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French retailer Carrefour reported like-for-like (LFL) gross sales development in 2025, with steady EBITDA as positive factors in France and Spain had been offset by integration and foreign money pressures.
Group gross sales, together with VAT, totalled €91.48bn ($108.25bn) in 2025, rising 2.8% on a LFL foundation and 1.2% at present alternate charges, after a 3.5% adverse foreign money impression primarily from the Brazilian actual and Argentine peso.
Web gross sales reached €82.10bn whereas gross margin declined 22 foundation factors to 19.5%, reflecting value investments and adjustments in retailer combine.
Web revenue, group share, dropped to €319m from €723m in 2024, as a result of greater tax of €516m and integration prices.
Adjusted internet revenue was €1.09bn in contrast with €1.17bn a 12 months earlier.
EBITDA stood at €4.51bn, down 0.4% on a reported foundation however up 3.4% at fixed alternate charges.
Recurring working revenue (ROI) fell to €2.16bn from €2.28bn in 2024, together with €120m associated to the consolidation and integration of Cora & Match retail banner and €102m of antagonistic foreign money results.
Working margin was 2.6%, or 2.9% excluding Cora & Match.
Web free money circulation was €1.31bn, or €1.57bn excluding Italy, whereas internet monetary debt rose to €3.97bn from €3.78bn.
Fourth quarter LFL gross sales elevated 1.6% to €24.29bn.
Regionally, France ROI excluding Cora & Match elevated 11.3% to €1.10bn, with margin up 31 foundation factors to three.0%.
Europe, excluding France, recorded ROI development of three.7% to €481m, led by Spain, which rose 13.5%.
Latin America ROI declined to €779m from €879m, steady at fixed alternate charges however affected by foreign money depreciation.
Throughout 2025, Carrefour accomplished the disposal of its Italian operations and raised its stake in Carrefour Brazil by way of a minority buyout.
The group additionally launched the Concordis shopping for alliance and not too long ago entered unique negotiations to promote Carrefour Romania, with completion anticipated within the second half of 2026.
Carrefour confirmed €130m of synergies from integrating Cora & Match by 2027.
The board will suggest an unusual dividend of €0.97 per share for 2025, up 5.4%, alongside a €150m particular dividend contingent on the closure of the Carrefour Romania disposal.
For 2026, the corporate expects ongoing power in France and Spain, gradual quantity restoration in Brazil, and advantages from the top of Cora & Match integration prices and refinancing of Brazilian debt.
Carrefour chairman and CEO Alexandre Bompard mentioned: “The 12 months was formed by a number of main milestones, together with the combination of the Cora & Match banners in France, the launch of our European shopping for platform Concordis, the buyout of minority pursuits in Carrefour Brazil and the disposal of Carrefour Italy, adopted by the announcement of the disposal of Carrefour Romania in early 2026.”
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