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BEYON D FA SHION, BEYON D LU X U RY —STONE I SLAND J OI NS MON C LERBEYON D FA SHION, BEYON D LU X U RY —STONE I SLAND J OI NS MON C LER FY 2025 FINANCIAL RESULTS
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SPEAKERS 2 REMO RUFFINI Group Chairman and CEO GINO FISANOTTI Moncler Chief Brand Officer ROBERTO EGGS Group Chief Business Strategy and Global Market Officer LUCIANO SANTEL Group Chief Corporate and Supply Officer ELENA MARIANI Group Strategic Planning and Investor Relations Director 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS ROBERT TRIEFUS Stone Island CEO
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3 REMO RUFFINI Group Chairman and CEO 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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“2025 was a year that reminded me what matters most: clarity of strategic direction, quality of execution, and the ability to stay grounded and flexible in a continuously volatile context. This focus delivered a solid year - end performance, with both Moncler and Stone Island gaining traction across channels and key markets, despite a demanding comparable base. These results show the strength of our brands and of our business model, but above all, the commitment of our team worldwide. As our Group grows, we reinforce our organizational structure to address future opportunities and challenges in the most effective way. The arrival of Leo Rongone as Group CEO in April represents an important addition to our already solid and successful organization. We move into 2026 with a well - established platform as well as a strong determination to continue shaping our future. Our ambition is clear: to keep strengthening our brands, investing in our organization, and building enduring value over time.” REMO RUFFINI 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 4
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2,707.3 2,720.9 401.6 411.2 FY 2024 FY 2025 3,108.9 3,132.1 +3% 1,134.1 1,167.7 109.2 123.1 Q4 2024 Q4 2025 1,243.2 1,290.8 +7% +16% +6% +4% +3% Q4 REVENUES FY REVENUES Stone Island Moncler MONCLER GROUP | FY 2025 RESULTS HIGHLIGHTS (1) 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 5 (1) This applies to all pages of this presentation if not otherwise stated: all data include IFRS 16 impact, comments at cons tan t FX rates, rounded figures. (2) Excluding lease liabilities arisen from the adoption of the IFRS 16 accounting principle. GROUP EBIT EUR 913.4m 29.2% on revenues GROUP NET RESULT EUR 626.7m 20.0% on revenues GROUP NET FINANCIAL POSITION (2) EUR 1,458.0m EUR M; CFX GROWTH %
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19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 6 GINO FISANOTTI Moncler Chief Brand Officer
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MONCLER | COLLECTION 8 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS Q4 HIGHLIGHTS WARMER TOGETHER: MONCLER CELEBRATES WARMTH AND LOVE, WITH LEGENDARY FRIENDS AL PA CINO AND ROBERT DE NIRO “ Moncler has never been just about winter and puffers. From day one, it has always been about love and warmth.” Remo Ruffini. To manifest that essence, Moncler unveiled the new global statement, Warmer Together , bringing Al Pacino and Robert De Niro together for their first - ever shared campaign. Warmer Together became Moncler’s biggest and most iconic brand statement to date, breaking all records in terms of global rea ch (3.1 billion), engagement (422 million) and media coverage (over 1,412 articles). It also achieved the brand’s best - ever performance in organic social media, driven by a well - orchestrated end - to - end strategy across both physical and digital platforms. The campaign further expanded into the world of music through a partnership with brand ambassador Tobe Nwigwe, creating a re - edition of Bill Wither’s iconic classic track “Lean on Me”. The collaboration debuted with a global premier at NYC’s Rockefeller Center, featuring a live performance and launch in partnersh ip with Spotify, generating over 5.8 million in terms of reach. Product - wise, the campaign has been anchored in Moncler’s most iconic styles, led by the Maya 70 among others, driving strong im pact across the board.
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MONCLER | GRENOBLE 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 9 MONCLER GRENOBLE FALL/WINTER 2025 COLLECTION AND BEYOND PERFORMANCE CAMPAIGN The new global campaign, shot by Mario Sorrenti, captured the essence of Moncler Grenoble: the convergence of style, performance, and connection at the heart of mountain life. A multitalented cast was united against the dramatic backdrop of the Alps, including brand ambassador, World Cup champion and winner of Brazil’s first - ever historic medal in alpine skiing, Lucas Pinheiro Braathen, two - time Olympic gold medalist and record - breaking snowboarder Chloe Kim, renowned actor Vincent Cassel, and supermodel Amber Valletta. The campaign was supported by a strong media and social presence, amplified by retail and CRM activations, including the takeover of Harrods’ iconic windows. The campaign contributed to achieve Moncler Grenoble’s best - performing season to date (1.75 billion in potential reach, 213 million engagement, and over 1,300 press articles). Fall/Winter 2025 Moncler Grenoble collection brought the worlds of performance and style ever closer, outfitting every facet of mountain life with technical innovation infused with elevated metropolitan polish. MONCLER GRENOBLE 2026 OLYMPIC WINTER GAMES BRAZIL PARTNERSHIP & MONCLER GRENOBLE X MOON BOOT & WHITESPACE In December 2025, Moncler announced the return to the Milano Cortina 2026 Olympic Winter Games for the first time since 1968. The brand sponsors the Brazilian Olympic Committee for the opening and closing ceremonies, as well as the Brazilian Snow Sports Federation’s alpine ski team, led by Grenoble’s brand ambassador Lucas Pinheiro Braathen. Building on this momentum, Moncler Grenoble introduced bespoke Moon Boot products, unveiled at the Courchevel Show in early 2025, alongside a brand - new Grenoble snowboard developed in partnership with Shaun White’s brand Whitespace, which was made available in selected Moncler stores. Q4 HIGHLIGHTS
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MONCLER | GENIUS 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 10 MONCLER GENIUS + JIL SANDER Jil Sander has become a defining voice in contemporary design through its distinctive fusion of pure forms and exceptional craftsmanship. The debut Moncler + Jil Sander collection draws inspiration from the tranquil elegance of the natural world, an endless source of influence in shape, silhouette, and color palette, and a subtle nod to Moncler’s mountain heritage. The collection is defined by voluminous layers and a sense of ‘roundness’ drawn from the great outdoors. MONCLER GENIUS X JW ANDERSON A longstanding collaboration with Moncler returned, reinterpreting technical outerwear through a JW Anderson lens. Crafted in Italy, the shape draws inspiration from an archival JW ANDERSON x Moncler collection. This capsule was released in very limited destinations and sold out immediately. MONCLER GENIUS & A$AP ROCKY “DON’T BE DUMB” TRACK LAUNCH As part of Moncler Genius partnership with A$AP Rocky, the artist released his ”Don’t Be Dumb” track, one of the most successful music launches of the past few years, highlighting the Moncler Genius Collection unveiled few months before. Q4 HIGHLIGHTS
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19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 11 ROBERT TRIEFUS Stone Island CEO
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STONE ISLAND INTRODUCES DENIM RESEARCH STONE ISLAND | Q4 HIGHLIGHTS 12 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS STONE ISLAND | PORTER Stone Island and PORTER reunited for the 7th time after five years to celebrate the 90th anniversary of the Japanese brand, launching a special capsule collection, now extended for the first time to apparel alongside accessories. The collaboration centered on six limited - edition pieces inspired by the emblematic corrosion treatment – a cornerstone of the Stone Island Autumn_Winter ‘025 - ’026 collection. STONE ISLAND | NEW BALANCE FURON V8 Bringing together New Balance’s on - pitch expertise and Stone Island’s material research through a mutual focus on technical construction and purpose - led design, the latest chapter in an ongoing collaboration revisited the world of football with a new iteration of the Furon v8 boot and a re - engineered football kit, announced with Bukayo Saka and Dave, captured together in London. STONE ISLAND SOUND | DAVE Stone Island Sound collaborated on the launch of The Boy Who Played The Harp , the new album by Dave. A limited - edition vinyl launched in selected Stone Island stores, echoed by a short film featuring Dave, a longtime Stone Island collector , in conversation with archivist Arco Maher, shot by Isaac Lamb. Stone Island introduced STONE ISLAND DENIM RESEARCH, within the Autumn_Winter ‘025 - ‘026 collection . Denim has played an important part in Stone Island’s history and archive ; this capsule continues its boundary - pushing tradition of innovation and design by applying its technological know - how to one of apparel's most iconic product categories . The STONE ISLAND DENIM RESEARCH capsule is a complete offering that ranges from innovative materials, such as Polypropylene Denim, David Light Indigo - TC, and Micro Corduroy, to traditional raw Japanese selvedge denim.
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19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 13 ROBERTO EGGS Group Chief Business Strategy and Global Market Officer
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MONCLER | REVENUES BY GEOGRAPHY MONCLER REVENUES (EUR M; CFX GROWTH %) FY 2025 Moncler brand revenues reached EUR 2,720.9m, +3% vs FY 2024. Q4 revenues were up 6% YoY, driven by a positive development in both channels. ASIA (which includes APAC, Japan and Korea) revenues were up 11% YoY in Q4, showing broad - based acceleration vs Q3, despite a challenging comparable base. All countries grew in the quarter, supported by a positive contribution from both local customers and tourists, with China and Korea outperforming. EMEA revenues were down 3% in Q4 YoY, with traffic in the DTC channel still impacted by relatively subdued tourism trends in the region. The AMERICAS was up 9% in Q4 YoY, supported by continued solid growth in local consumption, notwithstanding a tougher comparable base, and by a positive performance registered in the wholesale channel. 1,379.0 1,416.0 949.3 913.8 379.0 391.1 FY 2024 FY 2025 2,707.3 2,720.9 +3% 628.2 663.4 345.9 332.8 160.0 171.5 Q4 2024 Q4 2025 1,134.1 1,167.7 +6% % on total +9% +11% +5% +7% Q4 FY Americas EMEA Asia (3%) (3%) 55% 31% 14% 57% 28% 15% 51% 35% 14% 52% 34% 14% 14 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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MONCLER | REVENUES BY CHANNEL MONCLER REVENUES (EUR M; CFX GROWTH %) Moncler DTC (1) revenues rose to EUR 2,359.6m in FY 2025, +4% vs FY 2024. Comparable Store Sales Growth (CSSG) (2) was - 1% in FY 2025. In Q4, DTC revenues increased by 7% YoY, registering the best quarterly performance in the year. Underlying trends improved in all regions despite a tough multi - year comparable base, with Asia and the Americas driving the growth, while EMEA was weaker, still affected by subdued traffic. WHOLESALE revenues reached EUR 361.3m in FY 2025, down 4% vs FY 2024. In Q4, the wholesale channel turned positive, up 2% YoY. The channel, however, continues to be subject to ongoing efforts to upgrade the quality of the distribution through further network optimisation . 2,331.9 2,359.6 375.4 361.3 FY 2024 FY 2025 2,707.3 2,720.9 +3% 1,071.9 1,104.2 62.2 63.6 Q4 2024 Q4 2025 1,134.1 1,167.7 +6% % on total +2% 95% 5% 95% 5% +7% (4%) +4% 86% 14% 87% 13% Wholesale DTC Q4 FY 15 (1) The Direct - to Consumer (DTC) channel includes revenues from DOS, direct online and e - concessions. (2) Comparable Store Sales Growth (CSSG) considers DOS (excluding outlets) open for at least 52 weeks and the online store; s tor es that have been expanded and/or relocated are not included. 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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105.2 116.3 268.9 268.7 27.5 26.2 FY 2024 FY 2025 401.6 411.2 +4% STONE ISLAND | REVENUES BY GEOGRAPHY STONE ISLAND REVENUES (EUR M; CFX GROWTH %) FY 2025 Stone Island brand revenues reached EUR 411.2m, +4% vs FY 2024. Q4 revenues were up 16% YoY, with all regions up double digits, sustained by solid growth both in the DTC and in the wholesale channels. ASIA (which includes APAC, Japan and Korea) was up 22% YoY in Q4, accelerating sequentially across all areas in the region, with China and Japan continuing to outperform. EMEA revenues were up 12% YoY in Q4, driven by the continued solid performance of the DTC channel and the improvement registered in the wholesale channel. The AMERICAS was up 26% YoY in Q4, with both the DTC and wholesale channels growing at a double - digit pace. 37.1 42.1 65.0 72.5 7.0 8.5 Q4 2024 Q4 2025 109.2 123.1 +16% Americas EMEA Asia +26% +22% (2%) +16% % on total 34% 60% 6% 34% 59% 7% 28% 65% 6% +12% 0% Q4 FY 67% 7% 26% 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 16
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208.9 226.4 192.7 184.8 FY 2024 FY 2025 401.6 411.2 +4% STONE ISLAND | REVENUES BY CHANNEL STONE ISLAND REVENUES (EUR M; CFX GROWTH %) Stone Island DTC revenues rose to EUR 226.4m in FY 2025, +11% vs FY 2024. In Q4, revenues in this channel were up 16% YoY, further accelerating compared to the previous quarter. All regions registered a solid performance, with the Americas and Asia outperforming. Both the physical and the online channels grew at a solid double - digit pace. WHOLESALE revenues reached EUR 184.8m in FY 2025, down 4% vs FY 2024. In Q4, revenues increased by 17% YoY, due to a different timing of deliveries in Q3 vs Q4 that had negatively impacted performance in the third quarter of the year. The Group continued its efforts to improve the quality of the distribution network. 73.2 81.3 35.9 41.8 Q4 2024 Q4 2025 109.2 123.1 +16% Wholesale DTC +17% +16% (4%) +11% 67% 33% 34% 66% 52% 48% 45% 55% % on total Q4 FY 17 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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GROUP MONO - BRAND STORE NETWORK MONCLER DOS: 295 STONE ISLAND DOS: 95 31.12.2025 30.09.2025 31.12.2024 MONCLER STONE ISLAND MONCLER STONE ISLAND MONCLER STONE ISLAND ASIA 146 54 145 54 143 56 EMEA 98 32 98 31 96 27 AMERICAS 51 9 51 7 47 7 RETAIL 295 95 294 92 286 90 WHOLESALE 49 11 49 11 56 9 18 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS Note: DOS refers to directly operated stores. Wholesale includes wholesale monobrand stores, wholesale airports and shop - in - shop s.
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MONCLER GALLERIA GWANGGYO 19 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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MONCLER SANYA 20 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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STONE ISLAND SOUTH COAST PLAZA 21 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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22 LUCIANO SANTEL Group Chief Corporate and Supply Officer 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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FY 2025 FY 2024 EUR m % EUR m % REVENUES 3,132.1 100.0% 3,108.9 100.0% YoY performance +1% +4% GROSS PROFIT 2,446.2 78.1% 2,426.6 78.1% Selling expenses (956.0) (30.5%) (937.3) (30.2%) G&A expenses (357.4) (11.4%) (351.7) (11.3%) Marketing expenses (219.4) (7.0%) (221.2) (7.1%) EBIT 913.4 29.2% 916.3 29.5% Net financial income / (expenses) (1) (26.2) (0.8%) (6.5) (0.2%) EBT 887.2 28.3% 909.8 29.3% Taxes (260.5) (8.3%) (270.2) (8.7%) Tax rate 29.4% 29.7% GROUP NET RESULT 626.7 20.0% 639.6 20.6% YoY performance (2%) +5% GROUP INCOME STATEMENT (1) Net financial result includes interest on lease liabilities of EUR 40.6m (EUR 31.4m in FY 2024). FY 2025 gross margin was in line with last year. G&A expenses had a 11.4% incidence on revenues vs 11.3% in FY 2024, which included a one - off income of EUR 7.5 million related to an insurance refund received following the December 2021 malware attack. Marketing expenses represented 7.0% of revenues (vs 7.1% in FY 2024). The lower marketing spending in the second half of 2025 compared with the same period of 2024 (and the related incidence on sales) is mainly due to a different phasing of marketing activities in H1 vs H2 compared with the previous fiscal year. Net financial expenses were EUR 26.2 million, compared with EUR 6.5 million in FY 2024. The increase was driven by higher interest expenses on lease liabilities as well as a lower level of interest income. 23 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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NET CAPEX 24 EUR M 6 .0% 6.9% 136.3 104.1 79.3 82.6 FY 2025 FY 2024 215.6 186.7 FY Infrastructure Distribution % Incidence on Revenues 24 In FY 2025, consolidated capex were EUR 215.6m compared with EUR 186.7m in FY 2024, reflecting higher investments in the distribution network and in infrastructure projects, including the new corporate headquarters. 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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25 8.2% 9.7 % 538.8 470.1 292.1 326.4 (527.3) (540.9) 31.12.2025 31.12.2024 303.6 255.5 FY Accounts receivable Inventory Accounts payable NET WORKING CAPITAL EUR M % Incidence on Revenues 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS Net consolidated working capital reached EUR 303.6m as of 31 December 2025, with the incidence on revenues equal to 9.7%, compared with EUR 255.5m as of 31 December 2024 ( 8 .2% of revenues), reflecting the continuous and rigorous control of working capital levels. The YoY increase was primarily attributable to higher inventory levels, following the strategic decision to front - load purchases of key raw materials.
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26 1,458.0 1,308.8 31.12.2025 31.12.2024 FY EUR M NET FINANCIAL POSITION (1) (1) Excluding lease liabilities arisen from the adoption of the IFRS 16 accounting principle. (2) Subject to change due to the possible use or purchase of treasury shares. 26 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS As of 31 December 2025 , the Group’s net financial position was positive and equal to EUR 1,458.0m. Net cash flow in 2025 was positive and equal to EUR 149.3m after the payment of EUR 353.2 million of dividends, compared with a positive net cash flow of EUR 275.1m in 2024. As of 31 December 2025 , lease liabilities were equal to EUR 1,109.1m compared with EUR 924.1m as of 31 December 2024. Proposed dividend of EUR 1.40 per share on FY 2025 earnings, that will imply a distribution of EUR 380.2m and a 61% payout on consolidated income (2) .
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31/12/2025 31/12/2024 EUR m EUR m Brands 999.4 999.4 Goodwill 603.4 603.4 Fixed assets 589.3 510.1 Right - of - use assets 1,018.3 848.2 Net working capital 303.6 255.5 Other assets / (liabilities) 23.1 20.1 INVESTED CAPITAL 3,537.2 3,236.7 Net debt / (net cash) (1,458.0) (1,308.8) Lease liabilities 1,109.1 924.1 Pension and other provisions 36.4 34.7 Shareholders' equity 3,849.8 3,586.7 TOTAL SOURCE 3,537.2 3,236.7 BALANCE SHEET STATEMENT 27 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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FY 2025 FY 2024 EUR m EUR m EBIT 913.4 916.3 D&A & Other non - cash adjustments 119.7 136.7 Change in net working capital (48.1) (15.3) Change in other assets / (liabilities) 5.7 (18.6) Net capex (215.6) (186.7) OPERATING CASH FLOW 775.1 832.4 Net financial result 14.4 24.9 Taxes (260.5) (269.8) FREE CASH FLOW 529.0 587.5 Dividends paid (353.2) (311.0) Changes in equity and other changes (26.4) (1.4) NET CASH FLOW 149.3 275.1 Net financial position - Beginning of period 1,308.8 1,033.7 Net financial position - End of period 1,458.0 1,308.8 CHANGE IN NET FINANCIAL POSITION 149.3 275.1 CASH FLOW STATEMENT (1) (1) Excluding the impact of the lease liabilities. 28 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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• Carbon neutrality maintained at own directly operated corporate sites worldwide (production sites, offices, logistic hub and sto res) with 100% of electricity used coming from renewable sources • - 46% in scope 1 and 2 CO 2 e emissions vs 2021 (1) • Key suppliers (2) engaged in an awareness program to promote supply chain decarbonization, with 30% of them supported in the definition of thei r own emissions reduction plan • >55% of yarns and fabrics used in 2025 collections made with “preferred” (3) materials (>43% in 2024). Target overachieved • >60 % of nylon used in 2025 collections coming from recycled materials (>50% in 2024). Target overachieved • >55 % of cotton used in 2025 collections coming from organic or recycled materials (~37% in 2024). Target overachieved • 71% of women in total Group workforce and 53% of women in management (4) • EDGE Certification for equal pay between women and men obtained for the Moncler brand at global level • >163,000 people most in need protected from the cold (2020 - 2025) GROUP KEY SUSTAINABILITY ACHIEVEMENTS 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS 29 SUSTAINABILITY REPORTING UPDATE FTSE4Good INDEX SERIES For the first time in the FTSE4Good Index Series, in both the FTSE4Good Developed Index and the FTSE4Good Europe Index, with a score of 4.4 out of 5 S&P GLOBAL For the seventh consecutive year, highest score (90/100) in the S&P Global Corporate Sustainability Assessment 2025 in the “Textile, Apparel & Luxury Goods” industry MSCI ESG RESEARCH Top score "AAA" CDP Top score "A" (1) The scope 1 and 2 CO 2 e emissions (market - based) are calculated assuming Stone Island as consolidated from 1 January 2021. (2) Tier 1 suppliers selected in 2025 by emission impact, spend relevance and business relevance. (3) Materials that aim to deliver reduced impacts compared to the conventional equivalents used by the Moncler Group (for exa mpl e recycled, organic, from regenerative agriculture or certified according to specific standards). (4) It includes managers, senior managers, executives and senior executives.
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30 FY 2025 FINANCIAL RESULTS APPENDIX 19 FEBRUARY 2026
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FY 2025 FY 2024 EUR m % EUR m % EBIT 913.4 29.2% 916.3 29.5% D&A 121.6 3.9% 120.7 3.9% Other non - cash adjustments 248.5 7.9% 233.1 7.5% EBITDA adj. 1,283.4 41.0% 1,270.1 40.9% Rents associated to rights - of - use (250.3) (8.0%) (217.1) (7.0%) EBITDA adj. pre IFRS 16 1,033.1 33.0% 1,053.0 33.9% EBITDA RECONCILIATION 31 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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FY 2025 FY 2024 FY 2023 EUR m % on rev. EUR m % on rev. EUR m % on rev. REVENUES 3,132.1 100.0% 3,108.9 100.0% 2,984.2 100.0% YoY performance +1% +4% +15% GROSS PROFIT 2,446.2 78.1% 2,426.6 78.1% 2,300.8 77.1% Selling expenses (956.0) (30.5%) (937.3) (30.2%) (868.1) (29.1%) G&A expenses (357.4) (11.4%) (351.7) (11.3%) (331.2) (11.1%) Marketing expenses (219.4) (7.0%) (221.2) (7.1%) (207.7) (7.0%) EBIT 913.4 29.2% 916.3 29.5% 893.8 30.0% Net financial income / (expenses) (26.2) (0.8%) (6.5) (0.2%) (23.2) (0.8%) EBT 887.2 28.3% 909.8 29.3% 870.6 29.2% Taxes (260.5) (8.3%) (270.2) (8.7%) (258.7) (8.7%) Tax rate 29.4% 29.7% 29.7% GROUP NET RESULT 626.7 20.0% 639.6 20.6% 611.9 20.5% YoY performance (2%) +5% +1% 2023 - 2025 FULL - YEAR INCOME STATEMENT 32 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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H1 2025 H2 2025 FY 2025 H1 2024 H2 2024 FY 2024 H1 2023 H2 2023 FY 2023 EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. EUR m % on rev. REVENUES 1,225.7 100.0% 1,906.5 100.0% 3,132.1 100.0% 1,230.2 100.0% 1,878.8 100.0% 3,108.9 100.0% 1,136.6 100.0% 1,847.6 100.0% 2,984.2 100.0% YoY performance 0% +1% +1% +8% +2% +4% +24% +10% +15% GROSS PROFIT 941.9 76.9% 1,504.3 78.9% 2,446.2 78.1% 943.1 76.7% 1,483.5 79.0% 2,426.6 78.1% 851.0 74.9% 1,449.8 78.5% 2,300.8 77.1% Selling expenses (429.5) (35.0%) (526.5) (27.6%) (956.0) (30.5%) (419.3) (34.1%) (518.1) (27.6%) (937.3) (30.2%) (374.7) (33.0%) (493.3) (26.7%) (868.1) (29.1%) G&A expenses (170.4) (13.9%) (187.0) (9.8%) (357.4) (11.4%) (166.3) (13.5%) (185.3) (9.9%) (351.7) (11.3%) (156.9) (13.8%) (174.3) (9.4%) (331.2) (11.1%) Marketing expenses (117.3) (9.6%) (102.1) (5.4%) (219.4) (7.0%) (98.8) (8.0%) (122.4) (6.5%) (221.2) (7.1%) (101.6) (8.9%) (106.1) (5.7%) (207.7) (7.0%) EBIT 224.8 18.3% 688.6 36.1% 913.4 29.2% 258.7 21.0% 657.7 35.0% 916.3 29.5% 217.8 19.2% 676.0 36.6% 893.8 30.0% Net financial income / (expenses) (6.5) (0.5%) (19.7) (1.0%) (26.2) (0.8%) (1.6) (0.1%) (5.0) (0.3%) (6.5) (0.2%) (11.3) (1.0%) (11.9) (0.6%) (23.2) (0.8%) EBT 218.3 17.8% 668.9 35.1% 887.2 28.3% 257.1 20.9% 652.7 34.7% 909.8 29.3% 206.5 18.2% 664.2 35.9% 870.6 29.2% Taxes (64.8) (5.3%) (195.7) (10.3%) (260.5) (8.3%) (76.4) (6.2%) (193.9) (10.3%) (270.2) (8.7%) (61.1) (5.4%) (197.6) (10.7%) (258.7) (8.7%) Tax rate 29.7% 29.3% 29.4% 29.7% 29.7% 29.7% 29.6% 29.8% 29.7% GROUP NET RESULT 153.5 12.5% 473.2 24.8% 626.7 20.0% 180.7 14.7% 458.9 24.4% 639.6 20.6% 145.4 12.8% 466.6 25.3% 611.9 20.5% YoY performance (15%) 3% (2%) +24% (2%) +5% (31%) +18% +1% 2023 - 2025 HALF - YEAR INCOME STATEMENT 33 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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Q1 25 vs 24 Q2 25 vs 24 Q3 25 vs 24 Q4 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX MONCLER 721.8 705.0 2% 317.2 336.3 (2%) 514.2 532.0 (1%) 1,167.7 1,134.1 6% STONE ISLAND 107.3 113.0 (5%) 79.4 75.9 +6% 101.4 103.6 0% 123.1 109.2 16% GROUP TOTAL 829.0 818.0 1% 396.6 412.2 (1%) 615.6 635.5 (1%) 1,290.8 1,243.2 7% Q1 25 vs 24 Q2 25 vs 24 Q3 25 vs 24 Q4 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX DTC 630.5 608.5 4% 252.7 267.3 (1%) 372.3 384.3 0% 1,104.2 1,071.9 7% WHOLESALE 91.3 96.5 (5%) 64.5 69.0 (6%) 142.0 147.7 (4%) 63.6 62.2 2% MONCLER 721.8 705.0 2% 317.2 336.3 (2%) 514.2 532.0 (1%) 1,167.7 1,134.1 6% ASIA 380.8 362.6 6% 145.0 150.4 0% 226.9 237.8 0% 663.4 628.2 11% EMEA 244.3 245.9 (1%) 121.1 134.6 (8%) 215.5 222.8 (4%) 332.8 345.9 (3%) AMERICAS 96.7 96.4 (2%) 51.1 51.3 5% 71.8 71.4 5% 171.5 160.0 9% MONCLER 721.8 705.0 2% 317.2 336.3 (2%) 514.2 532.0 (1%) 1,167.7 1,134.1 6% Q1 25 vs 24 Q2 25 vs 24 Q3 25 vs 24 Q4 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX DTC 55.3 49.4 12% 43.9 43.2 3% 46.0 43.1 11% 81.3 73.2 16% WHOLESALE 52.0 63.6 (19%) 35.6 32.6 9% 55.4 60.5 (8%) 41.8 35.9 17% STONE ISLAND 107.3 113.0 (5%) 79.4 75.9 6% 101.4 103.6 0% 123.1 109.2 16% ASIA 31.2 27.4 15% 21.1 19.3 13% 21.9 21.4 9% 42.1 37.1 22% EMEA 69.4 77.7 (11%) 53.8 51.2 5% 72.9 75.0 (3%) 72.5 65.0 12% AMERICAS 6.6 8.0 (18%) 4.5 5.4 (11%) 6.6 7.1 (3%) 8.5 7.0 26% STONE ISLAND 107.3 113.0 (5%) 79.4 75.9 6% 101.4 103.6 0% 123.1 109.2 16% 2025 REVENUES QUARTERLY PERFORMANCE 34 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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Q1 25 vs 24 H1 25 vs 24 9M 25 vs 24 FY 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX MONCLER 721.8 705.0 2% 1,039.0 1,041.3 1% 1,553.2 1,573.3 0% 2,720.9 2,707.3 3% STONE ISLAND 107.3 113.0 (5%) 186.7 188.9 (1%) 288.1 292.4 (1%) 411.2 401.6 4% GROUP TOTAL 829.0 818.0 1% 1,225.7 1,230.2 1% 1,841.3 1,865.7 0% 3,132.1 3,108.9 3% Q1 25 vs 24 H1 25 vs 24 9M 25 vs 24 FY 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX DTC 630.5 608.5 4% 883.2 875.7 2% 1,255.4 1,260.0 1% 2,359.6 2,331.9 4% WHOLESALE 91.3 96.5 (5%) 155.8 165.5 (6%) 297.8 313.2 (5%) 361.3 375.4 (4%) MONCLER 721.8 705.0 2% 1,039.0 1,041.3 1% 1,553.2 1,573.3 0% 2,720.9 2,707.3 3% ASIA 380.8 362.6 6% 525.7 513.0 4% 752.6 750.8 3% 1,416.0 1,379.0 7% EMEA 244.3 245.9 (1%) 365.4 380.6 (3%) 581.0 603.4 (4%) 913.8 949.3 (3%) AMERICAS 96.7 96.4 (2%) 147.9 147.7 1% 219.6 219.1 2% 391.1 379.0 5% MONCLER 721.8 705.0 2% 1,039.0 1,041.3 1% 1,553.2 1,573.3 0% 2,720.9 2,707.3 3% Q1 25 vs 24 H1 25 vs 24 9M 25 vs 24 FY 25 vs 24 EUR m 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX 2025 2024 cFX DTC 55.3 49.4 12% 99.1 92.6 8% 145.1 135.7 9% 226.4 208.9 11% WHOLESALE 52.0 63.6 (19%) 87.6 96.3 (9%) 143.0 156.7 (9%) 184.8 192.7 (4%) STONE ISLAND 107.3 113.0 (5%) 186.7 188.9 (1%) 288.1 292.4 (1%) 411.2 401.6 4% ASIA 31.2 27.4 15% 52.3 46.7 14% 74.2 68.1 13% 116.3 105.2 16% EMEA 69.4 77.7 (11%) 123.3 128.9 (5%) 196.2 203.9 (4%) 268.7 268.9 0% AMERICAS 6.6 8.0 (18%) 11.1 13.3 (15%) 17.7 20.5 (11%) 26.2 27.5 (2%) STONE ISLAND 107.3 113.0 (5%) 186.7 188.9 (1%) 288.1 292.4 (1%) 411.2 401.6 4% 2025 REVENUES YTD PERFORMANCE 35 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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FINANCIAL CALENDAR , SHAREHOLDING, IR CONTACTS IR CONTACTS investor.relations@moncler.com ELENA MARIANI Moncler Group Strategic Planning and Investor Relations Director elena.mariani@moncler.com GAIA PICCOLI Moncler Group Strategic Planning and Investor Relations Senior Manager gaia.piccoli@moncler.com FINANCIAL CALENDAR 21.04.2026 Q1 2026 Interim Management Statement & AGM 22.07.2026 H1 2026 Financial Results 21.10.2026 9M 2026 Interim Management Statement (1) Last update 18.11.2025. Source Consob. SHAREHOLDING (1) % N. SHARES (M) Double R S.r.l . 18.2% 50.1 Morgan Stanley 8.6% 23.6 Capital Research and Management Company 5.2% 14.3 BlackRock Inc. 5.1% 14.1 Venezio Investments Pte. Ltd. 4.5% 12.4 Treasury Shares 1.2% 3.2 Other Shareholders 57.2% 157.1 TOTAL 100.0% 274.8 36 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS
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DISCLAIMER This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any oth er person. This presentation might contain certain forward - looking statements that reflect the Company’s management’s current views with re spect to future events and financial and operational performance of the Company and its subsidiaries. These forward - looking statements are based on Moncler’s current expectations and projections about future events. Because these forward - looking statements are subject to risks and uncertainties, actual future results or performance may differ materially from those expressed in or implied by these statements due to any number of different factors, many of which are beyond the ability of Moncler to control or estimate. You are cautioned not to place undue reliance on the forward - looking statements contained herein, which are made only as of the date of this presentation. Moncler does not undertake any obligation to publicly release any updates or revisions to any forward - looking statements to reflect events or circumstances aft er the date of this presentation. Any reference to past performance or trends or activities of Moncler shall not be taken as a representation or indication tha t s uch performance, trends or activities will continue in the future. This presentation does not constitute an offer to sell or the solicitation of an offer to buy the Group’s securities, nor sha ll the document form the basis of or be relied on in connection with any contract or investment decision relating thereto, or constitute a recommendation regarding the securities of Moncler. Moncler’s securities referred to in this document have not been and will not be registered under the U.S. Securities Act of 1 933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Luciano Santel, the Manager in charge of preparing the corporate accounting documents, declares that, pursuant to art. 154 - bis, paragraph 2, of the Legislative Decree no. 58 of February 24, 1998, the accounting information contained herein correspond to document results, books and accounting records. 37 19 FEBRUARY 2026 FY 2025 FINANCIAL RESULTS