Moncler Group | Annual Report 2024 Consolidated Financial Statements 386 Moncler Group | Annual Report 2024 Consolidated Financial Statements 387

Financial lease liabilities amounted to EUR 924.2 million

(EUR 805.3 million in 2023) and are detailed in the following table:

The changes in f inancial lease liabilities during 2024

are reported in the following table:

The following table shows the breakdown of the long-term

borrowings in accordance with their maturity date:

The following table shows the breakdown of the long-term

borrowings, excluded f inancial lease liabilities, in accordance

with their maturity date:

The nondiscounted cash f lows referring to the lease liabilities

are shown below

FINANCIAL LEASE LIABILITIES

EUR/000 31 December 2024 31 December 2023

Short-term f inancial lease liabilities 178,284 167,659

Long-term f inancial lease liabilities 745,921 637,672

TOTAL 924,205 805,331

EUR/000 IFRS 16 Ex IAS 17 Financial lease liabilities

1 January 2024 805,177 154 805,331

Acquisitions 287,917 83 288,000

Disposals(210,589)(126)(210,715)

Financial expenses 31,430 17 31,447

Translation adjustement 10,142 0 10,142

31 DECEMBER 2024 924,077 128 924,205

AGEING OF THE LONG-TERM BORROWINGS

EUR/000 31 December 2024 31 December 2023

Within 2 years 145,299 146,829

From 2 to 5 years 313,640 295,161

Beyond 5 years 302,249 222,198

TOTAL 761,188 664,188

AGEING OF LONG-TERM BORROWINGS EXCLUDED LEASE LIABILITIES

EUR/000 31 December 2024 31 December 2023

Within 2 years 2177 6437

From 2 to 5 years 13090 20079

Beyond 5 years 0 0

TOTAL 15267 26516

AGEING OF THE LEASE LIABILITIES NOT DISCOUNTED

EUR000 31 December 2024 31 December 2023

Within 1 year 209938 192969

From 1 to 5 years 527408 475915

Beyond 5 years 344551 245300

TOTAL 1081897 914184

Finally, the caption other short-term loans includes also

the negative fair value, equal to EUR 9.4 million (compared

to EUR 4.4 million negative as at 31 December 2023),

related to the contracts to hedge the exchange rate risk.

Please refer to note 9.3 for more details.

The net f inancial position is detailed in the following table:

Net f inancial position as def ined by the ESMA Guidelines

of 4 March 2021 (Consob Warning notice n. 5/21 to the Consob

Communication DEM/6064293 of 28 July 2006).

5.17 Shareholders’ equity

Changes in shareholders' equity for 2024 and the comparative

period are included in the consolidated statements of changes

in equity.

As at 31 December 2024 the subscribed share capital

constituted by 274.805.954 shares was fully paid and amounted

to EUR 54,961,191 with a nominal value of EUR 0.20 per share.

The increase in share capital of EUR 36 thousand, occurred

during the year was carried out free of charge through the use

of available reserves included in the item retained earnings and refers

to the issue of shares in execution of the Performance Share Plans

As at 31 December 2024 4199510 treasury shares were held

equal to 15 of the share capital for a total value of EUR 1631

million compared to n 4490875 at 31 December 2023 for a total

amount of Euro 1733 million Also this change refers to the use

of shares in execution of the Performance Share Plans

The legal reserve and premium reserve pertain to the parent

company Moncler SpA

In 2024 the Parent Company distributed dividends

to the Group Shareholders for a gross unit amount of EUR 115

per ordinary share for an amount of EUR 3112 million

EUR 3110 million dividends paid in 2024 compared to EUR 112

NET FINANCIAL POSITION

EUR/000 31 December 2024 31 December 2023

A. Cash 1,187,978 998,799

B. Cash equivalents 0 0

C. Other current f inancial assets 154,004 78,308

D. Liquidity (A)+(B)+(C)1,341,982 1,077,107

E . Current f inancial DEBT(17,836)(15,230)

F. Current portion of non-current f inancial debt(178,284)(169,173)

G. Current f inancial indebtedness (E)+(F)(196,120)(184,403)

H. Net current f inancial indebtedness (G)+(D)1,145,862 892,704

I. Non current f inancial debt(745,921)(637,672)

J. Debt instruments 0 0

K. Non-current trade and other payables (15,267)(26,516)

L. Non-current f inancial indebtedness (I)+(J)+(K)(761,188)(664,188)

M. Total f inancial indebtedness (H)+(L)384,674 228,516