Ermenegildo Zegna Group Reports a Solid Start of the Year With Q1 2026 Revenues at €470 Million Driven by Strong DTC Performance1

Group’s Q1 2026 revenues increased +2.5% year‑on‑year (YoY) and +7.4% on an organic2 basis, reflecting sequential acceleration driven by Direct-to-Consumer (DTC) and the ZEGNA brand. By Channel: DTC grew +7.8% YoY to €371.9 million, +14.2% organic, with all three brands delivering outstanding results and in acceleration versus the previous quarter. Wholesale revenues at €64.3 million, -19.1% YoY (-17.0% organic), continue to reflect the strategic decision to focus on the DTC channel. By Brand: ZEGNA brand revenues rose to €310.3 million up +5.9% YoY and +11.3% organic. Thom Browne revenues were down -9.4% YoY and -3.0% organic, while TOM FORD FASHION grew +0.4% YoY and +5.4% organic. By Geography: the Group recorded positive performances across all regions on an organic basis, with the Americas outperforming the other regions (+9.6% YoY and +17.5% organic) and the Greater China Region (GCR) turning positive. MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced unaudited revenues of €470.2 million for the first quarter of 2026, +2.5% YoY and +7.4% organic from €458.8 million in the first quarter of 2025. Ermenegildo “Gildo” Zegna, Executive Chairman of the Ermenegildo Zegna Group, commented: “We entered 2026 with growing momentum across all our brands. The Group’s 7% organic growth is a direct result of our long-term strategy, thoughtfully crafted and now being executed with discipline and pace. Our retail-first organization continues to progress, as reflected in 14% organic growth in the Direct-to-Consumer channel, with all brands and markets contributing. The Americas stood out once again, delivering another quarter of double-digit organic growth and continued acceleration. ZEGNA led the Group’s performance, reporting 11% organic growth. Thom Browne and TOM FORD FASHION strengthened their distinctive positions and attracted new audiences. Looking ahead, our “think slow, act fast” mindset will continue to guide the Group in taking thoughtful decisions and implementing them quickly and decisively - as we pursue our vision with rigor while remaining agile and flexible. In this world, we must adapt rapidly to more challenging conditions. At the same time, our long-term objectives are clear, and we remain focused on achieving them.” ________________________________________ 1 Throughout this press release, revenues for the first quarter of 2026 and 2025 are unaudited. 2 Revenues on an organic growth basis (organic or organic growth) and on a constant currency basis (constant currency), are non-IFRS financial measures. Constant currency growth is calculated excluding foreign exchange. Organic growth is calculated excluding (a) foreign exchange, (b) acquisitions & disposals, and (c) changes in license agreements where the Group operates as a licensee. Please see the non-IFRS financial measures section starting on page 6 of this press release for the definition and reconciliation of non-IFRS financial measures. Revenues Analysis for the Three Months Ended March 31, 2026 and 2025 REVENUES BY BRAND AND PRODUCT LINE (Unaudited) Q1 2026 vs Q1 2025 (€ thousands, except percentages) 2026 2025 % Organic ZEGNA brand 310,292 292,916 5.9 % 11.3 % Thom Browne 58,166 64,223 (9.4 %) (3.0 %) TOM FORD FASHION 67,727 67,478 0.4 % 5.4 % Textile 31,212 29,921 4.3 % 3.4 % Other (1) 2,778 4,283 (35.1 %) (34.5 %) Total revenues 470,175 458,821 2.5 % 7.4 % ________________________________________ (1) Other mainly includes revenues from agreements with third party brands. In Q1 2026, revenues for the ZEGNA brand were €310.3 million, compared to €292.9 million in Q1 2025, +5.9% YoY and +11.3% organic, in sequential improvement with ongoing robust DTC performance. The Americas and EMEA continued to grow double-digit and GCR recorded a positive performance. In Q1 2026, revenues for Thom Browne amounted to €58.2 million, compared to €64.2 million in Q1 2025, -9.4% YoY (-3.0% organic), with positive double-digit organic growth in the DTC channel offset by the decline in the wholesale channel. The brand benefitted from the positive reception of the Thom Browne collaboration with Asics, launched in March 2026. In Q1 2026, revenues for TOM FORD FASHION (TFF) amounted to €67.7 million, compared to €67.5 million in Q1 2025, +0.4% YoY (+5.4% organic), boosted by the ongoing solid performance of the DTC channel and supported by marketing activity around the March fashion show. In Q1 2026, Textile revenues were €31.2 million, compared to €29.9 million in Q1 2025, +4.3% YoY (+3.4% organic). Other revenues, which mainly include revenues from sales to third party brands3, were €2.8 million in Q1 2026, compared to €4.3 million in Q1 2025, -35.1% YoY (-34.5% organic). ________________________________________ 3 Includes revenues from the sale of finished products (Ready-to-Wear) to luxury brands outside the group, with which we have long term supply contracts REVENUES BY DISTRIBUTION CHANNEL (Unaudited) Q1 2026 vs Q1 2025 (€ thousands, except percentages) 2026 2025 % Organic Direct to Consumer (DTC) ZEGNA brand 272,288 250,795 8.6 % 14.1 % Thom Browne 50,864 46,288 9.9 % 20.2 % TOM FORD FASHION 48,768 48,051 1.5 % 9.2 % Total Direct to Consumer (DTC) 371,920 345,134 7.8 % 14.2 % As a percentage of branded products (1) 85 % 81 % Wholesale branded ZEGNA brand 38,004 42,121 (9.8 %) (5.3 %) Thom Browne 7,302 17,935 (59.3 %) (58.6 %) TOM FORD FASHION 18,959 19,427 (2.4 %) (3.3 %) Total Wholesale branded 64,265 79,483 (19.1 %) (17.0 %) As a percentage of branded products 15 % 19 % Textile 31,212 29,921 4.3 % 3.4 % Other (2) 2,778 4,283 (35.1 %) (34.5 %) Total revenues 470,175 458,821 2.5 % 7.4 % ________________________________________ (1) Branded products refer to the products sold under the three brands that the Group operates, through the DTC or wholesale branded distribution channels. (2) Other mainly includes revenues from agreements with third party brands. DTC Revenues Analysis In Q1 2026, DTC revenues were €371.9 million, compared to €345.1 million in Q1 2025, +7.8% YoY (+14.2% organic), representing 85% of the Group’s branded products revenues. All three brands recorded strong performance and sustained organic growth in the channel. ZEGNA DTC revenues were €272.3 million, +8.6% YoY (+14.1% organic), in sequential acceleration driven by double-digit growth in the Americas and EMEA and a positive contribution from GCR and Rest of APAC. At March 31, 2026, ZEGNA counted 279 directly operated stores (DOS), with 3 net closures in the first quarter of the year. Thom Browne DTC revenues were €50.9 million, +9.9% YoY (+20.2% organic), driven by accelerated growth thanks to the successful launch of the sneakers in collaboration with Asics which drove both existing and new customers to the stores. The Americas outperformed the other regions. At March 31, 2026, Thom Browne had 125 DOS, with 2 net openings in the first quarter of the year. TOM FORD FASHION DTC revenues were €48.8 million, +1.5% YoY (+9.2% organic), driven by consistent growth across all the regions, particularly in the Americas. The channel performance was also supported by the strong reception of the Spring collection and the brand momentum boosted by the show in Paris in March 2026. At March 31, 2026, TOM FORD FASHION had 68 DOS, with 2 net openings in the first quarter of the year. Wholesale Branded Revenues Analysis In Q1 2026, wholesale branded revenues (excluding the Textile and Other) were €64.3 million, compared to €79.5 million in Q1 2025, -19.1% YoY (-17.0% organic), reflecting the continued effects of our strategic decision to focus on the DTC channel, as well as a decline in the Thom Browne brand. ZEGNA wholesale revenues were €38.0 million, -9.8% YoY (-5.3% organic) reflecting the decision to focus on the DTC channel in order to maintain direct control on the network, enhance exclusivity and safeguard the icons. Thom Browne wholesale revenues were €7.3 million in Q1 2026, -59.3% YoY (-58.6% organic). This performance reflects the continued impact of the decision to streamline the wholesale channel and – to a lesser extent - the timing of certain deliveries shifting from Q1 to Q2 2026. TOM FORD FASHION wholesale revenues were €19.0 million, -2.4% YoY (-3.3% organic), reflecting the decision to focus on the DTC channel. REVENUES BY GEOGRAPHIC AREA (Unaudited) Q1 2026 vs Q1 2025 (€ thousands, except percentages) 2026 2025 % Organic EMEA (1) 152,865 154,089 (0.8 %) 1.4 % Americas (2) 137,028 124,971 9.6 % 17.5 % Greater China Region 124,130 123,260 0.7 % 5.3 % Rest of APAC (3) 55,500 55,850 (0.6 %) 7.7 % Other (4) 652 651 0.2 % 1.6 % Total revenues 470,175 458,821 2.5 % 7.4 % ________________________________________ (1) EMEA includes Europe, the Middle East and Africa. (2) Americas includes the United States of America, Canada, Mexico, Brazil and other Central and South American countries. (3) Rest of APAC includes Japan, South Korea, Singapore, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries. (4) Other revenues mainly include royalties. In Q1 2026, EMEA recorded revenues of €152.9 million, -0.8% YoY (+1.4% organic), representing 33% of the Group’s revenues, with solid growth of the DTC channel across the three brands offset by negative performance in the wholesale channel. Revenues in the Americas were €137.0 million, +9.6% YoY (+17.5% organic), representing 29% of the Group’s revenues. Performance was supported by strong growth across all brands. Revenues in the GCR were €124.1 million, +0.7% YoY (+5.3% organic), representing 26% of the Group’s revenues with all brands reporting improved momentum. Revenues in the Rest of APAC were €55.5 million, -0.6% YoY (+7.7% organic), representing 12% of the Group’s revenues, driven by solid growth in Korea and Japan at all three brands. Group Monobrand(1) Store Network at March 31, 2026 At March 31, 2026 At December 31, 2025 At March 31, 2025 Stores ZEGNA Thom Browne TOM FORD FASHION Group ZEGNA Thom Browne TOM FORD FASHION Group ZEGNA Thom Browne TOM FORD FASHION Group EMEA 78 12 12 102 79 10 12 101 78 9 12 99 Americas 76 34 16 126 76 35 14 125 75 29 13 117 Greater China Region 72 36 12 120 74 36 12 122 76 39 12 127 Rest of APAC 53 43 28 124 53 42 28 123 54 40 28 122 Total Direct to Consumer (DTC) 279 125 68 472 282 123 66 471 283 117 65 465 EMEA 40 2 16 58 41 4 16 61 43 5 15 63 Americas 57 1 46 104 57 1 46 104 58 1 46 105 Greater China Region 7 9 — 16 9 9 — 18 11 10 — 21 Rest of APAC 5 4 3 12 5 4 3 12 5 5 2 12 Total Wholesale 109 16 65 190 112 18 65 195 117 21 63 201 Total 388 141 133 662 394 141 131 666 400 138 128 666 ________________________________________ (1) Monobrand store count includes our DOSs (which are divided into boutiques and outlets) and our Wholesale monobrand stores (including also monobrand franchisees). Annual Report on Form 20-F – Notice On March 20, 2026, the Company filed with the United States Securities and Exchange Commission its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2025. The Company’s annual report on Form 20-F is available under the Investors section on the Company’s corporate website at https://ir.zegnagroup.com/financial-documents/sec-filings/default.aspx, where it can be viewed and downloaded. Shareholders may request a hard copy of the Company’s audited financial statements included in the Form 20-F, free of charge, through the contact below. Financial releases Please find below the expected calendar for the next financial releases: July 23, 2026: H1 2026 Preliminary Revenues September 3, 2026: H1 2026 Financial Results October 22, 2026: Q3 2026 Revenues Conference CallRead the full story here

Ermenegildo Zegna Group Reports a Solid Start of the Year With Q1 2026 Revenues at €470 Million Driven by Strong DTC Performance1

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