FIRST HALF OF THE 2026-2027 FISCAL YEAR RESULTS
POSTED ON
Economic results Corporate
- El Corte Inglés continues on its growth trajectory and achieved a total transaction value of €8,404 million (+2.3%).
- EBITDA reached €562 million (+4.2%), with net income standing at €249 million (+11.5%) and recurring net income at €210 million (+9.1%).
- The Retail business grew by 3.3% on a like-for-like basis, supported by the strong performance of both own-brand and external-brand fashion.
- Financiera El Corte Inglés increased its revenue by 3.5%, while Seguros El Corte Inglés grew its sales by 4.6%
El Corte Inglés closed the first half of the 2026-2027 fiscal year (from 1 March to 31 August) with significant increases in both sales and results. Total transaction value amounted to €8,404 million, representing an increase of 2.3% compared with the same period of the previous year, while revenue reached €7,230 million, with growth of 2.6% on a like-for-like basis.
This positive performance enabled the Company to record significant growth in metrics such as EBITDA, which reached €562 million, 4.2% higher than in the previous year; net income, which stood at €249 million, up 11.5%; and recurring net income, which reached €210 million, up 9.1%.
With an increase of 3.3% on a like-for-like basis, Retail remains the main growth driver, boosted by Fashion & Beauty, Home & Electronics and the strong performance of the online channel.
Specifically, sales in Fashion & Beauty grew by 4% to €2,779 million, while Home & Electronics increased by 4.8% to €1,248 million. Food & Restaurants remained stable with sales standing at €1,402 million.
Viajes El Corte Inglés, for its part, showed strong resilience in an international environment marked by geopolitical tensions. Despite this, from the second half of the period, sales grew by 1.9% compared with the same period of the previous year.
As regards the financial businesses, Seguros El Corte Inglés increased its revenue by 4.6% to €160 million, with net income of €41 million, up 5.9% excluding extraordinary items. Financiera El Corte Inglés increased its revenue by 3.5% to €98 million, while net income grew by 2.4% year-on-year excluding extraordinary items.
The strength of the balance sheet and the cash flow generated during these first six months also enabled the Group to increase its investments, with €294 million allocated to commercial, logistics and technological transformation.
El Corte Inglés’ strength is also reflected in the stabilization of net financial debt at €1,624 million, representing 1.3x EBITDA.
