Inditex closed the first nine months of 2025 with a solid operational performance, driven by the creativity of its teams, full integration of its business model, and diversification of its formats. The collections launched during the period were well received by customers, resulting in a 2.7% increase in sales, reaching 28.171 billion euros, with a 6.2% growth at constant exchange rates. Both physical stores and online channels equally contributed to this progress.
During the third quarter, the company experienced its best period in terms of profit, with sales of 9.814 billion euros, 4.9% higher than the same quarter of the previous year (8.4% at constant exchange rates), and a record net profit of 1.831 billion euros. The gross margin stood at 6.108 billion, equivalent to 62.2% of sales, while operating expenses grew at a slower pace than sales, demonstrating efficient management.
In the accumulated nine months, Inditex continued its expansion, with openings in 39 new markets, reaching a total of 5,527 stores by the end of September. The gross margin for the period was 16.811 billion, or 59.7% of sales, and ebitda amounted to 8.303 billion. The net profit for the period was 4.622 billion, 3.9% higher than the previous year. The company maintained a strong cash generation, with a net financial position of 11.268 billion at the end of the period, and on November 3, the final dividend for the 2024 fiscal year was paid, at 0.84 euros per share.
These results reflect the strength of Inditex's business model, its ability to adapt to global demand, and the positive reception of its collections, consolidating its sustained growth in a complex international environment, with a third quarter setting a historical record for the company.