The Portuguese group reported a net profit of 139 million euros in its half-year results issued to the Comissão do Mercado de Valores Mobiliários (CMVM), with 102 million euros attributable to shareholders.
The company announced a record-breaking turnover, escalating from 4.267 billion euros in the first half of 2024 to 5.253 billion euros in the first half of this year.
The 23% revenue growth reflects the multinational’s organic expansion internationally, market share gains, and the consolidation of new companies within the group.
The net profit for the second quarter, from April to June, was 59 million euros, representing a similar 23% increase compared to the same period last year.
The company attributes this rise to enhanced operational performance across its portfolio companies and favorable indirect results, particularly related to the appreciation of shopping centers managed by Sonae Sierra, which includes properties like Colombo, Vasco da Gama in Lisbon, and NorteShopping, along with others in Portugal and abroad.
The group’s EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 28%, reaching 525 million euros in the first half.
Sonae emphasizes that this growth was particularly driven by contributions from Sonae MC, the group’s food segment, which includes hypermarkets Continente, supermarkets Continente Modelo, and Continente Bom Dia, along with its online operations and the Meu Super franchise network.
Cláudia Azevedo, the CEO, highlighted in the statement that the MC division saw impressive business volume growth of 25%, totaling 4.1 billion euros in the first semester, across the food, health, beauty, and wellness sectors.
Specifically for the second quarter, the company noted that Continente strengthened its leadership in Portugal’s food retail market, buoyed by a significant increase in volumes, partly due to the Easter calendar effect.
In electronics sales, marketplace, and services, Worten’s first half of 2025 business volume reached 636 million euros, a 7% year-on-year growth.
During April to June, the company gained market share driven by strong digital sales performance. The online channel remained a substantial growth driver, representing 19% of the total business volume in the quarter.
In telecommunications, where Sonae holds a 37.37% stake in NOS, the consolidated business volume of the operator was 458 million euros in the second quarter, bolstered by growth in the corporate segment.
“In Sonae’s consolidated accounts, NOS’s equity method results amounted to 20.3 million euros in the second quarter of 2025,” the company stated.
Sonae is 53.05% owned by Efanor (controlled by the family of founder Belmiro de Azevedo). Sonae itself holds a 2.76% stake (in treasury shares), while Criteria Caixa (a Spanish La Caixa group) holds a 5% stake, with 39.19% of the capital owned by other shareholders. The company is listed on the Lisbon Stock Exchange.
