Annual Report 2025

Message from the Chairman

A photo of Pedro Soares dos Santos with na image of blurry supermarket shelves as a background.  (photo)

Message from the Chairman

Messagefrom theChairman

“In a context of heightened geopolitical tension and global uncertainty, the Group delivered a robust performance, achieving strong financial results and continued progress in sustainability.”

Pedro Soares dos Santos
Chairman and CEO of the Jerónimo Martins Group

Read the CEO Letter

2025 in review

2025 in review

All our banners delivered solid sales growth, driven by price leadership, assortment innovation, and ongoing improvements in the quality and service levels of our stores.

FY Results

FY Results

On top of volumes growth, cost discipline and efficiency gains were crucial for the increase in the Group’s EBITDA margin.

35,991 M€

Sales

2,480 M€

EBITDA

646 M€

Net profit

147,709

Employees

1,197 M€

CAPEX

6,500 +

Stores

Dashboard

How we move: Fast. Forward.

How we move: Fast. Forward.

Our strategy is built on keeping food in motion: from field to store, from shelf to table, from business to business.

Person scanning a package of fozen avocados at the Pingo Doce self-checkout. (photo)Person scanning a package of fozen avocados at the Pingo Doce self-checkout. (photo)

GOOD FOR CONSUMERS

744

New Private Brand Launches of our food distribution companies

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Employee arranging products in a supermarket shelf from Biedronka. (photo)Employee arranging products in a supermarket shelf from Biedronka. (photo)

GOOD FOR PEOPLE

361.1 M€

Investment in employee recognition measures

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A man checking on some grapes in a vineyard (photo)A man checking on some grapes in a vineyard (photo)

GOOD FOR PARTNERS

92 %

of the food products we sell come from local suppliers

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Sustainability Highlights

Sustainability Highlights

A truck on a road viewed from above with dense forest on both sides of the road (photo)
present in more than
180Sustainability indices

Our responsibility practices are recognised by analysts and independent entities, proving that we are making a difference for our stakeholders.

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Solar panels on the roof of a distribution center (photo)
18.4%Carbon Footprint
Scopes 1 and 2, compared to 2021

Over 40% of our network of stores and distribution centres is already using photovoltaic panels.

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A Pingo Doce employee handing over a large reusable bag where its written "Alimenta o Bairro" to a customer infront of a counter (photo)
23,262tonnes
Food donated to surrounding communities

A total of 91 million euros was channelled into direct support, both monetary and in-kind, reaching over 2,200 entities.

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