El Corte Inglés wins 22.8% more and reduces debt to the lowest level in 20 years
The company chaired by Cristina Álvarez obtained net profits of 628 million and placed its liabilities at 1,648 million
BarcelonaEl Corte Inglés closed the 2025-2026 fiscal year with a net profit of 628 million euros, an increase of 22.8% compared to the previous campaign. Recurring net profit, that is, that of the department stores, reached 522 million and grew by 11%. The company managed to reduce debt to 1,648 million. This evolution of liabilities places the debt level at 1.3 times ebitda, "the lowest in almost two decades", according to the company. Operating result (ebitda), of 1,266 million, increased by 4.7% over the previous year.
In the last fiscal year, which closed on February 28, the group reached consolidated revenues of 17,247 million euros, with a turnover that reached 14,988 million, representing an increase of 2% in comparable stores, the company highlights. The company chaired by Cristina Álvarez points to the boost in retail, especially in the second half of the fiscal year (+2.2%), with a total turnover of 12,633 million, with a growth of 1.8% in comparable stores. The total volume of income, 17,247 million, increased by 1.1%.
The contribution of the travel business was also important, which maintained "solid growth", of 3.1% in its turnover, up to 2,117 million, driven mainly by the vacation segment and the recovery of the corporate business. Another important variable was that of the space marketing business, with an increase of 14.4%, up to 95 million euros. Regarding this revenue stream, the company highlights the use of spaces in shopping centers for charging electric vehicles, as well as the solid performance of Kumo, El Corte Inglés' data center business, which now has a new center in Paterna (Valencia).
During the fiscal year, "a significant investment effort" was made, reaching 567 million. In any case, this new campaign will be surpassed with an increase of around 14.6%, that is, it will be 650 million, as announced by the president, Cristina Álvarez, last January. For the company's top executive, “these results demonstrate the company's solidity" and, furthermore, will allow us to "confidently tackle the coming years with more investment and growth".
