, with EBITDA €722m and online at 32% of sales. It now targets nearly €4bn in 2026.){kind=link}
Mango extended its growth streak in 2025, turning in its strongest top-line performance to date and reinforcing management’s confidence in the company’s multi-year 4E roadmap. Presenting annual results on 5 March at the brand’s headquarters in Palau-solità i Plegamans, near Barcelona, executives said the Spanish label delivered Mango 2025 record revenue of €3.767bn, representing a 13% increase year on year. On a constant-currency basis, revenue growth was even stronger at 16%.
“2025 was a very demanding year, the first without our founder, but we achieved record results, confirming the success of our 4E strategic plan,” said Toni Ruiz, president and CEO of Mango, speaking at the press conference.
The group’s profit metrics broadly moved in step with sales. EBITDA reached €722m, rising 13% from the prior year and tracking the trajectory Mango has set out under its 2024–2026 plan. Net profit grew 11% to €242m, while gross margin held steady at 60.8%. Mango also reported a low leverage position, with a debt-to-EBITDA ratio of 0.23%.
Womenswear remained the engine room of the business, contributing 79% of total revenue. The rest of the portfolio—menswear, kids and teen, plus home linen—accounted for the remaining 21%, unchanged from the year before. Digital continued to gain weight in the mix, with online sales rising to represent 32% of revenue, supporting the scale and resilience behind the Mango 2025 record revenue figure.
International markets continued to dominate the group’s sales profile. Mango said it advanced its internationalisation agenda with particular focus on France, Turkey, Germany and the United States, followed by activity in Italy, the UK and Portugal. Overall, markets outside Spain generated 78% of group revenue, underlining how central global demand has become to the brand’s expansion model.
Physical retail expansion remained active throughout the year. Mango opened more than 260 stores, resulting in 87 net new locations. By the end of 2025, the company operated 2,931 stores across more than 120 markets, marking a 3.1% increase on 2024. Mango said its store strategy was supported by an investment of around €225m, directed toward opening and refurbishing shops as well as upgrading logistics and technology capabilities—areas increasingly critical to supporting faster replenishment, omnichannel operations and international scale.
Looking ahead, Mango is maintaining an ambitious near-term trajectory. The company—founded in 1984 by Isak Andic and now led by Ruiz—said it expects revenue to approach €4bn in fiscal 2026, consistent with the targets outlined in the 4E plan. Management indicated it will continue to prioritise international growth, while also advancing sustainability commitments, expanding logistics capacity and selectively growing the store network.