The Spanish multinational clothing company Inditex has obtained solid operational performance in the first nine months of 2025 (9M 2025). Sales during the period rose 2.7 percent to €28.2 billion (~$32.8 billion), or 6.2 percent in constant currency, with both in-store and online performing well. Gross profit increased by 3.2 percent to €16.8 billion, raising the gross margin to 59.7 percent.
Inditex has reported strong results for the nine months of 2025, with sales increasing 2.7 percent to €28.2 billion (~$32.8 billion) and a gross margin of 59.7 percent. Profitability improved, with EBITDA of €8.3 billion (~$9.6 billion) and net profit of €4.6 billion (~$5.3 billion). The third quarter saw steeper growth, with initial fourth-quarter sales up 10.6 percent and expansion and new technology, including soft labels, continuing to strengthen the business.
Operating expenses grew just 2.4 percent, 29 basis points below sales growth. EBITDA reached €8.3 billion (~$9.6 billion), an increase of 4.2 percent, while EBIT rose 4.8 percent to €5.9 billion. Net revenue grew 3.9 percent to €4.6 billion (~$5.3 billion).
The Group said its fully integrated model, diversified footprint and agile sourcing approach remained key to execution. Inditex opened stores in 39 markets during the period, operating a total of 5,527 establishments at the end of October. Inventory increased 4.9 percent year over year, which the company described as “high quality.”
In the third quarter of 2025, momentum strengthened further. Sales rose 4.9 percent to 9.8 billion euros, or 8.4 percent in constant currency. Gross profit rose 6.2 percent to 6.1 billion euros, and gross margin expanded to 62.2 percent, the group said in a financial statement.
EBITDA increased by 8.9 percent to €3.2 billion, while EBIT increased by 11.2 percent to €2.4 billion. Net income for the quarter increased 9 percent to €1.8 billion. The Group closed the period with 11.3 billion euros of net cash.
Trading early in the fourth quarter has been strong. Between November 1 and December 1, 2025, in-store and online sales in constant currency grew 10.6 percent compared to the same period in 2024.
Looking to the future, Inditex stated that its priority is to continue improving its fashion offering, strengthening the customer experience and advancing sustainability. It highlighted the benefits of its flexible, proximity-based sourcing model and its diversified global presence in 214 markets. Gross margin for 2025 is expected to remain stable within a band of +/-50 basis points, while currency movements are expected to have a -4 percent impact on sales.
Investment plans remain substantial. Ordinary capital expenditure is estimated at €1.8 billion for the year, complemented by a two-year, €900 million a year logistics expansion program by 2024-25. The Zaragoza II distribution center is already operational and in October the new Zara building in Arteixo, measuring 200,000 m², was inaugurated.
“Zara has launched new locations, for example in the Las Vegas Forum Shops at Caesars Palace. This week we will open a new store in Charlotte, North Carolina, as well as a standalone Zara Man store in Palazzo Verospi, Rome. In addition, we have made major relocations and renovations in Osaka Shinsaibashi, Austin The Domain, Maastricht Grote Straat and Barcelona Diagonal. We continue to introduce new soft label technology in our stores with a significant improvement in the customer experience. The new system It is already fully operational in Zara and is being implemented in Bershka and Pull&Bear,” the statement added.
Fiber2Fashion News Desk (HU)
