The financials
Ermenegildo Zegna N.V. by the numbers
Ermenegildo Zegna N.V. (ZGN) reported revenue of €989M in H2 2025 (quarter ended December 31, 2025), down 1.2% from the same quarter a year earlier. That came with a gross margin of 68% and net income of €55M (5.6% of revenue). For the full year FY2025, revenue was €1.92B (−1.5% year on year) and net income €99M.
| Income statement | H2 2025 | H2 2023 | Change |
|---|---|---|---|
| Revenue | €989M | €1.00B | −1.2% |
| Gross profit | €668M | €644M | +3.6% |
| Operating income | €78M | €92M | −15% |
| Net income | €55M | €76M | −27% |
| Diluted EPS | €0.21 | −€189.52 | to a profit |
Apparel Manufacturing
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