XML 83 R59.htm IDEA: XBRL DOCUMENT
v3.26.1

Property, plant and equipment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Disclosure of detailed information about property, plant and equipment [abstract] |
Summary of Property Plant and Equipment | The following table presents a breakdown for property, plant and equipment.
(€ thousands) | Land and buildings |  | Plant and machinery |  | Industrial and commercial equipment |  | Leasehold improvements |  | Other tangible assets |  | Tangible assets under construction and advances |  | Total
Historical cost at January 1, 2024 | 8,581 |  | 161,755 |  | 162,500 |  | 251,565 |  | 6,429 |  | 5,426 |  | 596,256
Additions | 8,884 |  | 8,482 |  | 22,812 |  | 47,297 |  | 376 |  | 11,971 |  | 99,822
Disposals | — |  | (3,876) |  | (16,726) |  | (12,941) |  | (86) |  | (21) |  | (33,650)
Business combinations | — |  | — |  | 109 |  | 877 |  | — |  | 28 |  | 1,014
Exchange differences | 5 |  | (15) |  | 4,768 |  | 9,587 |  | 16 |  | 39 |  | 14,400
Reclassifications | (77) |  | 528 |  | 1,948 |  | (207) |  | 375 |  | (6,541) |  | (3,974)
Balance at December 31, 2024 | 17,393 |  | 166,874 |  | 175,411 |  | 296,178 |  | 7,110 |  | 10,902 |  | 673,868
Additions | 1,100 |  | 7,393 |  | 19,379 |  | 26,355 |  | 580 |  | 26,698 |  | 81,505
Disposals | — |  | (2,750) |  | (5,910) |  | (18,565) |  | (304) |  | (179) |  | (27,708)
Business combinations | — |  | — |  | 632 |  | — |  | — |  | — |  | 632
Exchange differences | — |  | (36) |  | (13,012) |  | (26,544) |  | (94) |  | (689) |  | (40,375)
Reclassifications | (1) |  | 931 |  | 2,626 |  | 9,386 |  | 311 |  | (12,964) |  | 289
Balance at December 31, 2025 | 18,492 |  | 172,412 |  | 179,126 |  | 286,810 |  | 7,603 |  | 23,768 |  | 688,211
Accumulated depreciation at January 1, 2024 | (4,437) |  | (134,701) |  | (128,912) |  | (164,147) |  | (4,451) |  | — |  | (436,648)
Depreciation | (239) |  | (6,756) |  | (14,666) |  | (31,440) |  | (819) |  | — |  | (53,920)
Impairment | — |  | (108) |  | (1,642) |  | (1,483) |  | — |  | — |  | (3,233)
Disposals | — |  | 3,845 |  | 16,320 |  | 12,474 |  | 188 |  | — |  | 32,827
Exchange differences | (5) |  | 7 |  | (4,334) |  | (7,781) |  | 2 |  | — |  | (12,111)
Reclassifications | 98 |  | 33 |  | (1,672) |  | 5,638 |  | (74) |  | — |  | 4,023
Balance at December 31, 2024 | (4,583) |  | (137,680) |  | (134,906) |  | (186,739) |  | (5,154) |  | — |  | (469,062)
Depreciation | (242) |  | (7,267) |  | (15,646) |  | (34,070) |  | (446) |  | — |  | (57,671)
Impairment | — |  | 22 |  | (1,312) |  | (3,736) |  | — |  | — |  | (5,026)
Disposals | — |  | 2,626 |  | 5,326 |  | 17,979 |  | 290 |  | — |  | 26,221
Exchange differences | — |  | 12 |  | 10,791 |  | 19,001 |  | 61 |  | — |  | 29,865
Reclassifications | 2 |  | (10) |  | (1,364) |  | 259 |  | (181) |  | — |  | (1,294)
Balance at December 31, 2025 | (4,823) |  | (142,297) |  | (137,111) |  | (187,306) |  | (5,430) |  | — |  | (476,967)
Carrying amount at: |  |  |  |  |  |  |  |  |  |  |  |  |
January 1, 2024 | 4,144 |  | 27,054 |  | 33,588 |  | 87,418 |  | 1,978 |  | 5,426 |  | 159,608
December 31, 2024 | 12,810 |  | 29,194 |  | 40,505 |  | 109,439 |  | 1,956 |  | 10,902 |  | 204,806
December 31, 2025 | 13,669 |  | 30,115 |  | 42,015 |  | 99,504 |  | 2,173 |  | 23,768 |  | 211,244
Summary of Impairment Testing in Respect of Property Plant and Equipment | The following table presents the results of the impairment tests performed over the Group’s DOSs, as well as sensitivity analyses performed to verify whether reasonably possible changes in the main assumptions used to determine the recoverable amount of the DOSs would significantly affect the results of the impairment tests.
|  |  | Existing assumptions |  | Sensitivity effects on impairment
(€ millions, except percentages and basis points) | Impairment |  | WACC (%) |  | Revenues CAGR (%) vs. current year |  | Growth rate (%) |  | WACC +100 bps |  | Revenues -250 bps |  | Growth rate -50 bps
Zegna segment DOSs |  |  |  |  |  |  |  |  |  |  |  |  |
2025 | (4,129) |  | 8.06% / 14.31% |  | -7.0% |  | 1.50% / 4.00% |  | (4,484) |  | (4,850) |  | (4,186)
2024 | (4,150) |  | 8.05% / 14.09% |  | +6.7% |  | 1.00% / 4.00% |  | (4,734) |  | (5,084) |  | (4,262)
Thom Browne segment DOSs |  |  |  |  |  |  |  |  |  |  |  |  |
2025 | (495) |  | 10.32% / 14.15% |  | +24.5% |  | 2.00% / 3.00% |  | (605) |  | (688) |  | (513)
2024 | (2,957) |  | 10.66% / 13.06% |  | +11.1% |  | 2.50% / 3.00% |  | (3,032) |  | (3,614) |  | (2,969)
Tom Ford Fashion segment DOSs |  |  |  |  |  |  |  |  |  |  |  |  |
2025 | (10,415) |  | 9.52% / 13.66% |  | +12.1% |  | 2.00% / 3.00% |  | (10,654) |  | (11,438) |  | (10,433)
2024 | (4,089) |  | 8.45%/13.14% |  | +16.9% |  | 2.00% / 3.00% |  | (4,323) |  | (4,620) |  | (4,140)
Summary of Impairment and Reversal of Impairment | The following tables present the impairment and the reversal of impairment that was recognized in relation to the Group’s DOSs in 2025, 2024 and 2023.
| For the year ended December 31, 2025
(€ thousand) | Property, plant and equipment |  | Right-of-use assets |  | Intangible assets
DOSs impairment |  |  |  |  |
Zegna segment | 1,671 |  | 2,450 |  | 8
Thom Browne segment | 251 |  | 244 |  | —
Tom Ford Fashion segment | 3,104 |  | 7,247 |  | 64
Total DOSs impairment for the Group | 5,026 |  | 9,941 |  | 72
| For the year ended December 31, 2024
(€ thousand) | Property, plant and equipment |  | Right-of-use assets |  | Intangible assets
DOSs impairment |  |  |  |  |
Zegna segment | 688 |  | 3,404 |  | 58
Thom Browne segment | 752 |  | 2,205 |  | —
Tom Ford Fashion segment | 1,793 |  | 2,296 |  | —
Total DOSs impairment for the Group | 3,233 |  | 7,905 |  | 58
| For the year ended December 31, 2023
(€ thousand) | Property, plant and equipment |  | Right-of-use assets |  | Intangible assets
DOSs impairment |  |  |  |  |
Zegna segment | 551 |  | 268 |  | 35
of which impairment | 595 |  | 268 |  | 37
of which reversal of impairment | (44) |  | — |  | (2)
Thom Browne segment | 18 |  | — |  | —
Tom Ford Fashion segment | 346 |  | 564 |  | —
Total DOSs impairment for the Group | 915 |  | 832 |  | 35

X
- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2025-01-01 -Paragraph 73 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2025-en-r&anchor=para_73&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 200 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_200&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 200 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_200&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2025-01-01 -Paragraph 126 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=36&code=ifrs-tx-2025-en-r&anchor=para_126&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 250 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_250&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 250 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_250&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure in tabular form of impairment testing in respect of property plant and equipment. + References No definition available. + Details
Name: | zgn_DisclosureOfImpairmentTestingInRespectOfPropertyPlantAndEquipmentTableTextBlock
Namespace Prefix: | zgn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration