Moncler Group | Annual Report 2024 Separate Financial Statements 450 Moncler Group | Annual Report 2024 Separate Financial Statements 451

4.16 Shareholders’ 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.

Changes in shareholders' equity for 2024 and the comparative

period are included in the consolidated statements of changes

in equity.

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, 4,199,510, treasury shares were

held, equal to 1.5% of the share capital, for a total value

of EUR 163,141 thousand, compared to 4,490,875 as at 31

December 2023 for a total amount of EUR 173,321 thousand.

Also this change refers to the use of shares in execution

of the Performance Share Plans.

The change in the IFRS 2 reserve is due to the accounting

treatment of the performance share plans, i.e., to the recognition

of the f igurative cost for the period relating to these plans

and the reclassif ication to retained earnings of the cumulative

f igurative cost of the plans already closed.

The change in retained earnings mainly relates to the allocation

of 2023 result, the dividend distributions and the above-mentioned

reclassif ication of the IFRS 2 reserve.

In 2024 the Company distributed dividends to the

shareholders for an amount of EUR 311,197 thousand (EUR

311,014 thousand dividends paid in 2024) compared to EUR 302,525

thousand distributed in 2023 (EUR 303,443

thousand dividends

paid in 2023).

The caption FTA reserve includes the ef fects of the initial

application of the IFRS 16.

The following table includes details about how

the shareholders reserve should be used:

In view of the realignment of the Moncler trademarks tax value

to the statutory value as required by Law Decree 1042020

the socalled August Decree Art 110 par 8 the Retained

earnings reserve has been appointed as deferred tax reserve

for an amount equal to EUR 217150636

The caption OCI Other Comprehensive Income reserve

includes the actuarial risks related to the employee pension fund

INFORMATION ON RESERVE

EUR Amount Possible use Available

amount

Non-available

amount

Amounts used

in the previous 3

years to hedge

losses

Amounts used

in the previous

3 years for other

reasons

Share capital 54,961,191––54,961,191––

Reserves:

Legal reserve 10,992,238 B–10,992,238––

Share premium 745,308,990 A, B, C 745,308,990 (*)0––

OCI Reserve (83,178)––(83,178)––

Revaluation reserve 85,963 A, B 85,963–––

FTA Reserve –A, B, C––––

IFRS 2 Reserve 76,196,320 A, B, C–76,196,320––

Retained earnings 244,131,978 A, B, C 244,048,800 83,178–585,088,179

TOTAL SHARE CAPITAL AND RESERVES 1,131,593,502 989,443,753 142,149,749–585,088,179

NON DISTRIBUTABLE AMOUNT 82,550

DISTRIBUTABLE REMAINING AMOUNT 989,361,203

Explanation: A share capital increase — B hedge of losses — C distribution to the shareholders

Share premium reserve entirely available after allocating to legal reserve up to 20 of the share capital

Changes in that reserve are as follows:

5. Commitments and guarantees given

5.1 Commitments

The Company does not have signif icant commitments arising

from operating lease contract or other contractual cases

that do not fall within the scope of IFRS 16.

5.2 Guarantees given

As at the date of the f inancial statements, the Company

had no guarantees toward the Group companies nor third parties

6 Contingent liability

The Company is subject to risks which may arise during the

performance of its ordinary activities Based on information

available to date management believes that there currently

are no contingent liabilities that need to be accrued in the

f inancial statements

OTHER COMPREHENSIVE INCOME Employees pension

fund — actuarial valuation

Fair value IRS

EUR/000 Value before tax

effect

Tax effect Value after tax

effect

Value before tax

effect

Tax effect Value after tax

effect

RESERVE AS AT 1 JANUARY 2023(216)38(178)0 0 0

Reclassif ication to Other reserves 0 0 0 0 0 0

Changes in the period 50 0 50 0 0 0

Translation differences of the period 0 0 0 0 0 0

Reversal in the income statement of the

period

0 0 0 0 0 0

RESERVE AS AT 31 DECEMBER 2023(166)38(128)0 0 0

RESERVE AS AT 1 JANUARY 2024(166)38(128)0 0 0

Reclassif ication to Other reserves 0 0 0 0 0 0

Changes in the period 45 0 45 0 0 0

Translation differences of the period 0 0 0 0 0 0

Reversal in the income statement of the

period

0 0 0 0 0 0

RESERVE AS AT 31 DECEMBER 2024(121)38(83)0 0 0