PeaZip is a free archive manager and file manager application, an Open Source WinRar and WinZip alternative for macOS.

To install PeaZip
(1) drop peazip.app in /Applications directory
(2) open Terminal and run:
xattr -dr com.apple.quarantine /Applications/peazip.app

Create (compress to) 7Z, Brotli, BZip2, GZip, PAQ, PEA, RAR (if Rar.exe is available), TAR, WIM, XZ (lzma2), ZIP, ZIPX, ZPAQ, Zstandard files; can create SFX self-extracting archives, and spanned archives (001 split files)

Open, browse and extract APPX, APK, ARJ, CAB, DMG, IPA, ISO, JAR, LHA, MSI, UDF, RAR, TAR, ZIP files and more, 200+ archive formats supported

Convert or consolidate existing archives from any read or write-supported to any write-supported type, e.g .rar to .zip or .7z

Focused on security and data protection, provides strong encryption with optional two factor authentication (encrypt with password and keyfile), encrypted password manager, random password/keyfile generation, secure data delete (files, folders, free disk space), verify multiple hash and checksum functions.

Features tabbed browsing, saving bookmarks, search inside archives, multiple inclusion and exclusion filters, export tasks as command line scripts, save/load custom compression settings profiles.

Released as LGPLv3 software for Darwin / macOS (both Intel and aarch64 e.g. ARM M1 Apple Silicon SoC), BSD, Linux, and Microsoft Windows.
The alternative ZIP package form macOS Intel is meant for legacy OSX systems which may be unable to install DMG packages.