INDITEX : First Quarter 2026 Results

About this update from Industria De Diseno Textil, S.a.

/ In 1Q2026, Inditex maintained a solid operational performance led by the creativity of our teams and the strong execution of the fully integrated business model. / The Spring/Summer collections have been very well received by our customers. Sales grew 5.8% to reach €8.7 billion. Sales in constant currency grew 8.8%. / Gross profit increased 6.9% to €5.4 billion. The gross margin reached 61.2% (+67 bps versus 1Q2025). / All expense lines have been tightly controlled and show a favourable evolution. Operating expenses increased 6.4%. / EBITDA increased 7.3% to €2.6 billion. / EBIT increased 7.0% to €1.8 billion and PBT increased 5.5% to €1.8 billion with a PBT margin of 20.1%. / Net income increased 5.4% to €1.4 billion. / Inditex's Board of Directors will propose at the Annual General Meeting a dividend for FY2025 of €1.75 per share, composed of an ordinary dividend of €1.20 and a bonus dividend of €0.55 per share. The dividend is composed of two equal payments of €0.875 per share: the first interim payment was made on 4 May 2026 and the final dividend payment will be made on 2 November 2026 (€0.325 ordinary + €0.550 bonus). / Spring/Summer collections continue to be very well received by our customers. Store and online sales in constant currency between 1 May and 1 June 2026 increased 11.5% versus the same period in 2025, positively impacted by calendar effects. First quarter 2026: Solid operational performance In 1Q2026, Inditex maintained a solid operational performance led by the creativity of our teams and the strong execution of the fully integrated business model. Spring/Summer collections have been very well received by our customers. Sales grew 5.8% to reach €8.7 billion. Sales in constant currency grew 8.8%. In 1Q2026, Retail Optimisation activities (refurbishments, relocations, new openings and absorptions) have been conducted in 44 markets over the period. At the end of the period Inditex operated 5,456 stores. A list of total stores by concept is included in Annex I. In 1Q2026, the execution of the business model was sound. Gross profit increased 6.9% to €5.4 billion. The gross margin reached 61.2%, (+67 bps versus 1Q2025). All expense lines have been tightly controlled and show a favourable evolution. Operating expenses increased 6.4%. EBITDA increased 7.3% to €2.6 billion. EBIT increased 7.0% to €1.8 billion and PBT increased 5.5% to €1.8 ...

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