Grupo Éxito Posts Q3 2025 Net Profit, Reversing Net Loss in 3Q 2024

Medellin-based multinational supermarket giant Grupo Éxito on November 12 posted a third quarter (3Q) 2025 net profit of COP$143 billion (US$38 million) — a big improvement over the COP$35 billion (US$9.4 million) net loss in 3Q 2024.

Consolidated revenues for 3Q 2025 dipped by a slight 0.3% year-on-year, to COP$5.2 trillion (US$1.4 billion), while 3Q recurring earnings before interest, taxes, depreciation and amortization (EBITDA) rose 31% year-on-year, to COP$448 billion (US$121 million), according to the company.

“Colombia’s performance was the largest driver of the Group’s results, accounting for 78.3% of total revenues,” according to Éxito.

“The third quarter saw strong performance in the retail business, driven by outstanding results in Colombia and Uruguay, while the real estate business boosted results with revenue growth of 11% in Colombia and 14% in Argentina, excluding the impact of exchange rates,” the company added.

As for nine-months cumulative 2025 results, Grupo Éxito’s consolidated net revenues reached COP$15.8 trillion [US$4.26 billion], up 4.4% year-on-year, excluding currency exchange rate effects, according to the company.

Recurring EBITDA for nine-months 2025 rose 29% year-on-year, to COP$1.2 trillion (US$324 million), while net income hit COP$383 billion (US$103 million), up from a nine-months 2024 net loss of COP$91 billion (US$24 million).

“This change is a consequence of improved operating performance, lower financial costs, and the contribution of businesses within the ecosystem, in addition to a positive one-off effect derived from the recognition of the Group’s greater stake in its Uruguayan operations,” according to Éxito.

In Colombia, same-store sales for nine-months 2025 are up 5.5%, “exceeding inflation levels. Digital channels reached over COP$576 billion [US$155 million] in sales, representing a 14.6% share,” according to the company.

Net revenues in Uruguay were COP$970 billion [US$261 million], up 3.7% year-on-year, “primarily driven by the food category,” according to the company.

“Meanwhile, in Argentina, the performance of the real estate business stands out, growing by 13.9% in the third quarter, excluding exchange rate effects, and registering occupancy levels of 84.6%. Revenue growth in the real estate business partially offset the downward trend in retail sales.

“The currency devaluation impacted Argentina’s results [as measured] in Colombian pesos, leading to a 56.4% decrease in revenue,” the company added.