Ermenegildo Zegna NV's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ermenegildo Zegna NV reported revenue of $1.9B (-1.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $1.9B | $1.9B | $1.9B | $1.5B |
| Cost of sales | ($622.9M) | ($650.1M) | ($680.2M) | — |
| Gross profit | $1.3B | $1.3B | $1.2B | — |
| Selling, general and administrative expenses | ($1.0B) | ($1.0B) | ($901.4M) | — |
| Marketing expenses | ($120.7M) | ($121.4M) | ($114.8M) | — |
| Operating profit | $139.5M | $166.9M | $208.1M | $147.8M |
| Financial income | $41.5M | $26.0M | $37.3M | $13.3M |
| Financial expenses | ($50.5M) | ($52.0M) | ($68.1M) | ($54.3M) |
| Foreign exchange gains/(losses) | $9.0M | ($11.3M) | ($5.3M) | ($7.9M) |
| Result from investments accounted for using the equity method | $524.0K | $1.1M | ($3.0M) | $2.2M |
| Profit before taxes | $140.0M | $130.6M | $169.1M | $101.1M |
| Income taxes | ($30.6M) | ($39.7M) | ($33.4M) | ($35.8M) |
| Profit | $109.5M | $90.9M | $135.7M | $65.3M |
| Shareholders of the Parent Company | $98.6M | $77.1M | $121.5M | $51.5M |
| Non-controlling interests | $10.9M | $13.8M | $14.1M | $13.8M |
| Basic earnings per share in Euro (in EUR per share) | $0.38 | $0.31 | $0.49 | $0.22 |
| Diluted earnings per share in Euro (in EUR per share) | $0.38 | $0.30 | $0.48 | $0.21 |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Revenues | $987.3M | $927.7M | $960.1M | $903.1M |
| Cost of sales | ($319.5M) | ($301.7M) | ($322.7M) | ($323.2M) |
| Gross profit | $667.8M | $626.0M | $637.4M | $579.8M |
| Selling, general and administrative expenses | ($531.1M) | ($501.8M) | ($497.6M) | ($415.8M) |
| Marketing expenses | ($68.2M) | ($62.9M) | ($66.8M) | ($47.5M) |
| Operating profit | $68.5M | $61.3M | $73.1M | $116.5M |
| Financial income | $9.4M | $21.2M | $12.1M | $15.6M |
| Financial expenses | ($29.0M) | ($25.4M) | ($29.3M) | ($44.6M) |
| Foreign exchange (losses)/gains | ($3.1M) | $10.2M | ($7.7M) | ($7.0M) |
| Result from investments accounted for using the equity method | $644.0K | $659.0K | $314.0K | ($2.2M) |
| Profit before taxes | $46.5M | $68.0M | $48.5M | $78.3M |
| Income taxes | ($18.1M) | ($20.1M) | ($17.2M) | ($26.2M) |
| Profit | $28.4M | $47.9M | $31.3M | $52.1M |
| Shareholders of the Parent Company | $23.2M | $43.1M | $25.1M | $46.0M |
| Non-controlling interests | $5.3M | $4.8M | $6.2M | $6.1M |
| Basic earnings per share in Euro (in EUR per share) | $0.09 | $0.17 | $0.10 | $190.00 |
| Diluted earnings per share in Euro (in EUR per share) | $0.09 | $0.17 | $0.10 | $190.00 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Intangible assets | $554.1M | $614.4M | $572.3M | $455.9M |
| Property, plant and equipment | $211.2M | $204.8M | $159.6M | $126.1M |
| Right-of-use assets | $652.4M | $581.4M | $534.0M | $375.5M |
| Investments accounted for using the equity method | $24.2M | $19.7M | $18.8M | $22.6M |
| Deferred tax assets | $164.0M | $166.0M | $160.9M | $124.6M |
| Other non-current financial assets | $38.5M | $41.5M | $33.9M | $36.2M |
| Total non-current assets | $1.6B | $1.6B | $1.5B | $1.1B |
| Inventories | $506.9M | $521.0M | $522.6M | $410.9M |
| Trade receivables | $227.1M | $248.8M | $240.5M | $177.2M |
| Derivative financial instruments | $7.1M | $1.7M | $11.1M | $22.5M |
| Tax receivables | $33.1M | $32.5M | $31.0M | $15.3M |
| Other current financial assets | $77.4M | $77.3M | $90.9M | $320.9M |
| Other current assets | $118.5M | $105.7M | $95.3M | $84.6M |
| Cash and cash equivalents | $220.1M | $219.1M | $296.3M | $254.3M |
| Total current assets | $1.2B | $1.2B | $1.3B | $1.3B |
| Total assets | $2.8B | $2.8B | $2.8B | $2.4B |
| Equity attributable to shareholders of the Parent Company | $1.0B | $916.1M | $840.3M | $678.9M |
| Equity attributable to non-controlling interests | $68.1M | $66.8M | $60.6M | $53.4M |
| Total equity | $1.1B | $982.9M | $900.9M | $732.3M |
| Non-current borrowings | $162.1M | $196.4M | $113.3M | $184.9M |
| Other non-current financial liabilities | $105.6M | $146.4M | $136.6M | $178.8M |
| Non-current lease liabilities | $590.7M | $518.7M | $471.1M | $332.1M |
| Non-current provisions for risks and charges | $20.7M | $23.6M | $19.8M | $19.6M |
| Employee benefits | $30.1M | $34.9M | $29.6M | $51.6M |
| Deferred tax liabilities | $76.0M | $78.1M | $73.9M | $60.5M |
| Total non-current liabilities | $985.2M | $998.2M | $854.0M | $827.4M |
| Current borrowings | $84.1M | $177.2M | $289.3M | $286.2M |
| Current lease liabilities | $140.9M | $143.0M | $122.6M | $111.5M |
| Derivative financial instruments | $4.6M | $15.1M | $897.0K | $2.4M |
| Current provisions for risks and charges | $23.1M | $16.8M | $16.0M | $14.0M |
| Trade payables and customer advances | $326.2M | $309.8M | $314.1M | $270.9M |
| Tax liabilities | $26.8M | $32.4M | $42.0M | $26.0M |
| Other current liabilities | $144.7M | $158.7M | $205.0M | $118.8M |
| Total current liabilities | $750.4M | $852.9M | $1.0B | $867.0M |
| Total equity and liabilities | $2.8B | $2.8B | $2.8B | $2.4B |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 |
|---|---|---|---|---|
| Intangible assets | $562.1M | $552.2M | $594.9M | $543.9M |
| Property, plant and equipment | $231.0M | $201.7M | $176.1M | $148.4M |
| Right-of-use assets | $835.7M | $614.0M | $561.2M | $528.7M |
| Investments accounted for using the equity method | $24.7M | $20.2M | $19.1M | $12.7M |
| Deferred tax assets | $195.9M | $162.5M | $165.3M | $139.4M |
| Other non-current financial assets | $40.6M | $39.4M | $36.1M | $37.6M |
| Total non-current assets | $1.9B | $1.6B | $1.6B | $1.4B |
| Inventories | $544.7M | $505.7M | $540.8M | $545.2M |
| Trade receivables | $192.3M | $209.5M | $216.7M | $217.2M |
| Derivative financial instruments | $9.3M | $32.2M | $4.3M | $18.0M |
| Tax receivables | $34.6M | $34.1M | $36.1M | $17.7M |
| Other current financial assets | $71.6M | $71.3M | $99.5M | $109.9M |
| Other current assets | $119.6M | $124.7M | $106.0M | $99.7M |
| Cash and cash equivalents | $226.7M | $159.9M | $225.3M | $255.0M |
| Total current assets | $1.2B | $1.1B | $1.2B | $1.3B |
| Total assets | $3.1B | $2.7B | $2.8B | $2.7B |
| Equity attributable to shareholders of the Parent Company | $1.0B | $885.4M | $852.7M | $762.0M |
| Equity attributable to non-controlling interests | $73.2M | $67.1M | $61.5M | $53.0M |
| Total equity | $1.1B | $952.4M | $914.2M | $814.9M |
| Non-current borrowings | $128.1M | $174.4M | $218.1M | $112.7M |
| Other non-current financial liabilities | $109.7M | $118.6M | $141.2M | $151.7M |
| Non-current lease liabilities | $780.7M | $554.8M | $497.5M | $463.6M |
| Non-current provisions for risks and charges | $20.1M | $21.9M | $20.3M | $16.6M |
| Employee benefits | $32.6M | $30.1M | $35.7M | $28.1M |
| Deferred tax liabilities | $90.3M | $73.3M | $77.8M | $63.9M |
| Total non-current liabilities | $1.2B | $973.1M | $995.6M | $836.7M |
| Current borrowings | $96.7M | $174.2M | $168.0M | $283.1M |
| Current lease liabilities | $146.5M | $131.5M | $133.6M | $121.8M |
| Derivative financial instruments | $19.4M | $5.1M | $2.7M | $2.2M |
| Current provisions for risks and charges | $20.8M | $17.5M | $13.1M | $15.5M |
| Trade payables and customer advances | $317.1M | $273.4M | $281.8M | $297.0M |
| Tax liabilities | $36.9M | $33.6M | $42.0M | $46.9M |
| Other current liabilities | $179.1M | $166.4M | $230.4M | $232.2M |
| Total current liabilities | $816.4M | $801.8M | $871.5M | $1.0B |
| Total equity and liabilities | $3.1B | $2.7B | $2.8B | $2.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income / (loss) | $109.5M | $90.9M | $135.7M | $65.3M |
| Income taxes | $30.6M | $39.7M | $33.4M | $35.8M |
| Depreciation, amortization and impairment of assets | $259.9M | $235.9M | $195.0M | $173.5M |
| Financial income | ($41.5M) | ($26.0M) | ($37.3M) | ($13.3M) |
| Financial expenses | $50.5M | $52.0M | $68.1M | $54.3M |
| Foreign exchange (gains)/losses | ($9.0M) | $11.3M | $5.3M | $7.9M |
| Accruals to the provision for obsolete inventory | $2.5M | $25.7M | $31.9M | $28.6M |
| Accruals/(Releases) for other provisions | $8.4M | $8.2M | ($1.2M) | $14.0K |
| Result from investments accounted for using the equity method | ($524.0K) | ($1.1M) | $3.0M | ($2.2M) |
| Other non-cash expenses, net | $47.7M | $51.3M | $66.6M | $23.1M |
| Change in inventories | ($23.6M) | ($5.9M) | ($72.8M) | ($103.1M) |
| Change in trade receivables | ($3.0M) | ($12.6M) | ($51.0M) | ($15.6M) |
| Change in trade payables including customer advances | $24.2M | ($13.1M) | $11.7M | $43.5M |
| Change in other operating assets and liabilities | ($43.0M) | ($86.4M) | ($20.5M) | ($38.2M) |
| Interest paid | ($39.6M) | ($38.1M) | ($29.2M) | ($24.9M) |
| Income taxes paid | ($37.5M) | ($52.8M) | ($54.0M) | ($49.3M) |
| Net cash flows from operating activities | $335.6M | $279.1M | $275.4M | $146.4M |
| Payments for property, plant and equipment | ($80.5M) | ($100.1M) | ($57.0M) | ($49.1M) |
| Payments for intangible assets | ($22.4M) | ($25.4M) | ($20.8M) | ($24.2M) |
| Payments related to right-of-use assets | ($2.9M) | — | — | — |
| Proceeds from disposals of non-current financial assets | $289.0K | $334.0K | $2.3M | $2.6M |
| Payments for purchases of non-current financial assets | ($1.2M) | ($4.2M) | ($2.6M) | ($111.0K) |
| Proceeds from the sale of investment | $0 | $7.6M | — | — |
| Proceeds from disposals of current financial assets and derivative instruments | $16.3M | $41.4M | $270.3M | $46.5M |
| Payments for acquisitions of current financial assets and derivative instruments | ($15.1M) | ($26.3M) | ($37.0M) | ($32.4M) |
| Business combinations, net of cash acquired | $0 | ($19.3M) | ($117.7M) | ($585.0K) |
| Acquisition of investments accounted for using the equity method | ($4.4M) | $0 | ($15.7M) | $0 |
| Net cash flows (used in)/from investing activities | ($109.9M) | ($126.0M) | $21.8M | ($57.3M) |
| Repayments of borrowings | ($178.7M) | ($290.8M) | ($306.1M) | ($159.7M) |
| Proceeds from borrowings | $49.9M | $259.7M | $204.4M | $0 |
| Payments of lease liabilities | ($147.7M) | ($143.5M) | ($125.7M) | ($121.6M) |
| Repayments of other non-current financial liabilities | ($110.0K) | $0 | $0 | ($3.9M) |
| Deferred payments for business combinations | ($9.1M) | — | — | — |
| Sales of shares held in treasury | 107.2M | 0 | 3.7M | — |
| Dividends to owners of the parent | ($30.5M) | ($30.3M) | ($25.0M) | ($21.9M) |
| Dividends paid to non-controlling interests | ($6.8M) | ($6.1M) | ($6.1M) | ($4.2M) |
| Contribution from non-controlling interests | $721.0K | $0 | $0 | — |
| Payments for acquisition of non-controlling interests | $0 | ($23.5M) | $0 | $0 |
| Proceeds from the exercise of warrants | $0 | $0 | $4.4M | — |
| Net cash flows used in financing activities | ($215.1M) | ($234.5M) | ($250.5M) | ($297.0M) |
| Effects of exchange rate changes on cash and cash equivalents | ($9.6M) | $4.3M | ($4.7M) | $2.5M |
| Net increase/(decrease) in cash and cash equivalents | $991.0K | ($77.1M) | $42.0M | ($205.5M) |
| Cash and cash equivalents at the beginning of the year | $219.1M | $296.3M | $254.3M | $459.8M |
| Cash and cash equivalents at the end of the year | $220.1M | $219.1M | — | — |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Profit | $28.4M | $47.9M | $31.3M | $52.1M |
| Income taxes | $18.1M | $20.1M | $17.2M | $26.2M |
| Depreciation, amortization and impairment of assets | $124.9M | $128.4M | $113.5M | $87.0M |
| Financial income | ($9.4M) | ($21.2M) | ($12.1M) | ($15.6M) |
| Financial expenses | $29.0M | $25.4M | $29.3M | $44.6M |
| Foreign exchange losses/(gains) | $3.1M | ($10.2M) | $7.7M | $7.0M |
| Accruals to the provision for obsolete inventory | $18.3M | $15.0M | $7.8M | $19.3M |
| Accruals/(Releases) for other provisions | $643.0K | — | $1.4M | $962.0K |
| Result from investments accounted for using the equity method | ($644.0K) | ($659.0K) | ($314.0K) | $2.2M |
| Other non-cash expenses, net | $25.7M | $18.6M | $36.1M | $18.8M |
| Change in inventories | ($45.4M) | ($26.7M) | ($21.6M) | ($79.5M) |
| Change in trade receivables | $39.3M | $26.5M | $21.3M | ($26.9M) |
| Change in trade payables including customer advances | ($3.9M) | ($17.5M) | ($28.4M) | $3.7M |
| Change in other operating assets and liabilities | ($28.3M) | ($52.6M) | ($42.3M) | $2.9M |
| Interest paid | ($20.6M) | ($20.7M) | ($19.6M) | ($13.5M) |
| Income taxes paid | ($21.4M) | ($20.7M) | ($21.0M) | ($21.8M) |
| Net cash flows from operating activities | $157.8M | $105.7M | $120.4M | $107.6M |
| Payments for property, plant and equipment | ($48.9M) | ($42.1M) | ($47.9M) | ($25.7M) |
| Payments for intangible assets | ($15.1M) | ($11.9M) | ($12.2M) | ($8.8M) |
| Payments related to right-of-use assets | $0 | ($1.8M) | — | — |
| Proceeds from disposals of non-current financial assets | $150.0K | $287.0K | — | $0 |
| Payments for purchases of non-current financial assets | ($3.1M) | ($540.0K) | ($1.3M) | ($585.0K) |
| Proceeds from disposals of current financial assets and derivative instruments | $27.0M | $10.6M | $15.7M | $221.9M |
| Payments for acquisitions of current financial assets and derivative instruments | ($15.6M) | ($4.3M) | ($21.4M) | ($6.0M) |
| Business combinations, net of cash acquired | ($1.1M) | $0 | ($14.6M) | ($108.6M) |
| Acquisition of investments accounted for using the equity method | $0 | ($355.0K) | $0 | ($11.2M) |
| Net cash flows used in investing activities | ($56.6M) | ($50.0M) | ($81.7M) | $61.0M |
| Proceeds from borrowings | $95.3M | $139.9M | $154.7M | $65.0M |
| Repayments of borrowings | ($117.8M) | ($166.5M) | ($174.2M) | ($173.4M) |
| Repayments of other non-current financial liabilities | $0 | ($110.0K) | — | $0 |
| Payments of lease liabilities | ($74.6M) | ($73.1M) | ($67.0M) | ($59.1M) |
| Deferred payments for business combinations | $0 | ($4.7M) | — | — |
| Dividends paid to non-controlling interests | ($1.3M) | ($1.7M) | ($1.4M) | ($6.1M) |
| Contribution from non-controlling interests | $795.0K | $583.0K | — | $0 |
| Payments for acquisition of non-controlling interests | ($3.0K) | $0 | ($23.5M) | — |
| Net cash flows used in financing activities | ($97.5M) | ($105.5M) | ($111.4M) | ($165.5M) |
| Effects of exchange rate changes on cash and cash equivalents | $2.9M | ($9.4M) | $1.7M | ($2.3M) |
| Net increase/(decrease) in cash and cash equivalents | $6.6M | ($59.2M) | ($71.0M) | $719.0K |
| Cash and cash equivalents at the beginning of the period | $220.1M | $219.1M | $296.3M | $254.3M |
| Cash and cash equivalents at the end of the period | $226.7M | $159.9M | $225.3M | $255.0M |
Ermenegildo Zegna NV score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.