Inditex closed the first nine months of financial 2025 — from 1 February to 31 October — with record profits, it reported on Wednesday. Zara’s parent company posted net profit of €4.622 billion for the period, up 3.9% year on year. Meanwhile, sales rose 2.7% to €28.171 billion (up 6.2% at constant exchange rates).

Inditex ended the first nine months with all indicators higher: gross margin rose 3.2% to €16.811 billion (59.7% of sales). EBITDA increased by 4.2% to €8.303 billion, while EBIT reached €5.943 billion, up 4.8% year on year.

The group improved its performance compared with the first half, when sales rose 1.6% (up 5.1% at constant exchange rates) and profit increased 0.8%. “At current exchange rates, we anticipate a negative currency impact of approximately 4% on sales in 2025,” the company said.

“Inditex operates in 214 markets with a low market share in a fragmented sector. Store optimisation remains on track and we expect this to drive further productivity improvements. Annual gross space growth over 2025–2026 is expected to be around 5%, with positive net space alongside strong online sales,” said the parent company of Zara, Bershka, Stradivarius, Massimo Dutti, Oysho, Zara Home, Lefties and Pull&Bear.

As for the third-quarter figures, they show the group accelerating: between August and October, sales grew by 4.9% to €9.814 billion (up 8.4% at constant exchange rates); net profit increased by 9% to €1.831 billion; EBITDA rose 8.9% (€3.189 billion) and EBIT 11.2% (€2.372 billion). In the third quarter, gross margin increased by 6.2% to €6.108 billion, reaching 62.2%.

At the start of the fourth quarter, Inditex said its autumn-winter collections had been well received by customers. “In-store and online sales at constant exchange rates between 1 November and 1 December 2025 grew by 10.6% compared with the same period in 2024,” the company said.

Openings in 39 markets and strategic operations

In the first nine months of the financial year, Inditex opened stores in 39 markets and ended the quarter with 5,527 stores. Among the key developments were the opening of a Zara at Caesars Palace in Las Vegas, as well as the first Bershka in Denmark, a Stradivarius in Glasgow, a Zara Home in Hamburg and an Oysho in Amsterdam.

The group will continue to expand its retail network over the remainder of the year, it said: “This week we will open in Charlotte, North Carolina, as well as a standalone Zara Man store at Palazzo Verospi, Rome”.

Beyond retail, the group is already operating its Zaragoza II distribution centre, whose development forms part of the reinforcement of its logistics network through an extraordinary investment of €1.8 billion between 2024 and 2025. And in October it inaugurated the new Zara building in Arteixo (A Coruña), with more than 200,000 square metres, intended for the product teams for Zara Woman and Zara Kids.