GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. FOURTH QUARTER 2025 RESULTS

Core Insights - Grupo Comercial Chedraui reported solid fourth-quarter results for 2025, demonstrating resilience in a challenging consumption environment in both Mexico and the United States [3][4]. Financial Performance - Same-store sales (SSS) in Mexico grew by 3.0% in Q4 2025, outperforming ANTAD Self-Service's growth of 1.4% [4]. - For the full year 2025, SSS increased by 2.7%, exceeding ANTAD Self-Service growth by 140 basis points [4]. - In Chedraui USA, SSS decreased marginally by 0.6% due to stricter immigration enforcement impacting customer traffic [5]. - Consolidated cash at the end of 2025 was $14,640 million pesos, a 7.2% increase from the previous year [6]. - The Net Debt to EBITDA ratio was -0.28x, compared to -0.18x the previous year [6]. Dividend Distribution - The Board of Directors recommended a total dividend of $2,232.9 million pesos for 2025, representing 34.2% of the majority net income [7]. Store Expansion - The company opened 65 stores in Mexico during Q4 2025, totaling 142 stores opened in Mexico and one in the United States for the year [6][8]. EBITDA Margins - Consolidated EBITDA margin was reported at 7.7%, with an adjusted margin of 8.6% excluding additional expenses [8]. - Chedraui Mexico's EBITDA margin was 8.5%, with an adjusted margin of 8.7% excluding unusual events [8]. - Chedraui USA's EBITDA margin increased by 6 basis points to 6.9%, with an adjusted margin of 8.6% excluding non-cash provisions [8]. Currency Impact - The Mexican peso appreciated against the U.S. dollar by 10% during the reporting period [8].