Strong Business Growth Strengthens Cencosud's Confidence in Latin America and the U.S.

• Positive outlook for Argentina and signs of recovery in Colombia.
• The growth plan advances with a focus on the United States and the consolidation of the retail ecosystem.
• A renewed corporate strategy aligned with a new common purpose was presented.

Santiago, April 25, 2025. This Friday, Cencosud S.A. held its Annual Shareholders’ Meeting at the Sky Costanera observation deck, the highest observation deck in South America, where it reaffirmed its confidence in the growth potential of its operations in Latin America and the United States, as well as its firm commitment to an innovative, sustainable and people-centered business model.

At the event, Cencosud’s CEO, Rodrigo Larraín, paid tribute to the Company’s founder, Horst Paulmann Kemna, highlighting his legacy of service, excellence and closeness as fundamental pillars of the corporate culture. “His example drives us to continue building with vision, integrity and innovation”, he said.

During his presentation, Larraín explained the implementation of a renewed strategy based on four fundamental pillars: Growth and Profitability; Innovation and Customer Experience; Retail Ecosystem; and Sustainability. This roadmap responds to a challenging environment, but full of opportunities, and is aligned with a new purpose common to the entire organization: “To serve extraordinarily at every moment”.

Larraín also shared results that reflect the effectiveness of this strategy. In 2024, Cencosud recorded revenue growth of 15.9%, reaching CLP $16,493 billion, with the United States, Chile and Peru leading the performance. In addition, Argentina showed positive signs in the midst of a complex macroeconomic context, and Colombia showed a favorable change in trend, as a result of strategic adjustments in its operation.

In line with its long-term focus, the Company reiterated its USD $610 million investment plan for 2025, which includes the opening of 24 new supermarket stores –12 of them in the United States–, remodeling of shopping centers, and a strong boost to digital transformation, including the growth of e-commerce and the strengthening of Cencosud Media, the Company’s retail media unit.

Rodrigo Larraín, CEO of Cencosud said:

“Today Cencosud is moving forward steadily, with a clear future vision and a strategy that allows us to grow in a disciplined, profitable and sustainable way. We are transforming the way we serve our customers, integrating innovation, technology and proximity in every experience”.

In the area of sustainability, Larraín noted that Cencosud is now among the 6% of companies with the best performance globally, according to the S&P Global ESG ranking, and is also making progress in corporate reputation and customer satisfaction.

The Chairman of the Board, Julio Moura, also paid an emotional tribute to Horst Paulmann and reinforced the commitment to his legacy:

“Our commitment is clear: to preserve and deepen the core values instilled in us by Mr. Horst, working tirelessly to maintain Cencosud as a regional leader in sustainability and innovation. At the same time, we project his vision into the future, building with determination a Company that is prosperous, agile and prepared for the challenges of tomorrow.”

Both senior executives agreed on the conviction that Cencosud is prepared to lead with agility the next chapters of its history, with a focus on the customer, digitalization, sustainability and the generation of shared value for all its stakeholders.

Finally, a dividend distribution equivalent to $15 per share was approved, equivalent to 30.78957% of the distributable net income, to be paid as of May 8, 2025.