Sales of the Biedronka chain, owned by the Portuguese Jeronimo Martins, in local currency increased by 5.9% in 2025, and LFL comparable sales in local currency increased by 1.9% last year. – Jeronimo Martins announced in a statement. In Q4 2025 alone, LFL sales increased by 2.4%.
In euro currency, sales in Biedronka stores amounted to EUR 25.3 billion, i.e. 7.5 percent. more than in 2024.
In the fourth quarter of 2025 alone, Biedronka's LFL sales increased by 2.4%, after an increase of 3.6%. in the third quarter and 5.3 percent growth in Q2 and a decline of 3.5%. in Q1 2025
Biedronka's EBITDA in 2025 increased by 9.8%, and in local currency it increased by 8.1%.
Biedronka's EBITDA margin was 7.9%. compared to 7.7 percent in 2024. Jeronimo Martins said in a statement that the results were influenced by sales growth, cost management and a greater focus on efficiency, which alleviated price pressure, wage increases and other costs.
In 2025, Biedronka opened 181 new stores (152 net new stores) and remodeled 200 locations.
Biedronka wants to open over 120 net new stores in Poland in 2026 and renovate approximately 250 stores. Approximately 35 stores under the Biedronka brand are planned to be opened in Slovakia in 2026.
The company plans to implement the first automated warehouse project and open a new distribution center, which will increase their total number to 18.
The Hebe drugstore chain is to expand by approximately 30 new locations in Poland this year, and the e-commerce channel will remain at the center of its development strategy.
Jeronimo Martins points out that there is still fierce competition in Poland, and consumers pay attention primarily to low prices and promotions. Food price inflation is low, so – in the company's opinion – maintaining operational discipline is crucial for profitability.
“(…) We plan to continue investing in the modernization, expansion and technological integration of our store networks and logistics infrastructure. In implementing our plans, we will pay special attention to changes in the environment, especially in the first half of 2026, and we will remain flexible to make any necessary adjustments,” wrote President Pedro Soares dos Santos.
Jeronimo Martins estimates that increased geopolitical uncertainty will remain in the first months of 2026, which affects the mood of households and other economic entities.
“In the markets where we operate, consumers are likely to continue to prioritize low prices and promotions, and the intensity of competition is unlikely to abate,” the report said.
Jeronimo Martins wants to pay out EUR 408.5 million in dividends from net profit for 2025, which amounts to EUR 0.65 gross dividend per share.
“The proposed dividend payment provides the group with flexibility to implement its expansion plans, take advantage of potential inorganic growth opportunities and maintain a strong balance sheet,” the statement said.
The Group assumes investments of approximately EUR 1.2 billion for 2026, which is the same as CAPEX in 2025.
In 2025, Jeronimo Martins had revenues of EUR 36 billion (year-on-year growth of 7.6%).
The group's EBITDA increased to EUR 2.48 billion from EUR 2.23 billion in 2024 (PAP Biznes)
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