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Financial statements as at 31 December 2025, the Board of Directors' report on operations and the reports of the Board of Statutory Auditors and the Independent Auditors. Related and consequent resolutions. Presentation of the consolidated financial statements as at 31 December 2025 and annexes thereto. Presentation of the consolidated sustainability statement as at 31 December 2025.
(pursuant to art. 125-ter of Italian Legislative Decree no. 58/1998 and art. 84-ter of CONSOB Regulation no. 11971/1999)
Dear Shareholders,
you have been called to the Shareholders' Meeting to resolve, among other things, on the approval of the financial statements of Azimut Holding S.p.A. for the year ended 31 December 2025. The Azimut Group's consolidated financial statements as at 31 December 2025 are also presented to the Shareholders' Meeting.
On 5 March 2026, the Board of Directors of Azimut Holding S.p.A. approved the draft financial statements as at 31 December 2025, the consolidated financial statements as at 31 December 2025 and the consolidated sustainability statement as at 31 December 2025.
In order to better illustrate the content of this item on the agenda, reference should be made to the contents of the draft financial statements for the year ended 31 December 2025 and in particular the Board of Directors' report on operations and the reports of the Board of Statutory Auditors and the Independent Auditors.
This documentation has been filed at the Company's registered office and at Borsa Italiana S.p.A. as required by law, so that the shareholders may examine it and take a copy at their own expense, as provided for by the laws and regulations in force. The same documentation is made public by updating the "Investor Relations - General Meetings" section of the Company website https://www.azimut-group.com/en/investor-relations/general-meetings at least twenty-one days before the Shareholders' Meeting.
The draft financial statements as at 31 December 2025 show the following highlights:
Consolidated Total Revenues: € 1,404 million (€ 1,470 million in FY 2024)
Consolidated Operating Profit: € 649 million (vs. € 653 million in FY 2024)
Consolidated Net Profit: € 526 million (vs. € 576 million in FY 2024)The net profit of the parent company alone, Azimut Holding S.p.A., amounted to € 517 million in FY 2025 (€ 321 million in FY 2024).
- Allocation of the profit for the financial year ended 31 December 2025.
Dear Shareholders,
the Board of Directors of Azimut Holding S.p.A. has submitted the financial statements for the year ended 31 December 2025 for your approval.
You have been called to the Shareholders' Meeting to resolve, among other things, on the proposed allocation of the profit for the year resulting from the financial statements of Azimut Holding S.p.A. closed as at 31 December 2025, which show a profit for the year of EUR 516,827,067 which we propose to allocate as follows:
€ 6,729,276, or 1% of pre-tax consolidated profit, to be paid to the charitable organisation Fondazione Azimut EFTS pursuant to article 32 of the Articles of Association;
€ 2.00 gross in cash for each share held, excluding any treasury shares held in the Company's portfolio on the day before the ex-dividend date;
€ 52,57 for each profit-participating financial instrument held by "Top Key People" at the time of dividend approval, which corresponds to 0.00001% of consolidated profit under art. 32 of the Articles of Association.
remainder to retained earnings.
We propose to pay the dividend on 20 May 2026, with ex-dividend date 18 May 2026 and record date 19 May 2026.
On behalf of the Board of Directors Alessandro Zambotti
Chief Executive Officer