← Ermenegildo Zegna N.V.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income / (loss) | $25.4m | ($46.5m) | ($127.7m) | $65.3m | $135.7m | $90.9m | $109.5m | |
| Depreciation, amortization and impairment of assets | $177.1m | $185.9m | $163.4m | $173.5m | $195.0m | $235.9m | $259.9m | |
| Result from investments accounted for using the equity method | $1.5m | $4.2m | ($2.8m) | ($2.2m) | $3.0m | ($1.1m) | ($524k) | |
| Acquisition of investments accounted for using the equity method | — | $0 | ($313k) | $0 | ($15.7m) | $0 | ($4.4m) | |
| Income taxes | $43.8m | $15.0m | $30.7m | $35.8m | $33.4m | $39.7m | $30.6m | |
| Financial income | ($22.1m) | ($34.4m) | ($45.9m) | ($13.3m) | ($37.3m) | ($26.0m) | ($41.5m) | |
| Financial expenses | $37.5m | $48.1m | $43.8m | $54.3m | $68.1m | $52.0m | $50.5m | |
| Foreign exchange (gains)/losses | $2.4m | ($13.5m) | $7.8m | $7.9m | $5.3m | $11.3m | ($9.0m) | |
| Accruals to the provision for obsolete inventory | $6.7m | $37.7m | $29.6m | $28.6m | $31.9m | $25.7m | $2.5m | |
| Accruals/(Releases) for other provisions | — | $6.2m | $19.5m | $14k | ($1.2m) | $8.2m | $8.4m | |
| Other non-cash expenses, net | ($6.4m) | ($27.7m) | $230.8m | $23.1m | $66.6m | $51.3m | $47.7m | |
| Change in inventories | ($5.4m) | ($39.5m) | ($27.6m) | ($103.1m) | ($72.8m) | ($5.9m) | ($23.6m) | |
| Change in trade receivables | ($8.4m) | $35.7m | ($12.3m) | ($15.6m) | ($51.0m) | ($12.6m) | ($3.0m) | |
| Change in trade payables including customer advances | ($11.0m) | ($38.5m) | $31.4m | $43.5m | $11.7m | ($13.1m) | $24.2m | |
| Change in other operating assets and liabilities | ($11.3m) | ($10.0m) | $20.0m | ($38.2m) | ($20.5m) | ($86.4m) | ($43.0m) | |
| Payments for intangible assets | ($13.4m) | ($11.5m) | ($14.6m) | ($24.2m) | ($20.8m) | ($25.4m) | ($22.4m) | |
| Payments related to right-of-use assets | — | — | — | — | $0 | $0 | ($2.9m) | |
| Proceeds from disposals of non-current financial assets | $0 | $46.0m | $1.5m | $2.6m | $2.3m | $334k | $289k | |
| Payments for purchases of non-current financial assets | ($7.0m) | $0 | ($4.4m) | ($111k) | ($2.6m) | ($4.2m) | ($1.2m) | |
| Proceeds from disposals of current financial assets and derivative instruments | $327.4m | $253.2m | $92.0m | $46.5m | $270.3m | $41.4m | $16.3m | |
| Payments for acquisitions of current financial assets and derivative instruments | ($167.3m) | ($166.3m) | ($76.1m) | ($32.4m) | ($37.0m) | ($26.3m) | ($15.1m) | |
| Repayments of borrowings | ($272.9m) | ($221.0m) | ($160.2m) | ($159.7m) | ($306.1m) | ($290.8m) | ($178.7m) | |
| Proceeds from borrowings | $130.8m | $265.4m | $123.6m | $0 | $204.4m | $259.7m | $49.9m | |
| Payments of lease liabilities | ($110.5m) | ($90.7m) | ($100.6m) | ($121.6m) | ($125.7m) | ($143.5m) | ($147.7m) | |
| Repayments of other non-current financial liabilities | — | $0 | ($4.3m) | ($3.9m) | $0 | $0 | ($110k) | |
| Deferred payments for business combinations | — | — | — | — | $0 | $0 | ($9.1m) | |
| Sales of shares held in treasury | — | — | $6.3m | $3.4m | $3.7m | $0 | $107.2m | |
| Contribution from non-controlling interests | — | — | $0 | $10.9m | $0 | $0 | $721k | |
| Payments for acquisition of non-controlling interests | $0 | $0 | ($40.3m) | $0 | $0 | ($23.5m) | $0 | |
| Proceeds from the exercise of warrants | — | — | $0 | $0 | $4.4m | $0 | $0 | |
| Net cash flows from operating activities | $174.1m | $70.9m | $281.2m | $146.4m | $275.4m | $279.1m | $335.6m | |
| Payments for property, plant and equipment | ($46.1m) | ($27.6m) | ($79.7m) | ($49.1m) | ($57.0m) | ($100.1m) | ($80.5m) | |
| Business combinations, net of cash acquired | ($9.3m) | ($2.2m) | ($4.2m) | ($585k) | ($117.7m) | ($19.3m) | $0 | |
| Proceeds from the sale of investment | — | — | — | $0 | $0 | $7.6m | $0 | |
| Net cash flows (used in)/from investing activities | $84.0m | $92.6m | ($82.0m) | ($57.3m) | $21.8m | ($126.0m) | ($109.9m) | |
| Dividends to owners of the parent | $0 | $0 | ($102k) | ($21.9m) | ($25.0m) | ($30.3m) | ($30.5m) | |
| Dividends paid to non-controlling interests | ($14.9m) | ($1.7m) | ($548k) | ($4.2m) | ($6.1m) | ($6.1m) | ($6.8m) | |
| Net cash flows used in financing activities | ($267.5m) | ($49.1m) | ($64.1m) | ($297.0m) | ($250.5m) | ($234.5m) | ($215.1m) | |
| Effects of exchange rate changes on cash and cash equivalents | $1.7m | ($7.8m) | $7.5m | $2.5m | ($4.7m) | $4.3m | ($9.6m) | |
| Net increase/(decrease) in cash and cash equivalents | ($7.7m) | $106.7m | $142.5m | ($205.5m) | $42.0m | ($77.1m) | $991k | |
| Cash and cash equivalents at the beginning of the year | $210.6m | $317.3m | $459.8m | $254.3m | $296.3m | $219.1m | $220.1m | |
| Interest paid | ($26.9m) | ($21.0m) | ($17.5m) | ($24.9m) | ($29.2m) | ($38.1m) | ($39.6m) | |
| Income taxes paid | ($30.9m) | ($36.4m) | ($63.3m) | ($49.3m) | ($54.0m) | ($52.8m) | ($37.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.