Jerónimo Martins

What Jerónimo Martins does

Jerónimo Martins, SGPS, S.A. is a Portugal-headquartered food distribution and specialised retail group operating across Portugal, Poland, Colombia, and Slovakia. The group runs multiple banners: Biedronka (discount supermarkets in Poland, its primary earnings driver), Pingo Doce (supermarkets in Portugal), Recheio (cash & carry in Portugal), Ara (discount supermarkets in Colombia), Hebe (health and beauty retail in Poland), and Jeronymo and Hussel (coffee and confectionery in Portugal). It also owns agro-food production assets including Best Farmer, Terra Alegre, Seaculture, and, as of October 2025, the Luís Vicente Group.

Revenue is generated almost entirely through B2C retail transactions across these banners, with FY2025 net sales of €35,991 million, EBITDA of €2.5 billion, and net profit of €646 million. Distribution is store-led through owned physical retail networks, supplemented by digital investor, sustainability, and brand communications via corporate website, LinkedIn, YouTube, Feed Magazine, and the Be The Story platform. The technology stack supporting these operations is described as a multi-format food distribution and retail technology infrastructure; the only explicitly named proprietary feature is a Digital Annual Report Platform used for investor communications.

The group is listed on Euronext Lisbon (ticker JMT, PSI 20 constituent) with its principal shareholder being the Santos family holding vehicle Francisco Manuel dos Santos B.V. Governance is led by Pedro Soares dos Santos as Chairman and CEO. Recent strategic moves include vertical integration via the Luís Vicente acquisition, a multi-year Americold partnership for frozen logistics across ~300 Portuguese stores, and a 110 MWp solar project with GreenYellow at Biedronka, all consistent with an expansion-and-efficiency strategy centered on the discount model.

Name

Jerónimo Martins

Legal name

Jerónimo Martins, SGPS, S.A.

Website

https://jeronimomartins.com

Company type

Public

Founded year

1792

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Jerónimo Martins is a Portugal-based food distribution and specialised retail group operating discount supermarkets (Biedronka in Poland, Ara in Colombia), supermarkets and cash & carry in Portugal, and specialised retail, serving tens of millions of consumers across four countries.

Ownership category

akta.pro rank

Product category

Food Distribution and Retail

NAICS

Specialty Food Retailers (4452), All Other Specialty Food Retailers (445298)

SIC

Retail-Grocery Stores (5411), Wholesale-Groceries, General Line (5141)

akta.pro primary industry

Ethnic & International Cash-and-Carry (CRAHACAD)

akta.pro secondary industries

Pan-Regional Ethnic Grocery Stores (CRAHAFAA), Ethnic & International Foods Distribution (CRAOABAG)

Keywords

• Food distribution
• Discount supermarkets
• Specialised retail
• Cash and carry
• Agribusiness production

Headquarters

HQ city

Lisboa

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Food Distribution Retail: Revenue generated from retail food sales through multiple store formats including discount supermarkets (Biedronka), supermarkets (Pingo Doce), cash & carry (Recheio), and discount chains (Ara). Full-year 2025 net sales reached EUR 35,991 million with EBITDA of EUR 2.5 billion.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Jerónimo Martins is a Portugal-based international group that operates food distribution and specialised retail through multiple store banners across Portugal, Poland, Colombia and Slovakia. Core retail banners include Biedronka (discount supermarkets in Poland), Pingo Doce (supermarkets in Portugal), Recheio (cash & carry in Portugal), and Ara (discount chain in Colombia), complemented by specialised retail (Hebe health & beauty in Poland, Jeronymo coffee shops, Hussel confectionery) and an agribusiness division producing fresh produce, wine, and aquaculture products.

Differentiator

Problem solved

Functional benefit

Brands

• Biedronka: Polish discount supermarket chain, the primary earnings driver of the group
• Pingo Doce
• Recheio
• Ara
• Hebe
• Jeronymo
• Hussel
• Best Farmer
• Terra Alegre
• Seaculture
• Feed Magazine
• Be The Story

Products and services

• Biedronka

Quantifiable outcome

• Q1 2026: Group sales rose 6.3% year-on-year to €8.9 billion, EBITDA increased 8.4% to €572 million
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• AmericoldcoreStrategic or Co-development Partner · 21 May 2026Multi-year partnership with Americold to manage temperature-controlled storage and store case pick fulfillment for frozen products. Americold handles approximately 12 million cases of frozen products annually, serving roughly 300 retail stores across Portugal from its Lisbon facility. The collaboration created more than 80 new jobs, expanding the site's workforce by more than 40%.
• GreenYellowminorStrategic or Co-development PartnerGreenYellow deployed a 110 MWp solar project with Poland's Biedronka supermarket chain as part of their corporate decarbonization initiatives. The project is part of GreenYellow's European expansion in energy efficiency and solar deployment.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Schwarz Group (Lidl & Kaufland): German-headquartered discount and full-line supermarket operator running Lidl and Kaufland across Europe, including Poland where it directly competes with Biedronka. Closest like-for-like discount-grocery peer with overlapping geographies, formats and price-positioning.
• Aldi: German hard-discount grocer expanding aggressively across Europe, including Poland. Direct competitor to Biedronka on price, private-label depth and store-network growth.
• Dino Polska: Polish mid-market supermarket chain with rapid store-network expansion in small and medium towns. Closest pure-play competitor to Biedronka within the Polish market.
• Eurocash: Polish cash-and-carry and wholesale-distribution operator, directly comparable to Recheio's B2B/wholesale model in the Portuguese market, though active in a different geography.
• Metro AG: German cash-and-carry and foodservice wholesaler (Metro, Makro). Closest direct peer to Recheio's wholesale/cash-and-carry format, with similar B2B customer focus.

Broad incumbents

• Carrefour: Large multi-format European food retailer (hypermarkets, supermarkets, discount) operating in France, Poland and other European markets. Overlaps with Pingo Doce and Recheio at the full-line and cash-and-carry end, and competes with Biedronka in Poland.
• Tesco: UK-headquartered multi-format food retailer with pan-European operations. Comparable in scale and format breadth to Jerónimo Martins, though not active in Poland or Colombia.
• Auchan: French family-controlled food retailer with hypermarkets and supermarkets across Europe including Poland. Comparable multi-format, family-controlled governance profile to Jerónimo Martins.
• Walmart: Global mass-market food retailer and the worldwide category leader. Relevant as a scale and supply-chain benchmark for Jerónimo Martins' discount and supermarket operations across multiple geographies.
• Loblaw Companies: Canada's largest food retailer operating multi-format banners across grocery, discount and pharmacy. Comparable for its multi-banner portfolio strategy, private-label focus and concentrated geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/JeronimoMartins
• LinkedInlinkedin.com/company/jeronimo-martins

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jerónimo Martins