Mango continues to increase sales and profits in its first full year without Isak Andic

Palace-solitán and PlegamanosThe Catalan multinational fashion company Mango increased its profit by 11% in 2025, to 242 million euros, in line with the 13% increase in turnover compared to the previous yearMango's revenue reached nearly €3.8 billion, as reported this Thursday by the company's president and CEO, Toni Ruiz. "We have managed to turn a complicated year into a record year," Ruiz stated at the press conference presenting the results at the group's headquarters in Palau-solità i Plegamans (Vallès Occidental). The CEO noted that 2025 was "the first year without our founder," referring to the death of Isak Andic in December 2024. With these results, Mango maintains the upward trend of recent years, following the initial impact on the Catalan retail sector. Compared to 2019—the last year before the COVID-19 pandemic—the multinational has increased its revenue by approximately €1.5 billion. Ruiz celebrated that the group is "growing well above the market." "Mango is experiencing the strongest period in its history," he added. Looking ahead to this year, the president has set the company's goal of reaching €4 billion in revenue.

In this regard, the company's CFO, Margarita Salvans, emphasized that it continues to "grow in an exceptionally healthy and profitable manner." "Debt is not a focus issue," said Salvans, who explained that the debt-to-EBITDA ratio (earnings before interest, taxes, depreciation, and amortization) is 0.23%, and the multinational would be "capable of paying off all its debt in three months."

Regarding EBITDA, it reached €722 million, 13% higher than the previous year, with a gross margin of 60.8%. The workforce grew last year by another 1,600 employees, reaching 18,000 worldwide.

By business line, women's clothing remains the company's mainstay, accounting for 79% of sales, while the other divisions (men's, youth, children's, and home) together contribute the remaining 21%.

Impact of the conflict in the Middle East

Regarding the impact of the armed conflict in Iran and the wider Middle East on the company's operations, Ruiz asserted that the group has a "resilient and flexible supply chain." "We are a global company, and we have been dealing with uncertainties for some time, which we are accustomed to managing with a degree of agility," he said. In this respect, the company president affirmed that the group has "mechanisms and extensive knowledge" to resolve any difficulties arising from the war and potential disruptions to logistics chains.

Although the Spanish market remains the group's largest source of revenue, the company's international business accounted for 78% of total sales last year and is spread across 120 countries. In this regard, one of the countries where the group has expanded the most is the United States, also heavily influenced by geopolitical uncertainties, in this case due to Washington's tariff policies. However, the company's expansion director, Daniel López, has reaffirmed the group's commitment to the US, which contributes 7% of the multinational's sales: "We're looking at the US with a long-term perspective. While it's true we've expanded very rapidly, it's because we intend to stay," he noted. The group is bucking the trend in the fashion industry and maintaining a high rate of opening physical stores. "Many companies in the sector are opting to close stores, but we are one of the fashion companies in the world that is opening the most," Ruiz pointed out. Specifically, Mango currently has around 2,900 points of sale worldwide and, according to Salvans, "opened or renovated a store every day of the year" in 2025. In this regard, store openings were one of the central points of the investment plan, which last year totaled 225 million euros and also focused on investments in technology and the company's campus in Vallès. A year without Andic

The fact that 2025 was the first full year without the group's founder and that the judicial investigation into his death remains open more than a year later were present at the results presentation, but the company declined to comment: "The proceedings are under seal and Mango will not make any comment on the matter," Ruiz stated.

Andic died in December 2024 after falling from a cliff while hiking in Collbató with his son Jonathan. The Martorell court handling the case initially ruled the death accidental and closed the case, but it was reopened in March of last year when the Mossos d'Esquadra (Catalan police) presented new evidence to the court. In October, the Catalan police—the force leading the investigation—will confiscate the phone Jonathan Andic's mobile phone.