Ermenegildo Zegna Group Q3 2026 Revenues1 up 9% With Solid Growth Across All Regions and Continued Strength in the DTC Channel (+13% YoY)

Q3 2026 Group revenues increased +8.9% year-on-year (YoY) to €433.8 million (+8.2% on an organic basis2). By Brand: ZEGNA brand revenues rose to €283.8 million, +13.8% YoY and +12.7% organic. Thom Browne revenues were €45.4 million, -5.9% YoY and -7.4% organic. TOM FORD FASHION revenues grew +5.4% YoY to €69.6 million (+5.5% organic). By Channel: DTC3 grew to €335.3 million, +13.0% YoY and +11.4% organic, driven by ZEGNA’s ongoing solid momentum across all regions. ZEGNA DTC rose +18.2% YoY and +16.4% organic. By Geography: all regions delivered solid growth, led by the Americas with +14.0% YoY (+13.6% organic) and the Greater China Region posting +8.7% YoY (+5.7% organic). 9M 2026 Group revenues reached €1,421.1 million, +7.2% YoY and +8.9% organic. 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 €1,421.1 million in the first nine months of 2026, up 7.2% YoY from €1,325.9 million in the same period of 2025 (+8.9% organic). In the third quarter, revenues reached €433.8 million, +8.9% YoY (+8.2% organic). Ermenegildo “Gildo” Zegna, Executive Chairman of the Ermenegildo Zegna Group, commented: “This was another quarter of solid progress for our Group. Direct-to-Consumer continued to drive our growth, led by ZEGNA, which delivered a robust 16% organic increase in the DTC channel. I am also pleased with our Group’s performance across all regions. In particular, the Americas continued their double-digit trend despite an increasingly demanding comparison base, and the Greater China Region delivered steady growth in a quarter where the environment proved more challenging. ZEGNA led the way in all regions. As we enter the final months of the year, we look ahead with cautious confidence. While the global environment remains uncertain, we stay focused on what has always set us apart: our close relationships with our clients grounded in more than a century of craftsmanship.” _________________________ 1 Throughout this press release, revenues for the first nine months and for the third 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 and (b) acquisitions & disposals. Please see the non-IFRS financial measures section starting on page 7 of this press release for the definition and reconciliation of non-IFRS financial measures. 3 DTC: Direct-to-Consumer Revenue Analysis for the Nine and Three Months Ended September 30, 2026 REVENUES BY BRAND AND PRODUCT LINE (Unaudited) 9M 2026 vs 9M 2025 Q3 2026 vs Q3 2025 (€ thousands, except percentages) 2026 2025 % Organic 2026 2025 % Organic ZEGNA brand 918,417 819,845 12.0 % 13.5 % 283,844 249,436 13.8 % 12.7 % Thom Browne 168,464 177,361 (5.0 %) (2.2 %) 45,358 48,207 (5.9 %) (7.4 %) TOM FORD FASHION 226,390 218,734 3.5 % 6.1 % 69,573 66,019 5.4 % 5.5 % Textile 97,878 96,871 1.0 % 1.4 % 30,866 29,810 3.5 % 5.0 % Other (1) 9,909 13,108 (24.4 %) (24.1 %) 4,127 4,757 (13.2 %) (13.5 %) Total revenues 1,421,058 1,325,919 7.2 % 8.9 % 433,768 398,229 8.9 % 8.2 % _________________________ (1) Other mainly includes revenue from agreements with third party brands. In 9M 2026, revenues for the ZEGNA brand were €918.4 million, compared to €819.8 million in 9M 2025, (+12.0% YoY and +13.5% organic). In Q3 the brand reported revenues of €283.8 million, compared to €249.4 million in Q3 2025 (+13.8% YoY and +12.7% organic) driven by strong DTC organic growth across all regions. In 9M 2026, revenues for the Thom Browne brand amounted to €168.5 million, compared to €177.4 million in 9M 2025 (-5.0% YoY and -2.2% organic). In Q3, the brand reported €45.4 million, compared to €48.2 million in Q3 2025 (-5.9% YoY and -7.4% organic), mainly reflecting the more challenging consumer environment in Greater China Region and the ongoing streamlining of the wholesale channel. In 9M 2026, revenues for TOM FORD FASHION (TFF) amounted to €226.4 million, compared to €218.7 million in 9M 2025 (+3.5% YoY and +6.1% organic). In Q3, the brand reached revenues of €69.6 million from €66.0 million in Q3 2025 (+5.4% YoY and +5.5% organic), with both channels contributing positively. Textile revenues were €97.9 million in 9M 2026, compared to €96.9 million in 9M 2025 (+1.0% YoY and +1.4% organic), with Q3 at +3.5% YoY and +5.0% organic. Other revenues were €9.9 million in 9M 2026, compared to €13.1 million in 9M 2025 (-24.4% YoY and -24.1% organic). REVENUES BY DISTRIBUTION CHANNEL (Unaudited) 9M 2026 vs 9M 2025 Q3 2026 vs Q3 2025 (€ thousands, except percentages) 2026 2025 % Organic 2026 2025 % Organic Direct to Consumer (DTC) ZEGNA brand 821,855 714,874 15.0 % 16.3 % 248,599 210,373 18.2 % 16.4 % Thom Browne 139,090 130,901 6.3 % 10.4 % 36,393 38,262 (4.9 %) (6.6 %) TOM FORD FASHION 157,164 148,968 5.5 % 8.9 % 50,337 48,073 4.7 % 4.2 % Total Direct to Consumer (DTC) 1,118,109 994,743 12.4 % 14.4 % 335,329 296,708 13.0 % 11.4 % As a percentage of branded products (1) 85 % 82 % 84 % 82 % Wholesale branded ZEGNA brand 96,562 104,971 (8.0 %) (5.7 %) 35,245 39,063 (9.8 %) (7.9 %) Thom Browne 29,374 46,460 (36.8 %) (36.5 %) 8,965 9,945 (9.9 %) (10.7 %) TOM FORD FASHION 69,226 69,766 (0.8 %) 0.1 % 19,236 17,946 7.2 % 8.9 % Total Wholesale branded 195,162 221,197 (11.8 %) (10.4 %) 63,446 66,954 (5.2 %) (3.8 %) As a percentage of branded products (1) 15 % 18 % 16 % 18 % Textile 97,878 96,871 1.0 % 1.4 % 30,866 29,810 3.5 % 5.0 % Other (2) 9,909 13,108 (24.4 %) (24.1 %) 4,127 4,757 (13.2 %) (13.5 %) Total revenues 1,421,058 1,325,919 7.2 % 8.9 % 433,768 398,229 8.9 % 8.2 % _________________________ (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 9M 2026, Group DTC revenues were €1,118.1 million compared to €994.7 million in 9M 2025 (+12.4% YoY and +14.4% organic). In Q3 the channel reported +13.0% YoY and +11.4% organic growth, driven by the ZEGNA brand. ZEGNA DTC revenues grew +15.0% YoY and +16.3% organic in 9M 2026. In Q3, DTC revenues reported a growth of +18.2% YoY and +16.4% organic, driven by strong organic growth in all the regions. In particular, the Americas continued to outperform the overall performance of the channel. The Middle East region improved sequentially, delivering double-digit growth in the quarter. The Greater China Region (GCR) remained solid for the brand notwithstanding the slowdown in the industry in this area. At the end of September, ZEGNA counted 275 Directly Operated Stores (DOS), with 4 net closures in Q3 2026. Thom Browne DTC revenues were up +6.3% YoY and +10.4% organic in 9M 2026. In Q3, DTC revenues reported a decline of -4.9% YoY and -6.6% organic, which suffered from a slowdown in demand in some key regions, including the GCR. At the end of September, Thom Browne counted 129 DOS, with one net opening in Q3, including a store in Shanghai Plaza 66. TOM FORD FASHION DTC revenues were up +5.5% YoY and +8.9% organic in 9M 2026. In Q3, DTC revenues grew +4.7% YoY and +4.2% organic, driven by a positive performance in the Americas, EMEA and the Rest of APAC. At the end of September, TOM FORD FASHION counted 67 DOS, unchanged compared to the end of June. Wholesale Branded Revenues Analysis In 9M 2026, wholesale branded revenues were €195.2 million, compared to €221.2 million in 9M 2025 (-11.8% YoY and -10.4% organic). In Q3, wholesale branded revenues were €63.4 million, -5.2% YoY and -3.8% organic. However, as wholesale is driven by seasonal deliveries, the year-to-date (YTD) trend provides a more meaningful indication of performance than quarterly performance, which can be affected by shifts in delivery timing. ZEGNA wholesale revenues were €96.6 million in 9M 2026 (-8.0% YoY and -5.7% organic), with Q3 down -9.8% YoY and -7.9% organic. The performance reflects the Company’s decision to preserve exclusivity and reduce its exposure to this channel, particularly for its iconic products. Thom Browne wholesale revenues were €29.4 million in 9M 2026 (-36.8% YoY and -36.5% organic) with Q3 at -9.9% YoY and -10.7% organic, as a result of the continuous streamlining of the wholesale channel carried out by the brand. TOM FORD FASHION wholesale revenues were €69.2 million in 9M 2026 (-0.8% YoY and +0.1% organic), with a positive Q3 at +7.2% YoY and +8.9% organic driven by the good reception of Fall Winter collections. REVENUES BY GEOGRAPHIC AREA (Unaudited) 9M 2026 vs 9M 2025 Q3 2026 vs Q3 2025 (€ thousands, except percentages) 2026 2025 % Organic 2026 2025 % Organic EMEA (1) 491,384 479,963 2.4 % 3.0 % 161,406 151,055 6.9 % 6.3 % Americas (2) 440,653 384,051 14.7 % 17.8 % 138,305 121,337 14.0 % 13.6 % Greater China Region 320,202 300,497 6.6 % 6.5 % 84,096 77,396 8.7 % 5.7 % Rest of APAC (3) 166,856 159,086 4.9 % 10.9 % 49,306 47,578 3.6 % 5.0 % Other (4) 1,963 2,322 (15.5 %) (14.7 %) 655 863 (24.1 %) (24.1 %) Total revenues 1,421,058 1,325,919 7.2 % 8.9 % 433,768 398,229 8.9 % 8.2 % _________________________ (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 9M 2026, EMEA recorded revenues of €491.4 million (+2.4% YoY and +3.0% organic), representing 35% of the Group’s revenues. In Q3 2026, EMEA recorded +6.9% YoY and +6.3% organic growth, driven by double-digit growth at ZEGNA, partially offset by negative wholesale performance at Thom Browne and TOM FORD FASHION. The Middle East region delivered a strong sequential improvement in the quarter. In 9M 2026, revenues in the Americas amounted to €440.7 million (+14.7% YoY and +17.8% organic), representing 31% of the Group’s revenues. In Q3 2026, the region reported a growth of +14.0% YoY and +13.6% organic, with ZEGNA leading with double-digit growth in the DTC channel, partially offset by a negative performance in the ZEGNA wholesale channel. TOM FORD FASHION also delivered solid growth in the region. In 9M 2026, the GCR recorded revenues of €320.2 million (+6.6% YoY and +6.5% organic), representing 22% of the Group’s revenues. In Q3 2026, GCR revenues increased by +8.7% YoY and +5.7% organic, driven by ZEGNA’s DTC channel, partially offset by the negative performance at Thom Browne. In 9M 2026, revenues in the Rest of APAC reached €166.9 million (+4.9% YoY and +10.9% organic), representing 12% of the Group’s revenues. Q3 2026 revenues increased by +3.6% YoY and +5.0% organic, with ZEGNA and TFF contributing positively while Thom Browne performed broadly in line with last year despite the more challenging environment in Korea and Japan. *** Group Monobrand (1) Store Network at September 30, 2026 At September 30, 2026 At December 31, 2025 At September 30, 2025 Stores ZEGNA Thom Browne TOM FORD FASHION Group ZEGNA Thom Browne TOM FORD FASHION Group ZEGNA Thom Browne TOM FORD FASHION Group EMEA 76 11 12 99 79 10 12 101 78 10 12 100 Americas 78 36 17 131 76 35 14 125 76 35 13 124 Greater China Region 72 38 10 120 74 36 12 122 75 38 13 126 Rest of APAC 49 44 28 121 53 42 28 123 53 41 28 122 Total Direct to Consumer (DTC) 275 129 67 471 282 123 66 471 282 124 66 472 EMEA 40 2 14 56 41 4 16 61 41 5 16 62 Americas 54 1 44 99 57 1 46 104 59 1 46 106 Greater China Region 7 6 — 13 9 9 — 18 9 10 — 19 Rest of APAC 5 3 3 11 5 4 3 12 5 5 1 11 Total Wholesale 106 12 61 179 112 18 65 195 114 21 63 198 Total 381 141 128 650 394 141 131 666 396 145 129 670 _________________________ (1) Monobrand store count includes our DOSs (which are divided into boutiques and outlets) and our Wholesale monobrand stores (including also monobrand franchisees). *** UPCOMING EVENTS Please find below the expected calendar for the next financial releases, announced today: February 1, 2027: FY 2026 Preliminary Revenues March 15, 2027: FY 2026 Financial Results April 29, 2027: Q1 2027 Revenues July 22, 2027: H1 2027 Preliminary Revenues September 2, 2027: H1 2027 Financial Results October 21, 2027: Q3 2027 Revenues Conference CallRead the full story here

Ermenegildo Zegna Group Q3 2026 Revenues1 up 9% With Solid Growth Across All Regions and Continued Strength in the DTC Channel (+13% YoY)

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