Sales for the six months ended July 31, 2026 increased 7.6% to €19.8 billion. In constant currency terms, sales rose 9.2%, with satisfactory development across both stores and online channels.
Gross profit increased 8.3% to €11.6 billion, with the gross margin improving to 58.7%. Operating expenses increased 8.3%.
EBITDA increased 7.8% to €5.5 billion, while EBIT rose 7.6% to €3.8 billion. Profit before tax increased 6.8% to €3.8 billion, while net income rose 6.8% to €3.0 billion.
Inditex ended the period with net cash of €10.4 billion, up 4% year-on-year. Inventory increased 9.3% to €3.8 billion, which the company said remained of high quality. The group operated 5,444 stores at the end of July, compared with 5,528 a year earlier, following retail optimisation activities across 51 markets.
Trading momentum has continued into the second half. Store and online sales in constant currency between August 1 and September 7, 2026 increased 9% compared with the same period last year, with the Autumn/Winter collections described as having been very well received.
Outlook
Looking ahead, Inditex expects annual gross space growth of around 5% in 2026, alongside positive net space contribution and strong online sales. Inditex also highlighted continued investment in stores, online platforms and centralised logistics, alongside sustainability.
