Inditex recorded a record net profit of 4,622 million euros in the first nine months of its fiscal year (February to October), 3.9% higher than in the same period in 2024. In the third quarter alone (August to October), the largest Spanish listed company, owner of brands such as Zara or Massimo Dutti, generated 1,831 million euros, an 8.9% increase in annual rate.
The multinational textile company’s turnover reached 28,171 million in the analyzed period, up 2.7% year-on-year, which is also an unprecedented figure for the company, it reported to the National Securities Market Commission (CNMV). Sales at constant exchange rates increased by 6.2%.
In the third quarter, sales rose 4.9% to 9,814 million euros, an increase of 8.4% at constant exchange rates. Gross margin increased by 3.2% to EUR 16,811 million, reaching 59.7% of sales (+27 basis points). In the third quarter, gross profit margin increased by 6.2% to €6,108 million. Gross margin was 62.2% (+79 basis points) of sales.
The company highlighted that these collections were well received by its customers in the first nine months of its financial year and that all spending lines developed positively.
Operating expenses rose 2.4%, 29 basis points below sales growth.
Operating result (Ebitda) also increased by 4.2% to 8,303 million euros, while net operating result (Ebit) grew by 4.8% to reach 5,943 million euros, and profit before taxes by 3.6% to reach 5,964 million euros.
Net cash amounted to 11,268 million euros as of October 31, compared to 11,824 million euros a year ago.