š Key Financial Metrics
ā¢ š¢ Revenue: ā¬39.9B (+3.2% YoY | +7% constant FX)
ā¢ š¢ EBITDA: ā¬11.27B (+5%)
ā¢ š¢ EBIT: ā¬7.99B (+5.9%)
ā¢ š¢ Net Profit: ā¬6.22B (+6%)
ā¢ š¢ Gross Margin: ā¬23.22B (58.3%)
ā¢ š¢ Dividend: ā¬1.75/share (incl. ā¬0.55 extraordinary)
š§± Operational Performance
ā¢ š¢ Sales growth remains strong despite FX headwinds.
ā¢ š¢ Operating expenses grew +2.8%, below revenue growth.
ā¢ š¢ Strong operating leverage driving profit expansion.
š° Financial Strength
ā¢ š¢ Net Cash: ā¬10.96B
ā¢ š¢ Cash generation remains very strong.
ā¢ š¢ One of the strongest balance sheets in global retail.
š Strategic Execution
ā¢ š¢ Fully integrated store + online model continues to outperform.
ā¢ š¢ Continued optimization of the store network.
ā¢ š¢ Significant investment in technology and logistics.
š® 2026 Outlook
ā¢ š¢ Sales growth +9% (Feb 1 ā Mar 8 at constant FX).
ā¢ š¢ Retail space expected to grow ~5% in 2026.
ā¢ š¢ ā¬2.3B investment plan focused on store optimization and digital platforms.
Summary
Inditex continues to deliver a very strong operational performance, with record levels of sales, EBITDA and net profit. The company combines disciplined cost control, strong cash generation and a highly scalable omnichannel model. With ā¬10.9B in net cash and continued investment in store optimization and digital platforms, Inditex remains one of the most profitable and resilient global retailers.