Overview
- The group reported on Monday that 2025 net profit rose to €628 million, a 22.8% increase from 2024.
- EBITDA grew 4.7% to €1,266 million while net debt fell 8% to €1,648 million, leaving a debt-to-EBITDA ratio of 1.3x, the lowest in about twenty years.
- Retail sales accelerated in the second half of the year and the travel division grew revenue by 3.1%, with online traffic and strong fashion sales also supporting overall revenue of €17,247 million.
- Management announced a 14.6% rise in capital spending for 2026 to €650 million, saying the company will shift from fixing leverage to investing in stores, logistics and customer experience.
- Cristina Álvarez, who became president in January, framed the results as proof of the group's solidity and said they improve prospects for 2026–27 for employees, suppliers and shoppers.