NEWS

Milan, 5^th March 2026 – The Prada S.p.A. Board of Directors reviewed and approved today the consolidated financial results for the full year ended 31^st December 2025.

Key highlights (growth percentage at constant currency)¹      

• Positive results underpinned by enduring brand relevance and disciplined execution in challenging environment 
• Completion of Versace acquisition on 2 December 2025 
• Net Revenues of €5.718 bln, up 9% yoy, +8% organic, against high comps throughout the year; 20 consecutive quarters of growth for the Group 
• Retail Sales of €5.102 bln, up 9% yoy, +8% organic, driven by like-for-like, full price sales; Q4 at +9% yoy, +6% organic, against challenging comps (+18%)
• Prada delivered a solid and resilient performance, with Retail sales at -1% yoy, showing sequential improvement in H2 and positive in Q4
• Sustained growth for Miu Miu, up 35% yoy; Q4 at +20% on +93% in FY-24
• Steady EBIT Adj. Margin ex. Versace, in context of significant investments and strong FX headwinds
• EBIT Adj. Margin at 23.2%, €1,324 mln, including dilutive impact of Versace
• Group Net Income up 2% yoy, at €852 mln
• Continuous progress on the strategic investment plan, with Capex of €535 mln²
• Healthy Balance Sheet thanks to significant cash generation, with Net Debt Position of €466 mln

Patrizio Bertelli, Prada Group Chairman and Executive Director, commented: “We are pleased to report another solid set of results in 2025, with healthy growth and sound profitability, achieved in a challenging macroeconomic and industry context. The desirability of our brands remains rooted in creativity, consistency and authenticity. Our manufacturing platform is a key strength, supporting quality, craftsmanship and the operational agility required by the market. The acquisition of Versace marks a significant step in the strategic evolution of the Group, adding a highly distinctive and complementary brand to our portfolio and contributing to our long-term growth ambitions.”

Andrea Guerra, Group Chief Executive Officer, added: “The results achieved in 2025 mark five consecutive years of growth for the Group, a solid performance delivered against tough multi-year comps. Meticulous execution, built on constant attention to routines across functions, continued to underpin the progress of our brands. Over the year, Prada showed good resilience, proving to be on a solid strategic stance; Miu Miu delivered yet another year of remarkable growth. With the acquisition of Versace, we welcomed a brand with incredible heritage and awareness; this new journey will demand respect, care and patience. Looking ahead, we remain committed to the ambition to deliver above-market growth for the Group. With respect to profitability, ex Versace, we continue to aim for organic margin progression; Versace’s consolidation will drive a dilutive effect on the Group EBIT margin in FY-26, with a target to resume progressive improvement from FY-27.”