HK Stock Market Move | PRADA (01913) fell more than 4% after its performance report. Last year, its net profit increased by 1.6% year-on-year while Versace incurred an operating loss.

PRADA (01913) fell more than 4% after the performance report, dropping by 4.52% to 41.42 Hong Kong dollars, with a turnover of 27.27 million Hong Kong dollars. On the news front, on the evening of March 5, PRADA released its comprehensive performance for the 12 months ending December 31, 2025. The group achieved a net income of 5.718 billion euros, a year-on-year increase of 9.1% at a fixed exchange rate; adjusted EBIT was 1.324 billion euros, with an adjusted EBIT margin of 23.2%; net profit for the year was 852 million euros, a 1.6% increase from 2024. The final dividend of 0.166 euros per share is proposed. At the brand level, Prada's retail sales net income fell by 1%, while MiuMiu's retail sales net income increased by 35%. In addition, newly acquired Versace had a net income of 684 million euros last year but incurred operating losses. It is expected that this year, the transition of creative leadership combined with initial adjustment measures will result in a certain degree of decline in income, and Versace is expected to continue to generate similar-scale operating losses until 2026.