“We have again achieved a solid performance in this first half of 2025, with satisfactory sales in a complex market environment and keeping strong levels of profitability. The efficient execution accomplished by our teams demonstrates the strength of Inditex’s business model”, commented Óscar García Maceiras, CEO of Inditex.

First Half Results

In the first half of the 2025 financial year, the group’s sales increased by 1.6%, as compared to the same period last year, totalling 18.4 billion euros. On a constant currency basis, sales grew by 5.1%.

Inditex highlighted that customers had responded well to the spring/summer collections and announced that it had opened stores in 35 markets during this period, bringing the total number of stores it operates to 5,528.

On a comparable basis to the first half of the 2024 financial year, the company’s  gross profit rose by 1.5% to 10.7 million euros in this period, with the gross margin contracting by 5 basis points to 58.3%. 

The owner of Zara also reported an EBITDA growth of 1.5% year-on-year in the first half of the year, reaching 5.1 billion euros. First half EBIT grew by 0.9% year-on-year to 3.6 billion euros, while profit before tax increased by 0.1% to 3.6 billion euros.

Ultimately, the group’s net income totalled 2.8 billion euros in the first half of 2025, reflecting a modest 0.8% increase from the same period a year ago.

August-September 

Looking ahead, Inditex reported a 9% growth in store and online sales on a constant currency basis between the 1^st of August and the 8^th of September, as compared to the same period in 2024. This growth followed the successful launch of the autumn/winter collections.

Future 

The group is investing in strengthening its capabilities, efficiency and competitive positioning. Ordinary capital expenditure is estimated to be around 1.8 billion euros in 2025. However, an extraordinary logistics expansion programme is underway, with 900 million euros allocated each year in both 2024 and 2025. This plan aims to reinforce global growth opportunities, supported by new facilities such as the Zaragoza II distribution centre. Sustainability, advanced technology and employee well-being remain key priorities Notably, Inditex invested in Theker Robotics, an AI-driven logistics automation start-up, in July.