Governance Jerónimo Martins, SGPS, S.A.

Jerónimo Martins, SGPS, S.A is an economic group based in Portugal with more than 230 years' experience in the food business, meeting the daily needs of millions of consumers through a value proposition that delivers quality food at competitive prices. Food Distribution is its primary business activity, which accounts for more than 98% of its consolidated sales. The Group has leadership positions in food retail in Poland and Portugal and an increasingly notable presence in Colombia. In 2025, it recorded EUR 36 billion in sales and an EBITDA of EUR 2.5 billion. The Group ended 2025 with a total of 147,709 employees and a market capitalisation of EUR 12.7 billion on Euronext Lisbon. The Biedronka chain of food stores, which aligns proximity locations and quality assortment with the most competitive prices in the Polish market, is the Group's largest business, accounting for c.70% of sales and c.80% of EBITDA. The banner marked the beginning of its international expansion with its entry into Slovakia. Also in Poland, Hebe focuses on the specialised retail of health and beauty products, continuing its expansion and in order to support its international online operations, Hebe also operates two brick-and-mortar stores in Slovakia and five in Czechia. In Portugal, the Group also has a leadership position in food distribution. It operates the banners Pingo Doce and Recheio, which are market leaders, in the country, in the supermarket and cash & carry formats, respectively. Pingo Doce is a supermarket chain that has a restaurant area in most of its stores being the largest restaurant network in the country. Recheio operates a chain of cash & carry stores and continues to expand a network of traditional retail partners under the Amanhecer banner. In Colombia, Ara operates a chain of proximity food stores, mostly set up in residential neighbourhoods. Also in Colombia, Bodega Del Canasto (BdC) operates a mini cash & carry format, a distributor for the traditional market (B2B), offering a customised solution of Private and industry brands. Through its subsidiaries in Portugal and Morocco, Jerónimo Martins Agro-Alimentar focuses on four areas of agri-food production: dairy, livestock farming, aquaculture, and fruit and vegetables. It also holds a significant financial stake in Andfjord Salmon in Norway and, in 2025, acquired a stake in Norcod, thereby establishing a presence in cod production. The Group also operates, in Portugal, the Jeronymo coffee shops and kiosks, as well as the Hussel chocolate and confectionery chain, having decided, at the end of 2025, to discontinue the latter's operations.