De Rigo Vision’s Board approves 2025 consolidated results

The Board of Directors of De Rigo has reviewed the consolidated results for the year ended December 31, 2025, in a macroeconomic environment that remains complex and characterized by currency volatility and geopolitical tensions. In this context, the Group continued to operate with discipline and responsibility, leveraging its key strengths. Key 2025 results: Consolidated revenues: €520.1 million (€538.3 million in 2024; -3.4%; -0.4% at constant exchange rates) Retail: €266.6 million (+2.5%; +5.8% at constant exchange rates) EBITDA: €43.2 million (€45.3 million in 2024) Adjusted EBIT: €32.4 million (€34.9 million in 2024) Net profit: €29.4 million (€36.9 million in 2024) Net financial position: positive at €57.0 million (€32.9 million in 2024) During the year, the retail channel continued to deliver a positive contribution, while wholesale (€268.1 million in revenues) was affected by the performance of certain markets and by currency dynamics, particularly the weakening of the US dollar and the Turkish lira, as well as US trade policies and the resulting slowdown across several markets. From a geographical perspective, Europe confirmed its growth trajectory, with revenues of €414.8 million (+1.7%), driven in particular by the United Kingdom, Italy, Spain, and Turkey. The Americas were impacted by the introduction of new tariffs in the United States, while the rest of the world recorded a decline linked to the crisis in the Middle East. Cash generation and disciplined working capital management contributed to a further improvement in the Group’s financial position, which closed with net cash of €57.0 million. The Group continued its development path, with investments totaling €20.8 million, primarily allocated to strengthening the retail network, enhancing logistics capabilities, and advancing IT systems. “2025 consolidated results highlight resilient operating performance and positive cash generation, which contributed to the improvement of our financial position. In a still uncertain macroeconomic environment, with declining end-consumer confidence and markets affected by currency volatility and trade tensions, we will continue to act with caution, focusing on efficiency, working capital discipline, and selective investments to support our key markets,” commented Maurizio Dessolis, Executive Vice Chairman.