Adolfo Domínguez records first first-half profit in 15 years

Adolfo Domínguez reported turnover of 65 million euros in the first half of its 2025 financial year, from March to August. This represents a 5.4% increase on the same period of the previous financial year. The Spanish fashion company also recorded a net profit of 79,000 euros, compared with a loss of 625,000 euros in the first half of 2024.

Although the company has posted profits for three consecutive years, this is the first time in 15 years it has delivered a positive first-half result, which is also its best half-year sales since 2012, as noted in its results report. Between March and August, Adolfo Domínguez also reported EBITDA of 8.3 million euros, up 37.2% on the first half of 2024.

The company’s strategy focuses on improving the profitability of its sales. Comparing the first half of 2016 with that of 2025, it has increased sales by 14 million euros while operating 151 fewer stores; it has also moved from losses of 12.3 million euros to a net profit of 100,000 euros in the latest half-year.

Adolfo Domínguez also improved its comparable sales, which at current exchange rates grew by 7.4% in the half-year. By region, the increase was 15.6% in Mexico, 8.6% in Japan, 6.6% in Europe, and 44.4% in the rest of the world.

By channel, online sales rose 16.1% year-on-year to account for 14% of the total. Franchises grew by 16.6%, “confirming the strong reception of the brand in markets managed through local partners,” the company said. Meanwhile, corners increased sales by 8%; company-operated full-price stores grew by 2%, while outlets saw sales decline by 11%, the only channel in negative territory. The company ended the half-year with 368 points of sale, six more than a year earlier and three fewer than at the end of its full 2024-2025 financial year, in which it posted sales of 136.5 million euros.

As for debt, Adolfo Domínguez closed the first half with gross financial debt of 13.3 million euros (3 million more than in the previous half-year), while net financial debt stood at 10.5 million euros. The group’s net financial position at the end of the half-year was negative 9.5 million euros. “It remains at solid levels despite the increase in indebtedness (28.1%), resulting mainly from the partial drawdown of 12 million euros under the ‘waiver,’ which extends the financing limit to 18 million euros without requiring additional collateral,” the company said.

Between March and August 2025, beyond the purely financial aspect, Adolfo Domínguez received B Corp certification, made strategic openings in Istanbul, Andorra, Mexico City and Beirut, and returned to the runway at MBFWMadrid.