Ermenegildo Zegna Group (ZGN) announced its financial results for the fiscal year 2025, reporting a 20% increase in net profit to €109.5 million. Despite the bottom-line growth, the group's adjusted EBIT saw a decline, falling to €163 million from €184 million in the previous year. This decrease in operating profit was partly attributed to a €10 million provision for expected losses related to Saks Global. On a positive note, the luxury fashion house maintained a solid financial position, ending the period with a cash surplus of €52 million. The results reflect a complex environment for the luxury sector, where strong net earnings are being balanced against rising operational pressures and credit risks.
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