The Spanish trading group Tendam achieved growth in sales and earnings in the 2025/26 financial year. This emerges from current figures that the parent company of chains such as Cortefiel, Women’secret and Springfield published on Tuesday. At the same time, the group presented its expansion plans.
In the past financial year, which ended on February 28th, group sales amounted to 1.47 billion euros. This corresponded to an increase of 6.8 percent compared to the previous year. Like-for-like sales grew by 6.1 percent.
The expansion of the branch network also contributed to the increase in sales. Last year, the group said it opened 29 of its own and 14 franchise stores. At the end of the financial year, the company had a total of 1,844 locations. Sales in the online business also developed above average, increasing by 12.9 percent.
Despite a lower gross margin, earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 9.4 percent to 368 million euros. Net profit even increased by 26 percent and reached 112 million euros.
President and CEO Jaume Miquel praised the latest figures. “The 2025/26 financial year results confirm Tendam’s strength as a unique and differentiated omnichannel ecosystem in the market,” he said in a statement. The growth in total sales, comparable sales, EBITDA and net profit is above the market average.
All segments contributed to the growth. The strongest sales division remained young fashion with the brands Springfield, High Spirits and Springfield Kids. Their revenue rose by 3.5 percent to 495 million euros. In the adult fashion sector, combined sales of the brands Cortefiel, Pedro del Hierro, Hoss Intropia, Slowlove and Ooto increased by 7.8 percent to 394.6 million euros. The lingerie and sportswear division with the brands Women’secret, Dash and Stars and Hi&Bye achieved an increase of 9.9 percent to 466.8 million euros. In the outlet segment with the Fifty chain and its Milano brand, sales rose by 5.5 percent to 110 million euros.
At the start of the new financial year, the group was able to maintain its growth course despite adverse conditions. In the first quarter, which ended on May 31, sales reached 288.2 million euros. This means it grew by 10.4 percent compared to the same period last year. EBITDA rose by 11.9 percent to 62.7 million euros, an increase of 11.9 percent.
The company also announced that it would further accelerate its strategic expansion plan. He plans to open more than 100 new stores this year. The focus is primarily on brands such as Hoss Intropia, Slowlove, OOTO and Dash and Stars. After last year was marked by the takeover by the Abu Dhabi-based investment holding company Multiply Group, 2026 marks “the beginning of the full development of Tendam’s potential,” emphasized CEO Miquel. This refers to “international expansion, the development of our own formats for the new brands, the expansion of existing business areas, the strengthening of our digital business and a decisive investment in AI to underline our competitive advantages,” said the CEO.
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