The Italian fashion house Brunello Cucinelli recorded sales of 1.4 billion euros in 2025. This corresponds to growth of 11.5 percent in constant currency and 10.1 percent at current exchange rates. Net profit rose by 10.5 percent to 142 million euros. On Wednesday, the board approved the consolidated financial statements and the draft annual financial statements for 2025.
The normalized operating result amounted to 235.9 million euros, an increase of 11.4 percent. The margin increased from 16.6 percent in the previous year to 16.8 percent. The normalized operating result excludes an extraordinary provision of 8.1 million euros. This was created to cover potential bad debts against Saks Global Holdings Llc. The reason for this was the US group’s voluntary initiation of reorganization proceedings under Chapter 11 of US insolvency law. Including this extraordinary provision, the operating result amounts to 227.8 million euros, which corresponds to a margin of 16.2 percent. This represents growth of 7.6 percent compared to the 211.7 million euros as of December 31, 2024.
The Board of Directors will propose the distribution of a dividend of 1.04 euros per share to the general meeting scheduled for April 23rd. The payout ratio is 50 percent.
“We have completed a year that we would like to describe as solid, balanced and beautiful. It brought excellent results in terms of sales, profits and international recognition. These give us the opportunity to look to the future with excellent expectations. We see growth in the coming years, positive forecasts and prosperity. Markets in all parts of the world seem to be growing in a healthy and balanced way, with each brand having its own history, identity and positioning,” emphasized Brunello Cucinelli, chairman and creative director of the fashion house, in a statement.
A characteristic feature of the financial year is the balanced geographical distribution of results, with significant growth in all markets. Adjusted for currency effects, the American market, which accounts for 37 percent of sales, recorded growth of 11.9 percent. Asia, with a share of 27.9 percent of sales, grew by 15.3 percent. Europe, which contributes 35.1 percent of sales, showed growth of 8.2 percent.
The year 2025 was particularly significant for the retail channel. It accounts for 67.3 percent of sales and recorded currency-adjusted growth of 12.9 percent on an annual basis. At current exchange rates the increase was 11.3 percent.
This is complemented by the contribution of the wholesale channel. With a share of sales of 32.7 percent, this recorded growth of 8.7 percent in constant currency and 7.9 percent at current exchange rates.
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