Safilo Group S.p.A. has announced its financial results for the first half of 2025, highlighting a resilient performance amid challenging market conditions. The company reported net sales of €537.6 million, marking a 2.3% increase at constant exchange rates. The gross margin improved to 61.1%, an increase of 110 basis points compared to the previous period. Additionally, the adjusted EBITDA margin rose to 11.6%, up 80 basis points from 10.8% in the prior year. The adjusted group net profit reached €33.7 million, reflecting a substantial increase of 39.4%. Free cash flow for the period was reported at €43.5 million, which includes €11.9 million from the disposal of Lenti S.r.l. Net debt at the end of June 2025 was reduced to €42.4 million, significantly down from €82.7 million at the end of December 2024, nearly eliminating debt pre-IFRS 16. In the second quarter of 2025, Safilo's net sales amounted to €251.9 million, maintaining a 2.3% growth at constant exchange rates, although experiencing a 1.1% decline at current exchange rates due to the approximately 5% weakening of the US dollar against the Euro. The company's portfolio saw strong performance from brands like David Beckham, BOSS, Tommy Hilfiger, and Marc Jacobs, while Carrera and Carolina Herrera achieved high-single-digit growth. The company attributed its robust gross margin improvement to strategic inventory management and favorable price/mix effects, alongside selective price adjustments and supplier negotiations. Safilo remains committed to operational agility and financial resilience, as it continues to navigate a complex economic landscape.