Spanish clothing retailer Tendam Brands reported a 26% increase in net profit, reaching €111.7m ($129.6m) for the financial year ended 28 February 2026.
Total revenue for the period increased 6.8% to €1.47bn.
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Like-for-like (LfL) sales rose 6.1% year-on-year (YoY) while earnings before interest, taxes, depreciation and amortisation (EBITDA) expanded by 9.4% to €368m.
The resulting EBITDA margin of 25.1% represented a 0.6 percentage point improvement on the prior year.
Digital sales grew 12.9% to €231.2m.
Spain, Portugal and Mexico were the group’s leading markets. Mexico saw total revenue grow 17.9% at current exchange rates, or 25.2% on a constant-currency basis.
The retailer expanded its directly operated store count in the country to 88, adding 11 locations during the year, as well as a rollout of its loyalty programme.
Sales grew across all customer segments.
The adult segment, comprising Cortefiel, Hoss Intropia, OOTO, Pedro del Hierro, and Slowlove, generated revenue of €394.6m, up 7.8%.
The specialist segment, which includes Women’secret, Dash and Stars and HI&BYE, grew 9.9% to €466.8m.
The young segment, covering Springfield, High Spirits and Springfield Kids, recorded revenue of €495m, a rise of 3.5%.
Outlet business Fifty added 5.5% to reach €111m.
Gross margin came in at 62.4%, down 0.3 percentage points from FY2024.
The group closed the year with 27.6 million unique loyalty club members and 1,844 points of sale globally, having opened a net 43 new locations, consisting of 29 company-operated stores and 14 franchise outlets.
The retailer noted that 28% of online sales were completed in physical stores, 54.8% of online orders were collected in-store and 82.3% of online returns were processed through stores.
It also said AI is currently deployed across more than 25 business applications.
Trading in the first quarter of FY26 has continued to strengthen.
Total revenue for the period from 1 March to 31 May 2026 rose 10.4% to €288.2m, with LfL growth of 9.2% and EBITDA up 11.9% to €62.7m.
The company plans to open more than 100 new points of sale during the year, with particular focus on formats, including Hoss Intropia, Slowlove, OOTO, and Dash and Stars.
Tendam chairman and CEO Jaume Miquel said: “These 2025 results underscore Tendam’s power as a unique, omnichannel ecosystem, which is unparalleled in the market. A strategically robust model that has delivered almost €1.5bn in revenue with above-market growth in total revenue, like-for-like revenue, EBITDA and net profit.
“We continue to grow in the market and strengthen our ties with customers through advanced analytics, a clear, quick adoption of artificial intelligence where it generates most value, and a sector-leading multibrand proposition.”
