Innovation and diversification drive Zara parent Inditex 2025 sales growth

The group’s net income rose 6% to $7.1b.

Inditex reported robust financial results for 2025, driven by the innovation, diversification, and flexibility of its integrated business model.

The company saw broad-based sales growth, with total revenue increasing 3.2% to $45.9b (€39.9b).

Growth was strong both in physical stores and online, with positive performance across all concepts and regions. On a constant currency basis, sales rose 7.0%.

Gross profit climbed 3.9% to $$26.7b (€23.2b), translating into a gross margin of 58.3%.

Operating expenses increased by 2.8%, remaining below the pace of sales growth. EBITDA rose 5.0% to $13b (€11.3b), EBIT grew 5.9% to $9.2b (€8b), and profit before tax increased 5.8% to $9.2b (€8b). Net income reached $7.1b (€6.2b), up 6% year-on-year.

Reflecting the strong execution of its business model, lease-adjusted funds from operations grew 7%, whilst the net cash position at year-end stood at $12.7b (€11b).

Looking ahead, Inditex expects a 5% increase in annual gross space in 2026, supported by a positive net space contribution and strong online growth.

The company plans ordinary capital expenditures of approximately $2.65b (€2.3b), focused on optimising commercial space, enhancing technological integration, and improving online platforms.

The Spring/Summer 2026 collections have been well received, with store and online sales in constant currency rising 9% between 1 February and 8 March 2026, compared with the same period in 2025.