Zegna Group reported revenues of US $ 1.01 billion for the first half of 2025, representing a 2% organic decline at constant exchange rates. The Direct-to-Consumer (DTC) channel delivered strong results, growing organically by 6%.
Net profit rose sharply to US $ 52.3 million, a 53% increase compared with the first half of 2024. Gross profit reached US $ 681.4 million, with a gross margin of 67.5%. Adjusted operating profit (EBIT) came in at US $ 75.1 million, with a margin of 7.4%.
The Zegna segment performed particularly well, with operating profit improving by 150 basis points to 14.3%. As of 30th June 2025, net financial debt stood at US $ 100.2 million, broadly unchanged from 31st December 2024.
Chairman and chief executive Ermenegildo “Gildo” Zegna said the results underscored the strength of the company’s strategic focus on expanding the DTC channel and improving store efficiency across its three brands. He added that disciplined investment in strategic projects was continuing to support long-term growth ambitions.
He highlighted the strong performance of the Zegna brand, noting that favourable operating leverage and the effective rollout of key initiatives had boosted operating margin by 150 basis points. This improvement, he said, helped offset the drag on operating profit from ongoing transformation programmes at Thom Browne and Tom Ford Fashion.
Zegna also emphasised the group’s resilience, pointing to the strength of its supply chain, the authenticity of its brands, and the talent of its workforce. He said these factors, combined with the clarity of its long-term vision, kept the company firmly on track to achieve its 2027 targets despite ongoing industry challenges and currency pressures.
