​

​

For the six months ended June 30,

(Euro thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025*

Finance income

  ​

  ​

- Net foreign exchange gains

—

7,316

- Interest income

6

70

Total finance income

6

7,386

Finance expenses

​

  ​

- Interest expense on lease liabilities

(2,818)

(4,152)

- Interest expense on borrowings

(22,602)

(15,488)

- Net foreign exchange losses

(495)

—

- Other

(832)

(417)

Total finance expenses

(26,747)

(20,057)

Total finance costs - net

(26,741)

(12,671)

*

The finance cost information for the six months ended June 30, 2025 has been restated in accordance with IFRS 5, with the Caruso Brand presented as a discontinued operation (see Note 8).