Slide 1: Grupo Éxito Financial Results 3Q25
Grupo Éxito Financial Results 3Q25 November 13, 2025 “ The Issuers Recognition - IR granted by the Colombian Stock Exchange is not a certification about the quality of the securities listed at the BVC nor the solvency of the issuer”.
Slide 2: Note on forward looking statements
• The forward - looking statements contained in this document are made only as of the date hereof . Except as required by any applicable law, rules or regulations, Grupo Éxito expressly disclaims any obligation or undertaking to publicly release any updates of any forward - looking statements contai
Slide 3: Agenda
Agenda ▪ Words from our CEO, Mr. Carlos Calleja ▪ 3Q25 Key business and Highlights ▪ Performance by country ▪ Q&A session Operating 3
Slide 4: Words from our CEO Mr. Carlos Calleja
Words from our CEO Mr. Carlos Calleja
Slide 5: 3Q25 Key Business & Operating Highlights
3Q25 Key Business & Operating Highlights
Slide 6: Consolidated highlights
Taxes, Depreciation, and Amortization adjusted by other non - recurring operational income (expense). (3) Expansion refers to stores openings, reforms, conversions and remodellings. 6 Consolidated highlights 1 Consistency in the strategy that drives profitability and efficiency. Financial Highlights
Slide 7: Operating Performance
3Q25 Colombia +4.4% Revenue Growth +3.9% Revenue Growth 1 584 Stores +19 LTM store from openings, conversions and remodelings 481 Stores Operating Performance Regional results leveraged by diversification and efficiency. Argentina 88 Stores Notes: SSS refers to same - store - sales levels, including
Slide 8: Financial Performance by country
Financial Performance by country
Slide 9: Financial growth model
+3.9% Excl. FX +5.8% Excl. FX +3.9% Excl. FX Net Revenue +55 bps +4 bps +52 bps Gross Profit +162 bps +212 bps +61 bps Expenses +204 bps +195 bps +114 bps Recurring EBITDA +71 bps +13 bps +14 bps Financial Cost 2.7% +340 bps 2.8% +319 bps 1.7% +244bps Net Result Financial growth model Consistent imp
Slide 10: Strategic focus in Colombia
Strategic focus in Colombia Colombia leads the growth with a strategic focus on retail. 10 Notes: SSS in local currency, include the effect of conversions 3Q25. (1) The segment includes Retail Sales from Surtimax, Super Inter and Surtimayorista brands, allies, institutional and third - party sellers
Slide 11: Complementary business: real estate
Complementary business Note: (1) Excluding retail premises GLA (2) Viva Malls is a JV with Fondo Inmobiliario Colombia (FIC) in which Grupo Éxito has 51% stake and consolidates the business (3) The Viva Suba project is in an initial phase of structuring and commercialization, pending the relevant le
Slide 12: Complementary business
Complementary business 12 Complementary businesses contribute to margin gains Stock 1.3 M Cards Fi na nci a l R et a i l Income from associates: COP $3.1 B - 3Q25(+ COP $22 Bn vs 3Q24) COP $23 B - 9M25 (+COP $94 B vs 9M24 ) Improved NPL30 (456 bps vs sep - 24) Loy a l ty 8.5 M Clients with habeas da
Slide 13: Colombia result
Colombia result Colombia grew in revenues and strengthened profitability, allowing +203 bps in EBITDA margin. Highlights 3Q25 Electro - digital growth +5.5% SSS sales +5.4% Fresh category growth +13.1% o Sales: growing at +4.3%, due to success commercial strategy execution o GP : margin gains (+ 110
Slide 14: Strategic focus in Uruguay
Strategic focus in Uruguay Consistent performance as the most profitable operation of the Group Note: (1) Excluding FX 46% Share on Net Sales +5.1% 1 Food category - 2.0% 1 Non - Food category 3Q25 Net Sales COP $1.0 T ( +4.3% 1 vs 3Q24) “Todo a”, “Día Hipermás”, and “Knockout” campaigns Reached a 1
Slide 15: Uruguay result
Uruguay result Uruguay: stable growth and consistent profitability with EBITDA margin improved by +112 bps +5.5% SSS sales 2 +6.1% FM Sales Growth 2 3.1% Omnichannel share o Revenue: SSS sales growing above inflation. o Gross Margin : Increased by + 3 . 1 % 2 , driven by shrinkage improvements that
Slide 16: Strategic focus in Argentina
Strategic focus in Argentina Resilient Real Estate business and optimization of retail premises area Real Estate Asset: 14 shopping centers GLA: 180,750 Occupancy Rate: 84.6% 5 underperforming stores closed in 3Q25 of mini - wholesale formats Key Actions • Restructuring of the commercial strategy •
Slide 17: Argentina result
Argentina result Lower sales partially offset by RE performance. Ongoing action plans +3.6% SSS sales 2 +13.9% Real Estate Growth. 2 o Revenue: Growth in real estate partially offset the downward trend in sales. Currency devaluation impacted results in COP. o Gross Margin: Improved by 83 basis point
Slide 18: Consolidated result
Consolidated result Consistent improvement in EBITDA margins (+204 bps) and net result (+COP 177 B), reaffirming the effectiveness of the implemented strategy • EBITDA: margin reached 8.6% (+204 bps vs. 3Q24), driven by margin gains in Colombia and Uruguay, which offset the performance of operations
Slide 19: Net Financial Debt at Holding Level
Net Financial Debt at Holding Level 1 Reduction in net debt, with a Net Debt/EBITDA Ratio of 0.9x Net Financial debt key drivers: o The net debt - to - EBITDA ratio of 0 . 9 x has remained stable, reflecting operational strength and consistent cash flow generation . o Financial expense efficiencies
Slide 20: Q&A Session
Q&A Session
Slide 21: Appendices
Appendices
Slide 22: Notes and Glossary
Notes and Glossary Notes: • Figures expressed in Colombian pesos in this presentation follow the short - scale convention. Accordingly, billions refer toone thousand million and trillions refer to millions of millions. • Growth and variations are expressed in comparison to the same period last year,
Slide 23: Ownership Structure
Ownership Structure Note: Ownership structure as of September 2025. 23 51% Éxito Viajes y Turismos S.A.S. 97.95% Éxito Industrias S.A.S. 100% Almacenes Éxito Inversiones S.A.S. 100% Transacciones Energéticas S.A.S. E.S.P. 100% Logística, Transporte y Servicios Asociados S.A.S . Patrimonio Autónomo V
Slide 24: Management Team
Management Team Carlos Mario Giraldo General Manager Colombia General Manager Uruguay General Manager Argentina Ramón Quagliata Jean Christophe Tijeras Juan Carlos Calleja CEO Grupo Éxito 24
Slide 25: ESG initiatives to generate value
We work to improve child nutrition We cultivate opportunities and weave dreams We contribute to protecting and caring for the planet ESG initiatives to generate value: economic growth, social development and environmental protection • 9,921 children benefited in nutrition and complementary programs.
Slide 26: Consolidated Income Statement
Consolidated Income Statement Note : Consolidated data includes results from Colombia, Uruguay, and Argentina, eliminations, and the FX effect of - 4 . 0 % on consolidated net revenue and 0 . 7 % on Recurring EBITDA during Q 3 2025 . Additionally, FX effect of - 2 . 7 % on Net Revenue and - 0 . 5 %
Slide 27: Income Statement and CapEx by Country
Income Statement and CapEx by Country Notes: Consolidated data includes results from Colombia, Uruguay, and Argentina, eliminations, and the FX effect of - 4.0% on Net Revenue and 0.7% on Recurring EBITDA during Q3 2025, and - 2.7% and - 0.5%, respectively, during 9M25. Recurring EBITDA refers to ea
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet Note: Consolidated figures include data from Colombia, Uruguay, and Argentina. 28 Var % Dec 2024 Sep 2025 in COP M (2,6%) 17.554.555 17.096.114 Assets 0,5% 5.456.605 5.485.850 Current assets (3,8%) 1.345.710 1.294.664 Cash & Cash Equivalents 2,5% 2.818.786 2.890.638 Invent
Slide 29: Consolidated Cash Flow
Consolidated Cash Flow Note: Consolidated figures include data from Colombia, Uruguay, and Argentina. 29 Var % Sep 2024 Sep 2025 in COP M 1362,4% 34.577 505.647 Profit 40,5% 913.575 1.283.787 Operating income before changes in working capital 193,1% (824.099) 767.605 Cash Net (used in) Operating Act
Slide 30: Holding Income Statement
Holding Income Statement 1 (1) Holding: Almacenes Éxito – Results excluding subsidiaries in Colombia. Recurring EBITDA refers to earnings before interest, taxes, depreciation, and amortization, adjusted for other non - recurring operating income (expenses). 30 % Var 9M24 9M25 % Var 3Q24 3Q25 in COP
Slide 31: Holding Balance Sheet
Holding Balance Sheet 1 (1) Holding: Almacenes Éxito Results without Colombia subsidiaries. 31 Var % Dec 2024 Sep 2025 in COP M 1,5% 13.904.222 14.118.639 Assets 1,1% 3.971.573 4.016.452 Current assets (33,4%) 856.675 570.852 Cash & Cash Equivalents 9,1% 2.230.260 2.434.155 Inventories (24,1%) 314.5
Slide 32: Debt by country and maturity
Debt by country and maturity Note : The Colombia perimeter includes the consolidation of Almacenes Éxito S . A . and its subsidiaries in the country . 1 ) Debt without contingent warranties and letters of credits . ( 2 ) Holding gross debt issued 100 % in Colombian Pesos with an interest rate below
Slide 33: Store number and Retail Sales area
Store number and Retail Sales area Note: The store count does not include the 1,900 allies in Colombia. 33 Banner by country Store number Sales area (sqm)
Slide 34: Investor Relations contact
Laura Botero Morales Investor Relations Director +57 (604) 6049696 Ext 306560 ainvestor@grupo - exito.com Cra 48 No 32 B Sur 139, Viva Envigado Medellín, Colombia www.grupoexito.com.co exitoinvestor.relations@grupo - exito.com • “The Issuers Recognition - IR granted by the Colombian Stock Exchange i
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