Carrefour 2025 sales grow as profit hit by currency and integration costs

French retailer Carrefour reported like-for-like (LFL) income maturation successful 2025, with unchangeable EBITDA arsenic gains successful France and Spain were offset by integration and currency pressures.

Group sales, including VAT, totalled €91.48bn ($108.25bn) successful 2025, rising 2.8% connected a LFL ground and 1.2% astatine existent speech rates, aft a 3.5% antagonistic currency interaction chiefly from the Brazilian existent and Argentine peso.

Net income reached €82.10bn portion gross borderline declined 22 ground points to 19.5%, reflecting terms investments and changes successful store mix.

Net income, radical share, dropped to €319m from €723m successful 2024, owed to higher taxation of €516m and integration costs.

Adjusted nett income was €1.09bn compared with €1.17bn a twelvemonth earlier.

EBITDA stood astatine €4.51bn, down 0.4% connected a reported ground but up 3.4% astatine changeless speech rates.

Recurring operating income (ROI) fell to €2.16bn from €2.28bn successful 2024, including €120m related to the consolidation and integration of Cora & Match retail banner and €102m of adverse currency effects.

Operating borderline was 2.6%, oregon 2.9% excluding Cora & Match.

Net escaped currency travel was €1.31bn, oregon €1.57bn excluding Italy, portion nett fiscal indebtedness roseate to €3.97bn from €3.78bn.

Fourth 4th LFL income accrued 1.6% to €24.29bn.

Regionally, France ROI excluding Cora & Match accrued 11.3% to €1.10bn, with borderline up 31 ground points to 3.0%.

Europe, excluding France, recorded ROI maturation of 3.7% to €481m, led by Spain, which roseate 13.5%.

Latin America ROI declined to €779m from €879m, unchangeable astatine changeless speech rates but affected by currency depreciation.

During 2025, Carrefour completed the disposal of its Italian operations and raised its involvement successful Carrefour Brazil done a number buyout.

The radical besides launched the Concordis buying confederation and precocious entered exclusive negotiations to merchantability Carrefour Romania, with completion expected successful the 2nd fractional of 2026.

Carrefour confirmed €130m of synergies from integrating Cora & Match by 2027.

The committee volition suggest an mean dividend of €0.97 per stock for 2025, up 5.4%, alongside a €150m peculiar dividend contingent connected the closure of the Carrefour Romania disposal.

For 2026, the institution expects ongoing spot successful France and Spain, gradual measurement betterment successful Brazil, and benefits from the extremity of Cora & Match integration costs and refinancing of Brazilian debt.

Carrefour president and CEO Alexandre Bompard said: “The twelvemonth was shaped by respective large milestones, including the integration of the Cora & Match banners successful France, the motorboat of our European buying level Concordis, the buyout of number interests successful Carrefour Brazil and the disposal of Carrefour Italy, followed by the announcement of the disposal of Carrefour Romania successful aboriginal 2026.”