Spanish clothing company Inditex has generated sales of €18.4 billion (~$21.53 billion) in the first half (H1) of 2025, an increase of 1.6 per cent year-over-year (YoY), with constant currency growth of 5.1 per cent YoY. It delivered a steady performance, supported by strong creativity, integrated operations, and the popularity of its Spring/Summer collections.
The gross profit of the company increased 1.5 per cent to €10.7 billion, while gross margin held at 58.3 per cent. The net income climbed 0.8 per cent to €2.8 billion (~$3.28 billion). EBITDA grew 1.5 per cent to €5.1 billion and EBIT edged up 0.9 per cent to €3.6 billion, Inditex said in a press release.
Brand-wise, Zara, including Zara Home and Lefties, remained the largest contributor with sales of €13.15 billion in H1. Pull&Bear rose to €1.16 billion. Bershka advanced to €1.44 billion. Stradivarius increased to €1.33 billion and Oysho to €389 million, while Massimo Dutti eased slightly to €895 million.
Region-wise, Inditex continued to expand its global sales platform, with Europe excluding Spain accounting for the largest share at 50.7 per cent in H1. Spain contributed 15.5 per cent. America represented 17.8 per cent, while Asia and the rest of the world accounted for 16 per cent.
The store network optimisation continued, with 5,528 stores across 35 markets at period end. Investments in logistics expansion, including the Zaragoza II distribution centre and a stake in Theker Robotics, underscore Inditex’s focus on efficiency and sustainability. New technologies such as soft-tag systems are being deployed to enhance the in-store experience and integration with online platforms.
The Autumn/Winter collections have started strongly, with sales in constant currency up 9 per cent between August 1 and September 7, added the release.
Inditex has projected a stable gross margin in 2025 (+/-50 bps) but anticipates a -4 per cent currency impact on sales at current exchange rates. It reaffirmed its focus on enhancing its fashion proposition, customer care, sustainability, and team development as pillars for long-term growth.
The annual gross space is expected to grow around 5 per cent during 2025–2026, with gains in both physical and online sales. Ordinary capex is estimated at €1.8 billion, including €900 million annually for logistics expansion, to strengthen global growth opportunities.
The company also highlighted sustainability initiatives such as the #bringyourbag scheme, which cut paper bag usage by 49 per cent, and a new collaboration with Ocean Conservancy aimed at removing plastics and abandoned fishing gear from oceans.
