Slide 1: 2025 Results Market Release
18 March 2026 2025 RESULTS MARKET RELEASE HERE
Slide 2: What we did in 2025
CONSOLIDATED SALES CONSOLIDATED EBITDA €36B €2.5B +7.6% vs 2024 +11.1% vs 2024 NET PROFIT WHAT WE DID 646M € IN 2025 1.8% OF SALES PRE-TAX ROIC 20.1% Return on invested capital 2
Slide 3: What we did in 2025
WHAT WE DID MAJOR MAJOR MAJOR IN 2025 EMPLOYER TAXPAYER INVESTOR WE CREATED 7,802 € 1,079M € 1,197M JOBS PAID IN TAXES 37 th largest retailer in the world 25 th largest food retailer in the world 14 th largest food retailer in Europe Source: Global Powers of Retailing 2025, Deloitte 3
Slide 4: Poland
Jcronimo Martins POLAND ed me
Slide 5: Socio-economic environment
SOCIO-ECONOMIC ENVIRONMENT GDP SOME Continuation of the GDP OBSERVATIONS growth trend 3.6% Average food inflation above 2024 levels but with a decelerating trend in the year (2024: 3.0%) Minimum wage increased by 10% compared with January FOOD INFLATION UNEMPLOYMENT RATE 2024 Gradual decline in the
Slide 6: Biedronka
Jeronimo Martins
Slide 7: Biedronka results
RESULTS SALES IN LOCAL CURRENCY EBITDA INVESTIMENT +5.9% €1,991M €604M €25,3 billion Margin at 7.9% (+ 7.5% in euros) LIKE-FOR-LIKE NEW STORES REFURBISHMENTS EMPLOYEES +1.9% 181 200 c.88 thousand (3,882 stores in total) 7
Slide 8: 30th anniversary
30TH ANNIVERSARY In 2025, Biedronka celebrated three decades of history, reflecting a consistent path culminating in the achievement and consolidation of market leadership. Watch the 30th anniversary video here
Slide 9: Internationalisation to Slovakia
STORE OPENINGS INTERNATIONALISATION TO SLOVAKIA Operations in Slovakia were officially launched on 5 March 2025, with the inauguration of the distribution centre in Voderady and the opening of the first Biedronka store in the country, located in Miloslavov, near to Bratislava. First step in the inte
Slide 10: Focus on the consumer / intense promotional dynamic
FOCUS ON THE CONSUMER/INTENSE PROMOTIONAL DYNAMIC 750 Moja Biedronka Card TELEVISION ADs 22+ 238 million Users LEAFLETS APP Biedronka 16+ million Users 10
Slide 11: Regular price reduction and New Year wishes campaigns
FOCUS ON THE CONSUMER/30TH ANNIVERSARY CAMPAIGN CAMPAIGN “REGULAR PRICE REDUCTION FOR 30 PRODUCTS” “NEW YEAR WISHES” (OBNIŻKA CEN REGULARNYCH 30 PRODUKTÓW) (30 LAT NISKICH CEN) Strengthening of the commitment to offer the lowest prices To ring in 2025, Biedronka began shared New Year’s in the market
Slide 12: Birthday Song and Proximity campaigns
FOCUS ON THE CONSUMER/30TH ANNIVERSARY CAMPAIGN CAMPAIGN “BIRTHDAY SONG” “PROXIMITY” (100 LAT) (BIEDRONKA ŁĄCZY, BO JEST BLISKO!) Tribute to Biedronka's 30th anniversary and three Despite regional, cultural and linguistic differences, decades of low prices, featuring the iconic ladybird Poles have s
Slide 13: Weekend Platform and Biedronowe campaigns
FOCUS ON THE CONSUMER/30TH ANNIVERSARY CAMPAIGN CAMPAIGN “WEEKEND PLATFORM” “BIEDRONOWE” [‘Cheap weekend’ | ‘The cheapest Saturday’ | ’10th day of the month’ | ‘Last day of the month’] (TANI WEEKEND | NAJTAŃSZA SOBOTA | 10! KAŻDEGO 360-degree communication campaign showcasing MIESIĄCA W BIEDRONCE OF
Slide 14: Gang Biedroniaków & Biedromania loyalty campaign
FOCUS ON THE CONSUMER/LOYALTY PROGRAMME GANG ‘BIEDRONIAKÓW’ & ‘BIEDROMANIA’ (GANG BIEDRONIAKÓW | BIEDROMANIA) 10 th loyalty campaign launched by the Company Largest collection ever, featuring 19 soft toys inspired by iconic products available in the Company’s stores. For the first time, adults were
Slide 15: Private brand launches
PRIVATE BRAND/INNOVATION PRIVATE BRAND 185 LAUNCHES (558 including in&out) c. 38% WEIGHT OF PRIVATE BRANDS ON SALES (Excluding F&V, bakery and non-food) 15
Slide 16: Biedronka Lab
INNOVATION BIEDRONKA LAB Signing of a partnership agreement with Warsaw School of Life Sciences to establish a product innovation centre First strategic co-operation project in Poland between a leading university in the field of nutrition and a market-leading food retailer. Opening planned in Summer
Slide 17: Warsaw running events
SPONSORSHIPS WARSAW RUNNING EVENTS Warsaw Uprising Run | Independence Run As part of its 30 th anniversary celebrations, Biedronka was the main sponsor of two athletics events in Warsaw commemorating important moments in Poland's history Strengthened commitment to the country's identity and heritage
Slide 18: Focus on the consumer / proximity
FOCUS ON THE CONSUMER/PROXIMITY 3,882 STORES 181 200 NEW STORES REFURBISHMENTS c.85% of stores with self-checkouts 1,500+ stores KATOWICE STORE REFURBISHMENT have butcher and cold meat counter Refurbishment works included the restoration of modernist architectural elements on the façade dating from
Slide 19: Ultra-fast delivery service
FOCUS ON THE CONSUMER/PROXIMITY ULTRA-FAST 28 (5+ stores) Dark stores DELIVERY dedicated exclusively to this service SERVICE 2,000+ Private brand and industry-brand products 13 Number of Polish cities where this service is available 4 YEARS 19
Slide 20: Renewable energy production
ENVIRONMENT RENEWABLE ENERGY PRODUCTION 2,200+ >96GWh >5GWh BUILDINGS WITH PHOTOVOLTAIC PANELS ENERGY PRODUCED IN STORES ENERGY PRODUCED IN DISTRIBUTION CENTRES 20
Slide 21: Biedronka main sponsor for the 5th consecutive year
SUPPORTING COMMUNITIES BIEDRONKA MAIN SPONSOR FOR THE 5TH CONSECUTIVE YEAR 34 th final Wielka Orkiestra Świątecznej Pomocy - WOŚP (The Great Orchestra of Christmas Charity) Between December 2025 and January 2026, around c.€1.5 million were raised (c.6.5 million złoty) through the sale of official me
Slide 22: Portugal in review
Jcrénimo Martins PORTUGAL in review
Slide 23: Socio-economic environment
SOCIO-ECONOMIC ENVIRONMENT GDP SOME Continued deceleration in the OBSERVATIONS growth of the Portuguese 1.9% economy Rise in food inflation (2024: 2.1%) National Minimum Wage increased 6% FOOD INFLATION UNEMPLOYMENT RATE Decline in the unemployment rate 2.8% 6.0% (2024: 2.4%) (2024: 6.4%) 23
Slide 24: Pingo Doce
PINGO DOCE
Slide 25: Pingo Doce results
RESULTS SALES EBITDA INVESTIMENT +5.3% €322M €222M to €5,3 billion Margin at 6,0% LIKE-FOR-LIKE NEW STORES REFURBISHMENTS EMPLOYEES +4.0% 9 52 c.32 thousand (Excl. fuel) (497 stores in total) 25
Slide 26: Campaigns and leaflets
FOCUS ON THE CONSUMER/PROMOTIONAL DYNAMIC 81 CAMPAIGNS 160 LEAFLETS 26
Slide 27: Promooootion and Maximum Savings Days campaigns
FOCUS ON THE CONSUMER/PRICE LEADERSHIP CAMPAIGN CAMPAIGN “PROMOOOOTION!” “MAXIMUM SAVINGS DAYS” At Pingo Doce, we do huge promotions (“PromoçÃÃÃO!). "45 years delivering savings: Make the most of the This was the umbrella concept for all promotional Maximum Savings Days" was the message behind a ini
Slide 28: Pingo Doce Bonus and Back to School campaigns
FOCUS ON THE CONSUMER/PRICE LEADERSHIP CAMPAIGN CAMPAIGN “PINGO DOCE BONUS” “BACK TO SHCOOL The prize draw, aimed at supporting "Low prices rock" was the motto for Pingo Portuguese consumers as they returned to Doce's back-to-school campaign, featuring their routines after the summer holidays, more
Slide 29: Margaride Sponge Cake and Porto-Style Croissant
FOCUS ON THE CONSUMER/ENGAGEMENT AND PROXIMITY CAMPAIGN CAMPAIGN “PINGO DOCE MARGARIDE SPONGE CAKE” “PORTO-STYLE CROISSANT” The special and exclusive edition of the Margaride Sponge In partnership with the century-old bakery Padaria Cake, created in partnership with the historic Casa Leonor Ribeiro,
Slide 30: Pingo Doce/Versailles Christmas
FOCUS ON THE CONSUMER/ENGAGEMENT AND PROXIMITY CAMPAIGN “PINGO DOCE/VERSAILLES CHRISTMAS” Pingo Doce renewed its collaboration with iconic pastry shop Pastelaria Versailles, adding a special and exclusive edition of Bolo-Rainha (with only nuts), the star of the 2025 Christmas campaign, to complement
Slide 31: Private brand
PRIVATE BRAND/INNOVATION PRIVATE BRAND 266 LAUNCHES c. 28% WEIGHT OF PRIVATE BRAND ON SALES 31
Slide 32: Private brand campaigns
PRIVATE BRAND/CAMPAIGN CAMPAIGN CAMPAIGN “IF YOU SENSE CHEMISTRY, “ON THE GRILL” IT'S JUST YOUR IMAGINATION” With summer days inviting gatherings with family and Artificial colours and flavour enhancers have been friends, Pingo Doce launched the “On the Grill” meat eliminated from all Pingo Doce Pri
Slide 33: Auntie vs Auntie digital series
PRIVATE BRAND/CAMPAIGNS DIGITAL SERIES “AUNTIE vs AUNTIE” Pingo Doce launched a digital series "Tia a Tia no Pingo Doce" (Auntie vs Auntie at Pingo Doce), starring two very special characters: the iconic Super Tia (played by Herman José) and the entertaining Tia Bli (played Vasco Pereira Coutinho).
Slide 34: Comida Fresca restaurants
FOCUS ON THE CONSUMER/PROXIMITY 497 STORES 9 52 COUNTRY’S LARGEST >11 millions NEW STORES REFURBISHMENTS RESTAURANT CHAIN BY NUMBER 256 MEALS SERVED OF LOCATIONS COMIDA FRESCA RESTAURANTS 34
Slide 35: Comida Fresca innovation
COMIDA FRESCA/INNOVATION COMIDA FRESCA FROZEN MEALS A new range of frozen meals developed using original recipes that ensure quality and authenticity, offering customers an even more convenient solution. Cristiano Ronaldo's mum, Dolores Aveiro once again starred in the Comida Fresca campaign. MEALS
Slide 36: Bairro Feliz
SUPPORTING COMMUNITIES A communications campaign brought to life three real-life stories supported by Bairro Feliz BAIRRO FELIZ — small gestures that can have a significant impact on the lives of communities. (HAPPY NEIGHBOURHOOD) 5th edition 460+ CAUSES SUPPORTED IN THIS EDITION SINCE 2019 2,400+ C
Slide 37: Partnership with the National Republican Guard
SUPPORTING COMMUNITIES PARTNERSHIP WITH THE PORTUGUESE NATIONAL REPUBLICAN GUARD Initiative aimed at supporting older adults identified by the GNR as being alone or socially isolated. Distribution of food and personal care baskets at Easter, during the summer and at Christmas Sale of Christmas chari
Slide 38: Pingo Doce Children's Literature Prize
SUPPORTING COMMUNITIES 12 EDITION OF THE PINGO DOCE TH CHILDREN'S LITERATURE PRIZE TOTAL 50,000€ WINNER IN PRIZES Text 1,600+ JOSÉ DIAS PIRES ENTRIES (€25,000 prize) Illustration MARIA GIRÃO (€25,000 prize) 38
Slide 39: Recheio
Jeronimo Martins
Slide 40: Recheio results
RESULTS SALES EBITDA INVESTMENT +3.0% €72M €35M to €1.4 billion Margin at 5.2% LIKE-FOR-LIKE STORES REFURBISHMENTS EMPLOYEES +3.0% 43 1 c.2,600 (Includes 4 platforms) #1 BRAND OF PROFESSIONALS CHOICE SINCE 2015 40
Slide 41: Private brand
PRIVATE BRAND/INNOVATION PRIVATE BRAND 72 LAUNCHES c. 24% WEIGHT OF PRIVATE BRAND ON SALES 41
Slide 42: Leaflets
FOCUS ON THE CONSUMER/PROMOTIONAL DYNAMIC 102 LEAFLETS CONVIDADO CARNES EXCELÊNCIA (including Amanhecer) ESPECIAL EXCLUSIVAS BEST FARMER José Guerra do Cortes de Chef Visita ao Cartaxo, Sal & Brasas, um e Combinações uma das origens especialista da carne Perfeitas Best Farmer 42
Slide 43: Institutional and voucher campaigns
FOCUS ON THE CONSUMER/PROMOTIONAL DYNAMIC INSTITUTIONAL CAMPAIGN CAMPAIGN “THERE'S ALWAYS A RECHEIO FOR YOUR BUSINESS” "WIN UP TO €600 IN VOUCHERS" Campaign building on the "Bem Nosso, Bem Próximo" Customers that made purchases during the first quarter concept, initially launched in 2023, reinforcin
Slide 44: Amanhecer and MasterChef campaigns
FOCUS ON THE CONSUMER/PROMOTIONAL DYNAMIC CAMPAIGN CAMPAIGN "AMANHECER READY MEALS" "50% OFF THE MASTERCHEF BRAND" Campaign highlighting the convenience, flavour and Promotional campaign held from 24 to 27 April, generating quality of the Amanhecer brand's single-portion a very positive impact on sa
Slide 45: Recheio Trip
FOCUS ON THE CONSUMER/PROMOTIONAL DYNAMIC CAMPAIGN “RECHEIO TRIP” From August to December, customer purchases accumulated points towards a new edition of the Recheio Trip, with Dubai and the beaches of Ras Al-Khaimah as the destination. Campaign advertised in stores, a promotional leaflet, the Compa
Slide 46: Reopening Évora store
FOCUS ON THE CONSUMER/PROXIMITY REOPENING ÉVORA STORE Sales area doubled to 6,500 m2 Enhanced fresh food offering, including a Best Farmer meat counter, and an expanded wine section. Greater variety in the assortment through partnerships with regional producers and suppliers. Best Farmer meat counte
Slide 47: Expresso/CGD Economy Awards
RECOGNITION EXPRESSO/CGD ECONOMY AWARDS Recheio was the winner in the “Companies over 50 years old” category at the 8 th edition of the Expresso-Economia/Caixa Geral de Depósitos Awards. 47 Foto: Matilde Fieschi / Expresso
Slide 48: Kitchers
COMMUNITY ENGAGEMENT KITCHERS Pioneering programme in Portugal aimed to complement training in hospitality and gastronomy Partnership with the Lisbon School of Hospitality and Tourism Strengthening of Recheio's positioning in the HoReCa segment 288 15 STUDENTS PARTICIPATED INSTRUCTORS 48
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Slide 50: Colombia
COLOMBIA
Slide 51: Socio-economic environment
SOCIO-ECONOMIC ENVIRONMENT GDP SOME OBSERVATIONS 2.6% Continued acceleration of the economy (2024:1.5%) Rise in food inflation Minimum wage increased 9.5% FOOD INFLATION UNEMPLYMENT RATE Benchmark interest rate cut 5.2% 8.9% by 25 basis points in April, ending the year at 9.25% (2024: 3.2%) (2024: 1
Slide 52: Ara
Jeronimo = Martins
Slide 53: Ara results
RESULTS SALES IN LOCAL CURRENCY EBITDA INVESTMENT +17.4% 132M€ €228M €3,2 billion Margin at 4.1% (+13,3% in euros) LIKE-FOR-LIKE NEWS STORES REFURBISHMENTS EMPLOYEES +5.8% 225 (1,653 stores in total) 27 c.19 thousand 3RD MOST LOVED BRAND FOR COLOMBIANS The only retail brand in the top 10 Source: Kan
Slide 54: Nationwide campaigns and leaflets
FOCUS ON THE CONSUMER/INTENSE PROMOTIONAL DYNAMIC 67 NATIONWIDE CAMPAIGNS 102 LEAFLETS 54
Slide 55: Sacúdela and Aguinaldo Naranja campaigns
FOCUS ON THE CONSUMER/CAMPAIGNS CAMPAIGN CAMPAIGN 856.614 DOWNLOADS OF THE APP “¡SACÚDELA QUE TIENE PROMO!” "AGUINALDO NARANJA" (SHAKE IT FOR YOUR PROMOTION) (END-OF-YEAR ORANGE DISCOUNT) Campaign associated with the launch of the new Ara At the end of the year, Ara launched a nationwide Stores App,
Slide 56: 12th anniversary and Raspa y Renueva campaigns
FOCUS ON THE CONSUMER/CAMPAIGNS CAMPAIGN CAMPAIGN "RASPA Y RENUEVA TU COCINA" "12 TH ANNIVERSARY" (SCRATCH AND RENOVATE YOUR KITCHEN) This anniversary campaign was held in over 1,400 stores Customers received a scratch card for every 40,000 across the country, offering customers thousands of product
Slide 57: Participation in main celebrations in Colombia
PROXIMITY PARTICIPATION IN THE MAIN CELEBRATIONS IN COLOMBIA BARRANQUILLA CARNIVAL NATIONAL LIVESTOCK FAIR One of Colombia’s most important celebrations and One of the most anticipated events in the Caribbean one of the largest carnivals in the world. region, celebrating livestock traditions, cultur
Slide 58: Private brand
PRIVATE BRAND/INNOVATION PRIVATE BRAND 221 LAUNCHES c. 41% WEIGHT OF PRIVATE BRAND ON SALES 58
Slide 59: Focus on the consumer / proximity
FOCUS ON THE CONSUMER/PROXIMITY 225 NEW STORES 364 360+ MUNICIPALITIES BUILDINGS WITH PHOTOVOLTAIC PANELS 59
Slide 60: Two Million of Reasons
SUPPORT FOR SURROUNDING COMMUNITIES SOCIAL INVESTMENT PROGRAMME SOME OF THE PROJECTS SUPPORTED "TWO MILLION OF REASONS" Impact on more than 64,000 people 'GOOD START' PROGRAMME 'BOGOTA WITHOUT HUNGER' PROGRAMME Municipality of Medellín District of Bogotá Social investment to support initiatives addr
Slide 61: Community reading corners
SUPPORT FOR SURROUNDING COMMUNITIES 1,000 COMMUNITY READING CORNERS Jerónimo Martins Colombia, together with the Colombian Institute of Family Welfare and the Fundalectura Foundation, launched the project "Reading Utopia: A Thousand Dreamy Corners", promoting inclusive, safe and stimulating learning
Slide 62: Hebe
. eS Jeronimo > hear Martins >»
Slide 63: Hebe results
RESULTS SALES IN LOCAL CURRENCY EBITDA OPENINGS +5.7% €65M 18 €626 million Margin at 10,4% (394 stores in total) (+7.4% in euros) LIKE-FOR-LIKE LOYALITY CARDS +1.0% 7.6 MILLION 63
Slide 64: Opening of new stores
PROXIMITY OPENING OF NEW STORES WARSAW WŁOCŁAWEK KŁODZKO CIECHANÓW (Rua Abrahama, 14) Second store in the city First store in the city (Fortress Gallery) Inauguration Inaugurated Inaugurated 28 February 21 August Inaugurated 30 September 12 September 64
Slide 65: Digital presence
FOCUS ON ONLINE SALES DIGITAL PRESENCE 613,000+ 231,000+ FACEBOOK FANS INSTAGRAM FANS 157,000+ 117,000+ YOUTUBE FANS TIKTOK FANS 65
Slide 66: Private brand
PRIVATE BRAND/INNOVATION PRIVATE BRAND 5,795 EXCLUSIVE BRAND PRODUCTS 184 PRIVATE BRAND LAUNCHES 66
Slide 67: 4th edition of the Hebe Quiz
FOCUS ON THE CONSUMER/CAMPAIGNS 4 EDITION TH OF THE HEBE QUIZ 160,000+ PRIZES AVAILABLE 2 million+ APP VISITORS 281,000+ PARTICIPANTS 67
Slide 68: Magazine
FOCUS ON THE CONSUMER/LOYALITY MAGAZINE 75,000 COPIES PER MONTH 68
Slide 69: Discover Yourself with Hebe
SUPPORTING COMMUNITIES 4TH EDITION OF THE PROGRAMME "DISCOVER YOURSELF WITH HEBE" RAISING AWARENESS FOR WOMEN'S HEALTH Programme for the social inclusion and employment of young adults who age out of orphanages and are Support for initiatives promoting awareness for the prevention entering the workf
Slide 70: Agribusiness
Jcr6énimo Martins AGRIBUSINESS
Slide 71: Cattle
AGRIBUSINESS CATTLE 13,679 ANGUS CATTLE SOLD FARMS: MONTE DO TRIGO CARTAXO PERNES INCREASED PRESENCE IN RECHEIO 22 stores WITH BEST FARMER MEAT COUNTERS 71
Slide 72: Milk production and new property in Fundão
AGRIBUSINESS CATTLE 17+ million litres of milk produced in Monte do Trigo All farms are certified animal welfare approved and for responsible antibiotic use. ACQUISITION OF A NEW PROPERTY IN FUNDÃO Capacity increased to support milk production in the coming years 72
Slide 73: Sheep production in the Fundão region
AGRIBUSINESS SHEEP PRODUCTION IN THE FUNDÃO REGION 77,000+ LAMBS SOLD CERTIFIED ANIMAL WELFARE APPROVED GOAT PRODUCTION IN MURÇA Project to restore and improve soil quality in an area devastated by wildfires and with large areas of land abandonment as a result of desertification. 73
Slide 74: Organic seedless grapes
AGRIBUSINESS FRUIT AND VEGETABLES ORGANIC SEEDLESS GRAPES 2,100tonnes SALES VOLUME 115ha PRODUCTION AREA 74
Slide 75: Oranges and Tango mandarins
AGRIBUSINESS FRUIT AND VEGETABLES ORGANIC ORANGES 340ha PRODUCTION AREA TANGO MANDARINS GREATER INTEGRATION BETWEEN PRODUCTION AND SALE Acquisition of the Luís Vicente fruit and vegetable business 190ha PRODUCTION AREA 75
Slide 76: Terra Alegre milk factory
AGRIBUSINESS 88 million LITRES OF MILK PRODUCED AT THE TERRA ALEGRE FACTORY MILK FACTORY ACHIEVED ITS SECOND LEAN & GREEN STAR Cumulative reduction of more than 30% in CO2 equivalent emissions across logistics and transport operations compared to 2022. 76
Slide 77: Aquaculture Morocco
AGRIBUSINESS AQUACULTURE MOROCCO Production capacity doubled SALES VOLUME 3,000+ Offering enhanced with the production of meagre tonnes of sea bream and sea brass sold PRODUCED IN VILA REAL DE SANTO ANTÓNIO, SINES, MADEIRA AND MOROCCO 77
Slide 78: Aquaculture shareholding
AGRIBUSINESS AQUACULTURE SHAREHOLDING 40% INCREASED TO Start of the production (Stocking of more than one million fish in the first two operational tanks) c.18% EQUITY INVESTMENT (second-largest shareholder of a snow cod producer) 78
Slide 79: Investment in review
Jcrénimo Martins INVESTMENT in review
Slide 80: Capex
INVESTMENT CAPEX 19% 50% € 1,197M 3% INVESTED IN THE YEAR 19% Others 9% 80
Slide 81: Allocation of investments
INVESTMENT ALLOCATION OF INVESTMENTS 47% 1,197M€* Expansion € 53% Refurbishments, Maintenance and Others * Excluding financial investments (which in 2025 amounted to €85 Mn) 81
Slide 82: Results analysis
RESULTS ANALYSIS
Slide 83: Consolidated results
RESULTS ANALYSIS (MILLION €) 2025 2024 CONSOLIDATED NET SALES excl. f/x 35,991 +7,6% +6,7% 33,464 RESULTS EBITDA 2,480 +11,1% 2,232 (IFRS 16) Excl. f/x +9,9% EBITDA MARGIN 6.9% 6.7% JM NET PROFIT 646 +7.9% 599 NET PROFIT/SHARE 1.03 0.95 (euro) NET DEBT* 3,302 3,064 * EXCLUDING CAPITALISED OPERATING
Slide 84: Contribution to EBITDA and sales
RESULTS ANALYSIS CONTRIBUTION CONTRIBUTION TO SALES TO EBITDA 0.1% Others and Adjustments 1.7% 80.3% 13.0% 5.3% Hebe 70.4% Biedronka 3.9% Recheio Outros Ajustamentos €36B 9.0% CONSOLIDATED 2.9% 2.6% -4.2% Ara SALES CONSOLIDATED EBITDA 14.8% Pingo Doce €2.5B 84
Slide 85: Dividend proposal
IN ACCORDANCE WITH THE DIVIDENDS POLICY, THE BOARD OF DIRECTORS WILL RECOMMEND THE GENERAL MEETING THE PAYMENT OF €408.5 MILLION IN DIVIDENDS, CORRESPONDING TO €0.65 PER SHARE (GROSS VALUE). ACCORDING TO PARAGRAPH THREE OF ARTICLE THRITY-FIRST OF THE COMPANY’S ARTICLES OF ASSOCIATION, THE BOARD OF D
Slide 86: Sustainability
Jcronimo Martins SUSTAINABILITY
Slide 87: Profitability + sustainability
HIGHLIGHTS OF THE YEAR PROFITABILITY + SUSTAINABILITY 57 ESG analysts and investors monitor the Group's performance Listed on more than 180 international sustainability indices 87
Slide 88: CDP triple A score
HIGHLIGHTS OF THE YEAR JERÓNIMO MARTINS AWARDED TOP SCORE ('A') IN THE THREE PROGRAMMES ACCESSED BY THE CPD • CLIMATE CHANGE • WATER SECURITY • FORESTS - MANGEMENT OF DEFORESTATION- LINKED COMMODITIES FIRST TIME WORLDWIDE THAT A MULTINATIONAL FOOD RETAILER ACHIEVES A "TRIPLE A" RATING ONLY 23 COMPAN
Slide 89: Global Child Forum
HIGHLIGHTS OF THE YEAR GLOBAL CHILD FORUM JERÓNIMO MARTINS ACHIEVED ITS HIGHEST SCORE TO DATE (9 OUT OF 10) 3rd place in the food distribution sector 21st place among more than 1,800 companies assessed globally 89
Slide 90: Carbon footprint
SUSTAINABILITY/ENVIRONMENT CARBON FOOTPRINT REDUCTION -18,4% CO e less Scope 1 and 2 carbon emissions 2 VS 2021 ENERGY CONSUMPTION -32% VS 2021 Per million euros in sales INVESTMENTS IN ENERGY GENERATION 2,700+ Buildings with photovoltaic panels 90
Slide 91: Efficient resource and materials management
SUSTAINABILITY/ENVIRONMENT EFFICIENT RESOURCE AND MATERIALS MANAGEMENT 33% OF PRIVATE BRAND PRODUCTS’ PACKAGING INCLUDED IN THE ECODESIGN PROJECT Considering the 2023 assortment 91
Slide 92: Healthier food in our stores
SUSTAINABILITY/SOCIAL NUTRITIONAL REFORMULATIONS OF PRIVATE BRAND PRODUCTS HEALTHIER FOOD IN OUR STORES -320 -275 -39 TONNES TONNES TONNES OF SUGAR OF FAT OF SALT 92
Slide 93: Benchmark employer
SUSTAINABILITY/SOCIAL BENCHAMARK EMPLOYER 147,709 TOTAL EMPLOYEES €361M IN AWARDS AND OTHER RECOGNITION MEASURES (+2.1% vs 2024) 93
Slide 94: Focus on developing our people
SUSATAINABILITY/SOCIAL FOCUS ON DEVELOPING OUR PEOPLE €17,8M c.95% INVESTED EMPLOYEES RECEIVED IN TRAINING 9.7 MILLION HOURS OF TRAINING 44,733 6,286 EMPLOYEES CHANGED ROLES, EMPLOYEES WORKPLACE OR COMPANY PROMOTED (30.3% of the Group’s employees) (4.3% of the Group’s employees) 94
Slide 95: Incluir programme 10 years
SUSTAINABILITY/SOCIAL INCLUIR PROGRAMME 10 YEARS Purpose: To create employment opportunities for people facing barriers to entering the labour market. IMPACT SINCE 2015: 2,000+ people supported 1,000+ people trained 800+ people hired by Group Companies 95
Slide 96: Supporting communities
SUSTAINABILITY/SOCIAL SUPPORTING COMMUNITIES € 91M+ 23,200ton IN DIRECT SUPPORT OF FOOD PRODUCTS TO MORE THAN 2,200 ENTITIES DONATED 96
Slide 97: Sourcing responsibly
SUSTAINABILITY/GOVERNANCE SOURCING RESPONSIBLY 92% of food products purchases made from local suppliers KEEPING FINANCIAL MEASURES TO SUPPORT SMALL AND MEDIUM-SIZED FARMERS 97
Slide 98: Outlook for 2026
OUTLOOK FOR 2026 98
Slide 99: Estimated investment around €1.2 billion
ESTIMATED MAIN ALLOCATION IN 2026 INVESTMENT: Planned openings: More than 120 Biedronka stores (net) e 1 distribution centre AROUND €1.2 in Polónia c. 35 Biedronka stores in Slovakia BILLION c. 10 Pingo Doce stores 1 Recheio store (opened in February) c. 200 Ara stores e 1 distribution centre (opene
Slide 100: 2025 Results Market Release
18 March 2026 2025 RESULTS MARKET RELEASE HERE