This Annual Report of the Jerónimo Martins Group (Group) covers the period from 1 January to 31 December 2023 and includes the distribution and agribusiness areas in Portugal and the distribution business in Poland and Colombia, detailing the results of the entities directly and indirectly held by Jerónimo Martins, SGPS, S.A.. During the year, the Group also pursued business in other countries, in particular in the agrifood sector (aquaculture), in Morocco, and in specialised retail, with Hebe expanding its operations from Poland to Czechia and to Slovakia. As these are startup operations that as yet do not have a significant size or impact on the Group’s performance, they are integrated into the respective business units.