The textile giant breaks all its brands and sets a new record for sales and profits despite the complex international landscape caused by the two ongoing conflicts in Ukraine and Gaza that marked 2024 and now also the noise generated by the incipient trade war declared by Donald Trump.
If last year the owner of brands like Zara, Massimo Dutti, and Oysho broke the 5 billion euro profit barrier for the first time, this year it has exceeded it by 9%, reaching 5.886 billion euros, while revenue grew by 7.5% and reached 38.632 billion euros in the last fiscal year from February 1, 2024, to January 31, 2025, according to the results sent by the company to the CNMV this Wednesday.
However, the year-end confirms a slowdown in its growth rates that were already reflected in the results of the first nine months, for which the company was severely punished with the biggest stock market drop since 2022, for not meeting market expectations. This time, the results are in line with market forecasts, as analysts' consensus predicted a net profit of 5.8 billion euros and revenues close to 38.574 billion euros.
"The excellent sales and profit data show the strength of the profitable growth of the Inditex Group, based on the quality of the commercial offer of all our formats, efficiency in all operations, and constant innovation with which our teams drive a business model that continues to show its ambition and strength as we celebrate 50 years since the opening of our first store," said the group's CEO, Óscar García Maceiras, in the press release. This year will also mark another milestone, as in June, it will be four decades since Industria de Diseño Textil SA (Inditex) was established.
However, the focus is now on the trade war initiated by the Trump administration against the European Union and the impact it will have on Zara's owner, as the United States has been its second-largest market for some years now.
Regarding sales, the fourth quarter recorded the highest sales, as is usual since during those months, Black Friday, the Christmas campaign, and January sales take place. Thus, between November and January, the Galician group surpassed the 11 billion euro mark for the first time by reaching 11.210 billion euros, an 8.4% increase from 2023 when it reached 10.338 billion euros, the best figure since 2022. Another milestone achieved by the company in the third year of the Marta Ortega and Óscar García Maceiras tandem at the helm of Inditex.
Physical sales grew by 5.9% as a result of increasing commercial space by 2% - the company founded by Amancio Ortega opened stores in 47 markets in 2024 - and reducing the number of stores by 2.3% compared to 2023, in line with "our continuous focus on store optimization and digitalization remains key." In total, Inditex operated a total of 5,563 stores at the end of the year.
As for online sales, they grew by 12.0%, reaching 10.163 billion euros. "The connection with customers remains very strong. Active apps have reached 218 million," highlights the group.
Furthermore, the Board of Directors will propose to the General Shareholders' Meeting a 9% increase in the dividend for the 2025 fiscal year, up to 1.68 per share, consisting of a regular dividend of 1.13 and an extraordinary dividend of 0.55 per share. In fact, the dividend is composed of two equal payments: on May 2, 2025, a payment of 0.84 per share, corresponding to the regular dividend, and on November 3, 2025, a payment of 0.84 per share (0.29 regular + 0.55 extraordinary).
Additionally, Inditex has highlighted the positive data for the current year. "The Spring/Summer collections have been well received by customers. Sales in-store and online at constant exchange rates, adjusted for the calendar effect due to the leap year in 2024, increased by 4% between February 1 and March 10, 2025, compared to the same period in 2024. In the last trading week, sales in-store and online at constant exchange rates grew by 7% compared to the same period in 2024."