Argentina’s currency devaluation particularly affected Groupe Exito’s results by converting its revenues into Colombian pesos, resulting in a 56.4% decline in Argentina, according to the South American company. Despite this situation, the company reported a profit recovery after suffering losses in the previous year, with net profit reaching P382 billion (EUR 88 million) in the first nine months of 2025.
According to a statement released by Grupo Éxito, total sales from January to September reached 15,121 billion pesos (3,509 million euros), an increase of 1.6% compared to the same period in 2024. Third-quarter results showed a significant recovery, with the group posting a net profit of P142 billion (€32 million), compared to a loss of P34 billion. In the same period last year, it was pesos (7 million euros).
As the company announced, sustained growth in certain markets offset economic challenges in others. Particularly in Colombia, the company’s main market, sales increased by 4.7% through September, thanks to the consolidation of the retail division as a strategic core. In Uruguay, net income increased by 3.7% in the third quarter. This can be attributed to the dynamism of the food sector, which increased by 5.1% over the same period.
The group’s performance in Argentina showed reactions that were differentiated by activity. As detailed by Grupo Éxito, the country’s real estate business recorded a 13.9% increase in revenue in the third quarter, although global figures were affected by the depreciation of the local currency. However, when calculating consolidated profits in Colombian pesos, currency effects were decisive.
Grupo Éxito’s gross operating profit (Ebitda) also showed a significant improvement. The media noted that this figure increased by 28.9%, reaching 1.271 trillion pesos (294 million euros) in the first nine months of this year. This growth reinforces the conglomerate’s strategy of focusing on operational efficiency as one of the pillars of its financial management.
Fernando Carvajal Flores, Vice President of Finance at Grupo Éxito, pointed out that, in addition to directing part of the achieved efficiencies to the company’s development, the company has prioritized sustainable growth, maintaining the strength of its balance sheet and strengthening its business ecosystem, thus favoring the creation of long-term value for shareholders and other interest groups. The media recorded these goals in the last published balance sheet.
The group explained that these control measures enabled it to reverse the previously reported loss trend. Diversification into different business sectors and markets, along with a focus on efficiency, are among the most notable variables in the conglomerate’s reported recent performance.
In the context of this balance sheet, the conglomerate emphasized the importance of maintaining its financial strength and continuing its reinvestment objectives, which address both current market challenges and the evolution of local consumption, according to a statement published and reproduced by specialized economic media.
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