Industria De Diseno Textil, S.a. · BME:ITX
Industria De Diseno Textil — Q2 2026 Earnings Presentation
32 slides from Industria De Diseno Textil's earnings presentation, Sep 9, 2026
Slide 1: Inditex
INDITEX
Slide 2: Disclaimer
Disclaimer Neither this document nor the information contained herein constitutes, in any way, an offer to sell, acquire or exchange securities, nor an invitation to make any such offer, nor should it be construed as a recommendation or advice in relation to securities issued by the Inditex Group. C
Slide 3: 1H2026
1H2026
Slide 4: Solid Operating Performance
1H2026 SOLID OPERATING PERFORMANCE Sales growth +7.6%, +9.2% in CC Net Income grew +6.8% to €3.0 billion Spring/Summer collections have been very well received Store&Online sales in CC between 1 August and 7 September grew +9%
Slide 5: Inditex Today
1H2026 INDITEX TODAY Omnichannel Operational Product proximity Network 700+ 98 50+ Markets with physical stores Sourcing markets Designers creating fashion propositions 60%/20% 70% Online returns in store/ Online Products from suppliers +8 years orders pick-up in store Central Inventory Financial St
Slide 6: Long-Term Growth Potential
1H2026 LONG-TERM GROWTH POTENTIAL MARKET SHARE CONCEPTS MARKETS ~2% 8 59 Global market share Differentiated concepts addressing Sales <€50mn at least distinct customer segments one Non-Zara concept RETAIL OPTIMISATION ONLINE BROADER PROPOSITION Zara Man Standalone 5% +18% Footwear showrooms Oysho Co
Slide 7: Financial Summary
FINANCIAL SUMMARY
Slide 8: Solid Operating Performance
1H2026 SOLID OPERATING PERFORMANCE 1H26 1H25 26/25 Net sales 19,755 18,357 7.6% Gross profit 11,596 10,703 8.3% EBITDA 5,513 5,114 7.8% PBT 3,845 3,601 6.8% Net income 2,980 2,791 6.8% € million Strong customer response to our fashion proposition
Slide 9: Sales
1H2026 SALES 1H26 1H25 26/25 Net sales 19,755 18,357 7.6% Gross profit 11,596 10,703 8.3% EBITDA 5,513 5,114 7.8% PBT 3,845 3,601 6.8% Net income 2,980 2,791 6.8% € million CC sales +9.2% At current exchange rates we expect a currency impact on sales around -1% for 2026
Slide 10: Global Store & Online Sales Breakdown
1H2026 GLOBAL STORE & ONLINE SALES BREAKDOWN 1H26 1H25 Europe ex-Spain 51.5% 50.7% Americas 17.9% 17.8% Asia & ROW 15.0% 16.0% Spain 15.6% 15.5% All geographies had positive sales evolution in Constant Currency
Slide 11: Gross Profit
1H2026 GROSS PROFIT 1H26 1H25 26/25 Net sales 19,755 18,357 7.6% Gross profit 11,596 10,703 8.3% EBITDA 5,513 5,114 7.8% PBT 3,845 3,601 6.8% Net income 2,980 2,791 6.8% € million Gross profit +8.3% to €11.6bn Gross margin of 58.7% Inditex expects a stable (+/-50 bps) gross margin in 2026
Slide 12: Operating Expenses
1H2026 OPERATING EXPENSES 1H26 1H25 26/25 Op. Expenses (6,048) (5,584) 8.3% € million Operating expenses grew at 8.3%
Slide 13: Profitability
1H2026 PROFITABILITY 1H26 1H25 26/25 Net sales 19,755 18,357 7.6% Gross profit 11,596 10,703 8.3% EBITDA 5,513 5,114 7.8% PBT 3,845 3,601 6.8% Net income 2,980 2,791 6.8% € million EBITDA +7.8% to €5.5bn PBT +6.8% to €3.8bn PBT margin of 19.5%
Slide 14: Working Capital
1H2026 WORKING CAPITAL 1H26 1H25 26/25 Inventories 3,789 3,466 9% Receivables 1,158 1,241 (7)% Payables (11,912) (10,773) 11% Op. working capital (6,965) (6,066) 15% € million 1H2026 inventory +9% and is considered to be of high quality
Slide 15: Cash Flow
1H2026 CASH FLOW 1H26 1H25 26/25 Funds from Operations (*) 4,075 3,687 11% Change in working capital (470) (1,253) Cash from operations 3,605 2,434 48% Capital expenditure (1,307) (1,269) Free Cash Flow 2,299 1,165 97% € million Funds from Operations grew +11% *Cash Lease payments fixed charge added
Slide 16: Concepts
CONCEPTS
Slide 17: Net Sales by Concept
1H2026 NET SALES BY CONCEPT 1H26 1H25 Zara (Zara, Zara Home & Lefties) 13,783 13,150 Pull&Bear 1,261 1,158 Massimo Dutti 988 895 Bershka 1,678 1,438 Stradivarius 1,573 1,327 Oysho 472 389 € million Total 19,755 18,357 € million Retail optimisation activities in 51 different markets All concepts cont
Slide 18: Our Fashion Proposition
OUR FASHION PROPOSITION
Slide 19: Inditex brands
ZNX\ PULL&BEAR Massimo Dutti BERSHKA @STRADIVARIUS OYSHO ZNWIOME LEFTIES INDITEX
Slide 20: Zara Mexico Los Cabos
ZARA MEXICO LOS CABOS
Slide 21: Zara London Bond Street
ZARA LONDON BOND STREET
Slide 22: Zara Seoul Gangnam
TL | || ZARA SEOUL INGNAN r® — = on i =e ooh i een cele | | | =
Slide 23: Zara Belgium Ostend
ZARA BELGIUM OSTEND
Slide 24: Bershka Miami Aventura Mall
BERSHKA MIAMI AVENTURA MALL
Slide 25: Massimo Dutti Seoul Hannam
MASSIMO DUTTI SEOU Massimo Dutti
Slide 26: Improving the Store Technology Ecosystem
1H2026 IMPROVING THE STORE TECHNOLOGY ECOSYSTEM Soft tag technology implemented in all our stores
Slide 27: Online
1H2026 ONLINE Continuous improvements to offer a unique experience to our customers
Slide 28: Sustainability
1H2026 SUSTAINABILITY Supporting Conservation International, UNHCR and Red Cross Nueva foto
Slide 29: Outlook 2026
1H2026 OUTLOOK 2026 Annual gross space growth c.5% in 2026. Positive net space contribution Ordinary capital expenditure of around €2.3 billion
Slide 30: €1.75 Dividend for 2025
1H2026 €1.75 DIVIDEND FOR 2025 The dividend will be made up of two equal payments 4 May 2026: €0.875 per share ordinary paid 2 November 2026: €0.875 per share
Slide 31: A Strong Start to 2H2026
1H2026 A STRONG START TO 2H2026 Autumn/Winter collections have been very well received Store&Online sales in CC between 1 August and 7 September grew +9%
Slide 32: Inditex
INDITEX
Industria de Diseño Textil — Q2 2026 Earnings Presentation on 6ix