Inditex has announced impressive financial results for the first nine months of financial year 2025, covering the period from February 1 to October 31. The parent company of Zara reported a net profit of €4.622 billion, marking a 3.9% year-on-year increase. Sales also saw a substantial rise of 2.7%, totaling €28.171 billion, which translates to a 6.2% increase when accounting for constant exchange rates.
All key financial indicators showed positive trends during this period. The company’s gross margin climbed 3.2% to €16.811 billion, representing 59.7% of total sales. EBITDA rose by 4.2% to €8.303 billion, while EBIT surged to €5.943 billion, up 4.8% compared to the previous year.
The Inditex financial results for the first nine months outperformed the first half of the fiscal year, where sales grew by only 1.6% (5.1% at constant exchange rates), and profits showed a modest increase of 0.8%. The company anticipates a negative currency impact of approximately 4% on sales in 2025 at current exchange rates.
Operating across 214 markets with a minimal market share in a fragmented sector, Inditex is implementing ongoing store optimization. “We expect this to drive further productivity improvements. Annual gross space growth over 2025–2026 is anticipated to be around 5%, alongside positive net growth and strong online sales,” said the parent company of brands including Bershka, Stradivarius, Massimo Dutti, Oysho, Zara Home, Lefties, and Pull&Bear.
The third-quarter figures revealed robust acceleration: from August to October, sales surged by 4.9% to €9.814 billion (an 8.4% increase at constant exchange rates), while net profit rose by 9% to €1.831 billion. Additionally, EBITDA climbed by 8.9% to €3.189 billion and EBIT increased by 11.2% to €2.372 billion. The gross margin for the third quarter also improved, growing by 6.2% to reach €6.108 billion, equating to 62.2% of total sales.
As the fourth quarter commenced, Inditex reported positive reception for its autumn-winter collections. “In-store and online sales at constant exchange rates between November 1 and December 1, 2025, grew by 10.6% compared to the same period in 2024,” the company stated.
Strategic Store Openings and Operations
In the first nine months of the financial year, Inditex expanded its footprint by opening stores in 39 new markets, culminating in a total of 5,527 stores. Significant openings included a Zara at Caesars Palace in Las Vegas, the inaugural Bershka in Denmark, a Stradivarius in Glasgow, a Zara Home in Hamburg, and an Oysho in Amsterdam.
The company aims to enhance its retail network further in the coming months. “This week we will open in Charlotte, North Carolina, as well as a standalone Zara Man store at Palazzo Verospi, Rome,” it announced.
Beyond retail, Inditex is optimizing its logistics network with the new Zaragoza II distribution center, supported by an extraordinary investment of €1.8 billion through 2024 and 2025. Additionally, in October, the company opened a new Zara building in Arteixo (A Coruña), which spans over 200,000 square meters and will cater to the product teams for Zara Woman and Zara Kids.
