PRADA (01913) announced its consolidated results for the 12-month period ended December 31, 2025. The Group achieved net revenues of €5.718 billion, representing a 9.1% increase at constant exchange rates. Adjusted EBIT reached €1.324 billion, with an adjusted EBIT margin of 23.2%. Net profit for the year was €852 million, an increase of 1.6% compared to 2024. The Board proposed a final dividend of €0.166 per share.
The Group reported that, leveraging its long-standing brand heritage and rigorous execution, it maintained strong performance in a challenging environment, delivering another year of solid results. The acquisition of Versace marked a significant strategic milestone, adding a highly complementary brand to the portfolio. Despite a high comparison base, net revenues grew 9% at constant exchange rates versus 2024, or 8% on an organic basis, marking the fifth consecutive year of growth for the Group.
At the brand level, Prada demonstrated robust and resilient performance, with retail net sales down 1% over the 12 months. Miu Miu continued its sustained growth trajectory, with retail net sales increasing 35% in 2025. The adjusted EBIT margin of 23.2% reflects the dilution from the consolidation of Versace; excluding Versace, the margin remained stable despite significant investments and unfavorable currency impacts.
Benefiting from strong cash generation, the Group's balance sheet remained robust at year-end: net financial debt was €466 million, reflecting capital expenditure of €595 million and the financing for the Versace acquisition. The Prada brand continued to showcase its innovative strength through trend-setting fashion shows and successful product launches, with contributions from new products and reinterpretations of classic styles driving a balanced performance. An upgraded retail concept helped enhance customer engagement: new dining venues in Shanghai and Singapore, the opening of a landmark store in New York, and the refined refurbishment of Prada Alexandra House in Hong Kong were among the key milestones in store development for the year.