This release includes, in Appendix 1, for comparison purposes, the Financial Statements excluding the effect of the IFRS16.

Financial Calendar*: Dividend Payment: 17 May H1 Results: 26 July 9M Results: 25 October

*All releases will be published after the closing of the market

> FACTSHEET

READ FACTSHEET INVESTOR RELATIONS OFFICE +351 21 752 61 05 [email protected] Cláudia Falcão: [email protected] Hugo Fernandes: [email protected]

MEDIA RELATIONS OFFICE +351 21 752 61 80 [email protected]

Rita Fragoso: [email protected] Nuno Abreu: [email protected]

Jerónimo Martins, SGPS, S.A. | Head office: Rua Actor António Silva, n. º7, 1649-033 Lisbon Share Capital: Euro 629,293,220.00 Registered at the C.R.C. of Lisbon and Tax Number: 500 100 144 www.jeronimomartins.com

FIRST QUARTER 2023 | KEY FIGURES

SALES DRIVE STRONG PERFORMANCE

EBITDA MARGIN DECLINES FOLLOWING PRICE INVESTMENT

COMPETITIVE POSITIONS REINFORCED

Sales grew 23.4% to €6.8 BN (+26.5% excl. FX)
EBITDA increased 20.1% to €446 MN (+22.7% excl. FX). EBITDA margin at 6.6% (6.7% in Q1 22)
Net Earnings at €140 MN, corresponding to an EPS of €0.22
Cash Flow at €-226 MN
- Net Debt at €1.8 BN. Net cash position (excl. IFRS 16) at c.1 BN

PERFORMANCE OVERVIEW & KEY DRIVERS

The Group had a strong start to the year, building on continued solid sales growth despite the pressure of high inflation on consumer demand in the first three months of the year.

We note comparables will be more demanding from Q2 23 onwards as 2022 incorporated progressively higher food inflation.

Our strategy remains unchanged: price competitiveness is more critical than ever to ensure consumer preference, protect volumes, and mitigate trading-down effects. This strategy delivered strong results in all countries where we operate.

In Poland, Biedronka increased volumes, mitigating the impacts of trading-down in its LFL. In Portugal and Colombia, Pingo Doce and Ara grew same-store sales despite accelerated trading-down in the quarter impacting growth rates.

As anticipated, the Group EBITDA margin fell 18b.p. versus Q1 22, reaching 6.6%, reflecting pressure on gross margins from the price investments made by all our food retail banners. The strong sales delivery, underpinned by our commercial dynamic and reinforced price competitiveness, drove a solid increase in EBITDA.

The balance sheet remains robust with the contribution of the Group's strong operating performance and despite the working capital outflow common in Q1 after a successful Christmas season. At the end of March, the Group's net cash position (excluding liabilities from capitalized operating leases) was c.1.0 billion euros.

The AGM held on 20 April approved the distribution of 345.6 million euros as dividends, corresponding to 0.55 euros per share (gross amount), to be paid by 17 May.

MESSAGE FROM THE CHAIRMAN AND CEO PEDRO SOARES DOS SANTOS

Food inflation remains high in our three geographies and keeps pressuring consumer confidence and household purchasing power. Our determination to invest in price is therefore crucial to strengthen our market positions.

The first quarter results confirm the operational and competitive strengths of our banners and their ability to read the context and to rapidly adjust their value propositions to consumers' needs.

Despite weaker consumer demand, particularly in Colombia, its evolution for the rest of 2023 will reflect the prices of food, energy, and fuel and the evolution of interest rates. We remain committed to being an anti-inflationary force by absorbing part of the pressure of rising prices on consumers. At the same time, we will work to deliver on our long-term vision by implementing our investment programme.

We remain focused on a disciplined execution of our strategy. By reinforcing our presence in our geographies, continuously improving value propositions, and creating the conditions for growth in sales volumes we best protect our businesses' profitability and sustainability.

OUTLOOK 2023

The outlook provided in our 22 March 2023 release remains essentially unchanged.

Food inflation continued to be high at the beginning of the year, with only early signs of abating. Disinflation is expected for this year, but it is still difficult to anticipate the level of reduction in inflation for the second half of the year relative to the high prices recorded in 2022.

Electricity, gas, and fuel prices remain volatile. Interest rates increased rapidly in 2022 and remain high.

In the context of fragile consumer confidence, the rise in minimum wages and continuing low unemployment rates can, in part, compensate for the persistence of inflation and the high levels of interest rates. Consumer resilience depends on the balance between all these variables and differs in the three countries where we operate.

In Poland, the consumer has become even more cautious since the last quarter of 2022, making prices more important in buying decisions. Biedronka will live up to its brand promise by keeping low prices as a priority, ensuring consumer preference, protecting sales growth, and limiting potential trading-down effects.

To get closer to its customers and improve the shopping experience, Biedronka plans to add 130-150 net locations to its store network and remodel c.350 stores, seizing the opportunities in the market.

In 2023, Hebe will focus its growth effort on the e-commerce channel, also the key vehicle for its international expansion. The banner will continue to pursue an omnichannel approach, maintaining its pace of openings (c.30 stores).

In Portugal, the challenges posed by lower consumer demand and trading-down trends will likely continue throughout 2023. Tourism is expected to remain the primary growth engine for the HoReCa sector.

Pingo Doce will invest in intensifying its promotional dynamics and maintaining a low-price policy. In addition, the company will accelerate its refurbishment programme to roll out the store model that reflects its long-term vision. This vision is based on competitive advantages and critical differentiating factors: Perishables, Private Brands, and Meal Solutions. The Company plans to remodel up to 60 stores and open c.10 new locations.

Recheio will grow through its competitive positioning in the HoReCa channel and Traditional Retail by expanding the Amanhecer network, where it already works with more than 500 partners.

In Colombia, we continue to see declines in real disposable incomes, with very high food inflation impacting the food basket mix.

Ara will remain firm in its commitment to low prices, being a strong ally of Colombian families during challenging times. The company will also increase the capillarity of its store network, to be even closer to consumers.

The expansion of the store network will continue to be a priority in 2023. The banner plans to add more than 200 new locations, maintaining a long-term vision based on market opportunity and the competitiveness of its business model.

Despite recognizing that these are demanding times, we are confident in our Companies' ability and motivation to continue to grow in sales and number of stores while at the same time improving efficiency to protect profitability. Because of cost inflation, the focus on increasing sales volumes and EBITDA will continue to pressure the EBITDA margin as a percentage of sales.

Committed to our long-term goals, investment is our priority. Our capex programme is expected to be in line with 2022: c.1 billion euros (c.45% of which is in Poland).

PERFORMANCE ANALYSIS BY BANNER

POLAND

In Poland, food inflation reached 22.9% in Q1 23 (21.9% in Q4 22). Despite the national minimum wage increase in January, consumer demand showed signs of pressure in light of persisting price increases and higher interest rates.

Biedronka reinforced its price competitiveness and commercial actions, increasing the gap between the banner's basket inflation and the country's food inflation.

Increasingly price-sensitive consumers recognized this effort. Biedronka grew volumes, limiting trading-down effects and gaining market share.

In local currency, sales grew 28.3%, with LFL at 24.5%, also benefiting from an earlier Easter period in 2023 vs. 2022. In euros, sales reached 4.8 billion, 26.0% above Q1 22.

Strong sales performance drove EBITDA to grow by 22.7% (+24.9% in local currency), with the respective margin declining 22b.p. to 8.1%. The margin decline reflects the price investment and cost inflation, particularly in labour.

Biedronka opened 17 stores in the quarter (nine net additions) and remodelled 76 locations.

Hebe's sales grew 31.9% in local currency, with LFL at 22.6%. In euros, sales reached 93 million, 29.5% above Q1 22.

The online channel continued to perform well, with a contribution, albeit marginal, from operations in Czechia and Slovakia.

EBITDA grew 25.6% (+27.9% in local currency), with the respective margin reaching 5.1% (5.2% in Q1 22). Operational leverage mitigated the impact on EBITDA of the investment required to launch the banner in the new geographies.

PORTUGAL

In Portugal, food inflation reached 20.5% in Q1 23 (19.5% in Q4 22).

Consumer demand was pressured by inflation, and there were increasing trading-down effects in food retail.

For Cash & Carry, tourism growth continued to support the HoReCa channel performance.

Pingo Doce continued to invest in strong, relevant promotions for consumers. Sales grew 9.4%, with LFL at 8.4% (excluding fuel), reaching 1.1 billion euros. Trading-down effects impacted the growth rate.

During the period, Pingo Doce opened two new stores and remodelled seven locations.

Recheio's competitiveness drove substantial sales growth in the context of healthy HoReCa growth. Sales reached 295 million euros, an increase of 29.2%, with LFL at 27.1%.

The EBITDA of Distribution Portugal reached 77 million euros, 13.5% above Q1 22, with the respective margin reaching 5.6%, in line with Q1 22.

At Pingo Doce, the EBITDA margin declined 13b.p. following price investments and tradingdown effects. At Recheio, the EBITDA margin improved, reflecting the recovery in operational leverage.

COLOMBIA

In Colombia, the already weak consumer demand further deteriorated, pressured by high, persistent food inflation (27.3% in Q4 22 and 24.0% in Q1 23).

The massive pressure on families' disposable income is driving heavy trading-down and volume declines.

In this context, Ara reinforced its price competitiveness, continuing to earn consumer preference.

Sales reached 494 million euros, 29.4% above Q1 22. In local currency, sales grew 50.8%, with LFL at 18.9%.

EBITDA grew 19.2% (+38.9% in local currency), and the respective margin reached 2.9% in Q1 23 (3.2% in Q1 22), on positive ground even excluding IFRS 16 effects. Margin performance benefited from operational leverage, although pressured by trading-down effects, and a large number of stores recently opened (189 stores in Q4 22 and another 64 in Q1 23) that need more time to reach their sales potential.

CONSOLIDATED FINANCIAL HEADINGS

Cash Flow was negative at 226 million euros, reflecting the normal Q1 working capital cycle driven by payments due to suppliers for purchases made during the strong Christmas season. The Investment Programme reached 206 million euros in the period, of which 35% was invested in Biedronka.

KEY PERFORMANCE FIGURES

CONSOLIDATED RESULTS

(€ Million)	Q1 23		Q1 22		D
Net Sales and Services	6,804		5,513		23.4%
Gross Profit	1,414	20.8%	1,184	21.5%	19.4%
Operating Costs		-967 -14.2%		-812 -14.7%	19.1%
EBITDA	446	6.6%	372	6.7%	20.1%
Depreciation	-207	-3.0%	-190	-3.4%	8.9%
EBIT	239	3.5%	182	3.3%	31.8%
Net Financial Costs	-41	-0.6%	-45	-0.8%	-9.2%
Other Profits/Losses	-6	-0.1%	-13	-0.2%	n.a.
EBT	192	2.8%	124	2.2%	55.3%
Income Tax	-50	-0.7%	-32	-0.6%	58.1%
Net Profit	142	2.1%	9 2	1.7%	54.3%
Non-Controlling Interests	-2	0.0%	-4	-0.1%	-46.7%
Net Profit Attributable to JM	140	2.1%	8 8	1.6%	59.1%

EPS (€)	0.22		0.14		59.1%
EPS without Other Profits/Losses (€)	0.23		0.16		46.2%

BALANCE SHEET

(€ Million)	Q1 23	2022	Q1 22
Net Goodwill	613	613	614
Net Fixed Assets	4,681	4,589	4,155
Net Rights of Use (RoU)	2,589	2,420	2,259
Total Working Capital	-3,545	-3,837	-2,975
Others	143	161	138
Invested Capital	4,482	3,946	4,190
Total Borrowings	477	470	450
Financial Leases	8 2	8 2	3 4
Capitalised Operating Leases	2,772	2,597	2,414
Accrued Interest	2 6	1 4	1 8
Cash and Cash Equivalents	-1,583	-1,802	-1,304
Net Debt	1,774	1,360	1,611
Non-Controlling Interests	239	254	241
Share Capital	629	629	629
Reserves and Retained Earnings	1,840	1,702	1,710
Shareholders Funds	2,708	2,585	2,579

CASH FLOW

(€ Million)	Q1 23	Q1 22
EBITDA	446	372
Capitalised Operating Leases Payment	-81	-74
Interest Payment	-38	-35
Other Financial Items	0	0
Income Tax	-49	-39
Funds From Operations	278	224
Capex Payment	-261	-201
Change in Working Capital	-241	-207
Others	-3	-12
Cash Flow	-226	-196

DISCLAIMER

Statements in this release that are forward-looking are based on current expectations of future events and are subject to risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements. The risks and uncertainties, which have increased as a result of supply chain disruptions following the Covid-19 pandemic and of the war in Ukraine that drove a food and energy crisis and persistently high inflation, relate to factors that are beyond Jerónimo Martins' ability to control or estimate precisely and include but are not limited to general economic conditions, actions taken by governmental authorities to address these events' effects and their impacts over the economy, competition, industry trends, credit markets, foreign exchange fluctuations, and regulatory developments.

The forward-looking statements herein refer only to this document and its date of publication. Unless required by applicable law or regulation, Jerónimo Martins assumes no obligation to update the information contained in this release or notify a reader if any matter stated herein changes or becomes inaccurate.

APPENDIX INCOME STATEMENT BY FUNCTIONS

1. Financial Statements

	IFRS16		Excl. IFRS16
(€ Million)	Q1 23	Q1 22	Q1 23	Q1 22
Net Sales and Services	6,804	5,513	6,804	5,513
Cost of Sales	-5,390	-4,329	-5,390	-4,329
Gross Profit	1,414	1,184	1,414	1,184
Distribution Costs	-1,045	-902	-1,076	-927
Administrative Costs	-130	-101	-130	-101
Other Operating Profits/Losses	- 6	-13	- 6	-13
Operating Profit	233	169	201	143
Net Financial Costs	-41	-45	- 4	- 9
Gains/Losses in Other Investments	0	0	0	0
Profit Before Taxes	192	124	198	134
Income Tax	-50	-32	-51	-33
Profit Before Non Controlling Interests	142	9 2	147	101
Non-Controlling Interests	- 2	- 4	- 3	- 5
Net Profit Attributable to JM	140	8 8	144	9 6

INCOME STATEMENT (Management View)

(€ Million)	(Excl. IFRS16)
	Q1 23		Q1 22		D
Net Sales and Services	6,804		5,513		23.4%
Gross Profit	1,414	20.8%	1,184	21.5%	19.4%
Operating Costs	-1,086	-16.0%	-919	-16.7%	18.2%
EBITDA	327	4.8%	265	4.8%	23.4%
Depreciation	-120	-1.8%	-110	-2.0%	9.3%
EBIT	207	3.0%	156	2.8%	33.3%
Net Financial Costs	-4	-0.1%	-9	-0.2%	-57.6%
Other Profits/Losses	-6	-0.1%	-13	-0.2%	n.a.
EBT	198	2.9%	134	2.4%	47.3%
Income Tax	-51	-0.7%	-33	-0.6%	52.7%
Net Profit	147	2.2%	101	1.8%	45.5%
Non-Controlling Interests	-3	0.0%	-5	-0.1%	-40.2%
Net Profit Attributable to JM	144	2.1%	9 6	1.7%	49.6%

EPS (€)	0.23		0.15		49.6%
EPS without Other Profits/Losses (€)	0.23		0.17		38.7%

BALANCE SHEET

	(Excl. IFRS16)
(€ Million)	Q1 23	2022	Q1 22
Net Goodwill	613	613	614
Net Fixed Assets	4,681	4,589	4,155
Total Working Capital	-3,540	-3,832	-2,971
Others	114	132	113
Invested Capital	1,868	1,501	1,911
Total Borrowings	477	470	450
Financial Leases	8 2	8 2	3 4
Accrued Interest	2 6	1 4	1 8
Cash and Cash Equivalents	-1,583	-1,802	-1,304
Net Debt	-998	-1,236	-803
Non-Controlling Interests	250	265	250
Share Capital	629	629	629
Reserves and Retained Earnings	1,986	1,843	1,835
Shareholders Funds	2,865	2,737	2,714

CASH FLOW

(€ Million)	(Excl. IFRS16)
	Q1 23	Q1 22
EBITDA	327	265
Interest Payment	1	-1
Other Financial Items	0	0
Income Tax	-49	-39
Funds From Operations	279	225
Capex Payment	-261	-201
Change in Working Capital	-242	-208
Others	-3	-11
Cash Flow	-226	-196

EBITDA BREAKDOWN

		IFRS16		Excl. IFRS16
(€ Million)	Q1 23	Mg	Q1 22	Mg	Q1 23	Mg	Q1 22	Mg
Biedronka	390	8.1%	318	8.3%	309	6.4%	246	6.4%
Hebe	5	5.1%	4	5.2%	- 2	n.a.	- 2	n.a.
Distribution Portugal	7 7	5.6%	6 8	5.6%	5 9	4.3%	5 0	4.1%
Ara	1 4	2.9%	1 2	3.2%	3	0.5%	2	0.6%
Others & Cons. Adjustments	-40	n.a.	-30	n.a.	-41	n.a.	-31	n.a.
JM Consolidated	446	6.6%	372	6.7%	327	4.8%	265	4.8%

NET FINANCIAL COSTS

(€ Million)	IFRS16		Excl. IFRS16
	Q1 23	Q1 22	Q1 23	Q1 22
Net Interest	1	-3	1	-3
Interests on Capitalised Operating Leases	-38	-33	-	-
Exchange Differences	-1	-8	-2	-4
Others	-3	-1	-3	-1
Net Financial Costs	-41	-45	-4	-9

SALES BREAKDOWN

(€ Million)	Q1 23			Q1 22		D %
		% total		% total	excl. FX	Euro
Biedronka	4,841	71.1%	3,843	69.7%	28.3%	26.0%
Hebe	9 3	1.4%	7 2	1.3%	31.9%	29.5%
Pingo Doce	1,077	15.8%	985	17.9%		9.4%
Recheio	295	4.3%	228	4.1%		29.2%
Ara	494	7.3%	382	6.9%	50.8%	29.4%
Others & Cons. Adjustments	3	0.0%	4	0.1%		-18.0%
Total JM	6,804	100%	5,513	100%	26.5%	23.4%

SALES GROWTH

	Total Sales Growth	LFL Growth
	Q1 23	Q1 23
Biedronka
Euro	26.0%
PLN	28.3%	24.5%
Hebe
Euro	29.5%
PLN	31.9%	22.6%
Pingo Doce	9.4%	8.0%
Excl. Fuel	9.9%	8.4%
Recheio	29.2%	27.1%
Ara
Euro	29.4%
COP	50.8%	18.9%
Total JM
Euro	23.4%
Excl. FX	26.5%	21.2%

STORE NETWORK

Number of Stores	2022	Openings	Closings	Q1 23	Q1 22
		Q1 23	Q1 23
Biedronka *	3,395	17	8	3,404	3,261
Hebe	315	2	2	315	292
Pingo Doce	472	2	0	474	466
Recheio	43	0	0	43	42
Ara	1,093	64	1	1,156	832

Sales Area (sqm)	2022	Openings Q1 23	Closings Remodellings Q1 23	Q1 23	Q1 22
Biedronka *	2,373,630	12,323	-2,163	2,388,115	2,255,223
Hebe	81,068	485	623	80,930	75,391
Pingo Doce	551,250	1,413	-926	553,589	539,400
Recheio	139,381	0	0	139,381	134,321
Ara	376,242	21,672	440	397,474	282,745

* Excluding the stores and selling area related to 14 Micro Fulfilment Centres (MFC) to supply Biek's operation (ultra-fast delivery)

CAPEX

(€ Million)		Q1 23 Weight		Q1 22 Weight
Biedronka	7 2	35%	5 0	50%
Distribution Portugal	4 4	22%	3 9	39%
Ara	7 9	39%	7	7 %
Others	1 0	5 %	4	4 %
Total CAPEX	206	100%	99	100%

Notes Like For Like (LFL) sales: sales made by stores that operated under the same conditions in the two periods. Excludes stores opened or closed in one of the two periods. Sales of stores that underwent profound remodelling are excluded during the period of the remodelling (store closure).

3. INCOME STATEMENT

Reconciliation notes

Following ESMA guidelines on Alternative Performance Measures from October 2015

Income Statement in this Release (Management View)	Consolidated Income Statement by Functions (in Consolidated Report and Accounts) First Quarter 2023 Results
Net Sales and Services	Net sales and services
Gross Profit	Gross profit
Operating Costs	Includes headings of Distribution costs; and Administrative costs; excluding €-207 million related with Depreciations and amortisations (note - Segments Reporting)
EBITDA
Depreciation	Value reflected in the note - Segments Reporting
EBIT
Net Financial Costs	Net financial costs
Other Profits/Losses	Includes headings of Other operating profits/losses; Gains (losses) on disposal of business (when applicable); and Gains (losses) in other investments (when applicable)
EBT	Profit before taxes
Income Tax	Income tax
Net Profit	Profit before non-controlling interests
Non-Controlling Interests	Non-Controlling interests

Net Profit Attributable to JM Net profit attributable to Jerónimo Martins Shareholders

BALANCE SHEET

Following ESMA guidelines on Alternative Performance Measures from October 2015

Balance Sheet in this Release	Consolidated Balance Sheet at 31 March 2023 (in Consolidated Report and Accounts)
Net Goodwill	Amount reflected in note Intangible assets
Net Fixed Assets	Includes the headings Tangible and Intangible assets (excluding the Net goodwill of €613 million); and adding the Financial leases (€106 million)
Net Rights of Use (RoU)	Includes the heading of Net rights of use excluding the Financial leases (€106 million)
Total Working Capital	Includes the headings Current trade debtors, accrued income and deferred costs; Inventories; Biological assets; Trade creditors, accrued costs and deferred income; Employee benefits; and also, €-50 million related to 'Others' due to its operational nature. Excludes €31 million of short-term investments that do not qualify as cash equivalents (note - Debtors, accruals and deferrals); €-4 million related with Interest accruals and deferrals heading (note - Net financial debt); and €-17 million related with dividends attributable to non-controlling interests
Others	Includes the headings Investment property; Investments in joint ventures and associates; Other financial investments; Non-Current trade debtors; Accrued income and Deferred costs; Deferred tax assets and liabilities; Income tax receivable and payable; Provisions for risks and contingencies, and €-17 million related with dividends attributable to non-controlling interests. Excludes €-50 million related to 'Others' due to its operational nature
Invested Capital
Total Borrowings	Includes the heading Borrowings current and non-current
Financial Leases	Includes the heading of Financial leases (2023: €82 million; 2022: €82 million) according with IAS 17 in place before IFRS16 adoption
Capitalised Operating Leases	Amount in the heading of Lease liabilities current and non current, excluding Financial leases (heading above)
Accrued Interest	Includes the headings Derivative financial instruments and €-4 million related with Interest accruals and deferrals (note - Net financial debt)
Cash and Cash Equivalents	Includes the heading Cash and cash equivalents and €31 million of Short-term investments that do not qualify as cash equivalents, under accounting standards (IAS 7), (note - Debtors, accruals and deferrals)
Net Debt
Non-Controlling Interests	Non-Controlling interests
Share Capital	Share capital
Reserves and Retained Earnings	Includes the headings Share premium; Own shares; Other reserves; and Retained earnings

Shareholders' Funds

CASH FLOW

Following ESMA guidelines on Alternative Performance Measures from October 2015

Cash Flow in this Release	Consolidated Cash Flow Statement (in Consolidated Report and Accounts) First Quarter 2023
EBITDA	Includes the headings Cash generated from operations before changes in working capital, including headings which did not generate cash flow, and excluding profit and losses that do not have operational nature (€3 million)
Capitalised Operating Leases Payment	Included in the heading Leases paid, excluding €3 million related with the payment of financial leases according with previous accounting standards
Interest Payment	Includes the headings of Loans interest paid; Leases interest paid; and Interest received
Income Tax	Income tax paid
Funds from Operations
Capex Payment	Includes the headings Disposal of tangible and intangible assets; Disposal of financial and investment property; Acquisition of tangible and intangible assets; Acquisition of financial investments and investment property. It also includes acquisitions of tangible assets classified as finance leases under previous accounting standards (€-3 million)
Change in Working Capital	Includes Changes in working capital added from headings which did not generate cash flow (€3 million)
Others	Includes the headings Disposal of business (when applicable); and Profit and losses which generated cash flow, although not having operational nature (€-3 million)
Cash Flow	Corresponds to the Net change in cash and cash equivalents, deducted from Dividends paid and received; Net change in loans; and Net change in Short-term investments that do not qualify as cash. It also includes acquisitions of tangible assets classified as finance leases (€-3 million) and deducted from the payment of financial leases (€3 million), both according with previous accounting standards; and also deducted from headings which did not generate cash flow (€3 million)

This release includes, in Appendix 1, for comparison purposes, the Financial Statements excluding the effect of the IFRS16.

INVESTOR RELATIONS OFFICE

2023 FIRST QUARTER RESULTS | RELEASE

+351 21 752 61 05 [email protected] Cláudia Falcão: [email protected] Hugo Fernandes: [email protected]

MEDIA RELATIONS OFFICE

+351 21 752 61 80 [email protected] Rita Fragoso: [email protected] Nuno Abreu: [email protected]

26 April 2023 | 14

Jerónimo Martins, SGPS, S.A. | Head office: Rua Actor António Silva, n. º7, 1649-033 Lisbon Share Capital: Euro 629,293,220.00 | Registered at the C.R.C. of Lisbon and Tax Number: 500 100 144

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Jeronimo Martins Earnings Release 2023

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