaker performance in Argentina; lower non-recurring expenses and financial costs; as well as the contribution from complementary businesses, mainly real estate, which registered an increase of 11.3% in rental income. Tuya reached $23 billion in revenues and Puntos Colombia closed the year with more than 8 million customers and a network of partner brands that multiplied by 4 times compared to 2024.
Cash position closed at $1.17 trillion pesos, reflecting a significant improvement compared to 2024, reflecting Grupo Éxito's solid performance throughout the year.
"2025 marked a defining year for Grupo Éxito; After a 2024 marked by a deep transition, last year we focused on stabilizing the operation, strengthening execution and improving key indicators. It was a year of hard work, laying the foundations for a sustainable recovery and that is how we closed the year with solid commercial traction and operational efficiency. In 2025, Grupo Éxito had a healthier and more sustainable profitability and closed with a net result of more than $592 billion pesos, representing a tenfold increase compared to 2024. Consolidated revenues reached $22 trillion pesos, with a growth of 4% (excluding the exchange effect). The Colombian operation was the main driver of the results and contributed 77% of the consolidated figures.
We approach the 2025 results with deep humility and great gratitude toward the team that made them possible. We recognize that there is still a long way to go and we are ready to face 2026 with discipline and firmness to continue on this path of building the future, guided by the clarity of our commitment to continue working to dignify the lives of our people; we have the best team and the best allies to achieve it," said Carlos Calleja, Executive President of Grupo Éxito.
"The results for 2025 reflect a positive and consistent evolution quarter by quarter, and that allows us to present a year-end with a solid foundation to continue advancing in our medium- and long-term strategy in Colombia, Uruguay and Argentina. At the end of 2025, our recurring EBITDA had a significant improvement, growing 19.5% (excluding the exchange effect), and Net result that grew 10 times compared to 2024. In terms of cash and debt, we continue to perform positively. This result reflects the good performance of our commercial strategy, the contribution of our margin expansion and cost and expense reduction programs, and the positive contribution of the complementary businesses. Today we have a more efficient, profitable and financially robust operation, which allows us to be better prepared to capture growth opportunities and continue generating long-term value for our different stakeholders, said Fernando Carbajal Flores, Chief Financial Officer of Grupo Éxito.
Colombia leads the Group's consolidated revenue growth, with a strategic focus on retail
In Colombia, Grupo Éxito achieved results that confirm that the transformation that took place during 2025 and the decision to strengthen retail as the basis of the business, together with operational and financial strategies had a positive impact. Revenues reached $16.9 trillion pesos, growing 4.0% compared to 2024, driven by sales and a solid performance of the non-food segment that presented a growth of 7.7%; moreover, the food category grew 2.9%. Same-store sales also registered a growth of 5.6%, while digital channels reached more than $2.3 trillion pesos in sales, with a 14.1% share of the company's sales in Colombia.
During 2025, complementary businesses such as real estate continued to generate a relevant contribution to Grupo Éxito's results in the country. The real estate business, which operates more than 807 thousand square meters of gross leasable area (GLA), with occupancy around 98% in shopping centers and galleries. Viva Malls' revenues were $496 billion pesos and grew by 13.3% compared to 2024. Likewise, TUYA and Puntos Colombia continued to show a solid performance and contributed to Grupo Éxito´s Result with $23 billion and $16 billion pesos respectively.
In terms of profitability, recurring EBITDA for 2025 grew 22.5%, reaching $1.5 trillion pesos and a margin of 8.6%.
As part of its plan to strengthen and expand Grupo Éxito's textile business, in 2025 the company opened the Arkitect boutique in Medellín, a space designed exclusively for the experience of buying clothing and accessories from its own brands, in a different place from the usual Éxito stores. In this way, a great boost is given to a business that is part of the company's DNA, but which is also a great differential that unites sustainability, job creation and access to designer fashion for all Colombians.
"The contribution of Colombian operation was the main driver to the achievement of the Group's consolidated results, with revenues of $16.9 trillion pesos, which grew 4.0%. This is the reflection of the execution of the commercial strategies implemented in the retail business to offer a value proposition to our customers; a strict control of expenses and costs, and the contribution of the ecosystem of complementary businesses such as the Viva Malls, Tuya and the loyalty program of Puntos Colombia. Likewise, the 43 conversions of stores to Éxito and Carulla show a path of value generation for our customers and for the company, which register a +7.7% growth in sales, since the beginning of the strategy.
In terms of sustainability, the work of Fundación Éxito stands out, benefiting more than 69,000 children through programs focused on nutrition, mental health and education for employment in 184 municipalities of the country," said Carlos Mario Giraldo Moreno, General Manager of Grupo Éxito Colombia.
During 2025, Grupo Éxito continued to nurture opportunities in Colombia:
· Fundación Éxito benefited more than 69,000 children through programs focused on nutrition, mental health and education for employment; more than 181,000 food packages were delivered to children and their families, contributing to improving their conditions of growth and physical and cognitive development. In addition, more than 10,800 children had access to safer environments through the Vivir Plenamente program.
· Through the Cultivando Oportunidades program, which strengthens local purchasing and promotes fair commercial relationships, 90.0% of the fruits and vegetables marketed in our stores came from national farmers, with a direct purchase of 88.5% without intermediaries.
· Through Tejiendo Sueños, 95.6% of the garments marketed by Grupo Éxito are purchased in Colombia. Likewise, more than 18 million own brand garments were
made in Colombia in more than 300 workshops that generated more than 12,000 jobs, of which 75% were occupied by women.
· In environmental matters, more than 18,200 tons of recyclable material were collected, allocating 100% of the resources obtained from its commercialization to the Éxito Foundation for the development of child nutrition projects. In addition, thirteen Viva Shopping Centers renewed their Carbon Neutral certification and four were recertified as Basura cero by ICONTEC, as a result of consistent management and commitment to climate action and the circular economy.
Operations in Uruguay and Argentina accounted for 23% of Grupo Éxito's consolidated revenues
Uruguay's net revenues at the end of 2025 were $4.2 trillion pesos, with a growth of 4.7%, excluding exchange rate effects, compared to the same period of the previous year. This growth is mainly leveraged by the food category, which grew 5.4%, driven by the contribution of the 33 Fresh Market stores (+7.5% sales growth vs 2024) and the performance of omnichannel sales, which grew 6.6%.
During 2025, the EBITDA margin of the operation in Uruguay reached 12.5% (+111 bp), equivalent to $520 billion pesos. Throughout 2025, this country stood out as the most stable and profitable operation of Grupo Éxito.
For its part, in Argentina, the performance of the real estate business stands out, which grew 43.9% in the year, excluding exchange effect, and which registered occupancy levels of 89.4%. Revenue growth in the real estate business partially mitigated the trend of lower sales in the retail business. In addition, the devaluation of the currency impacted Argentina's result in Colombian pesos, leading to a decrease in revenues of –38.9% and remaining in line (+0.9%) when excluding the exchange effect.