STATEMENT FROM THE CHAIRPERSON

Following a year of intense activity, in which we demonstrated that excitement and management can and should go hand in hand, I want to look back at the words I used to end my message to you this time last year. At the time, I said that the good results obtained in 2024, far from leaving us satisfied, would spur us to continue to innovate and strive to do everything better. And I ventured that with hard work and creativity we would be capable of continuing to generate the magic that is this great endeavour called Inditex.  

My words reflected the attitude and commitment with which this magnificent group of people has been tackling their work for decades. It is with the utmost confidence that I continue to vouch for them today.

2025 got underway amid heightened uncertainty and we were forced to stay on our toes all year long. Here at Inditex, we know there can be no excuses because the bar is set by our customers, who expect the best, and only the best, from us.

We threw ourselves into the task of offering our customers the best product and a unique and special experience in all our channels. Once again, we proved that our brands’ growth potential depends only on our ability to make a connection with our customers and create the fashion and joy they have come to expect from us.

WE WANT TO BE THE BEST, EMPLOY THE BEST AND PARTNER WITH THE BEST.

Clarity around this goal allows us to navigate tremendously demanding environments with highly satisfactory results. Faced by very uncertain scenarios, we managed to increase our performance as the year unfolded. And, as I said upfront, we did so combining excitement around each new project with responsible and efficient management of every detail of our operations.

In 2025, we celebrated the 50th anniversary of our first Zara store, half a century building on foundations forged by shared values: hard work, a refusal to settle and courage. Since those beginnings long ago, we have never taken our eye off the future. That is why we chose to celebrate that milestone by honouring our past, yes, but above all by planning and executing new initiatives, innovative ideas and increasingly ambitious projects.

WE INTEND TO CONTINUE TO ACT LIKE A YOUNG COMPANY, A COMPANY THAT BRINGS FRESHNESS TO EVERYTHING IT DOES, A COMPANY THAT DARES AND EXCITES. A COMPANY THAT SURPRISES.

We want to be at the forefront of fashion, naturally, but we also want to be at the cutting edge with our sustainability commitments and our embrace of enabling technology that supports us in our everyday work. We will continue to attract, care for and nurture the finest talent. We will continue to place people at the centre of everything we do, working to make Inditex a little more Inditex every day.