Overview
- Group net income rose to €852 million as adjusted operating profit reached €1.32 billion, or 23.2 percent of sales.
- Miu Miu retail sales jumped 35 percent for 2025 while the Prada brand declined 1 percent, and the quarter ended marked a 20th straight period of revenue growth.
- Versace contributed €65 million after the Dec. 2 closing, posted 2025 revenue of €684 million, and is expected to remain loss-making in 2026 during its repositioning.
- Management plans full operational separation from Capri Holdings in the second half of 2026 and has begun cost actions to generate initial synergies and savings.
- Capital expenditures rose to €617 million and the balance sheet moved to €466 million of net debt at year-end from a net cash position in 2024, reflecting the deal and investments.