10.Finance cost – net Breakdown for finance income, finance expenses and net foreign exchange gains or losses: | | | | | | | | | For the years ended December 31, | (Euro thousands) | | 2025 | | 2024* | | 2023* | Finance income | | | | | | | - Net foreign exchange gains | | 7,575 | | — | | — | - Interest income | | 103 | | 363 | | 287 | Total finance income | | 7,678 | | 363 | | 287 | Finance expenses | | | | | | | - Interest expense on lease liabilities | | (6,579) | | (7,517) | | (7,086) | - Interest expense on borrowings | | (35,849) | | (21,050) | | (12,329) | - Net foreign exchange losses | | — | | (731) | | (585) | - Other | | (740) | | (463) | | (301) | Total finance expenses | | (43,168) | | (29,761) | | (20,301) | Total finance cost - net | | (35,490) | | (29,398) | | (20,014) |
* | In accordance with IFRS 5, the finance cost information for 2024 and 2023 has been restated, with the Caruso Brand presented as a discontinued operation (see Note 12). |
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