Ermenegildo Zegna Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,917	1,947	1,905	1,493	1,292
Revenue Growth (YoY)	-1.53%	2.21%	27.58%	15.51%	27.36%
Cost of Revenue	622.91	650.09	680.24	564.83	495.7
Gross Profit	1,294	1,297	1,224	928.01	796.7
Selling, General & Admin	1,034	1,008	901.36	695.08	822.9
Other Operating Expenses	120.69	121.38	114.8	85.15	67.83
Total Operating Expenses	1,155	1,130	1,016	780.23	890.73
Operating Income	139.48	166.85	208.15	147.78	-94.03
Interest Income	41.51	26.03	37.28	13.32	45.89
Interest Expense	-50.47	-52	-68.12	-54.35	-43.82
Other Non-Operating Income (Expense)	9.52	-10.28	-8.22	-5.67	-5
Total Non-Operating Income (Expense)	0.56	-36.24	-39.05	-46.7	-2.93
Pretax Income	140.04	130.61	169.09	101.08	-96.96
Provision for Income Taxes	30.56	39.75	33.43	35.8	30.7
Net Income	98.58	77.08	121.53	51.48	-136
Minority Interest in Earnings	10.91	13.78	14.13	13.8	8.34
Net Income to Common	98.58	77.08	121.53	51.48	-136
Net Income Growth	27.89%	-36.57%	136.06%	-	-
Shares Outstanding (Basic)	260	252	247	238	203
Shares Outstanding (Diluted)	261	254	252	241	203
Shares Change (YoY)	2.84%	0.74%	4.87%	18.25%	0.59%
EPS (Basic)	0.38	0.31	0.49	0.22	-0.67
EPS (Diluted)	0.38	0.30	0.48	0.21	-0.67
EPS Growth	26.67%	-37.50%	128.57%	-	-
Free Cash Flow	255.06	179.03	218.35	97.28	201.46
Free Cash Flow Growth	42.47%	-18.01%	124.44%	-51.71%	365.51%
Free Cash Flow Per Share	0.98	0.70	0.87	0.40	0.99
Dividends Per Share	0.120	0.120	0.120	0.100	0.090
Dividend Growth	-	-	20.00%	11.11%	-
Gross Margin	67.51%	66.60%	64.28%	62.16%	61.64%
Operating Margin	7.28%	8.57%	10.93%	9.90%	-7.28%
Profit Margin	5.71%	4.67%	7.12%	4.37%	-9.88%
FCF Margin	13.31%	9.20%	11.46%	6.52%	15.59%
EBITDA	399.4	402.8	403.1	321.3	69.34
EBITDA Margin	20.84%	20.69%	21.17%	21.52%	5.37%
EBIT	139.48	166.85	208.15	147.78	-94.03
EBIT Margin	7.28%	8.57%	10.93%	9.90%	-7.28%
Effective Tax Rate	21.82%	30.43%	19.77%	35.42%	-31.66%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q