Group 1 - The core viewpoint of the article is that Prada Group reported a net revenue of €5.72 billion for the 12 months ending December 31, 2025, reflecting a 9.1% increase at constant exchange rates and a 7.8% organic growth [1] - Retail sales net revenue increased by 9.3% at constant exchange rates, with an organic growth of 8.2% [1] - The company has recorded growth for five consecutive years [2] Group 2 - By brand, Miu Miu showed the strongest performance with a retail sales net revenue increase of 34.8%, with growth recorded in all regions [2] - Prada brand's retail sales net revenue remained roughly flat compared to the previous year, while Church's retail sales net revenue increased by 7.1% [2] - By region, retail sales net revenue increased by 17.7% in the Americas, 15.5% in the Middle East, 10.9% in the Asia-Pacific, 4.7% in Europe, and 3.1% in Japan [2] Group 3 - The gross margin for 2025 is projected to be 80.3%, an increase of 0.5 percentage points compared to 2024 [2] - The net profit for the year is €850 million, representing a 1.6% increase from 2024 and accounting for 15.0% of net revenue [2] - The board has proposed a dividend payment of €0.166 per share [3]

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | PRADA S.p.A. | | 股份代號 | 01913 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年12月31日止年度之末期股息 | | 公告日期 | 2026年3月5日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.166 EUR | | 股東批准日期 | 2026年4月30日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 ...

Core Insights - Prada reported a net revenue of €5.718 billion for the 12 months ending December 31, 2025, reflecting a year-on-year growth of 9.1% at constant exchange rates [1] - The adjusted EBIT was €1.324 billion, with an adjusted EBIT margin of 23.2%, indicating stable profitability despite significant investments and adverse currency effects [2] - The company plans to distribute a final dividend of €0.166 per share [1] Financial Performance - The net profit for the year was €0.852 billion, representing a 1.6% increase compared to 2024 [1] - The company achieved a consistent growth for five consecutive years, with a net revenue growth of 9% compared to 2024 on a constant currency basis and an 8% growth on an organic basis [1] Brand Performance - Prada brand showed resilient performance with a retail sales net revenue decline of 1% over the 12 months [1] - Miu Miu experienced significant growth, with retail sales net revenue increasing by 35% in 2025 [1] Strategic Developments - The acquisition of Versace marked a significant milestone in the company's strategic development, enhancing its product portfolio with complementary brands [1] - The company maintained a robust balance sheet with a net financial debt of €0.466 billion, reflecting capital expenditures of €0.595 billion and financing for the Versace acquisition [2] Retail Innovations - The upgraded retail concept has enhanced customer engagement, with new dining venues in Shanghai and Singapore, the opening of a landmark retail store in New York, and the refined layout of the Prada Alexandra House in Hong Kong being key milestones in store development [2]

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Group 1 - The core viewpoint of the article indicates that Prada is projecting a net revenue of €5.72 billion for the 12-month period ending December 31, 2025, which represents a 9.1% increase compared to 2024 when calculated at constant exchange rates [2] - The company's profit for the year is expected to be €852 million, reflecting a 1.6% increase from 2024 [2]

Core Viewpoint - Prada Group reported a net revenue of €5.718 billion for the twelve months ending December 31, 2025, representing a 9.1% increase compared to 2024 at constant exchange rates, with organic growth of 7.8% [1] Financial Performance - Retail sales net revenue increased by 9.3% at constant exchange rates compared to 2024, with organic growth of 8.2% [1] - The retail sales net revenue for the Prada brand remained stable, while Miu Miu brand saw a significant increase of 34.8% at constant exchange rates [1] - All regions recorded growth in retail sales net revenue at constant exchange rates compared to 2024: Americas +17.7%, Middle East +15.5%, Asia-Pacific +10.9%, Europe +4.7%, Japan +3.1% [1] Profitability - Despite significant investments, profitability remained stable, with adjusted EBIT margin improving compared to 2024 (excluding Versace and severe currency headwinds) [1] - Adjusted EBIT was €1.324 billion, with an adjusted EBIT margin of 23.2%, reflecting the dilution impact of the Versace acquisition [1] - The group's annual profit was €852 million, an increase of 1.6% compared to 2024 [1] Financial Position - As of December 31, 2025, the financial net debt stood at €466 million [1] - A dividend of €0.166 per share is proposed [1]

Financial Performance - Prada Group reported a net revenue of €5,717.5 million, an increase of 9.1% compared to 2024 at constant exchange rates, with organic growth of 7.8%[3]. - The group's net profit for the year was €851.9 million, an increase of 1.6% compared to 2024[3]. - For the fiscal year ending December 31, 2025, total revenue reached €5,717,521 thousand, reflecting a 5.3% increase from €5,431,557 thousand in 2024[21]. - Net income for the year was €854,922 thousand, a 1.4% increase from €843,400 thousand in the prior year[21]. - The total comprehensive income for the fiscal year ending December 31, 2025, was €725,086 thousand, down from €884,231 thousand in 2024[25]. - The company reported a significant increase in goodwill, which reached €1,517,902 thousand, compared to €515,507 thousand in 2024[22]. - The adjusted EBIT for the fiscal year ending December 31, 2025, was €1,299,040 thousand, accounting for 22.7% of net revenue, compared to 23.6% in 2024[26]. - The recurring operating income (adjusted EBIT) was €1,323.6 million, representing 23.2% of net revenue, slightly down from 23.6% in 2024[73]. Retail and Sales Growth - Retail sales net revenue increased by 9.3% at constant exchange rates, with organic growth of 8.2% compared to 2024[3]. - Miu Miu brand retail sales net revenue grew by 34.8% at constant exchange rates, while Prada brand sales remained stable[3]. - All regions recorded retail sales growth at constant exchange rates: Americas +17.7%, Middle East +15.5%, Asia-Pacific +10.9%, Europe +4.7%, Japan +3.1%[3]. - Miu Miu's retail sales net revenue increased by 35% in 2025, showcasing strong brand performance[12]. - Retail sales net revenue reached €5,101,790,000, with a growth of 5.2% from €4,849,208,000 in the previous year[27]. - The Asia-Pacific region accounted for 33.3% of total retail sales, with net revenue of €1,699,448,000, reflecting a 5.9% increase[27]. - Wholesale channel sales net revenue rose by 4.3% year-over-year, benefiting from a strict selection of independent partners[63]. - Licensing revenue grew by 19.3% year-over-year, driven by contributions from eyewear and fragrances[64]. Acquisitions and Expansion - Prada Group completed the acquisition of Versace for $1,395 million in cash, enhancing its luxury brand portfolio[5]. - The group operates 843 directly operated stores, including 220 new stores from the Versace acquisition, and employs approximately 18,000 staff[4]. - The integration of Versace's operations is progressing smoothly, with a full separation from Capri Holdings expected to be completed by the second half of 2026[17]. - The group opened 31 new stores and closed 17, resulting in a total of 843 directly operated stores by year-end[14]. - The integration of Versace added 220 stores, primarily in the Asia-Pacific region (107 stores) and the Americas (45 stores)[28]. Financial Position and Assets - Cash and cash equivalents rose to €1,261,676 thousand, up from €1,011,563 thousand in 2024, indicating improved liquidity[22]. - Total assets increased to €11,012,937 thousand, compared to €8,483,906 thousand in the previous year, reflecting strong growth[22]. - Total liabilities also rose to €6,347,170 thousand, up from €4,130,529 thousand, indicating increased leverage[22]. - The net financial debt, including lease liabilities, increased from €1,776 million as of December 31, 2024, to €3,558 million as of December 31, 2025[84]. - The total financial liabilities increased significantly to €1,732.4 million as of December 31, 2025, from €412.3 million in 2024[80]. Dividends and Shareholder Matters - A dividend of €0.166 per share is proposed[3]. - The board proposed a final dividend of €424,764,784 for the fiscal year 2025, equating to €0.166 per share[96]. - The final dividend will be paid in euros to shareholders registered in Milan and in Hong Kong dollars to shareholders registered in Hong Kong[98]. Sustainability and Future Strategy - The group continues to advance its sustainability strategy, making targeted efforts in operations and supply chain to further its environmental agenda[15]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[21]. - The company aims to achieve growth above market levels and improve internal profit margins, with a target to gradually enhance EBIT margins starting from 2027[86]. Operational Efficiency - The gross margin for the year was 80.3%, up from 79.8% in 2024, while operating expenses increased by €211.3 million due to variable costs associated with business growth[72]. - Cash flow from operating activities for the fiscal year ending December 31, 2025, was €2,126,478 thousand, an increase from €1,998,769 thousand in 2024[24]. - The company reported a decrease in foreign exchange differences from operations, resulting in a loss of €147,165 thousand in 2025, compared to a gain of €56,573 thousand in 2024[25]. Governance and Compliance - The audit and risk committee held seven meetings in 2025 with an average attendance rate of 95.23%, reviewing significant internal and external audit results[91]. - The company has adopted written procedures regulating securities trading by directors, confirming compliance with the standards set forth in the listing rules[89]. - The company has complied with the listing rules by establishing an audit and risk committee with at least one member possessing relevant financial management expertise[90].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | | | | 狀態: | 新提交 | | --- | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | | 公司名稱: | PRADA S.p.A. | | | | | | | 呈交日期: | 2026年3月3日 | | | | | | | I. 法定/註冊股本變動 | | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | | 是 | | 證券代號 (如上市) | 01913 | 說明 | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 2,558,824,000 EUR | | 0.1 | EUR | 255,882 ...

Core Viewpoint - Prada's stock has dropped over 4%, currently trading at 42.6 HKD, with a trading volume of 33.11 million HKD. The company is set to announce its 2025 performance on March 5 [1] Financial Performance Summary - For 2025, Prada Group's revenue is expected to grow by +8% at constant exchange rates (CER) or +4% year-on-year to 5.642 billion EUR, reflecting a negative impact of 389 basis points from euro appreciation [1] - In Q4 2025, revenue growth is projected to slow down to +5.1%, compared to +8.5% in Q3 2025, primarily due to a slowdown in Miu Miu retail growth, which is expected to be +20% versus +29% in Q3 2025 [1] - The wholesale business is anticipated to return to normalcy with a decline of -3%, contrasting with a +19% growth in Q3 2025, where the wholesale business benefited from concentrated shipping times [1]

Group 1 - Prada's stock has dropped over 4%, currently at 42.6 HKD with a trading volume of 33.11 million HKD [1] - The company is set to announce its 2025 performance on March 5 [1] - According to CICC's report, Prada's revenue is expected to grow by 8% year-on-year at constant exchange rates (CER) or by 4% to 5.642 billion EUR, impacted by a negative exchange rate effect of 389 basis points due to Euro appreciation [1] Group 2 - In Q4 2025, revenue growth is anticipated to slow down to 5.1%, compared to 8.5% in Q3 2025 [1] - The slowdown is primarily attributed to a deceleration in Miu Miu's retail growth, projected at 20% down from 29% in Q3 2025, and a normalization in the distribution business, expected to decline by 3% after a 19% increase in Q3 2025 [1]