​

​

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).