Decathlon Spain generated net revenues of €1.990 billion in full-year 2025, up 7.2 percent from the €1.857 billion of 2024. Net profit reached €84 million, a year-on-year rise of 17.4 percent from €71.4 million.
Gross merchandise volume, which folds in third-party sales through the company’s marketplace, climbed 8.1 percent to €2.342 billion, while EBITDA rose 29.6 percent to €148 million. As the figures suggest, the company enjoyed a rebound in profitability after FY24, when heavy investment in store renovation and rebranding weighed on margins (Ok Diario).
Borja Sánchez, Chief Executive of Decathlon España, tells reporters that the improvement reflects no single extraordinary factor and points instead to FY24’s comparison base: that year’s growth had been lifted by the acquisition of part of the Gatrón store network and the investment tied to it, whereas FY25’s expansion of 7 to 8 percent is organic and aligns with the company’s plans. What that pace hasn’t done is close the gap with Decathlon’s top market, France.
Spain has remained second-largest for at least the past five years. France alone accounts for roughly a quarter of group turnover, with €4.98 billion in sales for FY25. Spain’s share of group net sales has run at 11.2 percent for FY25, against 12 percent in FY23 and 11.4 percent in FY24.
Online sales made up 15.1 percent of the Spanish total, with the marketplace channel up 45 percent year-on-year. The circular business – resale, rental, repair and maintenance – grew 25 percent and now accounts for 3 percent of turnover (Modaes).
The company ended FY25 with 176 stores in Spain, after five openings (in Adeje, Valencia, Madrid, Murcia and Palma de Mallorca), the reopening of its store in Alfafar (after a flood) and an expansion in Granada. It renovated 83 stores over the course of the year, for an investment of €40 million, and brought electronic shelf labels to the full network (El Diario, Modaes).
For FY26 Decathlon Spain plans to open 14 or 15 new stores, expand another two and complete the modernization of its full Spanish network. Amid inflation of 2.6 percent, the company cut prices by around 1 percent on more than 1,000 products in its permanent range, and raised salaries by 5 percent. It plans to pursue that policy through 2026 (El Diario, Modaes).
As we’ve reported, Decathlon Spain wishes to acquire Intersport Spain’s buying group and services. Those plans remain up in the air as the company awaits a ruling. The CNMC moved its review to a second, in-depth phase in March, after finding the deal would create high concentration in technical sporting-goods retail on Tenerife. The ruling – to clear the deal, attach conditions to it or block it – was expected by late June but has yet to arrive.
In addition, Spain’s Supreme Court closed out a long-running labor dispute in January, upholding a ruling that Decathlon Spain had violated the union rights of CCOO and ordering €30,000 in damages plus a penalty for what the court called bad-faith conduct in litigation.
