Industria De Diseno Textil, S.a. · BME:ITX
Industria De Diseno Textil — H1 2025 Earnings Presentation
31 slides from Industria De Diseno Textil's earnings presentation, Sep 10, 2025
Slide 1: Inditex
INDITEX
Slide 2: Disclaimer
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Slide 3: 1H2025
1H2025
Slide 4: Solid operating performance
1H2025 SOLID OPERATING PERFORMANCE Sales growth +1.6%, +5.1% in CC Net Income grew +0.8% to €2.8 billion Autumn/Winter collections have been very well received Store&Online sales in CC between 1 August and 8 September grew +9% INDITEX
Slide 5: Global growth opportunities
1H2025 GLOBAL GROWTH OPPORTUNITIES Unique fashion proposition, optimised customer experience, sustainability and a focus on the talent and commitment of our people Operations in 214 markets with low share in a highly fragmented sector INDITEX
Slide 6: Financial Summary
Slide 7: Solid operating performance
1H2025 SOLID OPERATING PERFORMANCE 1H25 JH24 25/24 Net sales 18,357 18,065 1.6% Gross profit 10,703 10,541 1.5% EBITDA 5,114 5,040 1.5% PBT 3,601 3,598 0.1% Net income 2,791 2,768 0.8% 1.5% growth in EBITDA 0.8% growth in net income € million INDITEX
Slide 8: Sales
1H2025 SALES 1H25 1H24 25/24 Net sales 18,357 18,065 1.6% Gross profit 10,703 10,541 1.5% EBITDA 5,114 5,040 1.5% PBT 3,601 3,598 0.1% Net income 2,791 2,768 0.8% € million CC sales +5.1% At current exchange rates we expect a currency impact on sales around -4% for 2025 INDITEX
Slide 9: Global store & online sales breakdown
1H2025 GLOBAL STORE & ONLINE SALES BREAKDOWN 1H25 1H24 Europe ex-Spain 50.7% 49.9% Americas 17.8% 18.8% Asia & ROW 16.0% 16.6% Spain 15.5% 14.7% INDITEX
Slide 10: Gross profit
1H2025 GROSS PROFIT 1H25 1H24 25/24 Net sales 18,357 18,065 1.6% Gross profit 10,703 10,541 1.5% EBITDA 5,114 5,040 1.5% PBT 3,601 3,598 0.1% Net income 2,791 2,768 0.8% Gross profit +1.5% to €10.7bn Gross margin of 58.3% € million Inditex expects a stable (+/-50 bps) gross margin in 2025 INDITEX
Slide 11: Operating expenses
1H2025 OPERATING EXPENSES 1H25 1H24 25/24 Op. Expenses 5,584 5,467 2.2% € milion Rigorous control of operating expenses Operating expenses grew at 2.2% PBT margin of 19.6% INDITEX
Slide 12: Working capital
1H2025 WORKING CAPITAL 1H25 1H24 25/24 Inventories 3,466 3,363 3% Receivables 1,241 1121 1% Payables (10,773) (10,438) 3% Op. working capital (6,066) (5,954) 2% € million 1H2025 inventory +3% and is considered to be of high quality INDITEX
Slide 13: Cashflow
1H2025 CASHFLOW 1H25 1H24 25/24 Funds from Operations(*) 3,687 3,527 5% Change in working capital (1,253) (342) Cash from operations 2,434 3,185 (24%) Capital expenditure (1,269) (1,276) Free Cash Flow 1,165 1,909 (39%) Funds from Operations grew +5% “Cash Lease payments added back INDITEX
Slide 14: Concepts
CONCEPTS
Slide 15: Sales by concept
1H2025 SALES BY CONCEPT 1H25 1H24 Zara (Zara, Zara Home & Lefties) 13,150 13,0383 Pull&Bear 1,158 1,124 Massimo Dutti 895 904 Bershka 1,438 1,382 Stradivarius 1,327 1,255 Oysho 389 368 Total 18,357 18,065 € million INDITEX
Slide 16: Concepts
1H2025 CONCEPTS Store openings in 35 different markets All concepts continue with exciting new openings INDITEX
Slide 17: Stradivarius Vienna Donauzentrum
+ STRADIVARIUS VIENNA DONAUZENTRUM INDITEX
Slide 18: Our fashion proposition
Slide 19: Zara Madrid Serrano & The Apartment
Slide 20: Inditex concepts
ZA PULL&BEAR Massimo Dutti BERSHKA @STRADIVARIUS OYSHO Z\RVIOVE LEFTIES INDITEX
Slide 21: _
_INDITEX
Slide 22: | Scolds Ais
| Scolds Ais
Slide 23: Manchester Trafford Centre
y ae MANCH ESTER TRAFFORD CENTRE eZ ms INDITEX
Slide 24: Bershka Manchester Trafford Centre
Slide 25: Improving the store technology ecosystem
1H2025 IMPROVING THE STORE TECHNOLOGY ECOSYSTEM The new soft-tag technology is being rolled out in Bershka and Pull&Bear this year INDITEX
Slide 26: Sustainability
1H2025 SUSTAINABILITY The #bringyourbag initiative has reduced up to 49% the use of bags in our stores New program in collaboration with Ocean Conservancy INDITEX
Slide 27: Outlook 2025
1H2025 OUTLOOK 2025 Annual gross space growth €.5% in 2025-2026. Positive net space in the period Ordinary capital expenditure of around €1.8 billion Two-year extraordinary investments in logistics in 2024-2025. €9OOm in each year INDITEX
Slide 28: Logistics expansion on track
Slide 29: 9% dividend increase
1H2025 9% DIVIDEND INCREASE The dividend will be made up of two equal payments 2 May 2025: €0.84 per share ordinary paid 3 November 2025: €0.84 per share (€0.29 ordinary + €0.55 bonus) INDITEX
Slide 30: A strong start to 2H2025
1H2025 A STRONG START TO 2H2025 Autumn/Winter collections have been very well received Store&Online sales in CC between 1 August and 8 September grew +9% INDITEX
Slide 31: Inditex
INDITEX
Industria de Diseño Textil — H1 2025 Earnings Presentation on 6ix