Ermenegildo Zegna Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	159.9	219.13	296.28	254.32	459.79	317.29
Short-Term Investments	69.58	12.22	28.44	26.85	25.71	27.84
Trading Asset Securities	0.04	61.53	61.62	299.12	308.53	322.33
Cash & Short-Term Investments	229.51	292.88	386.34	580.3	794.04	667.45
Cash Growth	-28.44%	-24.19%	-33.42%	-26.92%	18.96%	3.40%
Accounts Receivable	209.46	248.79	240.46	177.21	160.36	138.83
Other Receivables	34.32	32.51	31.02	15.35	14.97	15.61
Receivables	243.79	281.3	271.48	192.56	175.33	154.44
Inventory	505.68	521.02	522.59	410.85	338.48	321.47
Other Current Assets	158.31	110.97	107.23	101.95	76.7	95.79
Total Current Assets	1,137	1,206	1,288	1,286	1,385	1,239
Property, Plant & Equipment	815.71	786.24	693.56	501.65	481.94	595.77
Long-Term Investments	20.25	25.57	23.19	26.61	24.7	42.05
Goodwill	249.61	275.63	256.27	239.71	227.23	208.88
Other Intangible Assets	302.57	338.73	316	216.2	197.99	178.97
Long-Term Accounts Receivable	-	1.59	1.12	1.37	-	-
Long-Term Deferred Tax Assets	162.45	166.03	160.88	124.63	108.21	71.9
Other Long-Term Assets	39.36	34.02	28.36	26.81	29.4	77.13
Total Assets	2,727	2,834	2,767	2,427	2,458	2,415
Accounts Payable	273.36	248.61	261.1	220.79	177.8	150.26
Accrued Expenses	-	134.04	165.74	94.63	104.46	75.01
Current Portion of Long-Term Debt	179.37	192.3	290.23	288.54	171.43	119.22
Current Portion of Leases	131.5	142.96	122.64	111.46	106.64	92.84
Current Income Taxes Payable	33.59	32.39	41.98	26	28.77	33.36
Current Unearned Revenue	-	69.27	62.83	57.8	48.83	39.71
Other Current Liabilities	183.94	33.32	67.61	67.78	64.38	25.05
Total Current Liabilities	801.75	852.89	1,012	866.98	702.32	535.45
Long-Term Debt	174.42	196.4	113.29	184.88	471.65	566.6
Long-Term Leases	554.83	518.73	471.08	332.05	331.41	314.85
Pension & Post-Retirement Benefits	30.12	34.95	29.65	51.58	42.26	29.35
Long-Term Deferred Tax Liabilities	73.28	78.13	73.89	60.53	53.84	70.73
Other Long-Term Liabilities	140.41	170	166.09	198.37	211.94	253.04
Total Liabilities	1,775	1,851	1,866	1,694	1,813	1,770
Common Stock	9.15	9.15	9.15	5.94	5.94	4.3
Additional Paid-In Capital	782.59	782.59	782.59	721.19	721.19	-
Retained Earnings	702.97	687.71	640.99	553.6	499.45	894.1
Treasury Stock	-405.13	-418.35	-436.62	-451.17	-455	-76.62
Comprehensive Income & Other	-204.23	-144.98	-155.81	-150.6	-170.37	-220.01
Total Common Equity	885.35	916.12	840.29	678.95	601.21	601.76
Minority Interest	67.09	66.77	60.6	53.37	43.09	43.27
Shareholders' Equity	952.44	982.89	900.9	732.32	644.3	645.03
Total Liabilities & Equity	2,727	2,834	2,767	2,427	2,458	2,415
Total Debt	1,040	1,050	997.24	916.92	1,081	1,094
Net Cash (Debt)	-810.6	-757.51	-610.91	-336.63	-287.09	-426.06
Net Cash Per Share	-3.17	-2.98	-2.42	-1.40	-1.41	-2.11
Filing Date Shares Outstanding	254.09	252.58	250.31	248.56	242.34	4.3
Total Common Shares Outstanding	254.09	252.5	250.31	242.8	242.34	4.3
Working Capital	335.54	353.28	275.51	418.67	682.22	703.7
Book Value Per Share	3.48	3.63	3.36	2.80	2.48	139.98
Tangible Book Value	333.17	301.76	268.02	223.04	175.99	213.92
Tangible Book Value Per Share	1.31	1.20	1.07	0.92	0.73	49.76
Land	-	17.39	8.58	8.55	8.54	185.61
Machinery	-	342.29	324.26	301.82	309.37	338.17
Construction In Progress	-	10.9	5.43	5	3.43	13.33
Leasehold Improvements	-	296.18	251.57	238.19	228.9	206.64

Source: S&P Global Market Intelligence. Standard template. Financial Sources.