Spanish retail group El Corte Inglés reported net profit of €628m ($728.6m) for the financial year ending 28 February 2026, a 22.8% increase on the previous year.
Turnover for the period totalled €14.98bn, up from €14.78bn a year earlier, while total transaction value rose to €17.24bn from €17.05bn, with a like-for-like (LFL) growth of 2%.
The second half of the year outpaced the first.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 4.7% to €1.26bn while recurring net profit rose 11% to €522m.
The retail division reported total revenues of €13.21bn and turnover of €12.63bn, reflecting an LFL growth of 1.8%.
Within the division, fashion and beauty led performance, with sales up 3.1% to €5.88bn.
Food and hospitality generated €3.06bn, a 1.5% increase, while home and electronics stood at €2.77bn.
Digital traffic across the group’s websites and apps exceeded 1.007 billion visits, compared with 891.7 million the previous year.
Travel arm Viajes El Corte Inglés posted total revenue of €3.48bn and turnover of €2.11bn, up 3.1%, with EBITDA reaching €107m, a 6.3% rise.
Growth in the division was led by the holiday segment and the tour operator business, which includes in-house brands Tourmundial and Club de Vacaciones.
Surface commercialisation revenue grew 14.4% to €95m, driven by electric vehicle charging installations at shopping centres and the expansion of KUMO, the group’s data centre business, which opened a new site in Paterna, Valencia.
Consumer finance unit Financiera El Corte Inglés recorded net profit of €56m, up 10.7%.
Insurance division Seguros El Corte Inglés posted net profit of €71m, up 6.3%, as the number of policies rose 12% year-on-year to 1.4 million.
Chairwoman Cristina Álvarez announced in January that the group has guided for investment of €650m in the 2026–2027 financial year, approximately 14.6% above the prior year’s level.
Álvarez said: “These results demonstrate the company’s strength and enable us to look forward to the coming years with confidence, with increased investments and growth, and the aim of always ensuring a unique experience for all El Corte Inglés’ customers.”
“El Corte Inglés net profit rises 22.8% in FY25” was originally created and published by Retail Insight Network, a GlobalData owned brand.
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